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Long-Term Debt (Tables)

6 Months Ended

Jun. 29, 2024

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):

			June 29, 2024						December 31, 2023
Term Loan A			$	1,575					$	1,684
Senior Notes			500						—
Revolving Credit Facility			—						413
Receivables Financing Facilities			108						129
Total debt			$	2,183					$	2,226
Less: Debt issuance costs			(11)						(2)
Less: Unamortized discounts			(3)						(4)
Less: Current portion of debt			(89)						(173)
Total long-term debt			$	2,080					$	2,047

Schedule of Future Maturities of Long-term Debt

As of June 29, 2024, the future maturities of debt are as follows (in millions):

2024 (6 months remaining)						$	89
2025						—
2026						88
2027						1,506
2028						—
Thereafter						500
Total future maturities of debt						$	2,183

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- References

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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

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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
-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

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