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Leases | 12 Months Ended
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Mar. 28, 2020
Leases [Abstract] |
Leases | Leases The following table presents the Company’s supplemental balance sheet information related to leases (in millions):
|  | Balance Sheet Location |  | March 28, 2020
Assets |  |  |  |
Operating leases |  | Operating lease right-of-use assets |  | $ | 1,625 |
Liabilities |  |  |  |
Current: |  |  |  |
Operating leases |  | Short-term portion of operating lease liabilities |  | $ | 430 |
Non-current: |  |  |  |
Operating leases |  | Long-term portion of operating lease liabilities |  | $ | 1,758 |
The components of net lease costs for the fiscal year ended March 28, 2020 were as follows (in millions):
|  | Statement of Operations and Comprehensive Income Location |  | March 28, 2020
Operating lease cost |  | Selling, general and administrative expenses |  | $ | 449 |
Short-term lease cost |  | Selling, general and administrative expenses |  | 18 |
Variable lease cost (1) |  | Selling, general and administrative expenses |  | 155 |
Sublease income |  | Selling, general and administrative expenses |  | (6) |
Total lease cost |  |  |  | $ | 616 |
(1)The Company elected to account for rent concessions negotiated in connection with COVID-19 as if it were contemplated as part of the existing contract and these concessions are recorded as variable lease expense. There is an immaterial impact from these concession for the fiscal year ended March 28, 2020. The following table presents the Company’s supplemental cash flow information related to leases (in millions):
|  |  |  | March 28, 2020
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |
Operating cash flows used in operating leases |  |  |  | $ | 495 |
Non-cash transactions: |  |  |  |
Lease assets obtained in exchange for new lease liabilities |  |  |  | $ | 428 |
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 March 28, 2020:
|  |  |  | March 28, 2020
Operating leases: |  |  |  |
Weighted average remaining lease term (years) |  |  |  | 6.6
Weighted average discount rate |  |  |  | 2.9 | %
At March 28, 2020, the future minimum lease payments under the terms of these noncancelable operating lease agreements are as follows (in millions):
|  |  |  | March 28, 2020
Fiscal 2021 |  |  |  | $ | 489 |
Fiscal 2022 |  |  |  | 432 |
Fiscal 2023 |  |  |  | 369 |
Fiscal 2024 |  |  |  | 312 |
Fiscal 2025 |  |  |  | 239 |
Thereafter |  |  |  | 566 |
Total lease payments |  |  |  | 2,407 |
Less: interest |  |  |  | (219) |
Total lease liabilities |  |  |  | $ | 2,188 |
At March 28, 2020, the future minimum sublease income under the terms of these noncancelable operating lease agreements are as follows (in millions):
|  |  |  | March 28, 2020
Fiscal 2021 |  |  |  | $ | 6 |
Fiscal 2022 |  |  |  | 5 |
Fiscal 2023 |  |  |  | 5 |
Fiscal 2024 |  |  |  | 4 |
Fiscal 2025 |  |  |  | 4 |
Thereafter |  |  |  | 12 |
Total sublease income |  |  |  | $ | 36 |
Additionally, the Company had approximately $13 million of future payment obligations related to executed lease agreements for which the related lease has not yet commenced as of March 28, 2020. See Note 2 for additional information on the Company's accounting policies related to leases.

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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