v3.26.1
Long-Term Debt
 3 Months Ended
Apr. 04, 2026
Debt Disclosure [Abstract]  
Long-Term Debt Long-Term Debt
Long-term debt is comprised of the following:

(in millions)April 4, 2026December 31, 2025
4.000% Senior Notes due 2029
$300 $300 
6.500% Senior Notes due 2032
600 600 
Variable rate A&R Term B Facility 2,326 2,331 
Gross debt3,226 3,231 
Less: current portion of long-term debt (1)
(18)(18)
Less: unamortized deferred financing costs(43)(46)
Total long-term debt$3,165 $3,167 
(1) Included within accrued liabilities on the Unaudited Consolidated Balance Sheets.

A&R Credit Agreement

In 2021, we entered into a credit agreement with JPMorgan Chase Bank N.A. as administrative agent which was most recently amended on August 13, 2025 (as amended, the “A&R Credit Agreement”). The remaining principal on the A&R Credit Agreement includes $518 million of term loans maturing in February 2028, $589 million of term loans maturing in June 2031, and $1,219 million of incremental term loans maturing in August 2032 (together, the “A&R Term B Facility”).
As of April 4, 2026 and December 31, 2025, the weighted average interest rate on the A&R Term B Facility, excluding the impact of the interest rate swaps, was 5.67% and 5.76%, respectively.

The A&R Credit Agreement also includes a senior secured revolving credit facility (the “A&R Revolving Credit Facility”) with an aggregate capacity of $500 million and a five-year term ending in June 2029. There were no outstanding borrowings and no letters of credit issued under the A&R Revolving Credit Facility as of April 4, 2026.

The A&R Credit Agreement includes customary affirmative and negative covenants and reporting requirements, including limitations on indebtedness, liens, investments, and other restricted transactions. As of April 4, 2026, we are in compliance with all covenants.

We have entered into certain interest rate swaps based on the term secured overnight financing rate (“Term SOFR”) which effectively converts a portion of our variable-rate debt to fixed-rate debt. Refer to Note 12. Fair Value of the Notes to Unaudited Consolidated Financial Statements for further discussion.

Senior Notes

In August 2021, we issued $300 million in principal amount of 4.000% Senior Notes due 2029 (“Senior Notes due 2029”).

In July 2024, we issued $600 million in aggregate principal of 6.500% Senior Notes due 2032 (“Senior Notes due 2032”).

The Senior Notes due 2029 and Senior Notes due 2032 are senior unsecured obligations of Resideo guaranteed by Resideo’s existing and future domestic subsidiaries.

Interest Paid

For the three months ended April 4, 2026 and March 29, 2025, cash paid for interest, net of interest rate derivative receipts was $58 million and $39 million, respectively.