Debt

8 Months Ended

May 08, 2022

Debt Disclosure [Abstract]

Debt

Note 4—Debt

The carrying value of the Company’s long-term debt consisted of the following:

	May 8, 2022		August 29, 2021
2.300% Senior Notes due May 2022	$	—	$	800
2.750% Senior Notes due May 2024	1,000		1,000
3.000% Senior Notes due May 2027	1,000		1,000
1.375% Senior Notes due June 2027	1,250		1,250
1.600% Senior Notes due April 2030	1,750		1,750
1.750% Senior Notes due April 2032	1,000		1,000
Other long-term debt	618		731
Total long-term debt	6,618		7,531
Less unamortized debt discounts and issuance costs	34		40
Less current portion(1)	77		799
Long-term debt, excluding current portion	$	6,507	$	6,692

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(1)Net of unamortized debt discounts and issuance costs.

The fair value of the 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 $6,000 and $7,692 at May 8, 2022, and August 29, 2021, respectively.

On December 1, 2021, the Company repaid, prior to maturity, the 2.300% Senior Notes at a redemption price plus accrued interest as specified in the Notes' agreement.