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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Aug. 29, 2020
Aug. 31, 2019
Aug. 25, 2018
Statement of Comprehensive Income [Abstract]      
Net income $ 1,732,972 $ 1,617,221 $ 1,337,536
Other comprehensive loss:      
Pension liability adjustments, net of taxes [1],[2]     72,376
Foreign currency translation adjustments (66,723) (36,699) (53,085)
Unrealized gains (losses) on marketable debt securities, net of taxes [3] 1,254 1,464 (862)
Net derivative activities, net of taxes [4] (19,461) 1,718 323
Total other comprehensive (loss) income (84,930) (33,517) 18,752
Comprehensive income $ 1,648,042 $ 1,583,704 $ 1,356,288
[1] On December 19, 2017, the Board approved a resolution to terminate both of the Company’s pension plans, effective March 15, 2018. During the fourth quarter of 2018, the Company completed the termination and no longer has any remaining defined benefit pension obligation.
[2] Pension liability adjustments are presented net of taxes of $46,523 in 2018, which includes $13,122 related to the adoption of ASU 2018-02 - Income Statement - Reporting Comprehensive Income: Reclassification of Certain Tax effects from Accumulated Other Comprehensive Income (ASU 2018-02).
[3] Unrealized gains on marketable debt securities are presented net of taxes of $336 and $389 in 2020 and 2019, respectively. Unrealized losses on marketable debt securities are presented net of tax benefit of $234 in 2018.
[4] Net derivative activities are presented net of tax benefit of $6,164 in 2020. Net derivative activities are presented net of taxes of $530 in 2019 and $1,882 in 2018, which includes $1,367 related to the adoption of ASU 2018-02.