Leases (Notes)

3 Months Ended

Nov. 24, 2019

Leases [Abstract]

Leases of Lessee Disclosure [Text Block]

Note 5—Leases

The tables below present information regarding the Company's lease assets and liabilities:

	November 24, 2019
Assets
Operating lease right-of-use assets	$	2,597
Finance lease assets(1)	355
Total lease assets	$	2,952
Liabilities
Current
Operating(2)	$	169
Finance(2)	12
Long-term
Operating	2,442
Finance(3)	388
Total lease liabilities	$	3,011

 _______________

(1) Included in net property and equipment in the accompanying condensed consolidated balance sheets.

(2) Included in other current liabilities in the accompanying condensed consolidated balance sheets.

(3) Included in other long-term liabilities in the accompanying condensed consolidated balance sheets.

	November 24, 2019
Weighted-average remaining lease term (years)
Operating leases	21
Finance leases	15
Weighted-average discount rate
Operating leases	2.25	%
Finance leases	8.54	%

The components of lease expense, excluding short-term and variable lease costs and sublease income which were not material, were as follows:

	12 Weeks Ended
	November 24, 2019
Operating lease cost(1)	$	51
Finance lease cost
Amortization of lease assets(1)	4
Interest on lease liabilities(2)	7
Total lease cost	$	62

 _______________

(1) Generally included in selling, general and administrative expenses in the accompanying condensed consolidated statements of income.

(2) Included in interest expense in the accompanying condensed consolidated statements of income.

Supplemental cash flow information related to leases was as follows:

	12 Weeks Ended
	November 24, 2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows — operating leases	$	40
Operating cash flows — finance leases	7
Financing cash flows — finance leases	31
Leased assets obtained in exchange for finance lease liabilities	4
Leased assets obtained in exchange for operating lease liabilities	10

As of November 24, 2019, future minimum payments during the next five fiscal years and thereafter are as follows:

	Operating Leases(1)		Finance Leases
2020	$	173	$	29
2021	216		40
2022	206		39
2023	212		42
2024	188		40
Thereafter	2,400		557
Total(2)	3,395		747
Less amount representing interest	784		347
Present value of lease liabilities	$	2,611	$	400

 _______________

(1) Operating lease payments have not been reduced by future sublease income of $103.

(2) Excludes $250 of lease payments for leases that have been signed but not yet commenced.

As of September 1, 2019, future minimum payments, net of sub-lease income of $105, under noncancelable operating leases with terms of at least one year and capital leases reported under ASC 840 were as follows:

	Operating Leases		Capital Leases
2020	$	239	$	51
2021	229		53
2022	202		38
2023	193		39
2024	181		39
Thereafter	2,206		544
Total	$	3,250	764
Less amount representing interest			343
Net present value of minimum lease payments			$	421