XML 55 R40.htm IDEA: XBRL DOCUMENT v3.24.0.1
Debt (Tables)
12 Months Ended
Dec. 30, 2023
Debt Disclosure [Abstract]  
Components of Total Debt
Total debt consisted of the following:
Debt DescriptionMaturityInterest Rate as of December 30, 2023Carrying Value as of December 30, 2023Carrying Value as of December 31, 2022
ABL FacilityDecember 7, 20278.50%$— $— 
2019 Incremental Term Loan Facility (net of $11 and $19 of unamortized deferred financing
costs, respectively)
September 13, 20267.47%1,105 1,232 
2021 Incremental Term Loan Facility (net of $3 and $6 of unamortized deferred financing costs, respectively)
November 22, 20287.97%718 786 
Secured Senior Notes due 2025 (net of $0 and $7 of unamortized deferred financing costs,
      respectively) (1)
April 15, 20256.25%— 993 
Unsecured Senior Notes due 2028 (net of $5 unamortized deferred financing costs)(1)
September 15, 20286.88%495 — 
Unsecured Senior Notes due 2029 (net of $6 and $7 of unamortized deferred financing costs, respectively)
February 15, 20294.75%894 893 
Unsecured Senior Notes due 2030 (net of $4 and $4 of unamortized deferred financing costs, respectively)
June 1, 20304.63%496 496 
Unsecured Senior Notes due 2032 (net of $5 of unamortized deferred financing costs)(1)
January 15, 20327.25%495 — 
Obligations under financing leases2023–2037
1.26% -8.31%
463 446 
Other debtJanuary 1, 20315.75%
Total debt4,674 4,854 
Current portion of long-term debt
(110)(116)
Long-term debt$4,564 $4,738 
(1)
The Secured Senior Notes due 2025 were paid in full on September 25, 2023, with the proceeds from the issuance of the Unsecured Senior Notes due 2028 and the Unsecured Senior Notes due 2032, as well as cash on hand, as further discussed below
Principal Payments on Outstanding Debt
Principal payments to be made on outstanding debt, exclusive of deferred financing costs, as of December 30, 2023, were as follows:
2024$106 
2025100 
20261,176 
202773 
20281,273 
Thereafter1,980 
$4,708