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v3.22.4

Leases (Tables) | 6 Months Ended
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Dec. 31, 2022
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 December 31, 2022 and July 2, 2022:
|  | December 31, 2022 |  | July 2, 2022 |  | Location Recorded on Balance Sheet
|  | (millions) |  |
Assets: |  |  |  |  |  |
Operating leases |  | $ | 1,358.8 |  |  | $ | 1,281.6 |  |  | Operating lease right-of-use assets
Finance leases |  | 1.6 |  |  | 1.9 |  |  | Property and equipment, net
Total lease assets |  | $ | 1,360.4 |  |  | $ | 1,283.5 |  |  |
Liabilities: |  |  |  |  |  |
Operating leases: |  |  |  |  |  |
Current lease liabilities |  | $ | 282.7 |  |  | $ | 288.7 |  |  | Current lease liabilities
Long-term lease liabilities |  | 1,348.4 |  |  | 1,282.3 |  |  | Long-term lease liabilities
Total operating lease liabilities |  | $ | 1,631.1 |  |  | $ | 1,571.0 |  |  |
Finance leases: |  |  |  |  |  |
Current lease liabilities |  | $ | 1.1 |  |  | $ | 1.1 |  |  | Accrued liabilities
Long-term lease liabilities |  | 1.8 |  |  | 2.4 |  |  | Other liabilities
Total finance lease liabilities |  | $ | 2.9 |  |  | $ | 3.5 |  |  |
Total lease liabilities |  | $ | 1,634.0 |  |  | $ | 1,574.5 |  |  |
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-month and six-month periods ended December 31, 2022 and January 1, 2022:
|  | Three Months Ended |  | Six Months Ended
|  | December 31, 2022 |  | January 1, 2022 |  | December 31, 2022 |  | January 1, 2022
|  | (millions)
Finance lease cost: |  |  |  |  |  |  |  |
Amortization of right-of-use assets |  | $ | 0.2 |  |  | $ | 0.3 |  |  | $ | 0.5 |  |  | $ | 0.5 |
Interest on lease liabilities(1) |  | 0.1 |  |  | 0.1 |  |  | 0.2 |  |  | 0.2 |
Total finance lease cost |  | 0.3 |  |  | 0.4 |  |  | 0.7 |  |  | 0.7 |
Operating lease cost |  | 78.5 |  |  | 85.8 |  |  | 157.8 |  |  | 170.7 |
Short-term lease cost |  | 8.6 |  |  | 5.1 |  |  | 16.4 |  |  | 9.6 |
Variable lease cost(2) |  | 48.9 |  |  | 55.2 |  |  | 98.4 |  |  | 98.8 |
Less: sublease income |  | (4.4) |  |  | (5.2) |  |  | (9.3) |  |  | (10.1) |
Total net lease cost |  | $ | 131.9 |  |  | $ | 141.3 |  |  | $ | 264.0 |  |  | $ | 269.7 |
(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 six months December 31, 2022 and January 1, 2022:
|  | Six Months Ended
|  | December 31, 2022 |  | January 1, 2022
|  | (millions)
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |
Operating cash flows from operating leases |  | $ | 194.4 |  |  | $ | 214.3 |
Operating cash flows from finance leases |  | 0.2 |  |  | 0.2 |
Financing cash flows from finance leases |  | 0.5 |  |  | 0.5 |
Non-cash transactions: |  |  |  |
Right-of-use assets obtained in exchange for operating lease liabilities |  | 224.9 |  |  | 65.4 |

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- Definition Assets And Liabilities, Lessee [Table Text Block] + References No definition available. + Details
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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918686-209980 + Details
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