Leases (Tables)

12 Months Ended

Dec. 30, 2023

Leases [Abstract]

Components of Lease Costs and Supplemental Information

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

	December 30, 2023		December 31, 2022		December 25, 2021
Operating lease costs	$	152	$	173	$	176
Finance lease costs:
Amortization of right-of-use assets	28		34		34
Interest on lease liabilities	5		5		6
Short-term lease costs	12		8		17
Variable lease costs	659		1,232		1,192
Sublease income	(10)		(10)		(9)
Total lease costs	$	846	$	1,442	$	1,416

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

	December 30, 2023						December 31, 2022
	Operating Leases			Finance Leases			Operating Leases			Finance Leases
Right-of-use assets	$	574		$	135		$	668		$	121
Lease liabilities (current)	116			27			125			26
Lease liabilities (non-current)	501			118			585			93
Weighted average remaining lease term	8 years			10 years			8 years			12 years
Weighted average discount rate	3.7		%	4.5		%	3.6		%	4.1		%

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

	December 30, 2023		December 31, 2022		December 25, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash inflows/(outflows) from operating leases	$	(156)	$	(176)	$	(179)
Operating cash inflows/(outflows) from finance leases	(5)		(5)		(6)
Financing cash inflows/(outflows) from finance leases	(26)		(38)		(33)
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases	44		197		41
Finance leases	25		34		14

Schedule of Future Minimum Lease Payments for Operating Leases

Future minimum lease payments for leases in effect at December 30, 2023 were (in millions):

	Operating Leases		Finance Leases
2024	$	136	$	32
2025	116		24
2026	95		21
2027	74		15
2028	61		23
Thereafter	234		63
Total future undiscounted lease payments	716		178
Less imputed interest	(99)		(33)
Total lease liability	$	617	$	145

Schedule of Future Minimum Lease Payments for Finance Leases

Future minimum lease payments for leases in effect at December 30, 2023 were (in millions):

	Operating Leases		Finance Leases
2024	$	136	$	32
2025	116		24
2026	95		21
2027	74		15
2028	61		23
Thereafter	234		63
Total future undiscounted lease payments	716		178
Less imputed interest	(99)		(33)
Total lease liability	$	617	$	145