Accrued Liabilities, Commitments and Contingencies (Tables)

3 Months Ended

Apr. 01, 2023

Commitments and Contingencies Disclosure [Abstract]

Schedule of Components of 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 receivable	138		130
Payroll and benefits	73		90
Customer rebates	50		55
Incentive compensation	48		100
Leases	36		37
Warranty	26		26
Foreign exchange contracts	24		19
Freight and duty	17		19
Other	79		88
Accrued liabilities	$	671	$	744

Schedule of Accrued Warranty Obligations

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 expense	7		8
Warranties fulfilled	(7)		(8)
Balance at the end of the period	$	26	$	26