v3.25.3
Debt
 3 Months Ended
Nov. 27, 2025
Debt Disclosure [Abstract]  
Debt Debt
As of November 27, 2025As of August 28, 2025
Net Carrying AmountNet Carrying Amount
Stated RateEffective RateCurrentLong-TermTotalCurrentLong-TermTotal
2029 A Notes5.327 %5.40 %$— $698 $698 $— $698 $698 
2030 Notes
4.663 %4.73 %— 794 794 — 794 794 
2031 Notes
5.300 %5.41 %— 995 995 — 995 995 
2032 Green Bonds2.703 %2.77 %— 996 996 — 996 996 
2032 Notes
5.650 %5.79 %— 496 496 — 496 496 
2033 A Notes5.875 %5.96 %— 746 746 — 746 746 
2033 B Notes5.875 %6.01 %— 892 892 — 892 892 
2035 A Notes5.800 %5.90 %— 993 993 — 992 992 
2035 B Notes6.050 %6.14 %— 1,241 1,241 — 1,241 1,241 
2041 Notes3.366 %3.41 %— 497 497 — 497 497 
2051 Notes3.477 %3.52 %— 496 496 — 496 496 
2028 NotesN/AN/A— — — — 540 540 
2029 Term Loan AN/AN/A— — — — 982 982 
2029 B NotesN/AN/A— — — — 1,168 1,168 
Finance lease obligations
N/A4.86 %569 2,343 2,912 560 2,484 3,044 
 
$569 $11,187 $11,756 $560 $14,017 $14,577 

Debt Activity

The table below presents the effects of debt prepayment activity in the first three months of 2026:

Transaction Date
Decrease in Principal
Decrease in Carrying Value
Decrease in Cash
Prepayments
2028 Notes
October 24, 2025
$(542)$(541)$(562)
2029 B Notes
October 24, 2025
(1,159)(1,168)(1,276)
2029 Term Loan A
October 27, 2025
(984)(982)(984)
$(2,685)$(2,691)$(2,822)

In the first quarter of 2026, we recognized a $130 million loss in other non-operating income (expense) in connection with these prepayments.

Revolving Credit Facility

As of November 27, 2025, no amounts were outstanding under the Revolving Credit Facility and $3.50 billion was available to us. Under the Revolving Credit Facility, borrowing would generally bear interest at a rate equal to adjusted term SOFR plus 0.875% to 1.50%, depending on our corporate credit ratings. Any amounts outstanding under the Revolving Credit Facility would mature on March 12, 2030 and amounts borrowed may be prepaid without penalty. Any obligations under the Revolving Credit Facility would be unsecured.

The Revolving Credit Facility requires us to maintain, on a consolidated basis, a net leverage ratio of total net indebtedness to adjusted EBITDA, as defined in the Revolving Credit Facility agreement and calculated as of the last day of each fiscal quarter, not to exceed 3.25 to 1.00, subject to a temporary four fiscal quarter increase in such maximum ratio to 3.75 to 1.00 following certain material acquisitions.
Maturities of Notes Payable

As of November 27, 2025, maturities of notes payable by fiscal year were as follows:
Remainder of 2026$— 
2027— 
2028— 
2029700 
2030796 
2031 and thereafter7,400 
Unamortized issuance costs and discounts
(52)
$8,844