LEASES (Tables)
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12 Months Ended |
Mar. 28, 2026 |
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| Leases [Abstract] |
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| Schedule of Assets and Liabilities Related to Operating and Finance Leases |
The assets and liabilities related to operating and finance leases were as follows:
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| (In thousands) |
Location in Consolidated Balance Sheet |
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March 2026 |
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March 2025 |
| Assets: |
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| Operating lease assets |
Operating lease right-of-use assets |
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$ |
1,320,733 |
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$ |
1,262,319 |
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| Finance lease assets |
Property, plant and equipment, net |
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— |
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10,584 |
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| Total lease assets |
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$ |
1,320,733
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$ |
1,272,903
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| Liabilities: |
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| Current |
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| Operating lease liabilities |
Current portion of operating lease liabilities |
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$ |
333,469 |
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$ |
308,741 |
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| Finance lease liabilities |
Current portion of long-term debt |
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— |
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1,011 |
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| Noncurrent |
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| Operating lease liabilities |
Long-term portion of operating lease liabilities |
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1,119,876 |
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1,079,182 |
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| Finance lease liabilities |
Long-term debt |
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— |
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14,039 |
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| Total lease liabilities |
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$ |
1,453,345
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$ |
1,402,973
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| Schedule of Components of Lease Costs |
The components of lease costs were as follows:
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Year Ended March |
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| (In thousands) |
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2026 |
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2025 |
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2024 |
| Operating lease cost |
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$ |
411,339 |
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$ |
403,734 |
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$ |
410,427 |
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| Finance lease cost – amortization of right-of-use assets |
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370 |
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917 |
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917 |
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| Finance lease cost – interest on lease liabilities |
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233 |
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428 |
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457 |
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| Short-term lease cost |
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21,868 |
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19,014 |
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25,227 |
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| Variable lease cost |
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127,077 |
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135,721 |
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132,453 |
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| Impairment |
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5,095 |
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— |
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12,958 |
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| Gain recognized from sale-leaseback transaction |
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— |
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(17,434) |
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— |
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| Total lease cost |
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$ |
565,982
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$ |
542,380
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$ |
582,439
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Supplemental cash flow information related to leases was as follows:
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Year Ended March |
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| (In thousands) |
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2026 |
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2025 |
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2024 |
| Cash paid for amounts included in the measurement of lease liabilities: |
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| Operating cash flows – operating leases |
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$ |
420,411 |
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$ |
420,156 |
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$ |
424,646 |
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| Operating cash flows – finance leases |
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233 |
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428 |
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457 |
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| Financing cash flows – finance leases |
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663 |
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1,109 |
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1,079 |
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| Right-of-use assets obtained in exchange for lease liabilities: |
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| Operating leases |
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393,824 |
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374,707 |
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337,980 |
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Lease terms and discount rates were as follows:
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March 2026 |
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March 2025 |
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March 2024 |
| Weighted average remaining lease term: |
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| Operating leases |
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6.25 years |
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6.01 years |
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6.20 years |
| Finance leases |
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N/A |
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11.51 years |
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12.51 years |
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| Weighted average discount rate: |
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| Operating leases |
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4.22 |
% |
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3.72 |
% |
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3.34 |
% |
| Finance leases |
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N/A |
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2.71 |
% |
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2.71 |
% |
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| Schedule of Maturities of Operating Lease Liabilities |
Maturities of operating lease liabilities for the next five fiscal years and thereafter as of March 2026 were as follows:
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| (In thousands) |
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Operating Leases |
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| 2027 |
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$ |
385,808 |
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| 2028 |
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317,664 |
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| 2029 |
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229,933 |
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| 2030 |
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178,417 |
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| 2031 |
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136,392 |
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| Thereafter |
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407,194 |
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| Total lease payments |
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1,655,408
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| Less: present value adjustment |
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202,063 |
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| Present value of lease liabilities |
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$ |
1,453,345
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| Schedule of Maturities of Financing Lease Liabilities |
Maturities of operating lease liabilities for the next five fiscal years and thereafter as of March 2026 were as follows:
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| (In thousands) |
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Operating Leases |
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| 2027 |
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$ |
385,808 |
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| 2028 |
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317,664 |
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| 2029 |
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229,933 |
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| 2030 |
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178,417 |
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| 2031 |
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136,392 |
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| Thereafter |
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407,194 |
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| Total lease payments |
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1,655,408
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| Less: present value adjustment |
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202,063 |
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| Present value of lease liabilities |
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$ |
1,453,345
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