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LONG-TERM DEBT AND FINANCING ARRANGEMENTS (Tables) | 6 Months Ended
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Jun. 29, 2024
Debt Disclosure [Abstract] |
Schedule of Long-Term Debt and Financing Arrangements |
|  | June 29, 2024 |  | December 30, 2023
(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 |  | $ | (0.1) |  | $ | — |  | $ | — |  | $ | (0.6) |  | $ | 499.3 |  |  | $ | 498.7 |
Notes payable due 2026 | 3.40% | 500.0 |  | (0.2) |  | — |  | — |  | (0.7) |  | 499.1 |  |  | 498.9 |
Notes payable due 2026 | 6.27% | 350.0 |  | — |  | — |  | — |  | (1.1) |  | 348.9 |  |  | 348.6 |
Notes payable due 2026 | 3.42% | 25.0 |  | — |  | — |  | 0.8 |  | — |  | 25.8 |  |  | 26.0 |
Notes payable due 2026 | 1.84% | 26.8 |  | — |  | — |  | 0.8 |  | (0.1) |  | 27.5 |  |  | 28.5 |
Notes payable due 2028 | 6.00% | 400.0 |  | (0.3) |  | — |  | — |  | (1.9) |  | 397.8 |  |  | 397.5 |
Notes payable due 2028 | 7.05% | 150.0 |  | — |  | 4.4 |  | 4.2 |  | — |  | 158.6 |  |  | 159.7 |
Notes payable due 2028 | 4.25% | 500.0 |  | (0.1) |  | — |  | — |  | (1.9) |  | 498.0 |  |  | 497.7 |
Notes payable due 2028 | 3.52% | 50.0 |  | — |  | — |  | 2.9 |  | (0.1) |  | 52.8 |  |  | 53.1 |
Notes payable due 2030 | 2.30% | 750.0 |  | (1.4) |  | — |  | — |  | (3.0) |  | 745.6 |  |  | 745.3 |
Notes payable due 2032 | 3.00% | 500.0 |  | (0.7) |  | — |  | — |  | (2.7) |  | 496.6 |  |  | 496.3 |
Notes payable due 2040 | 5.20% | 400.0 |  | (0.2) |  | (23.9) |  | — |  | (2.2) |  | 373.7 |  |  | 372.9 |
Notes payable due 2048 | 4.85% | 500.0 |  | (0.4) |  | — |  | — |  | (4.5) |  | 495.1 |  |  | 495.0 |
Notes payable due 2050 | 2.75% | 750.0 |  | (1.7) |  | — |  | — |  | (7.4) |  | 740.9 |  |  | 740.7 |
Notes payable due 2060 (junior subordinated) | 4.00% | 750.0 |  | — |  | — |  | — |  | (8.5) |  | 741.5 |  |  | 741.4 |
Other, payable in varying amounts 2024 through 2027 | 4.10%-4.31% | 1.3 |  | — |  | — |  | — |  | — |  | 1.3 |  |  | 1.8 |
Total Long-term debt, including current maturities |  | $ | 6,153.1 |  | $ | (5.1) |  | $ | (19.5) |  | $ | 8.7 |  | $ | (34.7) |  | $ | 6,102.5 |  |  | $ | 6,102.1 |
Less: Current maturities of long-term debt |  |  |  |  |  |  | (500.1) |  |  | (1.1) |
Long-term debt |  |  |  |  |  |  | $ | 5,602.4 |  |  | $ | 6,101.0 |
1 Unamortized gain/(loss) associated with interest rate swaps are more fully discussed in Note H, Financial Instruments.

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