Debt (Tables)

12 Months Ended

Jan. 03, 2025

Debt consisted of the following:


At the End of Year		Effective interest rate
(In millions, except percentages)	Date of Issuance	End of 2024	2024		2023

Senior Notes:
Senior Notes, 4.75%, due December 2024	November 2014		$	—	$	400.0
Senior Notes, 4.90%, due June 2028	June 2018	5.04%	600.0		600.0
Senior Notes, 6.10%, due March 2033	March 2023	6.13%	800.0		800.0
Credit Facilities:
2022 Revolving Credit Facility, due March 2027	September 2022		—		150.0
Term Loan, due April 2026	April 2023		—		500.0
Term Loan, due April 2028	April 2023		—		500.0
Uncommitted Credit Facilities, floating rate			—		130.4

Unamortized discount and issuance costs			(9.4)		(13.8)
Total debt			$	1,390.6	$	3,066.6
Less: Short-term debt			—		530.4
Long-term debt			$	1,390.6	$	2,536.2

Schedule of Maturities of Long-term Debt

At the end of 2024, our debt maturities based on outstanding principal were as follows (in millions):


Year Payable
2025	$	—
2026	—
2027	—
2028	600.0
2029	—
Thereafter	800.0
Total	$	1,400.0

- 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