XML 51 R35.htm IDEA: XBRL DOCUMENT v3.22.2.2
Leases (Tables)
 12 Months Ended
Sep. 24, 2022
Leases [Abstract]  
Schedule of Supplemental Balance Sheet Information Supplemental balance sheet information related to the Company's leases was as follows:
Balance Sheet ClassificationSeptember 24, 2022September 25, 2021
(in millions)
Operating leases
Right-of-use assetsOperating lease right-of-use assets$186.3 $165.6 
Current lease liabilitiesCurrent operating lease liabilities$48.1 $40.7 
Non-current lease liabilitiesLong-term operating lease liabilities147.7 130.1 
Total operating lease liabilities$195.8 $170.8 
Finance leases
Right-of-use assetsProperty, plant and equipment, net$0.1 $0.2 
Current lease liabilitiesCurrent portion of long-term debt$— $0.1 
Non-current lease liabilitiesLong-term debt— — 
Total finance lease liabilities$— $0.1 
Weighted-average remaining lease term and discount rate for the Company's leases were as follows:
September 24, 2022September 25, 2021
Weighted-average remaining lease term (in years):
Operating leases5.66.4
Finance leases1.01.1
Weighted-average discount rate:
Operating leases2.97 %2.75 %
Finance leases5.13 %4.86 %
Schedule of Supplemental Cash Flow and Other Information Related to Leases Components of lease cost were as follows:
Fiscal Year Ended
September 24, 2022September 25, 2021
(in millions)
Operating lease cost$53.8 $45.1 
Finance lease cost:
Amortization of right-of-use assets0.10.1
Interest on lease liabilities— — 
Total finance lease cost$0.1 $0.1 
Short-term lease cost9.34.2
Variable lease cost8.811.0
Total lease cost$72.0 $60.4 
Supplemental cash flow information and non-cash activity related to the Company's leases was as follows:
Fiscal Year Ended
September 24, 2022September 25, 2021
(in millions)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$45.1 $40.3 
Operating cash flows from finance leases$— $— 
Financing cash flows from finance leases$0.1 $0.1 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$70.8 $90.8 
Finance leases$— $— 
Schedule of Operating Lease Maturity Lease liability maturities as of September 24, 2022 are as follows:
September 24, 2022
Operating LeasesFinance Leases
Fiscal Year(in millions)
2023$52.6 $— 
202446.3 — 
202537.3 — 
202624.9 — 
202715.4 — 
Thereafter38.3 — 
Total future undiscounted lease payments$214.8 $— 
Less imputed interest(19.0)— 
Total reported lease liability$195.8 $— 
Schedule of Finance Leases Maturity Lease liability maturities as of September 24, 2022 are as follows:
September 24, 2022
Operating LeasesFinance Leases
Fiscal Year(in millions)
2023$52.6 $— 
202446.3 — 
202537.3 — 
202624.9 — 
202715.4 — 
Thereafter38.3 — 
Total future undiscounted lease payments$214.8 $— 
Less imputed interest(19.0)— 
Total reported lease liability$195.8 $—