Debt (Tables)

9 Months Ended

Sep. 28, 2024

Debt

Schedule of short-term borrowings, including current portion of long-term debt

	September 28,		December 31,
(thousands)	2024		2023
3.25% notes, due September 2024	$	—	$	499,224
4.00% notes, due April 2025		349,618		—
Commercial paper		539,191		1,121,882
Other short-term borrowings		21,017		32,848
	$	909,826	$	1,653,954

Schedule of long-term debt

	September 28,		December 31,
(thousands)	2024		2023
North American asset securitization program	$	251,000	$	198,000
4.00% notes, due 2025		—		349,061
6.125% notes, due 2026		—		497,661
7.50% senior debentures, due 2027		110,246		110,184
3.875% notes, due 2028		497,603		497,098
5.15% notes, due 2029		494,983		—
2.95% notes, due 2032		495,440		495,039
5.875% notes, due 2034		494,878		—
Other obligations with various interest rates and due dates		19,091		6,510
	$	2,363,241	$	2,153,553

Schedule of estimated fair market value of long-term debt, using quoted market prices

	September 28,		December 31,
(thousands)	2024		2023
4.00% notes, due 2025	$	—	$	343,500
6.125% notes, due 2026		—		502,000
7.50% senior debentures, due 2027		117,500		117,000
3.875% notes, due 2028		489,500		475,000
5.15% notes, due 2029		509,500		—
2.95% notes, due 2032		440,000		425,000
5.875% notes, due 2034		520,000		—