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Lease Obligations, Commitments, and Guarantees (Tables)

12 Months Ended

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

X

- Definition

Tabular disclosure of contractual obligation by timing of payment due. Includes, but is not limited to, long-term debt obligation, lease obligation, and purchase obligation.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-X (SX)
-Number 210
-Section 12
-Subsection 04
-Subparagraph (a)
-Publisher SEC

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3

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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

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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

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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

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