Debt and Revolving Facility (Tables)

3 Months Ended

Apr. 01, 2023

Debt Disclosure [Abstract]

Schedule of Debt

The Company’s total debt as of April 1, 2023 and December 31, 2022 consisted of the following:

	April 1, 2023		December 31, 2022
	(In millions)
2.95% Senior Notes Due 2024 (2.95% Notes)	$	750	$	750
2.125% Convertible Senior Notes Due 2026 (2.125% Notes)	—		1
2.375% Senior Notes Due 2030 (2.375% Notes)	750		750
3.924% Senior Notes Due 2032 (3.924% Notes)	500		500
4.393% Senior Notes Due 2052 (4.393% Notes)	500		500
Total debt (principal amount)	2,500		2,501
Unamortized debt discount and issuance costs	(33)		(34)
Total long-term debt	$	2,467	$	2,467

Schedule of Maturities of Long-term Debt

Future Debt Payment Obligations

As of April 1, 2023, the Company’s future principal debt payment obligations were as follows:

Fiscal Year	(In millions)
Remainder of 2023	$	—
2024	750
2025	—
2026	—
2027	—
2028 and thereafter	1,750
Total	$	2,500