Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 29, 2019

Accounting Policies [Abstract]

Schedule of Future Minimum Rental Payments for Operating Leases

As noted in the Company’s 2018 10-K, the approximate minimum rental payments required under operating leases that had initial or remaining non-cancelable lease terms in excess of one year at December 30, 2018 were:

(Dollars in Millions)

2019	2020	2021	2022	2023	After 2023	Total
$223	188	154	116	76	139	896

Schedule of Maturities of Lease Liabilities Related to Operating Leases

The minimum rental payments required under operating leases that have initial or remaining non-cancellable lease terms in excess of one year as of September 29, 2019 are:

(Dollars in Millions)	Operating Leases
2019 (for the remainder of fiscal 2019)	$	82
2020	274
2021	218
2022	160
2023	106
After 2023	241
Total lease payments	1,081
Less: Interest	89
Present Value of lease liabilities	$	992

Schedule of Supplemental Balance Sheet Information

Supplemental balance sheet information (for the fiscal third quarter ended September 29, 2019):

(Dollars in Millions)
Non-current operating lease right-of-use assets	$	963
Current operating lease liabilities	266
Non-current Operating lease liabilities	726
Total operating lease liabilities	$	992