Recent Accounting Standards (Tables)

12 Months Ended

Dec. 28, 2019

New Accounting Pronouncements and Changes in Accounting Principles [Abstract]

Recent Accounting Standards [Table Text Block]

For the twelve months ended December 28, 2019, lease expense was $185 million. In accordance with the new leases standard, discounted and undiscounted lease payments under non-cancelable leases as of December 28, 2019, excluding non-lease components, were as follows:

(In Millions)	2020		2021		2022		2023		2024		2025 and Thereafter		Total
Lease payments	$	178	$	135	$	97	$	74	$	54	$	57	$	595
Present value of lease payments													$	549

Lease expense was $231 million in 2018 ($264 million in 2017). Prior to our adoption of the new leases standard, future minimum lease payments as of December 29, 2018, which were undiscounted and included lease and non-lease components, were as follows:

(In Millions)	2019		2020		2021		2022		2023		2024 and Thereafter		Total
Minimum rental commitments under all non-cancelable leases	$	229	$	181	$	133	$	101	$	70	$	121	$	835