Debt (Tables)

3 Months Ended

Apr. 01, 2023

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:

	April 1, 2023			December 31, 2022
	Fair Value		Carrying Value	Fair Value	Carrying Value
1.750% Senior Notes, payable June 12, 2027; interest payable annually	$	499,127	542,123	482,139	535,103
3.625% Senior Notes, payable May 15, 2030; interest payable semi-annually	454,700		500,000	431,605	500,000
U.S. commercial paper	812,900		812,900	785,998	785,998
European commercial paper	130,110		130,110	42,808	42,808
Senior credit facility, payable August 12, 2027	362,139		362,139	—	—
U.S. Term Loan Facility	675,000		675,000	675,000	675,000
European Term Loan Facility	238,534		238,534	235,445	235,445
Finance leases and other	67,719		67,719	52,050	52,050
Unamortized debt issuance costs	(6,914)		(6,914)	(7,270)	(7,270)
Total debt	3,233,315		3,321,611	2,697,775	2,819,134
Less current portion of long term-debt and commercial paper	1,056,473		1,056,473	840,571	840,571
Long-term debt, less current portion	$	2,176,842	2,265,138	1,857,204	1,978,563