Accrued Liabilities, Commitments and Contingencies (Tables)

9 Months Ended

Oct. 01, 2022

Commitments and Contingencies Disclosure [Abstract]

Schedule of Components of Accrued Liabilities

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

	October 1, 2022		December 31, 2021
Settlement and related costs	$	180	$	—
Payroll and benefits	86		96
Incentive compensation	78		155
Warranty	27		26
Customer rebates	44		51
Leases	35		33
Unremitted cash collections due to banks on factored accounts receivable	113		141
Short-term interest rate swaps	—		15
Freight and duty	40		45
Other	72		77
Accrued liabilities	$	675	$	639

Schedule of Accrued Warranty Obligations

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

	Nine Months Ended
	October 1, 2022		October 2, 2021
Balance at the beginning of the period	$	26	$	24
Warranty expense	23		25
Warranties fulfilled	(22)		(23)
Balance at the end of the period	$	27	$	26