XML 88 R76.htm IDEA: XBRL DOCUMENT v3.25.0.1
External Debt and Financing Arrangements - Additional Information (Detail)
$ in Millions
1 Months Ended 12 Months Ended
Aug. 31, 2022
USD ($)
Dec. 28, 2024
USD ($)
Dec. 31, 2024
Dec. 30, 2024
USD ($)
Dec. 31, 2023
Dec. 30, 2023
USD ($)
Nov. 30, 2021
USD ($)
Debt Instrument [Line Items]              
Long-term debt   $ 2,673.3       $ 2,670.1  
Uncommitted bank lines of credit, which provide for unsecured borrowings for working capital   30.5       30.5  
Uncommitted bank lines of credit, which provide for unsecured borrowings for working capital amount outstanding   0.0       0.0  
Weighted-average interest rates on borrowings     0.00%   0.00%    
Commercial Paper Program [Member]              
Debt Instrument [Line Items]              
Line of Credit Facility, Maximum Borrowing Capacity             $ 1,250.0
Long-term debt   0.0       0.0  
Senior Notes [Member]              
Debt Instrument [Line Items]              
Long-term debt payments due in 2025       $ 500.0      
Long-term debt payments due in 2026       0.0      
Long-term debt payments due in 2027       0.0      
Long-term debt payments due in 2028       0.0      
Long-term debt payments due in 2029       700.0      
Long-term debt payments due in 2030 and beyond       $ 1,500.0      
Interest payments due in 2025   106.3          
Interest payments due in 2026 through 2027   192.5          
Interest payments due in 2028 through 2029   192.5          
Interest payments due in 2030 and beyond   $ 624.0          
2022 Revolving Credit Agreement [Member]              
Debt Instrument [Line Items]              
Line of Credit Facility, Maximum Borrowing Capacity $ 1,250.0            
Term loan maturity period 2027-08            
Debt Instrument, Description of Variable Rate Basis Interest rates under the 2022 Revolving Credit Agreement are variable based on the Secured Overnight Financing Rate (“SOFR”) at the time of the borrowing and the Company’s long-term credit rating and can range from SOFR + 1.02% to SOFR + 1.525%.            
Debt instrument, covenant description Under the 2022 Revolving Credit Agreement, the Company is required to maintain a minimum ratio of consolidated EBITDA to consolidated interest expense of 3.0 to 1.0. Consolidated EBITDA is defined as consolidated net income before interest expense, income taxes, depreciation, amortization of intangible assets, losses from asset impairments, and certain other one-time adjustments. In addition, the Company's ratio of consolidated debt minus certain cash and cash equivalents to consolidated EBITDA generally may not exceed 3.5 to 1.0.            
Required minimum ratio of consolidated EBITDA to consolidated interest expense   0.3          
Ratio of consolidated debt minus certain cash and cash equivalents to consolidated EBITDA   0.35          
Term loan, outstanding borrowings   $ 0.0       $ 0.0  
2022 Revolving Credit Agreement [Member] | Minimum [Member]              
Debt Instrument [Line Items]              
Interest rate over LIBOR 1.02%            
2022 Revolving Credit Agreement [Member] | Maximum [Member]              
Debt Instrument [Line Items]              
Interest rate over LIBOR 1.525%