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v3.25.1

Leases | 6 Months Ended
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Mar. 30, 2025
Leases [Abstract] |
Lessee, Operating Leases | Leases The components of lease costs (in millions):
| Quarter Ended |  | Two Quarters Ended
| Mar 30, 2025 |  | Mar 31, 2024 |  | Mar 30, 2025 |  | Mar 31, 2024
Operating lease costs(1) | $ | 458.4 |  |  | $ | 424.1 |  |  | $ | 917.2 |  |  | $ | 841.5 |
Variable lease costs | 297.5 |  |  | 271.7 |  |  | 590.9 |  |  | 543.6 |
Short-term lease costs | 5.3 |  |  | 7.2 |  |  | 10.8 |  |  | 14.9 |
Total lease costs | $ | 761.2 |  |  | $ | 703.0 |  |  | $ | 1,518.9 |  |  | $ | 1,400.0 |
(1)Includes immaterial amounts of sublease income and rent concessions. The following table includes supplemental information (in millions):
| Two Quarters Ended
| Mar 30, 2025 |  | Mar 31, 2024
Cash paid related to operating lease liabilities | $ | 928.8 |  |  | $ | 778.8 |
Operating lease liabilities arising from obtaining right-of-use assets(1) | 1,076.6 |  |  | 980.5 |
| Mar 30, 2025 |  | Mar 31, 2024
Weighted-average remaining operating lease term | 8.6 years |  | 8.6 years
Weighted-average operating lease discount rate | 3.6 | % |  | 3.2 | %
(1)Includes leases obtained in the acquisition of 23.5 Degrees Topco Limited in the first quarter of fiscal 2025. Finance lease assets are recorded in property, plant and equipment, net with the corresponding lease liabilities included in accrued liabilities and other long-term liabilities on the consolidated balance sheets. These balances were not material as of March 30, 2025 and September 29, 2024. Finance lease costs were also immaterial for the quarters ended March 30, 2025 and March 31, 2024. Minimum future maturities of operating lease liabilities (in millions):
Fiscal Year | Total
2025 (excluding the two quarters ended March 30, 2025) | $ | 932.7 |
2026 | 1,796.3 |
2027 | 1,630.6 |
2028 | 1,434.9 |
2029 | 1,251.3 |
Thereafter | 5,188.9 |
Total lease payments | 12,234.7 |
Less imputed interest | (1,797.0) |
Total | $ | 10,437.7 |
As of March 30, 2025, we have entered into operating leases that have not yet commenced of $1.5 billion, primarily related to real estate leases. These leases will commence between fiscal year 2025 and fiscal year 2029 with lease terms ranging from five years to twenty years.

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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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