Leases

9 Months Ended

Sep. 28, 2024

Leases [Abstract]

Leases

Leases

During the nine months ended September 28, 2024, the Company recorded $36 million of right-of-use (“ROU”) assets obtained in exchange for lease obligations primarily related to the extension of existing leases and the commencement of a new office facility lease.

Future minimum lease payments under non-cancellable leases as of September 28, 2024 were as follows (in millions):

2024 (3 months remaining)	$	16
2025	46
2026	39
2027	32
2028	30
Thereafter	83
Total future minimum lease payments	$	246
Less: Interest	(44)
Present value of lease liabilities	$	202
Reported as of September 28, 2024:
Current portion of lease liabilities	$	40
Long-term lease liabilities	162
Present value of lease liabilities	$	202

The current portion of lease liabilities is included within Accrued liabilities on the Consolidated Balance Sheets.