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Commitments and Contingencies
6 Months Ended
Jul. 01, 2017
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies

Note 12—Commitments and Contingencies

We are subject to various claims and legal proceedings with respect to matters such as governmental regulations and other actions arising out of the normal course of business. Management believes that the resolution of these matters will not have a material adverse effect on our financial position, results of operations, or cash flow.

We had $40.1 million in standby letters of credit outstanding as of July 1, 2017 ($42.4 million—December 31, 2016).