Note 8 Leases

12 Months Ended

Oct. 03, 2020

Leases [Abstract]

Leases of Lessee Disclosure

Leases

ROU assets and lease liabilities recorded in the condensed consolidated balance sheet as of October 3, 2020 are as follows:

	As of
	October 3, 2020
	(In thousands)
Other assets (1)	$	52,552
Accrued liabilities	$	16,659
Other long-term liabilities	37,015
Total lease liabilities	$	53,674
Weighted average remaining lease term (in years)	6.88
Weighted average discount rate	3.13		%

(1)    Net of accumulated amortization of $16 million.

Cash paid in satisfaction of operating lease liabilities was $19 million for the year ended October 3, 2020.

Operating lease expense, which includes immaterial amounts of short-term leases, variable lease costs and sublease income, was $21 million, $26 million and $27 million for the years ended October 3, 2020, September 28, 2019 and September 29, 2018, respectively.

Future lease payments under non-cancelable operating leases as of October 3, 2020, by fiscal year, are as follows:

	Operating Leases
	(In thousands)
2021	$	18,128
2022	13,366
2023	7,256
2024	4,012
2025	4,082
Thereafter	13,185
Total lease payments	60,029
Less: imputed interest	6,355
Total	$	53,674

As of September 28, 2019, prior to the adoption of ASC 842, future minimum lease payments, net of sublease income, under operating leases were as follows:

	Operating Leases
	(In thousands)
2020	$	18,472
2021	15,916
2022	11,368
2023	5,887
2024	3,993
Thereafter	17,071
Total	$	72,707