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External Debt and Financing Arrangements (Tables)
3 Months Ended
Apr. 01, 2023
Debt Disclosure [Abstract]  
Summary of Outstanding Notes The following table provides a summary of the Company’s outstanding Notes, including the net carrying value of the Notes, net of underwriting commissions, price discounts, and debt issuance costs as of April 1, 2023 and December 31, 2022:

 

 

 

 

 

 

 

 

Net Carrying Value

 

 (in millions)

Principal Amount

 

 

Issuance Date

 

Maturity Date

 

April 1, 2023

 

 

December 31, 2022

 

4.000% Senior Notes

$

500.0

 

 

June 2015

 

June 2025

 

$

498.3

 

 

$

498.1

 

4.000% Senior Notes

 

600.0

 

 

September 2018

 

September 2023

 

 

599.5

 

 

 

599.2

 

3.250% Senior Notes

 

700.0

 

 

September 2019

 

September 2029

 

 

695.2

 

 

 

695.0

 

4.000% Senior Notes

 

450.0

 

 

March 2022

 

March 2032

 

 

445.9

 

 

 

445.8

 

4.500% Senior Notes

 

450.0

 

 

March 2022

 

March 2052

 

 

435.5

 

 

 

435.4

 

Total Senior Notes

$

2,700.0

 

 

 

 

 

 

$

2,674.4

 

 

$

2,673.5