Leases

3 Months Ended

Nov. 30, 2023

Leases [Abstract]

[Finance] Leases

Leases

The components of lease cost are presented below:

Three months ended	November 30, 2023		December 1, 2022
Finance lease cost
Amortization of right-of-use asset	$	32	$	24
Interest on lease liability	6		6
Operating lease cost(1)	33		36
	$	71	$	66

(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	November 30, 2023		December 1, 2022
Cash flows used for operating activities
Finance leases	$	6	$	5
Operating leases	33		33
Cash flows used for financing activities – Finance leases	27		20
Noncash acquisitions of right-of-use assets
Finance leases	217		43
Operating leases	—		35

Supplemental balance sheet information related to leases was as follows:

As of	November 30, 2023			August 31, 2023
Finance lease right-of-use assets (included in property, plant, and equipment)	$	1,497		$	1,311
Current operating lease liabilities (included in accounts payable and accrued expenses)	62			66
Weighted-average remaining lease term (in years)
Finance leases	8			9
Operating leases	11			11
Weighted-average discount rate
Finance leases	4.25		%	3.86		%
Operating leases	3.23		%	3.21		%

As of November 30, 2023, maturities of lease liabilities by fiscal year were as follows:

For the year ending	Finance Leases		Operating Leases
Remainder of 2024	$	204	$	50
2025	255		77
2026	241		76
2027	235		76
2028	225		74
2029 and thereafter	541		453
Less imputed interest	(220)		(143)
	$	1,481	$	663

The table above excludes obligations for leases that have been executed but have not yet commenced. As of November 30, 2023, excluded obligations consisted of $122 million of finance lease obligations over a weighted-average period of 8 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.

[Operating] Leases

Leases

The components of lease cost are presented below:

Three months ended	November 30, 2023		December 1, 2022
Finance lease cost
Amortization of right-of-use asset	$	32	$	24
Interest on lease liability	6		6
Operating lease cost(1)	33		36
	$	71	$	66

(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	November 30, 2023		December 1, 2022
Cash flows used for operating activities
Finance leases	$	6	$	5
Operating leases	33		33
Cash flows used for financing activities – Finance leases	27		20
Noncash acquisitions of right-of-use assets
Finance leases	217		43
Operating leases	—		35

Supplemental balance sheet information related to leases was as follows:

As of	November 30, 2023			August 31, 2023
Finance lease right-of-use assets (included in property, plant, and equipment)	$	1,497		$	1,311
Current operating lease liabilities (included in accounts payable and accrued expenses)	62			66
Weighted-average remaining lease term (in years)
Finance leases	8			9
Operating leases	11			11
Weighted-average discount rate
Finance leases	4.25		%	3.86		%
Operating leases	3.23		%	3.21		%

As of November 30, 2023, maturities of lease liabilities by fiscal year were as follows:

For the year ending	Finance Leases		Operating Leases
Remainder of 2024	$	204	$	50
2025	255		77
2026	241		76
2027	235		76
2028	225		74
2029 and thereafter	541		453
Less imputed interest	(220)		(143)
	$	1,481	$	663

The table above excludes obligations for leases that have been executed but have not yet commenced. As of November 30, 2023, excluded obligations consisted of $122 million of finance lease obligations over a weighted-average period of 8 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.