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Leases
 6 Months Ended
Jun. 29, 2024
Leases [Abstract]  
Leases Leases
Components of Lease Expense
Three Months EndedSix Months Ended
(in millions)June 29, 2024July 1, 2023June 29, 2024July 1, 2023
Lease expense:
Operating lease cost$34 $34 $69 $68 
Short-term lease cost— — — 1
Variable cost11 8 22 17 
Sublease income(1)(1)(3)(3)
Net lease expense from operating leases$44 $41 $88 $83 
Lease Assets and Liabilities
(in millions)Statement Line ClassificationJune 29, 2024December 31, 2023
Right-of-use lease assetsOperating lease assets$527 $495 
Current lease liabilitiesAccrued liabilities124 125 
Operating lease liabilitiesOperating lease liabilities421 407 
Other Information Related to Leases
Six Months Ended
(in millions)June 29, 2024July 1, 2023
Supplemental cash flow information:
Net cash used for operating activities related to operating leases$88 $81 
Right-of-use assets obtained in exchange for lease liabilities91 39 
During the six months ended June 29, 2024, the Company recorded $80 million of assets 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.
June 29, 2024December 31, 2023
Weighted average remaining lease terms (years)55
Weighted average discount rate:3.87 %4.34 %
Future Lease Payments
June 29, 2024
(in millions)Operating Leases
Remainder of 2024$60 
2025135 
2026118 
2027100 
202876 
Thereafter114 
Total lease payments603 
Less: interest58 
Present value of lease liabilities$545 
Leases Leases
Components of Lease Expense
Three Months EndedSix Months Ended
(in millions)June 29, 2024July 1, 2023June 29, 2024July 1, 2023
Lease expense:
Operating lease cost$34 $34 $69 $68 
Short-term lease cost— — — 1
Variable cost11 8 22 17 
Sublease income(1)(1)(3)(3)
Net lease expense from operating leases$44 $41 $88 $83 
Lease Assets and Liabilities
(in millions)Statement Line ClassificationJune 29, 2024December 31, 2023
Right-of-use lease assetsOperating lease assets$527 $495 
Current lease liabilitiesAccrued liabilities124 125 
Operating lease liabilitiesOperating lease liabilities421 407 
Other Information Related to Leases
Six Months Ended
(in millions)June 29, 2024July 1, 2023
Supplemental cash flow information:
Net cash used for operating activities related to operating leases$88 $81 
Right-of-use assets obtained in exchange for lease liabilities91 39 
During the six months ended June 29, 2024, the Company recorded $80 million of assets 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.
June 29, 2024December 31, 2023
Weighted average remaining lease terms (years)55
Weighted average discount rate:3.87 %4.34 %
Future Lease Payments
June 29, 2024
(in millions)Operating Leases
Remainder of 2024$60 
2025135 
2026118 
2027100 
202876 
Thereafter114 
Total lease payments603 
Less: interest58 
Present value of lease liabilities$545