LEASES (Tables)

12 Months Ended

Dec. 30, 2023

Leases [Abstract]

Components of Lease Expense

The components of lease expense were as follows:

(In millions)	2023			2022			2021
Finance lease cost:
Amortization of right-of-use assets	$	10		$	14		$	18
Interest on lease liabilities		2			2			3
Operating lease cost		325			334			350
Short-term lease cost		9			6			4
Variable lease cost		94			94			99
Sublease income		(1	)		(2	)		(2	)
Total lease cost	$	439		$	448		$	472

Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases was as follows:

(In millions)	2023		2022		2021
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from finance leases	$	2	$	2	$	3
Operating cash flows from operating leases		354		370		408
Financing cash flows from finance leases		15		18		22
Right-of-use assets obtained in exchange for new finance lease liabilities		7		4		3
Right-of-use assets obtained in exchange for new operating lease liabilities		375		228		127

Supplemental Balance Sheets Information Related to Leases

Supplemental balance sheets information related to leases was as follows:

	December 30,			December 31,
(In millions, except lease term and discount rate)	2023			2022
Property and equipment, net	$	25		$	29
Operating lease right-of-use assets		983			874
Accrued expenses and other current liabilities		273			281
Short-term borrowings and current maturities of long-term debt		9			14
Long-term debt, net of current maturities		21			24
Operating lease liabilities		789			693
Weighted-average remaining lease term – finance leases	4			3
Weighted-average remaining lease term – operating leases	5			5
Weighted-average discount rate – finance leases		5.0	%		4.9	%
Weighted-average discount rate – operating leases		6.9	%		6.1	%

Schedule of Maturities of Lease Liabilities Under Operating and Finance Leases

Maturities of lease liabilities as of December 30, 2023 were as follows:

	December 30, 2023
	Operating			Finance
(In millions)	Leases(1)			Leases(2)
2024	$	331		$	10
2025		270			9
2026		227			7
2027		173			5
2028		111			2
Thereafter		147			—
		1,259			33
Less imputed interest		(197	)		(3	)
Total	$	1,062		$	30
Reported as of December 30, 2023
Accrued expenses and other current liabilities	$	273		$	—
Short-term borrowings and current maturities of long-term debt		—			9
Long-term debt, net of current maturities		—			21
Operating lease liabilities		789			—
Total	$	1,062		$	30

(1)Operating lease payments include $6 million related to options to extend lease terms that are reasonably certain of being exercised.

(2)Finance lease payments include $1 million related to options to extend lease terms that are reasonably certain of being exercised. There were no legally binding minimum lease payments for leases signed but not yet commenced.