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Income Taxes (Tables)
12 Months Ended
Sep. 03, 2023
Income Tax Disclosure [Abstract]  
Schedule of Income before Income Tax, Domestic and Foreign Income before income taxes is comprised of the following:202320222021Domestic$6,264 $5,759 $4,931 Foreign2,223 2,081 1,749 Total$8,487 $7,840 $6,680 
Schedule of Components of Income Tax Expense (Benefit) The provisions for income taxes are as follows:202320222021Federal:Current$1,056 $798 $718 Deferred33 (35)84 Total federal1,089 763 802 State:Current374 333 265 Deferred10 (5)11 Total state384 328 276 Foreign:Current732 851 557 Deferred(10)(17)(34)Total foreign722 834 523 Total provision for income taxes$2,195 $1,925 $1,601 
Schedule of Effective Income Tax Rate Reconciliation The reconciliation between the statutory tax rate and the effective rate for 2023, 2022, and 2021 is as follows: 202320222021Federal taxes at statutory rate$1,782 21.0 %$1,646 21.0 %$1,403 21.0 %State taxes, net302 3.6 267 3.4 243 3.6 Foreign taxes, net160 1.9 231 3.0 92 1.4 Employee stock ownership plan (ESOP)(25)(0.3)(23)(0.3)(91)(1.3)Other(24)(0.3)(196)(2.5)(46)(0.7)Total$2,195 25.9 %$1,925 24.6 %$1,601 24.0 %
Schedule of Deferred Tax Assets and Liabilities The components of the deferred tax assets (liabilities) are as follows:20232022Deferred tax assets:Equity compensation$89 $84 Deferred income/membership fees309 302 Foreign tax credit carry forward250 201 Operating lease liabilities678 727 Accrued liabilities and reserves761 694 Other20 5 Total deferred tax assets2,107 2,013 Valuation allowance(422)(313)Total net deferred tax assets1,685 1,700 Deferred tax liabilities:Property and equipment(867)(962)Merchandise inventories(380)(231)Operating lease right-of-use assets(655)(701)Foreign branch deferreds(87)(85)Total deferred tax liabilities(1,989)(1,979)       Net deferred tax liabilities$(304)$(279)
Schedule Of Gross Unrecognized Tax Benefits Table A reconciliation of the beginning and ending amount of gross unrecognized tax benefits for 2023 and 2022 is as follows:20232022Gross unrecognized tax benefit at beginning of year$16 $33 Gross increases—current year tax positions1 1 Gross increases—tax positions in prior years11 12 Gross decreases—tax positions in prior years(11)(12)Gross decreases—settlements— (12)Lapse of statute of limitations(1)(6)Gross unrecognized tax benefit at end of year$16 $16