Accrued Liabilities, Commitments and Contingencies (Tables)

6 Months Ended

Jul. 02, 2022

Commitments and Contingencies Disclosure [Abstract]

Schedule of Components of Accrued Liabilities

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

	July 2, 2022		December 31, 2021
Settlement and related costs	$	185	$	—
Payroll and benefits	116		96
Incentive compensation	64		155
Warranty	26		26
Customer rebates	49		51
Leases	39		33
Unremitted cash collections due to banks on factored accounts receivable	113		141
Short-term interest rate swaps	—		15
Freight and duty	45		45
Other	77		77
Accrued liabilities	$	714	$	639

Schedule of Accrued Warranty Obligations

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

	Six Months Ended
	July 2, 2022		July 3, 2021
Balance at the beginning of the period	$	26	$	24
Warranty expense	15		16
Warranties fulfilled	(15)		(15)
Balance at the end of the period	$	26	$	25