LEASES (Tables)

6 Months Ended

Mar. 30, 2024

The components of lease expense are as follows (in millions):


		Thirteen Week Periods Ended				Twenty-Six Week Periods Ended
	Classification	March 30, 2024		April 1, 2023		March 30, 2024		April 1, 2023
Operating lease cost	Cost of sales or selling and administrative expenses	$	5	$	5	$	10	$	10
Finance lease cost:
Amortization of leased assets	Cost of sales	3		2		6		5
Interest on lease liabilities	Interest expense-net	4		3		7		6
Total lease cost		$	12	$	10	$	23	$	21

Supplemental cash flow information related to leases is as follows (in millions):


	Twenty-Six Week Periods Ended
	March 30, 2024		April 1, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$	10	$	10
Operating cash outflows from finance leases	6		5
Financing cash outflows from finance leases	3		2

Lease assets obtained in exchange for new lease obligations:
Operating leases	$	2	$	5
Financing leases	65		48

Supplemental balance sheet information related to leases is as follows (in millions):


	Classification	March 30, 2024		September 30, 2023
Operating Leases
Operating lease right-of-use assets	Other non-current assets	$	56	$	64

Current operating lease liabilities	Accrued and other current liabilities	15		16
Long-term operating lease liabilities	Other non-current liabilities	44		51
Total operating lease liabilities		$	59	$	67

Finance Leases
Finance lease right-of-use assets, net	Property, plant and equipment-net	$	241	$	176

Current finance lease liabilities	Current portion of long-term debt	5		5
Long-term finance lease liabilities	Long-term debt	254		188
Total finance lease liabilities		$	259	$	193

As of March 30, 2024, the Company has the following remaining lease term and weighted average discount rates:


Weighted-average remaining lease term
Operating leases			5.4 years
Finance leases			21.4 years

Weighted-average discount rate
Operating leases			6.0%
Finance leases			7.0%

Maturities of lease liabilities at March 30, 2024 are as follows (in millions):


	Operating Leases		Finance Leases
2024	$	9	$	9
2025	18		20
2026	13		20
2027	10		22
2028	6		22
Thereafter	14		451
Total future minimum lease payments	70		544
Less: imputed interest	11		285
Present value of lease liabilities reported	$	59	$	259

Maturities of lease liabilities at March 30, 2024 are as follows (in millions):


	Operating Leases		Finance Leases
2024	$	9	$	9
2025	18		20
2026	13		20
2027	10		22
2028	6		22
Thereafter	14		451
Total future minimum lease payments	70		544
Less: imputed interest	11		285
Present value of lease liabilities reported	$	59	$	259