Debt

3 Months Ended

Nov. 27, 2025

Debt Disclosure [Abstract]

Debt

Debt

	As of November 27, 2025										As of August 28, 2025
					Net Carrying Amount						Net Carrying Amount
	Stated Rate		Effective Rate		Current		Long-Term		Total		Current		Long-Term		Total
2029 A Notes	5.327	%	5.40	%	$	—	$	698	$	698	$	—	$	698	$	698
2030 Notes	4.663	%	4.73	%	—		794		794		—		794		794
2031 Notes	5.300	%	5.41	%	—		995		995		—		995		995
2032 Green Bonds	2.703	%	2.77	%	—		996		996		—		996		996
2032 Notes	5.650	%	5.79	%	—		496		496		—		496		496
2033 A Notes	5.875	%	5.96	%	—		746		746		—		746		746
2033 B Notes	5.875	%	6.01	%	—		892		892		—		892		892
2035 A Notes	5.800	%	5.90	%	—		993		993		—		992		992
2035 B Notes	6.050	%	6.14	%	—		1,241		1,241		—		1,241		1,241
2041 Notes	3.366	%	3.41	%	—		497		497		—		497		497
2051 Notes	3.477	%	3.52	%	—		496		496		—		496		496
2028 Notes	N/A		N/A		—		—		—		—		540		540
2029 Term Loan A	N/A		N/A		—		—		—		—		982		982
2029 B Notes	N/A		N/A		—		—		—		—		1,168		1,168
Finance lease obligations	N/A		4.86	%	569		2,343		2,912		560		2,484		3,044
					$	569	$	11,187	$	11,756	$	560	$	14,017	$	14,577

Debt Activity

The table below presents the effects of debt prepayment activity in the first three months of 2026:

	Transaction Date	Decrease in Principal		Decrease in Carrying Value		Decrease in Cash
Prepayments
2028 Notes	October 24, 2025	$	(542)	$	(541)	$	(562)
2029 B Notes	October 24, 2025	(1,159)		(1,168)		(1,276)
2029 Term Loan A	October 27, 2025	(984)		(982)		(984)
		$	(2,685)	$	(2,691)	$	(2,822)

In the first quarter of 2026, we recognized a $130 million loss in other non-operating income (expense) in connection with these prepayments.

Revolving Credit Facility

As of November 27, 2025, no amounts were outstanding under the Revolving Credit Facility and $3.50 billion was available to us. Under the Revolving Credit Facility, borrowing would generally bear interest at a rate equal to adjusted term SOFR plus 0.875% to 1.50%, depending on our corporate credit ratings. Any amounts outstanding under the Revolving Credit Facility would mature on March 12, 2030 and amounts borrowed may be prepaid without penalty. Any obligations under the Revolving Credit Facility would be unsecured.

The Revolving Credit Facility requires us to maintain, on a consolidated basis, a net leverage ratio of total net indebtedness to adjusted EBITDA, as defined in the Revolving Credit Facility agreement and calculated as of the last day of each fiscal quarter, not to exceed 3.25 to 1.00, subject to a temporary four fiscal quarter increase in such maximum ratio to 3.75 to 1.00 following certain material acquisitions.

Maturities of Notes Payable

As of November 27, 2025, maturities of notes payable by fiscal year were as follows:

Remainder of 2026	$	—
2027	—
2028	—
2029	700
2030	796
2031 and thereafter	7,400
Unamortized issuance costs and discounts	(52)
	$	8,844