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Financing (Tables)
6 Months Ended
Feb. 13, 2016
Debt Disclosure [Abstract]  
Schedule of Debt

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

 

(in thousands)

  February 13,
2016
    August 29,
2015
 

5.500% Senior Notes due November 2015, effective interest rate of 4.86%

  $ —        $ 300,000   

6.950% Senior Notes due June 2016, effective interest rate of 7.09%

    200,000        200,000   

1.300% Senior Notes due January 2017, effective interest rate of 1.43%

    400,000        400,000   

7.125% Senior Notes due August 2018, effective interest rate of 7.28%

    250,000        250,000   

4.000% Senior Notes due November 2020, effective interest rate of 4.43%

    500,000        500,000   

2.500% Senior Notes due April 2021, effective interest rate of 3.85%

    250,000        250,000   

3.700% Senior Notes due April 2022, effective interest rate of 3.85%

    500,000        500,000   

2.875% Senior Notes due January 2023, effective interest rate of 3.21%

    300,000        300,000   

3.125% Senior Notes due July 2023, effective interest rate of 3.26%

    500,000        500,000   

3.250% Senior Notes due April 2025, effective interest rate 3.36%

    400,000        400,000   

Commercial paper, weighted average interest rate of 0.73% and 0.45% at February 13, 2016 and August 29, 2015, respectively

    1,566,100        1,047,600   
 

 

 

   

 

 

 

Total debt

    4,866,100        4,647,600   

Less: Short-term borrowings

    457,404        —     
 

 

 

   

 

 

 

Long-term debt before discounts and debt issuance costs

    4,408,696        4,647,600   

Less: Discounts and debt issuance costs

    20,885        22,724   
 

 

 

   

 

 

 

Long-term debt

  $ 4,387,811      $ 4,624,876