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Long-Term Debt and Other Financing (Tables) | 12 Months Ended
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Dec. 29, 2024
Debt Disclosure [Abstract] |
Schedule of Long-Term Debt Instruments | Components of Long-term debt are as follows:
(In millions) | 2024 |  | 2023
| Carrying Cost |  | Fair Value |  | Carrying Cost |  | Fair Value
3.90% Notes Due 2029 | $ | 900.0 |  |  | $ | 845.6 |  |  | $ | 900.0 |  |  | $ | 839.8 |
3.55% Notes Due 2026 | 591.9 |  |  | 578.0 |  |  | 675.0 |  |  | 641.0 |
3.00% Notes Due 2024 | — |  |  | — |  |  | 500.0 |  |  | 488.4 |
6.35% Notes Due 2040 | 500.0 |  |  | 507.5 |  |  | 500.0 |  |  | 520.1 |
3.50% Notes Due 2027 | 500.0 |  |  | 481.5 |  |  | 500.0 |  |  | 472.2 |
6.05% Notes Due 2034 | 500.0 |  |  | 502.2 |  |  | — |  |  | — |
5.10% Notes Due 2044 | 300.0 |  |  | 261.3 |  |  | 300.0 |  |  | 271.6 |
6.60% Debentures Due 2028 | 109.9 |  |  | 114.4 |  |  | 109.9 |  |  | 116.0 |
Total long-term debt | 3,401.8 |  |  | 3,290.5 |  |  | 3,484.9 |  |  | 3,349.1 |
Less: Deferred debt expenses | 21.0 |  |  | — |  |  | 19.1 |  |  | — |
Less: Current portion | — |  |  | — |  |  | 500.0 |  |  | — |
Long-term debt | $ | 3,380.8 |  |  | $ | 3,290.5 |  |  | $ | 2,965.8 |  |  | $ | 3,349.1 |
Schedule of Future Long-Term Borrowings Contractual Payments | The Company's long-term borrowings have the following future contractual maturities:
Future long-term borrowings contractual payments | (In millions)
2025 | $ | — |
2026 | 591.9 |
2027 | 500.0 |
2028 | 109.9 |
2029 | 900.0 |
2030 and thereafter | 1,300.0 |
Total | $ | 3,401.8 |
Schedule of the Activity Related to the Obligations | A summary of the activity related to the obligations are as follows:
(In millions) |  | 2024 |  | 2023
Balance at beginning of the year |  | $ | 43.3 |  |  | $ | 76.1 |
Additions |  | 387.7 |  |  | 415.7 |
Settled |  | (364.8) |  |  | (448.5) |
Balance at end of the year |  | $ | 66.2 |  |  | $ | 43.3 |

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