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Quarterly Financial Data (Unaudited) (Tables) | 12 Months Ended
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Aug. 28, 2016
Quarterly Financial Information Disclosure [Abstract] |
Unaudited Quarterly Results of Operations | The two tables that follow reflect the unaudited quarterly results of operations for 2016 and 2015.
| 52 Weeks Ended August 28, 2016
| First Quarter (12 Weeks) |  | Second Quarter (12 Weeks) |  | Third Quarter (12 Weeks) |  | Fourth Quarter (16 Weeks) |  | Total (52 Weeks)
REVENUE |  |  |  |  |  |  |  |  |
Net sales | $ | 26,627 |  |  | $ | 27,567 |  |  | $ | 26,151 |  |  | $ | 35,728 |  |  | $ | 116,073 |
Membership fees | 593 |  |  | 603 |  |  | 618 |  |  | 832 |  |  | 2,646 |
Total revenue | 27,220 |  |  | 28,170 |  |  | 26,769 |  |  | 36,560 |  |  | 118,719 |
OPERATING EXPENSES |  |  |  |  |  |  |  |  |
Merchandise costs | 23,621 |  |  | 24,469 |  |  | 23,162 |  |  | 31,649 |  |  | 102,901 |
Selling, general and administrative | 2,806 |  |  | 2,835 |  |  | 2,731 |  |  | 3,696 |  |  | 12,068 |
Preopening expenses | 26 |  |  | 10 |  |  | 18 |  |  | 24 |  |  | 78 |
Operating income | 767 |  |  | 856 |  |  | 858 |  |  | 1,191 |  |  | 3,672 |
OTHER INCOME (EXPENSE) |  |  |  |  |  |  |  |  |
Interest expense | (33 | ) |  | (31 | ) |  | (30 | ) |  | (39 | ) |  | (133 | )
Interest income and other, net | 28 |  |  | 16 |  |  | 7 |  |  | 29 |  |  | 80 |
INCOME BEFORE INCOME TAXES | 762 |  |  | 841 |  |  | 835 |  |  | 1,181 |  |  | 3,619 |
Provision for income taxes | 275 |  |  | 286 |  |  | 286 |  |  | 396 |  |  | 1,243 |
Net income including noncontrolling interests | 487 |  |  | 555 |  |  | 549 |  |  | 785 |  |  | 2,376 |
Net income attributable to noncontrolling interests | (7 | ) |  | (9 | ) |  | (4 | ) |  | (6 | ) |  | (26 | )
NET INCOME ATTRIBUTABLE TO COSTCO | $ | 480 |  |  | $ | 546 |  |  | $ | 545 |  |  | $ | 779 |  |  | $ | 2,350 |
NET INCOME PER COMMON SHARE ATTRIBUTABLE TO COSTCO: |  |  |  |  |  |  |  |  |
Basic | $ | 1.10 |  |  | $ | 1.24 |  |  | $ | 1.24 |  |  | $ | 1.78 |  |  | $ | 5.36 |
Diluted | $ | 1.09 |  |  | $ | 1.24 |  |  | $ | 1.24 |  |  | $ | 1.77 |  |  | $ | 5.33 |
Shares used in calculation (000’s) |  |  |  |  |  |  |  |  |
Basic | 438,342 |  |  | 439,648 |  |  | 438,815 |  |  | 437,809 |  |  | 438,585 |
Diluted | 441,386 |  |  | 441,559 |  |  | 441,066 |  |  | 440,868 |  |  | 441,263 |
CASH DIVIDENDS DECLARED PER COMMON SHARE | $ | 0.40 |  |  | $ | 0.40 |  |  | $ | 0.45 |  |  | $ | 0.45 |  |  | $ | 1.70 |
| 52 Weeks Ended August 30, 2015
| First Quarter (12 Weeks) |  | Second Quarter (12 Weeks) |  | Third Quarter (12 Weeks) |  | Fourth Quarter (16 Weeks) |  | Total (52 Weeks)
REVENUE |  |  |  |  |  |  |  |  |
Net sales | $ | 26,284 |  |  | $ | 26,872 |  |  | $ | 25,517 |  |  | $ | 34,993 |  |  | $ | 113,666 |
Membership fees | 582 |  |  | 582 |  |  | 584 |  |  | 785 |  |  | 2,533 |
Total revenue | 26,866 |  |  | 27,454 |  |  | 26,101 |  |  | 35,778 |  |  | 116,199 |
OPERATING EXPENSES |  |  |  |  |  |  |  |  |
Merchandise costs | 23,385 |  |  | 23,897 |  |  | 22,687 |  |  | 31,096 |  |  | 101,065 |
Selling, general and administrative | 2,696 |  |  | 2,671 |  |  | 2,579 |  |  | 3,499 |  |  | 11,445 |
Preopening expenses | 15 |  |  | 9 |  |  | 14 |  |  | 27 |  |  | 65 |
Operating income | 770 |  |  | 877 |  |  | 821 |  |  | 1,156 |  |  | 3,624 |
OTHER INCOME (EXPENSE) |  |  |  |  |  |  |  |  |
Interest expense | (26 | ) |  | (27 | ) |  | (31 | ) |  | (40 | ) |  | (124 | )
Interest income and other, net | 35 |  |  | 20 |  |  | 9 |  |  | 40 |  |  | 104 |
INCOME BEFORE INCOME TAXES | 779 |  |  | 870 |  |  | 799 |  |  | 1,156 |  |  | 3,604 |
Provision for income taxes | 274 |  |  | 263 |  | (1) | 280 |  |  | 378 |  |  | 1,195 |
Net income including noncontrolling interests | 505 |  |  | 607 |  |  | 519 |  |  | 778 |  |  | 2,409 |
Net income attributable to noncontrolling interests | (9 | ) |  | (9 | ) |  | (3 | ) |  | (11 | ) |  | (32 | )
NET INCOME ATTRIBUTABLE TO COSTCO | $ | 496 |  |  | $ | 598 |  |  | $ | 516 |  |  | $ | 767 |  |  | $ | 2,377 |
NET INCOME PER COMMON SHARE ATTRIBUTABLE TO COSTCO: |  |  |  |  |  |  |  |  |
Basic | $ | 1.13 |  |  | $ | 1.36 |  |  | $ | 1.17 |  |  | $ | 1.75 |  |  | $ | 5.41 |
Diluted | $ | 1.12 |  |  | $ | 1.35 |  |  | $ | 1.17 |  |  | $ | 1.73 |  |  | $ | 5.37 |
Shares used in calculation (000’s) |  |  |  |  |  |  |  |  |
Basic | 438,760 |  |  | 440,384 |  |  | 440,070 |  |  | 438,835 |  |  | 439,455 |
Diluted | 442,210 |  |  | 442,896 |  |  | 443,132 |  |  | 442,404 |  |  | 442,716 |
CASH DIVIDENDS DECLARED PER COMMON SHARE | $ | 0.355 |  |  | $ | 5.355 |  | (2) | $ | 0.40 |  |  | $ | 0.40 |  |  | $ | 6.51 |
_______________
(1) | Includes a $57 tax benefit recorded in the second quarter in connection with the special cash dividend paid to employees through the Company's 401(k) Retirement Plan.
(2) | Includes the special cash dividend of $5.00 per share paid in February 2015.

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