LONG-TERM DEBT AND FINANCING ARRANGEMENTS (Tables)

9 Months Ended

Sep. 28, 2024

Debt Disclosure [Abstract]

Schedule of Long-Term Debt and Financing Arrangements

		September 28, 2024												December 30, 2023
(Millions of Dollars)	Interest Rate	Notional Value		Unamortized Discount		Unamortized Gain/(Loss) Terminated Swaps 1		Purchase Accounting FV Adjustment		Deferred Financing Fees		Carrying Value		Carrying Value
Notes payable due 2025	2.30%	$	500.0	$	(0.1)	$	—	$	—	$	(0.3)	$	499.6	$	498.7
Notes payable due 2026	3.40%	500.0		(0.2)		—		—		(0.6)		499.2		498.9
Notes payable due 2026	6.27%	350.0		—		—		—		(0.9)		349.1		348.6
Notes payable due 2026	3.42%	25.0		—		—		0.7		—		25.7		26.0
Notes payable due 2026	1.84%	28.0		—		—		0.8		(0.1)		28.7		28.5
Notes payable due 2028	6.00%	400.0		(0.3)		—		—		(1.7)		398.0		397.5
Notes payable due 2028	7.05%	150.0		—		4.1		3.9		—		158.0		159.7
Notes payable due 2028	4.25%	500.0		(0.1)		—		—		(1.8)		498.1		497.7
Notes payable due 2028	3.52%	50.0		—		—		2.7		(0.1)		52.6		53.1
Notes payable due 2030	2.30%	750.0		(1.4)		—		—		(2.8)		745.8		745.3
Notes payable due 2032	3.00%	500.0		(0.7)		—		—		(2.6)		496.7		496.3
Notes payable due 2040	5.20%	400.0		(0.2)		(23.5)		—		(2.2)		374.1		372.9
Notes payable due 2048	4.85%	500.0		(0.4)		—		—		(4.5)		495.1		495.0
Notes payable due 2050	2.75%	750.0		(1.7)		—		—		(7.3)		741.0		740.7
Notes payable due 2060 (junior subordinated)	4.00%	750.0		—		—		—		(8.4)		741.6		741.4
Other, payable in varying amounts 2024 through 2027	4.10%-4.31%	1.0		—		—		—		—		1.0		1.8
Total Long-term debt, including current maturities		$	6,154.0	$	(5.1)	$	(19.4)	$	8.1	$	(33.3)	$	6,104.3	$	6,102.1
Less: Current maturities of long-term debt												(500.2)		(1.1)
Long-term debt												$	5,604.1	$	6,101.0

1Unamortized gain/(loss) associated with interest rate swaps are more fully discussed in Note H, Financial Instruments.