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Fair Value (Tables) | 6 Months Ended
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Jun. 29, 2024
Fair Value Disclosures [Abstract] |
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments | The following table provides a summary of the carrying amount and fair value of outstanding debt:
| June 29, 2024 |  | December 31, 2023
(in millions) | Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value
Debt |  |  |  |  |  |  |
4.000% Senior Notes due 2029 | $ | 300 |  |  | $ | 265 |  |  | $ | 300 |  |  | $ | 266 |
Variable rate A&R Term B Facility | 1,714 |  |  | 1,717 |  |  | 1,119 |  |  | 1,122 |
Total debt | $ | 2,014 |  |  | $ | 1,982 |  |  | $ | 1,419 |  |  | $ | 1,388 |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | The following table provides a summary of the carrying amount and fair value of our interest rate derivatives:
| June 29, 2024 |  | December 31, 2023
(in millions) | Carrying Value |  |  |  | Fair Value |  | Carrying Value |  |  |  | Fair Value
Assets: |  |  |  |  |  |  |  |  |  |  |
Interest rate derivatives | $ | 27 |  |  |  |  | $ | 27 |  |  | $ | 30 |  |  |  |  | $ | 30 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |
Interest rate derivatives | 6 |  |  |  |  | 6 |  |  | — |  |  |  |  | — |
Total, net | $ | 21 |  |  |  |  | $ | 21 |  |  | $ | 30 |  |  |  |  | $ | 30 |

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- Definition Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements. + References No definition available. + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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