v3.22.2.2
FINANCING AND CAPITAL - Narrative (Details)
shares in Millions
3 Months Ended 9 Months Ended
Oct. 18, 2022
USD ($)
extension
Jun. 28, 2022
USD ($)
Jun. 21, 2022
Jun. 17, 2022
USD ($)
Feb. 15, 2022
USD ($)
Feb. 09, 2021
USD ($)
Feb. 22, 2019
USD ($)
Sep. 30, 2022
USD ($)
Oct. 01, 2021
USD ($)
Apr. 02, 2021
USD ($)
Sep. 30, 2022
USD ($)
Oct. 01, 2021
USD ($)
Jul. 01, 2022
JPY (¥)
Jul. 01, 2022
EUR (€)
Jan. 01, 2022
Dec. 31, 2021
USD ($)
Jan. 19, 2021
USD ($)
shares
Debt Instrument [Line Items]                                  
Debt discounts, premiums and issuance costs               $ 8,100,000     $ 8,100,000         $ 13,000,000  
Principal amount                                 $ 1,100,000,000
Carrying value               3,558,900,000     3,558,900,000         3,959,000,000  
Loss on extinguishment of debt               0 $ 0   0 $ 104,900,000          
Repayments of convertible debt                     1,156,500,000 0          
Interest expense               26,400,000 $ 25,100,000   $ 66,200,000 78,000,000.0          
Vontier                                  
Debt Instrument [Line Items]                                  
Investment balance (in shares) | shares                                 33.5
Gain on investment in Vontier Corporation                   $ 57,000,000              
Yen Term Loan                                  
Debt Instrument [Line Items]                                  
Debt term       3 years                          
Principal amount | ¥                         ¥ 14,400,000,000        
Net proceeds yielded       $ 107,000,000                          
Yen Term Loan | Tokyo Term Risk Free Rate                                  
Debt Instrument [Line Items]                                  
Basis spread on variable interest rate       0.65%                          
Euro Term Loan                                  
Debt Instrument [Line Items]                                  
Debt term     3 years                            
Principal amount | €                           € 275,000,000      
Net proceeds yielded   $ 290,000,000                              
Euro Term Loan | Euro Interbank Offered Rate                                  
Debt Instrument [Line Items]                                  
Basis spread on variable interest rate   0.55%                              
Revolving Credit Facility                                  
Debt Instrument [Line Items]                                  
Debt term                     5 years            
Maximum borrowing capacity               2,000,000,000     $ 2,000,000,000            
Outstanding borrowings               $ 0     0            
Revolving Credit Facility | Subsequent Event                                  
Debt Instrument [Line Items]                                  
Maximum borrowing capacity $ 1,000,000,000                                
Number of extension options | extension 2                                
Extension period 1 year                                
Increase or decrease in interest rate (as a percent) 0.04%                                
Increase or decrease in facility fee (as a percent) 0.01%                                
Maximum impact on increase or decrease in interest rate (as a percent) 0.05%                                
Maximum consolidated net leverage ratio of debt to consolidated EBITDA 3.5                                
Maximum consolidated net leverage ratio increase for four consecutive full quarters 4.0                                
Debt covenant, purchase price of business $ 250,000,000                                
Revolving Credit Facility | Maximum | Subsequent Event                                  
Debt Instrument [Line Items]                                  
Annual facility fee (as a percent) 0.15%                                
Revolving Credit Facility | Minimum | Subsequent Event                                  
Debt Instrument [Line Items]                                  
Annual facility fee (as a percent) 0.065%                                
Revolving Credit Facility | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Subsequent Event | Debt Instrument, Interest Rate, Option One                                  
Debt Instrument [Line Items]                                  
Basis spread on variable interest rate 0.10%                                
Revolving Credit Facility | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Subsequent Event | Debt Instrument, Interest Rate, Option Two                                  
Debt Instrument [Line Items]                                  
Basis spread on variable interest rate 1.00%                                
Revolving Credit Facility | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Maximum | Subsequent Event | Debt Instrument, Interest Rate, Option One                                  
Debt Instrument [Line Items]                                  
Basis spread on variable interest rate 1.10%                                
Revolving Credit Facility | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Maximum | Subsequent Event | Debt Instrument, Interest Rate, Option Two                                  
Debt Instrument [Line Items]                                  
Basis spread on variable interest rate 0.10%                                
Revolving Credit Facility | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Minimum | Subsequent Event | Debt Instrument, Interest Rate, Option One                                  
Debt Instrument [Line Items]                                  
Basis spread on variable interest rate 0.685%                                
Revolving Credit Facility | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Minimum | Subsequent Event | Debt Instrument, Interest Rate, Option Two                                  
Debt Instrument [Line Items]                                  
Basis spread on variable interest rate 0.00%                                
Revolving Credit Facility | Fed Funds Effective Rate Overnight Index Swap Rate | Subsequent Event | Debt Instrument, Interest Rate, Option Two                                  
Debt Instrument [Line Items]                                  
Basis spread on variable interest rate 0.50%                                
Line of Credit                                  
Debt Instrument [Line Items]                                  
Loss on extinguishment of debt                       94,400,000          
Additional Paid-In Capital                                  
Debt Instrument [Line Items]                                  
Early extinguishment of 0.875% convertible senior notes due 2022           $ 11,600,000       $ (11,600,000)              
Convertible Debt                                  
Debt Instrument [Line Items]                                  
Loss on extinguishment of debt                       $ 10,500,000          
Interest expense                     $ 2,100,000            
Convertible Debt | 0.875% senior convertible notes due 2022                                  
Debt Instrument [Line Items]                                  
Proceeds from the issuance of convertible notes             $ 1,400,000,000                    
Interest rate, stated percentage             0.875% 0.875% 0.875% 0.875% 0.875% 0.875%     0.875%    
Carrying value             $ 1,300,000,000 $ 0     $ 0         1,152,000,000  
Discount at issuance             $ 102,200,000                    
Effective interest rate             3.38%                    
Debt issuance costs             $ 24,300,000                    
Debt instrument, repurchased face amount           $ 281,000,000                      
Repayments of convertible debt         $ 1,200,000,000                        
Interest expense                 $ 11,100,000     $ 34,500,000          
Interest expense, debt                 2,500,000   1,300,000 7,900,000          
Amortization of debt issuance costs                 1,500,000   $ 800,000 4,700,000          
Amortization of debt discount                 $ 7,100,000     $ 21,900,000          
Convertible Debt | Senior Unsecured Notes due 2022, Over-Allotment Option                                  
Debt Instrument [Line Items]                                  
Principal amount             $ 187,500,000                    
Commercial Paper | U.S. dollar-denominated commercial paper                                  
Debt Instrument [Line Items]                                  
Debt term                     29 days            
Carrying value               $ 747,300,000     $ 747,300,000         $ 364,900,000  
Effective interest rate               3.19%     3.19%            
Commercial Paper | U.S. dollar-denominated commercial paper | Maximum                                  
Debt Instrument [Line Items]                                  
Debt term                     397 days            
Commercial Paper | Euro-denominated commercial paper | Maximum                                  
Debt Instrument [Line Items]                                  
Debt term                     183 days            
Unsecured Debt | Delayed-Draw Term Loan Due 2023 | Subsequent Event | Unsecured Debt                                  
Debt Instrument [Line Items]                                  
Principal amount $ 1,000,000,000                                
Unsecured Debt | Delayed-Draw Term Loan Due 2023 | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Subsequent Event | Unsecured Debt                                  
Debt Instrument [Line Items]                                  
Basis spread on variable interest rate 0.825%                                
Credit spread adjustment (as a percent) 0.10%