Leases

6 Months Ended

Mar. 28, 2021

Leases [Abstract]

Leases

Leases

For the quarter and two quarters ended March 28, 2021, we recognized accelerated lease ROU asset amortization costs of $14.4 million and $44.0 million, which was recognized within restructuring and impairments on the consolidated statements of earnings.

The components of lease costs (in millions):

	Quarter Ended				Two Quarters Ended
	Mar 28, 2021		Mar 29, 2020		Mar 28, 2021		Mar 29, 2020
Operating lease costs(1)	$	389.3	$	377.4	$	798.7	$	750.5
Variable lease costs	224.3		197.2		446.7		426.0
Short-term lease costs	7.6		8.3		16.3		16.6
Total lease costs	$	621.2	$	582.9	$	1,261.7	$	1,193.1

(1)Operating lease costs were net of immaterial amounts of sublease income. For the quarter and two quarters ended March 28, 2021, operating lease costs were also net of immaterial amounts of rent concessions.

The following table includes supplemental information (in millions):

	Two Quarters Ended
	Mar 28, 2021			Mar 29, 2020
Cash paid related to operating lease liabilities	$	792.4		$	726.0
Operating lease liabilities arising from obtaining ROU assets	659.6			506.6
	Mar 28, 2021			Mar 29, 2020
Weighted-average remaining operating lease term	8.7 years			8.9 years
Weighted-average operating lease discount rate	2.4		%	2.5		%

Finance lease assets are recorded in property, plant and equipment, net with the corresponding lease liabilities included in accrued liabilities and other long-term liabilities on the consolidated balance sheet. There were no material finance leases as of March 28, 2021.

Minimum future maturities of operating lease liabilities (in millions):

Fiscal Year	Total
2021 (excluding the two quarters ended March 28, 2021)	$	780.6
2022	1,486.5
2023	1,343.6
2024	1,202.9
2025	1,056.6
Thereafter	4,137.9
Total lease payments	10,008.1
Less imputed interest	(1,134.0)
Total	$	8,874.1

As of March 28, 2021, we have entered into operating leases that have not yet commenced of $761.9 million, primarily related to real estate leases. These leases will commence between fiscal year 2021 and fiscal year 2027 with lease terms ranging from 3 years to 20 years.