Debt (Tables)

6 Months Ended

Jun. 29, 2024

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:

	June 29, 2024			December 31, 2023
(In millions)	Fair Value		Carrying Value	Fair Value	Carrying Value
1.750% Senior Notes, payable June 12, 2027; interest payable annually	$	508.0	535.6	521.9	551.9
3.625% Senior Notes, payable May 15, 2030; interest payable semi-annually	457.0		500.0	464.0	500.0
5.85% Senior Notes, payable September 18, 2028; interest payable semi-annually	612.0		600.0	622.9	600.0
U.S. commercial paper	385.0		385.0	—	—
European commercial paper	313.4		313.4	—	—
Senior Credit Facility, payable August 12, 2027	—		—	67.1	67.1
U.S. Term Loan Facility	—		—	675.0	675.0
European Term Loan Facility	—		—	242.8	242.8
Finance leases and other	85.1		85.1	77.7	77.7
Unamortized debt issuance costs	(9.6)		(9.6)	(11.0)	(11.0)
Total debt	2,350.9		2,409.5	2,660.4	2,703.5
Less: current portion of long term-debt and commercial paper	718.0		718.0	1,001.7	1,001.7
Long-term debt, less current portion	$	1,632.9	1,691.5	1,658.7	1,701.8