Debt (Tables)

6 Months Ended

Jul. 04, 2026

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


	July 4, 2026			December 31, 2025

(In millions)	Fair Value		Carrying Value		Fair Value	Carrying Value
1.75% Senior Notes, payable June 12, 2027; interest payable annually	$	571.9	571.9		581.0	587.4
3.625% Senior Notes, payable May 15, 2030; interest payable semi-annually	480.0		500.0		485.0	500.0
5.85% Senior Notes, payable September 18, 2028; interest payable semi-annually	615.0		600.0		624.0	600.0




United States commercial paper	167.0		167.0		155.0	155.0
European commercial paper	–		–		111.6	111.6
Senior Credit Facility, payable May 12, 2031	–		–		–	–



Finance leases and other	82.7		82.7		82.8	82.8
Unamortized debt issuance costs	(5.1)		(5.1)		(6.3)	(6.3)
Total debt	1,911.5		1,916.5		2,033.1	2,030.5
Less: current portion of long-term debt and commercial paper	761.4		761.4		289.3	289.3
Long-term debt, less current portion	$	1,150.1	1,155.1		1,743.8	1,741.2