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Leases | 3 Months Ended
--- | ---
Mar. 30, 2024
Leases [Abstract] |
Leases | Leases Components of Lease Expense
| Three Months Ended
(in millions) | March 30, 2024 |  | April 1, 2023
Lease expense: |  |  |
Operating lease cost | $ | 35 |  |  | $ | 34 |
Short-term lease cost | — |  |  | 1
Variable cost | 11 |  |  | 9 |
Sublease income | (1) |  |  | (2) |
Net lease expense from operating leases | $ | 45 |  |  | $ | 42 |
Lease Assets and Liabilities
(in millions) |  | Statement Line Classification |  | March 30, 2024 |  | December 31, 2023 |  |
Right-of-use lease assets |  | Operating lease assets |  | $ | 534 |  |  | $ | 495 |  |  |
Current lease liabilities |  | Accrued liabilities |  | $ | 122 |  |  | $ | 125 |  |  |
Operating lease liabilities |  | Operating lease liabilities |  | $ | 447 |  |  | $ | 407 |  |  |
Other Information Related to Leases
| Three Months Ended |  |
(in millions) | March 30, 2024 |  | April 1, 2023 |  |
Supplemental cash flow information: |  |  |  |  |
Net cash used for operating activities related to operating leases | $ | 38 |  |  | $ | 52 |  |  |
Right-of-use assets obtained in exchange for lease liabilities | $ | 83 |  |  | $ | 8 |  |  |
For the three months ended March 30, 2024, the Company recorded $80 million of as s ets obtained in exchange for lease liabilities due to an assumption that it is reasonably certain that renewal options will be extended on its radio tower site leases operated within the Airwave radio network, consistent with the UK Home Office's notice of contract extension pursuant to their Deferred National Shutdown Notice through December 31, 2029.
| March 30, 2024 |  | December 31, 2023
Weighted average remaining lease terms (years) | 6 |  | 5
Weighted average discount rate | 3.82 | % |  | 4.34 | %
Future Lease Payments
| March 30, 2024 |  |  |  |
(in millions) | Operating Leases |  |  |  |
Remainder of 2024 | $ | 99 |  |  |  |  |
2025 | 132 |  |  |  |  |
2026 | 115 |  |  |  |  |
2027 | 98 |  |  |  |  |
2028 | 76 |  |  |  |  |
Thereafter | 114 |  |  |  |  |
Total lease payments | 634 |  |  |  |  |
Less: Interest | 65 |  |  |  |  |
Present value of lease liabilities | $ | 569 |  |  |  |  |
Leases | Leases Components of Lease Expense
| Three Months Ended
(in millions) | March 30, 2024 |  | April 1, 2023
Lease expense: |  |  |
Operating lease cost | $ | 35 |  |  | $ | 34 |
Short-term lease cost | — |  |  | 1
Variable cost | 11 |  |  | 9 |
Sublease income | (1) |  |  | (2) |
Net lease expense from operating leases | $ | 45 |  |  | $ | 42 |
Lease Assets and Liabilities
(in millions) |  | Statement Line Classification |  | March 30, 2024 |  | December 31, 2023 |  |
Right-of-use lease assets |  | Operating lease assets |  | $ | 534 |  |  | $ | 495 |  |  |
Current lease liabilities |  | Accrued liabilities |  | $ | 122 |  |  | $ | 125 |  |  |
Operating lease liabilities |  | Operating lease liabilities |  | $ | 447 |  |  | $ | 407 |  |  |
Other Information Related to Leases
| Three Months Ended |  |
(in millions) | March 30, 2024 |  | April 1, 2023 |  |
Supplemental cash flow information: |  |  |  |  |
Net cash used for operating activities related to operating leases | $ | 38 |  |  | $ | 52 |  |  |
Right-of-use assets obtained in exchange for lease liabilities | $ | 83 |  |  | $ | 8 |  |  |
For the three months ended March 30, 2024, the Company recorded $80 million of as s ets obtained in exchange for lease liabilities due to an assumption that it is reasonably certain that renewal options will be extended on its radio tower site leases operated within the Airwave radio network, consistent with the UK Home Office's notice of contract extension pursuant to their Deferred National Shutdown Notice through December 31, 2029.
| March 30, 2024 |  | December 31, 2023
Weighted average remaining lease terms (years) | 6 |  | 5
Weighted average discount rate | 3.82 | % |  | 4.34 | %
Future Lease Payments
| March 30, 2024 |  |  |  |
(in millions) | Operating Leases |  |  |  |
Remainder of 2024 | $ | 99 |  |  |  |  |
2025 | 132 |  |  |  |  |
2026 | 115 |  |  |  |  |
2027 | 98 |  |  |  |  |
2028 | 76 |  |  |  |  |
Thereafter | 114 |  |  |  |  |
Total lease payments | 634 |  |  |  |  |
Less: Interest | 65 |  |  |  |  |
Present value of lease liabilities | $ | 569 |  |  |  |  |

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance 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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- 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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