Commitments and Contingencies (Tables)

9 Months Ended

Sep. 28, 2024

Commitments and Contingencies Disclosure [Abstract]

Schedule of Reimbursement Agreement Liabilities

The following table summarizes information concerning the Reimbursement and Tax Matter Agreements’ liabilities:

(in millions)	Reimbursement Agreement		Tax Matters Agreement		Total
Balance as of January 1, 2024	$	652	$	97	$	749
Accruals for liabilities deemed probable and reasonably estimable	135		—		135
Payments to Honeywell	(105)		(4)		(109)
Balance as of September 28, 2024	$	682	$	93	$	775

Schedule of Reimbursement Agreement Liabilities Included in Balance Sheet Accounts

The liabilities related to the Reimbursement and Tax Matters Agreements are included in the following balance sheet accounts:

(in millions)	September 28, 2024		December 31, 2023
Accrued liabilities	$	140	$	140
Obligations payable under Indemnification Agreements	635		609
Total indemnification liabilities	$	775	$	749

Schedule of Recorded Obligations for Product Warranties and Product Performance Guarantee

The following table summarizes information concerning recorded obligations for product warranties and product performance guarantees:

	Nine Months  Ended		Twelve Months Ended
(in millions)	September 28, 2024		December 31, 2023
Beginning balance	$	34	$	48
Accruals for warranties/guarantees issued/acquired during the period	25		24
Settlement/adjustment of warranty/guarantee claims	(22)		(38)
Ending balance	$	37	$	34