Long-Term Debt (Tables)

3 Months Ended

Mar. 28, 2020

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):

	March 28, 2020			December 31, 2019
Term Loan A	$	917		$	917
Revolving Credit Facility	258			103
Receivables Financing Facilities	230			266
Total debt	$	1,405		$	1,286
Less: Debt issuance costs	(5		)	(6		)
Less: Unamortized discounts	(3		)	(3		)
Less: Current portion of debt	(230		)	(197		)
Total long-term debt	$	1,167		$	1,080

Schedule of Future Maturities of Long-term Debt

As of March 28, 2020, the future maturities of debt, excluding debt discounts and issuance costs, were as follows (in millions):

2020	$	100
2021	160
2022	56
2023	81
2024	1,008
Total future debt maturities	$	1,405