XML 76 R55.htm IDEA: XBRL DOCUMENT v3.22.4
LEASE COMMITMENTS (Tables)
 12 Months Ended
Dec. 30, 2022
Leases [Abstract]  
Schedule of Supplemental Balance Sheet Information
Supplemental operating and finance lease balance sheet information at December 30, 2022 and December 31, 2021 is as follows:
(In millions)December 30, 2022December 31, 2021
Operating Leases
Operating lease ROU assets$756 $769 
Other accrued items121 109 
Operating lease liabilities741 768 
Total operating lease liabilities$862 $877 
Finance Leases
Property, plant and equipment$170 $163 
Accumulated amortization(15)(9)
Property, plant and equipment, net$155 $154 
Current portion of long-term debt$5 $4 
Long-term debt165 157 
Total finance lease liabilities$170 $161 
Schedule of Lease Expense and Supplemental Lease Information
The components of lease costs are as follows:
Fiscal Year Ended
(In millions)December 30, 2022December 31, 2021January 1, 2021
Operating lease cost$151 $172 $176 
Short-term and equipment lease cost21 20 7 
Variable lease cost25 20 25 
Other, net(1)
6 3 1 
Total lease cost$203 $215 $209 
______________
(1) Consists of finance amortization and interest costs as well as sublease income.
Other supplemental lease information for fiscal 2022 and 2021 is as follows:
Fiscal Year Ended
(In millions, except lease term and discount rate)December 30, 2022December 31, 2021
Cash paid for amounts included in the measurement of lease liabilities
Net cash provided by operating activities - operating lease payments$148$154
Net cash provided by operating activities - finance lease interest payments55
Net cash used in financing activities - finance lease obligation payments43
Assets obtained in exchange for new lease obligations
ROU assets obtained with operating leases$123$260
Property, plant and equipment obtained with finance leases20120
Weighted average remaining lease term (in years)
Operating leases9.39.8
Finance leases21.323.8
Weighted average discount rate
Operating leases3.5 %3.7 %
Finance leases3.4 %3.1 %
Schedule of Future Lease Payments Under Non-cancelable Operating Leases
Maturities under non-cancelable operating and finance leases at December 30, 2022 were as follows:
(In millions)Operating LeasesFinance Leases
2023$145 $11 
2024143 11 
2025118 11 
202689 11 
202782 10 
Thereafter420 187 
Total future lease payments required(1)
997 241 
Less: imputed interest135 71 
Total$862 $170 
_______________
(1)On December 30, 2022, we had additional future payments on leases of $12 million that had not yet commenced. These leases will commence in 2023, and have lease terms of 7 years to 15 years.
Schedule of Future Lease Payments Under Non-cancelable Finance Leases
Maturities under non-cancelable operating and finance leases at December 30, 2022 were as follows:
(In millions)Operating LeasesFinance Leases
2023$145 $11 
2024143 11 
2025118 11 
202689 11 
202782 10 
Thereafter420 187 
Total future lease payments required(1)
997 241 
Less: imputed interest135 71 
Total$862 $170 
_______________
(1)On December 30, 2022, we had additional future payments on leases of $12 million that had not yet commenced. These leases will commence in 2023, and have lease terms of 7 years to 15 years.