Leases and Other Commitments

12 Months Ended

Jan. 03, 2015

Leases [Abstract]

Leases and Other Commitments [Text Block]

NOTE 5

LEASES AND OTHER COMMITMENTS

The Company's leases are generally for equipment and warehouse space. Rent expense on all operating leases was (in millions): 2014-$183; 2013-$174; 2012-$174. During 2014 and 2013, the Company entered into less than $1 million in capital lease agreements. In 2012, the Company entered into approximately $4 million in capital lease agreements to finance the purchase of equipment.

At January 3, 2015, future minimum annual lease commitments under non-cancelable operating and capital leases were as follows:

		Operating		Capital
(millions)		leases		leases
2015	$	176	$	1
2016		157		1
2017		119		1
2018		90		1
2019		64		1
2020 and beyond		115		1
Total minimum payments	$	721	$	6
Amount representing interest				(1)
Obligations under capital leases				5
Obligations due within one year				(1)
Long-term obligations under capital leases			$	4

The Company has provided various standard indemnifications in agreements to sell and purchase business assets and lease facilities over the past several years, related primarily to pre-existing tax, environmental, and employee benefit obligations. Certain of these indemnifications are limited by agreement in either amount and/or term and others are unlimited. The Company has also provided various “hold harmless” provisions within certain service type agreements. Because the Company is not currently aware of any actual exposures associated with these indemnifications, management is unable to estimate the maximum potential future payments to be made. At January 3, 2015, the Company had not recorded any liability related to these indemnifications.