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Lease Obligations, Commitments, and Guarantees (Tables) | 12 Months Ended
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Dec. 29, 2024
Leases [Abstract] |
Lessee, Operating Lease, Liability, to be Paid, Maturity | The following table presents the maturities of our lease obligations as of December 29, 2024:
| Operating Leases |  | Finance Leases |  | Total
| (in millions)
2025 | $ | 71 |  |  | $ | 3 |  |  | $ | 73 |
2026 | 57 |  |  | 3 |  |  | 59 |
2027 | 45 |  |  | 2 |  |  | 47 |
2028 | 35 |  |  | 1 |  |  | 36 |
2029 | 26 |  |  | 1 |  |  | 27 |
After 2029 | 208 |  |  | 9 |  |  | 217 |
Total lease payments | $ | 441 |  |  | $ | 19 |  |  | $ | 460 |
Present value discount | (99) |  |  | — |  |  | (99) |
Present value of lease obligations | $ | 341 |  |  | $ | 19 |  |  | $ | 361 |
Finance Lease, Liability, to be Paid, Maturity | The following table presents the maturities of our lease obligations as of December 29, 2024:
| Operating Leases |  | Finance Leases |  | Total
| (in millions)
2025 | $ | 71 |  |  | $ | 3 |  |  | $ | 73 |
2026 | 57 |  |  | 3 |  |  | 59 |
2027 | 45 |  |  | 2 |  |  | 47 |
2028 | 35 |  |  | 1 |  |  | 36 |
2029 | 26 |  |  | 1 |  |  | 27 |
After 2029 | 208 |  |  | 9 |  |  | 217 |
Total lease payments | $ | 441 |  |  | $ | 19 |  |  | $ | 460 |
Present value discount | (99) |  |  | — |  |  | (99) |
Present value of lease obligations | $ | 341 |  |  | $ | 19 |  |  | $ | 361 |
Schedule Of Lease, Cost | The following table presents the weighted-average lease term and discount rate for our finance and operating leases:
| December 29, 2024 |  | December 31, 2023
Weighted-average remaining lease term (years): |  |  |
Finance leases | 9.4 |  | 10.2
Operating leases | 10.8 |  | 10.9
Weighted-average discount rate: |  |  |
Finance leases | 0.8 | % |  | 2.7 | %
Operating leases | 4.8 | % |  | 4.7 | %
The components of total lease cost included in the consolidated statements of income are presented in the following table:
| Fiscal Year
| 2024 |  | 2023 |  | 2022
| (in millions)
Operating lease cost | $ | 83 |  |  | $ | 90 |  |  | $ | 123 |
Finance lease cost: |  |  |  |  |
Amortization of leased assets | 3 |  |  | 23 |  |  | 3 |
Interest on lease obligations | — |  |  | 1 |  |  | — |
Short-term lease cost (1) | 95 |  | 96 |  |  | 71 |
Variable lease cost (2) | 23 |  | 23 |  |  | 21 |
Total lease cost | $ | 204 |  |  | $ | 234 |  |  | $ | 218 |
________________ (1)Represents the expense for leases with terms of one year or less, which are not included in the lease obligation. (2)Represents the expense associated with lease payments that vary based on usage or changes in other circumstances, which are not included in the lease obligation. The following table presents the classification of lease payments associated with our lease obligations in the statements of cash flows, as well as new, or modifications to existing, lease obligations entered into during the periods presented:
| Fiscal Year
| 2024 |  | 2023 |  | 2022
| (in millions)
Classification of lease payments: |  |  |  |  |
Operating cash flows - finance leases (1) | $ | — |  |  | $ | 1 |  |  | $ | — |
Operating cash flows - operating leases | 82 |  |  | 97 |  |  | 120 |
Financing cash flows - finance leases | 3 |  |  | 4 |  |  | 3 |
New, or modifications to existing, finance lease obligations | — |  |  | 1 |  |  | 25 |
New, or modifications to existing, operating lease obligations | 24 |  |  | 42 |  |  | 159 |
________________ (1)Represents the interest component of our payments on finance leases.
Schedule Of Estimated Future Obligations | Our estimated future obligations under these and other commitments are as follows:
Year |  | (in millions)
2025 |  | $ | 3,002 |
2026 |  | 1,802 |
2027 |  | 1,325 |
2028 |  | 984 |
2029 |  | 966 |

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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 lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + 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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