LEASES

6 Months Ended

Dec. 23, 2020

Leases [Abstract]

Leases

We typically lease our restaurant facilities through ground leases (where we lease land only, but construct the building and improvements) or retail leases (where we lease the land/retail space and building). In addition to our restaurant facilities, we also lease our corporate headquarters location and certain equipment.

Lease Amounts Included in the Consolidated Statements of Comprehensive Income (Unaudited)

The components of lease expenses included in the Consolidated Statements of Comprehensive Income (Unaudited) were as follows:

	Thirteen Week Periods Ended				Twenty-Six Week Periods Ended
	December 23, 2020		December 25, 2019		December 23, 2020		December 25, 2019
Operating lease cost	$	42.0	$	41.9	$	83.7	$	79.2
Variable lease cost	14.9		15.1		28.9		28.3
Finance lease amortization	4.2		3.1		8.2		5.7
Finance lease interest	1.4		1.1		2.9		2.0
Short-term lease cost	0.1		0.5		0.2		0.7
Sublease income	(1.2)		(1.2)		(2.2)		(2.3)
Total lease costs, net	$	61.4	$	60.5	$	121.7	$	113.6

Lease Maturity Analysis

As of December 23, 2020, the future minimum lease payments on finance and operating leases, as well as sublease income, were as follows:

	December 23, 2020
Fiscal Year	Finance Leases		Operating Leases		Sublease Income
Remainder of 2021	$	10.9	$	84.0	$	1.7
2022	22.5		173.0		3.2
2023	20.9		160.8		2.6
2024	11.4		149.9		1.8
2025	9.4		140.2		1.8
Thereafter	53.6		879.8		4.8
Total future lease payments(1)	128.7		1,587.7		$	15.9
Less: Imputed interest	29.6		436.1
Present value of lease liability	$	99.1	$	1,151.6

(1)Finance and Operating leases total future lease payments represent the contractual obligations due under the contract, including certain cancellable option periods where we are reasonably assured to exercise the options. Included in the Total future lease payments as of December 23, 2020 was non-cancelable lease commitments of $108.1 million for finance leases, and $1,073.5 million for operating leases.