XML 58 R42.htm IDEA: XBRL DOCUMENT
v3.20.2

Leases (Tables) | 12 Months Ended
--- | ---
Aug. 29, 2020
Leases |
Balance Sheet Information Related to Leases | ​
​ | ​ | ​ | ​ | ​ | ​
(in thousands) |  | Classification |  | August 29, 2020
​ | ​ | ​ | ​ | ​ | ​
Assets: |  |  |  | ​ |
Operating |  | Operating lease right-of-use assets | ​ | $ | 2,581,677
Finance |  | Property and equipment | ​ |  | 327,006
Total lease assets |  |  | ​ | $ | 2,908,683
Liabilities: |  |  | ​ |  |
Current: | ​ | ​ | ​ | ​ | ​
Operating |  | Current portion of operating lease liabilities | ​ | $ | 223,680
Finance |  | Accrued expenses and other | ​ |  | 67,498
Noncurrent: |  |  | ​ |  |
Operating |  | Operating lease liabilities, less current portion | ​ |  | 2,501,726
Finance |  | Other long-term liabilities | ​ |  | 155,855
Total lease liabilities |  |  | ​ | $ | 2,948,759
Lease Cost | ​
​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | ​
​ | ​ | ​ | ​ | For year ended
(in thousands) | ​ | Statement of Income Location | ​ | August 29, 2020
​ | ​ | ​ | ​ | ​ | ​
Finance lease cost: |  |  |  | ​ |
Amortization of lease assets |  | Depreciation and amortization | ​ | $ | 55,920
Interest on lease liabilities |  | Interest expense, net | ​ |  | 4,355
Operating lease cost(1) |  | Selling, general and administrative expenses | ​ |  | 355,230
Total lease cost | ​ | ​ | ​ | $ | 415,505
​
| (1) | Includes short-term leases, variable lease costs and sublease income, which are immaterial.
Summary of the Future Maturities of the Company's Lease Liabilities | The future rental payments, inclusive of renewal options that have been included in defining the expected lease term, of our operating and finance lease obligations as of August 29, 2020 having initial or remaining lease terms in excess of one year are as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Finance |  | Operating |  | ​
(in thousands) | ​ | Leases | ​ | Leases | ​ | Total
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2021 | ​ | $ | 69,013 | ​ | $ | 302,890 | ​ | $ | 371,903
2022 | ​ |  | 57,188 | ​ |  | 324,860 | ​ |  | 382,048
2023 | ​ |  | 45,377 | ​ |  | 307,859 | ​ |  | 353,236
2024 | ​ |  | 24,590 | ​ |  | 284,296 | ​ |  | 308,886
2025 | ​ |  | 10,447 | ​ |  | 259,099 | ​ |  | 269,546
Thereafter | ​ |  | 44,765 | ​ |  | 2,055,365 | ​ |  | 2,100,130
Total lease payments | ​ | ​ | 251,380 | ​ | ​ | 3,534,369 | ​ |  | 3,785,749
Less: Interest | ​ |  | (28,027) | ​ |  | (808,963) | ​ |  | (836,990)
Present value of lease liabilities | ​ | $ | 223,353 | ​ | $ | 2,725,406 | ​ | $ | 2,948,759
Information on Lease Term and Discount Rate | ​
​ | ​ | ​ | ​
​ |  | August 29, 2020 |
Weighted-average remaining lease term in years, inclusive of renewal options that are reasonably certain to be exercised |  |  | ​
Finance leases – real estate |  | 27 | ​
Finance leases – vehicles |  | 3 | ​
Operating leases |  | 15 | ​
Weighted-average discount rate: |  |  | ​
Finance leases – real estate |  | 3.49 | %
Finance leases – vehicles |  | 2.29 | %
Operating leases |  | 3.46 | %

X
- Definition Schedule of lease term and discount rate + References No definition available. + Details
Name: | azo_ScheduleOfLeaseTermAndDiscountRateTableTextBlock
Namespace Prefix: | azo_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Supplemental Balance sheet Information Related Leases. + References No definition available. + Details
Name: | azo_ScheduleOfSupplementalBalanceSheetInformationRelatedLeasesTableTextBlock
Namespace Prefix: | azo_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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 Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration