Leases (Tables)

3 Months Ended

Mar. 30, 2019

Leases

Schedule of balance sheet and other information

(Dollars in millions)		March 30, 2019
Operating leases:
Other assets	$	301
Other current liabilities		54
Other liabilities		250
Finance leases:
Property, plant and equipment, less accumulated amortization of $50 million	$	117
Short-term and current portion of long-term debt		7
Long-term debt		78
Weighted-average remaining lease term (in years)
Finance leases		14.2
Operating leases		10.4
Weighted-average discount rate
Finance leases		2.72%
Operating leases		4.47%

Summary of maturities of operating lease liabilities

(In millions)		Operating Leases		Finance Leases
2019	$	48	$	7
2020		55		9
2021		42		9
2022		35		9
2023		30		9
Thereafter		177		69
Total lease payments		387		112
Less: interest		(83)		(27)
Total lease liabilities	$	304	$	85

Summary of maturities of finance lease liabilities

(In millions)		Operating Leases		Finance Leases
2019	$	48	$	7
2020		55		9
2021		42		9
2022		35		9
2023		30		9
Thereafter		177		69
Total lease payments		387		112
Less: interest		(83)		(27)
Total lease liabilities	$	304	$	85