XML 31 R14.htm IDEA: XBRL DOCUMENT
v3.23.1

Leases | 6 Months Ended
--- | ---
Mar. 02, 2023
Leases [Abstract] |
Leases, Finance | Leases The components of lease cost are presented below:
| Quarter ended |  | Six months ended
| March 2, 2023 | March 3, 2022 |  | March 2, 2023 | March 3, 2022
Finance lease cost |  |  |  |  |
Amortization of right-of-use assets | $ | 25 |  | $ | 27 |  |  | $ | 49 |  | $ | 52 |
Interest on lease liabilities | 6 |  | 6 |  |  | 12 |  | 12 |
Operating lease cost(1) | 31 |  | 30 |  |  | 67 |  | 59 |
| $ | 62 |  | $ | 63 |  |  | $ | 128 |  | $ | 123 |
(1)Operating lease cost includes short-term and variable lease expenses, which were not material for the periods presented. Supplemental cash flow information related to leases was as follows:
Six months ended | March 2, 2023 | March 3, 2022
Cash flows used for operating activities |  |
Finance leases | $ | 11 |  | $ | 11 |
Operating leases | 60 |  | 56 |
Cash flows used for financing activities – Finance leases | 53 |  | 52 |
Noncash acquisitions of right-of-use assets |  |
Finance leases | 225 |  | 304 |
Operating leases | 35 |  | 68 |
Supplemental balance sheet information related to leases was as follows:
As of | March 2, 2023 | September 1, 2022
Finance lease right-of-use assets (included in property, plant, and equipment) | $ | 1,084 |  | $ | 904 |
Current operating lease liabilities (included in accounts payable and accrued expenses) | 60 |  | 60 |
Weighted-average remaining lease term (in years) |  |
Finance leases | 10 | 12
Operating leases | 11 | 12
Weighted-average discount rate |  |
Finance leases | 2.40 | % | 2.65 | %
Operating leases | 3.06 | % | 2.90 | %
As of March 2, 2023, maturities of lease liabilities by fiscal year were as follows:
For the year ending | Finance Leases | Operating Leases
Remainder of 2023 | $ | 78 |  | $ | 13 |
2024 | 152 |  | 73 |
2025 | 138 |  | 73 |
2026 | 129 |  | 72 |
2027 | 126 |  | 72 |
2028 and thereafter | 619 |  | 524 |
Less imputed interest | (171) |  | (156) |
| $ | 1,071 |  | $ | 671 |
The table above excludes obligations for leases that have been executed but have not yet commenced. As of March 2, 2023, excluded obligations consisted of $195 million of estimated finance lease payments over a weighted-average period of 11 years for gas supply arrangements deemed to contain embedded leases and equipment leases. We will recognize right-of-use assets and associated lease liabilities at the time such assets become available for our use.
Leases, Operating | Leases The components of lease cost are presented below:
| Quarter ended |  | Six months ended
| March 2, 2023 | March 3, 2022 |  | March 2, 2023 | March 3, 2022
Finance lease cost |  |  |  |  |
Amortization of right-of-use assets | $ | 25 |  | $ | 27 |  |  | $ | 49 |  | $ | 52 |
Interest on lease liabilities | 6 |  | 6 |  |  | 12 |  | 12 |
Operating lease cost(1) | 31 |  | 30 |  |  | 67 |  | 59 |
| $ | 62 |  | $ | 63 |  |  | $ | 128 |  | $ | 123 |
(1)Operating lease cost includes short-term and variable lease expenses, which were not material for the periods presented. Supplemental cash flow information related to leases was as follows:
Six months ended | March 2, 2023 | March 3, 2022
Cash flows used for operating activities |  |
Finance leases | $ | 11 |  | $ | 11 |
Operating leases | 60 |  | 56 |
Cash flows used for financing activities – Finance leases | 53 |  | 52 |
Noncash acquisitions of right-of-use assets |  |
Finance leases | 225 |  | 304 |
Operating leases | 35 |  | 68 |
Supplemental balance sheet information related to leases was as follows:
As of | March 2, 2023 | September 1, 2022
Finance lease right-of-use assets (included in property, plant, and equipment) | $ | 1,084 |  | $ | 904 |
Current operating lease liabilities (included in accounts payable and accrued expenses) | 60 |  | 60 |
Weighted-average remaining lease term (in years) |  |
Finance leases | 10 | 12
Operating leases | 11 | 12
Weighted-average discount rate |  |
Finance leases | 2.40 | % | 2.65 | %
Operating leases | 3.06 | % | 2.90 | %
As of March 2, 2023, maturities of lease liabilities by fiscal year were as follows:
For the year ending | Finance Leases | Operating Leases
Remainder of 2023 | $ | 78 |  | $ | 13 |
2024 | 152 |  | 73 |
2025 | 138 |  | 73 |
2026 | 129 |  | 72 |
2027 | 126 |  | 72 |
2028 and thereafter | 619 |  | 524 |
Less imputed interest | (171) |  | (156) |
| $ | 1,071 |  | $ | 671 |
The table above excludes obligations for leases that have been executed but have not yet commenced. As of March 2, 2023, excluded obligations consisted of $195 million of estimated finance lease payments over a weighted-average period of 11 years for gas supply arrangements deemed to contain embedded leases and equipment leases. 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 https://asc.fasb.org/subtopic&trid=77888251 + Details
Name: | us-gaap_LesseeFinanceLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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 https://asc.fasb.org/subtopic&trid=77888251 + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration