Commitments and Contingencies (Tables)

6 Months Ended

Jul. 02, 2022

Loss Contingencies [Line Items]

Summary of Reimbursement Agreement Liabilities

The following table summarizes information concerning the Company’s Reimbursement Agreement liabilities:

	Six Months Ended
	July 2, 2022			July 3, 2021
Beginning balance	$	597		$	591
Accruals for indemnification liabilities deemed probable and reasonably estimable		86			72
Indemnification payment		(70	)		(70	)
Ending balance (1)	$	613		$	593

(1)Reimbursement Agreement liabilities deemed probable and reasonably estimable, however, it is possible the Company could pay $140 million per year (exclusive of any late payment fees up to 5% per annum) until the earlier of (1) December 31, 2043; or (2) December 31 of the third consecutive year during which the annual reimbursement obligation (including in respect of deferred payment amounts) has been less than $25 million.

Summary of Recorded Obligations for Product Warranties and Product Performance Guarantee

The following table summarizes information concerning recorded obligations for product warranties and product performance guarantees:

	Six Months Ended
	July 2, 2022			July 3, 2021
Beginning of period	$	23		$	22
Accruals for warranties/guarantees issued during the year		11			8
Additions from acquisitions		14			-
Settlements and adjustments		(13	)		(10	)
End of period	$	35		$	20

Honeywell

Loss Contingencies [Line Items]

Summary of Reimbursement Agreement Liabilities Included in Balance Sheet Accounts

Reimbursement Agreement liabilities are included in the following balance sheet accounts:

	July 2, 2022		December 31, 2021
Accrued liabilities	$	140	$	140
Obligations payable under Indemnification Agreements		473		457
	$	613	$	597