Leases (Tables)

3 Months Ended

Mar. 30, 2024

Leases [Abstract]

Components of Lease Expense and Other Information

Components of Lease Expense

	Three Months Ended
(in millions)	March 30, 2024		April 1, 2023
Lease expense:
Operating lease cost	$	35	$	34
Short-term lease cost	—		1
Variable cost	11		9
Sublease income	(1)		(2)
Net lease expense from operating leases	$	45	$	42

Other Information Related to Leases

	Three Months Ended
(in millions)	March 30, 2024		April 1, 2023
Supplemental cash flow information:
Net cash used for operating activities related to operating leases	$	38	$	52
Right-of-use assets obtained in exchange for lease liabilities	$	83	$	8

	March 30, 2024		December 31, 2023
Weighted average remaining lease terms (years)	6		5
Weighted average discount rate	3.82	%	4.34	%

Lease Assets and Liabilities

Lease Assets and Liabilities

(in millions)	Statement Line Classification	March 30, 2024		December 31, 2023
Right-of-use lease assets	Operating lease assets	$	534	$	495
Current lease liabilities	Accrued liabilities	$	122	$	125
Operating lease liabilities	Operating lease liabilities	$	447	$	407

Future Lease Payments, Operating

Future Lease Payments

	March 30, 2024
(in millions)	Operating Leases
Remainder of 2024	$	99
2025	132
2026	115
2027	98
2028	76
Thereafter	114
Total lease payments	634
Less: Interest	65
Present value of lease liabilities	$	569

Future Lease Payments, Finance

Future Lease Payments

	March 30, 2024
(in millions)	Operating Leases
Remainder of 2024	$	99
2025	132
2026	115
2027	98
2028	76
Thereafter	114
Total lease payments	634
Less: Interest	65
Present value of lease liabilities	$	569