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Financing (Tables)
8 Months Ended
May 07, 2016
Debt Disclosure [Abstract]  
Schedule of Debt

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

 

(in thousands)

   May 7,
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   

1.625% Senior Notes due April 2019, effective interest rate of 1.77%

     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 2.62%

     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   

3.125% Senior Notes due April 2026, effective interest rate of 3.28%

     400,000         —     

Commercial paper, weighted average interest rate of 0.72% and 0.45% at May 7, 2016 and August 29, 2015, respectively

     1,028,500         1,047,600   
  

 

 

    

 

 

 

Total debt

     4,978,500         4,647,600   

Less: Short-term borrowings

     —           —     
  

 

 

    

 

 

 

Long-term debt before discounts and debt issuance costs

     4,978,500         4,647,600   

Less: Discounts and debt issuance costs

     24,803         22,724   
  

 

 

    

 

 

 

Long-term debt

   $ 4,953,697       $ 4,624,876