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Leases (Notes)
12 Months Ended
Oct. 02, 2021
Leases [Abstract]  
Lessee, Operating Leases LEASES
We lease certain equipment, buildings and land related to transportation, distribution, storage, production, livestock grower assets and office activities. These lease arrangements can be structured as a standard lease agreement or embedded in a service or supply agreement and are primarily classified as operating leases. For further description of our lease accounting policy, refer to Note 1: Business and Summary of Significant Accounting Policies. Operating lease ROU assets and liabilities presented in our Consolidated Balance Sheets were as follows (in millions):
October 2, 2021October 3, 2020
Other Assets$531 $532 
Other current liabilities155 161 
Other Liabilities368 368 
The components of lease costs were as follows (in millions):
Twelve Months Ended
October 2, 2021October 3, 2020
Operating lease cost (a)
$183 $199 
Variable lease cost (b)
473 451 
Short-term lease cost33 38 
Total$689 $688 
(a) Sublease income is immaterial and not deducted from operating lease cost.
(b) Variable lease costs are determined based on volume of output received, flocks placed or other performance metrics.
Prior to the adoption of ASC 842, total rentals approximated $220 million in fiscal 2019.
Other operating lease information includes the following:
Twelve Months Ended
October 2, 2021October 3, 2020
Operating cash outflows from operating leases (in millions)$204 $211 
ROU assets obtained in exchange for new operating lease liabilities (in millions)$197 $167 
Weighted-average remaining lease term5 years5 years
Weighted-average discount rate%%
At October 2, 2021, future maturities of operating leases were as follows (in millions):
Operating Lease Commitments
2022$162 
2023121 
202493 
202569 
202647 
2027 and beyond61 
Total undiscounted operating lease payments$553 
Less: Imputed interest30 
Present value of total operating lease liabilities$523 
At October 2, 2021, our leases that had not yet commenced were not significant.