Income Taxes (Tables)

12 Months Ended

Aug. 30, 2020

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

Income before income taxes is comprised of the following:

	2020		2019		2018
Domestic	$	4,204	$	3,591	$	3,182
Foreign	1,163		1,174		1,260
Total	$	5,367	$	4,765	$	4,442

Schedule of Components of Income Tax Expense (Benefit)

The provisions for income taxes are as follows:

	2020		2019		2018
Federal:
Current	$	616	$	328	$	636
Deferred	77		222		(35)
Total federal	693		550		601
State:
Current	230		178		190
Deferred	8		26		22
Total state	238		204		212
Foreign:
Current	372		405		487
Deferred	5		(98)		(37)
Total foreign	377		307		450
Total provision for income taxes	$	1,308	$	1,061	$	1,263

Schedule of Effective Income Tax Rate Reconciliation

The reconciliation between the statutory tax rate and the effective rate for 2020, 2019, and 2018 is as follows:

	2020				2019				2018
Federal taxes at statutory rate	$	1,127	21.0	%	$	1,001	21.0	%	$	1,136	25.6	%
State taxes, net	190		3.6		171		3.6		154		3.4
Foreign taxes, net	92		1.7		(1)		—		32		0.7
Employee stock ownership plan (ESOP)	(24)		(0.5)		(18)		(0.4)		(14)		(0.3)
2017 Tax Act	—		—		(123)		(2.6)		19		0.4
Other	(77)		(1.4)		31		0.7		(64)		(1.4)
Total	$	1,308	24.4	%	$	1,061	22.3	%	$	1,263	28.4	%

Schedule of Deferred Tax Assets and Liabilities

The components of the deferred tax assets (liabilities) are as follows:

	2020		2019
Deferred tax assets:
Equity compensation	$	80	$	74
Deferred income/membership fees	144		180
Foreign tax credit carry forward	101		65
Operating lease liabilities	832		—
Accrued liabilities and reserves	639		566
Total deferred tax assets	1,796		885
Valuation allowance	(105)		(76)
Total net deferred tax assets	1,691		809
Deferred tax liabilities:
Property and equipment	(800)		(677)
Merchandise inventories	(228)		(187)
Operating lease right-of-use assets	(801)		—
Foreign branch deferreds	(81)		(69)
Other	(40)		(21)
Total deferred tax liabilities	$	(1,950)	$	(954)
Net deferred tax liabilities	$	(259)	$	(145)

Schedule Of Gross Unrecognized Tax Benefits Table

A reconciliation of the beginning and ending amount of gross unrecognized tax benefits for 2020 and 2019 is as follows:

	2020		2019
Gross unrecognized tax benefit at beginning of year	$	27	$	36
Gross increases—current year tax positions	1		5
Gross increases—tax positions in prior years	8		2
Gross decreases—tax positions in prior years	(3)		—
Settlements	—		(4)
Lapse of statute of limitations	(3)		(12)
Gross unrecognized tax benefit at end of year	$	30	$	27