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Leases (Tables)
3 Months Ended
Apr. 01, 2023
Leases [Abstract]  
Components of Lease Expense and Other Information
Three Months Ended
(in millions)April 1, 2023April 2, 2022
Lease expense:
Operating lease cost$34 $33 
Finance lease cost
Amortization of right-of-use assets$1 $
Short-term lease cost$ $
Variable cost9 
Sublease income(2)(1)
Net lease expense$42 $44 
Three Months Ended
(in millions)April 1, 2023April 2, 2022
Supplemental cash flow information:
Net cash used for operating activities related to operating leases$52 $62 
Net cash used for financing activities related to finance leases 
Assets obtained in exchange for lease liabilities:
Operating leases$8 $40 
April 1, 2023December 31, 2022
Weighted average remaining lease terms (years):
Operating leases55
Finance leases11
Weighted average discount rate:
Operating leases4.09 %4.07 %
Finance leases2.77 %3.23 %
Lease Assets and Liabilities
(in millions)Statement Line ClassificationApril 1, 2023December 31, 2022
Assets:
Operating lease assetsOperating lease assets$472 $485 
Finance lease assetsProperty, plant and equipment, net10 
$482 $494 
Current liabilities:
Operating lease liabilitiesAccrued liabilities$108 $118 
Finance lease liabilitiesCurrent portion of long-term debt1 
$109 $119 
Non-current liabilities:
Operating lease liabilitiesOperating lease liabilities$398 $419 
Future Lease Payments, Operating
April 1, 2023
(in millions)Operating LeasesFinance LeasesTotal
Remainder of 2023$90 $$91 
2024129 — 129 
2025112 — 112 
202696 — 96 
202751 — 51 
Thereafter81 — 81 
Total lease payments$559 $$560 
Less: Interest53 — 53 
Present value of lease liabilities$506 $$507 
Future Lease Payments, Finance
April 1, 2023
(in millions)Operating LeasesFinance LeasesTotal
Remainder of 2023$90 $$91 
2024129 — 129 
2025112 — 112 
202696 — 96 
202751 — 51 
Thereafter81 — 81 
Total lease payments$559 $$560 
Less: Interest53 — 53 
Present value of lease liabilities$506 $$507