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Income Taxes (Tables) | 12 Months Ended
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Sep. 01, 2024
Income Tax Disclosure [Abstract] |
Schedule of Income before Income Tax, Domestic and Foreign | Income before income taxes is comprised of the following:
| 2024 |  | 2023 |  | 2022
Domestic | $ | 7,255 |  |  | $ | 6,264 |  |  | $ | 5,759 |
Foreign | 2,485 |  |  | 2,223 |  |  | 2,081 |
Total | $ | 9,740 |  |  | $ | 8,487 |  |  | $ | 7,840 |
Schedule of Components of Income Tax Expense (Benefit) | The provisions for income taxes are as follows:
| 2024 |  | 2023 |  | 2022
Federal: |  |  |  |  |
Current | $ | 1,245 |  |  | $ | 1,056 |  |  | $ | 798 |
Deferred | 48 |  |  | 33 |  |  | (35) |
Total federal | 1,293 |  |  | 1,089 |  |  | 763 |
State: |  |  |  |  |
Current | 431 |  |  | 374 |  |  | 333 |
Deferred | (77) |  |  | 10 |  |  | (5) |
Total state | 354 |  |  | 384 |  |  | 328 |
Foreign: |  |  |  |  |
Current | 798 |  |  | 732 |  |  | 851 |
Deferred | (72) |  |  | (10) |  |  | (17) |
Total foreign | 726 |  |  | 722 |  |  | 834 |
Total provision for income taxes | $ | 2,373 |  |  | $ | 2,195 |  |  | $ | 1,925 |
Schedule of Effective Income Tax Rate Reconciliation | The reconciliation between the statutory tax rate and the effective rate for 2024, 2023, and 2022 is as follows:
| 2024 |  | 2023 |  | 2022
Federal taxes at statutory rate | $ | 2,045 |  |  | 21.0 | % |  | $ | 1,782 |  |  | 21.0 | % |  | $ | 1,646 |  |  | 21.0 | %
State taxes, net | 288 |  |  | 3.0 |  |  | 302 |  |  | 3.6 |  |  | 267 |  |  | 3.4 |
Foreign taxes, net | 109 |  |  | 1.1 |  |  | 160 |  |  | 1.9 |  |  | 231 |  |  | 3.0 |
Employee stock ownership plan (ESOP) | (120) |  |  | (1.2) |  |  | (25) |  |  | (0.3) |  |  | (23) |  |  | (0.3) |
Other | 51 |  |  | 0.5 |  |  | (24) |  |  | (0.3) |  |  | (196) |  |  | (2.5) |
Total | $ | 2,373 |  |  | 24.4 | % |  | $ | 2,195 |  |  | 25.9 | % |  | $ | 1,925 |  |  | 24.6 | %
Schedule of Deferred Tax Assets and Liabilities | The components of the deferred tax assets (liabilities) are as follows:
| 2024 |  | 2023
Deferred tax assets: |  |  |
Equity compensation | $ | 96 |  |  | $ | 89 |
Deferred income/membership fees | 313 |  |  | 309 |
Foreign tax credit carry forward | 315 |  |  | 250 |
Operating lease liabilities | 678 |  |  | 678 |
Accrued liabilities and reserves | 873 |  |  | 761 |
Other | — |  |  | 20 |
Total deferred tax assets | 2,275 |  |  | 2,107 |
Valuation allowance | (494) |  |  | (422) |
Total net deferred tax assets | 1,781 |  |  | 1,685 |
Deferred tax liabilities: |  |  |
Property and equipment | (948) |  |  | (867) |
Merchandise inventories | (296) |  |  | (380) |
Operating lease right-of-use assets | (652) |  |  | (655) |
Foreign branch deferreds | (105) |  |  | (87) |
Other | (1) |  |  | — |
Total deferred tax liabilities | (2,002) |  |  | (1,989) |
Net deferred tax liabilities | $ | (221) |  |  | $ | (304) |
Schedule Of Gross Unrecognized Tax Benefits Table | A reconciliation of the beginning and ending amount of gross unrecognized tax benefits for 2024 and 2023 is as follows:
| 2024 |  | 2023
Gross unrecognized tax benefit at beginning of year | $ | 16 |  |  | $ | 16 |
Gross increases—current year tax positions | 3 |  |  | 1 |
Gross increases—tax positions in prior years | 64 |  |  | 11 |
Gross decreases—tax positions in prior years | — |  |  | (11) |
Lapse of statute of limitations | (2) |  |  | (1) |
Gross unrecognized tax benefit at end of year | $ | 81 |  |  | $ | 16 |

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