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Debt (Tables) | 9 Months Ended
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Sep. 28, 2024
Debt Disclosure [Abstract] |
Schedule of Long-Term Debt and Related Weighted Average Interest Rates | 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):
|  | September 28, 2024
Debt Instrument |  | Long-Term Debt |  | Unamortized Debt Issuance Costs |  | Unamortized Original Issue Premium (Discount) |  | Long-Term Debt, Net |  | Weighted Average Interest Rate
Delayed-Draw Term Loan Facility (the "Term Loan") |  | $ | 150.0 |  |  | $ | (0.4) |  |  | $ | — |  |  | $ | 149.6 |  |  | 6.435%
3.8% Senior Notes due 2027 (the "2027 Notes") |  | 550.0 |  |  | (1.3) |  |  | (1.1) |  |  | 547.6 |  |  | 3.885%
4.25% Senior Notes due 2029 (the "2029 Notes") |  | 375.0 |  |  | (1.4) |  |  | (0.6) |  |  | 373.0 |  |  | 4.288%
3.5% Senior Notes due 2030 (the "2030 Notes") |  | 350.0 |  |  | (1.6) |  |  | (0.4) |  |  | 348.0 |  |  | 3.525%
2.6% Senior Notes due 2032 (the "2032 Notes") |  | 350.0 |  |  | (2.3) |  |  | (0.5) |  |  | 347.2 |  |  | 2.624%
5.25% Senior Notes due 2049 (the "2049 Notes") |  | 625.0 |  |  | (5.4) |  |  | 12.3 |  |  | 631.9 |  |  | 5.103%
3.55% Senior Notes due 2052 (the "2052 Notes") |  | 350.0 |  |  | (3.6) |  |  | (0.5) |  |  | 345.9 |  |  | 3.558%
Other |  | 26.9 |  |  | — |  |  | — |  |  | 26.9 |  |  | N/A
|  | $ | 2,776.9 |  |  | $ | (16.0) |  |  | $ | 9.2 |  |  | 2,770.1 |  |  |
Less — Current portion |  |  |  |  |  |  |  | (2.3) |  |  |
Long-term debt |  |  |  |  |  |  |  | $ | 2,767.8 |  |  |
|  | December 31, 2023
Debt Instrument |  | Long-Term Debt |  | Unamortized Debt Issuance Costs |  | Unamortized Original Issue Premium (Discount) |  | Long-Term Debt, Net |  | Weighted Average Interest Rate
Term Loan |  | $ | 150.0 |  |  | $ | (0.5) |  |  | $ | — |  |  | $ | 149.5 |  |  | 6.575%
2027 Notes |  | 550.0 |  |  | (1.6) |  |  | (1.4) |  |  | 547.0 |  |  | 3.885%
2029 Notes |  | 375.0 |  |  | (1.7) |  |  | (0.6) |  |  | 372.7 |  |  | 4.288%
2030 Notes |  | 350.0 |  |  | (1.8) |  |  | (0.5) |  |  | 347.7 |  |  | 3.525%
2032 Notes |  | 350.0 |  |  | (2.5) |  |  | (0.7) |  |  | 346.8 |  |  | 2.624%
2049 Notes |  | 625.0 |  |  | (5.6) |  |  | 12.6 |  |  | 632.0 |  |  | 5.103%
2052 Notes |  | 350.0 |  |  | (3.7) |  |  | (0.4) |  |  | 345.9 |  |  | 3.558%
Other |  | 1.3 |  |  | — |  |  | — |  |  | 1.3 |  |  | N/A
|  | $ | 2,751.3 |  |  | $ | (17.4) |  |  | $ | 9.0 |  |  | 2,742.9 |  |  |
Less — Current portion |  |  |  |  |  |  |  | (0.3) |  |  |
Long-term debt |  |  |  |  |  |  |  | $ | 2,742.6 |  |  |
Senior Notes The issuance, maturity and interest payment dates of the Company's senior unsecured 2027 Notes, 2029 Notes, 2030 Notes, 2032 Notes, 2049 Notes and 2052 Notes (collectively, 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
2032 Notes |  | November 2021 |  | January 15, 2032 |  | January 15 and July 15
2049 Notes |  | May 2019 and February 2020 |  | May 15, 2049 |  | May 15 and November 15
2052 Notes |  | November 2021 |  | January 15, 2052 |  | January 15 and July 15
Schedule of Credit Agreement Interest Rate Ranges | As of September 28, 2024, the ranges and rates are as follows:
|  | Term Benchmark, Central Bank Rate and RFR Loans |  | ABR and Canadian Prime Rate Loans
|  | Minimum |  | Maximum |  | Rate as of September 28, 2024 |  | Minimum |  | Maximum |  | Rate as of September 28, 2024
Credit Agreement |  | 0.925 | % |  | 1.450 | % |  | 1.125 | % |  | 0.000 | % |  | 0.450 | % |  | 0.125 | %

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