XML 103 R33.htm IDEA: XBRL DOCUMENT
v3.23.2

Long-Term Debt (Tables) | 6 Months Ended
--- | ---
Jul. 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):
| July 1, 2023 |  | December 31, 2022
Term Loan A | $ | 1,684 |  |  | $ | 1,728 |
Revolving Credit Facility | 388 |  |  | 50 |
Receivables Financing Facilities | 144 |  |  | 254 |
Total debt | $ | 2,216 |  |  | $ | 2,032 |
Less: Debt issuance costs | (4) |  |  | (4) |
Less: Unamortized discounts | (4) |  |  | (5) |
Less: Current portion of debt | (166) |  |  | (214) |
Total long-term debt | $ | 2,042 |  |  | $ | 1,809 |
Schedule of Future Maturities of Long-term Debt | As of July 1, 2023, the future maturities of debt are as follows (in millions):
2023 (6 months remaining) |  | $ | — |
2024 |  | 188 |
2025 |  | 66 |
2026 |  | 88 |
2027 |  | 1,874 |
Total future maturities of debt |  | $ | 2,216 |

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 470 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481544/470-10-50-1 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration