Leases (Tables)

9 Months Ended

Dec. 28, 2019

Leases [Abstract]

Schedule of Supplemental Balance Sheet Information Related to Leases

The following table presents the Company’s supplemental balance sheet information related to leases (in millions):

	Balance Sheet Location	December 28, 2019
Assets
Operating leases	Operating lease right-of-use assets	$	1,665
Liabilities
Current:
Operating leases	Short-term portion of operating lease liabilities	$	406
Non-current:
Operating leases	Long-term portion of operating lease liabilities	$	1,751

The following tables summarizes the weighted average remaining lease term and weighted average discount rate related to the Company’s operating lease right-of-use assets and lease liabilities recorded on the balance sheet as of December 28, 2019:

	December 28, 2019
Operating leases:
Weighted average remaining lease term (years)	6.3
Weighted average discount rate	3.0	%

Schedule of Net Lease Costs and Supplemental Cash Flow Information

The components of net lease costs for the three and nine months ended December 28, 2019 were as follows (in millions):

		December 28, 2019
	Statement of Operations and Comprehensive Income Location	Three Months Ended		Nine Months Ended
Operating lease cost	Selling, general and administrative expenses	$	114	$	338
Short-term lease cost	Selling, general and administrative expenses	5		18
Variable lease cost	Selling, general and administrative expenses	39		118
Sublease income	Selling, general and administrative expenses	(2)		(5)
Total lease cost		$	156	$	469

The following table presents the Company’s supplemental cash flow information related to leases (in millions):

	Nine Months Ended
	December 28, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used in operating leases	$	372
Non-cash transactions:
Lease assets obtained in exchange for new lease liabilities	$	270

Schedule of Contractually Guaranteed Minimum Fees

At December 28, 2019, the future minimum lease payments under the terms of these noncancelable operating lease agreements are as follows (in millions):

	December 28, 2019
Remainder of Fiscal 2020	$	127
Fiscal 2021	484
Fiscal 2022	425
Fiscal 2023	356
Fiscal 2024	301
Thereafter	707
Total lease payments	2,400
Less: interest	(243)
Total lease liabilities	$	2,157

At December 28, 2019, the future minimum sublease income under the terms of these noncancelable operating lease agreements are as follows (in millions):

	December 28, 2019
Remainder of Fiscal 2020	$	1
Fiscal 2021	6
Fiscal 2022	5
Fiscal 2023	5
Fiscal 2024	4
Thereafter	16
Total sublease income	$	37

Additionally, the Company had approximately $94 million of future payment obligations related to executed lease agreements for which the related lease has not yet commenced as of December 28, 2019.