v2.3.0.15
Quarterly Financial Data (Details) (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended12 Months Ended
May 08, 2011
Feb. 13, 2011
Nov. 21, 2010
May 09, 2010
Feb. 14, 2010
Nov. 22, 2009
Aug. 28, 2011
Aug. 29, 2010
Aug. 28, 2011
Aug. 29, 2010
Aug. 30, 2009
REVENUE           
Net sales$ 20,188[1]$ 20,449[1]$ 18,823[1]$ 17,385$ 18,356$ 16,922$ 27,588[1]$ 23,592$ 87,048[1]$ 76,255$ 69,889
Membership fees435[1]426[1]416[1]395386377590[1]5331,867[1]1,6911,533
Total revenue20,623[1]20,875[1]19,239[1]17,78018,74217,29928,178[1]24,12588,915[1]77,94671,422
OPERATING EXPENSES           
Merchandise costs18,067[1],[2]18,235[1],[2]16,757[1]15,49416,39615,08124,680[1],[2]21,02477,739[1]67,99562,335
Selling, general and administrative1,991[1]2,038[1]1,941[1]1,7891,873[3]1,7772,712[1]2,4018,682[1]7,8407,252
Preopening expenses8[1]4[1]12[1]331122[1]946[1]2641
Provision for impaired assets and closing costs, net1[1]2[1]4[1]3022[1]39[1]817
Operating income556[1]596[1]525[1]491470428762[1]6882,439[1]2,0771,777
OTHER INCOME (EXPENSE)           
Interest expense(27)[1](27)[1](26)[1](27)(26)(24)(36)[1](34)(116)[1](111)(108)
Interest income and other, net5[1]4[1]5[1]10301846[1]3060[1]8858
INCOME BEFORE INCOME TAXES534[1]573[1]504[1]474474422772[1]6842,383[1]2,0541,727
Provision for income taxes193[1]204[1]172[1]163169152272[1]247841[1]731628
Net income including noncontrolling interests341[1]369[1]332[1]311305270500[1]4371,542[1]1,3231,099
Net income attributable to noncontrolling interests(17)[1](21)[1](20)[1](5)(6)(4)(22)[1](5)(80)[1](20)(13)
NET INCOME ATTRIBUTABLE TO COSTCO324[1]348[1]312[1]306299266478[1]4321,462[1]1,3031,086
NET INCOME PER COMMON SHARE ATTRIBUTABLE TO COSTCO:           
Basic$ 0.74[1]$ 0.80[1]$ 0.72[1]$ 0.69$ 0.68$ 0.61$ 1.09[1]$ 0.99$ 3.35[1]$ 2.97$ 2.50
Diluted$ 0.73[1]$ 0.79[1]$ 0.71[1]$ 0.68$ 0.67$ 0.60$ 1.08[1]$ 0.97$ 3.30[1]$ 2.92$ 2.47
Shares used in calculation (000's)           
Basic436,977[1]436,682[1]434,099[1]440,973439,786437,173436,596[1]437,071436,119[1]438,611433,988
Diluted443,570[1]443,186[1]441,360[1]448,391446,918444,849443,518[1]444,289443,094[1]445,970440,454
Dividends per share$ 0.240[1]$ 0.205[1]$ 0.205[1]$ 0.205$ 0.180$ 0.180$ 0.240[1]$ 0.205$ 0.89[1]$ 0.77$ 0.68
Increase to merchandise costs for LIFO inventory adjustment496    32 87 32
Charge related to change in employee benefits    $ 22      
[1] As discussed in Note 1, the Company began consolidating Mexico on August 30, 2010.
[2] Includes a $6, $49, and $32 increase to merchandise costs for a LIFO inventory adjustment for the second, third and fourth quarters, respectively. (See note 1—Merchandise Inventories).
[3] Includes a $22 charge related to a change in employee benefits whereby certain unused time off will now be paid annually to our employees.