Leases

3 Months Ended

Jan. 02, 2022

Leases [Abstract]

Leases

Leases

The components of lease costs (in millions):

	Quarter Ended
	Jan 2, 2022		Dec 27, 2020
Operating lease costs(1)	$	386.1	$	409.4
Variable lease costs	229.8		222.4
Short-term lease costs	7.1		8.7
Total lease costs	$	623.0	$	640.5

(1)Includes immaterial amounts of sublease income and rent concessions.

The following table includes supplemental information (in millions):

	Quarter Ended
	Jan 2, 2022			Dec 27, 2020
Cash paid related to operating lease liabilities	$	410.0		$	385.6
Operating lease liabilities arising from obtaining ROU assets	346.8			353.8
	Jan 2, 2022			Dec 27, 2020
Weighted-average remaining operating lease term	8.6 years			8.8 years
Weighted-average operating lease discount rate	2.5		%	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 January 2, 2022.

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

Fiscal Year	Total
2022 (excluding the quarter ended January 2, 2022)	$	1,127.4
2023	1,460.7
2024	1,346.1
2025	1,200.5
2026	1,040.5
Thereafter	3,880.4
Total lease payments	10,055.6
Less imputed interest	(1,094.3)
Total	$	8,961.3

As of January 2, 2022, we have entered into operating leases that have not yet commenced of $925.8 million, primarily related to real estate leases. These leases will commence between fiscal year 2022 and fiscal year 2028 with lease terms ranging from ten to twenty years.