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Long-Term Debt (Tables)
9 Months Ended
Oct. 01, 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):
October 1,
2022
December 31,
2021
Term Loan A$1,739 $888 
Revolving Credit Facility248 — 
Receivables Financing Facilities183 108 
Total debt$2,170 $996 
Less: Debt issuance costs(4)(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 October 1, 2022, the future maturities of debt are as follows (in millions):
2022 (remaining 3 months)$11 
2023144 
2024127 
202566 
202687 
Thereafter1,735 
Total future debt maturities$2,170