Debt (Tables)

9 Months Ended

Sep. 28, 2019

Debt Disclosure [Abstract]

Components of total debt

Total debt consisted of the following:

Debt Description	Maturity	Interest Rate as of September 28, 2019	September 28, 2019			December 29, 2018
ABL Facility	May 31, 2024	3.48%	$	138		$	81		(1)
ABS Facility	September 21, 2022	2.98%	215			275			(2)
Initial Term Loan Facility (net of $5 of unamortized deferred financing costs)	June 27, 2023	4.11%	2,129			2,145
Incremental Term Loan Facility (net of $36 of unamortized deferred financing costs)	September 13, 2026	4.04%	1,464			—
Senior Notes (net of $5 of unamortized deferred financing costs)	June 15, 2024	5.88%	595			595
Obligations under financing leases	2019–2026	2.00% - 6.17%	375			352
Other debt	2021–2031	5.75% - 9.00%	8			9
Total debt			4,924			3,457
Current portion of long-term debt			(136		)	(106		)
Long-term debt			$	4,788		$	3,351

(1) Consists of outstanding borrowings under our former asset based senior secured revolving credit facility, which was refinanced with a new facility in May 2019 (as described below).

(2)

Consists of outstanding borrowings under the ABS Facility prior to its refinancing in September 2019 (as described below).