v3.25.2
Long-Term Debt (Tables)
6 Months Ended
Jun. 28, 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):
June 28,
2025
December 31,
2024
Term Loan A$1,575 $1,575 
Senior Notes500 500 
Receivables Financing Facility108 108 
Total debt$2,183 $2,183 
Less: Debt issuance costs(9)(9)
Less: Unamortized discounts(2)(3)
Less: Current portion of debt(44)(79)
Total long-term debt$2,128 $2,092 
Schedule of Future Maturities of Long-term Debt
As of June 28, 2025, the future maturities of debt are as follows (in millions):
2025 (6 months remaining)$— 
202688 
20271,595 
2028— 
2029— 
Thereafter500 
Total future maturities of debt$2,183