Leases (Tables)

3 Months Ended

Nov. 30, 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:	November 30, 2021		August 31, 2021
Operating Leases:
Operating lease right-of-use assets	$	21,826	$	21,893
Operating lease obligations - current	2,266		2,259
Operating lease obligations - non-current	22,103		22,153
Total operating lease obligations	$	24,369	$	24,412
Finance Leases:
Right-of-use assets included in:
Property, plant and equipment, net	$	713	$	725
Lease obligations included in:
Accrued expenses and other liabilities	37		37
Other non-current liabilities	963		974
Total finance lease obligations	$	1,000	$	1,010

Schedule of Supplemental Income Statement and Other Information

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

	Three months ended November 30,
Statement of Earnings supplemental information:	2021		2020
Operating lease cost
Fixed	$	805	$	805
Variable 1	205		158
Finance lease cost
Amortization	$	11	$	11
Interest	13		13
Sublease income	25		20
Impairment of right-of-use assets	68		10
Gain on sale and leaseback 2	87		93

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 related to leases were as follows (in millions):

	Three months ended November 30,
Other Supplemental Information:	2021		2020
Cash paid for amounts included in the measurement of lease obligations:
Operating cash flows from operating leases	$	846	$	857
Operating cash flows from finance leases	12		12
Financing cash flows from finance leases	11		10
Total	$	869	$	879
Right-of-use assets obtained in exchange for new lease obligations:
Operating leases	$	544	$	787
Finance leases	5		—
Total	$	549	$	787

Average lease term and discount rate were as follows:

Weighted average terms and discount rates:	November 30, 2021		August 31, 2021
Weighted average remaining lease term in years:
Operating leases	10.2		10.3
Finance leases	20.1		20.2
Weighted average discount rate:
Operating leases	4.75	%	4.77	%
Finance leases	5.18	%	5.18	%

Schedule of Aggregate Future Lease Payments Under Operating Leases

The aggregate future lease payments for operating and finance leases as of November 30, 2021 were as follows (in millions):

Future lease payments:
Fiscal year	Finance lease		Operating lease
2022 (Remaining period)	$	67	$	2,608
2023	88		3,376
2024	88		3,260
2025	87		3,145
2026	87		3,032
2027	86		2,924
Later	1,054		12,801
Total undiscounted minimum lease payments	$	1,556	$	31,146
Less: Present value discount	(556)		(6,777)
Lease liability	$	1,000	$	24,369

Schedule of Aggregate Future Lease Payments Under Finance Leases

The aggregate future lease payments for operating and finance leases as of November 30, 2021 were as follows (in millions):

Future lease payments:
Fiscal year	Finance lease		Operating lease
2022 (Remaining period)	$	67	$	2,608
2023	88		3,376
2024	88		3,260
2025	87		3,145
2026	87		3,032
2027	86		2,924
Later	1,054		12,801
Total undiscounted minimum lease payments	$	1,556	$	31,146
Less: Present value discount	(556)		(6,777)
Lease liability	$	1,000	$	24,369