Accrued Liabilities, Commitments and Contingencies (Tables)

6 Months Ended

Jul. 01, 2023

Commitments and Contingencies Disclosure [Abstract]

Schedule of Components of Accrued Liabilities

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

	July 1, 2023		December 31, 2022
Settlement	$	135	$	180
Unremitted cash collections due to banks on factored accounts receivable	103		130
Payroll and benefits	88		90
Customer rebates	42		55
Leases	39		37
Incentive compensation	29		100
Warranty	25		26
Foreign exchange contracts	15		19
Short-term interest rate swaps	14		—
Freight and duty	12		19
Other	81		88
Accrued liabilities	$	583	$	744

Schedule of Accrued Warranty Obligations

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

	Six Months Ended
	July 1, 2023		July 2, 2022
Balance at the beginning of the period	$	26	$	26
Warranty expense	13		15
Warranties fulfilled	(14)		(15)
Balance at the end of the period	$	25	$	26