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Quarterly Financial Data (Unaudited) (Tables)
 12 Months Ended
Aug. 28, 2016
Quarterly Financial Information Disclosure [Abstract]  
Unaudited Quarterly Results of Operations
The two tables that follow reflect the unaudited quarterly results of operations for 2016 and 2015.
 
52 Weeks Ended August 28, 2016
 
First
Quarter
(12 Weeks)
 
Second
Quarter
(12 Weeks)
 
Third
Quarter
(12 Weeks)
 
Fourth
Quarter
(16 Weeks)
 
Total
(52 Weeks)
REVENUE
 
 
 
 
 
 
 
 
 
Net sales
$
26,627

 
$
27,567

 
$
26,151

 
$
35,728

 
$
116,073

Membership fees
593

 
603

 
618

 
832

 
2,646

Total revenue
27,220

 
28,170

 
26,769

 
36,560

 
118,719

OPERATING EXPENSES
 
 
 
 
 
 
 
 
 
Merchandise costs
23,621

 
24,469

 
23,162

 
31,649

 
102,901

Selling, general and administrative
2,806

 
2,835

 
2,731

 
3,696

 
12,068

Preopening expenses
26

 
10

 
18

 
24

 
78

Operating income
767

 
856

 
858

 
1,191

 
3,672

OTHER INCOME (EXPENSE)
 
 
 
 
 
 
 
 
 
Interest expense
(33
)
 
(31
)
 
(30
)
 
(39
)
 
(133
)
Interest income and other, net
28

 
16

 
7

 
29

 
80

INCOME BEFORE INCOME TAXES
762

 
841

 
835

 
1,181

 
3,619

Provision for income taxes
275

 
286

 
286

 
396

 
1,243

Net income including noncontrolling interests
487

 
555

 
549

 
785

 
2,376

Net income attributable to noncontrolling interests
(7
)
 
(9
)
 
(4
)
 
(6
)
 
(26
)
NET INCOME ATTRIBUTABLE TO COSTCO
$
480

 
$
546

 
$
545

 
$
779

 
$
2,350

NET INCOME PER COMMON SHARE ATTRIBUTABLE TO COSTCO:
 
 
 
 
 
 
 
 
 
Basic
$
1.10

 
$
1.24

 
$
1.24

 
$
1.78

 
$
5.36

Diluted
$
1.09

 
$
1.24

 
$
1.24

 
$
1.77

 
$
5.33

Shares used in calculation (000’s)
 
 
 
 
 
 
 
 
 
Basic
438,342

 
439,648

 
438,815

 
437,809

 
438,585

Diluted
441,386

 
441,559

 
441,066

 
440,868

 
441,263

CASH DIVIDENDS DECLARED PER COMMON SHARE
$
0.40

 
$
0.40

 
$
0.45

 
$
0.45

 
$
1.70



 
52 Weeks Ended August 30, 2015
 
First
Quarter
(12 Weeks)
 
Second
Quarter
(12 Weeks)
 
Third
Quarter
(12 Weeks)
 
Fourth
Quarter
(16 Weeks)
 
Total
(52 Weeks)
REVENUE
 
 
 
 
 
 
 
 
 
Net sales
$
26,284

 
$
26,872

 
$
25,517

 
$
34,993

 
$
113,666

Membership fees
582

 
582

 
584

 
785

 
2,533

Total revenue
26,866

 
27,454

 
26,101

 
35,778

 
116,199

OPERATING EXPENSES
 
 
 
 
 
 
 
 
 
Merchandise costs
23,385

 
23,897


22,687

 
31,096

 
101,065

Selling, general and administrative
2,696

 
2,671

 
2,579

 
3,499

 
11,445

Preopening expenses
15

 
9

 
14

 
27

 
65

Operating income
770

 
877

 
821

 
1,156

 
3,624

OTHER INCOME (EXPENSE)
 
 
 
 
 
 
 
 
 
Interest expense
(26
)
 
(27
)
 
(31
)
 
(40
)
 
(124
)
Interest income and other, net
35

 
20

 
9

 
40

 
104

INCOME BEFORE INCOME TAXES
779

 
870

 
799

 
1,156

 
3,604

Provision for income taxes
274

 
263

(1) 
280

 
378

 
1,195

Net income including noncontrolling interests
505

 
607

 
519

 
778

 
2,409

Net income attributable to noncontrolling interests
(9
)
 
(9
)
 
(3
)
 
(11
)
 
(32
)
NET INCOME ATTRIBUTABLE TO COSTCO
$
496

 
$
598

 
$
516

 
$
767

 
$
2,377

NET INCOME PER COMMON SHARE ATTRIBUTABLE TO COSTCO:
 
 
 
 
 
 
 
 
 
Basic
$
1.13

 
$
1.36

 
$
1.17

 
$
1.75

 
$
5.41

Diluted
$
1.12

 
$
1.35

 
$
1.17

 
$
1.73

 
$
5.37

Shares used in calculation (000’s)
 
 
 
 
 
 
 
 
 
Basic
438,760

 
440,384

 
440,070

 
438,835

 
439,455

Diluted
442,210

 
442,896

 
443,132

 
442,404

 
442,716

CASH DIVIDENDS DECLARED PER COMMON SHARE
$
0.355

 
$
5.355

(2) 
$
0.40

 
$
0.40

 
$
6.51


_______________
(1)
Includes a $57 tax benefit recorded in the second quarter in connection with the special cash dividend paid to employees through the Company's 401(k) Retirement Plan.
(2)
Includes the special cash dividend of $5.00 per share paid in February 2015.