Long-term Debt and Credit Agreement (Tables)

3 Months Ended

Apr. 03, 2021

Debt Disclosure [Abstract]

Schedule of Debt

The Company’s debt at April 3, 2021 and December 31, 2020 consisted of the following:

	April 3,			December 31,
	2021			2020
6.125% notes due 2026	$	260		$	400
Five-year variable rate term loan A due 2023		-			315
Seven-year variable rate term loan B due 2025		-			465
Seven-year variable rate term loan B due 2028		950			-
Unamortized deferred financing costs		(14	)		(18	)
Total outstanding indebtedness		1,196			1,162
Less: Amounts expected to be paid within one year		10			7
Total long-term debt due after one year	$	1,186		$	1,155