XML 60 R41.htm IDEA: XBRL DOCUMENT
v3.24.3

Leases (Tables) | 12 Months Ended
--- | ---
Sep. 27, 2024
Leases [Abstract] |
Schedule of Assets and Liabilities Lessee | The following table summarizes the location of the operating and finance leases in the Company’s Consolidated Balance Sheets (in thousands), as well as the weighted average remaining lease term and weighted average discount rate:
Leases |  | Balance Sheet Location |  | September 27, 2024 |  | September 29, 2023 |  |
Assets: |  |  |  |  |  |  |  |
Operating(1)(2) |  | Operating Lease Right-of-use Assets |  | $ | 638,659 |  |  | $ | 572,268 |  |  |
Finance |  | Property and Equipment, net |  | 38,224 |  |  | 30,621 |  |  |
Total lease assets |  |  |  | $ | 676,883 |  |  | $ | 602,889 |  |  |
Liabilities: |  |  |  |  |  |  |  |
Current |  |  |  |  |  |  |  |
Operating |  | Current operating lease liabilities |  | $ | 54,163 |  |  | $ | 51,271 |  |  |
Finance |  | Current maturities of long-term borrowings |  | 5,899 |  |  | 3,753 |  |  |
Noncurrent |  |  |  |  |  |  |  |
Operating |  | Noncurrent Operating Lease Liabilities |  | 241,012 |  |  | 245,871 |  |  |
Finance |  | Long-term borrowings |  | 34,541 |  |  | 28,180 |  |  |
Total lease liabilities |  |  |  | $ | 335,615 |  |  | $ | 329,075 |  |  |
Weighted average remaining lease term (in years) |  |  |  |  |  |  |  |
Operating leases |  |  |  | 6.9 |  | 7.7 |  |
Finance leases |  |  |  | 14.7 |  | 14.5 |  |
Weighted average discount rate |  |  |  |  |  |  |  |
Operating leases |  |  |  | 4.6 | % |  | 4.2 | % |  |
Finance leases |  |  |  | 6.0 | % |  | 4.7 | % |  |
(1) | Includes $384.1 million and $320.1 million of long-term prepaid rent as of September 27, 2024 and September 29, 2023, respectively.
(2) | During fiscal 2023, the Company recorded impairment charges to its Operating Lease Right-of-use Assets (see Note 1).
Schedule of Lease, Cost | The following table summarizes the location of lease related costs on the Consolidated Statements of Income (in thousands):
|  |  |  | Fiscal Year Ended
Lease Cost |  | Income Statement Location |  | September 27, 2024 |  | September 29, 2023 |  | September 30, 2022
Operating lease cost(1): |  |  |  |  |  |  |  |
Fixed lease costs |  | Cost of services provided (exclusive of depreciation and amortization) |  | $ | 117,584 |  |  | $ | 110,393 |  |  | $ | 97,231 |
Variable lease costs(2) |  | Cost of services provided (exclusive of depreciation and amortization) |  | 1,052,310 |  |  | 922,334 |  |  | 765,323 |
Short-term lease costs |  | Cost of services provided (exclusive of depreciation and amortization) |  | 80,816 |  |  | 79,788 |  |  | 65,355 |
Finance lease cost(3): |  |  |  |  |  |  |  |
Amortization of right-of-use-assets |  | Depreciation and amortization |  | 5,939 |  |  | 4,385 |  |  | 3,567 |
Interest on lease liabilities |  | Interest Expense, net |  | 2,023 |  |  | 1,492 |  |  | 1,294 |
Net lease cost |  |  |  | $ | 1,258,672 |  |  | $ | 1,118,392 |  |  | $ | 932,770 |
(1) | Excludes sublease income, which is immaterial.
(2) | Includes $1,027.9 million, $903.4 million and $745.6 million of costs related to leases associated with revenue contracts with customers for fiscal 2024, fiscal 2023 and fiscal 2022, respectively. These costs represent the rent the Company pays its clients to operate at their locations, typically based on a percentage of sales.
(3) | Excludes variable lease costs, which are immaterial.
Schedule of Supplemental Cash Flow Information | Supplemental cash flow information related to leases for the periods reported is as follows (in thousands):
|  | Fiscal Year Ended
|  | September 27, 2024 |  | September 29, 2023 |  | September 30, 2022
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |
Operating cash flows from operating leases(1) |  | $ | 192,391 |  |  | $ | 170,457 |  |  | $ | 110,747 |
Operating cash flows from finance leases |  | 2,023 |  |  | 1,492 |  |  | 1,294 |
Financing cash flows from finance leases |  | 6,042 |  |  | 4,207 |  |  | 3,428 |
Lease assets obtained in exchange for lease obligations: |  |  |  |  |  |
Operating leases |  | $ | 59,780 |  |  | $ | 52,215 |  |  | $ | 62,219 |
Finance leases |  | 13,272 |  |  | 4,907 |  |  | 2,206 |
(1) | For fiscal 2024, excludes cash paid for variable and short-term lease costs of $1,039.0 million and $80.8 million, respectively, that are not included within the measurement of lease liabilities. For fiscal 2023, excludes cash paid for variable and short-term lease costs of $909.1 million and $79.8 million, respectively, that are not included within the measurement of lease liabilities. For fiscal 2022, excludes cash paid for variable and short-term lease costs of $725.1 million and $65.4 million, respectively, that are not included within the measurement of lease liabilities.
Schedule of Finance Lease, Liability, Maturity | Future minimum lease payments under non-cancelable leases as of September 27, 2024 are as follows (in thousands):
| Operating leases |  | Finance leases |  | Total
2025 | $ | 66,067 |  |  | $ | 8,104 |  |  | $ | 74,171 |
2026 | 58,533 |  |  | 7,148 |  |  | 65,681 |
2027 | 48,487 |  |  | 6,044 |  |  | 54,531 |
2028 | 40,367 |  |  | 3,264 |  |  | 43,631 |
2029 | 32,256 |  |  | 2,672 |  |  | 34,928 |
Thereafter | 96,428 |  |  | 34,819 |  |  | 131,247 |
Total future minimum lease payments | $ | 342,138 |  |  | $ | 62,051 |  |  | $ | 404,189 |
Less: Interest | (46,963) |  |  | (21,611) |  |  | (68,574) |
Present value of lease liabilities | $ | 295,175 |  |  | $ | 40,440 |  |  | $ | 335,615 |
Schedule of Operating Lease, Liability, Maturity | Future minimum lease payments under non-cancelable leases as of September 27, 2024 are as follows (in thousands):
| Operating leases |  | Finance leases |  | Total
2025 | $ | 66,067 |  |  | $ | 8,104 |  |  | $ | 74,171 |
2026 | 58,533 |  |  | 7,148 |  |  | 65,681 |
2027 | 48,487 |  |  | 6,044 |  |  | 54,531 |
2028 | 40,367 |  |  | 3,264 |  |  | 43,631 |
2029 | 32,256 |  |  | 2,672 |  |  | 34,928 |
Thereafter | 96,428 |  |  | 34,819 |  |  | 131,247 |
Total future minimum lease payments | $ | 342,138 |  |  | $ | 62,051 |  |  | $ | 404,189 |
Less: Interest | (46,963) |  |  | (21,611) |  |  | (68,574) |
Present value of lease liabilities | $ | 295,175 |  |  | $ | 40,440 |  |  | $ | 335,615 |

X
- Definition Assets And Liabilities Lessee [Table Text Block] + References No definition available. + Details
Name: | cik0_AssetsAndLiabilitiesLesseeTableTextBlock
Namespace Prefix: | cik0_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Lease, Supplemental Cash Flow Information [Table Text Block] + References No definition available. + Details
Name: | cik0_LeaseSupplementalCashFlowInformationTableTextBlock
Namespace Prefix: | cik0_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
Name: | us-gaap_FinanceLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration