Leases

3 Months Ended

Dec. 01, 2022

Leases [Abstract]

Leases

Leases

The components of lease cost are presented below:

Three months ended	December 1, 2022		December 2, 2021
Finance lease cost
Amortization of right-of-use assets	$	24	$	25
Interest on lease liabilities	6		6
Operating lease cost(1)	36		29
	$	66	$	60

(1)Operating lease cost includes short-term and variable lease expenses, which were not material for the periods presented.

Supplemental cash flow information related to leases was as follows:

Three months ended	December 1, 2022		December 2, 2021
Cash flows used for operating activities
Finance leases	$	5	$	5
Operating leases	33		27
Cash flows used for financing activities – Finance leases	20		20
Noncash acquisitions of right-of-use assets
Finance leases	43		198
Operating leases	35		39

Supplemental balance sheet information related to leases was as follows:

As of	December 1, 2022			September 1, 2022
Finance lease right-of-use assets (included in property, plant, and equipment)	$	924		$	904
Current operating lease liabilities (included in accounts payable and accrued expenses)	61			60
Weighted-average remaining lease term (in years)
Finance leases	11			12
Operating leases	12			12
Weighted-average discount rate
Finance leases	2.67		%	2.65		%
Operating leases	3.04		%	2.90		%

As of December 1, 2022, maturities of lease liabilities by fiscal year were as follows:

For the year ending	Finance Leases		Operating Leases
Remainder of 2023	$	96	$	34
2024	105		72
2025	94		71
2026	93		74
2027	93		72
2028 and thereafter	569		524
Less imputed interest	(136)		(161)
	$	914	$	686

The table above excludes obligations for leases that have been executed but have not yet commenced. As of December 1, 2022, excluded obligations consisted of $186 million of estimated finance lease payments over a weighted-average period of 13 years for gas supply arrangements deemed to contain embedded leases and equipment 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 cost are presented below:

Three months ended	December 1, 2022		December 2, 2021
Finance lease cost
Amortization of right-of-use assets	$	24	$	25
Interest on lease liabilities	6		6
Operating lease cost(1)	36		29
	$	66	$	60

(1)Operating lease cost includes short-term and variable lease expenses, which were not material for the periods presented.

Supplemental cash flow information related to leases was as follows:

Three months ended	December 1, 2022		December 2, 2021
Cash flows used for operating activities
Finance leases	$	5	$	5
Operating leases	33		27
Cash flows used for financing activities – Finance leases	20		20
Noncash acquisitions of right-of-use assets
Finance leases	43		198
Operating leases	35		39

Supplemental balance sheet information related to leases was as follows:

As of	December 1, 2022			September 1, 2022
Finance lease right-of-use assets (included in property, plant, and equipment)	$	924		$	904
Current operating lease liabilities (included in accounts payable and accrued expenses)	61			60
Weighted-average remaining lease term (in years)
Finance leases	11			12
Operating leases	12			12
Weighted-average discount rate
Finance leases	2.67		%	2.65		%
Operating leases	3.04		%	2.90		%

As of December 1, 2022, maturities of lease liabilities by fiscal year were as follows:

For the year ending	Finance Leases		Operating Leases
Remainder of 2023	$	96	$	34
2024	105		72
2025	94		71
2026	93		74
2027	93		72
2028 and thereafter	569		524
Less imputed interest	(136)		(161)
	$	914	$	686

The table above excludes obligations for leases that have been executed but have not yet commenced. As of December 1, 2022, excluded obligations consisted of $186 million of estimated finance lease payments over a weighted-average period of 13 years for gas supply arrangements deemed to contain embedded leases and equipment leases. We will recognize right-of-use assets and associated lease liabilities at the time such assets become available for our use.