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LONG-TERM DEBT (Details) - USD ($) |  | 3 Months Ended | 6 Months Ended |  |
--- | --- | --- | --- | --- | ---
Apr. 11, 2022 | Jul. 02, 2022 | Jul. 03, 2021 | Jul. 02, 2022 | Jul. 03, 2021 | Apr. 04, 2022 | Jan. 01, 2022
Debt Instrument [Line Items] |  |  |  |  |  |  |
Total long-term debt, net |  | $ 616,275,000 | $ 990,437,000 | $ 616,275,000 | $ 990,437,000 |  | $ 991,370,000
Loss on extinguishment of debt |  | 19,940,000 | 0 | 19,940,000 | 0 |  |
Outstanding letters of credit |  | $ 3,600,000 |  | 3,600,000 |  |  |
Springing maturity date provision amount | $ 250,000,000 |  |  |  |  |  |
Line of Credit Facility, Commitment Fee Percentage | 0.20% |  |  |  |  |  |
Premiums paid to extinguish debt |  |  |  | $ 15,678,000 | 0 |  |
Maximum |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Line of Credit Facility, Commitment Fee Percentage | 0.25% |  |  |  |  |  |
Minimum |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Line of Credit Facility, Commitment Fee Percentage | 0.15% |  |  |  |  |  |
Secured Overnight Financing Rate (SOFR) [Member] |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Interest rate | 1.375% | 1.375% |  | 1.375% |  |  |
Amendment No. 4 |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
bank fees and other third-party expenses |  | $ 2,400,000 |  | $ 2,400,000 |  |  |
U.S Dollar Credit Facility - Amendment No.4 | Secured Overnight Financing Rate (SOFR) [Member] |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Effective interest rate (as a percentage) |  | 2.95% |  | 2.95% |  |  |
Total senior notes |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Senior notes, gross |  | $ 500,000,000 | 1,000,000,000 | $ 500,000,000 | 1,000,000,000 |  | 1,000,000,000
Less unamortized issuance-related costs for senior notes |  | (3,725,000) | (9,563,000) | (3,725,000) | (9,563,000) |  | (8,630,000)
Senior notes, net |  | 496,275,000 | 990,437,000 | 496,275,000 | 990,437,000 |  | 991,370,000
Secured revolving credit facility |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Secured revolving credit facility |  | 120,000,000 | 0 | 120,000,000 | 0 |  | 0
Remaining borrowing capacity |  | $ 726,400,000 |  | $ 726,400,000 |  |  |
Secured revolving credit facility | Base Rate |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Interest rate | 0.375% | 0.375% |  | 0.375% |  |  |
Secured revolving credit facility | Amendment No. 4 |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Maximum borrowing capacity | $ 850,000,000 |  |  |  |  |  |
Secured revolving credit facility | Amendment No. 3 |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Maximum borrowing capacity | 750,000,000 |  |  |  |  |  |
Secured revolving credit facility | U.S Dollar Credit Facility - Amendment No.4 |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Maximum borrowing capacity | 750,000,000 |  |  |  |  |  |
Secured revolving credit facility | U.S. Dollar Credit Facility - Amendment No.3 |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Maximum borrowing capacity | $ 650,000,000 |  |  |  |  |  |
Secured revolving credit facility | Multicurrency Revolving Credit Facility |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Secured revolving credit facility |  | $ 0 |  | $ 0 |  |  |
Maximum borrowing capacity |  | 100,000,000 |  | $ 100,000,000 |  |  |
5.500% Senior Notes due 2025 |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Interest rate |  |  |  |  |  | 5.50% |
Loss on extinguishment of debt |  | 19,900,000 |  |  |  |  |
Applicable premium |  | (15,700,000) |  |  |  |  |
Write off of Deferred Debt Issuance Cost |  | $ 4,300,000 |  |  |  |  |
5.500% Senior Notes due 2025 | Senior Notes |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Interest rate |  | 5.50% |  | 5.50% |  |  |
Senior notes, gross |  | $ 0 | 500,000,000 | $ 0 | 500,000,000 | $ 500,000,000 | 500,000,000
5.625% Senior Notes due 2027 | Senior Notes |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Interest rate |  | 5.625% |  | 5.625% |  |  |
Senior notes, gross |  | $ 500,000,000 | $ 500,000,000 | $ 500,000,000 | $ 500,000,000 |  | $ 500,000,000
Secured revolving credit facility | Secured Overnight Financing Rate (SOFR) [Member] | Maximum |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Basis spread on variable rate | 162.50% |  |  |  |  |  |
Secured revolving credit facility | Secured Overnight Financing Rate (SOFR) [Member] | Minimum |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Basis spread on variable rate | 1.125% |  |  |  |  |  |
Secured revolving credit facility | Base Rate | Maximum |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Basis spread on variable rate | 62.50% |  |  |  |  |  |
Secured revolving credit facility | Base Rate | Minimum |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Basis spread on variable rate | 0.125% |  |  |  |  |  |

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- Definition Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 4 -Subparagraph (b)(1) -URI http://asc.fasb.org/extlink&oid=123466204&loc=SL6031897-161870 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(16)) -URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 + Details
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- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(16)) -URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910 + Details
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