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Leases (Tables)
12 Months Ended
Aug. 30, 2025
Leases  
Lease related assets and liabilities recorded on the Balance Sheet

(in thousands)

    

Classification

    

August 30, 2025

August 31, 2024

Assets:

 

  

 

  

Operating

 

Operating lease right-of-use assets

$

3,194,666

$

3,057,780

Finance

 

Property and equipment

 

528,760

 

528,482

Total lease assets

 

  

$

3,723,426

$

3,586,262

Liabilities:

 

  

 

  

 

Current:

Operating

 

Current portion of operating lease liabilities

$

283,564

$

266,855

Finance

 

Accrued expenses and other

 

111,521

 

115,559

Noncurrent:

 

  

 

  

 

  

Operating

 

Operating lease liabilities, less current portion

 

3,093,936

 

2,960,174

Finance

 

Other long-term liabilities

 

288,419

 

283,882

Total lease liabilities

 

  

$

3,777,440

$

3,626,470

Lease Cost

For the year ended

(in thousands)

Statement of Income Location

August 30, 2025

August 31, 2024

Finance lease cost:

 

  

 

  

  

Amortization of lease assets

 

Depreciation and amortization

$

98,597

$

84,392

Interest on lease liabilities

 

Interest expense, net

 

21,204

 

19,279

Operating lease cost(1)

 

Selling, general and administrative expenses

 

506,824

 

485,164

Total lease cost

$

626,625

$

588,835

(1)Includes short-term leases, variable lease costs and sublease income, which are immaterial.
Schedule of future maturities of finance lease liability

    

Finance

    

Operating 

    

(in thousands)

Leases

Leases

Total

2026

$

112,918

$

424,466

$

537,384

2027

 

121,123

458,397

579,520

2028

 

102,182

433,574

535,756

2029

 

70,538

403,213

473,751

2030

 

18,447

376,721

395,168

Thereafter

 

39,779

2,286,397

2,326,176

Total lease payments

464,987

4,382,768

 

4,847,755

Less: Interest

 

(65,047)

(1,005,268)

(1,070,315)

Present value of lease liabilities

$

399,940

$

3,377,500

$

3,777,440

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 30, 2025, having initial or remaining lease terms in excess of one year are as follows:

    

Finance

    

Operating 

    

(in thousands)

Leases

Leases

Total

2026

$

112,918

$

424,466

$

537,384

2027

 

121,123

458,397

579,520

2028

 

102,182

433,574

535,756

2029

 

70,538

403,213

473,751

2030

 

18,447

376,721

395,168

Thereafter

 

39,779

2,286,397

2,326,176

Total lease payments

464,987

4,382,768

 

4,847,755

Less: Interest

 

(65,047)

(1,005,268)

(1,070,315)

Present value of lease liabilities

$

399,940

$

3,377,500

$

3,777,440

Lease Term and Discount Rate Assumptions

August 30, 2025

Weighted-average remaining lease term in years, inclusive of renewal options that are reasonably certain to be exercised:

 

  

Finance leases – real estate

 

20

Finance leases – vehicles

 

4

Operating leases

 

12

Weighted-average discount rate:

 

Finance leases – real estate

 

3.89

%

Finance leases – vehicles

 

5.71

%

Operating leases

 

4.41

%