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Accrued Liabilities, Commitments and Contingencies
 3 Months Ended
Apr. 02, 2022
Commitments and Contingencies Disclosure [Abstract]  
Accrued Liabilities, Commitments and Contingencies Accrued Liabilities, Commitments and Contingencies
Accrued Liabilities
The components of Accrued liabilities are as follows (in millions):
April 2,
2022		December 31,
2021
Accrued payroll and benefits$80 $96 
Accrued incentive compensation51 155 
Accrued warranty26 26 
Customer reserves44 51 
Current portion of lease liabilities33 33 
Unremitted cash collections due to banks on factored accounts receivable116 141 
Short-term interest rate swaps5 15 
Accrued freight and duty31 45 
Other accrued expenses73 77 
Accrued liabilities$459 $639 

Warranties
The following table is a summary of the Company’s accrued warranty obligations (in millions):
 Three Months Ended
 April 2,
2022		April 3,
2021
Balance at the beginning of the period$26 $24 
Warranty expense8 8 
Warranties fulfilled(8)(8)
Balance at the end of the period$26 $24 
Contingencies
The Company is subject to a variety of investigations, claims, suits, and other legal proceedings that arise from time to time in the ordinary course of business, including but not limited to, intellectual property, employment, tort, and breach of contract matters. The Company currently believes that the outcomes of such proceedings, individually and in the aggregate, will not have a material adverse impact on its business, cash flows, financial position, or results of operations. Any legal proceedings are subject to inherent uncertainties, and the Company’s view of these matters and their potential effects may change in the future.