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Financing (Tables)
6 Months Ended
Feb. 15, 2020
Debt Disclosure [Abstract]  
Schedule of Debt
The Company’s long-term debt consisted of the following:
(in thousands)
 
    February 15,    
 
2020
 
        August 31,        
2019
 
 
 
 
 
 
 
 
 
 
 
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
 
3.125% Senior Notes due April 2024, effective interest rate 3.32%
 
 
 
300,000
 
 
   
300,000
 
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
 
3.750% Senior Notes due April 2029, effective interest rate of 3.86%
 
 
 
450,000
 
 
   
450,000
 
Commercial paper, weighted average interest rate of 1.72% and 2.28% at February 15, 2020 and August 31, 2019, respectively
 
 
 
1,272,700
 
 
   
1,030,000
 
   
 
     
 
       
Total debt before discounts and debt issuance costs
 
 
 
5,472,700
 
 
   
5,230,000
 
Less: Discounts and debt issuance costs
 
 
 
21,229
 
 
   
23,656
 
   
 
     
 
       
Long-term debt
 
 
$
5,451,471
 
 
  $
5,206,344