Leases (Tables)

3 Months Ended

9 Months Ended

Sep. 28, 2019

Jun. 27, 2020

Leases [Abstract]

Lessee Operating Leases Balance Sheet Information [Table Text Block]

Operating lease ROU assets and liabilities presented in our Consolidated Condensed Balance Sheets were as follows (in millions):

	June 27, 2020
Other Assets	$	540
Other current liabilities	168
Other Liabilities	373

Lease, Cost [Table Text Block]

The components of lease costs were as follows (in millions):

	Three Months Ended		Nine Months Ended
	June 27, 2020		June 27, 2020
Operating lease cost (a)	$	51	$	151
Variable lease cost (b)	106		333
Short-term lease cost	5		17
Total	$	162	$	501

Lessee Operating Lease Other Information [Table Text Block]

Other operating lease information includes the following:

Nine months ended June 27, 2020
Operating cash outflows from operating leases (in millions)	$	157
ROU assets obtained in exchange for new operating lease liabilities (in millions)	$	126
Weighted-average remaining lease term	5 years
Weighted-average discount rate	3		%

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

At June 27, 2020, future maturities of operating leases were as follows (in millions):

Operating Lease Commitments
2020 (remaining year)	$	53
2021	164
2022	118
2023	81
2024	62
2025 and beyond	97
Total undiscounted operating lease payments	$	575
Less: Imputed interest	34
Present value of total operating lease liabilities	$	541

Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]

Minimum lease commitments under non-cancelable leases at September 28, 2019 were (in millions):

Operating Lease Commitments
2020	$	159
2021	113
2022	74
2023	49
2024	40
2025 and beyond	54
Total	$	489

Other Commitments [Table Text Block]

Livestock grower fixed or estimable non-cancelable commitments at September 28, 2019 were (in millions):

Livestock Grower Commitments
2020	$	253
2021	131
2022	86
2023	58
2024	49
2025 and beyond	122
Total	$	699