Leases

3 Months Ended

Dec. 31, 2023

Leases [Abstract]

Leases

Leases

The components of lease costs (in millions):

	Quarter Ended
	Dec 31, 2023		Jan 1, 2023
Operating lease costs(1)	$	417.4	$	384.8
Variable lease costs	271.9		235.3
Short-term lease costs	7.7		7.0
Total lease costs	$	697.0	$	627.1

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

The following table includes supplemental information (in millions):

	Quarter Ended
	Dec 31, 2023			Jan 1, 2023
Cash paid related to operating lease liabilities	$	428.6		$	404.1
Operating lease liabilities arising from obtaining right-of-use assets	470.9			367.3
	Dec 31, 2023			Jan 1, 2023
Weighted-average remaining operating lease term	8.6 years			8.5 years
Weighted-average operating lease discount rate	3.1		%	2.7		%

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 December 31, 2023 and October 1, 2023.

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

Fiscal Year	Total
2024 (excluding the quarter ended December 31, 2023)	$	1,214.9
2025	1,587.2
2026	1,465.0
2027	1,281.1
2028	1,076.3
Thereafter	4,260.5
Total lease payments	10,885.0
Less imputed interest	(1,436.6)
Total	$	9,448.4

As of December 31, 2023, we have entered into operating leases that have not yet commenced of $1.5 billion, primarily related to real estate leases. These leases will commence between fiscal year 2024 and fiscal year 2027 with lease terms ranging from two to twenty years.