WALGREEN CO

CIK:0000104207|SEC Filings

Earnings Per Share	3 Months Ended
Earnings Per Share	Nov. 30, 2014
Earnings Per Share [Abstract]
Earnings Per Share	Note 13. Earnings Per Share The dilutive effect of outstanding stock options on earnings per share is calculated using the treasury stock method. Stock options are anti-dilutive and excluded from the earnings per share calculation if the exercise price exceeds the average market price of the common shares. Outstanding options to purchase common shares that were anti-dilutive and excluded from the earnings per share calculation totaled 6,477,264 and 2,338,689 at November 30, 2014 and 2013, respectively.

Supplemental Cash Flow Disclosures	3 Months Ended
Supplemental Cash Flow Disclosures	Nov. 30, 2014
Supplemental Cash Flow Disclosures [Abstract]
Supplemental Cash Flow Disclosures	Note 17. Supplemental Cash Flow Disclosures Significant non-cash transactions in the three month period ended November 30, 2014, included $32 million for additional capital lease obligations. Cash interest paid for the three month period ended was $43 million compared to $41 million for the same period last year. Cash paid for income taxes was $18 million and $45 million in the three months ended November 30, 2014 and 2013, respectively.

CONSOLIDATED CONDENSED BALANCE SHEETS (UNAUDITED) (USD $) In Millions, unless otherwise specified	Nov. 30, 2014	Aug. 31, 2014	Nov. 30, 2013
Current Assets
Cash and cash equivalents	$ 12,861	$ 2,646	$ 969
Accounts receivable, net	3,579us-gaap_AccountsReceivableNetCurrent	3,218us-gaap_AccountsReceivableNetCurrent	2,727us-gaap_AccountsReceivableNetCurrent
Inventories	6,518us-gaap_InventoryNet	6,076us-gaap_InventoryNet	7,729us-gaap_InventoryNet
Other current assets	322us-gaap_OtherAssetsCurrent	302us-gaap_OtherAssetsCurrent	297us-gaap_OtherAssetsCurrent
Total Current Assets	23,280us-gaap_AssetsCurrent	12,242us-gaap_AssetsCurrent	11,722us-gaap_AssetsCurrent
Non-Current Assets
Property and equipment, at cost, less accumulated depreciation and amortization	12,103us-gaap_PropertyPlantAndEquipmentNet	12,257us-gaap_PropertyPlantAndEquipmentNet	12,351us-gaap_PropertyPlantAndEquipmentNet
Equity investment in Alliance Boots	7,335us-gaap_EquityMethodInvestments	7,248us-gaap_EquityMethodInvestments	6,439us-gaap_EquityMethodInvestments
Alliance Boots call option	0wag_CallOption	0wag_CallOption	856wag_CallOption
Goodwill	2,356us-gaap_Goodwill	2,359us-gaap_Goodwill	2,491us-gaap_Goodwill
Other non-current assets	3,538us-gaap_OtherAssetsNoncurrent	3,076us-gaap_OtherAssetsNoncurrent	2,622us-gaap_OtherAssetsNoncurrent
Total Non-Current Assets	25,332us-gaap_AssetsNoncurrent	24,940us-gaap_AssetsNoncurrent	24,759us-gaap_AssetsNoncurrent
Total Assets	48,612us-gaap_Assets	37,182us-gaap_Assets	36,481us-gaap_Assets
Current Liabilities
Short-term borrowings	774us-gaap_OtherShortTermBorrowings	774us-gaap_OtherShortTermBorrowings	571us-gaap_OtherShortTermBorrowings
Trade accounts payable	5,189us-gaap_AccountsPayableCurrent	4,315us-gaap_AccountsPayableCurrent	4,762us-gaap_AccountsPayableCurrent
Accrued expenses and other liabilities	3,596us-gaap_AccruedLiabilitiesCurrent	3,701us-gaap_AccruedLiabilitiesCurrent	3,210us-gaap_AccruedLiabilitiesCurrent
Income taxes	318us-gaap_DeferredTaxLiabilitiesCurrent	105us-gaap_DeferredTaxLiabilitiesCurrent	278us-gaap_DeferredTaxLiabilitiesCurrent
Total Current Liabilities	9,877us-gaap_LiabilitiesCurrent	8,895us-gaap_LiabilitiesCurrent	8,821us-gaap_LiabilitiesCurrent
Non-Current Liabilities
Long-term debt	13,756us-gaap_LongTermDebtNoncurrent	3,736us-gaap_LongTermDebtNoncurrent	4,501us-gaap_LongTermDebtNoncurrent
Deferred income taxes	1,131	1,048	778
Other non-current liabilities	3,081us-gaap_OtherLiabilitiesNoncurrent	2,942us-gaap_OtherLiabilitiesNoncurrent	2,325us-gaap_OtherLiabilitiesNoncurrent
Total Non-Current Liabilities	17,968us-gaap_LiabilitiesNoncurrent	7,726us-gaap_LiabilitiesNoncurrent	7,604us-gaap_LiabilitiesNoncurrent
Commitments and Contingencies (see Note 11)
Shareholders' Equity
Preferred stock $.0625 par value; authorized 32 million shares, none issued	0us-gaap_PreferredStockValue	0us-gaap_PreferredStockValue	0us-gaap_PreferredStockValue
Common stock $.078125 par value; authorized 3.2 billion shares; issued 1,028,180,150 at November 30, 2014, August 31, 2014 and November 30, 2013	80us-gaap_CommonStockValue	80us-gaap_CommonStockValue	80us-gaap_CommonStockValue
Paid-in capital	1,179us-gaap_AdditionalPaidInCapital	1,172us-gaap_AdditionalPaidInCapital	1,053us-gaap_AdditionalPaidInCapital
Employee stock loan receivable	(4)	(5)	(10)
Retained earnings	22,717	22,229	21,918
Accumulated other comprehensive income	222	178	22
Treasury stock, at cost; 82,537,852 shares at November 30, 2014, 77,793,261 at August 31, 2014 and 78,008,865 at November 30, 2013	(3,558)us-gaap_TreasuryStockValue	(3,197)us-gaap_TreasuryStockValue	(3,042)us-gaap_TreasuryStockValue
Total Walgreen Co. Shareholders' Equity	20,636us-gaap_StockholdersEquity	20,457us-gaap_StockholdersEquity	20,021us-gaap_StockholdersEquity
Noncontrolling interests	131us-gaap_MinorityInterest	104us-gaap_MinorityInterest	35us-gaap_MinorityInterest
Total Equity	20,767	20,561	20,056
Total Liabilities and Equity	$ 48,612	$ 37,182	$ 36,481