v3.26.1
LEASES
9 Months Ended
Jun. 27, 2026
Leases [Abstract]  
Lessee, Operating Leases Leases
The Company’s leases consist primarily of operating leases for buildings and land and have initial lease terms of up to 44 years. Certain of these leases contain an option to extend the lease term for additional periods or to terminate the lease after an initial non-cancelable term. Renewal options are considered in the measurement of the Company’s initial lease liability and corresponding right-of-use (“ROU”) assets only if it is reasonably certain that the Company will exercise such options. Leases with lease terms of twelve months or less are not recorded on the Company’s balance sheet.

ROU assets and lease liabilities recorded in the condensed consolidated balance sheets are as follows:
 As of
 June 27,
2026
September 27,
2025
 (In thousands)
Other assets$248,877$67,808
 
Accrued liabilities$47,787$21,725
Other long-term liabilities212,80636,022
Total lease liabilities
$260,593$57,747
Weighted average remaining lease term (in years)6.7511.94
Weighted average discount rate4.9 %4.2 %

Lease expense and supplemental cash flow information related to operating leases are as follows:
Three Months EndedNine Months Ended
June 27,
2026
June 28,
2025
June 27,
2026
June 28,
2025
(In thousands)
Operating lease expense (1)$20,583 $7,898 $44,791 $23,486 
Nine Months Ended
June 27,
2026
June 28,
2025
(In thousands)
Cash paid for operating lease liabilities$35,217 $19,180 
Right-of-use assets obtained in exchange for lease liabilities$146,591 $1,493 
(1)     Includes immaterial amounts of short-term leases and sublease income.
Future lease payments under non-cancelable operating leases as of June 27, 2026, by fiscal year, are as follows:
Operating Leases
 (In thousands)
Remainder of 2026$14,878 
202759,628 
202847,433 
202939,232 
203035,922 
Thereafter112,392 
Total lease payments
309,485 
Less: imputed interest48,892 
Total
$260,593