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Financing (Tables)
12 Months Ended
Aug. 25, 2018
Debt Disclosure [Abstract]  
Schedule of Debt

The Company’s debt consisted of the following:

 

(in thousands)  

August 25,

2018

   

August 26,

2017

 

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

  $ —       $ 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       600,000  

Commercial paper, weighted average interest rate of 2.29% and 1.44% at August 25, 2018 and August 26, 2017, respectively

    1,325,300       1,155,100  
 

 

 

   

 

 

 

Total debt before discounts and debt issuance costs

    5,025,300       5,105,100  

Less: Discounts and debt issuance costs

    19,370       23,862  
 

 

 

   

 

 

 

Long-term debt

  $ 5,005,930     $ 5,081,238  
 

 

 

   

 

 

 

Scheduled Maturities of Debt

Scheduled maturities of debt are as follows:

 

(in thousands)    Scheduled
Maturities
 

2019

   $ 1,575,300  

2020

     —    

2021

     750,000  

2022

     500,000  

2023

     800,000  

Thereafter

     1,400,000  
  

 

 

 

Subtotal

     5,025,300  

Discount and debt issuance costs

     19,370  
  

 

 

 

Total Debt

   $ 5,005,930