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Debt
 3 Months Ended
Apr. 02, 2022
Debt Disclosure [Abstract]  
Debt
(7)    Debt
Debt consisted of the following: 
Interest Rate as of April 2,
2022		Principal AmountMaturity Date
 April 2,
2022		January 1,
2022
Senior Secured Credit Facility:
Revolving Loan Facility1.69%$20,000 $— November 2026
Term Loan A1.75%993,750 1,000,000 November 2026
4.875% Senior Notes4.88%900,000 900,000 May 2026
4.625% Senior Notes4.63%900,000 900,000 May 2024
3.5% Senior Notes3.50%552,425 568,634 June 2024
Accounts Receivable Securitization Facility1.25%135,500 — June 2022
3,501,675 3,368,634 
Less long-term debt issuance costs16,133 17,543 
Less current maturities160,500 25,000 
$3,325,042 $3,326,091 
As of April 2, 2022, the Company had $975,824 of borrowing availability under the $1,000,000 Revolving Loan Facility after taking into account $20,000 of USD revolver loans and $4,176 of standby and trade letters of credit issued and outstanding under this facility.
Borrowings under the Company’s accounts receivable securitization facility (the “ARS Facility”) are permitted only to the extent that the face of the receivables in the collateral pool, net of applicable concentrations, reserves and other deductions, exceeds the outstanding loans and also subject to a quarterly fluctuating facility limit, which is not to exceed $175,000. The Company’s maximum borrowing capacity as per the fluctuating limit under the ARS Facility was $150,000 as of April 2, 2022. The Company had $14,500 of borrowing availability under the ARS Facility at April 2, 2022.
The Company had $56,056 of borrowing availability under other international credit facilities after taking into account outstanding borrowings and letters of credit outstanding under the applicable facilities at April 2, 2022.
As of April 2, 2022, the Company was in compliance with all financial covenants under its credit facilities and other outstanding indebtedness. Under the terms of its Senior Secured Credit Facility, among other financial and non-financial covenants, the Company is required to maintain a minimum interest coverage ratio and a maximum leverage ratio, each of which is defined in the Senior Secured Credit Facility. The method of calculating all the components used in the covenants is included in the Senior Secured Credit Facility.