v3.8.0.1
Debt and Other Commitments (Tables)
 12 Months Ended
Dec. 31, 2017
Debt Disclosure [Abstract]  
Schedule of Debt Obligations
Debt obligations consist of the following (dollars in millions):
 
December 31,
2017
 
January 1,
2017
Principal amount of 2019 Notes outstanding
$
633

 
$
633

Principal amount of 2021 Notes outstanding
517

 
517

Unamortized discount of liability component
(75
)
 
(105
)
       Net carrying amount of liability component
1,075

 
1,045

Obligations under financing leases
113

 
9

Other
4

 
4

Less: current portion
(10
)
 
(2
)
       Long-term debt
$
1,182

 
$
1,056

Carrying value of equity component, net of issuance costs
$
161

 
$
161

Fair value of outstanding notes (Level 2)
$
1,305

 
$
1,108

Weighted average remaining amortization period of discount on the liability component
2.8 years

 
3.6 years
Summary of Annual Future Minimum Payments under Leases
As of December 31, 2017, annual future minimum payments of our operating leases and build-to-suit leases, which include those leases accounted for as a financing obligation, were as follows (in millions):
 
Operating
Leases
 
Sublease
Income
 
Net Operating
Leases
 
Build-to-suit Leases
2018
$
55

 
$
(9
)
 
$
46

 
$
22

2019
60

 
(10
)
 
50

 
20

2020
58

 
(10
)
 
48

 
20

2021
57

 
(10
)
 
47

 
21

2022
54

 
(11
)
 
43

 
21

Thereafter
468

 
(16
)
 
452

 
190

Total minimum lease payments
$
752

 
$
(66
)
 
$
686

 
$
294
Summary of Changes in the Facility Exit Obligation
Facility exit obligations were recorded upon vacating our former headquarters in 2011. Changes in the facility exit obligation from December 28, 2014 through December 31, 2017, are as follows (in millions):
 
Facility Exit Obligation
Balance as of December 28, 2014
$
38

Adjustment to facility exit obligation
(5
)
Accretion of interest expense
2

Cash payments
(13
)
Balance as of January 3, 2016
22

Accretion of interest expense
1

Cash payments
(4
)
Balance as of January 1, 2017
19

Accretion of interest expense
1

Cash payments
(3
)
Balance as of December 31, 2017
$
17
Summary of Annual Future Minimum Payments for Noncancelable Purchase Obligations
Annual minimum payments for noncancelable purchase obligations as of December 31, 2017 are as follows (in millions):
 
Minimum Payments
2018
$
27

2019
60

2020
20

Total
$
107