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Long-Term Debt (Tables)
3 Months Ended
Apr. 02, 2022
Debt Disclosure [Abstract]  
Summary of Carrying Value of Long-term Debt
The following table shows the carrying value of the Company’s debt (in millions):
April 2,
2022
December 31,
2021
Term Loan A$875 $888 
Revolving Credit Facility10 — 
Receivables Financing Facilities216 108 
Total debt$1,101 $996 
Less: Debt issuance costs(3)(3)
Less: Unamortized discounts(2)(2)
Less: Current portion of debt(183)(69)
Total long-term debt$913 $922 
Schedule of Future Maturities of Long-term Debt
As of April 2, 2022, the future maturities of debt are as follows (in millions):
2022$164 
202381 
2024856 
Total future debt maturities$1,101