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v3.20.2

Short-term and Long-term Debt - Narrative (Detail) | 3 Months Ended | 6 Months Ended |  |  |
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Jun. 27, 2020 USD ($) revision | Jun. 27, 2020 USD ($) revision | Jun. 29, 2019 USD ($) | Apr. 30, 2020 USD ($) | Dec. 28, 2019 USD ($) | Sep. 16, 2019 USD ($)
Schedule Of Debt Instruments [Line Items] |  |  |  |  |  |
Notes payable | $ 12,100,000 | $ 12,100,000 |  |  | $ 202,900,000 |
Commercial paper outstanding |  |  |  |  | 193,600,000 |
Other notes payable |  |  |  |  | $ 9,300,000 |
Proceeds from issuance of long-term debt |  | $ 489,900,000 | $ 0 |  |  |
3.10% unsecured notes due 2050 |  |  |  |  |  |
Schedule Of Debt Instruments [Line Items] |  |  |  |  |  |
Unsecured notes, interest rate | 3.10% | 3.10% |  |  |  |
3.10% unsecured notes due 2050 | Unsecured Debt |  |  |  |  |  |
Schedule Of Debt Instruments [Line Items] |  |  |  |  |  |
Debt instrument, face amount |  |  |  | $ 500,000,000 |  |
Unsecured notes, interest rate |  |  |  | 3.10% |  |
Proceeds from issuance of long-term debt | $ 489,900,000 |  |  |  |  |
Payments of financing costs | 4,400,000 |  |  |  |  |
Five-year Multi-Currency Revolving Credit Facility | Revolving Credit Facility | Line of Credit |  |  |  |  |  |
Schedule Of Debt Instruments [Line Items] |  |  |  |  |  |
Revolving credit facility, amount available |  |  |  |  |  | $ 800,000,000
Credit Facility borrowings | $ 0 | $ 0 |  |  |  |
Number of allowed revisions to debt ratios | revision | 2 | 2 |  |  |  |
Debt maturity, term |  | 5 years |  |  |  |
Actual debt-to-capital ratio | 0.17 | 0.17 |  |  |  |
Actual debt-to-income ratio | 0.86 | 0.86 |  |  |  |
Five-year Multi-Currency Revolving Credit Facility | Revolving Credit Facility | Maximum | Line of Credit |  |  |  |  |  |
Schedule Of Debt Instruments [Line Items] |  |  |  |  |  |
Maximum limit of required debt-to-capital ratio | 0.60 | 0.60 |  |  |  |
Maximum limit of required debt-to-income ratio | 3.50 | 3.50 |  |  |  |
Five-year Multi-Currency Revolving Credit Facility | Revolving Credit Facility | Maximum | Material Acquisition | Line of Credit |  |  |  |  |  |
Schedule Of Debt Instruments [Line Items] |  |  |  |  |  |
Maximum limit of required debt-to-capital ratio | 0.65 | 0.65 |  |  |  |
Maximum limit of required debt-to-income ratio | 4.00 | 4.00 |  |  |  |

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- Definition Carrying value as of the balance sheet date of short-term borrowings using unsecured obligations issued by banks, corporations and other borrowers to investors. The maturities of these money market securities generally do not exceed 270 days. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(13)(2)) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)) -URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)(a)(3)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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- Definition The carrying value as of the balance sheet date of the current portion of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(13)) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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