XML 40 R28.htm IDEA: XBRL DOCUMENT v3.21.2

Income Taxes (Tables)

12 Months Ended

Aug. 29, 2021

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

Income before income taxes is comprised of the following:

			2021						2020						2019
Domestic			$	4,931					$	4,204					$	3,591
Foreign			1,749						1,163						1,174
Total			$	6,680					$	5,367					$	4,765

Schedule of Components of Income Tax Expense (Benefit)

The provisions for income taxes are as follows:

			2021						2020						2019
Federal:
Current			$	718					$	616					$	328
Deferred			84						77						222
Total federal			802						693						550
State:
Current			265						230						178
Deferred			11						8						26
Total state			276						238						204
Foreign:
Current			557						372						405
Deferred			(34)						5						(98)
Total foreign			523						377						307
Total provision for income taxes			$	1,601					$	1,308					$	1,061

Schedule of Effective Income Tax Rate Reconciliation

The reconciliation between the statutory tax rate and the effective rate for 2021, 2020, and 2019 is as follows:

			2021												2020												2019
Federal taxes at statutory rate			$	1,403					21.0		%				$	1,127					21.0		%				$	1,001					21.0		%
State taxes, net			243						3.6						190						3.6						171						3.6
Foreign taxes, net			92						1.4						92						1.7						(1)						—
Employee stock ownership plan (ESOP)			(91)						(1.3)						(24)						(0.5)						(18)						(0.4)
2017 Tax Act			—						—						—						—						(123)						(2.6)
Other			(46)						(0.7)						(77)						(1.4)						31						0.7
Total			$	1,601					24.0		%				$	1,308					24.4		%				$	1,061					22.3		%

Schedule of Deferred Tax Assets and Liabilities

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

			2021						2020
Deferred tax assets:
Equity compensation			$	72					$	80
Deferred income/membership fees			161						144
Foreign tax credit carry forward			146						101
Operating lease liabilities			769						832
Accrued liabilities and reserves			681						639
Other			62						—
Total deferred tax assets			1,891						1,796
Valuation allowance			(214)						(105)
Total net deferred tax assets			1,677						1,691
Deferred tax liabilities:
Property and equipment			(935)						(800)
Merchandise inventories			(216)						(228)
Operating lease right-of-use assets			(744)						(801)
Foreign branch deferreds			(92)						(81)
Other			—						(40)
Total deferred tax liabilities			(1,987)						(1,950)
Net deferred tax liabilities			$	(310)					$	(259)

Schedule Of Gross Unrecognized Tax Benefits Table

A reconciliation of the beginning and ending amount of gross unrecognized tax benefits for 2021 and 2020 is as follows:

			2021						2020
Gross unrecognized tax benefit at beginning of year			$	30					$	27
Gross increases—current year tax positions			2						1
Gross increases—tax positions in prior years			2						8
Gross decreases—tax positions in prior years			—						(3)
Lapse of statute of limitations			(1)						(3)
Gross unrecognized tax benefit at end of year			$	33					$	30

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(1)(Note 1))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Name:	us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the change in unrecognized tax benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 55
-Paragraph 217
-URI http://asc.fasb.org/extlink&oid=124434304&loc=d3e36027-109320

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15A
-URI http://asc.fasb.org/extlink&oid=121826272&loc=SL6600010-109319

+ Details

Name:	us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration