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Leases | 12 Months Ended
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Sep. 30, 2023
Leases [Abstract] |
Leases | Leases The Company has lease arrangements for certain equipment and facilities, including corporate, data center, manufacturing and retail space. These leases typically have original terms not exceeding 10 years and generally contain multiyear renewal options, some of which are reasonably certain of exercise. Payments under the Company’s lease arrangements may be fixed or variable, and variable lease payments are primarily based on purchases of output of the underlying leased assets. Lease costs associated with fixed payments on the Company’s operating leases were $2.0 billion, $1.9 billion and $1.7 billion for 2023, 2022 and 2021, respectively. Lease costs associated with variable payments on the Company’s leases were $13.9 billion, $14.9 billion and $12.9 billion for 2023, 2022 and 2021, respectively. The Company made $1.9 billion, $1.8 billion and $1.4 billion of fixed cash payments related to operating leases in 2023, 2022 and 2021, respectively. Noncash activities involving right-of-use (“ROU”) assets obtained in exchange for lease liabilities were $2.1 billion, $2.8 billion and $3.3 billion for 2023, 2022 and 2021, respectively. The following table shows ROU assets and lease liabilities, and the associated financial statement line items, as of September 30, 2023 and September 24, 2022 (in millions):
Lease-Related Assets and Liabilities |  | Financial Statement Line Items |  | 2023 |  | 2022 |  |
Right-of-use assets: |  |  |  |  |  |  |  |
Operating leases |  | Other non-current assets |  | $ | 10,661 |  |  | $ | 10,417 |  |  |
Finance leases |  | Property, plant and equipment, net |  | 1,015 |  |  | 952 |  |  |
Total right-of-use assets |  |  |  | $ | 11,676 |  |  | $ | 11,369 |  |  |
Lease liabilities: |  |  |  |  |  |  |  |
Operating leases |  | Other current liabilities |  | $ | 1,410 |  |  | $ | 1,534 |  |  |
|  | Other non-current liabilities |  | 10,408 |  |  | 9,936 |  |  |
Finance leases |  | Other current liabilities |  | 165 |  |  | 129 |  |  |
|  | Other non-current liabilities |  | 859 |  |  | 812 |  |  |
Total lease liabilities |  |  |  | $ | 12,842 |  |  | $ | 12,411 |  |  |
Lease liability maturities as of September 30, 2023, are as follows (in millions):
| Operating Leases |  | Finance Leases |  | Total
2024 | $ | 1,719 |  |  | $ | 196 |  |  | $ | 1,915 |
2025 | 1,875 |  |  | 151 |  |  | 2,026 |
2026 | 1,732 |  |  | 120 |  |  | 1,852 |
2027 | 1,351 |  |  | 52 |  |  | 1,403 |
2028 | 1,181 |  |  | 34 |  |  | 1,215 |
Thereafter | 5,983 |  |  | 872 |  |  | 6,855 |
Total undiscounted liabilities | 13,841 |  |  | 1,425 |  |  | 15,266 |
Less: Imputed interest | (2,023) |  |  | (401) |  |  | (2,424) |
Total lease liabilities | $ | 11,818 |  |  | $ | 1,024 |  |  | $ | 12,842 |
The weighted-average remaining lease term related to the Company’s lease liabilities as of September 30, 2023 and September 24, 2022 was 10.6 years and 10.1 years, respectively. The discount rate related to the Company’s lease liabilities as of September 30, 2023 and September 24, 2022 was 3.0% and 2.3%, respectively. The discount rates related to the Company’s lease liabilities are generally based on estimates of the Company’s incremental borrowing rate, as the discount rates implicit in the Company’s leases cannot be readily determined. As of September 30, 2023, the Company had $544 million of future payments under additional leases, primarily for corporate facilities and retail space, that had not yet commenced. These leases will commence between 2024 and 2026, with lease terms ranging from 1 year to 21 years.
Leases | Leases The Company has lease arrangements for certain equipment and facilities, including corporate, data center, manufacturing and retail space. These leases typically have original terms not exceeding 10 years and generally contain multiyear renewal options, some of which are reasonably certain of exercise. Payments under the Company’s lease arrangements may be fixed or variable, and variable lease payments are primarily based on purchases of output of the underlying leased assets. Lease costs associated with fixed payments on the Company’s operating leases were $2.0 billion, $1.9 billion and $1.7 billion for 2023, 2022 and 2021, respectively. Lease costs associated with variable payments on the Company’s leases were $13.9 billion, $14.9 billion and $12.9 billion for 2023, 2022 and 2021, respectively. The Company made $1.9 billion, $1.8 billion and $1.4 billion of fixed cash payments related to operating leases in 2023, 2022 and 2021, respectively. Noncash activities involving right-of-use (“ROU”) assets obtained in exchange for lease liabilities were $2.1 billion, $2.8 billion and $3.3 billion for 2023, 2022 and 2021, respectively. The following table shows ROU assets and lease liabilities, and the associated financial statement line items, as of September 30, 2023 and September 24, 2022 (in millions):
Lease-Related Assets and Liabilities |  | Financial Statement Line Items |  | 2023 |  | 2022 |  |
Right-of-use assets: |  |  |  |  |  |  |  |
Operating leases |  | Other non-current assets |  | $ | 10,661 |  |  | $ | 10,417 |  |  |
Finance leases |  | Property, plant and equipment, net |  | 1,015 |  |  | 952 |  |  |
Total right-of-use assets |  |  |  | $ | 11,676 |  |  | $ | 11,369 |  |  |
Lease liabilities: |  |  |  |  |  |  |  |
Operating leases |  | Other current liabilities |  | $ | 1,410 |  |  | $ | 1,534 |  |  |
|  | Other non-current liabilities |  | 10,408 |  |  | 9,936 |  |  |
Finance leases |  | Other current liabilities |  | 165 |  |  | 129 |  |  |
|  | Other non-current liabilities |  | 859 |  |  | 812 |  |  |
Total lease liabilities |  |  |  | $ | 12,842 |  |  | $ | 12,411 |  |  |
Lease liability maturities as of September 30, 2023, are as follows (in millions):
| Operating Leases |  | Finance Leases |  | Total
2024 | $ | 1,719 |  |  | $ | 196 |  |  | $ | 1,915 |
2025 | 1,875 |  |  | 151 |  |  | 2,026 |
2026 | 1,732 |  |  | 120 |  |  | 1,852 |
2027 | 1,351 |  |  | 52 |  |  | 1,403 |
2028 | 1,181 |  |  | 34 |  |  | 1,215 |
Thereafter | 5,983 |  |  | 872 |  |  | 6,855 |
Total undiscounted liabilities | 13,841 |  |  | 1,425 |  |  | 15,266 |
Less: Imputed interest | (2,023) |  |  | (401) |  |  | (2,424) |
Total lease liabilities | $ | 11,818 |  |  | $ | 1,024 |  |  | $ | 12,842 |
The weighted-average remaining lease term related to the Company’s lease liabilities as of September 30, 2023 and September 24, 2022 was 10.6 years and 10.1 years, respectively. The discount rate related to the Company’s lease liabilities as of September 30, 2023 and September 24, 2022 was 3.0% and 2.3%, respectively. The discount rates related to the Company’s lease liabilities are generally based on estimates of the Company’s incremental borrowing rate, as the discount rates implicit in the Company’s leases cannot be readily determined. As of September 30, 2023, the Company had $544 million of future payments under additional leases, primarily for corporate facilities and retail space, that had not yet commenced. These leases will commence between 2024 and 2026, with lease terms ranging from 1 year to 21 years.

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
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