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Leases (Tables)
6 Months Ended
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 liabilities1,348.4 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 liabilities1.8 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 EndedSix Months Ended
December 31, 2022January 1, 2022December 31, 2022January 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 cost0.3 0.4 0.7 0.7 
Operating lease cost78.5 85.8 157.8 170.7 
Short-term lease cost8.6 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, 2022January 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 leases0.2 0.2 
Financing cash flows from finance leases0.5 0.5 
Non-cash transactions:
Right-of-use assets obtained in exchange for operating lease liabilities224.9 65.4