Leases (Tables)

12 Months Ended

Mar. 28, 2020

The following table summarizes ROU assets and lease liabilities recorded on the Company's consolidated balance sheet as of March 28, 2020:



	March 28, 2020		Location Recorded on Balance Sheet
	(millions)
Assets:
Operating leases	$	1,511.6	Operating lease right-of-use assets
Finance leases	166.4		Property and equipment, net
Total lease assets	$	1,678.0
Liabilities:
Operating leases:
Current portion	$	288.4	Current operating lease liabilities
Non-current portion	1,568.3		Long-term operating lease liabilities
Total operating lease liabilities	1,856.7
Finance leases:
Current portion	9.8		Accrued expenses and other current liabilities
Non-current portion	189.4		Other non-current liabilities
Total finance lease liabilities	199.2
Total lease liabilities	$	2,055.9

Lease Cost

The following table summarizes the composition of net lease cost during Fiscal 2020:



	Fiscal Year Ended
	March 28, 2020			Location Recorded in Earnings

Operating lease cost	$	322.0		^(a)
Finance lease costs:
Depreciation of leased assets	18.1			SG&A expenses
Accretion of lease liabilities	8.1			Interest expense
Variable lease cost	298.0			^(b)
Short-term lease cost	5.5			SG&A expenses
Sublease income	(2.9		)	Restructuring and other charges
Total lease cost	$	648.8


^(a)	$4.4 million included within cost of goods sold, $307.3 million included within SG&A expenses, and $10.3 million included within restructuring and other charges.

^(b)

$4.7 million included within cost of goods sold, $290.3 million included within SG&A expenses, and $3.0 million included within restructuring and other charges.

Cash paid for amounts included in the measurement of lease liabilities

The following table summarizes certain cash flow information related to the Company's leases during Fiscal 2020:



	Fiscal Year Ended
	March 28, 2020
	(millions)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	383.9
Operating cash flows from finance leases	8.0
Financing cash flows from finance leases	13.6

Lease Liability Maturity

The following table presents a maturity analysis summary of the Company's lease liabilities recorded on the consolidated balance sheet as of March 28, 2020:



	March 28, 2020
	Operating Leases			Finance Leases
	(millions)
Fiscal 2021	$	323.6		$	16.0
Fiscal 2022	325.4			22.6
Fiscal 2023	292.6			22.3
Fiscal 2024	259.2			22.3
Fiscal 2025	206.8			22.3
Fiscal 2026 and thereafter	615.7			153.8
Total lease payments	2,023.3			259.3
Less: interest	(166.6		)	(60.1		)
Total lease liabilities	$	1,856.7		$	199.2

Supplemental lease information

The following table summarizes the weighted-average remaining lease terms and weighted-average discount rates related to the Company's operating and finance leases recorded on the consolidated balance sheet as of March 28, 2020:

March 28, 2020

Operating
Leases

Finance
Leases

Weighted-average remaining lease term (years)

Weighted-average discount rate