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Long-Term Debt (Tables) | 3 Months Ended
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Mar. 29, 2025
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):
| March 29, 2025 |  | December 31, 2024
Term Loan A | $ | 1,575 |  |  | $ | 1,575 |
Senior Notes | 500 |  |  | 500 |
Receivables Financing Facilities | 108 |  |  | 108 |
Total debt | $ | 2,183 |  |  | $ | 2,183 |
Less: Debt issuance costs | (9) |  |  | (9) |
Less: Unamortized discounts | (2) |  |  | (3) |
Less: Current portion of debt | (69) |  |  | (79) |
Total long-term debt | $ | 2,103 |  |  | $ | 2,092 |
Schedule of Future Maturities of Long-term Debt | As of March 29, 2025, the future maturities of debt are as follows (in millions):
2025 (9 months remaining) |  | $ | 69 |
2026 |  | 71 |
2027 |  | 1,543 |
2028 |  | — |
2029 |  | — |
Thereafter |  | 500 |
Total future maturities of debt |  | $ | 2,183 |

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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 -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
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