Long-Term Debt (Tables)

3 Months Ended

Apr. 01, 2017

Debt Disclosure [Abstract]

Summary of Carrying Value of Debt

The following table summarizes the carrying value of the Company’s long-term debt (in millions):

	April 1, 2017			December 31, 2016
Senior Notes	$	1,050		$	1,050
Term Loan	1,573			1,653
Less: Debt Issuance Costs	(20		)	(22		)
Less: Unamortized Discounts	(30		)	(33		)
Total outstanding debt	$	2,573		$	2,648

Schedule of Future Maturities of Long-term Debt

At April 1, 2017, the future maturities of long-term debt, excluding debt discounts and issuance costs, consisted of the following (in millions):

2017	$	—
2018	—
2019	—
2020	—
2021	1,573
Thereafter	1,050
Total maturities of long-term debt	$	2,623