Leases (Tables)

9 Months Ended

May 31, 2022

Leases [Abstract]

Schedule of Supplemental Balance Sheet Information

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

Balance sheet supplemental information:	May 31, 2022		August 31, 2021
Operating leases:
Operating lease right-of-use assets	$	21,369	$	21,893
Operating lease obligations - current	2,270		2,259
Operating lease obligations - non-current	21,550		22,153
Total operating lease obligations	$	23,820	$	24,412
Finance leases:
Right-of-use assets included in:
Property, plant and equipment, net	$	664	$	725
Lease obligations included in:
Accrued expenses and other liabilities	37		37
Other non-current liabilities	919		974
Total finance lease obligations	$	956	$	1,010

Schedule of Supplemental Income Statement and Other Information

Supplemental Statement of Earnings information related to leases were as follows (in millions):

	Three months ended May 31,				Nine months ended May 31,
Statement of Earnings supplemental information:	2022		2021		2022		2021
Operating lease cost
Fixed	$	811	$	807	$	2,431	$	2,406
Variable 1	198		157		600		477
Finance lease cost
Amortization	$	11	$	11	$	33	$	33
Interest	13		13		38		39
Sublease income	$	24	$	21	$	76	$	62
Impairment of right-of-use assets	11		8		82		23
Gain on sale-leaseback 2	175		85		410		273

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):

	Nine months ended May 31,
Other supplemental information:	2022		2021
Cash paid for amounts included in the measurement of lease obligations:
Operating cash outflows from operating leases	$	2,515	$	2,562
Operating cash outflows from finance leases	35		36
Financing cash outflows from finance leases	32		31
Total	$	2,582	$	2,629
Right-of-use assets obtained in exchange for new lease obligations:
Operating leases	$	1,380	$	2,011
Finance leases	11		—
Total	$	1,391	$	2,011

Weighted average lease terms and discount rates for real estate leases were as follows:

Weighted average terms and discount rates:	May 31, 2022		August 31, 2021
Weighted average remaining lease term in years:
Operating leases	10.0		10.3
Finance leases	19.2		20.2
Weighted average discount rate:
Operating leases	4.77	%	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 May 31, 2022 were as follows (in millions):

Future lease payments:
Fiscal year	Finance lease		Operating lease
2022 (Remaining period)	$	22	$	867
2023	88		3,399
2024	88		3,295
2025	87		3,185
2026	87		3,081
2027	87		2,977
Later	1,052		13,412
Total undiscounted minimum lease payments	$	1,510	$	30,216
Less: Present value discount	(554)		(6,396)
Lease liability	$	956	$	23,820

Schedule of Aggregate Future Lease Payments Under Finance Leases

The aggregate future lease payments for operating and finance leases as of May 31, 2022 were as follows (in millions):

Future lease payments:
Fiscal year	Finance lease		Operating lease
2022 (Remaining period)	$	22	$	867
2023	88		3,399
2024	88		3,295
2025	87		3,185
2026	87		3,081
2027	87		2,977
Later	1,052		13,412
Total undiscounted minimum lease payments	$	1,510	$	30,216
Less: Present value discount	(554)		(6,396)
Lease liability	$	956	$	23,820