Leases (Tables)

3 Months Ended

Nov. 30, 2019

Leases [Abstract]

Assets And Liabilities, Lessee

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

	November 30, 2019
Operating Leases:
Operating lease right-of-use assets	$	21,674
Operating lease obligations - current	2,288
Operating lease obligations - non current	21,894
Total operating lease obligations	$	24,182
Finance Leases:
Right-of-use assets included in:
Property, plant and equipment, net	$	755
Lease obligations included in:
Accrued expenses and other liabilities	43
Other non-current liabilities	977
Total finance lease obligations	$	1,020

Lease, Cost

The components of lease costs were as follows (in millions):

	Three months ended November 30, 2019
Operating lease cost
Fixed	$	830
Variable	14
Finance lease cost
Amortization	$	9
Interest	14
Sublease income	(15)

Other supplemental information were as follows (in millions):

	Three months ended November 30, 2019
Gains on sale-leaseback transactions1	$	77
Cash paid for amounts included in the measurement of lease obligations
Operating cash flows from operating leases	$	831
Operating cash flows from finance leases	11
Financing cash flows from finance leases	13
Total	$	855
Right-of-use assets obtained in exchange for new lease obligations:
Operating leases	$	552

¹ Recorded within selling, general and administrative expenses.

Average lease term and discount rate were as follows:

	Three months ended November 30, 2019
Weighted average remaining lease term in years:
Operating leases	11.1
Finance leases	20.8
Weighted average discount rate
Operating leases	4.95	%
Finance leases	5.42	%

Lessee, Operating Lease, Liability, Maturity

The aggregate future lease payments for operating and finance leases as of November 30, 2019 were as follows (in millions):

Fiscal year	Finance lease		Operating lease
2020 (Remaining period)	$	72	$	2,597
2021	94		3,357
2022	93		3,165
2023	92		2,984
2024	89		2,807
2025	87		2,611
Later	1,170		14,092
Total undiscounted minimum lease payments	$	1,697	$	31,615
Less: Present value discount	(677)		(7,433)
Lease liability	$	1,020	$	24,182

Finance Lease, Liability, Maturity

The aggregate future lease payments for operating and finance leases as of November 30, 2019 were as follows (in millions):

Fiscal year	Finance lease		Operating lease
2020 (Remaining period)	$	72	$	2,597
2021	94		3,357
2022	93		3,165
2023	92		2,984
2024	89		2,807
2025	87		2,611
Later	1,170		14,092
Total undiscounted minimum lease payments	$	1,697	$	31,615
Less: Present value discount	(677)		(7,433)
Lease liability	$	1,020	$	24,182