XML 63 R47.htm IDEA: XBRL DOCUMENT v3.25.0.1
Leases (Tables)
12 Months Ended
Dec. 28, 2024
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 28, 2024December 30, 2023
Assets
Operating
Other assets$271 $290 
Financing(2)
Property and equipment-net(1)
494 450 
Total leased assets
$765 $740 
Liabilities
Current:
Operating
Accrued expenses and other current liabilities$42 $43 
Financing
Current portion of long-term debt102 95 
Noncurrent:
Operating
Other long-term liabilities248 265 
Financing(2)
Long-term debt389 367 
Total lease liabilities
$781 $770 

(1)Financing lease assets are recorded net of accumulated amortization of $300 million and $297 million as of December 28, 2024 and December 30, 2023, respectively.
(2)Excludes leases classified as held for sale in relation to the planned Freshway divestiture. Refer to Note 5, Acquisitions and Held for Sale for additional information.
The following table presents the location of lease costs in fiscal years 2024, 2023 and 2022 in the Company’s Consolidated Statements of Comprehensive Income:
Lease CostStatements of Comprehensive Income Location202420232022
Operating lease costDistribution, selling and administrative costs$66 $59 $69 
Financing lease cost:
Amortization of leased assets
Distribution, selling and administrative costs88 86 70
Interest on lease liabilities
Interest expense-net27 22 11
Short-term lease costDistribution, selling and administrative costs
Variable lease costDistribution, selling and administrative costs12 12 10
Net lease cost$196 $181 $162 
Schedule of future finance lease payments
Future lease payments under lease agreements as of December 28, 2024 were as follows:
Maturity of Lease LiabilitiesOperating LeasesFinancing Lease
Obligation
Total
2025$61 $122 $183 
202662 119 181 
202753 104 157 
202842 77 119 
202933 55 88 
After 2029127 83 210 
Total lease payments378 560 938 
Less amount representing interest(88)(70)(158)
Present value of lease liabilities$290 $490 $780 
Schedule of future operating lease payments
Future lease payments under lease agreements as of December 28, 2024 were as follows:
Maturity of Lease LiabilitiesOperating LeasesFinancing Lease
Obligation
Total
2025$61 $122 $183 
202662 119 181 
202753 104 157 
202842 77 119 
202933 55 88 
After 2029127 83 210 
Total lease payments378 560 938 
Less amount representing interest(88)(70)(158)
Present value of lease liabilities$290 $490 $780 
Schedule of other information related to lease agreements
Other information related to lease agreements for fiscal years 2024, 2023 and 2022 was as follows:
Cash Paid For Amounts Included In Measurement of Liabilities202420232022
Operating cash flows from operating leases$69 $62 $56 
Operating cash flows from financing leases24 21 11 
Financing cash flows from financing leases124 111 73 
    
Lease Term and Discount RateDecember 28, 2024December 30, 2023December 31, 2022
Weighted-average remaining lease term (years):
Operating leases
7.617.578.32
Financing leases
7.107.036.36
Weighted-average discount rate:
Operating leases
6.8 %6.5 %6.5 %
Financing leases
4.4 %4.2 %4.1 %