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Leases | 12 Months Ended
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Sep. 28, 2024
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 for both 2024 and 2023 and $1.9 billion for 2022. Lease costs associated with variable payments on the Company’s leases were $13.8 billion, $13.9 billion and $14.9 billion for 2024, 2023 and 2022, respectively. The Company made fixed cash payments related to operating leases of $1.9 billion in both 2024 and 2023 and $1.8 billion in 2022. Noncash activities involving right-of-use (“ROU”) assets obtained in exchange for lease liabilities were $1.0 billion, $2.1 billion and $2.8 billion for 2024, 2023 and 2022, respectively. The following table shows ROU assets and lease liabilities, and the associated financial statement line items, as of September 28, 2024 and September 30, 2023 (in millions):
Lease-Related Assets and Liabilities |  | Financial Statement Line Items |  | 2024 |  | 2023 |  |
Right-of-use assets: |  |  |  |  |  |  |  |
Operating leases |  | Other non-current assets |  | $ | 10,234 |  |  | $ | 10,661 |  |  |
Finance leases |  | Property, plant and equipment, net |  | 1,069 |  |  | 1,015 |  |  |
Total right-of-use assets |  |  |  | $ | 11,303 |  |  | $ | 11,676 |  |  |
Lease liabilities: |  |  |  |  |  |  |  |
Operating leases |  | Other current liabilities |  | $ | 1,488 |  |  | $ | 1,410 |  |  |
|  | Other non-current liabilities |  | 10,046 |  |  | 10,408 |  |  |
Finance leases |  | Other current liabilities |  | 144 |  |  | 165 |  |  |
|  | Other non-current liabilities |  | 752 |  |  | 859 |  |  |
Total lease liabilities |  |  |  | $ | 12,430 |  |  | $ | 12,842 |  |  |
Lease liability maturities as of September 28, 2024, are as follows (in millions):
| Operating Leases |  | Finance Leases |  | Total
2025 | $ | 1,820 |  |  | $ | 171 |  |  | $ | 1,991 |
2026 | 1,914 |  |  | 131 |  |  | 2,045 |
2027 | 1,674 |  |  | 59 |  |  | 1,733 |
2028 | 1,360 |  |  | 38 |  |  | 1,398 |
2029 | 1,187 |  |  | 36 |  |  | 1,223 |
Thereafter | 5,563 |  |  | 837 |  |  | 6,400 |
Total undiscounted liabilities | 13,518 |  |  | 1,272 |  |  | 14,790 |
Less: Imputed interest | (1,984) |  |  | (376) |  |  | (2,360) |
Total lease liabilities | $ | 11,534 |  |  | $ | 896 |  |  | $ | 12,430 |
The weighted-average remaining lease term related to the Company’s lease liabilities as of September 28, 2024 and September 30, 2023 was 10.3 years and 10.6 years, respectively. The discount rate related to the Company’s lease liabilities as of September 28, 2024 and September 30, 2023 was 3.1% and 3.0%, 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 28, 2024, the Company had $849 million of fixed payment obligations under additional leases, primarily for corporate facilities and retail space, that had not yet commenced. These leases will commence between 2025 and 2026, with lease terms ranging from less than 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 for both 2024 and 2023 and $1.9 billion for 2022. Lease costs associated with variable payments on the Company’s leases were $13.8 billion, $13.9 billion and $14.9 billion for 2024, 2023 and 2022, respectively. The Company made fixed cash payments related to operating leases of $1.9 billion in both 2024 and 2023 and $1.8 billion in 2022. Noncash activities involving right-of-use (“ROU”) assets obtained in exchange for lease liabilities were $1.0 billion, $2.1 billion and $2.8 billion for 2024, 2023 and 2022, respectively. The following table shows ROU assets and lease liabilities, and the associated financial statement line items, as of September 28, 2024 and September 30, 2023 (in millions):
Lease-Related Assets and Liabilities |  | Financial Statement Line Items |  | 2024 |  | 2023 |  |
Right-of-use assets: |  |  |  |  |  |  |  |
Operating leases |  | Other non-current assets |  | $ | 10,234 |  |  | $ | 10,661 |  |  |
Finance leases |  | Property, plant and equipment, net |  | 1,069 |  |  | 1,015 |  |  |
Total right-of-use assets |  |  |  | $ | 11,303 |  |  | $ | 11,676 |  |  |
Lease liabilities: |  |  |  |  |  |  |  |
Operating leases |  | Other current liabilities |  | $ | 1,488 |  |  | $ | 1,410 |  |  |
|  | Other non-current liabilities |  | 10,046 |  |  | 10,408 |  |  |
Finance leases |  | Other current liabilities |  | 144 |  |  | 165 |  |  |
|  | Other non-current liabilities |  | 752 |  |  | 859 |  |  |
Total lease liabilities |  |  |  | $ | 12,430 |  |  | $ | 12,842 |  |  |
Lease liability maturities as of September 28, 2024, are as follows (in millions):
| Operating Leases |  | Finance Leases |  | Total
2025 | $ | 1,820 |  |  | $ | 171 |  |  | $ | 1,991 |
2026 | 1,914 |  |  | 131 |  |  | 2,045 |
2027 | 1,674 |  |  | 59 |  |  | 1,733 |
2028 | 1,360 |  |  | 38 |  |  | 1,398 |
2029 | 1,187 |  |  | 36 |  |  | 1,223 |
Thereafter | 5,563 |  |  | 837 |  |  | 6,400 |
Total undiscounted liabilities | 13,518 |  |  | 1,272 |  |  | 14,790 |
Less: Imputed interest | (1,984) |  |  | (376) |  |  | (2,360) |
Total lease liabilities | $ | 11,534 |  |  | $ | 896 |  |  | $ | 12,430 |
The weighted-average remaining lease term related to the Company’s lease liabilities as of September 28, 2024 and September 30, 2023 was 10.3 years and 10.6 years, respectively. The discount rate related to the Company’s lease liabilities as of September 28, 2024 and September 30, 2023 was 3.1% and 3.0%, 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 28, 2024, the Company had $849 million of fixed payment obligations under additional leases, primarily for corporate facilities and retail space, that had not yet commenced. These leases will commence between 2025 and 2026, with lease terms ranging from less than 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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