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Leases and Other Commitments
12 Months Ended
Dec. 28, 2019
Leases and Other Commitments [Abstract]  
Leases and Other Commitments
Leases and Other Commitments:
Leases

Substantially all of our leases are for facilities and vehicles. The initial term for facilities are typically 5 years to 10 years, with renewal options at 5 year intervals, with the exercise of lease renewal options at our sole discretion. Our vehicle and equipment leases are typically 3 years to 5 years. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants.

Operating lease liabilities consist of the following:
(in thousands)
December 28, 2019
Total operating lease liabilities
$
2,495,141

Less: Current portion of operating lease liabilities
(477,982
)
Noncurrent operating lease liabilities
$
2,017,159



The current portion of operating lease liabilities is included in Other current liabilities in the accompanying condensed consolidated balance sheet.

Total lease cost is included in Cost of sales and SG&A in the accompanying condensed consolidated statements of operations and is recorded net of immaterial sublease income. Total lease cost is comprised of the following:
 
Year Ended
(in thousands)
December 28, 2019
Operating lease cost
$
522,928

Variable lease cost
155,892

Total lease cost
$
678,820



The future maturity of lease liabilities are as follows:
(in thousands)
December 28, 2019
2020
$
572,426

2021
482,494

2022
390,110

2023
350,636

2024
272,683

Thereafter
832,501

Total lease payments
2,900,850

Less: Imputed interest
(405,709
)
Total operating lease liabilities
$
2,495,141



Operating lease payments include $139.5 million related to options to extend lease terms that are reasonably certain of being exercised and exclude $147.7 million of legally binding lease payments for leases signed, but not yet commenced.

The weighted-average remaining lease term and weighted-average discount rate for our operating leases are 7.18 years and 4.0% as of December 28, 2019. We calculated the weighted-average discount rates using incremental borrowing rates, which equal the rates of interest that we would pay to borrow funds on a fully collateralized basis over a similar term.

Other information relating to our lease liabilities is as follows:
 
Year Ended
(in thousands)
December 28, 2019
Cash paid for amounts included in the measurement of lease liabilities:
 
Operating cash flows from operating leases
$
517,945

Right-of-use assets obtained in exchange for lease obligations:
 
Operating leases
$
398,510


As previously disclosed in our 2018 Annual Report on Form 10-K and under the previous lease accounting standard, future minimum lease payments due under non-cancelable operating leases were as follows:
Year
 
Amount
(in thousands)
 
 
2019

 
$
520,541

2020

 
481,812

2021

 
416,895

2022

 
349,470

2023

 
270,116

Thereafter

 
837,441

 
 
$
2,876,275



As previously disclosed in our 2018 Annual Report on Form 10-K and under the previous lease accounting standard, our net rent expense was as follows:
 
 
Year Ended
(in thousands)
 
December 29, 2018
 
December 30, 2017
Minimum facility rentals
 
$
484,291

 
$
483,178

Equipment rentals
 
23,635

 
24,786

Vehicle rentals
 
53,015

 
32,670

 
 
560,941

 
540,634

Less: Sub-lease income
 
(7,141
)
 
(7,144
)
 
 
$
553,800

 
$
533,490



Other Commitments

We have entered into certain arrangements which require the future purchase of goods or services. Our obligations primarily consist of payments for the purchase of hardware, software and maintenance. As of December 28, 2019, future payments amount to $66.2 million and are not accrued in our consolidated balance sheet.