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Leases (Tables) | 6 Months Ended
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Feb. 15, 2020
Leases [Abstract] |
Balance Sheet Information Related To Leases | Lease-related assets and liabilities recorded on the Condensed Consolidated Balance Sheet are as follows:
(in thousands) |  | Classification |  | February 15 , 2020 |
Assets: |  |  |  |  |  |
Operating |  | Operating lease right-of-use assets |  | $ | 2,579,217 |
Finance |  | Property and equipment |  |  | 294,449 |
Total lease assets |  |  |  | $ | 2,873,666 |
Liabilities: Current: |  |  |  |  |  |
Operating |  | Current portion of operating lease liabilities |  | $ | 234,506 |
Finance |  | Accrued expenses and other |  |  | 58,864 |
Noncurrent: |  |  |  |  |  |
Operating |  | Operating lease liabilities, less current portion |  |  | 2,494,840 |
Finance |  | Other long-term liabilities |  |  | 137,182 |
Total lease liabilities |  |  |  | $ | 2,925,392 |
Lease Cost |
(in thousands) |  | Statement of Income Location |  | Twelve Weeks Ended February 15, 2020 |  |  | Twenty-Four Weeks Ended February 15, 2020 |
Finance lease cost: |  |  |  |  |  |  |  |  |  |
Amortization of lease assets |  | Depreciation and amortization |  | $ | 12,872 |  |  | $ | 25,528 |
Interest on lease liabilities |  | Interest expense, net |  |  | 1,282 |  |  |  | 2,667 |
Operating lease cost (1) |  | Selling, general and administrative expenses |  |  | 80,396 |  |  |  | 162,195 |
Total lease cost |  | $ | 94,550 |  |  | $ | 190,390 |
( 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 February 15, 2020 having initial or remaining lease terms in excess of one year are as follows:
(in thousands) |  |  |  | Finance Leases |  |  |  |  |  | Operating Leases |  |  |  |  |  | Total |
2020 |  |  |  | $ | 30,419 |  |  |  |  |  |  | $ | 159,455 |  |  |  |  |  |  | $ | 189,874 |
2021 |  |  |  |  | 61,560 |  |  |  |  |  |  |  | 320,472 |  |  |  |  |  |  |  | 382,032 |
2022 |  |  |  |  | 48,694 |  |  |  |  |  |  |  | 310,948 |  |  |  |  |  |  |  | 359,642 |
2023 |  |  |  |  | 33,567 |  |  |  |  |  |  |  | 291,256 |  |  |  |  |  |  |  | 324,823 |
2024 |  |  |  |  | 11,328 |  |  |  |  |  |  |  | 267,176 |  |  |  |  |  |  |  | 278,504 |
Thereafter |  |  |  |  | 39,598 |  |  |  |  |  |  |  | 2,232,620 |  |  |  |  |  |  |  | 2,272,218 |
Total lease payments |  |  |  |  | 225,166 |  |  |  |  |  |  |  | 3,581,927 |  |  |  |  |  |  |  | 3,807,093 |
Less: Interest |  |  |  |  | (29,120 | ) |  |  |  |  |  |  | (852,581 | ) |  |  |  |  |  |  | (881,701 | )
Present value of lease liabilities |  |  |  | $ | 196,046 |  |  |  |  |  |  | $ | 2,729,346 |  |  |  |  |  |  | $ | 2,925,392 |
Information On Lease Term And Discount Rate | The following table summarizes the Company’s lease term and discount rate assumptions:
|  | February 15, 2020
Weighted-average remaining lease term in years, inclusive of renewal options that are reasonably certain to be exercised |  |  |
Finance leases – real estate |  |  | 30
Finance leases – vehicles |  |  | 3
Operating leases |  |  | 15
Weighted-average discount rate: |  |  |
Finance leases – real estate |  |  | 3.23%
Finance leases – vehicles |  |  | 2.72%
Operating leases |  |  | 3.55%
Other Information Related To Lease Liabilities | The following table summarizes the other information related to the Company’s lease liabilities:
(in thousands) |  | Twenty-Four Weeks Ended February 15, 2020
Cash paid for amounts included in the measurement of lease liabilities – operating cash flows from operating leases |  | $ | 98,021
Leased assets obtained in exchange for new finance lease liabilities |  |  | 45,582
Leased assets obtained in exchange for new operating lease liabilities |  |  | 174,038

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- Definition Schedule of Supplimental Balance sheet Information Related Leases. + References No definition available. + Details
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- 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
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- 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
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