v3.26.1
LEASES (Tables)
12 Months Ended
Jun. 27, 2026
Leases [Abstract]  
Schedule of Lease Cost
The following table summarizes the composition of net lease costs, primarily recorded within SG&A expenses on the Company's Consolidated Statement of Operations for the fiscal years ended June 27, 2026 and June 28, 2025:
Fiscal Year Ended
June 27, 2026June 28, 2025
(millions)
Finance lease cost:
Amortization of right-of-use assets$ $1.2 
Interest on lease liabilities(1)
 0.1 
Total finance lease cost 1.3 
Operating lease cost378.0 360.6 
Short-term lease cost15.4 22.8 
Variable lease cost232.1 204.8 
Operating lease right-of-use impairment0.8 3.0 
Less: sublease income(14.7)(16.4)
Total net lease cost$611.6 $576.1 
(1)    Interest on lease liabilities is recorded within Interest expense, net on the Company's Consolidated Statement of Operations.
The following table summarizes certain cash flow information related to the Company's leases for the fiscal year ended June 27, 2026 and June 28, 2025:
Fiscal Year Ended
June 27, 2026June 28, 2025
(millions)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$423.2 $414.8 
Operating cash flows from finance leases 0.1 
Financing cash flows from finance leases 1.2 
Non-cash transactions:
Right-of-use assets obtained in exchange for operating lease liabilities413.8 327.7 
The following table summarizes the weighted-average remaining lease terms and weighted-average discount rates related to the Company's operating leases recorded on the Consolidated Balance Sheets as of June 27, 2026 and June 28, 2025:
June 27, 2026June 28, 2025
Operating leases:
Weighted average remaining lease term (years)7.47.4
Weighted average discount rate4.4 %4.4 %
Schedule of Lessee, Operating Lease, Liability, Maturity
The following table provides a maturity analysis of the Company's operating lease liabilities recorded on the Consolidated Balance Sheets as of June 27, 2026:
June 27, 2026
(millions)
Fiscal 2027$365.5 
Fiscal 2028306.8 
Fiscal 2029243.1 
Fiscal 2030197.5 
Fiscal 2031145.9 
Fiscal 2032 and thereafter588.6 
Total operating lease payments1,847.4 
Less: imputed interest(273.4)
Total operating lease liabilities$1,574.0 
Schedule of Finance Lease, Liability, Maturity
The following table provides a maturity analysis of the Company's operating lease liabilities recorded on the Consolidated Balance Sheets as of June 27, 2026:
June 27, 2026
(millions)
Fiscal 2027$365.5 
Fiscal 2028306.8 
Fiscal 2029243.1 
Fiscal 2030197.5 
Fiscal 2031145.9 
Fiscal 2032 and thereafter588.6 
Total operating lease payments1,847.4 
Less: imputed interest(273.4)
Total operating lease liabilities$1,574.0 
Schedule of Future Minimum Fixed Sublease Receipts
The future minimum fixed sublease receipts under non-cancelable operating lease agreements as of June 27, 2026 are as follows:
June 27, 2026
(millions)
Fiscal 2027$14.8 
Fiscal 202814.8 
Fiscal 202915.3 
Fiscal 203016.0 
Fiscal 203116.0 
Fiscal 2032 and thereafter80.2 
Total sublease income $157.1