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v3.21.1

Debt Obligations - Senior Secured Revolving Credit Facility (Details) |  |  |  |  | 12 Months Ended |  |
--- | --- | --- | --- | --- | --- | --- | ---
Jun. 26, 2021 USD ($) | Jun. 25, 2020 USD ($) | Mar. 28, 2020 USD ($) | Nov. 15, 2018 | Mar. 27, 2021 USD ($) tranch | Dec. 01, 2020 USD ($) | Oct. 01, 2020 USD ($)
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Total long-term debt |  |  | $ 2,012,000,000 |  | $ 1,219,000,000 |  |
Stand by letter of credit issued |  |  |  |  | 33,000,000 |  |
Short-term debt |  |  | 167,000,000 |  | 123,000,000 |  |
Long-term debt |  |  | 2,179,000,000 |  | 1,342,000,000 |  |
Senior Unsecured Revolving Credit Facility | Adjusted LIBOR |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Debt instrument, basis spread on variable rate |  |  |  | 1.00% |  |  |
Senior Unsecured Revolving Credit Facility | Federal Funds Effective Rate |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Debt instrument, basis spread on variable rate |  |  |  | 0.50% |  |  |
Senior Unsecured Revolving Credit Facility | One-Month CDOR |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Debt instrument, basis spread on variable rate |  |  |  | 1.00% |  |  |
Senior Unsecured Revolving Credit Facility | CDOR |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Debt instrument, basis spread on variable rate |  |  |  | 0.10% |  |  |
Senior Unsecured Revolving Credit Facility | Revolving Credit Facility |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Stand by letter of credit issued |  |  | $ 18,000,000 |  | 27,000,000 |  |
Credit Facility 2018 | Revolving Credit Facility |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Leverage ratio of indebtedness to EBITDAR |  |  | 3.75 |  |  |  |
Credit Facility 2018 | Senior Unsecured Revolving Credit Facility | Revolving Credit Facility |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Net cash proceeds in the aggregate |  | $ 100,000,000 |  |  |  |  |
Covenant, cash and cash equivalents threshold |  |  |  |  | 500,000,000 | $ 500,000,000 | $ 400,000,000
Line of credit facility, maximum borrowing capacity |  |  |  |  | 1,000,000,000 |  |
Outstanding principal amount of bilateral letters of credit and bilateral bank guarantees |  | $ 50,000,000 |  |  |  |  |
Total long-term debt |  |  | $ 681,000,000 |  | 0 |  |
Line of credit facility, available for future borrowings |  |  |  |  | $ 973,000,000 |  |
Credit Facility 2018 | Senior Unsecured Revolving Credit Facility | Revolving Credit Facility | Forecast |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Leverage ratio of indebtedness to EBITDAR | 3.75 |  |  |  |  |  |
Credit Facility 2018 | Senior Unsecured Revolving Credit Facility | Revolving Credit Facility | Maximum |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Leverage ratio of indebtedness to EBITDAR |  | 4.00 |  |  |  |  |
Commitment fee percentage |  |  |  |  | 0.25% |  |
Credit Facility 2018 | Senior Unsecured Revolving Credit Facility | Revolving Credit Facility | Maximum | Forecast |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Covenant, cash and cash equivalents threshold | $ 100,000,000 |  |  |  |  |  |
Supply chain financing | $ 150,000,000 |  |  |  |  |  |
Credit Facility 2018 | Senior Unsecured Revolving Credit Facility | Revolving Credit Facility | Minimum |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Covenant, cash and cash equivalents threshold |  | $ 300,000,000 |  |  |  |  |
Commitment fee percentage |  |  |  |  | 0.10% |  |
Credit Facility 2018 | Letter of Credit | Revolving Credit Facility |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Line of credit facility, maximum borrowing capacity |  |  |  |  | $ 75,000,000 |  |
Credit Facility 2018 | Bridge Loan | Revolving Credit Facility |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Line of credit facility, maximum borrowing capacity |  |  |  |  | 75,000,000 |  |
Credit Facility 2018 | 2018 Term Loan Facility | Revolving Credit Facility |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Line of credit facility, maximum borrowing capacity |  |  |  |  | $ 1,600,000,000 |  |
Number of loan tranches | tranch |  |  |  |  | 2 |  |
Quarterly payment |  |  |  |  | $ 24,000,000 |  |
Debt issuance costs |  |  | 5,000,000 |  | 5,000,000 |  |
Short-term debt |  |  |  |  | 97,000,000 |  |
Carrying value of borrowings outstanding |  |  |  |  | 865,000,000 |  |
Long-term debt |  |  |  |  | $ 768,000,000 |  |
Credit Facility 2018 | 2018 Term Loan Facility | Revolving Credit Facility | Maximum |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Commitment fee percentage |  |  |  |  | 0.25% |  |
Credit Facility 2018 | 2018 Term Loan Facility | Revolving Credit Facility | Minimum |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Commitment fee percentage |  |  |  |  | 0.10% |  |
364 Day Facility | Senior Unsecured Revolving Credit Facility | Revolving Credit Facility |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Maximum borrowing capacity |  | $ 230,000,000 |  |  |  |  |
Debt term |  | 364 days |  |  |  |  |
Commitment fee percentage |  | 0.35% |  |  |  |  |
Line of credit facility, available for future borrowings |  |  |  |  | $ 230,000,000 |  |
364 Day Facility | Senior Unsecured Revolving Credit Facility | Adjusted LIBOR | Revolving Credit Facility |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Debt instrument, basis spread on variable rate |  | 2.25% |  |  |  |  |
364 Day Facility | Senior Unsecured Revolving Credit Facility | Base Rate | Revolving Credit Facility |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Debt instrument, basis spread on variable rate |  | 1.25% |  |  |  |  |
364 Day Facility | Senior Unsecured Revolving Credit Facility | Minimum | Revolving Credit Facility |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Covenant, cash and cash equivalents threshold |  | $ 200,000,000 |  |  |  |  |
Term Loan Facility | 2018 Term Loan Facility | Revolving Credit Facility |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Short-term debt |  |  | 128,000,000 |  |  |  |
Carrying value of borrowings outstanding |  |  | 1,010,000,000.000 |  |  |  |
Long-term debt |  |  | $ 882,000,000 |  |  |  |

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