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Debt (Tables)

9 Months Ended

Oct. 03, 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):

		October 3, 2020
						Unamortized				Unamortized								Weighted
		Long-Term				Debt				Original Issue				Long-Term				Average
Debt Instrument		Debt				Issuance Costs				Premium (Discount)				Debt, Net				Interest Rate
Credit Agreement — Term Loan Facility		$	225.0			$	(0.7	)		$	-			$	224.3			1.360%
3.8% Senior Notes due 2027 (the "2027 Notes")			750.0				(4.2	)			(3.7	)			742.1			3.885%
4.25% Senior Notes due 2029 (the "2029 Notes")			375.0				(2.7	)			(1.0	)			371.3			4.288%
3.5% Senior Notes due 2030 (the "2030 Notes")			350.0				(2.7	)			(0.7	)			346.6			3.525%
5.25% Senior Notes due 2049 (the "2049 Notes")			625.0				(6.3	)			14.3				633.0			5.103%
Other			1.4				-				-				1.4			N/A
		$	2,326.4			$	(16.6	)		$	8.9				2,318.7
Less — Current portion															(18.9	)
Long-term debt														$	2,299.8

		December 31, 2019
						Unamortized				Unamortized								Weighted
		Long-Term				Debt				Original Issue				Long-Term				Average
Debt Instrument		Debt				Issuance Costs				Discount				Debt, Net				Interest Rate
Credit Agreement — Term Loan Facility		$	234.4			$	(1.0	)		$	-			$	233.4			2.880%
5.25% Senior Notes due 2025 (the "2025 Notes")			650.0				(4.2	)			-				645.8			5.250%
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 October 3, 2020, are shown below (in percentages):

		Eurocurrency Rate												Base Rate
										Rate as of												Rate as of
		Minimum				Maximum				October 3, 2020				Minimum				Maximum				October 3, 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	%

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Schedule Of Long-Term Debt Instruments, Interest Rates [Table Text Block]

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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