Leases

9 Months Ended

Jul. 03, 2022

Leases [Abstract]

Leases

Leases

The components of lease costs (in millions):

	Quarter Ended				Three Quarters Ended
	Jul 3, 2022		Jun 27, 2021		Jul 3, 2022		Jun 27, 2021
Operating lease costs(1)	$	386.5	$	386.9	$	1,166.0	$	1,185.6
Variable lease costs	221.5		224.6		687.1		671.3
Short-term lease costs	6.9		7.4		21.1		23.7
Total lease costs	$	614.9	$	618.9	$	1,874.2	$	1,880.6

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

The following table includes supplemental information (in millions):

	Three Quarters Ended
	Jul 3, 2022			Jun 27, 2021
Cash paid related to operating lease liabilities	$	1,248.7		$	1,200.6
Operating lease liabilities arising from obtaining ROU assets	1,121.6			1,030.7
	Jul 3, 2022			Jun 27, 2021
Weighted-average remaining operating lease term	8.5 years			8.6 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 July 3, 2022 and October 3, 2021.

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

Fiscal Year	Total
2022 (excluding the three quarters ended July 3, 2022)	$	369.6
2023	1,467.7
2024	1,400.5
2025	1,259.3
2026	1,109.5
Thereafter	4,244.9
Total lease payments	9,851.5
Less imputed interest	(1,082.3)
Total	$	8,769.2

As of July 3, 2022, we have entered into operating leases that have not yet commenced of $1.1 billion, 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.