Annual report pursuant to Section 13 and 15(d)

Commitments and Guarantees (Tables)

v3.19.3.a.u2
Commitments and Guarantees (Tables)
12 Months Ended
Dec. 28, 2019
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Leases, Supplemental Cash Flows
Supplemental information related to leases is as follows:
 
December 28,
2019
Weighted-average remaining lease term – operating leases
6.26 years

Weighted-average discount rate – operating leases
5.55
%

Operating Lease, Liability, Maturity
Future minimum lease payments under non-cancellable operating lease liabilities as of December 28, 2019 are as follows:
Year
(In millions)
2020
$
54

2021
48

2022
44

2023
37

2024
33

2025 and thereafter
71

        Total minimum lease payments
287

Less: interest
(45
)
        Present value of net minimum lease payments
242

Less: current portion
(43
)
        Total long-term operating lease liabilities
$
199


Schedule of Future Unconditional Purchase Obligations
Total future unconditional purchase obligations as of December 28, 2019 were as follows:
 Year
(In millions)
2020
$
1,731

2021
642

2022
58

2023
5

2024
2

2025 and thereafter
7

 Total unconditional purchase commitments
$
2,445


Product Warranty Disclosure
Changes in the Company’s estimated liability for product warranty during the years ended December 28, 2019 and December 29, 2018 are as follows:
 
December 28,
2019
 
December 29,
2018
 
(In millions)
Beginning balance
$
13

 
$
12

New warranties issued during the period
31

 
27

Settlements during the period
(29
)
 
(28
)
Changes in liability for pre-existing warranties during the period, including expirations

 
2

Ending balance
$
15

 
$
13