Leases (Notes)

6 Months Ended

Feb. 16, 2020

Leases [Abstract]

Leases of Lessee Disclosure [Text Block]

Note 5—Leases

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

	February 16, 2020
Assets
Operating lease right-of-use assets	$	2,596
Finance lease assets(1)	523
Total lease assets	$	3,119
Liabilities
Current
Operating(2)	$	168
Finance(2)	18
Long-term
Operating	2,446
Finance(3)	544
Total lease liabilities	$	3,176

 _______________

(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.

	February 16, 2020
Weighted-average remaining lease term (years)
Operating leases	22
Finance leases	19
Weighted-average discount rate
Operating leases	2.24	%
Finance leases	7.24	%

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

	12 Weeks Ended		24 Weeks Ended
	February 16, 2020		February 16, 2020
Operating lease costs(1)	$	51	$	102
Finance lease costs:
Amortization of lease assets(1)	4		8
Interest on lease liabilities(2)	8		15
Variable lease costs(3)	22		36
Total lease costs	$	85	$	161

 _______________

(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.

(3) Included in selling, general and administrative expenses and merchandise costs in the accompanying condensed consolidated statements of income. Amount excludes property taxes, which were immaterial.

Supplemental cash flow information related to leases was as follows:

	24 Weeks Ended
	February 16, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows — operating leases	$	93
Operating cash flows — finance leases	15
Financing cash flows — finance leases	34
Leased assets obtained in exchange for operating lease liabilities	47
Leased assets obtained in exchange for finance lease liabilities	167

As of February 16, 2020, future minimum payments during the next five fiscal years and thereafter are as follows:

	Operating Leases(1)		Finance Leases
2020	$	120	$	23
2021	220		47
2022	212		47
2023	219		51
2024	194		47
Thereafter	2,462		723
Total(2)	3,427		938
Less amount representing interest	813		376
Present value of lease liabilities	$	2,614	$	562

 _______________

(1) Operating lease payments have not been reduced by future sublease income of $101.

(2) Excludes $185 of lease payments for leases that have been signed but not 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