Annual report pursuant to Section 13 and 15(d)

Commitments and Guarantees (Tables)

v3.24.0.1
Commitments and Guarantees (Tables)
12 Months Ended
Dec. 30, 2023
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Leases, Supplemental Cash Flows Supplemental information related to leases is as follows:
December 30,
2023
Weighted-average remaining lease term in years – operating leases 8.08
Weighted-average discount rate – operating leases 4.57  %
Operating Lease, Liability, Maturity
Future minimum lease payments under non-cancellable operating lease liabilities as of December 30, 2023 are as follows:
Year (In millions)
2024 $ 132 
2025 107 
2026 108 
2027 87 
2028 61 
2029 and thereafter 283 
        Total minimum lease payments 778 
Less: interest (137)
        Present value of net minimum lease payments 641 
Less: current portion (106)
        Total long-term operating lease liabilities $ 535 
Schedule of Future Unconditional Purchase Obligations
Total future unconditional purchase commitments as of December 30, 2023 were as follows:
 Year (In millions)
2024 $ 3,858 
2025 351 
2026 186 
2027 51 
2028 49 
2029 and thereafter 99 
 Total unconditional purchase commitments $ 4,594 
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 2023 and 2022 are as follows:
December 30,
2023
December 31,
2022
  (In millions)
Beginning balance $ 65  $ 51 
Provisions during the period 126  115 
Settlements during the period (106) (101)
Ending balance $ 85  $ 65