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Financing (Tables)
8 Months Ended
May 06, 2017
Debt Disclosure [Abstract]  
Schedule of Debt

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

 

(in thousands)

   May 6,
2017
     August 27,
2016
 

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

   $ —        $ 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        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        400,000  

3.750% Senior Notes due June 2027, effective interest rate of 3.83%

     600,000        —    

Commercial paper, weighted average interest rate of 1.25% and 0.72% at May 6, 2017 and August 27, 2016, respectively

     1,228,200        1,197,500  
  

 

 

    

 

 

 

Total debt before discounts and debt issuance costs

     5,178,200        4,947,500  

Less: Discounts and debt issuance costs

     25,357        23,381  
  

 

 

    

 

 

 

Long-term debt

   $ 5,152,843      $ 4,924,119