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Leases (Tables)
9 Months Ended
Sep. 26, 2020
Leases [Abstract]  
Components of leases
The following table presents the location of the ROU assets and lease liabilities in the Company’s Consolidated Balance Sheets as of September 26, 2020 and December 28, 2019:
LeasesConsolidated Balance Sheet LocationSeptember 26, 2020December 28, 2019
Assets
Operating
Other assets$271 $145 
Financing
Property and equipment-net(1)
327 333 
Total leased assets
$598 $478 
Liabilities
Current:
Operating
Accrued expenses and other current liabilities$47 $40 
Financing
Current portion of long-term debt93 95 
Noncurrent:
Operating
Other long-term liabilities250 131 
Financing
Long-term debt250 257 
Total lease liabilities
$640 $523 

(1)Financing lease assets are recorded net of accumulated amortization of $243 million and $269 million as of September 26, 2020 and December 28, 2019, respectively.

The following table presents the location of lease costs in the Company's Consolidated Statements of Comprehensive Income:
13 Weeks Ended26 Weeks Ended
Lease CostStatement of Comprehensive Income LocationSeptember 26, 2020September 28, 2019September 26, 2020September 28, 2019
Operating lease costDistribution, selling and administrative costs$10 $$36 $21 
Financing lease cost:
Amortization of leased assets
Distribution, selling and administrative costs19 21 60 60 
Interest on lease liabilities
Interest expense-net
Variable lease costDistribution, selling and administrative costs10 
Net lease cost$36 $33 $115 $95 
Schedule of Future Operating Lease Payments
Future lease payments under lease agreements as of September 26, 2020 were as follows:
Maturity of Lease LiabilitiesOperating
Leases
Financing LeasesTotal
Remainder of 2020$11 $32 $43 
202162 93 155 
202256 70 126 
202354 67 121 
202435 50 85 
202534 31 65 
After 2025164 25 189 
Total lease payments416 368 784 
Less amount representing interest(119)(25)(144)
Present value of lease liabilities$297 $343 $640 
Schedule of Future Finance Lease Payments
Future lease payments under lease agreements as of September 26, 2020 were as follows:
Maturity of Lease LiabilitiesOperating
Leases
Financing LeasesTotal
Remainder of 2020$11 $32 $43 
202162 93 155 
202256 70 126 
202354 67 121 
202435 50 85 
202534 31 65 
After 2025164 25 189 
Total lease payments416 368 784 
Less amount representing interest(119)(25)(144)
Present value of lease liabilities$297 $343 $640 
Schedule of Future Capital Lease Payments Prior to 842 Future minimum lease payments in effect as of December 28, 2019 under noncancelable lease arrangements were as follows:
Future Minimum Lease PaymentsOperating
Leases
Financing LeasesTotal
2020$48 $106 $154 
202138 84 122 
202233 62 95 
202330 58 88 
202412 41 53 
After 202442 29 71 
Total lease payments203 380 583 
Less amount representing interest(32)(28)(60)
Present value of minimum lease payments$171 $352 $523 
Schedule of Future Operating Lease Payments Prior to 842 Future minimum lease payments in effect as of December 28, 2019 under noncancelable lease arrangements were as follows:
Future Minimum Lease PaymentsOperating
Leases
Financing LeasesTotal
2020$48 $106 $154 
202138 84 122 
202233 62 95 
202330 58 88 
202412 41 53 
After 202442 29 71 
Total lease payments203 380 583 
Less amount representing interest(32)(28)(60)
Present value of minimum lease payments$171 $352 $523 
Schedule of other information related to lease agreements
Other information related to lease agreements for the 39 weeks ended September 26, 2020 and September 28, 2019 was as follows:
39 Weeks Ended
Cash Paid For Amounts Included In Measurement of LiabilitiesSeptember 26, 2020September 28, 2019
Operating cash flows from operating leases$37 $24 
Operating cash flows from financing leases
Financing cash flows from financing leases72 49 
Lease Term and Discount RateSeptember 26, 2020September 28, 2019
Weighted-average remaining lease term (years):
Operating leases
8.435.80
Financing leases
5.345.30
Weighted-average discount rate:
Operating leases
6.7 %4.6 %
Financing leases
3.2 %3.5 %