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Leases (Tables) | 6 Months Ended
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Jun. 29, 2024
Leases [Abstract] |
Schedule of Balance Sheet and Other Information | Balance sheet and other information related to our leases is as follows:
(Dollars in millions) | June 29, 2024 | December 30, 2023
Operating leases: |  |
Other assets | $ | 370 | $ | 371
Other current liabilities | 57 | 55
Other liabilities | 323 | 326
Weighted-average remaining lease term (in years) | 10.0 | 10.3
Weighted-average discount rate | 4.74% | 4.70%
Finance leases: |  |
Property, plant and equipment, less accumulated amortization of $7 million and $8 million, respectively | $ | 89 | $ | 20
Current portion of long-term debt | 1 | 1
Long-term debt | 88 | 22
Weighted-average remaining lease term (in years) | 5.4 | 14.9
Weighted-average discount rate | 6.45% | 4.55%
Lessee, Operating Lease, Liability, to be Paid, Maturity | Maturities of our lease liabilities at June 29, 2024 are as follows:
(In millions) | Operating Leases | Finance Leases
2024 | $ | 37 | $ | 3
2025 | 67 | 7
2026 | 52 | 7
2027 | 45 | 6
2028 | 42 | 74
Thereafter | 243 | 16
Total lease payments | 486 | 113
Less: interest | (106) | (24)
Total lease liabilities | $ | 380 | $ | 89
Finance Lease, Liability, to be Paid, Maturity | Maturities of our lease liabilities at June 29, 2024 are as follows:
(In millions) | Operating Leases | Finance Leases
2024 | $ | 37 | $ | 3
2025 | 67 | 7
2026 | 52 | 7
2027 | 45 | 6
2028 | 42 | 74
Thereafter | 243 | 16
Total lease payments | 486 | 113
Less: interest | (106) | (24)
Total lease liabilities | $ | 380 | $ | 89

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- Definition Tabular disclosure of balance sheet and other information of our leases. + References No definition available. + Details
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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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