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LONG-TERM DEBT AND FINANCING ARRANGEMENTS (Tables)

6 Months Ended

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

1Unamortized gain/(loss) associated with interest rate swaps are more fully discussed in Note H, Financial Instruments.

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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.

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