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Long-Term Debt (Tables) | 3 Months Ended
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Apr. 01, 2023
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):
| April 1, 2023 |  | December 31, 2022
Term Loan A | $ | 1,684 |  |  | $ | 1,728 |
Revolving Credit Facility | 215 |  |  | 50 |
Receivables Financing Facilities | 204 |  |  | 254 |
Total debt | $ | 2,103 |  |  | $ | 2,032 |
Less: Debt issuance costs | (4) |  |  | (4) |
Less: Unamortized discounts | (4) |  |  | (5) |
Less: Current portion of debt | (215) |  |  | (214) |
Total long-term debt | $ | 1,880 |  |  | $ | 1,809 |
Schedule of Future Maturities of Long-term Debt | As of April 1, 2023, the future maturities of debt are as follows (in millions):
2023 (9 months remaining) |  | $ | 121 |
2024 |  | 127 |
2025 |  | 66 |
2026 |  | 88 |
2027 |  | 1,701 |
Total future maturities of debt |  | $ | 2,103 |

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=123465755&loc=d3e1835-112601 + Details
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