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Debt (Tables)

6 Months Ended

Jul. 01, 2023

Debt Disclosure [Abstract]

Summary of Senior Unsecured Notes Issued

On May 11, 2023, the Company issued the following senior unsecured notes:

										Face Value
Senior Unsecured Notes		Term				Interest Rate				(in millions)				Maturity Date
Series P			5 years				4.91	%		$	50				May 2028
Series Q			7 years				4.91	%		$	50				May 2030

Summary of Outstanding Debt

The Company had the following outstanding debt at July 1, 2023 and December 31, 2022 (in thousands):

		July 1, 2023				December 31, 2022
Senior unsecured notes - Series I - 3.13%, due May 2023			—				50,000
Senior unsecured notes - Series G - 3.92%, due June 2024			50,000				—
Total notes payable and debt, current			50,000				50,000
Senior unsecured notes - Series G - 3.92%, due June 2024			—				50,000
Senior unsecured notes - Series H - floating rate*, due June 2024			—				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				100,000
Senior unsecured notes - Series O - 2.25%, due March 2031			400,000				400,000
Senior unsecured notes - Series P - 4.91%, due May 2028			50,000				—
Senior unsecured notes - Series Q - 4.91%, due May 2030			50,000				—
Credit agreement			1,325,000				270,000
Unamortized debt issuance costs			(4,802	)			(5,122	)
Total long-term debt			2,580,198				1,524,878
Total debt		$	2,630,198			$	1,574,878

* 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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