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Debt | 3 Months Ended
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Dec. 01, 2016
Debt Disclosure [Abstract] |
Debt | Debt
|  |  |  |  |  | December 1, 2016 |  | September 1, 2016
Instrument |  | Stated Rate(1) |  | Effective Rate(1) |  | Current |  | Long-Term |  | Total |  | Current |  | Long-Term |  | Total
MMJ creditor installment payments |  | N/A |  |  | 6.52 | % |  | $ | 156 |  |  | $ | 588 |  |  | $ | 744 |  |  | $ | 189 |  |  | $ | 680 |  |  | $ | 869 |
Capital lease obligations(2) |  | N/A |  |  | N/A |  |  | 338 |  |  | 925 |  |  | 1,263 |  |  | 380 |  |  | 1,026 |  |  | 1,406 |
1.258% notes |  | 1.258 | % |  | 1.97 | % |  | 87 |  |  | 132 |  |  | 219 |  |  | 87 |  |  | 131 |  |  | 218 |
2022 senior notes |  | 5.875 | % |  | 6.14 | % |  | — |  |  | 591 |  |  | 591 |  |  | — |  |  | 590 |  |  | 590 |
2022 senior secured term loan B |  | 4.360 | % |  | 4.77 | % |  | 5 |  |  | 729 |  |  | 734 |  |  | 5 |  |  | 730 |  |  | 735 |
2023 senior notes |  | 5.250 | % |  | 5.43 | % |  | — |  |  | 990 |  |  | 990 |  |  | — |  |  | 990 |  |  | 990 |
2023 senior secured notes |  | 7.500 | % |  | 7.69 | % |  | — |  |  | 1,237 |  |  | 1,237 |  |  | — |  |  | 1,237 |  |  | 1,237 |
2024 senior notes |  | 5.250 | % |  | 5.38 | % |  | — |  |  | 546 |  |  | 546 |  |  | — |  |  | 546 |  |  | 546 |
2025 senior notes |  | 5.500 | % |  | 5.56 | % |  | — |  |  | 1,139 |  |  | 1,139 |  |  | — |  |  | 1,139 |  |  | 1,139 |
2026 senior notes |  | 5.625 | % |  | 5.73 | % |  | — |  |  | 446 |  |  | 446 |  |  | — |  |  | 446 |  |  | 446 |
2032C convertible senior notes(3) |  | 2.375 | % |  | 5.95 | % |  | — |  |  | 206 |  |  | 206 |  |  | — |  |  | 204 |  |  | 204 |
2032D convertible senior notes(3) |  | 3.125 | % |  | 6.33 | % |  | — |  |  | 155 |  |  | 155 |  |  | — |  |  | 154 |  |  | 154 |
2033E convertible senior notes(3) |  | 1.625 | % |  | 4.50 | % |  | 170 |  |  | — |  |  | 170 |  |  | — |  |  | 168 |  |  | 168 |
2033F convertible senior notes(3) |  | 2.125 | % |  | 4.93 | % |  | 273 |  |  | — |  |  | 273 |  |  | — |  |  | 271 |  |  | 271 |
2043G convertible senior notes |  | 3.000 | % |  | 6.76 | % |  | — |  |  | 661 |  |  | 661 |  |  | — |  |  | 657 |  |  | 657 |
Other notes payable |  | 2.513 | % |  | 2.65 | % |  | 126 |  |  | 145 |  |  | 271 |  |  | 95 |  |  | 185 |  |  | 280 |
|  |  |  |  |  | $ | 1,155 |  |  | $ | 8,490 |  |  | $ | 9,645 |  |  | $ | 756 |  |  | $ | 9,154 |  |  | $ | 9,910 |
(1) As of December 1, 2016.
(2) | Weighted-average imputed rate of 3.4% and 3.3% as of December 1, 2016 and September 1, 2016, respectively.
(3) | Since the closing price of our common stock exceeded 130% of the conversion price per share for at least 20 trading days in the 30 trading day period ended on September 30, 2016, these notes were convertible by the holders during the calendar quarter ended December 31, 2016. The closing price of our common stock also exceeded the thresholds for the calendar quarter ended December 31, 2016; therefore, these notes are convertible by the holders through March 31, 2017. The 2033 Notes were classified as current as of December 1, 2016 because the terms of these notes require us to pay cash for the principal amount of any converted notes and holders of these notes had the right to convert their notes as of that date.
Capital Lease Obligations In the first quarter of 2016, we recorded capital lease obligations aggregating $51 million at a weighted-average effective interest rate of 6.5% and a weighted-average expected term of 12 years. Convertible Senior Notes As of December 1, 2016, the trading price of our common stock was higher than the initial conversion prices of our 2032 Notes and our 2033 Notes. As a result, the conversion values for these notes exceeded the principal amounts by $683 million as of December 1, 2016. 2022 Senior Secured Term Loan B Repricing Amendment On October 27, 2016, we amended our 2022 Term Loan B, substantially all of which was treated as a debt modification, to reduce the margins added to the base rate from 5.00% to 2.75% and to the adjusted LIBOR rate from 6.00% to 3.75%. Other Facilities On November 18, 2016, we entered into a five-year variable-rate facility agreement to obtain up to $800 million of financing, collateralized by certain production equipment, which may be utilized in multiple draws until June 10, 2017. Interest is payable quarterly at a rate equal to three-month LIBOR plus 2.4% per annum. Principal is payable in 16 equal quarterly installments beginning in March 2018. The facility agreement contains covenants which are customary for financings of this type, including negative covenants that limit or restrict our ability to create liens or dispose of the equipment securing the facility agreement. The facility also contains a covenant that the ratio of the outstanding loan to the fair value of the equipment collateralizing the loan not exceed 0.8. If such ratio is exceeded, we are required to grant a security interest in additional equipment and/or prepay the loan in an amount sufficient to reduce such ratio to 0.8 or less. The facility agreement also contains customary events of default which could result in the acceleration of all amounts to be immediately due and payable and cancellation of all commitments under the facility agreement. On December 2, 2016, subsequent to the end of our first quarter of 2017, we drew $450 million under this facility.

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- Definition The entire disclosure for debt and capital lease obligations can be reported. Information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Also includes descriptions and amounts of capital leasing arrangements that consist of direct financing, sales type and leveraged leases. Disclosure may include the effect on the balance sheet and the income statement resulting from a change in lease classification for leases that at inception would have been classified differently had guidance been in effect at the inception of the original lease. + References No definition available. + Details
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