Annual report pursuant to Section 13 and 15(d)

Commitments and Guarantees (Tables)

v3.20.4
Commitments and Guarantees (Tables)
12 Months Ended
Dec. 26, 2020
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Leases, Supplemental Cash Flows Supplemental information related to leases is as follows:
December 26,
2020
Weighted-average remaining lease term – operating leases 5.56 years
Weighted-average discount rate – operating leases 5.29  %
Operating Lease, Liability, Maturity
Future minimum lease payments under non-cancellable operating lease liabilities as of December 26, 2020 are as follows:
Year (In millions)
2021 $ 52 
2022 55 
2023 48 
2024 41 
2025 34 
2026 and thereafter 54 
        Total minimum lease payments 284 
Less: interest (42)
        Present value of net minimum lease payments 242 
Less: current portion (41)
        Total long-term operating lease liabilities $ 201 
Schedule of Future Unconditional Purchase Obligations
Total future unconditional purchase obligations as of December 26, 2020 were as follows:
 Year (In millions)
2021 $ 3,026 
2022 71 
2023 34 
2024 25 
2025 23 
2026 and thereafter 12 
 Total unconditional purchase commitments $ 3,191 
Schedule of Product Warranty Liability
Changes in the Company’s estimated liability for product warranty during the years ended December 26, 2020 and December 28, 2019 are as follows:
December 26,
2020
December 28,
2019
  (In millions)
Beginning balance $ 15  $ 13 
Provisions during the period 82  31 
Settlements during the period (60) (29)
Ending balance $ 37  $ 15