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Debt (Tables)
 3 Months Ended
Apr. 04, 2020
Debt Disclosure [Abstract]  
Summary of Long-Term Debt
A summary of long-term debt, net of unamortized debt issuance costs and unamortized original issue premium (discount), and the related weighted average interest rates is shown below (in millions):
 
April 4, 2020
Debt Instrument
Long-Term Debt
 
Unamortized Debt Issuance Costs
 
Unamortized Original Issue Premium (Discount)
 
Long-Term
Debt, Net
 
Weighted
Average
Interest
Rate
Credit Agreement — Term Loan Facility
$
231.2

 
$
(0.9
)
 
$
—

 
$
230.3

 
2.12%
3.8% Senior Notes due 2027 (the "2027 Notes")
750.0

 
(4.5
)
 
(3.9
)
 
741.6

 
3.885%
4.25% Senior Notes due 2029 (the "2029 Notes")
375.0

 
(2.8
)
 
(1.1
)
 
371.1

 
4.288%
3.5% Senior Notes due 2030 (the "2030 Notes")
350.0

 
(2.8
)
 
(0.8
)
 
346.4

 
3.525%
5.25% Senior Notes due 2049 (the "2049 Notes")
625.0

 
(6.4
)
 
14.5

 
633.1

 
5.103%
 
$
2,331.2

 
$
(17.4
)
 
$
8.7

 
$
2,322.5

 
 
Less — Current portion
 
 
 
 
 
 
(15.7
)
 
 
Long-term debt
 
 
 
 
 
 
$
2,306.8

 
 
 
December 31, 2019
Debt Instrument
Long-Term Debt
 
Unamortized Debt Issuance Costs
 
Unamortized Original Issue Discount
 
Long-Term
Debt, Net
 
Weighted
Average
Interest
Rate
Credit Agreement — Term Loan Facility
$
234.4

 
$
(1.0
)
 
$
—

 
$
233.4

 
2.88%
5.25% Senior Notes due 2025 (the "2025 Notes")
650.0

 
(4.2
)
 
—

 
645.8

 
5.25%
2027 Notes
750.0

 
(4.7
)
 
(4.1
)
 
741.2

 
3.885%
2029 Notes
375.0

 
(2.9
)
 
(1.1
)
 
371.0

 
4.288%
2049 Notes issued 2019
325.0

 
(3.3
)
 
(5.3
)
 
316.4

 
5.363%
 
$
2,334.4

 
$
(16.1
)
 
$
(10.5
)
 
2,307.8

 
 
Less — Current portion
 
 
 
 
 
 
(14.1
)
 
 
Long-term debt
 
 
 
 
 
 
$
2,293.7

 
 

Senior Notes
The issuance, maturity and interest payment dates of the Company's senior unsecured 2027 Notes, 2029 Notes, 2030 Notes and 2049 Notes (together, the "Notes") are shown below:
Note
Issuance Date(s)
Maturity Date
Interest Payment Dates
2027 Notes
August 2017
September 15, 2027
March 15 and September 15
2029 Notes
May 2019
May 15, 2029
May 15 and November 15
2030 Notes
February 2020
May 30, 2030
May 30 and November 30
2049 Notes
May 2019 and February 2020
May 15, 2049
May 15 and November 15
Credit Agreement Interest Rate Ranges The range and the rate as of April 4, 2020, are shown below (in percentages):
 
 
Eurocurrency Rate
 
Base Rate
 
 
 
 
 
 
Rate as of
 
 
 
 
 
Rate as of
 
 
Minimum
 
Maximum
 
April 4, 2020
 
Minimum
 
Maximum
 
April 4, 2020
Revolving Credit Facility
 
1.00
%
 
1.60
%
 
1.10
%
 
0.00
%
 
0.60
%
 
0.10
%
Term Loan Facility
 
1.125
%
 
1.90
%
 
1.25
%
 
0.125
%
 
0.90
%
 
0.25
%