XML 27 R16.htm IDEA: XBRL DOCUMENT
v3.19.1

Leases | 3 Months Ended
--- | ---
Mar. 30, 2019
Leases [Abstract] |
Leases | Leases The Company leases certain manufacturing facilities, distribution centers, sales and administrative offices, equipment, and vehicles which are accounted for as operating leases. Remaining lease terms are up to 13 years, with certain leases containing renewal options. During the three months ended March 30, 2019, expense associated with the Company’s operating leases was $15 million, which included $6 million of variable lease expenses that were not part of the measurement of the ROU assets and lease liabilities. Costs associated with short-term leases were insignificant. During the three months ended March 30, 2019, the Company paid $15 million for operating leases, with such payments included within Net cash provided by operating activities on the Consolidated Statements of Cash Flows. Also, during the three months ended March 30, 2019, the Company obtained $7 million of ROU assets in exchange for operating lease obligations. As of March 30, 2019, the weighted average remaining term of the Company’s operating leases was 6 years, and the weighted average discount rate used to measure the ROU assets and lease liabilities was 6%. Future minimum lease payments under non-cancellable operating leases as of March 30, 2019 were as follows (in millions):
2019 |  | $ | 28 |
2020 |  | 33 |
2021 |  | 28 |
2022 |  | 20 |
2023 |  | 14 |
Thereafter |  | 35 |
Total future minimum lease payments |  | $ | 158 |
Less: Interest |  | (26 | )
Present value of lease liabilities |  | $ | 132 |
Reported as of March 30, 2019: |  |
Current portion of lease liabilities |  | $ | 30 |
Long-term lease liabilities |  | 102 |
Present value of lease liabilities |  | $ | 132 |
The current portion of lease liabilities is included within Accrued liabilities on the Consolidated Balance Sheet. Revenues earned from lease arrangements under which the Company is a lessor are not significant.

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration