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Leases (Tables)
12 Months Ended
Jan. 02, 2021
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:
LeasesConsolidated Balance Sheet LocationJanuary 2, 2021December 28, 2019
Assets
Operating
Other assets$284 $145 
Financing
Property and equipment-net(1)
316 333 
Total leased assets
$600 $478 
Liabilities
Current:
Operating
Accrued expenses and other current liabilities$44 $40 
Financing
Current portion of long-term debt86 95 
Noncurrent:
Operating
Other long-term liabilities263 131 
Financing
Long-term debt237 257 
Total lease liabilities
$630 $523 

(1)Financing lease assets are recorded net of accumulated amortization of $244 million and $269 million as of January 2, 2021 and December 28, 2019.
The following table presents the location of lease costs in fiscal years 2020 and 2019 in the Company's Consolidated Statements of Comprehensive Income:
Lease CostStatement of Comprehensive Income Location20202019
Operating lease costDistribution, selling and administrative costs$52 $29 
Financing lease cost:
Amortization of leased assets
Distribution, selling and administrative costs79 76 
Interest on lease liabilities
Interest expense-net12 12 
Variable lease costDistribution, selling and administrative costs13 
Net lease cost$156 $123 
Schedule of future finance lease payments
Future lease payments under lease agreements as of January 2, 2021 were as follows:
Maturity of Lease LiabilitiesOperating LeasesFinancing Lease
Obligation
Total
2021$57 $94 $151 
202260 73 133 
202358 68 126 
202439 51 90 
202538 32 70 
After 2025175 28 203 
Total lease payments427 346 773 
Less amount representing interest(120)(23)(143)
Present value of lease liabilities$307 $323 $630 
Schedule of future operating lease payments
Future lease payments under lease agreements as of January 2, 2021 were as follows:
Maturity of Lease LiabilitiesOperating LeasesFinancing Lease
Obligation
Total
2021$57 $94 $151 
202260 73 133 
202358 68 126 
202439 51 90 
202538 32 70 
After 2025175 28 203 
Total lease payments427 346 773 
Less amount representing interest(120)(23)(143)
Present value of lease liabilities$307 $323 $630 
Schedule of future capital lease payments
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
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 fiscal years 2020 and 2019 was as follows:
Cash Paid For Amounts Included In Measurement of Liabilities20202019
Operating cash flows from operating leases$56 $37 
Operating cash flows from financing leases12 12 
Financing cash flows from financing leases102 90 
Lease Term and Discount RateJanuary 2, 2021December 28, 2019
Weighted-average remaining lease term (years):
Operating leases
8.426.14
Financing leases
5.314.85
Weighted-average discount rate:
Operating leases
6.6 %4.4 %
Financing leases
3.2 %3.5 %