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Leases (Tables)
9 Months Ended
Mar. 27, 2021
Leases [Abstract]  
Assets And Liabilities, Lessee
The following table summarizes the ROU assets and lease liabilities recorded on the Company's Condensed Consolidated Balance Sheets as of March 27, 2021 and June 27, 2020:
March 27,
2021
June 27,
2020
Location Recorded on Balance Sheet
(millions)
Assets:
Operating leases$1,555.2 $1,757.0 Operating lease right-of-use assets
Finance leases 2.7 3.3 Property and equipment, net
Total lease assets$1,557.9 $1,760.3 
Liabilities:
Operating leases:
Current lease liabilities$354.6 $388.8 Current lease liabilities
Long-term lease liabilities1,576.3 1,799.8 Long-term lease liabilities
Total operating lease liabilities$1,930.9 $2,188.6 
Finance leases:
Current lease liabilities$0.9 $0.9 Accrued liabilities
Long-term lease liabilities3.7 4.4 Other liabilities
Total finance lease liabilities $4.6 $5.3 
Total lease liabilities $1,935.5 $2,193.9 
Lease, Cost
The following table summarizes the composition of net lease costs, primarily recorded within SG&A expenses on the Company's Condensed Consolidated Statements of Operations for the three and nine months March 27, 2021 and March 28, 2020:
Three Months EndedNine Months Ended
March 27, 2021March 28, 2020March 27, 2021March 28, 2020
(millions)
Finance lease cost:
Amortization of right-of-use assets$0.2 $0.2 $0.6 $0.6 
Interest on lease liabilities(1)
0.1 0.2 0.4 0.5 
Total finance lease cost0.3 0.4 1.0 1.1 
Operating lease cost87.3 107.3 263.2 324.6 
Short-term lease cost24.6 3.5 37.7 7.1 
Variable lease cost(2)
32.6 39.6 89.9 151.7 
Operating lease right-of-use impairment46.2 27.9 48.3 63.7 
Less: sublease income(6.0)(4.5)(15.2)(15.2)
Total net lease cost$185.0 $174.2 $424.9 $533.0 
(1)    Interest on lease liabilities is recorded within Interest expense, net on the Company's Condensed Consolidated Statement of Operations.
(2)    Rent concessions negotiated related to Covid-19 are recorded in variable lease expense.
The following table summarizes certain cash flow information related to the Company's leases for the nine months March 27, 2021 and March 28, 2020:
Nine Months Ended
March 27, 2021March 28,
2020
(millions)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$376.8 $322.8 
Operating cash flows from finance leases0.4 0.5 
Financing cash flows from finance leases0.6 0.6 
Non-cash transactions:
Right-of-use assets obtained in exchange for operating lease liabilities49.0 184.7 
Right-of-use assets obtained in exchange for finance lease liabilities —