Accrued Liabilities, Commitments and Contingencies (Tables)

3 Months Ended

Mar. 30, 2024

Commitments and Contingencies Disclosure [Abstract]

Schedule of Components of 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 benefits	61		83
Incentive compensation	61		47
Current portion of lease liabilities	41		42
Customer rebates	37		40
Warranty	27		27
Short-term interest rate swaps	13		12
Freight and duty	12		10
Exit and restructuring	12		22
Settlement	—		45
Other	52		64
Accrued liabilities	$	437	$	504

Schedule of Accrued Warranty Obligations

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 expense	7		7
Warranties fulfilled	(7)		(7)
Balance at the end of the period	$	27	$	26