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Fair Value (Tables)
6 Months Ended
Jul. 01, 2023
Fair Value Disclosures [Abstract]  
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments
The following table provides a summary of the carrying amount and fair value of outstanding debt:

July 1, 2023December 31, 2022
(in millions)Carrying ValueFair ValueCarrying ValueFair Value
Debt:
4.000% Senior Notes due 2029
$300 $249 $300 $242 
Variable rate A&R Term B Facility 1,126 1,124 1,131 1,125 
Total debt$1,426 $1,373 $1,431 $1,367 
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis The following table provides a summary of the carrying amount and fair value of our interest rate swaps:
July 1, 2023December 31, 2022
(in millions)Carrying ValueFair ValueCarrying ValueFair Value
Assets:
Interest rate swaps$43 $43 $45 $45