Leases (Tables)

9 Months Ended

Sep. 29, 2019

The components of lease expense were as follows:



	For the three months ended	For the nine months ended
	September 29, 2019	September 29, 2019
Operating lease cost	15	41

Finance lease cost:
Amortization of right-of-use assets	—	1
Interest on lease liabilities	—	1
Total finance lease cost	—	2

Other information related to leases was as follows:



	For the three months ended		For the nine months ended
	September 29, 2019		September 29, 2019
Supplemental cash flows information:
Operating cash flows from operating leases	15		41
Operating cash flows from finance leases	(1	)	1
Financing cash flows from finance leases	2		2

Right-of-use assets obtained in exchange for lease obligations:
Operating leases 1)	62		260
Finance leases	—		—

1) $188 million recorded on January 1, 2019 in accordance with the adoption of ASC 842.

Weighted average remaining lease term:
Operating leases			6.0 years
Finance leases			12.7 years

Weighted average discount rate:
Operating leases			3.1	%
Finance leases			4.5	%

Future minimum lease payments as of September 29, 2019 were as follows:



	As of
	September 29, 2019
	Operating leases		Finance leases
2019 (remaining)	16		1
2020	57		3
2021	46		3
2022	32		3
2023	27		3
Thereafter	67		22
Total future minimum lease payments	245		35
Less: imputed interest	(22	)	(9	)
Total	223		26

Future minimum lease payments as of September 29, 2019 were as follows:



	As of
	September 29, 2019
	Operating leases		Finance leases
2019 (remaining)	16		1
2020	57		3
2021	46		3
2022	32		3
2023	27		3
Thereafter	67		22
Total future minimum lease payments	245		35
Less: imputed interest	(22	)	(9	)
Total	223		26

Lease liabilities related to leases are split between current and non-current:



	As of
	September 29, 2019
	Operating leases	Finance leases
Other current liabilities	55	2
Other non-current liabilities	168	24
Total	223	26