Leases (Tables)

12 Months Ended

Aug. 28, 2022

The tables below present information regarding the Company's lease assets and liabilities.


	2022		2021
Assets
Operating lease right-of-use assets	$	2,774	$	2,890
Finance lease assets(1)	1,620		1,000
Total lease assets	$	4,394	$	3,890
Liabilities
Current
Operating lease liabilities(2)	$	239	$	222
Finance lease liabilities(2)	245		72
Long-term
Operating lease liabilities	2,482		2,642
Finance lease liabilities(3)	1,383		980
Total lease liabilities	$	4,349	$	3,916

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(1)Included in other long-term assets in the consolidated balance sheets.

(2)Included in other current liabilities in the consolidated balance sheets.

(3)Included in other long-term liabilities in the consolidated balance sheets.


	2022		2021
Weighted-average remaining lease term (years)
Operating leases	20		21
Finance leases	17		22
Weighted-average discount rate
Operating leases	2.26	%	2.16	%
Finance leases	3.97	%	4.91	%

The components of lease expense, excluding short-term lease costs and sublease income (which were not material), were as follows:



	2022		2021		2020
Operating lease costs(1)	$	297	$	296	$	252
Finance lease costs:
Amortization of lease assets(1)	128		50		31
Interest on lease liabilities(2)	45		37		33
Variable lease costs(1)	157		151		87
Total lease costs	$	627	$	534	$	403

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(1)Included in selling, general and administrative expenses and merchandise costs in the consolidated statements of income.

(2)Included in interest expense and merchandise costs in the consolidated statements of income.

Supplemental cash flow information related to leases was as follows:



	2022		2021		2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows — operating leases	$	277	$	282	$	258
Operating cash flows — finance leases	45		37		33
Financing cash flows — finance leases	176		67		49
Operating lease assets obtained in exchange for new or modified leases	231		350		354
Financing lease assets obtained in exchange for new or modified leases	794		399		317

As of August 28, 2022, future minimum payments during the next five fiscal years and thereafter are as follows:


	Operating Leases(1)		Finance Leases
2023	$	277	$	288
2024	256		253
2025	210		280
2026	207		119
2027	186		88
Thereafter	2,332		1,191
Total(2)	3,468		2,219
Less amount representing interest	747		591
Present value of lease liabilities	$	2,721	$	1,628

_______________

(1)Operating lease payments have not been reduced by future sublease income of $83.

(2)Excludes $660 of lease payments for leases that have been signed but not commenced.