Leases (Tables)

6 Months Ended

Feb. 29, 2020

Leases [Abstract]

Assets And Liabilities, Lessee

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

	February 29, 2020
Operating Leases:
Operating lease right-of-use assets	$	21,755
Operating lease obligations - current	2,278
Operating lease obligations - non current	21,959
Total operating lease obligations	$	24,237
Finance Leases:
Right-of-use assets included in:
Property, plant and equipment, net	$	802
Lease obligations included in:
Accrued expenses and other liabilities	46
Other non-current liabilities	1,032
Total finance lease obligations	$	1,078

Lease, Cost

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

	Three months ended February 29, 2020		Six months ended February 29, 2020
Operating lease cost
Fixed	$	841	$	1,670
Variable 1	208		428
Finance lease cost
Amortization	$	10	$	19
Interest	14		28
Sublease income	(16)		(31)

¹Includes real estate property taxes, common area maintenance, insurance and rental payments based on sales volume.

Other supplemental information were as follows (in millions):

	Six months ended February 29, 2020
Gains on sale-leaseback transactions1	$	140
Cash paid for amounts included in the measurement of lease obligations
Operating cash flows from operating leases	$	1,677
Operating cash flows from finance leases	24
Financing cash flows from finance leases	23
Total	$	1,724
Right-of-use assets obtained in exchange for new lease obligations:
Operating leases	$	1,313
Finance leases	65
Total	$	1,378

¹Recorded within selling, general and administrative expenses. For the three months ended February 29, 2020 gain on sales-leaseback was $63 million.

Average lease term and discount rate as of February 29, 2020 were as follows:

	February 29, 2020
Weighted average remaining lease term in years:
Operating leases	10.9
Finance leases	21.1
Weighted average discount rate
Operating leases	4.94	%
Finance leases	5.32	%

Lessee, Operating Lease, Liability, Maturity

The aggregate future lease payments for operating and finance leases as of February 29, 2020 were as follows (in millions):

Fiscal year	Finance lease		Operating lease
2020 (Remaining period)	$	48	$	1,712
2021	95		3,340
2022	92		3,176
2023	89		3,021
2024	89		2,865
2025	87		2,690
Later	1,218		14,682
Total undiscounted minimum lease payments	$	1,718	$	31,486
Less: Present value discount	(640)		(7,249)
Lease liability	$	1,078	$	24,237

Finance Lease, Liability, Maturity

The aggregate future lease payments for operating and finance leases as of February 29, 2020 were as follows (in millions):

Fiscal year	Finance lease		Operating lease
2020 (Remaining period)	$	48	$	1,712
2021	95		3,340
2022	92		3,176
2023	89		3,021
2024	89		2,865
2025	87		2,690
Later	1,218		14,682
Total undiscounted minimum lease payments	$	1,718	$	31,486
Less: Present value discount	(640)		(7,249)
Lease liability	$	1,078	$	24,237