Debt (Tables)

12 Months Ended

Jan. 01, 2021

Long-term Debt, Current and Noncurrent [Abstract]

Debt consisted of the following:


At the End of Fiscal Year		Effective interest rate
(In millions, except percentages)	Date of Issuance	for fiscal 2020	2020		2019
Senior Notes:
2023 Senior Notes, 4.15%, due June 2023	June 2018	4.36%	$	300.0	$	300.0
2028 Senior Notes, 4.90%, due June 2028	June 2018	5.04%	600.0		600.0
2024 Senior Notes, 4.75%, due December 2024	November 2014	4.95%	400.0		400.0
Credit Facilities:

2018 Credit Facility, floating rate:
Term Loan, due July 2022	May 2018	—	—		225.0
Revolving Credit Facility, due May 2023	May 2018	—	—		110.0
Uncommitted facilities, floating rate		1.16%	255.8		218.7
Promissory notes and other debt			0.1		0.3
Unamortized discount and issuance costs			(8.7)		(10.8)
Total debt			1,547.2		1,843.2
Less: Short-term debt			255.8		219.0
Long-term debt			$	1,291.4	$	1,624.2

Schedule of Maturities of Long-term Debt

Debt Maturities:

At the end of fiscal 2020, our debt maturities based on outstanding principal were as follows (in millions):


Year Payable
2021	$	255.8
2022	—
2023	300.1
2024	400.0
2025	—
Thereafter	600.0
Total	$	1,555.9

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details