XML 56 R40.htm IDEA: XBRL DOCUMENT
v3.22.0.1

LONG-TERM DEBT AND FINANCING ARRANGEMENTS (Tables) | 12 Months Ended
--- | ---
Jan. 01, 2022
Debt Disclosure [Abstract] |
Long-Term Debt and Financing Arrangements | Long-term debt and financing arrangements at January 1, 2022 and January 2, 2021 were as follows:
|  | January 1, 2022 |  | January 2, 2021
(Millions of Dollars) | Interest Rate | Original Notional | Unamortized Discount | Unamortized Gain (Loss) Terminated Swaps 1 | Purchase Accounting FV Adjustment | Deferred Financing Fees | Carrying Value |  | Carrying Value
Notes payable due 2026 | 3.40% | 500.0 |  | (0.4) |  | — |  | — |  | (1.8) |  | 497.8 |  |  | 497.2 |
Notes payable due 2026 | 3.42% | 25.0 |  | — |  | — |  | — |  | (0.1) |  | 24.9 |  |  | — |
Notes payable due 2026 | 1.84% | 28.5 |  | — |  | — |  | — |  | (0.1) |  | 28.4 |  |  | — |
Notes payable due 2028 | 7.05% | 150.0 |  | — |  | 7.1 |  | 6.8 |  | — |  | 163.9 |  |  | 166.1 |
Notes payable due 2028 | 4.25% | 500.0 |  | (0.3) |  | — |  | — |  | (2.9) |  | 496.8 |  |  | 496.2 |
Notes payable due 2028 | 3.52% | 50.0 |  | — |  | — |  | — |  | (0.1) |  | 49.9 |  |  | — |
Notes payable due 2030 | 2.30% | 750.0 |  | (2.0) |  | — |  | — |  | (4.3) |  | 743.7 |  |  | 742.9 |
Notes payable due 2040 | 5.20% | 400.0 |  | (0.2) |  | (27.5) |  | — |  | (2.6) |  | 369.7 |  |  | 368.1 |
Notes payable due 2048 | 4.85% | 500.0 |  | (0.5) |  | — |  | — |  | (4.9) |  | 494.6 |  |  | 494.3 |
Notes payable due 2050 | 2.75% | 750.0 |  | (1.9) |  | — |  | — |  | (8.1) |  | 740.0 |  |  | 739.9 |
Notes payable due 2060 (junior subordinated) | 4.00% | 750.0 |  | — |  | — |  | — |  | (9.1) |  | 740.9 |  |  | 740.7 |
Other, payable in varying amounts 2022 through 2027 | 3.47%-4.31% | 4.3 |  | — |  | — |  | — |  | — |  | 4.3 |  |  | — |
Total long-term debt, including current maturities |  | $ | 4,407.8 |  | $ | (5.3) |  | $ | (20.4) |  | $ | 6.8 |  | $ | (34.0) |  | $ | 4,354.9 |  |  | $ | 4,245.4 |
Less: Current maturities of long-term debt |  |  |  |  |  |  | (1.3) |  |  | — |
Long-term debt |  |  |  |  |  |  | $ | 4,353.6 |  |  | $ | 4,245.4 |
1 Unamortized gain (loss) associated with interest rate swaps are more fully discussed in Note I, Financial Instruments.

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + 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 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=124435984&loc=d3e28541-108399 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21506-112644 Reference 5: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69B -URI http://asc.fasb.org/extlink&oid=123466577&loc=SL123495735-112612 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=124435984&loc=d3e28551-108399 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69E -URI http://asc.fasb.org/extlink&oid=123466577&loc=SL123495743-112612 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21521-112644 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21538-112644 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=123599511&loc=d3e64711-112823 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21475-112644 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration