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Accrued Liabilities, Commitments and Contingencies (Tables) | 3 Months Ended
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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 |

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- Definition Tabular disclosure of the components of accrued liabilities. + References No definition available. + 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://www.xbrl.org/2003/role/disclosureRef -Topic 460 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482425/460-10-50-8 + Details
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