Long-Term Debt (Tables)

6 Months Ended

Jul. 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):

	July 1, 2017			December 31, 2016
Senior Notes	$	1,050		$	1,050
Term Loan	1,413			1,653
Less: Debt Issuance Costs	(20		)	(22		)
Less: Unamortized Discounts	(25		)	(33		)
Total outstanding debt	$	2,418		$	2,648

Schedule of Future Maturities of Long-term Debt

At July 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	1,413
Thereafter	1,050
Total maturities of long-term debt	$	2,463