Leases (Tables)

9 Months Ended

Sep. 28, 2019

Leases [Abstract]

Components of Lease Costs and Supplemental Information

Supplemental balance sheet information related to our leases was (in millions, except lease term and discount rate):

	September 28, 2019
	Operating Leases			Finance Leases
Right-of-use assets	$	557		$	183
Lease liabilities (current)	153			28
Lease liabilities (non-current)	467			157
Weighted average remaining lease term	6 years			9 years
Weighted average discount rate	4.1		%	3.4		%

Cash flows arising from lease transactions were (in millions):

	For the Three Months Ended			For the Nine Months Ended
	September 28, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash inflows/(outflows) from operating leases	$	(48	)	$	(146	)
Operating cash inflows/(outflows) from finance leases	(2		)	(5		)
Financing cash inflows/(outflows) from finance leases	(7		)	(20		)
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases	4			31
Finance leases	8			8

The components of our lease costs were (in millions):

	For the Three Months Ended			For the Nine Months Ended
	September 28, 2019
Operating lease costs	$	49		$	145
Finance lease costs:
Amortization of right-of-use assets	6			19
Interest on lease liabilities	2			5
Short-term lease costs	3			9
Variable lease costs	325			976
Sublease income	(4		)	(11		)
Total lease costs	$	381		$	1,143

Schedule of Future Minimum Lease Payments

Future minimum lease payments for leases in effect at September 28, 2019 were (in millions):

	Operating Leases			Finance Leases
2019 (excluding the nine months ended September 28, 2019)	$	49		$	9
2020	165			32
2021	128			70
2022	93			21
2023	66			9
Thereafter	206			85
Total future undiscounted lease payments	707			226
Less imputed interest	(87		)	(41		)
Total lease liability	$	620		$	185

Schedule of Future Minimum Lease Payments

Future minimum lease payments for leases in effect at September 28, 2019 were (in millions):

	Operating Leases			Finance Leases
2019 (excluding the nine months ended September 28, 2019)	$	49		$	9
2020	165			32
2021	128			70
2022	93			21
2023	66			9
Thereafter	206			85
Total future undiscounted lease payments	707			226
Less imputed interest	(87		)	(41		)
Total lease liability	$	620		$	185

Schedule of Future Minimum Rental Payments for Operating Leases

Minimum rental commitments under non-cancelable operating leases in effect at December 29, 2018 under the previous lease standard, ASC 840, were (in millions):

2019	$	185
2020	137
2021	105
2022	70
2023	49
Thereafter	148
Total	$	694