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Leases, Supplemental Lease Liability - USD ($)
$ in Thousands
12 Months Ended
Dec. 25, 2021
Dec. 26, 2020
Supplemental, Lease Liability [Line Items]    
Operating Lease, Payments, Use $ 404,864 $ 385,529
Finance Lease, Principal Payments 4,580 4,170
Finance Lease, Interest Payment on Liability $ 1,740 $ 1,765
Lease, Cost
The following table summarizes the Company’s classification of lease cost (in thousands):
Fiscal Year Ended
Statement of Income LocationDecember 25, 2021December 26, 2020
Finance lease cost:
Amortization of lease assetsDepreciation and amortization$5,085 $4,765 
Interest on lease liabilitiesInterest expense, net1,740 1,765 
Operating lease costSelling, general and administrative expenses400,908 379,318 
Variable lease costSelling, general and administrative expenses79,479 80,154 
Net lease cost$487,212 $466,002 
 
Lessee, Operating Lease, Liability, Maturity
The following table summarizes the future maturities of the Company’s lease liabilities (in thousands):

Operating Leases (a)
Finance LeasesTotal
2022$418,059 $5,542 $423,601 
2023406,847 4,382 411,229 
2024383,8434,397388,240
2025360,3024,324364,627
2026326,3044,294330,599
After 20261,540,09323,2811,563,375
Total lease payments3,435,44946,2203,481,669
Less: Interest(539,283)(9,475)(548,758)
Present value of lease liabilities$2,896,167 $36,745 $2,932,912 

(a) Operating lease payments exclude $239.2 million of legally binding minimum lease payments for leases signed, but not yet commenced.
 
Lessee, Operating Lease, Disclosure
The following table summarizes the Company’s lease term and discount rate:
December 25, 2021December 26, 2020
Weighted-average remaining lease term (years):
Finance leases10.510.4
Operating leases10.09.1
Weighted-average discount rate:
Finance leases4.8 %4.9 %
Operating leases3.6 %4.1 %
 
Schedule of Cash Flow, Supplemental Disclosures
The following table summarizes the other information related to the Company’s lease liabilities (in thousands):
Fiscal Year Ended
December 25, 2021December 26, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Financing cash flows used for finance leases$4,580 $4,170 
Operating cash flows used for finance leases1,740 1,765 
Operating cash flows for operating leases404,864 385,529