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Leases (Tables) | 12 Months Ended
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Mar. 28, 2020
Leases [Abstract] |
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 |  | 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 |
Schedule of Net Lease Costs and Supplemental Cash Flow Information | 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 | %
Schedule of Contractually Guaranteed Minimum Fees | 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 |

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- Definition Assets And Liabilities, Lessee [Table Text Block] + References No definition available. + Details
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- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980 + Details
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- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980 + Details
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