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Debt (Tables)

9 Months Ended

Oct. 02, 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 October 2, 2021 and December 31, 2020 (in thousands):

		October 2, 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
Total notes payable and debt, current			—				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			310,000				400,000
Unamortized debt issuance costs			(6,382	)			(3,485	)
Total long-term debt			1,613,618				1,206,515
Total debt		$	1,613,618			$	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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