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DEBT Debt (Tables) | 6 Months Ended
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Jul. 01, 2023
Debt Disclosure [Abstract] |
Schedule of Debt Table | The following table summarizes our outstanding debt obligations.
As of the Period Ended | July 1, 2023 |  | December 31, 2022
Commercial paper | $ | 393.8 |  |  | $ | 448.3 |
Current maturities of long-term debt and finance leases | 2.2 |  |  | 2.2 |
Other short-term notes payable | 0.5 |  |  | 0.5 |
Commercial paper and current maturities of long-term debt | 396.5 |  |  | 451.0 |
Non-current maturities of long-term debt(a) | 6.8 |  |  | 7.7 |
Total debt and finance leases | $ | 403.3 |  |  | $ | 458.7 |
(a) Our long-term debt is primarily related to outstanding Italian government loans.
Schedule of Outstanding Commercial Paper | The following table presents our outstanding commercial paper borrowings and associated weighted average interest rates as of July 1, 2023 and December 31, 2022.
As of the Period Ended | July 1, 2023 |  | December 31, 2022
Commercial Paper Outstanding - U.S. Program | $ | 80.0 |  |  | $ | 299.2 |
Commercial Paper Outstanding - Euro Program | 313.8 |  |  | 149.1 |
Total Commercial Paper Outstanding | $ | 393.8 |  |  | 448.3 |
Weighted Average Interest Rate - U.S. Program | 5.45 | % |  | 4.92 | %
Weighted Average Interest Rate - Euro Program | 3.82 | % |  | 2.31 | %

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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