Long-Term Debt (Tables)

3 Months Ended

Mar. 30, 2024

Debt Disclosure [Abstract]

Schedule of Carrying Value of Long-term Debt

The following table shows the carrying value of the Company’s debt (in millions):

	March 30, 2024		December 31, 2023
Term Loan A	$	1,641	$	1,684
Revolving Credit Facility	172		413
Receivables Financing Facilities	280		129
Total debt	$	2,093	$	2,226
Less: Debt issuance costs	(2)		(2)
Less: Unamortized discounts	(4)		(4)
Less: Current portion of debt	(272)		(173)
Total long-term debt	$	1,815	$	2,047

Schedule of Future Maturities of Long-term Debt

As of March 30, 2024, the future maturities of debt are as follows (in millions):

2024 (9 months remaining)	$	261
2025	66
2026	88
2027	1,678
Total future maturities of debt	$	2,093