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Leases | 3 Months Ended
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Jun. 29, 2019
Lessee Disclosure [Abstract] |
Leases | Leases The following table summarizes ROU assets and lease liabilities recorded on the Company's consolidated balance sheet as of June 29, 2019:
|  | June 29, 2019 |  | Location Recorded on Balance Sheet
|  | (millions) |  |
Assets: |  |  |  |
Operating leases |  | $ | 1,415.8 |  |  | Operating lease right-of-use assets
Finance leases |  | 181.2 |  |  | Property and equipment, net
Total lease assets |  | $ | 1,597.0 |  |  |
Liabilities: |  |  |  |
Operating leases: |  |  |  |
Current portion |  | $ | 293.8 |  |  | Current portion of operating lease liabilities
Non-current portion |  | 1,483.9 |  |  | Long-term operating lease liabilities
Total operating lease liabilities |  | 1,777.7 |  |  |
Finance leases: |  |  |  |
Current portion |  | 11.0 |  |  | Accrued expenses and other current liabilities
Non-current portion |  | 199.4 |  |  | Other non-current liabilities
Total finance lease liabilities |  | 210.4 |  |  |
Total lease liabilities |  | $ | 1,988.1 |  |  |
The following table summarizes the composition of net lease cost for the three months ended June 29, 2019:
|  | Three Months Ended |  |
|  | June 29, 2019 |  | Location Recorded in Earnings
|  | (millions) |  |
Operating lease cost |  | $ | 78.6 |  |  | (a)
Finance lease costs: |  |  |  |
Depreciation of leased assets |  | 4.2 |  |  | SG&A expenses
Accretion of lease liabilities |  | 1.9 |  |  | Interest expense
Variable lease cost |  | 78.0 |  |  | (b)
Short-term lease cost |  | 1.7 |  |  | SG&A expenses
Sublease income |  | (0.9 | ) |  | Restructuring and other charges
Total lease cost |  | $ | 163.5 |  |  |
(a) | $0.8 million included within cost of goods sold, $76.0 million included within SG&A expenses, and $1.8 million included within restructuring and other charges.
(b) | $1.6 million included within cost of goods sold, $75.9 million included within SG&A expenses, and $0.5 million included within restructuring and other charges.
In accordance with lease accounting guidance in effect prior to its adoption of ASU 2016-02, the Company recognized rent expense of approximately $112 million, net of insignificant sublease income, related to its operating leases during the three months ended June 30, 2018, which included contingent rental charges of approximately $48 million. Such amounts do not include expense recognized related to non-lease components. The following table summarizes certain cash flow information related to the Company's leases for the three months ended June 29, 2019:
|  | Three Months Ended
|  | June 29, 2019
|  | (millions)
Cash paid for amounts included in the measurement of lease liabilities: |  |
Operating cash flows from operating leases |  | $ | 96.8 |
Operating cash flows from finance leases |  | 1.8 |
Financing cash flows from finance leases |  | 4.9 |
See Note 19 for supplemental non-cash information related to ROU assets obtained in exchange for new lease liabilities. The following table provides a maturity analysis summary of the Company's lease liabilities recorded on the consolidated balance sheet as of June 29, 2019:
|  | June 29, 2019
|  | Operating Leases |  | Finance Leases
|  | (millions)
Remainder of Fiscal 2020 |  | $ | 242.1 |  |  | $ | 14.1 |
Fiscal 2021 |  | 329.3 |  |  | 18.7 |
Fiscal 2022 |  | 287.7 |  |  | 23.3 |
Fiscal 2023 |  | 252.1 |  |  | 22.5 |
Fiscal 2024 |  | 225.8 |  |  | 22.5 |
Fiscal 2025 and thereafter |  | 596.4 |  |  | 176.1 |
Total lease payments |  | 1,933.4 |  |  | 277.2 |
Less: interest |  | (155.7 | ) |  | (66.8 | )
Total lease liabilities |  | $ | 1,777.7 |  |  | $ | 210.4 |
Additionally, the Company had approximately $92 million of future payment obligations related to executed lease agreements for which the related lease has not yet commenced as of June 29, 2019. The following table summarizes the weighted-average remaining lease terms and weighted-average discount rates related to the Company's operating and finance leases recorded on the consolidated balance sheet as of June 29, 2019:
|  | June 29, 2019
|  | Operating Leases |  | Finance Leases
Weighted-average remaining lease term (years) |  | 7.0 |  |  | 13.1 |
Weighted-average discount rate |  | 2.1 | % |  | 4.1 | %
See Note 3 for discussion of the Company's accounting policies related to its leasing activities.

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- Definition The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -URI http://asc.fasb.org/topic&trid=2208923 + Details
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