XML 66 R50.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Debt (Tables) | 12 Months Ended
--- | ---
Aug. 30, 2018
Debt Disclosure [Abstract] |
Schedule of Debt |
As of |  | 2018 |  | 2017
|  |  |  |  |  |  |  | Net Carrying Amount |  |  |  | Net Carrying Amount
Instrument |  | Stated Rate |  | Effective Rate |  | Principal |  | Current |  | Long-Term |  | Total(1) |  | Principal |  | Current |  | Long-Term |  | Total(1)
IMFT Member Debt |  | N/A |  |  | N/A |  |  | $ | 1,009 |  |  | $ | — |  |  | $ | 1,009 |  |  | $ | 1,009 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Capital lease obligations |  | N/A |  |  | 3.86 | % |  | 845 |  |  | 310 |  |  | 535 |  |  | 845 |  |  | 1,190 |  |  | 357 |  |  | 833 |  |  | 1,190 |
MMJ Creditor Payments |  | N/A |  |  | 9.76 | % |  | 520 |  |  | 309 |  |  | 183 |  |  | 492 |  |  | 695 |  |  | $ | 157 |  |  | 474 |  |  | 631 |
2022 Term Loan B |  | 3.83 | % |  | 4.24 | % |  | 735 |  |  | 5 |  |  | 720 |  |  | 725 |  |  | 743 |  |  | 5 |  |  | 725 |  |  | 730 |
2025 Notes |  | 5.50 | % |  | 5.56 | % |  | 519 |  |  | — |  |  | 515 |  |  | 515 |  |  | 519 |  |  | — |  |  | 515 |  |  | 515 |
2032D Notes(2) |  | 3.13 | % |  | 6.33 | % |  | 143 |  |  | — |  |  | 132 |  |  | 132 |  |  | 177 |  |  | — |  |  | 159 |  |  | 159 |
2033F Notes(2)(3) |  | 2.13 | % |  | 4.93 | % |  | 107 |  |  | 235 |  |  | — |  |  | 235 |  |  | 297 |  |  | 278 |  |  | — |  |  | 278 |
2043G Notes(2)(4) |  | 3.00 | % |  | 6.76 | % |  | 1,019 |  |  | — |  |  | 682 |  |  | 682 |  |  | 1,025 |  |  | — |  |  | 671 |  |  | 671 |
2021 MSAC Term Loan |  | 4.42 | % |  | 4.65 | % |  | — |  |  | — |  |  | — |  |  | — |  |  | 800 |  |  | 99 |  |  | 697 |  |  | 796 |
2021 MSTW Term Loan |  | 2.85 | % |  | 3.01 | % |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,652 |  |  | — |  |  | 2,640 |  |  | 2,640 |
2023 Notes |  | 5.25 | % |  | 5.43 | % |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,000 |  |  | — |  |  | 991 |  |  | 991 |
2023 Secured Notes |  | 7.50 | % |  | 7.69 | % |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,250 |  |  | — |  |  | 1,238 |  |  | 1,238 |
2024 Notes |  | 5.25 | % |  | 5.38 | % |  | — |  |  | — |  |  | — |  |  | — |  |  | 550 |  |  | — |  |  | 546 |  |  | 546 |
2026 Notes |  | 5.63 | % |  | 5.73 | % |  | — |  |  | — |  |  | — |  |  | — |  |  | 129 |  |  | — |  |  | 128 |  |  | 128 |
2032C Notes |  | 2.38 | % |  | 5.95 | % |  | — |  |  | — |  |  | — |  |  | — |  |  | 223 |  |  | — |  |  | 211 |  |  | 211 |
2033E Notes |  | 1.63 | % |  | 1.63 | % |  | — |  |  | — |  |  | — |  |  | — |  |  | 173 |  |  | 202 |  |  | — |  |  | 202 |
Other notes |  | 2.50 | % |  | 2.50 | % |  | 1 |  |  | — |  |  | 1 |  |  | 1 |  |  | 216 |  |  | 164 |  |  | 44 |  |  | 208 |
|  |  |  |  |  | $ | 4,898 |  |  | $ | 859 |  |  | $ | 3,777 |  |  | $ | 4,636 |  |  | $ | 11,639 |  |  | $ | 1,262 |  |  | $ | 9,872 |  |  | $ | 11,134 |
(1) | Net carrying amount is the principal amount less unamortized debt discount and issuance costs. In addition, the net carrying amount as of August 30, 2018 and August 31, 2017 included $132 million and $31 million, respectively, of derivative debt liabilities recognized as a result of our election to settle entirely in cash converted notes with an aggregate principal amount of $35 million and $16 million, respectively.
(2) | 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 June 30, 2018, these notes are convertible by the holders through the calendar quarter ended September 30, 2018. Additionally, the closing price of our common stock also exceeded the thresholds for the calendar quarter ended September 30, 2018; therefore, these notes are convertible by the holders at any time through December 31, 2018.
(3) | Current debt as of August 30, 2018 included an aggregate of $165 million for the settlement obligation (including principal and amounts in excess of principal) for conversions of our 2033F Notes that will settle in cash in the first quarter of 2019. The remainder of the 2033F Notes were classified as current as of August 30, 2018 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.
(4) | The 2043G Notes outstanding as of August 30, 2018 have an original principal amount of $815 million that accretes up to $911 million through the expected term in November 2028 and $1.02 billion at maturity in 2043.
Schedule of MMJ Creditor Payments | The following table presents the remaining amounts of MMJ Creditor Payments (stated in Japanese yen and U.S. dollars) and the amount of unamortized discount as of August 30, 2018:
2019 |  | ¥ | 36,392 |  |  | $ | 326 |
2020 |  | 21,720 |  |  | 194 |
|  | 58,112 |  |  | 520 |
Less unamortized discount |  | (3,186 | ) |  | (28 | )
|  | ¥ | 54,926 |  |  | $ | 492 |
Schedule of Convertible Senior Notes |
|  | Holder Put Date(1) |  | Maturity Date |  | Conversion Price Per Share |  | Conversion Price Per Share Threshold(2) |  | Underlying Shares of Common Stock |  | Conversion Value in Excess of Principal(3) |  | Principal Settlement Option(4)
2032D Notes |  | May 2021 |  | May 2032 |  | $ | 9.98 |  |  | $ | 12.97 |  |  | 14 |  |  | $ | 615 |  |  | Cash and/or shares
2033F Notes(5) |  | Feb 2020 |  | Feb 2033 |  | 10.93 |  |  | 14.21 |  |  | 10 |  |  | 408 |  |  | Cash
2043G Notes |  | Nov 2028 |  | Nov 2043 |  | 29.16 |  |  | 37.91 |  |  | 35 |  |  | 824 |  |  | Cash and/or shares
|  |  |  |  |  |  |  |  |  | 59 |  |  | $ | 1,847 |  |  |
(1) | Debt discount and debt issuance costs are amortized through the earliest holder put date.
(2) | Represents 130% of the conversion price per share. If the trading price of our common stock exceeds such threshold for a specified period, holders may convert such notes during a specified period. See "Conversion Rights" below.
(3) | Based on the trading price of our common stock of $52.76 as of August 30, 2018.
(4) | It is our current intent to settle in cash the principal amount of our convertible notes upon conversion. As a result, only the amounts payable in excess of the principal amounts upon conversion of our convertible notes are considered in diluted earnings per share under the treasury stock method. For each of our convertible notes, we may elect to settle any amounts in excess of the principal in cash, shares of our common stock, or a combination thereof.
(5) | Holders may put their notes to us on February 15, 2023.
Redemption Features of Convertible Debt |
|  | Conditional Redemption Period at Our Option(1) |  | Unconditional Redemption Period at Our Option |  | Redemption Period Requiring Make-Whole
2032D Notes |  | On or after May 1, 2017 |  | On or after May 4, 2021 |  | Prior to May 4, 2021(2)
2033F Notes |  | N/A |  | On or after Feb 20, 2020 |  | N/A
2043G Notes |  | Prior to Nov 20, 2018 |  | On or after Nov 20, 2018 |  | Prior to Nov 20, 2018(3)
(1) | We may redeem for cash on or after the applicable dates if the volume weighted average price of our common stock has been at least 130% of the conversion price for at least 20 trading days during any 30 consecutive trading day period.
(2) | If we redeem prior to the applicable date, we will pay a make-whole premium in cash equal to the present value of the remaining scheduled interest payments from the redemption date to May 4, 2021.
(3) | If we redeem prior to the applicable date, we will be required to pay a make-whole premium only if, as a result of our redemption notice, holders convert their notes. The make-whole premium will be based on the price of our common stock and the conversion date, as set forth in the indenture, and is payable at our election in cash and/or shares.
Debt Prepayments, Repurchases, and Conversions | The following table presents the effects of prepayments, repurchases, and conversions of debt in 2018:
|  | Decrease in Principal |  | Increase (Decrease) in Carrying Value |  | Decrease in Cash |  | Decrease in Equity |  | Gain (Loss)
Prepayments and repurchases |  |  |  |  |  |  |  |  |  |
2021 MSAC Term Loan |  | $ | (730 | ) |  | $ | (727 | ) |  | $ | (730 | ) |  | $ | — |  |  | $ | (3 | )
2021 MSTW Term Loan |  | (2,625 | ) |  | (2,616 | ) |  | (2,625 | ) |  | — |  |  | (10 | )
2023 Notes |  | (1,000 | ) |  | (991 | ) |  | (1,046 | ) |  | — |  |  | (55 | )
2023 Secured Notes |  | (1,250 | ) |  | (1,238 | ) |  | (1,373 | ) |  | — |  |  | (135 | )
2024 Notes |  | (550 | ) |  | (546 | ) |  | (572 | ) |  | — |  |  | (25 | )
2026 Notes |  | (129 | ) |  | (129 | ) |  | (139 | ) |  | — |  |  | (11 | )
2033F Notes |  | (66 | ) |  | (63 | ) |  | (316 | ) |  | (252 | ) |  | (1 | )
Other Notes |  | (46 | ) |  | (44 | ) |  | (46 | ) |  | — |  |  | (2 | )
Settled conversions |  |  |  |  |  |  |  |  |  |
2032C Notes |  | (223 | ) |  | (216 | ) |  | (1,230 | ) |  | (965 | ) |  | (50 | )
2032D Notes |  | (34 | ) |  | (31 | ) |  | (182 | ) |  | (145 | ) |  | (6 | )
2033E Notes(1) |  | (173 | ) |  | (203 | ) |  | (552 | ) |  | (297 | ) |  | (52 | )
2033F Notes |  | (124 | ) |  | (118 | ) |  | (596 | ) |  | (462 | ) |  | (16 | )
2043G Notes |  | (6 | ) |  | (4 | ) |  | (13 | ) |  | (5 | ) |  | (4 | )
Conversions not settled |  |  |  |  |  |  |  |  |  |
2033F Notes(2) |  | — |  |  | 132 |  |  | — |  |  | (117 | ) |  | (15 | )
|  | $ | (6,956 | ) |  | $ | (6,794 | ) |  | $ | (9,420 | ) |  | $ | (2,243 | ) |  | $ | (385 | )
(1) | Settlement included issuance of 4 million shares of our treasury stock in addition to payment of cash.
(2) | As of August 30, 2018, an aggregate of $35 million principal amount of our 2033F Notes (with a carrying value of $165 million) had converted but not settled. These notes settled in the first quarter of 2019 for $153 million in cash.
Maturities of Notes Payable and Future Minimum Lease Payments | As of August 30, 2018, maturities of notes payable (including the MMJ Creditor Payments) and future minimum lease payments under capital lease obligations were as follows:
|  | Notes Payable |  | Capital Lease Obligations
2019 |  | $ | 501 |  |  | $ | 339 |
2020 |  | 274 |  |  | 231 |
2021 |  | 151 |  |  | 100 |
2022 |  | 713 |  |  | 66 |
2023 |  | — |  |  | 42 |
2024 and thereafter |  | 2,439 |  |  | 187 |
Unamortized discounts and interest, respectively |  | (287 | ) |  | (120 | )
|  | $ | 3,791 |  |  | $ | 845 |

X
- Definition Tabular disclosure of borrowings which can be exchanged for a specified number of another security at the option of the issuer or the holder. Disclosures include, but are not limited to, principal amount, amortized premium or discount, and amount of liability and equity components. + References No definition available. + Details
Name: | us-gaap_ConvertibleDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of debt instruments or arrangements with redemption features. Includes, but is not limited to, description of debt redemption features, percentage price at which debt can be redeemed by the issuer, and period start and end for debt maturity or redemption. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentRedemptionTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28541-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28551-108399 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of troubled debt restructurings in the periods following the restructuring, including: (1) a description of the portion of the recorded [restructured] debt which is contingently payable based on the occurrence of future events or circumstances; (2) the dollar amount of the portion of the recorded [restructured] debt which is contingently payable based on the occurrence of future events or circumstances; and (3) a description of the circumstance, events, or conditions that would cause payments to occur or the creditor to forgive the contingent portion of recorded debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 60 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6402221&loc=d3e15765-112638 + Details
Name: | us-gaap_ScheduleOfDebtorTroubledDebtRestructuringSubsequentPeriodsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of debt extinguished which may include, amount of gain (loss), the income tax effect and the per share amount of the aggregate gain (loss), net of the related income tax. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=7516071&loc=d3e13374-112631 + Details
Name: | us-gaap_ScheduleOfExtinguishmentOfDebtTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration