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Debt (Table)

3 Months Ended

Apr. 03, 2022

Debt Disclosure [Abstract]

Schedule of Debt

Details 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 2025			299,516						—
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 debt			48,829						55,432
Finance lease obligations			110,077						60,282
Other debt			68,553						14,424
Total debt			$	3,170,844					$	1,610,662
Less current portion and short-term notes			440,698						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 Amount						Issuance Costs and Discounts						Net Proceeds						Interest Rate						Maturity
2025 Notes			$	400,000					$	(2,356)					$	397,644					1.800%						February 1, 2025
2027 Notes			300,000						(2,565)						297,435						2.250%						February 1, 2027
2032 Notes			500,000						(5,220)						494,780						2.850%						February 1, 2032
Total			$	1,200,000					$	(10,141)					$	1,189,859

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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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