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Lease Commitments
12 Months Ended
Dec. 29, 2019
Leases, Operating [Abstract]  
Lease Commitments
Lease Commitments
The Company primarily has operating leases for space, vehicles, manufacturing equipment and data processing equipment. Leases have remaining lease terms ranging from 1 year to 55 years, some of which could include options to extend the leases when they are reasonably certain.

The operating lease costs were approximately $307 million, $332 million and $372 million in 2019, 2018 and 2017, respectively. Cash paid for amounts included in the measurement of lease liabilities in 2019 were $308 million. Commitments under finance leases are not significant. Other supplemental information related to these leases are as follows:

The Weighted Average Remaining Lease Term and discount rate:
Operating leases                        5.8 years
Weighted Average Discount Rate                3%






Maturity of Lease Liabilities related to Operating Lease
The approximate minimum rental payments required under operating leases that have initial or remaining non-cancelable lease terms in excess of one year at December 29, 2019 are:

 (Dollars in Millions)
Operating Leases
2020
$
215

2021
254

2022
197

2023
141

2024
86

After 2024
201

Total lease payments
1,094

Less: Interest
109

Present Value of lease liabilities
$
985



Supplemental information for comparative periods:
As of December 30, 2018, prior to the adoption of ASU 2016-02, the approximate future minimum rental payments required under operating leases that have initial or remaining non-cancelable lease terms in excess of one year were:
(Dollars in Millions)
2019
 
2020
 
2021
 
2022
 
2023
 
After 2023
 
Total
$223
 
188
 
154
 
116
 
76
 
139
 
896


Supplemental balance sheet information related to leases as of December 29, 2019 were as follows:
(Dollars in Millions)
 
 
Non-current operating lease right-of-use assets
 
$
957

Current operating lease liabilities
 
269

Non-current Operating lease liabilities
 
716

       Total operating lease liabilities
 
$
985