XML 44 R12.htm IDEA: XBRL DOCUMENT v3.20.1
Debt
 8 Months Ended
May 10, 2020
Debt Disclosure [Abstract]  
Debt
Note 5—Debt
The carrying value of the Company’s long-term debt consisted of the following:
May 10,
2020		September 1,
2019
1.700% Senior Notes due December 2019$0  $1,200  
1.750% Senior Notes due February 20200  500  
2.150% Senior Notes due May 20211,000  1,000  
2.250% Senior Notes due February 2022500  500  
2.300% Senior Notes due May 2022800  800  
2.750% Senior Notes due May 20241,000  1,000  
3.000% Senior Notes due May 20271,000  1,000  
1.375% Senior Notes due June 20271,250  0  
1.600% Senior Notes due April 20301,750  0  
1.750% Senior Notes due April 20321,000  0  
Other long-term debt849  852  
Total long-term debt
9,149  6,852  
Less unamortized debt discounts and issuance costs
54  29  
Less current portion(1)
1,497  1,699  
Long-term debt, excluding current portion
$7,598  $5,124  
 _______________
(1)Net of unamortized debt discounts and issuance costs. As of May 10, 2020, includes the 2.150% and 2.250% Senior Notes which were repaid, prior to maturity, subsequent to the end of the quarter.

The fair value of Senior Notes is estimated using Level 2 inputs. Other long-term debt consists of Guaranteed Senior Notes issued by the Company's Japan subsidiary, valued using Level 3 inputs. The fair value of the Company's long-term debt, including the current portion, was approximately $9,320 and $6,997 at May 10, 2020, and September 1, 2019, respectively.
During the first thirty-six weeks of 2020, the Company paid the outstanding principal balances and interest on the 1.700% and 1.750% Senior Notes. In April 2020, the Company issued $4,000 in aggregate principal amount of Senior Notes as follows: $1,250 of 1.375% due June 2027; $1,750 of 1.600% due April 2030; and $1,000 of 1.750% due April 2032. A portion of the proceeds were used to repay, prior to maturity, the 2.150% and 2.250% Senior Notes subsequent to the end of the quarter, at a redemption price plus accrued interest as specified in the Notes' agreements. The remaining funds will be used for general corporate purposes.