Accrued Liabilities, Commitments and Contingencies (Tables)

9 Months Ended

Oct. 03, 2026

The components of Accrued liabilities are as follows (in millions):


	October 3, 2026		December 31, 2025
Incentive compensation	$	166	$	150
Payroll and benefits	85		75
Customer rebates	72		63
Unremitted cash collections due to banks on factored accounts receivable	63		84
Current portion of lease liabilities	38		38
Current portion of warranty liabilities	30		28
Freight and duty	21		26

Exit and restructuring	6		23
Other	72		71
Accrued liabilities	$	553	$	558

The following table is a summary of the Company’s warranty obligations (in millions):


	Nine Months Ended
	October 3, 2026		September 27, 2025
Balance at the beginning of the period	$	34	$	26
Warranty expense	27		29
Warranties fulfilled	(25)		(25)
Balance at the end of the period	$	36	$	30