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Income Taxes (Tables)

12 Months Ended

Aug. 28, 2016

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

Income before income taxes is comprised of the following:

	2016				2015				2014
Domestic (including Puerto Rico)	$	2,622			$	2,574			$	2,145
Foreign	997				1,030				1,052
Total	$	3,619			$	3,604			$	3,197

Schedule of Components of Income Tax Expense (Benefit)

The provisions for income taxes for 2016, 2015, and 2014 are as follows:

	2016				2015				2014
Federal:
Current	$	468			$	766			$	696
Deferred	233				(12		)		(105		)
Total federal	701				754				591
State:
Current	108				131				107
Deferred	21				1				(3		)
Total state	129				132				104
Foreign:
Current	398				399				369
Deferred	15				(90		)		45
Total foreign	413				309				414
Total provision for income taxes	$	1,243			$	1,195			$	1,109

Schedule of Effective Income Tax Rate Reconciliation

The reconciliation between the statutory tax rate and the effective rate for 2016, 2015, and 2014 is as follows:

	2016							2015							2014
Federal taxes at statutory rate	$	1,267			35.0	%		$	1,262			35.0	%		$	1,119			35.0	%
State taxes, net	91				2.5			85				2.3			66				2.1
Foreign taxes, net	(21		)		(0.6	)		(125		)		(3.5	)		(85		)		(2.7	)
Employee stock ownership plan (ESOP)	(17		)		(0.5	)		(66		)		(1.8	)		(11		)		(0.3	)
Other	(77		)		(2.1	)		39				1.2			20				0.6
Total	$	1,243			34.3	%		$	1,195			33.2	%		$	1,109			34.7	%

Schedule of Deferred Tax Assets and Liabilities

The components of the deferred tax assets (liabilities) are as follows:

	2016				2015
Equity compensation	$	99			$	90
Deferred income/membership fees	177				90
Accrued liabilities and reserves	601				641
Other(1)	63				107
Property and equipment	(779		)		(560		)
Merchandise inventories	(256		)		(200		)
Net deferred tax (liabilities)/assets	$	(95	)		$	168

_______________

(1) Includes foreign tax credits of $78 and $33 for 2016 and 2015, respectively, which will expire beginning in 2025.

Schedule Of Gross Unrecognized Tax Benefits Table

A reconciliation of the beginning and ending amount of gross unrecognized tax benefits for 2016 and 2015 is as follows:

	2016				2015
Gross unrecognized tax benefit at beginning of year	$	158			$	75
Gross increases—current year tax positions	2				26
Gross increases—tax positions in prior years	1				63
Gross decreases—tax positions in prior years	(47		)		(1		)
Settlements	(25		)		(3		)
Lapse of statute of limitations	(37		)		(2		)
Gross unrecognized tax benefit at end of year	$	52			$	158

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of the change in unrecognized tax benefits.

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