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Leases (Tables)

6 Months Ended

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

X

- Definition

Tabular disclosure of balance sheet and other information of our leases.

+ References

No definition available.

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X

- 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

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- References

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X

- 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

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