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Debt (Tables)
 6 Months Ended
Feb. 29, 2020
Debt Disclosure [Abstract]  
Short-Term Borrowings
Debt consists of the following (all amounts are presented in millions of U.S. dollars, unless otherwise indicated):
 February 29, 2020August 31, 2019
Short-term debt 1
  
Commercial paper$2,517  $2,400  
Credit facilities 2
2,512  1,624  
$8 billion note issuance 3,4
2.700% unsecured notes due 2019
—  1,250  
£700 million note issuance 3,4
2.875% unsecured Pound sterling notes due 2020
513  —  
Other 5
443  464  
Total short-term debt$5,984  $5,738  
Long-term debt 1
  
$6 billion note issuance 3,4
  
3.450% unsecured notes due 2026
$1,890  $1,890  
4.650% unsecured notes due 2046
591  591  
$8 billion note issuance 3,4
3.300% unsecured notes due 2021
1,247  1,247  
3.800% unsecured notes due 2024
1,992  1,992  
4.500% unsecured notes due 2034
496  495  
4.800% unsecured notes due 2044
1,493  1,492  
£700 million note issuance 3,4
2.875% unsecured Pound sterling notes due 2020
—  488  
3.600% unsecured Pound sterling notes due 2025
384  365  
€750 million note issuance 3,4
2.125% unsecured Euro notes due 2026
818  824  
$4 billion note issuance 3,6
3.100% unsecured notes due 2022
1,197  1,197  
4.400% unsecured notes due 2042
493  493  
Other 7
24  25  
Total long-term debt, less current portion$10,625  $11,098  

1Carrying values are presented net of unamortized discount and debt issuance costs, where applicable, and foreign currency denominated debt has been translated using the spot rates at February 29, 2020 and August 31, 2019, respectively.
2Credit facilities primarily include debt outstanding under the various credit facilities described in more detail below.
3The $6 billion, $8 billion, £0.7 billion, €0.75 billion, and $4 billion note issuances as of February 29, 2020 had fair values and carrying values of $2.6 billion and $2.5 billion, $5.5 billion and $5.2 billion, $0.9 billion and $0.9 billion, $0.9 billion and $0.8 billion, and $1.8 billion and $1.7 billion, respectively. The fair values of the notes outstanding are Level 1 fair value measures and determined based on quoted market price and translated at the February 29, 2020 spot rate, as applicable. The fair values and carrying values of these issuances do not include notes that have been redeemed or repaid as of February 29, 2020.
4Notes are unsubordinated debt obligations of Walgreens Boots Alliance and rank equally in right of payment with all other unsecured and unsubordinated indebtedness of Walgreens Boots Alliance from time to time outstanding.
5Other short-term debt represents a mix of fixed and variable rate debt with various maturities and working capital facilities denominated in various currencies.
6Notes are senior debt obligations of Walgreen Co. and rank equally with all other unsecured and unsubordinated indebtedness of Walgreen Co. On December 31, 2014, Walgreens Boots Alliance fully and unconditionally guaranteed the outstanding notes on an unsecured and unsubordinated basis. The guarantee, for so long as it is in place, is an unsecured, unsubordinated debt obligation of Walgreens Boots Alliance and will rank equally in right of payment with all other unsecured and unsubordinated indebtedness of Walgreens Boots Alliance.
7Other long-term debt represents a mix of fixed and variable rate debt in various currencies with various maturities.
Long-Term Debt
Debt consists of the following (all amounts are presented in millions of U.S. dollars, unless otherwise indicated):
 February 29, 2020August 31, 2019
Short-term debt 1
  
Commercial paper$2,517  $2,400  
Credit facilities 2
2,512  1,624  
$8 billion note issuance 3,4
2.700% unsecured notes due 2019
—  1,250  
£700 million note issuance 3,4
2.875% unsecured Pound sterling notes due 2020
513  —  
Other 5
443  464  
Total short-term debt$5,984  $5,738  
Long-term debt 1
  
$6 billion note issuance 3,4
  
3.450% unsecured notes due 2026
$1,890  $1,890  
4.650% unsecured notes due 2046
591  591  
$8 billion note issuance 3,4
3.300% unsecured notes due 2021
1,247  1,247  
3.800% unsecured notes due 2024
1,992  1,992  
4.500% unsecured notes due 2034
496  495  
4.800% unsecured notes due 2044
1,493  1,492  
£700 million note issuance 3,4
2.875% unsecured Pound sterling notes due 2020
—  488  
3.600% unsecured Pound sterling notes due 2025
384  365  
€750 million note issuance 3,4
2.125% unsecured Euro notes due 2026
818  824  
$4 billion note issuance 3,6
3.100% unsecured notes due 2022
1,197  1,197  
4.400% unsecured notes due 2042
493  493  
Other 7
24  25  
Total long-term debt, less current portion$10,625  $11,098  

1Carrying values are presented net of unamortized discount and debt issuance costs, where applicable, and foreign currency denominated debt has been translated using the spot rates at February 29, 2020 and August 31, 2019, respectively.
2Credit facilities primarily include debt outstanding under the various credit facilities described in more detail below.
3The $6 billion, $8 billion, £0.7 billion, €0.75 billion, and $4 billion note issuances as of February 29, 2020 had fair values and carrying values of $2.6 billion and $2.5 billion, $5.5 billion and $5.2 billion, $0.9 billion and $0.9 billion, $0.9 billion and $0.8 billion, and $1.8 billion and $1.7 billion, respectively. The fair values of the notes outstanding are Level 1 fair value measures and determined based on quoted market price and translated at the February 29, 2020 spot rate, as applicable. The fair values and carrying values of these issuances do not include notes that have been redeemed or repaid as of February 29, 2020.
4Notes are unsubordinated debt obligations of Walgreens Boots Alliance and rank equally in right of payment with all other unsecured and unsubordinated indebtedness of Walgreens Boots Alliance from time to time outstanding.
5Other short-term debt represents a mix of fixed and variable rate debt with various maturities and working capital facilities denominated in various currencies.
6Notes are senior debt obligations of Walgreen Co. and rank equally with all other unsecured and unsubordinated indebtedness of Walgreen Co. On December 31, 2014, Walgreens Boots Alliance fully and unconditionally guaranteed the outstanding notes on an unsecured and unsubordinated basis. The guarantee, for so long as it is in place, is an unsecured, unsubordinated debt obligation of Walgreens Boots Alliance and will rank equally in right of payment with all other unsecured and unsubordinated indebtedness of Walgreens Boots Alliance.
7Other long-term debt represents a mix of fixed and variable rate debt in various currencies with various maturities.