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Contingencies and Commitments (Tables)
8 Months Ended
Jul. 08, 2022
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Future Minimum Lease Payments

The following is a schedule by years of future minimum lease payments for transportation leases and right-of-use assets:

 

Fiscal Year 

Financing

Obligations

 
2022  $193 
2023   381 
2024   101 
2025   70 
Later Years   - 
Total Minimum Lease Payments(a)  $745 
Less: Amount representing executory costs   (42)
Less: Amount representing interest(b)   (5)
Present value of future minimum lease payments(c)  $698 

 

(a) Minimum payments exclude contingent rentals based on actual mileage and adjustments of rental payments based on the Consumer Price Index.
(b) Amount necessary to reduce net minimum lease payments to present value calculated at the Company’s incremental borrowing rate at the inception of the leases.
(c) Reflected in Part I. Financial Information, Item 1. a. of the Condensed Consolidated Balance Sheets as current and noncurrent obligations under capital leases of $166 and $160, and right-of-use assets of $354 and $18, respectively as of July 8, 2022.