Long-Term Debt (Tables)

3 Months Ended

Mar. 29, 2025

Debt Disclosure [Abstract]

Schedule of Carrying Value of Long-term Debt

The following table shows the carrying value of the Company’s debt (in millions):

	March 29, 2025		December 31, 2024
Term Loan A	$	1,575	$	1,575
Senior Notes	500		500
Receivables Financing Facilities	108		108
Total debt	$	2,183	$	2,183
Less: Debt issuance costs	(9)		(9)
Less: Unamortized discounts	(2)		(3)
Less: Current portion of debt	(69)		(79)
Total long-term debt	$	2,103	$	2,092

Schedule of Future Maturities of Long-term Debt

As of March 29, 2025, the future maturities of debt are as follows (in millions):

2025 (9 months remaining)	$	69
2026	71
2027	1,543
2028	—
2029	—
Thereafter	500
Total future maturities of debt	$	2,183