Note 8 Leases

12 Months Ended

Oct. 02, 2021

Leases [Abstract]

Lessee, Operating Leases

Leases

ROU assets and lease liabilities recorded in the consolidated balance sheet as of October 2, 2021 are as follows:

	As of
	October 2, 2021			October 3, 2020
	(In thousands)
Other assets (1)	$	68,012		$	52,552
Accrued liabilities	$	17,219		$	16,659
Other long-term liabilities	38,587			37,015
Total lease liabilities	$	55,806		$	53,674
Weighted average remaining lease term (in years)	14.46			6.88
Weighted average discount rate	2.72		%	3.13		%

(1)    Net of accumulated amortization of $29 million and $16 million as of October 2, 2021 and October 3, 2020, respectively.

Cash paid for operating lease liabilities was $20 million and $19 million for the years ended October 2, 2021 and October 3, 2020, respectively. Operating lease expense, which includes immaterial amounts of short-term leases, variable lease costs and sublease income, was $21 million, $21 million and $26 million for the years ended October 2, 2021, October 3, 2020 and September 28, 2019, respectively.

Future lease payments under non-cancelable operating leases as of October 2, 2021, by fiscal year, are as follows:

	Operating Leases
	(In thousands)
2022	$	18,475
2023	12,602
2024	8,366
2025	6,440
2026	4,155
Thereafter	11,341
Total lease payments	61,379
Less: imputed interest	5,573
Total	$	55,806