Quarterly report pursuant to Section 13 or 15(d)

LEASES

v3.22.4
LEASES
 9 Months Ended
Dec. 31, 2022
Leases [Abstract]  
LEASES LEASES
The Company leases certain retail locations, office space, distribution facilities, machinery and equipment, and vehicles. The substantial majority of these leases are operating leases. Total lease cost includes operating lease cost, variable lease cost, finance lease cost, short-term lease cost and impairment. Components of lease cost were as follows:
Three Months Ended December Nine Months Ended December
(In thousands) 2022 2021 2022 2021
Operating lease cost $ 103,127  $ 105,888  $ 306,259  $ 329,548 
Other lease cost 37,784  34,092  104,960  84,522 
Total lease cost $ 140,911  $ 139,980  $ 411,219  $ 414,070 

During the nine months ended December 2022 and 2021, the Company paid $315.0 million and $357.9 million for operating leases, respectively. During the nine months ended December 2022 and 2021, the Company obtained $356.1 million and $147.2 million of right-of-use assets in exchange for lease liabilities, respectively.
LEASES LEASES
The Company leases certain retail locations, office space, distribution facilities, machinery and equipment, and vehicles. The substantial majority of these leases are operating leases. Total lease cost includes operating lease cost, variable lease cost, finance lease cost, short-term lease cost and impairment. Components of lease cost were as follows:
Three Months Ended December Nine Months Ended December
(In thousands) 2022 2021 2022 2021
Operating lease cost $ 103,127  $ 105,888  $ 306,259  $ 329,548 
Other lease cost 37,784  34,092  104,960  84,522 
Total lease cost $ 140,911  $ 139,980  $ 411,219  $ 414,070 

During the nine months ended December 2022 and 2021, the Company paid $315.0 million and $357.9 million for operating leases, respectively. During the nine months ended December 2022 and 2021, the Company obtained $356.1 million and $147.2 million of right-of-use assets in exchange for lease liabilities, respectively.