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Leases (Notes) | 12 Months Ended
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Sep. 30, 2023
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 as of September 30, 2023 and October 1, 2022 (in millions):
| 2023 |  | 2022
Other Assets | $ | 544 |  |  | $ | 507 |
Other current liabilities | 153 |  |  | 145 |
Other Liabilities | 376 |  |  | 350 |
The components of lease costs for fiscal years 2023, 2022 and 2021 were as follows (in millions):
| 2023 |  | 2022 |  | 2021
Operating lease cost (a) | $ | 181 |  |  | $ | 175 |  |  | $ | 183 |
Variable lease cost (b) | 531 |  |  | 508 |  |  | 473 |
Short-term lease cost | 39 |  |  | 30 |  |  | 33 |
Total | $ | 751 |  |  | $ | 713 |  |  | $ | 689 |
(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. Other operating lease information includes the following for fiscal years 2023, 2022 and 2021:
| 2023 |  | 2022 |  | 2021
Operating cash outflows from operating leases (in millions) | $ | 191 |  |  | $ | 194 |  |  | $ | 204 |
ROU assets obtained in exchange for new operating lease liabilities (in millions) | $ | 288 |  |  | $ | 159 |  |  | $ | 197 |
Weighted-average remaining lease term | 5 years |  | 5 years |  |
Weighted-average discount rate | 4 | % |  | 3 | % |  |
At September 30, 2023, future maturities of operating leases were as follows (in millions):
Operating Lease Commitments
2024 | $ | 171 |
2025 | 132 |
2026 | 89 |
2027 | 57 |
2028 | 43 |
2029 and beyond | 99 |
Total undiscounted operating lease payments | $ | 591 |
Less: Imputed interest | 62 |
Present value of total operating lease liabilities | $ | 529 |
At September 30, 2023, our leases that had not yet commenced were not significant.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
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