Leases

6 Months Ended

Mar. 03, 2022

Leases [Abstract]

Leases

Leases

The components of lease expense are presented below:

	Quarter ended				Six months ended
	March 3, 2022		March 4, 2021		March 3, 2022		March 4, 2021
Finance lease cost
Amortization of right-of-use asset	$	27	$	17	$	52	$	33
Interest on lease liability	6		5		12		10
Operating lease cost	30		27		59		54
	$	63	$	49	$	123	$	97

Supplemental cash flow information related to leases was as follows:

Six months ended	March 3, 2022		March 4, 2021
Cash flows used for operating activities
Finance leases	$	11	$	11
Operating leases	56		53
Cash flows used for financing activities from financing leases	52		41
Noncash acquisitions of right-of-use assets
Finance leases	304		68
Operating leases	68		21

Supplemental balance sheet information related to leases was as follows:

As of	March 3, 2022			September 2, 2021
Finance lease right-of-use assets (included in property, plant, and equipment and assets held for sale)	$	968		$	766
Current operating lease liabilities (included in accounts payable and accrued expenses)	58			55
Weighted-average remaining lease term (in years)
Finance leases	12			11
Operating leases	12			12
Weighted-average discount rate
Finance leases	2.65		%	3.14		%
Operating leases	2.62		%	2.63		%

As of March 3, 2022, maturities of lease liabilities were as follows:

For the year ending	Finance Leases		Operating Leases
Remainder of 2022	$	74	$	34
2023	131		62
2024	106		68
2025	91		56
2026	91		53
2027 and thereafter	649		440
Less imputed interest	(147)		(120)
	$	995	$	593

The table above excludes any lease liabilities for leases that have been executed but have not yet commenced. As of March 3, 2022, we had such lease liabilities relating to (1) operating lease payment obligations of $148 million for the initial 10-year lease term for a building, and (2) finance lease obligations of $218 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

The components of lease expense are presented below:

	Quarter ended				Six months ended
	March 3, 2022		March 4, 2021		March 3, 2022		March 4, 2021
Finance lease cost
Amortization of right-of-use asset	$	27	$	17	$	52	$	33
Interest on lease liability	6		5		12		10
Operating lease cost	30		27		59		54
	$	63	$	49	$	123	$	97

Supplemental cash flow information related to leases was as follows:

Six months ended	March 3, 2022		March 4, 2021
Cash flows used for operating activities
Finance leases	$	11	$	11
Operating leases	56		53
Cash flows used for financing activities from financing leases	52		41
Noncash acquisitions of right-of-use assets
Finance leases	304		68
Operating leases	68		21

Supplemental balance sheet information related to leases was as follows:

As of	March 3, 2022			September 2, 2021
Finance lease right-of-use assets (included in property, plant, and equipment and assets held for sale)	$	968		$	766
Current operating lease liabilities (included in accounts payable and accrued expenses)	58			55
Weighted-average remaining lease term (in years)
Finance leases	12			11
Operating leases	12			12
Weighted-average discount rate
Finance leases	2.65		%	3.14		%
Operating leases	2.62		%	2.63		%

As of March 3, 2022, maturities of lease liabilities were as follows:

For the year ending	Finance Leases		Operating Leases
Remainder of 2022	$	74	$	34
2023	131		62
2024	106		68
2025	91		56
2026	91		53
2027 and thereafter	649		440
Less imputed interest	(147)		(120)
	$	995	$	593

The table above excludes any lease liabilities for leases that have been executed but have not yet commenced. As of March 3, 2022, we had such lease liabilities relating to (1) operating lease payment obligations of $148 million for the initial 10-year lease term for a building, and (2) finance lease obligations of $218 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.