Long-term Debt and Credit Agreement (Tables)

6 Months Ended

Jul. 02, 2022

Debt Disclosure [Abstract]

Schedule of Long Term Debt

The Company’s long-term debt as of July 2, 2022 and December 31, 2021 consisted of the following:

	July 2, 2022			December 31, 2021
4.000% notes due 2029	$	300		$	300
Seven-year variable rate A&R Term B Facility		1,137			943
Unamortized deferred financing costs		(15	)		(13	)
Total outstanding indebtedness		1,422			1,230
Less: Amounts expected to be paid within one year		12			10
Total long-term debt due after one year	$	1,410		$	1,220