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v3.22.1

Leases | 6 Months Ended
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Mar. 03, 2022
Leases [Abstract] |
Leases | Leases The components of lease expense are presented below:
| Quarter ended |  | Six months ended
| March 3, 2022 | March 4, 2021 |  | March 3, 2022 | March 4, 2021
Finance lease cost |  |  |  |  |
Amortization of right-of-use asset | $ | 27 |  | $ | 17 |  |  | $ | 52 |  | $ | 33 |
Interest on lease liability | 6 |  | 5 |  |  | 12 |  | 10 |
Operating lease cost | 30 |  | 27 |  |  | 59 |  | 54 |
| $ | 63 |  | $ | 49 |  |  | $ | 123 |  | $ | 97 |
Supplemental cash flow information related to leases was as follows:
Six months ended | March 3, 2022 | March 4, 2021
Cash flows used for operating activities |  |
Finance leases | $ | 11 |  | $ | 11 |
Operating leases | 56 |  | 53 |
Cash flows used for financing activities from financing leases | 52 |  | 41 |
Noncash acquisitions of right-of-use assets |  |
Finance leases | 304 |  | 68 |
Operating leases | 68 |  | 21 |
Supplemental balance sheet information related to leases was as follows:
As of | March 3, 2022 | September 2, 2021
Finance lease right-of-use assets (included in property, plant, and equipment and assets held for sale) | $ | 968 | $ | 766
Current operating lease liabilities (included in accounts payable and accrued expenses) | 58 |  | 55 |
Weighted-average remaining lease term (in years) |  |  |  |  |  |  |  |
Finance leases | 12 |  | 11 |
Operating leases | 12 |  | 12 |
Weighted-average discount rate |  |  |  |  |  |  |  |
Finance leases | 2.65 | % |  | 3.14 | % |
Operating leases | 2.62 | % |  | 2.63 | % |
As of March 3, 2022, maturities of lease liabilities were as follows:
For the year ending | Finance Leases | Operating Leases
Remainder of 2022 | $ | 74 |  | $ | 34 |
2023 | 131 |  | 62 |
2024 | 106 |  | 68 |
2025 | 91 |  | 56 |
2026 | 91 |  | 53 |
2027 and thereafter | 649 |  | 440 |
Less imputed interest | (147) |  | (120) |
| $ | 995 |  | $ | 593 |
The table above excludes any lease liabilities for leases that have been executed but have not yet commenced. As of March 3, 2022, we had such lease liabilities relating to (1) operating lease payment obligations of $148 million for the initial 10-year lease term for a building, and (2) finance lease obligations of $218 million over a weighted-average period of 14 years for gas supply arrangements deemed to contain embedded leases. We will recognize right-of-use assets and associated lease liabilities at the time such assets become available for our use.
Leases | Leases The components of lease expense are presented below:
| Quarter ended |  | Six months ended
| March 3, 2022 | March 4, 2021 |  | March 3, 2022 | March 4, 2021
Finance lease cost |  |  |  |  |
Amortization of right-of-use asset | $ | 27 |  | $ | 17 |  |  | $ | 52 |  | $ | 33 |
Interest on lease liability | 6 |  | 5 |  |  | 12 |  | 10 |
Operating lease cost | 30 |  | 27 |  |  | 59 |  | 54 |
| $ | 63 |  | $ | 49 |  |  | $ | 123 |  | $ | 97 |
Supplemental cash flow information related to leases was as follows:
Six months ended | March 3, 2022 | March 4, 2021
Cash flows used for operating activities |  |
Finance leases | $ | 11 |  | $ | 11 |
Operating leases | 56 |  | 53 |
Cash flows used for financing activities from financing leases | 52 |  | 41 |
Noncash acquisitions of right-of-use assets |  |
Finance leases | 304 |  | 68 |
Operating leases | 68 |  | 21 |
Supplemental balance sheet information related to leases was as follows:
As of | March 3, 2022 | September 2, 2021
Finance lease right-of-use assets (included in property, plant, and equipment and assets held for sale) | $ | 968 | $ | 766
Current operating lease liabilities (included in accounts payable and accrued expenses) | 58 |  | 55 |
Weighted-average remaining lease term (in years) |  |  |  |  |  |  |  |
Finance leases | 12 |  | 11 |
Operating leases | 12 |  | 12 |
Weighted-average discount rate |  |  |  |  |  |  |  |
Finance leases | 2.65 | % |  | 3.14 | % |
Operating leases | 2.62 | % |  | 2.63 | % |
As of March 3, 2022, maturities of lease liabilities were as follows:
For the year ending | Finance Leases | Operating Leases
Remainder of 2022 | $ | 74 |  | $ | 34 |
2023 | 131 |  | 62 |
2024 | 106 |  | 68 |
2025 | 91 |  | 56 |
2026 | 91 |  | 53 |
2027 and thereafter | 649 |  | 440 |
Less imputed interest | (147) |  | (120) |
| $ | 995 |  | $ | 593 |
The table above excludes any lease liabilities for leases that have been executed but have not yet commenced. As of March 3, 2022, we had such lease liabilities relating to (1) operating lease payment obligations of $148 million for the initial 10-year lease term for a building, and (2) finance lease obligations of $218 million over a weighted-average period of 14 years for gas supply arrangements deemed to contain embedded leases. We will recognize right-of-use assets and associated lease liabilities at the time such assets become available for our use.

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