Debt

6 Months Ended

Feb. 16, 2020

Note 4—Debt

The carrying value of the Company’s long-term debt consisted of the following:



	February 16, 2020		September 1, 2019
1.70% Senior Notes due December 2019	$	0	$	1,200
1.75% Senior Notes due February 2020	500		500
2.15% Senior Notes due May 2021	1,000		1,000
2.25% Senior Notes due February 2022	500		500
2.30% Senior Notes due May 2022	800		800
2.75% Senior Notes due May 2024	1,000		1,000
3.00% Senior Notes due May 2027	1,000		1,000
Other long-term debt	824		852
Total long-term debt	5,624		6,852
Less unamortized debt discounts and issuance costs	25		29
Less current portion⁽¹⁾	500		1,699
Long-term debt, excluding current portion	$	5,099	$	5,124

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(1)	Net of unamortized debt discounts and issuance costs.

The estimated fair value of Senior Notes is valued using Level 2 inputs. Other long-term debt consists of Guaranteed Senior Notes issued by the Company's Japan subsidiary, valued using Level 3 inputs. The fair value of the Company's long-term debt, including the current portion, was approximately $5,772 and $6,997 at February 16, 2020, and September 1, 2019, respectively.

In December 2019, the Company paid the outstanding principal balance and interest on the 1.70% Senior Notes. Subsequent to the end of the quarter, on February 18, 2020, the Company paid the outstanding principal balance and interest on the 1.75% Senior Notes. Existing cash and cash equivalents and short-term investments were used to satisfy these obligations.