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v3.23.2

Debt (Tables) | 6 Months Ended
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Jul. 01, 2023
Debt Disclosure [Abstract] |
Schedule of carrying values and estimated fair values of debt instruments | The fair values and carrying values of the Company’s debt instruments are detailed as follows:
| July 1, 2023 |  | December 31, 2022
| Fair Value |  | Carrying Value |  | Fair Value |  | Carrying Value
1.750% Senior Notes, payable June 12, 2027; interest payable annually | $ | 505,075 |  |  | 545,673 |  |  | 482,139 |  |  | 535,103 |
3.625% Senior Notes, payable May 15, 2030; interest payable semi-annually | 450,605 |  |  | 500,000 |  |  | 431,605 |  |  | 500,000 |
U.S. commercial paper | 616,063 |  |  | 616,063 |  |  | 785,998 |  |  | 785,998 |
European commercial paper | 398,887 |  |  | 398,887 |  |  | 42,808 |  |  | 42,808 |
Senior credit facility, payable August 12, 2027 | 8,185 |  |  | 8,185 |  |  | — |  |  | — |
U.S. Term Loan Facility | 675,000 |  |  | 675,000 |  |  | 675,000 |  |  | 675,000 |
European Term Loan Facility | 240,096 |  |  | 240,096 |  |  | 235,445 |  |  | 235,445 |
Finance leases and other | 73,999 |  |  | 73,999 |  |  | 52,050 |  |  | 52,050 |
Unamortized debt issuance costs | (6,544) |  |  | (6,544) |  |  | (7,270) |  |  | (7,270) |
Total debt | 2,961,366 |  |  | 3,051,359 |  |  | 2,697,775 |  |  | 2,819,134 |
Less current portion of long term-debt and commercial paper | 1,038,032 |  |  | 1,038,032 |  |  | 840,571 |  |  | 840,571 |
Long-term debt, less current portion | $ | 1,923,334 |  |  | 2,013,327 |  |  | 1,857,204 |  |  | 1,978,563 |

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- Definition Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements. + References No definition available. + Details
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