v3.25.2
Accrued Liabilities, Commitments and Contingencies (Tables)
 6 Months Ended
Jun. 28, 2025
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Components of Accrued Liabilities
The components of Accrued liabilities are as follows (in millions):
June 28,
2025		December 31,
2024
Incentive compensation$78 $174 
Payroll and benefits76 76 
Unremitted cash collections due to banks on factored accounts receivable58 51 
Foreign exchange contracts57 — 
Customer rebates54 56 
Current portion of lease liabilities36 36 
Warranty27 26 
Freight and duty11 12 
Other72 72 
Accrued liabilities$469 $503 
Schedule of Accrued Warranty Obligations
The following table is a summary of the Company’s warranty obligations (in millions):
 Six Months Ended
 June 28,
2025		June 29,
2024
Balance at the beginning of the period$26 $27 
Warranty expense18 13 
Warranties fulfilled(17)(13)
Balance at the end of the period$27 $27