Schedule of Long-term Debt Instruments |
Long-term debt consisted of the following: | | | | | | | | | | | | | | | | | | | | | Debt Type and Rate | | Maturity Date | | October 1, 2023 | | December 31, 2022 | 2.625% Notes (1) | | May 1, 2023 | | — | | | 250,000 | | 3.375% Notes (1) | | May 15, 2023 | | — | | | 500,000 | | 2.050% Notes | | November 15, 2024 | | 300,000 | | | 300,000 | | 0.900% Notes | | June 1, 2025 | | 300,000 | | | 300,000 | | 3.200% Notes | | August 21, 2025 | | 300,000 | | | 300,000 | | 2.300% Notes | | August 15, 2026 | | 500,000 | | | 500,000 | | 7.200% Debentures | | August 15, 2027 | | 193,639 | | | 193,639 | | 4.250% Notes (2) | | May 4, 2028 | | 350,000 | | | — | | 2.450% Notes | | November 15, 2029 | | 300,000 | | | 300,000 | | 1.700% Notes | | June 1, 2030 | | 350,000 | | | 350,000 | | 4.500% Notes (2) | | May 4, 2033 | | 400,000 | | | — | | 3.375% Notes | | August 15, 2046 | | 300,000 | | | 300,000 | | 3.125% Notes | | November 15, 2049 | | 400,000 | | 400,000 | 2.650% Notes | | June 1, 2050 | | 350,000 | | 350,000 | Finance lease obligations (see Note 7) | | | | 72,696 | | 73,479 | Net impact of interest rate swaps, debt issuance costs and unamortized debt discounts | | | | (22,457) | | (19,563) | Total long-term debt | | | | 4,093,878 | | | 4,097,555 | | Less—current portion | | | | 7,791 | | 753,578 | Long-term portion | | | | $ | 4,086,087 | | | $ | 3,343,977 | |
(1) In May 2023, we repaid $250,000 of 2.625% Notes and $500,000 of 3.375% Notes due upon their maturity. (2) During the second quarter of 2023, we issued $350,000 of 4.250% Notes due in May 2028 and $400,000 of 4.500% Notes due in May 2033 (the “2023 Notes”). Proceeds from the issuance of the 2023 Notes, net of discounts and issuance costs, totaled $744,092. The 2023 Notes were issued under a shelf registration on Form S-3 filed in May 2021 that registered an indeterminate amount of debt securities.
|
Schedule of Net Interest Expense |
Net interest expense consists of the following: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | | October 1, 2023 | | October 2, 2022 | | October 1, 2023 | | October 2, 2022 | Interest expense | | $ | 45,776 | | | $ | 38,520 | | | $ | 132,175 | | | $ | 109,526 | | Capitalized interest | | (3,932) | | | (2,487) | | | (10,720) | | | (6,155) | | Interest expense | | 41,844 | | | 36,033 | | | 121,455 | | | 103,371 | | Interest income | | (2,089) | | | (655) | | | (7,354) | | | (1,401) | | Interest expense, net | | $ | 39,755 | | | $ | 35,378 | | | $ | 114,101 | | | $ | 101,970 | |
|