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Leases (Tables)

6 Months Ended

Sep. 28, 2019

Schedule of Supplemental Balance Sheet Information Related to Leases

The following table presents the Company’s supplemental balance sheet information related to leases (in millions):



	Balance Sheet Location	September 28, 2019
Assets
Operating leases	Operating lease right-of-use assets	$	1,671

Liabilities
Current:
Operating leases	Current portion of operating lease liabilities	$	403
Non-current:
Operating leases	Long-term portion of operating lease liabilities	$	1,766

The following tables summarizes the weighted average remaining lease term and weighted average discount rate related to the Company’s operating lease right-of-use assets and lease liabilities recorded on the balance sheet as of September 28, 2019:



	September 28, 2019
Operating leases:
Weighted average remaining lease term (years)	6.5
Weighted average discount rate	3.0	%

Schedule of Net Lease Costs and Supplemental Cash Flow Information

The components of net lease costs for the three and six months ended September 28, 2019 were as follows (in millions):



		September 28, 2019
	Statement of Operations and Comprehensive Income Location	Three Months Ended			Six Months Ended
Operating lease cost	Selling, general and administrative expenses	$	115		$	224
Short-term lease cost	Selling, general and administrative expenses	3			13
Variable lease cost	Selling, general and administrative expenses	39			79
Sublease income	Selling, general and administrative expenses	(2		)	(3		)
Total lease cost		$	155		$	313

The following table presents the Company’s supplemental cash flow information related to leases (in millions):



	Six Months Ended
	September 28, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used in operating leases	$	244
Non-cash transactions:
Lease assets obtained in exchange for new lease liabilities	$	168

Schedule of Contractually Guaranteed Minimum Fees

At September 28, 2019, the future minimum lease payments under the terms of these noncancelable operating lease agreements are as follows (in millions):



	September 28, 2019
Remainder of Fiscal 2020	$	243
Fiscal 2021	459
Fiscal 2022	404
Fiscal 2023	346
Fiscal 2024	292
Thereafter	668
Total lease payments	2,412
Less: interest	(243		)
Total lease liabilities	$	2,169

At September 28, 2019, the future minimum sublease income under the terms of these noncancelable operating lease agreements are as follows (in millions):



	September 28, 2019
Remainder of Fiscal 2020	$	3
Fiscal 2021	6
Fiscal 2022	5
Fiscal 2023	5
Fiscal 2024	4
Thereafter	15
Total sublease income	$	38

Additionally, the Company had approximately $15 million of future payment obligations related to executed lease agreements for which the related lease has not yet commenced as of September 28, 2019.