Debt (Tables)

6 Months Ended

Jul. 02, 2022

Debt Disclosure [Abstract]

Schedule of carrying values and estimated fair values of debt instruments

The fair values and carrying values of the Company’s debt instruments are detailed as follows:

	At July 2, 2022			At December 31, 2021
	Fair Value		Carrying Value	Fair Value	Carrying Value
1.750% Senior Notes, payable June 12, 2027; interest payable annually	$	444,199	521,268	601,037	566,380
3.625% Senior Notes, payable May 15, 2030; interest payable semi-annually	451,375		500,000	538,545	500,000
3.85% Senior Notes, payable February 1, 2023; interest payable semi-annually	600,330		600,000	615,630	600,000
U.S. commercial paper	830,000		830,000	598,000	598,000
European commercial paper	58,903		58,903	15,859	15,859
Finance leases and other	48,357		48,357	53,163	53,163
Unamortized debt issuance costs	(7,564)		(7,564)	(8,617)	(8,617)
Total debt	2,425,600		2,550,964	2,413,617	2,324,785
Less current portion of long term-debt and commercial paper	1,498,900		1,498,900	624,503	624,503
Long-term debt, less current portion	$	926,700	1,052,064	1,789,114	1,700,282