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PROPERTY AND EQUIPMENT (Tables)
12 Months Ended
Dec. 30, 2023
Schedule of Property and Equipment

Property and equipment consists of:

 

 

 

December 30,

 

 

December 31,

 

(In millions)

 

2023

 

 

2022

 

Land

 

$

18

 

 

$

30

 

Buildings

 

 

68

 

 

 

79

 

Computer software

 

 

796

 

 

 

764

 

Leasehold improvements

 

 

572

 

 

 

565

 

Furniture, fixtures and equipment

 

 

761

 

 

 

753

 

Construction in progress

 

 

22

 

 

 

17

 

 

 

 

2,237

 

 

 

2,208

 

Less accumulated depreciation

 

 

(1,878

)

 

 

(1,856

)

Total

 

$

359

 

 

$

352

 

 

Estimated Future Amortization Expense for Intangible Assets

Estimated future amortization expense related to capitalized software at December 30, 2023 is as follows:

 

(In millions)

 

2024

 

$

53

 

2025

 

 

48

 

2026

 

 

39

 

2027

 

 

26

 

2028

 

 

12

 

Thereafter

 

 

3

 

Assets Held Under Finance Leases  
Schedule of Property and Equipment he above table of property and equipment includes assets held under finance leases as follows:

 

 

 

December 30,

 

 

December 31,

 

(In millions)

 

2023

 

 

2022

 

Buildings

 

$

7

 

 

$

11

 

Furniture, fixtures and equipment

 

 

143

 

 

 

143

 

 

 

 

150

 

 

 

154

 

Less accumulated depreciation

 

 

(125

)

 

 

(125

)

Total

 

$

25

 

 

$

29