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LONG-TERM DEBT AND FINANCING ARRANGEMENTS (Tables)

12 Months Ended

Dec. 28, 2024

Debt Disclosure [Abstract]

Schedule of Long-Term Debt and Financing Arrangements

			December 28, 2024												December 30, 2023
(Millions of Dollars)			Interest Rate			Notional Value			Carrying Value1						Carrying Value1
Notes payable due 2025			2.30%			$	500.0		$	499.9					$	498.7
Notes payable due 2026			3.40%			500.0			499.4						498.9
Notes payable due 2026			6.27%			350.0			349.3						348.6
Notes payable due 2026			3.42%			25.0			25.7						26.0
Notes payable due 2026			1.84%			26.1			26.7						28.5
Notes payable due 2028			6.00%			400.0			398.0						397.5
Notes payable due 2028			7.05%			150.0			157.5						159.7
Notes payable due 2028			4.25%			500.0			498.3						497.7
Notes payable due 2028			3.52%			50.0			52.4						53.1
Notes payable due 2030			2.30%			750.0			746.2						745.3
Notes payable due 2032			3.00%			500.0			496.6						496.3
Notes payable due 2040			5.20%			400.0			374.5						372.9
Notes payable due 2048			4.85%			500.0			495.2						495.0
Notes payable due 2050			2.75%			750.0			741.0						740.7
Notes payable due 2060 (junior subordinated)			4.00%			750.0			741.6						741.4
Other, payable in varying amounts 2025 through 2026			4.23%-4.31%			0.7			0.7						1.8
Total long-term debt, including current maturities						$	6,151.8		$	6,103.0					$	6,102.1
Less: Current maturities of long-term debt									(500.4)						(1.1)
Long-term debt									$	5,602.6					$	6,101.0

1 Carrying values are net of unamortized discounts, deferred issuance costs, unamortized terminated swaps and purchase accounting fair value adjustments.

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- 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.

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