Long-Term Debt (Tables)

9 Months Ended

Sep. 28, 2019

Debt Disclosure [Abstract]

Summary of Carrying Value of Long-term Debt

The following table shows the carrying value of the Company’s debt (in millions):

	September 28, 2019			December 31, 2018
Term Loan A	$	1,000		$	608
Term Loan B	—			445
Revolving Credit Facility	292			408
Receivables Financing Facilities	236			139
Total debt	$	1,528		$	1,600
Less: Debt issuance costs	(6		)	(5		)
Less: Unamortized discounts	(3		)	(4		)
Less: Current portion of debt	(205		)	(157		)
Total long-term debt	$	1,314		$	1,434

Schedule of Future Maturities of Long-term Debt

As of September 28, 2019, the future maturities of debt, excluding debt discounts and issuance costs, were as follows (in millions):

2019	$	80
2020	150
2021	119
2022	56
2023	81
Thereafter	1,042
Total future debt maturities	$	1,528