Leases

12 Months Ended

Sep. 01, 2024

Leases [Abstract]

Lessee, Operating Leases

Note 5—Leases

The tables below present information regarding the Company's lease assets and liabilities.

	2024		2023
Assets
Operating lease right-of-use assets	$	2,617	$	2,713
Finance lease assets(1)	1,433		1,325
Total lease assets	$	4,050	$	4,038
Liabilities
Current
Operating lease liabilities(2)	$	179	$	220
Finance lease liabilities(2)	147		129
Long-term
Operating lease liabilities	2,375		2,426
Finance lease liabilities(3)	1,351		1,303
Total lease liabilities	$	4,052	$	4,078

 _______________

(1)Included in other long-term assets in the consolidated balance sheets.

(2)Included in other current liabilities in the consolidated balance sheets.

(3)Included in other long-term liabilities in the consolidated balance sheets.

	2024		2023
Weighted-average remaining lease term (years)
Operating leases	19		20
Finance leases	23		24
Weighted-average discount rate
Operating leases	2.67	%	2.47	%
Finance leases	4.59	%	4.47	%

The components of lease expense, excluding short-term lease costs and sublease income (which were immaterial), were as follows:

	2024		2023		2022
Operating lease costs(1)	$	284	$	309	$	297
Finance lease costs:
Amortization of lease assets(1)	97		169		128
Interest on lease liabilities(2)	58		54		45
Variable lease costs(1)	163		160		157
Total lease costs	$	602	$	692	$	627

 _______________

(1)Included in selling, general and administrative expenses and merchandise costs in the consolidated statements of income.

(2)Included in interest expense and merchandise costs in the consolidated statements of income.

Supplemental cash flow information related to leases was as follows:

	2024		2023		2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows — operating leases	$	274	$	287	$	277
Operating cash flows — finance leases	58		54		45
Financing cash flows — finance leases	136		291		176
Operating lease assets obtained in exchange for new or modified leases	125		202		231
Finance lease assets obtained in exchange for new or modified leases	200		100		794

As of September 1, 2024, future minimum payments during the next five fiscal years and thereafter are as follows:

	Operating Leases(1)		Finance Leases
2025	$	242	$	204
2026	247		128
2027	226		120
2028	209		122
2029	183		109
Thereafter	2,205		1,664
Total(2)	3,312		2,347
Less amount representing interest	758		849
Present value of lease liabilities	$	2,554	$	1,498

 _______________

(1)Operating lease payments have not been reduced by expected future sublease income of $98.

(2)Excludes $1,080 of lease payments for leases that have been signed but not commenced.