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Debt (Tables)
12 Months Ended
Aug. 29, 2024
Debt Disclosure [Abstract]  
Schedule of Debt
As of August 29, 2024As of August 31, 2023
Net Carrying AmountNet Carrying Amount
Stated RateEffective RatePrincipalCurrentLong-TermTotalPrincipalCurrentLong-TermTotal
2026 Term Loan A6.819 %6.95 %$922 $49 $872 $921 $971 $49 $921 $970 
2027 Term Loan A6.944 %7.08 %1,065 57 1,006 1,063 1,123 57 1,063 1,120 
2026 Notes
4.975 %5.07 %500 — 499 499 500 — 499 499 
2027 Notes(1)
4.185 %4.27 %900 — 838 838 900 — 798 798 
2028 Notes5.375 %5.52 %600 — 597 597 600 — 596 596 
2029 A Notes5.327 %5.40 %700 — 698 698 700 — 697 697 
2029 B Notes6.750 %6.54 %1,250 — 1,261 1,261 1,250 — 1,263 1,263 
2030 Notes
4.663 %4.73 %850 — 847 847 850 — 846 846 
2031 Notes
5.300 %5.41 %1,000 — 994 994 — — — — 
2032 Green Bonds2.703 %2.77 %1,000 — 996 996 1,000 — 995 995 
2033 A Notes5.875 %5.96 %750 — 745 745 750 — 745 745 
2033 B Notes5.875 %6.01 %900 — 891 891 900 — 890 890 
2041 Notes3.366 %3.41 %500 — 497 497 500 — 497 497 
2051 Notes3.477 %3.52 %500 — 496 496 500 — 496 496 
2024 Term Loan AN/AN/A— — — — 588 — 587 587 
2025 Term Loan AN/AN/A— — — — 1,052 — 1,050 1,050 
Finance lease obligations
N/A4.91 %2,054 325 1,729 2,054 1,281 172 1,109 1,281 
 
$13,491 $431 $12,966 $13,397 $13,465 $278 $13,052 $13,330 
(1) In 2021, we entered into fixed-to-floating interest rate swaps on the 2027 Notes with an aggregate $900 million notional amount equal to the principal amount of the 2027 Notes. The resulting variable interest paid is at a rate equal to SOFR plus approximately 3.33%. The fixed-to-floating interest rate swaps are accounted for as fair value hedges, and as a result, the carrying values of our 2027 Notes reflect adjustments in fair value.
Schedule of Debt Activity
The table below presents the effects of debt financing and prepayment activities in 2024:
Transaction DateIncrease (Decrease) in PrincipalIncrease (Decrease) in Carrying ValueIncrease (Decrease) in Cash
Issuances
2031 NotesJanuary 12, 2024$1,000 $993 $993 
Prepayments
2024 Term Loan AJanuary 12, 2024(588)(587)(588)
2025 Term Loan AJanuary 12, 2024(402)(401)(402)
2025 Term Loan A
May 29, 2024
(650)(649)(650)
$(640)$(644)$(647)
Schedule of Maturities of Notes Payable
As of August 29, 2024, maturities of notes payable by fiscal year were as follows:
2025$107 
2026607 
20271,780 
20281,493 
2029700 
2030 and thereafter6,750 
Unamortized issuance costs, discounts, and premium, net(34)
Hedge accounting fair value adjustment(60)
$11,343