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Debt (Tables)

9 Months Ended

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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