Annual report pursuant to Section 13 and 15(d)

Commitments and Guarantees (Tables)

v3.22.0.1
Commitments and Guarantees (Tables)
 12 Months Ended
Dec. 25, 2021
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Leases, Supplemental Cash Flows Supplemental information related to leases is as follows:
December 25,
2021
Weighted-average remaining lease term in years – operating leases 6.10
Weighted-average discount rate – operating leases 3.70  %
Operating Lease, Liability, Maturity
Future minimum lease payments under non-cancellable operating lease liabilities as of December 25, 2021 are as follows:
Year (In millions)
2022 $ 89 
2023 85 
2024 78 
2025 68 
2026 59 
2027 and thereafter 92 
        Total minimum lease payments 471 
Less: interest (52)
        Present value of net minimum lease payments 419 
Less: current portion (71)
        Total long-term operating lease liabilities $ 348 
Schedule of Future Unconditional Purchase Obligations
Total future unconditional purchase commitments as of December 25, 2021 were as follows:
 Year (In millions)
2022 $ 5,765 
2023 1,658 
2024 755 
2025 329 
2026 176 
2027 and thereafter 383 
 Total unconditional purchase commitments $ 9,066 
Schedule of Product Warranty Liability
Changes in the Company’s estimated liability for product warranty during the years ended December 25, 2021 and December 26, 2020 are as follows:
December 25,
2021		 December 26,
2020
  (In millions)
Beginning balance $ 37  $ 15 
Provisions during the period 106  82 
Settlements during the period (92) (60)
Ending balance $ 51  $ 37