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Leases | 12 Months Ended
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Dec. 28, 2024
Leases [Abstract] |
Lessee, Operating Leases | Leases Lessee We determine whether an arrangement is a lease at inception. We have operating leases for plants, warehouses, distribution centers, storage facilities, offices and other facilities, as well as machinery and equipment, including fleet. Our leases generally have remaining lease terms of up to 20 years, some of which include options to extend the lease term for up to five years and some of which include options to terminate the lease within one year. We consider these options in determining the lease term used to establish our right-of-use assets and lease liabilities. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. As most of our leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. We have lease agreements that contain both lease and non-lease components. For real estate leases, we account for lease components together with non-lease components (e.g., common-area maintenance). Components of lease cost are as follows:
| 2024 |  | 2023 |  | 2022
Operating lease cost (a) | $ | 788 |  |  | $ | 666 |  |  | $ | 585 |
Variable lease cost (b) | $ | 165 |  |  | $ | 146 |  |  | $ | 115 |
Short-term lease cost (c) | $ | 566 |  |  | $ | 582 |  |  | $ | 510 |
(a)Includes right-of-use asset amortization of $655 million, $570 million, and $517 million in 2024, 2023, and 2022, respectively. (b)Primarily related to adjustments for inflation, common-area maintenance and property tax. (c)Not recorded on our balance sheet. In 2024, 2023 and 2022, we recognized gains of $118 million, $52 million and $175 million, respectively, on sale-leaseback transactions with terms generally under five years. Supplemental cash flow information and non-cash activity related to our operating leases are as follows:
| 2024 |  | 2023 |  | 2022
Operating cash flow information: |  |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities | $ | 775 |  |  | $ | 655 |  |  | $ | 573 |
Non-cash activity: |  |  |  |  |
Right-of-use assets obtained in exchange for lease obligations | $ | 1,218 |  |  | $ | 1,088 |  |  | $ | 871 |
Supplemental balance sheet information related to our operating leases is as follows:
|  | Balance Sheet Classification |  | 2024 |  | 2023
Right-of-use assets |  | Other assets |  | $ | 3,383 |  |  | $ | 2,905 |
Current lease liabilities |  | Accounts payable and other current liabilities |  | $ | 642 |  |  | $ | 556 |
Non-current lease liabilities |  | Other liabilities |  | $ | 2,803 |  |  | $ | 2,400 |
Weighted-average remaining lease term and discount rate for our operating leases are as follows:
| 2024 |  | 2023 |  | 2022
Weighted-average remaining lease term | 7 years |  | 7 years |  | 7 years
Weighted-average discount rate | 4 | % |  | 4 | % |  | 3 | %
Maturities of lease liabilities by year for our operating leases are as follows:
2025 | $ | 770 |
2026 | 680 |
2027 | 579 |
2028 | 478 |
2029 | 377 |
2030 and beyond | 1,129 |
Total lease payments | 4,013 |
Less: Imputed interest | 568 |
Present value of lease liabilities | $ | 3,445 |
Finance leases were not material as of December 28, 2024, December 30, 2023 and December 31, 2022. Lessor We have various arrangements for certain foodservice and vending equipment under which we are the lessor. These leases meet the criteria for operating lease classification. Lease income associated with these leases is not material.

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- 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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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