XML 78 R62.htm IDEA: XBRL DOCUMENT v3.21.2
Debt - Schedule of Long-term Debt (Details) - USD ($)
$ / shares in Units, shares in Millions
3 Months Ended 9 Months Ended
May 28, 2021
May 14, 2021
Sep. 02, 2021
Jun. 03, 2021
Jun. 03, 2021
May 28, 2020
Sep. 03, 2020
Long-term Debt, by Current and Noncurrent [Abstract]              
Finance Lease Effective Rate (in ten thousandths)       3.62% 3.62%   4.51%
Current Finance Lease Obligations       $ 144,000,000 $ 144,000,000   $ 76,000,000
Long-Term Finance Lease Obligations       454,000,000 454,000,000   410,000,000
Total Finance Lease Obligations       598,000,000 598,000,000   486,000,000
Long-term Debt and Lease Obligation [Abstract]              
Current debt (including finance lease obligation)       297,000,000 297,000,000   270,000,000
Long-term debt (including finance lease obligation)       6,418,000,000 6,418,000,000   6,373,000,000
Total Net Carrying Amount of Debt (including finance lease obligation)       $ 6,715,000,000 6,715,000,000   6,643,000,000
2024 Term Loans              
Proceeds from issuance of debt         $ 1,188,000,000 $ 5,000,000,000  
2032D Convertible Senior Notes              
Share Price (in dollars per share)       $ 82.03 $ 82.03    
Interest Rate Swap | Fair value hedges | Designated hedging instruments              
2032D Convertible Senior Notes              
Notional or Contractual Amount       $ 900,000,000 $ 900,000,000    
Convertible notes settlement obligation              
2032D Convertible Senior Notes              
Derivative, Term of Contract       20 days      
SOFR | Interest Rate Swap              
Long-term Debt and Lease Obligation [Abstract]              
Spread on 2027 variable interest rate swap       3.33% 3.33%    
Corporate Bonds | 2023 Notes              
Long-term Debt, by Current and Noncurrent [Abstract]              
Stated Rate (exact percentage)       2.497% 2.497%    
Effective Rate (in ten thousandths)       2.64% 2.64%    
Current Portion of Long-term Debt       $ 0 $ 0   0
Noncurrent Long-Term Debt       1,247,000,000 1,247,000,000   1,245,000,000
Total Long-term Debt       $ 1,247,000,000 $ 1,247,000,000   1,245,000,000
Corporate Bonds | 2024 Notes              
Long-term Debt, by Current and Noncurrent [Abstract]              
Stated Rate (exact percentage)       4.64% 4.64%    
Effective Rate (in ten thousandths)       4.76% 4.76%    
Current Portion of Long-term Debt       $ 0 $ 0   0
Noncurrent Long-Term Debt       598,000,000 598,000,000   598,000,000
Total Long-term Debt       $ 598,000,000 $ 598,000,000   598,000,000
Corporate Bonds | 2026 Notes              
Long-term Debt, by Current and Noncurrent [Abstract]              
Stated Rate (exact percentage)       4.975% 4.975%    
Effective Rate (in ten thousandths)       5.07% 5.07%    
Current Portion of Long-term Debt       $ 0 $ 0   0
Noncurrent Long-Term Debt       498,000,000 498,000,000   498,000,000
Total Long-term Debt       $ 498,000,000 $ 498,000,000   498,000,000
Corporate Bonds | 2027 Notes              
Long-term Debt, by Current and Noncurrent [Abstract]              
Stated Rate (exact percentage) [1]       4.185% 4.185%    
Effective Rate (in ten thousandths) [1]       4.27% 4.27%    
Current Portion of Long-term Debt       $ 0 [1] $ 0 [1]   0
Noncurrent Long-Term Debt       894,000,000 [1] 894,000,000 [1]   895,000,000
Total Long-term Debt       $ 894,000,000 [1] $ 894,000,000 [1]   895,000,000
Corporate Bonds | 2029 Notes              
Long-term Debt, by Current and Noncurrent [Abstract]              
Stated Rate (exact percentage)       5.327% 5.327%    
Effective Rate (in ten thousandths)       5.40% 5.40%    
Current Portion of Long-term Debt       $ 0 $ 0   0
Noncurrent Long-Term Debt       696,000,000 696,000,000   696,000,000
Total Long-term Debt       $ 696,000,000 $ 696,000,000   696,000,000
Corporate Bonds | 2030 Notes              
Long-term Debt, by Current and Noncurrent [Abstract]              
Stated Rate (exact percentage)       4.663% 4.663%    
Effective Rate (in ten thousandths)       4.73% 4.73%    
Current Portion of Long-term Debt       $ 0 $ 0   0
Noncurrent Long-Term Debt       845,000,000 845,000,000   845,000,000
Total Long-term Debt       $ 845,000,000 $ 845,000,000   845,000,000
Credit Facility | 2024 Term Loan A              
Long-term Debt, by Current and Noncurrent [Abstract]              
Stated Rate (exact percentage)       0.975% 0.975%    
Effective Rate (in ten thousandths)       1.01% 1.01%    
Current Portion of Long-term Debt       $ 0 $ 0   0
Noncurrent Long-Term Debt       1,186,000,000 1,186,000,000   0
Total Long-term Debt       1,186,000,000 1,186,000,000   0
2024 Term Loans              
Proceeds from issuance of debt   $ 1,190,000,000          
Credit Facility | 2024 Term Loan A | LIBOR | Maximum              
Revolving Credit Facility              
Margin on variable rate financing (in hundredths)   1.375%          
Credit Facility | 2024 Term Loan A | LIBOR | Minimum              
Revolving Credit Facility              
Margin on variable rate financing (in hundredths)   0.625%          
Credit Facility | Extinguished 2024 Term Loan A              
Long-term Debt, by Current and Noncurrent [Abstract]              
Current Portion of Long-term Debt       0 0   62,000,000
Noncurrent Long-Term Debt       0 0   1,186,000,000
Total Long-term Debt       0 0   1,248,000,000
2024 Term Loans              
Repayments of long-term debt   $ 1,190,000,000          
Credit Facility | 2026 Revolving Credit Facility              
Long-term Debt, by Current and Noncurrent [Abstract]              
Total Long-term Debt       0 0    
Revolving Credit Facility              
Initial term of Revolving Credit Facility   5 years          
Maximum Borrowing Capacity under the Revolving Credit Facility   $ 2,500,000,000          
Available Borrowing Capacity under the Revolving Credit Facility       $ 2,500,000,000 $ 2,500,000,000    
Credit Facility | 2026 Revolving Credit Facility | Maximum              
Revolving Credit Facility              
Debt Covenant, Ratio Of Total Indebtedness To Adjusted EBITDA   325.00%          
Credit Facility | 2026 Revolving Credit Facility | LIBOR | Maximum              
Revolving Credit Facility              
Margin on variable rate financing (in hundredths)   1.75%          
Credit Facility | 2026 Revolving Credit Facility | LIBOR | Minimum              
Revolving Credit Facility              
Margin on variable rate financing (in hundredths)   1.00%          
Convertible Debt | 2032D Notes              
Long-term Debt, by Current and Noncurrent [Abstract]              
Stated Rate (exact percentage)       3.125% 3.125%    
Effective Rate (in ten thousandths)       6.33% 6.33%    
Current Portion of Long-term Debt       $ 152,000,000 $ 152,000,000   131,000,000
Noncurrent Long-Term Debt       0 0   0
Total Long-term Debt       152,000,000 $ 152,000,000   131,000,000
2032D Convertible Senior Notes              
Convertible Debt, Principal Amount Converted By Holder       $ 75,000,000      
Debt Instrument, Redemption, Principal Amount Redeemed $ 59,000,000            
Conversion price per share       $ 9.98 $ 9.98    
Conversion value of convertible notes       $ 1,070,000,000.00 $ 1,070,000,000.00    
Aggregate principal amount       130,000,000 130,000,000    
Conversion Value in Excess of Principal         938,000,000    
Convertible Debt | 2032D Notes | Cash Settlement Election              
2032D Convertible Senior Notes              
Convertible Debt, Principal Amount Converted By Holder       7,000,000      
Convertible Debt | 2032D Notes | Cash Settlement Election | Unsettled Debt Conversion              
2032D Convertible Senior Notes              
Convertible Debt, Principal Amount Converted By Holder       3,000,000      
Increase (Decrease) in Carrying Value       22,000,000      
Convertible Debt | 2032D Notes | Cash and Shares Settlement Election              
2032D Convertible Senior Notes              
Convertible Debt, Principal Amount Converted By Holder       68,000,000      
Convertible Debt | 2032D Notes | Cash and Shares Settlement Election | Subsequent Event              
2032D Convertible Senior Notes              
Stock Issued During Period, Shares, Conversion of Convertible Securities     5.9        
MMJ Creditor Payments              
Long-term Debt, by Current and Noncurrent [Abstract]              
Current Portion of Long-term Debt       1,000,000 1,000,000   1,000,000
Noncurrent Long-Term Debt       0 0   0
Total Long-term Debt       $ 1,000,000 $ 1,000,000   $ 1,000,000
[1] On April 21, 2021, we entered into fixed-to-floating interest rate swaps on the 2027 Notes with an aggregate $900 million notional amount equal to the principal amount of the 2027 Notes. The resulting variable interest paid is at a rate equal to SOFR plus approximately 3.33%.