Leases (Tables)

9 Months Ended

Jun. 26, 2020

Leases

Schedule of components of lease cost

	For the		For the
	Quarter Ended		Nine Months Ended
	June 26,		June 26,
	2020		2020
	(in millions)
Operating lease cost	$	27	$	79
Variable lease cost		12		38
Total lease cost	$	39	$	117

Schedule of Balance Sheet information related to leases

	June 26,
	2020
	($ in millions)
Operating lease ROU assets:
Other assets	$	451
Operating lease liabilities:
Accrued and other current liabilities	$	115
Other liabilities		346
Total operating lease liabilities	$	461
Weighted-average remaining lease term (in years)		5.7
Weighted-average discount rate		1.8	%

Schedule of Cash Flow information, including significant non-cash transactions, related to leases

	For the
	Nine Months Ended
	June 26,
	2020
	(in millions)
Cash paid for amounts included in the measurement of lease liabilities:
Payments for operating leases(1)	$	78
ROU assets obtained in exchange for new operating lease liabilities		17

(1) These payments are included in cash flows from continuing operating activities, primarily in changes in other liabilities.

Schedule of maturities of operating lease liabilities

At June 26, 2020, the maturities of operating lease liabilities were as follows:

	(in millions)
Remainder of fiscal 2020	$	30
Fiscal 2021		114
Fiscal 2022		90
Fiscal 2023		72
Fiscal 2024		57
Thereafter		121
Total lease payments		484
Less: interest		(23)
Present value of lease liabilities	$	461

Schedule of minimum lease payment obligations under ASC 840

	(in millions)
Remainder of fiscal 2020	$	30
Fiscal 2021		114
Fiscal 2022		90
Fiscal 2023		72
Fiscal 2024		57
Thereafter		121
Total lease payments		484
Less: interest		(23)
Present value of lease liabilities	$	461