Leases (Tables)

12 Months Ended

Aug. 31, 2021

Leases [Abstract]

Schedule of supplemental balance sheet information

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

Balance Sheet supplemental information:	August 31, 2021		August 31, 2020
Operating Leases:
Operating lease right-of-use assets	$	21,893	$	21,453
Operating lease obligations - current	$	2,259	$	2,358
Operating lease obligations - non current	22,153		21,765
Total operating lease obligations	$	24,412	$	24,123
Finance Leases:
Right-of-use assets included in:
Property, plant and equipment, net	$	725	$	766
Lease obligations included in:
Accrued expenses and other liabilities	$	37	$	31
Other non-current liabilities	974		1,013
Total finance lease obligations	$	1,010	$	1,044

Schedule of supplemental income statement and other information

Supplemental income statement information related to leases were as follows (in millions):

Statement of Earnings supplemental information:	August 31, 2021		August 31, 2020
Operating lease cost
Fixed	$	3,219	$	3,252
Variable 1	664		750
Finance lease cost
Amortization	$	45	$	40
Interest	52		54
Sublease income	$	84	$	75
Impairment of right-of-use assets	86		213
Impairment of finance lease assets	—		24
Gains on sale-leaseback transactions 2	367		308

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

2Recorded within selling, general and administrative expenses.

Other supplemental information was as follows (in millions):

Other Supplemental Information:	August 31, 2021		August 31, 2020
Cash paid for amounts included in the measurement of lease obligations
Operating cash flows from operating leases	$	3,414	$	3,251
Operating cash flows from finance leases	48		48
Financing cash flows from finance leases	42		47
Total	$	3,503	$	3,346
Right-of-use assets obtained in exchange for new lease obligations:
Operating leases	$	2,765	$	2,443
Finance leases	—		65
Total	$	2,765	$	2,508

Average lease term and discount rate as of August 31, 2021 were as follows:

Weighted average terms and discount rates:	August 31, 2021		August 31, 2020
Weighted average remaining lease term in years:
Operating leases	10.3		10.7
Finance leases	20.2		20.6
Weighted average discount rate
Operating leases	4.77	%	4.97	%
Finance leases	5.18	%	5.14	%

Schedule of future lease payments under operating leases

The aggregate future lease payments for operating and finance leases as of August 31, 2021 were as follows (in millions):

Future lease payments (Fiscal years):	Finance lease		Operating lease
2022	$	89	$	3,439
2023	88		3,342
2024	88		3,224
2025	87		3,102
2026	86		2,982
Later	1,142		15,210
Total undiscounted minimum lease payments	$	1,580	$	31,299
Less: Present value discount	(570)		(6,887)
Lease liability	$	1,010	$	24,412

Schedule of future lease payments under finance leases

The aggregate future lease payments for operating and finance leases as of August 31, 2021 were as follows (in millions):

Future lease payments (Fiscal years):	Finance lease		Operating lease
2022	$	89	$	3,439
2023	88		3,342
2024	88		3,224
2025	87		3,102
2026	86		2,982
Later	1,142		15,210
Total undiscounted minimum lease payments	$	1,580	$	31,299
Less: Present value discount	(570)		(6,887)
Lease liability	$	1,010	$	24,412