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Derivative Instruments (Tables)
3 Months Ended
Nov. 28, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
Notional or Contractual Amount
Fair Value(1) of
Assets(2)
Liabilities(3)
As of November 28, 2024
Derivative instruments with hedge accounting designation
Cash flow currency hedges
$3,676 $$(120)
Cash flow commodity hedges492 (18)
Fair value currency hedges
2,260 (8)
Fair value interest rate hedges900 — (72)
Derivative instruments without hedge accounting designation
Non-designated currency hedges
2,921 (25)
$23 $(243)
As of August 29, 2024
Derivative instruments with hedge accounting designation
Cash flow currency hedges
$3,724 $57 $(71)
Cash flow commodity hedges471 20 (7)
Fair value currency hedges2,511 — (41)
Fair value interest rate hedges900 — (60)
Derivative instruments without hedge accounting designation
Non-designated currency hedges
2,393 18 (3)
$95 $(182)
(1)Forward and swap contracts are measured at fair value based on market-based observable inputs including market spot and forward rates, interest rates, and credit-risk spreads (Level 2).
(2)Included in receivables and other noncurrent assets.
(3)Included in accounts payable and accrued expenses and other noncurrent liabilities.
Schedule of Gains and Losses on Derivatives
Three months endedNovember 28, 2024November 30, 2023
Gain (loss) from cash flow hedges in accumulated other comprehensive income (loss)$(133)$
Gain (loss) excluded from effectiveness testing in cost of goods sold(29)(36)
Gain (loss) reclassified from accumulated other comprehensive income (loss) to earnings, primarily to cost of goods sold(40)(44)