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Long-Term Debt (Tables)
 6 Months Ended
Jul. 02, 2022
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):
July 2,
2022		December 31,
2021
Term Loan A$1,750 $888 
Revolving Credit Facility235 — 
Receivables Financing Facilities186 108 
Total debt$2,171 $996 
Less: Debt issuance costs(5)(3)
Less: Unamortized discounts(5)(2)
Less: Current portion of debt(144)(69)
Total long-term debt$2,017 $922 
Schedule of Future Maturities of Long-term Debt
As of July 2, 2022, the future maturities of debt are as follows (in millions):
2022 (remaining 6 months)$122 
202344 
2024129 
202566 
202688 
Thereafter1,722 
Total future debt maturities$2,171