XML 52 R35.htm IDEA: XBRL DOCUMENT v3.20.2
Leases (Tables)
12 Months Ended
Sep. 27, 2020
Sep. 29, 2019
Leases [Abstract]    
Lease, Cost
The components of lease costs (in millions):
Year Ended
Sep 27, 2020
Operating lease costs(1)
$1,573.6 
Variable lease costs833.4 
Short-term lease costs34.1 
Total lease costs$2,441.1 
(1)Operating lease costs includes an immaterial amount of sublease income.
 
Supplemental Lease Disclosure
The following table includes supplemental information (in millions):
Year Ended
Sep 27, 2020
Cash paid related to operating lease liabilities$1,463.3 
Operating lease liabilities arising from obtaining ROU assets(1)
1,093.0 
(1)Excludes the initial impact of adoption. See Note 1, Summary of Significant Accounting Policies for additional information.
Sep 27, 2020
Weighted-average remaining operating lease term8.8 years
Weighted-average operating lease discount rate2.5 %
 
Schedule of Future Minimum Rental Payments for Operating Leases
Minimum future maturities of operating lease liabilities (in millions):
Fiscal YearTotal
2021$1,528.1 
20221,402.6 
20231,266.1 
20241,132.1 
2025980.5 
Thereafter3,780.2 
Total lease payments10,089.6 
Less imputed interest(1,179.1)
Total$8,910.5 
 
Schedule of Rent Expense  
Rent expense under operating lease agreements under the previous lease guidance, which excludes certain amounts required under the new guidance (in millions):
Year Ended
Sep 29, 2019Sep 30, 2018
Minimum rent$1,441.7 $1,424.5 
Contingent rent224.3 200.7 
Total1,666.0 1,625.2 
Other Commitments  
As previously disclosed, the minimum future rental payments under non-cancelable operating leases and lease financing arrangements under the previous lease guidance as of September 29, 2019 (in millions):
Fiscal Year Operating LeasesLease Financing Arrangements
2020$1,432.9 $5.2 
20211,342.2 5.2 
20221,247.4 5.0 
20231,124.3 5.0 
2024996.4 4.9 
Thereafter4,087.7 42.6 
Total minimum lease payments$10,230.9 $67.9