v3.25.2
Income Taxes (Tables)
 12 Months Ended
Aug. 31, 2025
Income Tax Disclosure [Abstract]  
Schedule of Income before Income Tax, Domestic and Foreign
Income before income taxes is comprised of the following:
202520242023
Domestic$8,324 $7,255 $6,264 
Foreign2,494 2,485 2,223 
Total$10,818 $9,740 $8,487 
Schedule of Components of Income Tax Expense (Benefit)
The provisions for income taxes are as follows:
202520242023
Federal:
Current$1,395 $1,245 $1,056 
Deferred(42)48 33 
Total federal1,353 1,293 1,089 
State:
Current449 431 374 
Deferred(18)(77)10 
Total state431 354 384 
Foreign:
Current955 798 732 
Deferred(20)(72)(10)
Total foreign935 726 722 
Total provision for income taxes$2,719 $2,373 $2,195 
Schedule of Effective Income Tax Rate Reconciliation
The reconciliation between the statutory tax rate and the effective rate for 2025, 2024, and 2023 is as follows:
 202520242023
Federal taxes at statutory rate$2,272 21.0 %$2,045 21.0 %$1,782 21.0 %
State taxes, net338 3.1 288 3.0 302 3.6 
Foreign taxes, net222 2.1 109 1.1 160 1.9 
Employee stock ownership plan (ESOP)(28)(0.3)(120)(1.2)(25)(0.3)
Other(85)(0.8)51 0.5 (24)(0.3)
Total$2,719 25.1 %$2,373 24.4 %$2,195 25.9 %
Schedule of Deferred Tax Assets and Liabilities
The components of the deferred tax assets (liabilities) are as follows:
20252024
Deferred tax assets:
Equity compensation$100 $96 
Deferred income/membership fees369 313 
Foreign tax credit carry forward390 315 
Operating lease liabilities699 678 
Accrued liabilities and reserves917 873 
Total deferred tax assets2,475 2,275 
Valuation allowance(554)(494)
Total net deferred tax assets1,921 1,781 
Deferred tax liabilities:
Property and equipment(944)(948)
Merchandise inventories(305)(296)
Operating lease right-of-use assets(670)(652)
Foreign branch deferreds(103)(105)
Other(31)(1)
Total deferred tax liabilities(2,053)(2,002)
Net deferred tax liabilities$(132)$(221)
Schedule Of Gross Unrecognized Tax Benefits Table
A reconciliation of the beginning and ending amount of gross unrecognized tax benefits for 2025 and 2024 is as follows:
20252024
Gross unrecognized tax benefit at beginning of year$81 $16 
Gross increases—current year tax positions9 3 
Gross increases—tax positions in prior years14 64 
Gross decreases—tax positions in prior years(38)— 
Gross decreases—settlements(1)— 
Lapse of statute of limitations— (2)
Gross unrecognized tax benefit at end of year$65 $81