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Leases
 12 Months Ended
Aug. 30, 2020
Leases [Abstract]  
Leases
Note 6—Leases
The tables below present information regarding the Company's lease assets and liabilities.
2020
Assets
Operating lease right-of-use assets$2,788 
Finance lease assets(1)
592 
Total lease assets$3,380 
Liabilities
Current
Operating lease liabilities(2)
$231 
Finance lease liabilities(2)
31 
Long-term
Operating lease liabilities2,558 
Finance lease liabilities(3)
657 
Total lease liabilities$3,477 
 _______________
(1)Included in other long-term assets in the consolidated balance sheets.
(2)Included in other current liabilities in the consolidated balance sheets.
(3)Included in other long-term liabilities in the consolidated balance sheets.
2020
Weighted-average remaining lease term (years)
Operating leases
21
Finance leases
20
Weighted-average discount rate
Operating leases
2.23 %
Finance leases
6.34 %
The components of lease expense, excluding short-term lease costs and sublease income (which were not material), were as follows:
2020
Operating lease costs(1)
$252 
Finance lease costs:
Amortization of lease assets(1)
31 
Interest on lease liabilities(2)
33 
Variable lease costs(3)
87 
Total lease costs$403 
 _______________
(1)Included in selling, general and administrative expenses and merchandise costs in the consolidated statements of income.
(2)Included in interest expense in the consolidated statements of income.
(3)Included in selling, general and administrative expenses and merchandise costs in the consolidated statements of income. Amount excludes property taxes, which were immaterial.
Supplemental cash flow information related to leases was as follows:
2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows — operating leases
$258 
Operating cash flows — finance leases
33 
Financing cash flows — finance leases
49 
Leased assets obtained in exchange for operating lease liabilities354 
Leased assets obtained in exchange for finance lease liabilities317 
As of August 30, 2020, future minimum payments during the next five fiscal years and thereafter are as follows:
Operating Leases(1)
Finance Leases
2021$273 $61 
2022253 62 
2023246 66 
2024212 63 
2025176 134 
Thereafter2,410 742 
Total(2)
3,570 1,128 
Less amount representing interest781 440 
Present value of lease liabilities$2,789 $688 
 _______________
(1)Operating lease payments have not been reduced by future sublease income of $101.
(2)Excludes $280 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 LeasesCapital Leases
2020$239 $51 
2021229 53 
2022202 38 
2023193 39 
2024181 39 
Thereafter2,206 544 
Total$3,250 764 
Less amount representing interest343 
Net present value of minimum lease payments$421