Leases

9 Months Ended

Oct. 01, 2022

Leases [Abstract]

Leases

Leases

During the three months ended October 1, 2022, the Company recorded an additional $14 million of right-of-use (“ROU”) assets obtained in exchange for lease obligations primarily related to the extension of two distribution center lease agreements.

Future minimum lease payments under non-cancellable leases as of October 1, 2022 were as follows (in millions):

2022 (remaining 3 months)	$	8
2023	46
2024	44
2025	32
2026	25
Thereafter	64
Total future minimum lease payments	$	219
Less: Interest	(34)
Present value of lease liabilities	$	185
Reported as of October 1, 2022:
Current portion of lease liabilities	$	35
Long-term lease liabilities	150
Present value of lease liabilities	$	185

The current portion of lease liabilities is included within Accrued liabilities on the Consolidated Balance Sheets.