Leases (Tables)

6 Months Ended

Feb. 13, 2021

Leases.

Balance Sheet Information Related to Leases

		February 13,		August 29,
(in thousands)	Classification	2021		2020
Assets:
Operating	Operating lease right-of-use assets	$	2,660,667	$	2,581,677
Finance	Property and equipment		327,405		327,006
Total lease assets		$	2,988,072	$	2,908,683
Liabilities:
Current:
Operating	Current portion of operating lease liabilities	$	252,523	$	223,846
Finance	Accrued expenses and other		64,459		67,498
Noncurrent:
Operating	Operating lease liabilities, less current portion		2,566,974		2,501,560
Finance	Other long-term liabilities		160,951		155,855
Total lease liabilities		$	3,044,907	$	2,948,759

Lease Cost

		Twelve Weeks Ended
		February 13,		February 15,
(in thousands)	Statement of Income Location	2021		2020
Finance lease cost:
Amortization of lease assets	Depreciation and amortization	$	13,066	$	12,872
Interest on lease liabilities	Interest expense, net		713		1,282
Operating lease cost(1)	Selling, general and administrative expenses		85,082		80,396
Total lease cost		$	98,861	$	94,550

Lease costs for finance and operating leases for the twenty-four weeks ended February 13, 2021 are as follows:

		Twenty-Four Weeks Ended
		February 13,		February 15,
(in thousands)	Statement of Income Location	2021		2020
Finance lease cost:
Amortization of lease assets	Depreciation and amortization	$	22,385	$	25,528
Interest on lease liabilities	Interest expense, net		1,416		2,667
Operating lease cost(1)	Selling, general and administrative expenses		169,184		162,195
Total lease cost		$	192,985	$	190,390

(1) Includes short-term leases, variable lease costs and sublease income, which are immaterial.

Information on Lease Term and Discount Rate

	February 13,
	2021
Weighted-average remaining lease term in years, inclusive of renewal options that are reasonably certain to be exercised:
Finance leases – real estate	27
Finance leases – vehicles	3
Operating leases	16
Weighted-average discount rate:
Finance leases – real estate	3.55	%
Finance leases – vehicles	1.95	%
Operating leases	3.42	%

Other Information Related to Lease Liabilities

	Twenty-Four Weeks Ended
	February 13,		February 15,
(in thousands)	2021		2020
Cash paid for amounts included in the measurement of lease liabilities – operating cash flows from operating leases	$	123,431	$	98,021
Leased assets obtained in exchange for new finance lease liabilities		30,764		45,582
Leased assets obtained in exchange for new operating lease liabilities		217,522		174,038