XML 52 R31.htm IDEA: XBRL DOCUMENT
v3.23.1

LONG-TERM DEBT AND FINANCING ARRANGEMENTS (Tables) | 3 Months Ended
--- | ---
Apr. 01, 2023
Debt Disclosure [Abstract] |
Long-Term Debt and Financing Arrangements |
|  | April 1, 2023 |  | December 31, 2022
(Millions of Dollars) | Interest Rate | Notional Value | Unamortized Discount | Unamortized Gain/(Loss) Terminated Swaps 1 | Purchase Accounting FV Adjustment | Deferred Financing Fees | Carrying Value |  | Carrying Value
Notes payable due 2025 | 2.30% | $ | 500.0 |  | $ | (0.4) |  | $ | — |  | $ | — |  | $ | (1.6) |  | $ | 498.0 |  |  | $ | 497.7 |
Notes payable due 2026 | 3.40% | 500.0 |  | (0.3) |  | — |  | — |  | (1.3) |  | 498.4 |  |  | 498.3 |
Notes payable due 2026 | 6.27% | 350.0 |  | — |  | — |  | — |  | (0.9) |  | 349.1 |  |  | — |
Notes payable due 2026 | 3.42% | 25.0 |  | — |  | — |  | 1.4 |  | (0.1) |  | 26.3 |  |  | 26.4 |
Notes payable due 2026 | 1.84% | 27.3 |  | — |  | — |  | 1.3 |  | (0.1) |  | 28.5 |  |  | 28.0 |
Notes payable due 2028 | 6.00% | 400.0 |  | (0.4) |  | — |  | — |  | (1.4) |  | 398.2 |  |  | — |
Notes payable due 2028 | 7.05% | 150.0 |  | — |  | 5.8 |  | 5.5 |  | — |  | 161.3 |  |  | 161.8 |
Notes payable due 2028 | 4.25% | 500.0 |  | (0.2) |  | — |  | — |  | (2.5) |  | 497.3 |  |  | 497.2 |
Notes payable due 2028 | 3.52% | 50.0 |  | — |  | — |  | 3.7 |  | (0.1) |  | 53.6 |  |  | 53.7 |
Notes payable due 2030 | 2.30% | 750.0 |  | (1.7) |  | — |  | — |  | (3.6) |  | 744.7 |  |  | 744.5 |
Notes payable due 2032 | 3.00% | 500.0 |  | (0.8) |  | — |  | — |  | (3.1) |  | 496.1 |  |  | 495.9 |
Notes payable due 2040 | 5.20% | 400.0 |  | (0.2) |  | (25.7) |  | — |  | (2.4) |  | 371.7 |  |  | 371.3 |
Notes payable due 2048 | 4.85% | 500.0 |  | (0.5) |  | — |  | — |  | (4.7) |  | 494.8 |  |  | 494.8 |
Notes payable due 2050 | 2.75% | 750.0 |  | (1.9) |  | — |  | — |  | (7.7) |  | 740.4 |  |  | 740.3 |
Notes payable due 2060 (junior subordinated) | 4.00% | 750.0 |  | — |  | — |  | — |  | (8.8) |  | 741.2 |  |  | 741.2 |
Other, payable in varying amounts 2024 through 2027 | 4.10%-4.31% | 2.7 |  | — |  | — |  | — |  | — |  | 2.7 |  |  | 3.0 |
Total Long-term debt, including current maturities |  | $ | 6,155.0 |  | $ | (6.4) |  | $ | (19.9) |  | $ | 11.9 |  | $ | (38.3) |  | $ | 6,102.3 |  |  | $ | 5,354.1 |
Less: Current maturities of long-term debt |  |  |  |  |  |  | (1.2) |  |  | (1.2) |
Long-term debt |  |  |  |  |  |  | $ | 6,101.1 |  |  | $ | 5,352.9 |
1 Unamortized gain/(loss) associated with interest rate swaps are more fully discussed in Note H, 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 https://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 https://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 https://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 https://asc.fasb.org/extlink&oid=126973232&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 https://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 https://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 https://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 https://asc.fasb.org/extlink&oid=126973232&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 https://asc.fasb.org/extlink&oid=126973232&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 https://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 https://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 https://asc.fasb.org/extlink&oid=126973232&loc=d3e21475-112644 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration