XML 29 R19.htm IDEA: XBRL DOCUMENT v3.23.2
Sales of Receivables
 6 Months Ended
Jul. 01, 2023
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 1, 2023 and July 2, 2022: 
 Three Months EndedSix Months Ended
July 1, 2023July 2, 2022July 1, 2023July 2, 2022
Contract-specific discounting facility$— $— $— $49 
Accounts receivable sales proceeds— 40 — 62 
Long-term receivables sales proceeds26 5 58 22 
Total proceeds from receivable sales$26 $45 $58 $133 
At July 1, 2023, the Company had retained servicing obligations for $834 million of long-term receivables, compared to $891 million at December 31, 2022. 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 $207 million at July 1, 2023, compared to $65 million at December 31, 2022.