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SHORT AND LONG-TERM DEBT (Tables)

3 Months Ended

Mar. 30, 2025

Debt Disclosure [Abstract]

Schedule of Short-term Debt

Short-term debt consisted of the following:

			March 30, 2025						December 31, 2024
Short-term foreign bank borrowings against lines of credit			$	144,626					$	161,364
U.S. commercial paper			—						1,145,612
Total short-term debt			$	144,626					$	1,306,976
Weighted average interest rate on outstanding commercial paper			—		%				4.5		%

Schedule of Long-term Debt Instruments

Long-term debt consisted of the following:

Debt Type and Rate						Maturity Date						March 30, 2025						December 31, 2024
0.900% Notes						June 1, 2025						300,000						300,000
3.200% Notes						August 21, 2025						300,000						300,000
2.300% Notes						August 15, 2026						500,000						500,000
7.200% Debentures						August 15, 2027						193,639						193,639
4.550% Notes (1)						February 24, 2028						500,000						—
4.250% Notes						May 4, 2028						350,000						350,000
2.450% Notes						November 15, 2029						300,000						300,000
4.750% Notes (1)						February 24, 2030						500,000						—
1.700% Notes						June 1, 2030						350,000						350,000
4.950% Notes (1)						February 24, 2032						500,000						—
4.500% Notes						May 4, 2033						400,000						400,000
5.100% Notes (1)						February 24, 2035						500,000						—
3.375% Notes						August 15, 2046						300,000						300,000
3.125% Notes						November 15, 2049						400,000						400,000
2.650% Notes						June 1, 2050						350,000						350,000
Finance lease obligations (see Note 7)												72,381						73,802
Net impact of interest rate swaps, debt issuance costs and unamortized debt discounts												(35,152)						(22,266)
Total long-term debt												5,780,868						3,795,175
Less—current portion												603,617						604,965
Long-term portion												$	5,177,251					$	3,190,210

(1) During the first quarter of 2025, we issued $500,000 of 4.550% Notes due in February 2028, $500,000 of 4.750% Notes due in February 2030, $500,000 of 4.950% Notes due in February 2032 and $500,000 of 5.100% Notes due in February 2035 (together, the “2025 Notes”). Proceeds from the issuance of the 2025 Notes, net of discounts and issuance costs, totaled $1,986,026. The 2025 Notes were issued under a shelf registration on Form S-3 filed in May 2024 that registered an indeterminate amount of debt securities.

Schedule of Net Interest Expense

Net interest expense consists of the following:

												Three Months Ended
																		March 30, 2025						March 31, 2024
Interest expense																		$	54,916					$	46,044
Capitalized interest																		(4,309)						(4,436)
Interest expense																		50,607						41,608
Interest income																		(5,985)						(1,786)
Interest expense, net																		$	44,622					$	39,822

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