Debt

3 Months Ended

Nov. 28, 2024

Debt Disclosure [Abstract]

Debt

Debt

	As of November 28, 2024										As of August 29, 2024
					Net Carrying Amount						Net Carrying Amount
	Stated Rate		Effective Rate		Current		Long-Term		Total		Current		Long-Term		Total
2026 Term Loan A	6.160	%	6.29	%	$	49	$	859	$	908	$	49	$	872	$	921
2027 Term Loan A	6.285	%	6.42	%	57		992		1,049		57		1,006		1,063
2026 Notes	4.975	%	5.07	%	—		499		499		—		499		499
2027 Notes(1)	4.185	%	4.27	%	—		827		827		—		838		838
2028 Notes	5.375	%	5.52	%	—		597		597		—		597		597
2029 A Notes	5.327	%	5.40	%	—		698		698		—		698		698
2029 B Notes	6.750	%	6.54	%	—		1,261		1,261		—		1,261		1,261
2030 Notes	4.663	%	4.73	%	—		847		847		—		847		847
2031 Notes	5.300	%	5.41	%	—		994		994		—		994		994
2032 Green Bonds	2.703	%	2.77	%	—		996		996		—		996		996
2033 A Notes	5.875	%	5.96	%	—		746		746		—		745		745
2033 B Notes	5.875	%	6.01	%	—		891		891		—		891		891
2041 Notes	3.366	%	3.41	%	—		497		497		—		497		497
2051 Notes	3.477	%	3.52	%	—		496		496		—		496		496
Finance lease obligations	N/A		5.06	%	427		2,052		2,479		325		1,729		2,054
					$	533	$	13,252	$	13,785	$	431	$	12,966	$	13,397

(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.

Revolving Credit Facility

As of November 28, 2024, no amounts were outstanding under the Revolving Credit Facility and $2.50 billion was available to us. Under the Revolving Credit Facility, borrowings would generally bear interest at a rate equal to adjusted term SOFR plus 1.00% to 1.75%, depending on our corporate credit ratings. Adjusted term SOFR for the Revolving Credit Facility agreement is the SOFR benchmark plus a credit spread adjustment ranging from approximately 0.11% to 0.43% depending on the applicable interest period selected. Any amounts outstanding under the Revolving Credit Facility would mature in May 2026 and amounts borrowed may be prepaid without penalty.

Maturities of Notes Payable and Term Loans

As of November 28, 2024, maturities of notes payable and term loans by fiscal year were as follows:

Remainder of 2025	$	80
2026	607
2027	1,780
2028	1,493
2029	700
2030 and thereafter	6,750
Unamortized issuance costs, discounts, and premium, net	(33)
Hedge accounting fair value adjustment	(71)
	$	11,306