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Long-Term Debt (Tables)

12 Months Ended

Jan. 01, 2023

Debt Disclosure [Abstract]

Summary of Long-Term Debt

Long-Term Debt (dollars in millions):			January 1, 2023						January 2, 2022
$1.15 billion credit facility, due March 2026, weighted average variable rate of 5.46% at January 1, 2023 and 1.20% at January 2, 2022			$	125.0					$	125.0
0.65% Fixed Rate Senior Notes due April 2023			300.0						300.0
0.95% Fixed Rate Senior Notes due April 2024, callable after April 2022			450.0						450.0
Term loan due October 2024, variable rate of 5.63% at January 1, 2023 and 1.35% at January 2, 2022, swapped to a Euro fixed rate of 0.612%			150.0						150.6
1.60% Fixed Rate Senior Notes due April 2026			450.0						450.0
Term loan due May 2026, variable rate of 5.61% at January 1, 2023 and 1.35% at January 2, 2022			245.0						355.0
2.25% Fixed Rate Senior Notes due April 2028			700.0						700.0
2.50% Fixed Rate Senior Notes due August 2030			485.0						500.0
2.75% Fixed Rate Senior Notes due April 2031			1,040.0						1,100.0
Other debt			2.1						0.7
Debt issuance costs			(26.5)						(31.9)
Total long-term debt			3,920.6						4,099.4
Current portion of long-term debt and other debt			(300.1)						—
Total long-term debt, net of current portion			$	3,620.5					$	4,099.4

Schedule of Maturities of Long-term Debt

Maturities of long-term debt as of January 1, 2023 (in millions):

Fiscal year
2023						$	300.1
2024						601.0
2025						0.3
2026						820.3
2027						0.3
Thereafter						2,225.1
Total principal payments						3,947.1
Debt issuance costs						(26.5)
Total debt						$	3,920.6

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