Debt (Tables)

3 Months Ended

Nov. 30, 2020

Debt Disclosure [Abstract]

Short-Term Borrowings

	November 30, 2020		August 31, 2020
Short-term debt
Commercial paper	$	1,662	$	1,517
Credit facilities	1,617		1,071
£700 million note issuance 1
2.875% unsecured Pound sterling notes due 2020	—		533
$8 billion note issuance 1
3.300% unsecured notes due 2021	1,249		—
Other 2	718		418
Total short-term debt	$	5,245	$	3,538
Long-term debt
$1.5 billion note issuance 1
3.200% unsecured notes due 2030	$	497	$	497
4.100% unsecured notes due 2050	990		990
$6 billion note issuance 1
3.450% unsecured notes due 2026	1,892		1,891
4.650% unsecured notes due 2046	591		591
$8 billion note issuance 1
3.300% unsecured notes due 2021	—		1,248
3.800% unsecured notes due 2024	1,994		1,993
4.500% unsecured notes due 2034	496		496
4.800% unsecured notes due 2044	1,493		1,493
£700 million note issuance 1
3.600% unsecured Pound sterling notes due 2025	400		398
€750 million note issuance 1
2.125% unsecured Euro notes due 2026	896		891
$4 billion note issuance3
3.100% unsecured notes due 2022	1,198		1,198
4.400% unsecured notes due 2042	493		493
Other 4	34		24
Total long-term debt, less current portion	$	10,973	$	12,203

1Notes are unsubordinated debt obligations of the Company and rank equally in right of payment with all other unsecured and unsubordinated indebtedness of the Company from time to time outstanding. On October 20, 2020, the Company redeemed in full the £400 million aggregate principal amount outstanding of its 2.875% notes due 2020 issued by the Company on November 20, 2014.

2Other short-term debt represents a mix of fixed and variable rate debt with various maturities and working capital facilities denominated in various currencies.

3Notes are senior debt obligations of Walgreen Co. and rank equally with all other unsecured and unsubordinated indebtedness of Walgreen Co. On December 31, 2014, the Company 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 the Company and will rank equally in right of payment with all other unsecured and unsubordinated indebtedness of the Company.

4Other long-term debt represents a mix of fixed and variable rate debt in various currencies with various maturities.

Long-Term Debt

	November 30, 2020		August 31, 2020
Short-term debt
Commercial paper	$	1,662	$	1,517
Credit facilities	1,617		1,071
£700 million note issuance 1
2.875% unsecured Pound sterling notes due 2020	—		533
$8 billion note issuance 1
3.300% unsecured notes due 2021	1,249		—
Other 2	718		418
Total short-term debt	$	5,245	$	3,538
Long-term debt
$1.5 billion note issuance 1
3.200% unsecured notes due 2030	$	497	$	497
4.100% unsecured notes due 2050	990		990
$6 billion note issuance 1
3.450% unsecured notes due 2026	1,892		1,891
4.650% unsecured notes due 2046	591		591
$8 billion note issuance 1
3.300% unsecured notes due 2021	—		1,248
3.800% unsecured notes due 2024	1,994		1,993
4.500% unsecured notes due 2034	496		496
4.800% unsecured notes due 2044	1,493		1,493
£700 million note issuance 1
3.600% unsecured Pound sterling notes due 2025	400		398
€750 million note issuance 1
2.125% unsecured Euro notes due 2026	896		891
$4 billion note issuance3
3.100% unsecured notes due 2022	1,198		1,198
4.400% unsecured notes due 2042	493		493
Other 4	34		24
Total long-term debt, less current portion	$	10,973	$	12,203

1Notes are unsubordinated debt obligations of the Company and rank equally in right of payment with all other unsecured and unsubordinated indebtedness of the Company from time to time outstanding. On October 20, 2020, the Company redeemed in full the £400 million aggregate principal amount outstanding of its 2.875% notes due 2020 issued by the Company on November 20, 2014.

2Other short-term debt represents a mix of fixed and variable rate debt with various maturities and working capital facilities denominated in various currencies.

3Notes are senior debt obligations of Walgreen Co. and rank equally with all other unsecured and unsubordinated indebtedness of Walgreen Co. On December 31, 2014, the Company 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 the Company and will rank equally in right of payment with all other unsecured and unsubordinated indebtedness of the Company.

4Other long-term debt represents a mix of fixed and variable rate debt in various currencies with various maturities.