Annual report pursuant to Section 13 and 15(d)

Commitments and Guarantees (Tables)

v3.22.4
Commitments and Guarantees (Tables)
12 Months Ended
Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Leases, Supplemental Cash Flows Supplemental information related to leases is as follows:
December 31,
2022
Weighted-average remaining lease term in years – operating leases 5.98
Weighted-average discount rate – operating leases 3.83  %
Operating Lease, Liability, Maturity
Future minimum lease payments under non-cancellable operating lease liabilities as of December 31, 2022 are as follows:
Year (In millions)
2023 $ 109 
2024 99 
2025 88 
2026 77 
2027 59 
2028 and thereafter 113 
        Total minimum lease payments 545 
Less: interest (56)
        Present value of net minimum lease payments 489 
Less: current portion (93)
        Total long-term operating lease liabilities $ 396 
Schedule of Future Unconditional Purchase Obligations
Total future unconditional purchase commitments as of December 31, 2022 were as follows:
 Year (In millions)
2023 $ 6,489 
2024 1,434 
2025 271 
2026 129 
2027 85 
2028 and thereafter 202 
 Total unconditional purchase commitments $ 8,610 
On an ongoing basis, the Company works with suppliers on the timing of payments and deliveries of purchase commitments, taking into account business conditions.
Schedule of Product Warranty Liability
Changes in the Company’s estimated liability for product warranty during 2022 and 2021 are as follows:
December 31,
2022
December 25,
2021
  (In millions)
Beginning balance $ 51  $ 37 
Provisions during the period 115  106 
Settlements during the period (101) (92)
Ending balance $ 65  $ 51