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Leases (Tables)
12 Months Ended
Dec. 31, 2022
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 LocationDecember 31, 2022January 1, 2022
Assets
Operating
Other assets$265 $275 
Financing
Property and equipment-net(1)
395 291 
Total leased assets
$660 $566 
Liabilities
Current:
Operating
Accrued expenses and other current liabilities$36 $36 
Financing
Current portion of long-term debt92 72 
Noncurrent:
Operating
Other long-term liabilities246 244 
Financing
Long-term debt354 220 
Total lease liabilities
$728 $572 

(1)Financing lease assets are recorded net of accumulated amortization of $263 million and $261 million as of December 31, 2022 and January 1, 2022.
The following table presents the location of lease costs in fiscal years 2022, 2021 and 2020 in the Company’s Consolidated Statements of Comprehensive Income:
Lease CostStatements of Comprehensive Income Location202220212020
Operating lease costDistribution, selling and administrative costs$69 $58 $52 
Financing lease cost:
Amortization of leased assets
Distribution, selling and administrative costs70 73 79
Interest on lease liabilities
Interest expense-net11 10 12
Short-term lease costDistribution, selling and administrative costs— 
Variable lease costDistribution, selling and administrative costs10 11 13
Net lease cost$162 $153 $156 
Schedule of future finance lease payments
Future lease payments under lease agreements as of December 31, 2022 were as follows:
Maturity of Lease LiabilitiesOperating LeasesFinancing Lease
Obligation
Total
2023$53 $107 $160 
202449 102 151 
202547 83 130 
202643 71 114 
202738 61 99 
After 2027142 84 226 
Total lease payments372 508 880 
Less amount representing interest(90)(62)(152)
Present value of lease liabilities$282 $446 $728 
Schedule of future operating lease payments
Future lease payments under lease agreements as of December 31, 2022 were as follows:
Maturity of Lease LiabilitiesOperating LeasesFinancing Lease
Obligation
Total
2023$53 $107 $160 
202449 102 151 
202547 83 130 
202643 71 114 
202738 61 99 
After 2027142 84 226 
Total lease payments372 508 880 
Less amount representing interest(90)(62)(152)
Present value of lease liabilities$282 $446 $728 
Schedule of other information related to lease agreements
Other information related to lease agreements for fiscal years 2022, 2021 and 2020 was as follows:
Cash Paid For Amounts Included In Measurement of Liabilities202220212020
Operating cash flows from operating leases$56 $55 $56 
Operating cash flows from financing leases11 10 12 
Financing cash flows from financing leases73 87 102 
    
Lease Term and Discount RateDecember 31, 2022January 1, 2022January 2, 2021
Weighted-average remaining lease term (years):
Operating leases
8.328.308.42
Financing leases
6.365.745.31
Weighted-average discount rate:
Operating leases
6.5 %6.1 %6.6 %
Financing leases
4.1 %3.2 %3.2 %