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Accounts Payable and Warranty Liability
9 Months Ended
Sep. 28, 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 September 28, 2024 and December 30, 2023, the amount due under the supplier financing arrangement was $104 million and $125 million, respectively.
Warranty Liability
Changes in our warranty liability are as follows:
Nine Months Ended
(In millions)September 28,
2024
September 30,
2023
Beginning of period$172 $149 
Provision57 51 
Settlements(55)(53)
Adjustments*(4)17 
End of period$170 $164 
* Adjustments include changes to prior year estimates, new issues on prior year sales and currency translation adjustments.