Long-Term Debt (Tables)

3 Months Ended

Apr. 04, 2026

Debt Disclosure [Abstract]

Schedule of Carrying Value of Debt

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

	April 4, 2026		December 31, 2025
Term Loan A	$	1,553	$	1,575
Senior Notes	500		500
Revolving Credit Facility	430		275
Receivables Financing Facility	177		161
Total debt	$	2,660	$	2,511
Less: Debt issuance costs	(7)		(8)
Less: Unamortized discounts	(2)		(2)
Less: Current portion of debt	(264)		(141)
Total long-term debt	$	2,387	$	2,361

Schedule of Future Maturities of Debt

As of April 4, 2026, the future maturities of debt are as follows (in millions):

2026 (9 months remaining)	$	156
2027	2,004
2028	—
2029	—
2030	—
Thereafter	500
Total future maturities of debt	$	2,660