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Leases
 3 Months Ended
Apr. 02, 2022
Leases [Abstract]  
Leases Leases
Components of Lease Expense
Three Months Ended
(in millions)April 2, 2022April 3, 2021
Lease expense:
Operating lease cost$33 $33 
Finance lease cost
Amortization of right-of-use assets2 3 
Short-term lease cost1 1 
Variable cost9 9 
Sublease income(1)(1)
Net lease expense$44 $45 

Lease Assets and Liabilities
(in millions)Statement Line ClassificationApril 2, 2022December 31, 2021
Assets:
Operating lease assetsOperating lease assets$387 $382 
Finance lease assetsProperty, plant and equipment, net15 16 
$402 $398 
Current liabilities:
Operating lease liabilitiesAccrued liabilities$102 $124 
Finance lease liabilitiesCurrent portion of long-term debt3 4 
$105 $128 
Non-current liabilities:
Operating lease liabilitiesOperating lease liabilities$320 $313 
$320 $313 
Other Information Related to Leases
Three Months Ended
(in millions)April 2, 2022April 3, 2021
Supplemental cash flow information:
Net cash used for operating activities related to operating leases$62 $54 
Net cash used for financing activities related to finance leases2 3 
Assets obtained in exchange for lease liabilities:
Operating leases$40 $15 
The increase in assets obtained in exchange for lease liabilities for the three months ended April 2, 2022 compared to the three months ended April 3, 2021 was primarily due to $27 million of additional leases acquired in connection with the Company's acquisition of TETRA Ireland during the quarter ended April 2, 2022.
April 2, 2022December 31, 2021
Weighted average remaining lease terms (years):
Operating leases66
Finance leases11
Weighted average discount rate:
Operating leases3.18 %3.11 %
Finance leases3.94 %3.99 %
Future Lease Payments
April 2, 2022
(in millions)Operating LeasesFinance LeasesTotal
Remainder of 2022$81 $3 $84 
202391 — 91 
202476 — 76 
202560 — 60 
202648 — 48 
Thereafter109 — 109 
Total lease payments465 3 468 
Less: interest43 — 43 
Present value of lease liabilities$422 $3 $425 
Leases Leases
Components of Lease Expense
Three Months Ended
(in millions)April 2, 2022April 3, 2021
Lease expense:
Operating lease cost$33 $33 
Finance lease cost
Amortization of right-of-use assets2 3 
Short-term lease cost1 1 
Variable cost9 9 
Sublease income(1)(1)
Net lease expense$44 $45 

Lease Assets and Liabilities
(in millions)Statement Line ClassificationApril 2, 2022December 31, 2021
Assets:
Operating lease assetsOperating lease assets$387 $382 
Finance lease assetsProperty, plant and equipment, net15 16 
$402 $398 
Current liabilities:
Operating lease liabilitiesAccrued liabilities$102 $124 
Finance lease liabilitiesCurrent portion of long-term debt3 4 
$105 $128 
Non-current liabilities:
Operating lease liabilitiesOperating lease liabilities$320 $313 
$320 $313 
Other Information Related to Leases
Three Months Ended
(in millions)April 2, 2022April 3, 2021
Supplemental cash flow information:
Net cash used for operating activities related to operating leases$62 $54 
Net cash used for financing activities related to finance leases2 3 
Assets obtained in exchange for lease liabilities:
Operating leases$40 $15 
The increase in assets obtained in exchange for lease liabilities for the three months ended April 2, 2022 compared to the three months ended April 3, 2021 was primarily due to $27 million of additional leases acquired in connection with the Company's acquisition of TETRA Ireland during the quarter ended April 2, 2022.
April 2, 2022December 31, 2021
Weighted average remaining lease terms (years):
Operating leases66
Finance leases11
Weighted average discount rate:
Operating leases3.18 %3.11 %
Finance leases3.94 %3.99 %
Future Lease Payments
April 2, 2022
(in millions)Operating LeasesFinance LeasesTotal
Remainder of 2022$81 $3 $84 
202391 — 91 
202476 — 76 
202560 — 60 
202648 — 48 
Thereafter109 — 109 
Total lease payments465 3 468 
Less: interest43 — 43 
Present value of lease liabilities$422 $3 $425