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Debt (Tables)

3 Months Ended

Apr. 03, 2021

Debt Disclosure [Abstract]

Summary of Senior Unsecured Notes Issued

In March 2021, the Company issued the following senior unsecured notes:

Senior Unsecured Notes		Term		Interest Rate		Face Value (in millions)				Maturity Date
Series N		5 years		1.68%		$	100			March 2026
Series O		10 years		2.25%		$	400			March 2031

Summary of Outstanding Debt

The Company had the following outstanding debt at April 3, 2021 and December 31, 2020 (in thousands):

		April 3, 2021				December 31, 2020
Senior unsecured notes - Series E - 3.97%, due March 2021			—				50,000
Senior unsecured notes - Series F - 3.40%, due June 2021			100,000				100,000
Total notes payable and debt, current			100,000				150,000
Senior unsecured notes - Series G - 3.92%, due June 2024			50,000				50,000
Senior unsecured notes - Series H - floating rate*, due June 2024			50,000				50,000
Senior unsecured notes - Series I - 3.13%, due May 2023			50,000				50,000
Senior unsecured notes - Series K - 3.44%, due May 2026			160,000				160,000
Senior unsecured notes - Series L - 3.31%, due September 2026			200,000				200,000
Senior unsecured notes - Series M - 3.53%, due September 2029			300,000				300,000
Senior unsecured notes - Series N - 1.68%, due March 2026			100,000				—
Senior unsecured notes - Series O - 2.25%, due March 2031			400,000				—
Credit agreement			300,000				400,000
Unamortized debt issuance costs			(6,910	)			(3,485	)
Total long-term debt			1,603,090				1,206,515
Total debt		$	1,703,090			$	1,356,515

* Series H senior unsecured notes bear interest at a 3-month LIBOR for that floating rate interest period plus 1.25%.

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