Leases

9 Months Ended

May 30, 2024

Leases [Abstract]

[Finance] Leases

Leases

The components of lease cost are presented below:

	Quarter ended				Nine months ended
	May 30, 2024		June 1, 2023		May 30, 2024		June 1, 2023
Finance lease cost
Amortization of right-of-use asset	$	52	$	28	$	121	$	77
Interest on lease liability	18		6		48		18
Operating lease cost(1)	35		34		103		101
	$	105	$	68	$	272	$	196

(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:

Nine months ended	May 30, 2024		June 1, 2023
Cash flows used for operating activities
Finance leases	$	41	$	17
Operating leases	98		91
Cash flows used for financing activities – Finance leases	99		79
Noncash acquisitions of right-of-use assets
Finance leases	758		354
Operating leases	48		35

Supplemental balance sheet information related to leases was as follows:

As of	May 30, 2024			August 31, 2023
Finance lease right-of-use assets (included in property, plant, and equipment)	$	1,944		$	1,311
Current operating lease liabilities (included in accounts payable and accrued expenses)	68			66
Weighted-average remaining lease term (in years)
Finance leases	8			9
Operating leases	10			11
Weighted-average discount rate
Finance leases	4.78		%	3.86		%
Operating leases	3.37		%	3.21		%

As of May 30, 2024, maturities of lease liabilities by fiscal year were as follows:

For the year ending	Finance Leases		Operating Leases
Remainder of 2024	$	95	$	9
2025	368		86
2026	351		88
2027	341		86
2028	328		80
2029 and thereafter	778		468
Less imputed interest	(335)		(140)
	$	1,926	$	677

The table above excludes obligations for leases that have been executed but have not yet commenced. As of May 30, 2024, excluded obligations consisted of $704 million of finance lease obligations over a weighted-average period of 14 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:

	Quarter ended				Nine months ended
	May 30, 2024		June 1, 2023		May 30, 2024		June 1, 2023
Finance lease cost
Amortization of right-of-use asset	$	52	$	28	$	121	$	77
Interest on lease liability	18		6		48		18
Operating lease cost(1)	35		34		103		101
	$	105	$	68	$	272	$	196

(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:

Nine months ended	May 30, 2024		June 1, 2023
Cash flows used for operating activities
Finance leases	$	41	$	17
Operating leases	98		91
Cash flows used for financing activities – Finance leases	99		79
Noncash acquisitions of right-of-use assets
Finance leases	758		354
Operating leases	48		35

Supplemental balance sheet information related to leases was as follows:

As of	May 30, 2024			August 31, 2023
Finance lease right-of-use assets (included in property, plant, and equipment)	$	1,944		$	1,311
Current operating lease liabilities (included in accounts payable and accrued expenses)	68			66
Weighted-average remaining lease term (in years)
Finance leases	8			9
Operating leases	10			11
Weighted-average discount rate
Finance leases	4.78		%	3.86		%
Operating leases	3.37		%	3.21		%

As of May 30, 2024, maturities of lease liabilities by fiscal year were as follows:

For the year ending	Finance Leases		Operating Leases
Remainder of 2024	$	95	$	9
2025	368		86
2026	351		88
2027	341		86
2028	328		80
2029 and thereafter	778		468
Less imputed interest	(335)		(140)
	$	1,926	$	677

The table above excludes obligations for leases that have been executed but have not yet commenced. As of May 30, 2024, excluded obligations consisted of $704 million of finance lease obligations over a weighted-average period of 14 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.