v3.26.1
LEASES (Tables)
 12 Months Ended
Jun. 24, 2026
Leases [Abstract]  
Consolidated Balance Sheet Disclosure of Lease Amounts
The following table includes a detail of lease assets and liabilities included in the Consolidated Balance Sheets:
June 24, 2026
Finance
Leases(1)
Operating
Leases(2)
Total Leases
Lease assets$83.5 $1,205.9 $1,289.4 
Current lease liabilities25.1 116.9 142.0 
Long-term lease liabilities72.9 1,194.3 1,267.2 
Total lease liabilities$98.0 $1,311.2 $1,409.2 
June 25, 2025
Finance
Leases(1)
Operating
Leases(2)
Total Leases
Lease assets$85.8 $1,149.1 $1,234.9 
Current lease liabilities17.6 114.6 132.2 
Long-term lease liabilities80.0 1,135.3 1,215.3 
Total lease liabilities$97.6 $1,249.9 $1,347.5 
(1)Finance lease assets are recorded in Property and equipment, at cost, and the related current and long-term lease liabilities are recorded within Other accrued liabilities and Long-term debt and finance leases, less current installments, respectively.
(2)Operating lease assets are recorded in Operating lease assets and the related current and long-term lease liabilities are recorded within Operating lease liabilities and Long-term operating lease liabilities, less current portion, respectively.
Consolidated Statement of Comprehensive Income Disclosure of Lease Amounts
The components of lease expenses, including variable lease costs primarily consisting of rent based on a percentage of sales, common area maintenance and real estate tax charges, and short-term lease expenses for leases with lease terms less than twelve months are included in the Consolidated Statements of Comprehensive Income as follows:
Fiscal Years Ended
June 24, 2026June 25, 2025June 26, 2024
Operating lease cost$190.4 $183.9 $182.5 
Finance lease amortization26.4 25.6 14.0 
Finance lease interest6.3 6.2 4.2 
Short-term lease cost0.8 0.9 0.3 
Variable lease cost74.8 70.7 63.4 
Sublease income(1.3)(1.5)(1.2)
Total lease costs, net$297.4 $285.8 $263.2 
Consolidated Statement of Cash Flows Disclosure of Lease Amounts
Supplemental cash flow information related to leases recorded in the Consolidated Statements of Cash Flows is as follows:
Fiscal Years Ended
June 24, 2026June 25, 2025June 26, 2024
Cash flows from operating activities
Cash paid related to lease liabilities
Operating leases
$192.3 $189.4 $186.3 
Finance leases6.3 6.2 4.2 
Cash flows from financing activities
Cash paid related to lease liabilities
Finance leases24.1 25.6 20.1 
Non-cash lease assets obtained in exchange for lease liabilities
Operating leases
173.2 167.5 82.6 
Finance leases24.5 17.9 53.7 
Weighted Average Lease Term and Discount Rate
Other information related to leases is as follows:
Fiscal Years Ended
June 24, 2026June 25, 2025
Finance LeasesOperating LeasesFinance LeasesOperating Leases
Weighted average remaining lease term5.9 years10.8 years6.3 years11.3 years
Weighted average discount rate5.7 %6.2 %5.9 %6.1 %
Lease Maturity Analysis As of June 24, 2026, the future minimum lease payments on finance and operating leases, as well as sublease income were as follows:
June 24, 2026
Fiscal YearFinance LeasesOperating LeasesSublease Income
2027$29.9 $192.7 $0.8 
202828.9 182.0 0.6 
202913.9 174.6 0.5 
203010.8 171.0 0.3 
20318.3 166.8 0.3 
Thereafter24.0 939.0 0.4 
Total future lease payments115.8 1,826.1 $2.9 
Less: Imputed interest17.8 514.9 
Present value of lease liability$98.0 $1,311.2