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Debt (Tables)
3 Months Ended
Nov. 30, 2021
Debt Disclosure [Abstract]  
Short-Term Borrowings Debt consists of the following (all amounts are presented in millions of U.S. dollars and debt issuances are denominated in U.S. dollars, unless otherwise noted):
 November 30, 2021August 31, 2021
Short-term debt   
Commercial paper$875 $— 
Credit facilities799 — 
$8 billion note issuance 1
3.300% unsecured notes due 2021 2
— 1,250 
$4 billion note issuance 4
3.100% unsecured notes due 2022
731 — 
Other 3
242 56 
Total short-term debt$2,647 $1,305 
Long-term debt   
Credit facilities $2,990 $— 
$850 million note issuance 1
0.9500% unsecured notes due 2023
848 — 
$1.5 billion note issuance 1
3.200% unsecured notes due 2030
497 497 
4.100% unsecured notes due 2050
792 792 
$6 billion note issuance 1
  
3.450% unsecured notes due 2026
1,442 1,442 
4.650% unsecured notes due 2046
318 318 
$8 billion note issuance 1
3.800% unsecured notes due 2024
1,154 1,154 
4.500% unsecured notes due 2034
301 301 
4.800% unsecured notes due 2044
868 868 
£700 million note issuance 1
3.600% unsecured Pound sterling notes due 2025
403 408 
€750 million note issuance 1
2.125% unsecured Euro notes due 2026
846 873 
$4 billion note issuance 4
3.100% unsecured notes due 2022
— 731 
4.400% unsecured notes due 2042
263 263 
Other 3
477 29 
Total long-term debt, less current portion$11,199 $7,675 

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.
2On September 18, 2021, the Company redeemed in full the $1.25 billion aggregate principal amount outstanding of its 3.300% unsecured notes due 2021 issued by the Company on November 18, 2014.
3Other debt represents a mix of fixed and variable rate debt with various maturities and working capital facilities denominated in various currencies. Other long term debt includes $447 million of debt acquired as part of Shields acquisition.
4Notes 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.
Long-Term Debt Debt consists of the following (all amounts are presented in millions of U.S. dollars and debt issuances are denominated in U.S. dollars, unless otherwise noted):
 November 30, 2021August 31, 2021
Short-term debt   
Commercial paper$875 $— 
Credit facilities799 — 
$8 billion note issuance 1
3.300% unsecured notes due 2021 2
— 1,250 
$4 billion note issuance 4
3.100% unsecured notes due 2022
731 — 
Other 3
242 56 
Total short-term debt$2,647 $1,305 
Long-term debt   
Credit facilities $2,990 $— 
$850 million note issuance 1
0.9500% unsecured notes due 2023
848 — 
$1.5 billion note issuance 1
3.200% unsecured notes due 2030
497 497 
4.100% unsecured notes due 2050
792 792 
$6 billion note issuance 1
  
3.450% unsecured notes due 2026
1,442 1,442 
4.650% unsecured notes due 2046
318 318 
$8 billion note issuance 1
3.800% unsecured notes due 2024
1,154 1,154 
4.500% unsecured notes due 2034
301 301 
4.800% unsecured notes due 2044
868 868 
£700 million note issuance 1
3.600% unsecured Pound sterling notes due 2025
403 408 
€750 million note issuance 1
2.125% unsecured Euro notes due 2026
846 873 
$4 billion note issuance 4
3.100% unsecured notes due 2022
— 731 
4.400% unsecured notes due 2042
263 263 
Other 3
477 29 
Total long-term debt, less current portion$11,199 $7,675 

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.
2On September 18, 2021, the Company redeemed in full the $1.25 billion aggregate principal amount outstanding of its 3.300% unsecured notes due 2021 issued by the Company on November 18, 2014.
3Other debt represents a mix of fixed and variable rate debt with various maturities and working capital facilities denominated in various currencies. Other long term debt includes $447 million of debt acquired as part of Shields acquisition.
4Notes 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.