Restructuring

6 Months Ended

Jul. 01, 2023

Restructuring and Related Activities [Abstract]

Restructuring

Restructuring

In 2022 we initiated certain restructuring programs to lower costs, increase gross and operating margins and position us for growth (“2022 Plan”). We expect to fully execute our restructuring initiatives and programs over the next 12-24 months, and we may incur future additional restructuring expenses associated with these plans. We are unable at this time to make a good faith determination of cost estimates, or ranges of cost estimates, associated with future phases of the plans or the total costs we may incur in connection with these plans. Refer to Note 6. Restructuring Expenses in our 2022 Annual Report on Form 10-K for further discussion of our restructuring programs.

The following table summarizes the status of our restructuring expenses included within accrued liabilities on the Unaudited Consolidated Balance Sheets.

(in millions)	July 1, 2023		December 31, 2022
Beginning of period	$	27	$	9
Charges	4		26
Usage (1)	(13)		(5)
Other	—		(3)
End of period	$	18	$	27

(1) Usage primarily relates to cash payments associated with employee termination costs.

In the third quarter, we initiated another restructuring program with estimated costs of $25 million.