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Accrued Liabilities, Commitments and Contingencies
 3 Months Ended
Mar. 30, 2024
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):
March 30,
2024		December 31,
2023
Unremitted cash collections due to banks on factored accounts receivable$121 $112 
Payroll and benefits61 83 
Incentive compensation61 47 
Current portion of lease liabilities41 42 
Customer rebates37 40 
Warranty27 27 
Short-term interest rate swaps13 12 
Freight and duty12 10 
Exit and restructuring12 22 
Settlement— 45 
Other52 64 
Accrued liabilities$437 $504 

Warranties
The following table is a summary of the Company’s accrued warranty obligations (in millions):
 Three Months Ended
 March 30,
2024		April 1,
2023
Balance at the beginning of the period$27 $26 
Warranty expense7 7 
Warranties fulfilled(7)(7)
Balance at the end of the period$27 $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.