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Leases
 6 Months Ended
Jun. 27, 2020
Leases [Abstract]  
Operating Leases Leases
The components of the Company's lease expense are as follows:
Three months endedSix Months Ended
(in millions)June 27, 2020June 29, 2019June 27, 2020June 29, 2019
Lease expense:
Operating lease cost$33  $33  $67  $65  
Finance lease cost
Amortization of right-of-use assets3  3  6  6  
Interest on lease liabilities—  —  1  1  
Total finance lease cost3  3  7  7  
Short-term lease cost1  1  1  3  
Variable cost9  8  17  17  
Sublease income(1) (1) (2) (2) 
Net lease expense$45  $44  $90  $90  

Lease assets and liabilities consist of the following:
(in millions)Statement Line ClassificationJune 27, 2020December 31, 2019
Assets:
Operating lease assetsOperating lease assets$462  $554  
Finance lease assetsProperty, plant, and equipment, net31  41  
$493  $595  
Current liabilities:
Operating lease liabilitiesAccrued liabilities$123  $122  
Finance lease liabilitiesCurrent portion of long-term debt11  13  
$134  $135  
Non-current liabilities:
Operating lease liabilitiesOperating lease liabilities$385  $497  
Finance lease liabilitiesLong-term debt9  16  
$394  $513  
For the three months ended June 27, 2020, the Company exercised a break option reducing the term of an International office lease by five years. This resulted in a reduction to both the right of use ("ROU") asset and lease liabilities by approximately $47 million.
Other information related to leases is as follows:
Six Months Ended
(in millions)June 27, 2020June 29, 2019
Supplemental cash flow information:
Net cash used for operating activities related to operating leases$84  $80  
Net cash used for operating activities related to finance leases1  1  
Net cash used for financing activities related to finance leases6  8  
Assets obtained in exchange for lease liabilities:
Operating leases$24  $45  

(in millions)June 27, 2020December 31, 2019
Weighted average remaining lease terms (years):
Operating leases67
Finance leases22
Weighted average discount rate:
Operating leases3.57 %3.61 %
Finance leases4.25 %4.28 %

Future lease payments as of June 27, 2020 are as follows:
(in millions)Operating LeasesFinance LeasesTotal
Remainder of 2020$61  $6  $67  
2021129  11  140  
2022113  4  117  
202363  1  64  
202452  —  52  
Thereafter154  —  154  
Total lease payments572  22  594  
Less: interest64  2  66  
Present value of lease liabilities$508  $20  $528  
Finance Leases Leases
The components of the Company's lease expense are as follows:
Three months endedSix Months Ended
(in millions)June 27, 2020June 29, 2019June 27, 2020June 29, 2019
Lease expense:
Operating lease cost$33  $33  $67  $65  
Finance lease cost
Amortization of right-of-use assets3  3  6  6  
Interest on lease liabilities—  —  1  1  
Total finance lease cost3  3  7  7  
Short-term lease cost1  1  1  3  
Variable cost9  8  17  17  
Sublease income(1) (1) (2) (2) 
Net lease expense$45  $44  $90  $90  

Lease assets and liabilities consist of the following:
(in millions)Statement Line ClassificationJune 27, 2020December 31, 2019
Assets:
Operating lease assetsOperating lease assets$462  $554  
Finance lease assetsProperty, plant, and equipment, net31  41  
$493  $595  
Current liabilities:
Operating lease liabilitiesAccrued liabilities$123  $122  
Finance lease liabilitiesCurrent portion of long-term debt11  13  
$134  $135  
Non-current liabilities:
Operating lease liabilitiesOperating lease liabilities$385  $497  
Finance lease liabilitiesLong-term debt9  16  
$394  $513  
For the three months ended June 27, 2020, the Company exercised a break option reducing the term of an International office lease by five years. This resulted in a reduction to both the right of use ("ROU") asset and lease liabilities by approximately $47 million.
Other information related to leases is as follows:
Six Months Ended
(in millions)June 27, 2020June 29, 2019
Supplemental cash flow information:
Net cash used for operating activities related to operating leases$84  $80  
Net cash used for operating activities related to finance leases1  1  
Net cash used for financing activities related to finance leases6  8  
Assets obtained in exchange for lease liabilities:
Operating leases$24  $45  

(in millions)June 27, 2020December 31, 2019
Weighted average remaining lease terms (years):
Operating leases67
Finance leases22
Weighted average discount rate:
Operating leases3.57 %3.61 %
Finance leases4.25 %4.28 %

Future lease payments as of June 27, 2020 are as follows:
(in millions)Operating LeasesFinance LeasesTotal
Remainder of 2020$61  $6  $67  
2021129  11  140  
2022113  4  117  
202363  1  64  
202452  —  52  
Thereafter154  —  154  
Total lease payments572  22  594  
Less: interest64  2  66  
Present value of lease liabilities$508  $20  $528