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Accrued Liabilities, Commitments and Contingencies (Tables) | 12 Months Ended
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Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract] |
Schedule of Components of Accrued Liabilities | The components of Accrued liabilities are as follows (in millions):
| December 31,
| 2021 |  | 2020
Accrued payroll and benefits | $ | 96 |  |  | $ | 87 |
Accrued incentive compensation | 155 |  |  | 65 |
Accrued warranty | 26 |  |  | 24 |
Customer reserves | 51 |  |  | 56 |
Current portion of lease liabilities | 33 |  |  | 30 |
Unremitted cash collections due to banks on factored accounts receivable | 141 |  |  | 142 |
Forward contract liabilities | — |  |  | 37 |
Short-term interest rate swaps | 15 |  |  | 17 |
Accrued freight and duty | 45 |  |  | 21 |
Other accrued expenses | 77 |  |  | 80 |
Accrued liabilities | $ | 639 |  |  | $ | 559 |
Schedule of Accrued Warranty Obligations | The following table is a summary of the Company’s accrued warranty obligations (in millions):
| Year Ended December 31,
Warranty Reserve | 2021 |  | 2020 |  | 2019
Balance at the beginning of the year | $ | 24 |  |  | $ | 21 |  |  | $ | 22 |
Warranty expense | 33 |  |  | 30 |  |  | 25 |
Warranties fulfilled | (31) |  |  | (27) |  |  | (26) |
Balance at the end of the year | $ | 26 |  |  | $ | 24 |  |  | $ | 21 |
Schedule Commitment Maturity | In the fourth quarter of 2021, we entered into certain multi-year inventory and service-related purchase commitments which contain minimum purchase requirements and are non-cancellable. Long-term commitments under these contracts are as follows (in millions):
2022 |  | $ | 97 |
2023 |  | 109 |
2024 |  | 107 |
2025 |  | 23 |
2026 |  | 24 |
Thereafter |  | — |
Total |  | $ | 360 |

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- Definition Tabular disclosure of contractual obligation by timing of payment due. Includes, but is not limited to, long-term debt obligation, lease obligation, and purchase obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 303 -Paragraph (a) -Subparagraph (5) + Details
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- Definition Tabular disclosure of the changes in the guarantor's aggregate product warranty liability, including the beginning balance of the aggregate product warranty liability, the aggregate reductions in that liability for payments made (in cash or in kind) under the warranty, the aggregate changes in the liability for accruals related to product warranties issued during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), and the ending balance of the aggregate product warranty liability. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=123368208&loc=d3e12565-110249 + Details
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