XML 27 R11.htm IDEA: XBRL DOCUMENT v3.24.2
Accounts Payable and Warranty Liability
6 Months Ended
Jun. 29, 2024
Payables and Accruals [Abstract]  
Accounts Payable and Warranty Liability Accounts Payable and Warranty Liability
Accounts Payable
Supplier Financing Arrangement
We have a financing arrangement with one of our suppliers that extends payment terms for up to 190 days from the receipt of goods and provides for the supplier to be paid by a financial institution earlier than maturity. In June 2024, the maximum amount available under the financing arrangement was increased by $25 million to $200 million. This financing arrangement expires in April 2027. At June 29, 2024 and December 30, 2023, the amount due under the supplier financing arrangement was $118 million and $125 million, respectively.
Warranty Liability
Changes in our warranty liability are as follows:
Six Months Ended
(In millions)June 29,
2024
July 1,
2023
Beginning of period$172 $149 
Provision38 33 
Settlements(36)(35)
Adjustments*(2)13 
End of period$172 $160 
* Adjustments include changes to prior year estimates, new issues on prior year sales and currency translation adjustments.