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LEASES
 12 Months Ended
Mar. 29, 2025
Leases [Abstract]  
LEASES LEASES
The assets and liabilities related to operating and finance leases were as follows:
(In thousands)Location in Consolidated Balance SheetMarch 2025March 2024
Assets:
Operating lease assetsOperating lease right-of-use assets$1,262,319 $1,255,074 
Finance lease assetsProperty, plant and equipment, net10,584 11,500 
Total lease assets$1,272,903 $1,266,574 
Liabilities:
Current
Operating lease liabilitiesAccrued liabilities$308,741 $295,035 
Finance lease liabilitiesCurrent portion of long-term debt1,011 981 
Noncurrent
Operating lease liabilitiesOperating lease liabilities1,079,182 1,087,304 
Finance lease liabilitiesLong-term debt14,039 15,178 
Total lease liabilities$1,402,973 $1,398,498 
The components of lease costs were as follows:
Year Ended March
(In thousands)202520242023
Operating lease cost$403,734 $410,427 $404,041 
Finance lease cost – amortization of right-of-use assets917 917 917 
Finance lease cost – interest on lease liabilities428 457 486 
Short-term lease cost19,014 25,227 22,126 
Variable lease cost135,721 132,453 117,189 
Impairment— 12,958 — 
Gain recognized from sale-leaseback transaction(17,434)— (13,189)
Total lease cost$542,380 $582,439 $531,570 
Supplemental cash flow information related to leases was as follows:

Year Ended March
(In thousands)202520242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows – operating leases$420,156 $424,646 $413,139 
Operating cash flows – finance leases428 457 486 
Financing cash flows – finance leases1,109 1,079 1,050 
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases374,707 337,980 539,042 
Finance leases— — — 
Lease terms and discount rates were as follows:
March 2025March 2024March 2023
Weighted average remaining lease term:
Operating leases6.01 years6.20 years6.61 years
Finance leases11.51 years12.51 years13.51 years
Weighted average discount rate:
Operating leases3.72 %3.34 %2.66 %
Finance leases2.71 %2.71 %2.71 %
Maturities of operating and finance lease liabilities for the next five fiscal years and thereafter as of March 2025 were as follows:
(In thousands)Operating LeasesFinance LeasesTotal
2026$351,372 $1,408 $352,780 
2027330,398 1,664 332,062 
2028238,244 1,536 239,780 
2029168,331 1,408 169,739 
2030122,382 1,536 123,918 
Thereafter334,103 9,986 344,089 
Total lease payments1,544,830 17,538 1,562,368 
Less: present value adjustment156,907 2,488 159,395 
Present value of lease liabilities$1,387,923 $15,050 $1,402,973 
The Company excluded approximately $130.2 million of leases (undiscounted basis) that have not yet commenced. These leases will commence primarily in Fiscal 2026 with lease terms of 2 to 15 years.
LEASES LEASES
The assets and liabilities related to operating and finance leases were as follows:
(In thousands)Location in Consolidated Balance SheetMarch 2025March 2024
Assets:
Operating lease assetsOperating lease right-of-use assets$1,262,319 $1,255,074 
Finance lease assetsProperty, plant and equipment, net10,584 11,500 
Total lease assets$1,272,903 $1,266,574 
Liabilities:
Current
Operating lease liabilitiesAccrued liabilities$308,741 $295,035 
Finance lease liabilitiesCurrent portion of long-term debt1,011 981 
Noncurrent
Operating lease liabilitiesOperating lease liabilities1,079,182 1,087,304 
Finance lease liabilitiesLong-term debt14,039 15,178 
Total lease liabilities$1,402,973 $1,398,498 
The components of lease costs were as follows:
Year Ended March
(In thousands)202520242023
Operating lease cost$403,734 $410,427 $404,041 
Finance lease cost – amortization of right-of-use assets917 917 917 
Finance lease cost – interest on lease liabilities428 457 486 
Short-term lease cost19,014 25,227 22,126 
Variable lease cost135,721 132,453 117,189 
Impairment— 12,958 — 
Gain recognized from sale-leaseback transaction(17,434)— (13,189)
Total lease cost$542,380 $582,439 $531,570 
Supplemental cash flow information related to leases was as follows:

Year Ended March
(In thousands)202520242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows – operating leases$420,156 $424,646 $413,139 
Operating cash flows – finance leases428 457 486 
Financing cash flows – finance leases1,109 1,079 1,050 
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases374,707 337,980 539,042 
Finance leases— — — 
Lease terms and discount rates were as follows:
March 2025March 2024March 2023
Weighted average remaining lease term:
Operating leases6.01 years6.20 years6.61 years
Finance leases11.51 years12.51 years13.51 years
Weighted average discount rate:
Operating leases3.72 %3.34 %2.66 %
Finance leases2.71 %2.71 %2.71 %
Maturities of operating and finance lease liabilities for the next five fiscal years and thereafter as of March 2025 were as follows:
(In thousands)Operating LeasesFinance LeasesTotal
2026$351,372 $1,408 $352,780 
2027330,398 1,664 332,062 
2028238,244 1,536 239,780 
2029168,331 1,408 169,739 
2030122,382 1,536 123,918 
Thereafter334,103 9,986 344,089 
Total lease payments1,544,830 17,538 1,562,368 
Less: present value adjustment156,907 2,488 159,395 
Present value of lease liabilities$1,387,923 $15,050 $1,402,973 
The Company excluded approximately $130.2 million of leases (undiscounted basis) that have not yet commenced. These leases will commence primarily in Fiscal 2026 with lease terms of 2 to 15 years.