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Leases | 12 Months Ended
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Sep. 27, 2024
Leases [Abstract] |
LEASES | 10. LEASES The Company’s lease arrangements consist primarily of corporate, manufacturing, design, and other facility agreements as well as various machinery and office equipment agreements. The leases expire at various dates through 2061, some of which include options to extend the lease term. The longest potential remaining lease term consists of a 37 year land lease in Osaka, Japan. During fiscal 2024, fiscal 2023, and fiscal 2022, the Company recorded $35.5 million, $39.8 million, and $43.6 million of operating lease expense, and $20.6 million, $19.2 million, and $12.3 million of variable lease expense, respectively. Supplemental cash information and non-cash activities related to operating leases are as follows (in millions):
| Fiscal Year Ended
| September 27, 2024 |  | September 29, 2023 |  | September 30, 2022
Operating cash outflows from operating leases | $ | 35.4 |  |  | $ | 34.0 |  |  | $ | 32.0 |
Operating lease assets obtained in exchange for new lease liabilities | $ | 16.2 |  |  | $ | 11.1 |  |  | $ | 84.6 |
Operating leases are classified as follows (in millions):
| As of
| September 27, 2024 |  | September 29, 2023
Other current liabilities | $ | 20.2 |  |  | $ | 28.3 |
Long-term operating lease liabilities | 185.9 |  |  | 188.7 |
Total lease liabilities | $ | 206.1 |  |  | $ | 217.0 |
Maturities of lease liabilities under operating leases by fiscal year are as follows (in millions):
| As of
| September 27, 2024
2025 | $ | 20.0 |
2026 | 32.4 |
2027 | 31.0 |
2028 | 28.4 |
2029 | 26.1 |
Thereafter | 102.4 |
Total lease payments | 240.3 |
Less: imputed interest | (34.2) |
Present value of lease liabilities | 206.1 |
Less: current portion (included in other current liabilities) | (20.2) |
Long-term operating lease liabilities | $ | 185.9 |
Weighted-average remaining lease term and discount rate related to operating leases are as follows:
| As of
| September 27, 2024 |  | September 29, 2023
Weighted-average remaining lease term (in years) | 11.9 |  | 12.3
Weighted-average discount rate | 3.7 | % |  | 3.6 | %

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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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