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Sales of Receivables
6 Months Ended
Jul. 02, 2022
Receivables [Abstract]  
Sales of Receivables Sales of Receivables
Sales of Receivables
The following table summarizes the proceeds received from sales of accounts receivable and long-term receivables for the three and six months ended July 2, 2022 and July 3, 2021: 
 Three Months EndedSix Months Ended
July 2, 2022July 3, 2021July 2, 2022July 3, 2021
Contract-specific discounting facility$ $36 $49 $107 
Accounts receivable sales proceeds40 62 
Long-term receivables sales proceeds5 30 22 84 
Total proceeds from receivable sales$45 $74 $133 $199 
At July 2, 2022, the Company had retained servicing obligations for $875 million of long-term receivables, compared to $940 million at December 31, 2021. Servicing obligations are limited to collection activities related to the sales of accounts receivables and long-term receivables. The Company had outstanding commitments to provide long-term financing to third parties totaling $102 million at July 2, 2022, compared to $56 million at December 31, 2021.
During the six months ended July 2, 2022, the Company completed its final draw against a cost-efficient receivables discounting facility, implemented in 2020 to neutralize the impact of increased payment terms under a renegotiated and extended long-term contract in Europe. The proceeds of the Company's receivable sales are included in Operating activities within the Company's Condensed Consolidated Statements of Cash Flows.