Accrued Liabilities, Commitments and Contingencies (Tables)

3 Months Ended

Apr. 02, 2022

Commitments and Contingencies Disclosure [Abstract]

Schedule of Components of 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 compensation	51		155
Accrued warranty	26		26
Customer reserves	44		51
Current portion of lease liabilities	33		33
Unremitted cash collections due to banks on factored accounts receivable	116		141
Short-term interest rate swaps	5		15
Accrued freight and duty	31		45
Other accrued expenses	73		77
Accrued liabilities	$	459	$	639

Schedule of Accrued Warranty Obligations

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 expense	8		8
Warranties fulfilled	(8)		(8)
Balance at the end of the period	$	26	$	24