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Debt and Revolving Facility (Tables) | 6 Months Ended
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Jul. 01, 2023
Debt Disclosure [Abstract] |
Schedule of Debt | The Company’s total debt as of July 1, 2023 and December 31, 2022 consisted of the following:
| July 1, 2023 |  | December 31, 2022
| (In millions)
2.95% Senior Notes Due 2024 (2.95% Notes) | $ | 750 |  |  | $ | 750 |
2.125% Convertible Senior Notes Due 2026 (2.125% Notes) | — |  |  | 1 |
2.375% Senior Notes Due 2030 (2.375% Notes) | 750 |  |  | 750 |
3.924% Senior Notes Due 2032 (3.924% Notes) | 500 |  |  | 500 |
4.393% Senior Notes Due 2052 (4.393% Notes) | 500 |  |  | 500 |
Total debt (principal amount) | 2,500 |  |  | 2,501 |
Unamortized debt premium, discount and issuance costs, net | (33) |  |  | (34) |
Total debt (net) | 2,467 |  |  | 2,467 |
Less: current portion of long-term debt (principal amount) | (750) |  |  | — |
Less: unamortized debt premium related to current portion of debt | (3) |  |  | — |
Total long-term debt | $ | 1,714 |  |  | $ | 2,467 |
Schedule of Maturities of Long-term Debt | Future Debt Payment Obligations As of July 1, 2023, the Company’s future principal debt payment obligations were as follows:
Fiscal Year | (In millions)
2024 | $ | 750 |
2028 and thereafter | 1,750 |
Total | $ | 2,500 |

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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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