XML 56 R40.htm IDEA: XBRL DOCUMENT
v3.24.3

Debt (Tables) | 9 Months Ended
--- | ---
Sep. 28, 2024
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:
| September 28, 2024 |  | December 31, 2023
(In millions) | Fair Value |  | Carrying Value |  | Fair Value |  | Carrying Value
1.750% Senior Notes, payable June 12, 2027; interest payable annually | $ | 544.0 |  |  | 558.1 |  |  | 521.9 |  |  | 551.9 |
3.625% Senior Notes, payable May 15, 2030; interest payable semi-annually | 482.0 |  |  | 500.0 |  |  | 464.0 |  |  | 500.0 |
5.85% Senior Notes, payable September 18, 2028; interest payable semi-annually | 634.0 |  |  | 600.0 |  |  | 622.9 |  |  | 600.0 |
U.S. commercial paper | 249.0 |  |  | 249.0 |  |  | — |  |  | — |
European commercial paper | 173.0 |  |  | 173.0 |  |  | — |  |  | — |
Senior Credit Facility, payable August 12, 2027 | 22.3 |  |  | 22.3 |  |  | 67.1 |  |  | 67.1 |
U.S. Term Loan Facility | — |  |  | — |  |  | 675.0 |  |  | 675.0 |
European Term Loan Facility | — |  |  | — |  |  | 242.8 |  |  | 242.8 |
Finance leases and other | 88.4 |  |  | 88.4 |  |  | 77.7 |  |  | 77.7 |
Unamortized debt issuance costs | (9.1) |  |  | (9.1) |  |  | (11.0) |  |  | (11.0) |
Total debt | 2,183.6 |  |  | 2,181.7 |  |  | 2,660.4 |  |  | 2,703.5 |
Less: current portion of long term-debt and commercial paper | 465.3 |  |  | 465.3 |  |  | 1,001.7 |  |  | 1,001.7 |
Long-term debt, less current portion | $ | 1,718.3 |  |  | 1,716.4 |  |  | 1,658.7 |  |  | 1,701.8 |

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfCarryingValuesAndEstimatedFairValuesOfDebtInstrumentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration