Leases

3 Months Ended

Nov. 28, 2024

Leases [Abstract]

[Finance] Leases

Leases

The components of lease cost are presented below:

Three months ended	November 28, 2024		November 30, 2023
Finance lease cost
Amortization of right-of-use asset	$	62	$	32
Interest on lease liability	24		6
Operating lease cost(1)	38		33
	$	124	$	71

(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 28, 2024		November 30, 2023
Cash flows used for operating activities
Finance leases	$	20	$	6
Operating leases	36		33
Cash flows used for financing activities – Finance leases	58		27
Noncash acquisitions of right-of-use assets
Finance leases	505		217
Operating leases	—		—

Supplemental balance sheet information related to leases was as follows:

As of	November 28, 2024			August 29, 2024
Finance lease right-of-use assets (included in property, plant, and equipment)	$	2,481		$	2,038
Current operating lease liabilities (included in accounts payable and accrued expenses)	70			71
Weighted-average remaining lease term (in years)
Finance leases	7			8
Operating leases	10			10
Weighted-average discount rate
Finance leases	5.06		%	4.91		%
Operating leases	3.49		%	3.42		%

As of November 28, 2024, maturities of lease liabilities by fiscal year were as follows:

	Finance Leases		Operating Leases
Remainder of 2025	$	393	$	69
2026	505		84
2027	490		86
2028	472		81
2029	383		76
2030 and thereafter	601		394
Less imputed interest	(365)		(132)
	$	2,479	$	658

The table above excludes obligations for leases that have been executed but have not yet commenced. As of November 28, 2024, excluded obligations consisted of $901 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:

Three months ended	November 28, 2024		November 30, 2023
Finance lease cost
Amortization of right-of-use asset	$	62	$	32
Interest on lease liability	24		6
Operating lease cost(1)	38		33
	$	124	$	71

(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 28, 2024		November 30, 2023
Cash flows used for operating activities
Finance leases	$	20	$	6
Operating leases	36		33
Cash flows used for financing activities – Finance leases	58		27
Noncash acquisitions of right-of-use assets
Finance leases	505		217
Operating leases	—		—

Supplemental balance sheet information related to leases was as follows:

As of	November 28, 2024			August 29, 2024
Finance lease right-of-use assets (included in property, plant, and equipment)	$	2,481		$	2,038
Current operating lease liabilities (included in accounts payable and accrued expenses)	70			71
Weighted-average remaining lease term (in years)
Finance leases	7			8
Operating leases	10			10
Weighted-average discount rate
Finance leases	5.06		%	4.91		%
Operating leases	3.49		%	3.42		%

As of November 28, 2024, maturities of lease liabilities by fiscal year were as follows:

	Finance Leases		Operating Leases
Remainder of 2025	$	393	$	69
2026	505		84
2027	490		86
2028	472		81
2029	383		76
2030 and thereafter	601		394
Less imputed interest	(365)		(132)
	$	2,479	$	658

The table above excludes obligations for leases that have been executed but have not yet commenced. As of November 28, 2024, excluded obligations consisted of $901 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.