Leases

3 Months Ended

Dec. 02, 2021

Leases [Abstract]

Leases

Leases

Operating lease costs include short-term and variable lease expenses. Short-term, variable leases, and sublease income are not material for the periods presented. The components of lease expense are presented below:

Three months ended	December 2, 2021		December 3, 2020
Finance lease cost
Amortization of right-of-use asset	$	25	$	16
Interest on lease liability	6		5
Operating lease cost	29		27
	$	60	$	48

Supplemental cash flow information related to leases was as follows:

Three months ended	December 2, 2021		December 3, 2020
Cash flows used for operating activities
Finance leases	$	5	$	6
Operating leases	27		27
Cash flows used for financing activities from financing leases	20		21
Noncash acquisitions of right-of-use assets
Finance leases	198		61
Operating leases	39		7

Supplemental balance sheet information related to leases was as follows:

As of	December 2, 2021			September 2, 2021
Finance lease right-of-use assets (included in property, plant, and equipment and assets held for sale)	$	886		$	766
Current operating lease liabilities (included in accounts payable and accrued expenses)	58			55
Weighted-average remaining lease term (in years)
Finance leases	6			5
Operating leases	7			7
Weighted-average discount rate
Finance leases	2.69		%	3.14		%
Operating leases	2.63		%	2.63		%

Maturities of lease liabilities existing as of December 2, 2021 were as follows:

For the year ending	Finance Leases		Operating Leases
Remainder of 2022	$	103	$	53
2023	123		72
2024	98		66
2025	83		53
2026	83		49
2027 and thereafter	565		407
Less imputed interest	(129)		(119)
	$	926	$	581

The table above excludes any lease liabilities for leases that have been executed but have not yet commenced. As of December 2, 2021, we had such lease liabilities relating to (1) operating lease payment obligations of $147 million for the initial 10-year lease term for a building, and (2) finance lease obligations of $324 million over a weighted-average period of 14 years for gas supply arrangements deemed to contain embedded leases. We will recognize right-of-use assets and associated lease liabilities at the time such assets become available for our use.

Leases

Leases

Operating lease costs include short-term and variable lease expenses. Short-term, variable leases, and sublease income are not material for the periods presented. The components of lease expense are presented below:

Three months ended	December 2, 2021		December 3, 2020
Finance lease cost
Amortization of right-of-use asset	$	25	$	16
Interest on lease liability	6		5
Operating lease cost	29		27
	$	60	$	48

Supplemental cash flow information related to leases was as follows:

Three months ended	December 2, 2021		December 3, 2020
Cash flows used for operating activities
Finance leases	$	5	$	6
Operating leases	27		27
Cash flows used for financing activities from financing leases	20		21
Noncash acquisitions of right-of-use assets
Finance leases	198		61
Operating leases	39		7

Supplemental balance sheet information related to leases was as follows:

As of	December 2, 2021			September 2, 2021
Finance lease right-of-use assets (included in property, plant, and equipment and assets held for sale)	$	886		$	766
Current operating lease liabilities (included in accounts payable and accrued expenses)	58			55
Weighted-average remaining lease term (in years)
Finance leases	6			5
Operating leases	7			7
Weighted-average discount rate
Finance leases	2.69		%	3.14		%
Operating leases	2.63		%	2.63		%

Maturities of lease liabilities existing as of December 2, 2021 were as follows:

For the year ending	Finance Leases		Operating Leases
Remainder of 2022	$	103	$	53
2023	123		72
2024	98		66
2025	83		53
2026	83		49
2027 and thereafter	565		407
Less imputed interest	(129)		(119)
	$	926	$	581

The table above excludes any lease liabilities for leases that have been executed but have not yet commenced. As of December 2, 2021, we had such lease liabilities relating to (1) operating lease payment obligations of $147 million for the initial 10-year lease term for a building, and (2) finance lease obligations of $324 million over a weighted-average period of 14 years for gas supply arrangements deemed to contain embedded leases. We will recognize right-of-use assets and associated lease liabilities at the time such assets become available for our use.