LEASES

6 Months Ended

Dec. 25, 2024

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.

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 25, 2024		December 27, 2023		December 25, 2024		December 27, 2023
Operating lease cost	$	45.8	$	45.6	$	91.4	$	91.2
Variable lease cost	17.5		15.5		33.6		31.1
Finance lease amortization	6.8		2.6		12.5		5.8
Finance lease interest	1.6		0.9		3.1		1.8
Short-term lease cost	0.2		—		0.3		0.1
Sublease income	(0.4)		(0.4)		(0.8)		(0.8)
Total lease costs, net	$	71.5	$	64.2	$	140.1	$	129.2

Supplemental cash flow information related to leases:

	Twenty-Six Week Periods Ended
	December 25, 2024		December 27, 2023
Operating lease assets obtained in exchange for operating lease liabilities	$	43.4	$	21.3
Finance lease assets obtained in exchange for finance lease liabilities	16.6		0.1

Finance lease assets are recorded in Property and equipment, at cost, and the net balance as of December 25, 2024 and June 26, 2024 was $97.7 million and $93.4 million, respectively.