Debt (Tables)

3 Months Ended

Mar. 29, 2025

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:

	March 29, 2025			December 31, 2024
(In millions)	Fair Value		Carrying Value	Fair Value	Carrying Value
1.750% Senior Notes, payable June 12, 2027; interest payable annually	$	530.0	541.4	509.0	520.3
3.625% Senior Notes, payable May 15, 2030; interest payable semi-annually	471.0		500.0	462.0	500.0
5.85% Senior Notes, payable September 18, 2028; interest payable semi-annually	622.0		600.0	617.0	600.0
United States commercial paper	663.0		663.0	486.0	486.0
European commercial paper	—		—	49.4	49.4
Finance leases and other	89.6		89.6	89.5	89.5
Unamortized debt issuance costs	(7.9)		(7.9)	(8.4)	(8.4)
Total debt	2,367.7		2,386.1	2,204.5	2,236.8
Less: current portion of long term-debt and commercial paper	688.0		688.0	559.4	559.4
Long-term debt, less current portion	$	1,679.7	1,698.1	1,645.1	1,677.4