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Accrued Liabilities, Commitments and Contingencies
 3 Months Ended
Apr. 01, 2023
Commitments and Contingencies Disclosure [Abstract]  
Accrued Liabilities, Commitments and Contingencies Accrued Liabilities, Commitments and Contingencies
Accrued Liabilities
The components of Accrued liabilities are as follows (in millions):
April 1,
2023		December 31,
2022
Settlement$180 $180 
Unremitted cash collections due to banks on factored accounts receivable138 130 
Payroll and benefits73 90 
Customer rebates50 55 
Incentive compensation48 100 
Leases36 37 
Warranty26 26 
Foreign exchange contracts24 19 
Freight and duty17 19 
Other79 88 
Accrued liabilities$671 $744 

Warranties
The following table is a summary of the Company’s accrued warranty obligations (in millions):
 Three Months Ended
 April 1,
2023		April 2,
2022
Balance at the beginning of the year$26 $26 
Warranty expense7 8 
Warranties fulfilled(7)(8)
Balance at the end of the period$26 $26 

Contingencies
The Company is subject to a variety of investigations, claims, suits, and other legal proceedings that arise from time to time in the ordinary course of business, including but not limited to, intellectual property, employment, tort, and breach of contract matters. The Company currently believes that the outcomes of such proceedings, individually and in the aggregate, will not have a material adverse impact on its business, cash flows, financial position, or results of operations. Any legal proceedings are subject to inherent uncertainties, and the Company’s view of these matters and their potential effects may change in the future. The Company records a liability for contingencies when a loss is deemed to be probable and the loss can be reasonably estimated.

During the second quarter of 2022, the Company entered into a License and Settlement Agreement (“Settlement”) to resolve certain patent-related litigation. The payment terms under the Settlement consist of 8 quarterly payments of $45 million that began in the second quarter of 2022. The remaining portion is payable in the next 12 months and is included within Accrued liabilities on the Consolidated Balance Sheets.