XML 30 R16.htm IDEA: XBRL DOCUMENT
v3.20.4

Leases | 3 Months Ended
--- | ---
Dec. 03, 2020
Leases [Abstract] |
Leases | Leases Short-term and variable lease expenses were not significant and are presented within operating lease costs in the table below. Sublease income was not significant in the first quarters of 2021 or 2020. The components of lease expense are presented below:
Three months ended | December 3, 2020 | November 28, 2019
Finance lease cost |  |
Amortization of right-of-use assets | $ | 16 |  | $ | 40 |
Interest on lease liabilities | 5 |  | 6 |
Operating lease cost | 27 |  | 24 |
| $ | 48 |  | $ | 70 |
Other information related to our leases was as follows:
Three months ended | December 3, 2020 | November 28, 2019
Cash flows used for operating activities |  |
Finance leases | $ | 6 |  | $ | 6 |
Operating leases | 27 |  | 17 |
Cash flows used for financing activities from financing leases | 21 |  | 64 |
Noncash acquisitions of right-of-use assets |  |
Finance leases | 61 |  | — |
Operating leases | 7 |  | 13 |
As of | December 3, 2020 | September 3, 2020
Finance lease right-of-use assets (included in property, plant, and equipment) | $ | 471 |  | $ | 426 |
Weighted-average remaining lease term (in years) |  |  |  |  |  |
Finance leases | 5 |  |  | 5 |  |
Operating leases | 7 |  |  | 7 |  |
Weighted-average discount rate |  |  |  |  |  |
Finance leases | 4.13 | % | 4.51 | %
Operating leases | 2.66 | % | 2.67 | %
Maturities of lease liabilities existing as of December 3, 2020 were as follows:
For the year ending | Finance Leases | Operating Leases
Remainder of 2021 | $ | 71 |  | $ | 53 |
2022 | 97 |  | 71 |
2023 | 85 |  | 67 |
2024 | 59 |  | 59 |
2025 | 44 |  | 48 |
2026 and thereafter | 282 |  | 402 |
Less imputed interest | (107) |  | (116) |
| $ | 531 |  | $ | 584 |
The table above excludes any lease liabilities for leases that have been executed but have not yet commenced. As of December 3, 2020, we had such lease liabilities relating to 1) operating lease payment obligations of $152 million for the initial 10-year lease term for a building, which may, at our election, be terminated after 3 years or extended for an additional 10 years, and 2) finance lease obligations of $812 million over a weighted-average period of 15 years for leases embedded in gas supply arrangements. We will recognize right-of-use assets and associated lease liabilities at the time such assets become available for our use.
Leases | Leases Short-term and variable lease expenses were not significant and are presented within operating lease costs in the table below. Sublease income was not significant in the first quarters of 2021 or 2020. The components of lease expense are presented below:
Three months ended | December 3, 2020 | November 28, 2019
Finance lease cost |  |
Amortization of right-of-use assets | $ | 16 |  | $ | 40 |
Interest on lease liabilities | 5 |  | 6 |
Operating lease cost | 27 |  | 24 |
| $ | 48 |  | $ | 70 |
Other information related to our leases was as follows:
Three months ended | December 3, 2020 | November 28, 2019
Cash flows used for operating activities |  |
Finance leases | $ | 6 |  | $ | 6 |
Operating leases | 27 |  | 17 |
Cash flows used for financing activities from financing leases | 21 |  | 64 |
Noncash acquisitions of right-of-use assets |  |
Finance leases | 61 |  | — |
Operating leases | 7 |  | 13 |
As of | December 3, 2020 | September 3, 2020
Finance lease right-of-use assets (included in property, plant, and equipment) | $ | 471 |  | $ | 426 |
Weighted-average remaining lease term (in years) |  |  |  |  |  |
Finance leases | 5 |  |  | 5 |  |
Operating leases | 7 |  |  | 7 |  |
Weighted-average discount rate |  |  |  |  |  |
Finance leases | 4.13 | % | 4.51 | %
Operating leases | 2.66 | % | 2.67 | %
Maturities of lease liabilities existing as of December 3, 2020 were as follows:
For the year ending | Finance Leases | Operating Leases
Remainder of 2021 | $ | 71 |  | $ | 53 |
2022 | 97 |  | 71 |
2023 | 85 |  | 67 |
2024 | 59 |  | 59 |
2025 | 44 |  | 48 |
2026 and thereafter | 282 |  | 402 |
Less imputed interest | (107) |  | (116) |
| $ | 531 |  | $ | 584 |
The table above excludes any lease liabilities for leases that have been executed but have not yet commenced. As of December 3, 2020, we had such lease liabilities relating to 1) operating lease payment obligations of $152 million for the initial 10-year lease term for a building, which may, at our election, be terminated after 3 years or extended for an additional 10 years, and 2) finance lease obligations of $812 million over a weighted-average period of 15 years for leases embedded in gas supply arrangements. We will recognize right-of-use assets and associated lease liabilities at the time such assets become available for our use.

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

X
- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
Name: | us-gaap_LesseeFinanceLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration