Quarterly report pursuant to Section 13 or 15(d)

Debt, Secured Revolving Facility and Secured Revolving Line of Credit (Tables)

v3.19.3
Debt, Secured Revolving Facility and Secured Revolving Line of Credit (Tables)
9 Months Ended
Sep. 28, 2019
Debt Disclosure [Abstract]  
Convertible Debt The following table sets forth total interest expense recognized related to the 2.125% Notes:
 
Three Months Ended
 
Nine Months Ended
 
September 28,
2019
 
September 29,
2018
 
September 28,
2019
 
September 29,
2018
 
(In millions)
Contractual interest expense
$
4

 
$
5

 
$
12

 
$
13

Interest cost related to amortization of debt issuance costs
$

 
$

 
$
1

 
$
1

Interest cost related to amortization of the debt discount
$
6

 
$
6

 
$
18

 
$
18


The 2.125% Notes consisted of the following:
 
September 28,
2019
 
December 29,
2018
 
(In millions)
Principal amounts:
 
 
 
Principal
$
679

 
$
805

Unamortized debt discount(1)
(205
)
 
(262
)
Unamortized debt issuance costs
(8
)
 
(11
)
Net carrying amount
$
466

 
$
532

Carrying amount of the equity component, net(2)
$
258

 
$
305


(1) 
Included in the consolidated balance sheets within Long-term debt, net and amortized over the remaining life of the notes using the effective interest rate method.
(2) 
Included in the consolidated balance sheets within additional paid-in capital, net of $8 million of equity issuance costs.