XML 49 R36.htm IDEA: XBRL DOCUMENT v3.25.2
LEASES (Tables)
9 Months Ended
Jun. 28, 2025
Leases [Abstract]  
Lease, Cost
The components of lease expense are as follows (in millions):
Thirteen Week Periods Ended Thirty-Nine Week Periods Ended
ClassificationJune 28, 2025June 29, 2024June 28, 2025June 29, 2024
Operating lease costCost of sales or selling and administrative expenses$$$18 $15 
Finance lease cost:
Amortization of leased assetsCost of sales11 
Interest on lease liabilitiesInterest expense-net14 11 
Total lease cost$15 $13 $43 $35 
Schedule of Cash Flow, Supplemental Disclosures
Supplemental cash flow information related to leases is as follows (in millions):
Thirty-Nine Week Periods Ended
June 28, 2025June 29, 2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases$17 $15 
Operating cash outflows from finance leases12 10 
Financing cash outflows from finance leases
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$$
Financing leases17 65 
Leases, Supplemental Balance Sheet Information
Supplemental balance sheet information related to leases is as follows (in millions):
ClassificationJune 28, 2025September 30, 2024
Operating Leases
Operating lease right-of-use assetsOther non-current assets$54 $61 
Current operating lease liabilitiesAccrued and other current liabilities16 19 
Long-term operating lease liabilitiesOther non-current liabilities41 43 
Total operating lease liabilities$57 $62 
Finance Leases
Finance lease right-of-use assets, netProperty, plant and equipment-net$261 $252 
Current finance lease liabilitiesCurrent portion of long-term debt
Long-term finance lease liabilitiesLong-term debt272 256 
Total finance lease liabilities$279 $262 
As of June 28, 2025, the Company has the following remaining lease term and weighted average discount rates:
Weighted-average remaining lease term
Operating leases5.5 years
Finance leases20.3 years
Weighted-average discount rate
Operating leases6.0%
Finance leases7.0%
Lessee, Operating Lease, Liability, Maturity
Maturities of lease liabilities at June 28, 2025 are as follows (in millions):
Operating LeasesFinance Leases
2025$$
202617 23 
202714 25 
202824 
202924 
Thereafter17 461 
Total future minimum lease payments69 561 
Less: imputed interest12 282 
Present value of lease liabilities reported$57 $279 
Finance Lease, Liability, Maturity
Maturities of lease liabilities at June 28, 2025 are as follows (in millions):
Operating LeasesFinance Leases
2025$$
202617 23 
202714 25 
202824 
202924 
Thereafter17 461 
Total future minimum lease payments69 561 
Less: imputed interest12 282 
Present value of lease liabilities reported$57 $279