Leases (Tables)

6 Months Ended

Jul. 02, 2022

Leases [Abstract]

Schedule of Operating Lease Expense

The Company’s operating lease expense for the three and six months ended July 2, 2022 and July 3, 2021 consisted of the following:

	Three Months Ended				Six Months Ended
	July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021
Cost of goods sold	$	7	$	4	$	10	$	8
Selling, general and administrative		13		10		25	$	22
Total operating lease expense	$	20	$	14	$	35	$	30

Summary of Lease Recognized Related to Operating Leases

The Company recognized the following related to its operating leases:

	Financial Statement Line Item	As of July 2, 2022		As of December 31, 2021
Operating right-of-use assets	Other assets	$	172	$	141
Operating lease liabilities - current	Accrued liabilities	$	36	$	32
Operating lease liabilities - noncurrent	Other long-term liabilities	$	146	$	120

Future Minimum Lease Payments Under Non-cancelable Leases

Future minimum lease payments under non-cancelable leases are as follows:

	As of July 2, 2022
2022 (excluding the six months ended July 2, 2022)	$	22
2023		42
2024		33
2025		28
2026		24
Thereafter		66
Total future minimum lease payments		215
Less: imputed interest		33
Present value of future minimum lease payments	$	182
Weighted-average remaining lease term (years)		6.36
Weighted-average incremental borrowing rate		5.28	%

Supplemental Cash Flow Information Related to Operating Leases

Supplemental cash flow information related to the Company’s operating leases was as follows:

	Six Months Ended
	July 2, 2022		July 3, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Cash outflows for operating leases	$	16	$	17
Non-cash activities:
Right of use assets obtained in exchange for new operating lease liabilities	$	56	$	17