Debt (Tables)

9 Months Ended

May 31, 2024

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):

	May 31, 2024		August 31, 2023
Short-term debt
Credit facilities 1
November 2021 DDTL due November 2024	$	290	$	—
$850 million note issuance 1
0.9500% unsecured notes due 2023	—		850
$8 billion note issuance 1
3.800% unsecured notes due 2024	1,156		—
Other 2	60		68
Total short-term debt	$	1,506	$	917
Long-term debt
Credit facilities 1
November 2021 DDTL due November 2024	$	—	$	289
December 2022 DDTL due January 2026	999		999
August 2023 DDTL due November 2026	1,000		—
August 2023 RCF due August 2026	70		—
$1.5 billion note issuance 1
3.200% unsecured notes due 2030	498		498
4.100% unsecured notes due 2050	638		793
$6 billion note issuance 1
3.450% unsecured notes due 2026	1,445		1,444
4.650% unsecured notes due 2046	302		318
$8 billion note issuance 1
3.800% unsecured notes due 2024	—		1,156
4.500% unsecured notes due 2034	301		301
4.800% unsecured notes due 2044	693		869
£700 million note issuance 1
3.600% unsecured Pound Sterling notes due 2025	381		381
€750 million note issuance 1
2.125% unsecured Euro notes due 2026	813		814
$4 billion note issuance 3
4.400% unsecured notes due 2042	252		263
Other 2	14		20
Total long-term debt, less current portion	$	7,407	$	8,145

1Notes, borrowings under credit facilities and commercial paper are unsecured and 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.

2Other 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.

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):

	May 31, 2024		August 31, 2023
Short-term debt
Credit facilities 1
November 2021 DDTL due November 2024	$	290	$	—
$850 million note issuance 1
0.9500% unsecured notes due 2023	—		850
$8 billion note issuance 1
3.800% unsecured notes due 2024	1,156		—
Other 2	60		68
Total short-term debt	$	1,506	$	917
Long-term debt
Credit facilities 1
November 2021 DDTL due November 2024	$	—	$	289
December 2022 DDTL due January 2026	999		999
August 2023 DDTL due November 2026	1,000		—
August 2023 RCF due August 2026	70		—
$1.5 billion note issuance 1
3.200% unsecured notes due 2030	498		498
4.100% unsecured notes due 2050	638		793
$6 billion note issuance 1
3.450% unsecured notes due 2026	1,445		1,444
4.650% unsecured notes due 2046	302		318
$8 billion note issuance 1
3.800% unsecured notes due 2024	—		1,156
4.500% unsecured notes due 2034	301		301
4.800% unsecured notes due 2044	693		869
£700 million note issuance 1
3.600% unsecured Pound Sterling notes due 2025	381		381
€750 million note issuance 1
2.125% unsecured Euro notes due 2026	813		814
$4 billion note issuance 3
4.400% unsecured notes due 2042	252		263
Other 2	14		20
Total long-term debt, less current portion	$	7,407	$	8,145

1Notes, borrowings under credit facilities and commercial paper are unsecured and 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.

2Other 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.