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Debt (Tables) | 9 Months Ended
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Oct. 02, 2022
Debt Disclosure [Abstract] |
Schedule of Debt | Details of the Company's debt at October 2, 2022 and December 31, 2021 are as follows:
| October 2, 2022 |  | December 31, 2021
Commercial paper | $ | 285,000 |  |  | $ | 349,000 |
Syndicated term loan due February 2025 | 299,602 |  |  | — |
1.800% notes due February 2025 | 398,168 |  |  | — |
2.250% notes due February 2027 | 297,780 |  |  | — |
2.850% notes due February 2032 | 495,132 |  |  | — |
3.125% notes due May 2030 | 595,771 |  |  | 595,342 |
5.750% notes due November 2040 | 536,206 |  |  | 536,182 |
Other foreign denominated debt | 32,478 |  |  | 55,432 |
Finance lease obligations | 103,027 |  |  | 60,282 |
Other debt | 96,866 |  |  | 14,425 |
Total debt | $ | 3,140,030 |  |  | $ | 1,610,663 |
Less current portion and short-term notes | 416,929 |  |  | 411,557 |
Long-term debt | $ | 2,723,101 |  |  | $ | 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. These 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 |  |  |  |  |
Schedule of Debt Repurchased | Upon expiration of the tender offer on May 25, 2021, the Company repurchased 10.53% of its outstanding 5.750% notes for a total cash cost of $81,961, as shown below:
|  | Principal Amount Tendered | Premium and Other Amounts Paid | Total Cash Paid
5.750% notes due November 2040 |  | $ | 63,206 |  | $ | 18,755 |  | $ | 81,961 |

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