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Segment Reporting | 12 Months Ended
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Aug. 28, 2021
Segment Reporting |
Segment Reporting | Note P – Segment Reporting The Company’s operating segments (Domestic Auto Parts, Mexico and Brazil) are aggregated as one reportable segment: Auto Parts Stores. The criteria the Company used to identify the reportable segment are primarily the nature of the products the Company sells and the operating results that are regularly reviewed by the Company’s chief operating decision maker to make decisions about the resources to be allocated to the business units and to assess performance. The accounting policies of the Company’s reportable segment are the same as those described in “Note A – Significant Accounting Policies.” The Auto Parts Stores segment is a retailer and distributor of automotive parts and accessories through the Company’s 6,767 stores in the U.S., Mexico and Brazil. Each store carries an extensive product line for cars, sport utility vehicles, vans and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories and non-automotive products. The Other category reflects business activities of two operating segments that are not separately reportable due to the materiality of these operating segments. The operating segments include ALLDATA, which produces, sells and maintains diagnostic and repair information software used in the automotive repair industry and E-commerce, which includes direct sales to customers through www.autozone.com for sales that are not fulfilled by local stores. The Company evaluates its reportable segment primarily on the basis of net sales and segment profit, which is defined as gross profit. The following table shows segment results for the following fiscal years: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended
​ |  | August 28, |  | August 29, |  | August 31,
(in thousands) | ​ | 2021 | ​ | 2020 | ​ | 2019
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net Sales |  | ​ |  |  | ​ |  |  | ​ |
Auto Parts Stores | ​ | $ | 14,381,712 | ​ | $ | 12,405,929 | ​ | $ | 11,645,235
Other | ​ |  | 247,873 | ​ |  | 226,038 | ​ |  | 218,508
Total | ​ | $ | 14,629,585 | ​ | $ | 12,631,967 | ​ | $ | 11,863,743
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Segment Profit | ​ |  |  | ​ |  |  | ​ |  |
Auto Parts Stores | ​ | $ | 7,556,889 | ​ | $ | 6,617,508 | ​ | $ | 6,209,229
Other | ​ |  | 160,896 | ​ |  | 153,245 | ​ |  | 155,772
Gross profit | ​ |  | 7,717,785 | ​ |  | 6,770,753 | ​ |  | 6,365,001
Operating, selling, general and administrative expenses | ​ |  | (4,773,258) | ​ |  | (4,353,074) | ​ |  | (4,148,864)
Interest expense, net | ​ |  | (195,337) | ​ |  | (201,165) | ​ |  | (184,804)
Income before income taxes | ​ | $ | 2,749,190 | ​ | $ | 2,216,514 | ​ | $ | 2,031,333
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Segment Assets: | ​ |  |  | ​ |  |  | ​ |  |
Auto Parts Stores | ​ | $ | 14,398,581 | ​ | $ | 14,303,427 | ​ | $ | 9,781,926
Other | ​ |  | 117,618 | ​ |  | 120,445 | ​ |  | 113,987
Total | ​ | $ | 14,516,199 | ​ | $ | 14,423,872 | ​ | $ | 9,895,913
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Capital Expenditures: | ​ |  |  | ​ |  |  | ​ |  |
Auto Parts Stores | ​ | $ | 602,329 | ​ | $ | 432,067 | ​ | $ | 479,120
Other | ​ |  | 19,438 | ​ |  | 25,669 | ​ |  | 16,930
Total | ​ | $ | 621,767 | ​ | $ | 457,736 | ​ | $ | 496,050
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Auto Parts Stores Sales by Product Grouping: | ​ |  |  | ​ |  |  | ​ |  |
Failure | ​ | $ | 7,048,700 | ​ | $ | 6,088,859 | ​ | $ | 5,728,294
Maintenance items | ​ |  | 4,888,763 | ​ |  | 4,284,913 | ​ |  | 4,140,987
Discretionary | ​ |  | 2,444,249 | ​ |  | 2,032,157 | ​ |  | 1,775,954
Auto Parts Stores net sales | ​ | $ | 14,381,712 | ​ | $ | 12,405,929 | ​ | $ | 11,645,235
​

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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