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Leases
12 Months Ended
Sep. 30, 2024
Leases [Abstract]  
Leases Leases
The Company has long-term leases for facilities and equipment. In the normal course of business, leases are generally renewed or replaced by other leases. Certain leases include escalation clauses.
The following illustrates the components of lease cost for the periods presented:
Fiscal Year Ended September 30,
(in thousands)202420232022
Operating lease cost$245,415 $234,567 $220,935 
Short-term lease cost18,459 9,799 11,257 
Variable lease cost35,539 25,598 25,108 
Total lease cost$299,413 $269,964 $257,300 
The following summarizes balance sheet information related to operating leases:
September 30,
(in thousands, except for lease term and discount rate)20242023
Right of use assets
Other assets$1,141,622 $1,019,368 
Lease liabilities
Accrued expenses and other$204,767 $182,462 
Other long-term liabilities1,029,978 924,247 
Total lease liabilities$1,234,745 $1,106,709 
Weighted-average remaining lease term7.34 years7.85 years
Weighted-average discount rate4.18%4.66%
Other cash flow information related to operating leases is as follows:
Fiscal Year Ended September 30,
(in thousands)202420232022
Cash paid for amounts included in the measurement of lease liabilities
Operating lease cash payments$247,862 $229,203 $214,793 
Right-of-use assets obtained in exchange for lease liabilities
New operating leases$305,882 $271,096 $179,214 
Future minimum rental payments under noncancellable operating leases were as follows:
Payments Due by Fiscal Year (in thousands)As of
September 30, 2024
2025$248,556 
2026231,499 
2027206,003 
2028176,871 
2029156,543 
Thereafter460,097 
Total future undiscounted lease payments1,479,569 
Less: Future payments for leases that have not yet commenced 1
(15,018)
Less: Imputed interest(229,806)
Total lease liabilities$1,234,745 
1 The Company has certain leases that it has executed of which it does not control the underlying assets; therefore, liabilities and ROU assets related to these leases were not recorded on the Company's Consolidated Balance Sheet as of September 30, 2024.