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Leases (Tables)
 9 Months Ended
Jun. 30, 2020
Leases [Abstract]  
Lease cost The following illustrates the components of lease cost for the periods presented:
(in thousands)Three months ended June 30, 2020Nine months ended June 30, 2020
Operating lease cost$28,725  $89,432  
Short-term lease cost1,051  3,842  
Variable lease cost4,297  12,841  
Total lease cost$34,073  $106,115  
Other cash flow information related to operating leases is as follows:
(in thousands)Nine months ended June 30, 2020
Cash paid for amounts included in the measurement of lease liabilities
Operating lease cash payments$87,128  
Right-of-use assets obtained in exchange for lease liabilities
New operating leases$50,765  
Leases recognized upon adoption of ASC 842
$526,281  
Summarized balance sheet information The following summarizes balance sheet information related to operating leases:
(in thousands, except for lease term and discount rate)June 30, 2020
Right of use assets
Other assets$479,704  
Lease liabilities
Accrued expenses and other$97,147  
Other long-term liabilities424,348  
Total lease liabilities$521,495  
Weighted-average remaining lease term6.84 years
Weighted-average discount rate3.68%
Future minimum rental payments, operating leases Future minimum rental payments under noncancellable operating leases were as follows:
Payments Due by Fiscal Year (in thousands)As of June 30, 2020
2020$31,000  
2021117,929  
2022113,148  
2023102,772  
202494,333  
Thereafter469,165  
Total future undiscounted lease payments928,347  
Less: Future payments for leases that have not yet commenced 1
(301,756) 
Less: Imputed interest(105,096) 
Total lease liabilities$521,495  
1 The Company has certain leases that it has executed for which it does not control the underlying assets; therefore, lease liabilities and ROU assets were not recorded on the Company's Consolidated Balance Sheet as of June 30, 2020. These future commitments primarily relate to the Company's new general corporate and administrative office.
Future minimum rental payments, operating leases As previously disclosed in the Company's fiscal 2019 Annual Report on Form 10-K under the prior accounting guidance, the future minimum rental payments under noncancellable operating leases and financing obligations as of September 30, 2019 were as follows:
Payments Due by Fiscal Year (in thousands)Operating
Leases
Financing Obligations 1
Total
2020$94,958  $22,468  $117,426  
202184,002  29,790  113,792  
202272,224  36,914  109,138  
202363,507  35,950  99,457  
202456,377  35,276  91,653  
Thereafter177,267  270,410  447,677  
Total minimum lease payments$548,335  $430,808  $979,143  
1 Represents the portion of future minimum lease payments related to facility leases where the Company was determined to be the accounting owner (see Note 1 of the Notes to Consolidated Financial Statements in our Annual Report on Form 10-K for the fiscal year ended September 30, 2019 for a more detailed description of the Company's accounting for leases prior to the adoption of ASC 842). These payments were recognized as reductions to the financing obligation and as interest expense and excluded the future non-cash termination of the financing obligation.
Future minimum rental payments, financing obligations As previously disclosed in the Company's fiscal 2019 Annual Report on Form 10-K under the prior accounting guidance, the future minimum rental payments under noncancellable operating leases and financing obligations as of September 30, 2019 were as follows:
Payments Due by Fiscal Year (in thousands)Operating
Leases
Financing Obligations 1
Total
2020$94,958  $22,468  $117,426  
202184,002  29,790  113,792  
202272,224  36,914  109,138  
202363,507  35,950  99,457  
202456,377  35,276  91,653  
Thereafter177,267  270,410  447,677  
Total minimum lease payments$548,335  $430,808  $979,143  
1 Represents the portion of future minimum lease payments related to facility leases where the Company was determined to be the accounting owner (see Note 1 of the Notes to Consolidated Financial Statements in our Annual Report on Form 10-K for the fiscal year ended September 30, 2019 for a more detailed description of the Company's accounting for leases prior to the adoption of ASC 842). These payments were recognized as reductions to the financing obligation and as interest expense and excluded the future non-cash termination of the financing obligation.