Kontoor Brands, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cover
- Cover
- Audit Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
Notes Tables
Notes Details
Uncategorized
- Uncategorized Items - ktb-20220101.htm

SHORT-TERM BORROWINGS AND LONG-TERM DEBT - Credit Facilities (Details)

v3.22.0.1

SHORT-TERM BORROWINGS AND LONG-TERM DEBT - Credit Facilities (Details)			12 Months Ended
	Nov. 18, 2021 USD ($)	May 17, 2019 USD ($)	Jan. 01, 2022 USD ($) election	Jan. 02, 2021 USD ($)	Dec. 28, 2019 USD ($)
Debt Instrument [Line Items]
Line of credit facility, amount outstanding		$ 1,550,000,000
Repayments of term loans			$ 523,000,000	$ 0	$ 127,000,000
Total long-term debt			$ 791,317,000	912,957,000
Debt instrument, leverage ratio, number of elections to increase the limit (up to) \| election			2
Maximum
Debt Instrument [Line Items]
Leverage ratio			4.50
Debt instrument, leverage ratio, limit increase			5.00
Minimum
Debt Instrument [Line Items]
Debt instrument, interest coverage ratio			3.00
Revolving Credit Facility
Debt Instrument [Line Items]
Debt instrument, term	5 years	5 years
Debt capacity	$ 500,000,000	$ 500,000,000
Total long-term debt			$ 0	0
Remaining borrowing capacity			486,900,000
Letter of Credit
Debt Instrument [Line Items]
Debt capacity			75,000,000
Long-term line of credit			13,100,000
Term Loan
Debt Instrument [Line Items]
Cash	7,600,000
4.125% Notes, due 2029 \| Senior Notes
Debt Instrument [Line Items]
Debt instrument, face amount	$ 400,000,000
Total long-term debt			$ 393,890,000	0
Amended Credit Agreement \| Federal Funds Rate
Debt Instrument [Line Items]
Basis spread on variable rate			0.50%
Amended Credit Agreement \| Eurocurrency
Debt Instrument [Line Items]
Basis spread on variable rate			1.00%
Term Loan A \| Term Loan
Debt Instrument [Line Items]
Debt instrument, term	5 years	5 years
Debt capacity	$ 400,000,000	$ 750,000,000
Repayments of term loans	265,000,000
Total long-term debt			$ 397,427,000	694,241,000
Term Loan B \| Term Loan
Debt Instrument [Line Items]
Debt instrument, term		7 years
Debt capacity		$ 300,000,000
Repayments of term loans	$ 133,000,000
Total long-term debt			$ 0	$ 218,716,000

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Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Excludes cash and cash equivalents within disposal group and discontinued operation.

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Percentage points added to the reference rate to compute the variable rate on the debt instrument.

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Face (par) amount of debt instrument at time of issuance.

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Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.

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Fair value of the amount outstanding under the credit facility.

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Amount of borrowing capacity currently available under the credit facility (current borrowing capacity less the amount of borrowings outstanding).

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The carrying value as of the balance sheet date of the current portion 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.

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Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.

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