Accrued Liabilities, Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2021

Commitments and Contingencies Disclosure [Abstract]

Schedule of Components of Accrued Liabilities

The components of Accrued liabilities are as follows (in millions):

	December 31,
	2021		2020
Accrued payroll and benefits	$	96	$	87
Accrued incentive compensation	155		65
Accrued warranty	26		24
Customer reserves	51		56
Current portion of lease liabilities	33		30
Unremitted cash collections due to banks on factored accounts receivable	141		142
Forward contract liabilities	—		37
Short-term interest rate swaps	15		17
Accrued freight and duty	45		21
Other accrued expenses	77		80
Accrued liabilities	$	639	$	559

Schedule of Accrued Warranty Obligations

The following table is a summary of the Company’s accrued warranty obligations (in millions):

	Year Ended December 31,
Warranty Reserve	2021		2020		2019
Balance at the beginning of the year	$	24	$	21	$	22
Warranty expense	33		30		25
Warranties fulfilled	(31)		(27)		(26)
Balance at the end of the year	$	26	$	24	$	21

Schedule Commitment Maturity

In the fourth quarter of 2021, we entered into certain multi-year inventory and service-related purchase commitments which contain minimum purchase requirements and are non-cancellable. Long-term commitments under these contracts are as follows (in millions):

2022	$	97
2023	109
2024	107
2025	23
2026	24
Thereafter	—
Total	$	360