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Debt
 3 Months Ended
Apr. 03, 2022
Debt Disclosure [Abstract]  
Debt DebtDetails of the Company's debt at April 3, 2022 and December 31, 2021 are as follows:
April 3,
2022		December 31,
2021
Commercial paper$322,000 $349,000 
Syndicated term loan due February 2025299,516 — 
1.800% notes due February 2025
397,787 — 
2.250% notes due February 2027
297,529 — 
2.850% notes due February 2032
494,876 — 
3.125% notes due May 2030
595,487 595,342 
5.750% notes due November 2040
536,190 536,182 
Other foreign denominated debt48,829 55,432 
Finance lease obligations110,077 60,282 
Other debt68,553 14,424 
Total debt$3,170,844 $1,610,662 
Less current portion and short-term notes440,698 411,557 
Long-term debt$2,730,146 $1,199,106 
On January 21, 2022, the Company completed a registered public offering of green bonds with an aggregate principal amount of $1,200,000. The unsecured notes (the "Notes") consisted of the following:
Principal AmountIssuance Costs and DiscountsNet ProceedsInterest RateMaturity
2025 Notes$400,000 $(2,356)$397,644 1.800%February 1, 2025
2027 Notes300,000 (2,565)297,435 2.250%February 1, 2027
2032 Notes500,000 (5,220)494,780 2.850%February 1, 2032
Total$1,200,000 $(10,141)$1,189,859 
The Notes are the Company’s senior unsecured obligations and rank equal in right of payment to the Company’s other senior unsecured debt from time to time outstanding. The indenture governing the Notes contains certain covenants with respect to the Company that, among other things, restrict the entry into additional secured indebtedness, sale and leaseback transactions and certain mergers, consolidations and transfers of all or substantially all of the Company’s assets. The Company used an amount equal to the net proceeds from the Notes of $1,189,859 to partially fund the acquisition of Ball Metalpack.
Also on January 21, 2022, the Company entered into a $300,000 three-year term loan facility (the "Term Loan Facility") with a syndicate of eight banks. The full $300,000 was drawn from this facility on January 26, 2022, and the proceeds used to partially fund the acquisition of Ball Metalpack. Interest is assessed at the Secured Overnight Financing Rate ("SOFR") plus a margin based on a pricing grid that uses the Company’s credit ratings. The current SOFR margin is 122.5 basis points. There is no required amortization and repayment can be accelerated at any time without penalty at the Company's discretion.