Leases (Tables)
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12 Months Ended |
Aug. 29, 2026 |
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| Leases |
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| Lease related assets and liabilities recorded on the Balance Sheet |
| | | | | | | | | (in thousands) | | Classification | | August 29, 2026 | | August 30, 2025 | | | | | | | | | | Assets: | | | | | | | | | Operating | | Operating lease right-of-use assets | | $ | 3,470,379 | | $ | 3,194,666 | Finance | | Property and equipment | | | 549,386 | | | 528,760 | Total lease assets | | | | $ | 4,019,765 | | $ | 3,723,426 | Liabilities: | | | | | | | | | Current: | | | | | | | | | Operating | | Current portion of operating lease liabilities | | $ | 300,102 | | $ | 283,564 | Finance | | Accrued expenses and other | | | 114,873 | | | 111,521 | Noncurrent: | | | | | | | | | Operating | | Operating lease liabilities, less current portion | | | 3,369,119 | | | 3,093,936 | Finance | | Other long-term liabilities | | | 302,455 | | | 288,419 | Total lease liabilities | | | | $ | 4,086,549 | | $ | 3,777,440 |
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| Lease Cost |
| | | | | | | | | | | | | For the year ended | (in thousands) | | Statement of Income Location | | August 29, 2026 | | August 30, 2025 | | | | | | | | | | Finance lease cost: | | | | | | | | | Amortization of lease assets | | Depreciation and amortization | | $ | 106,122 | | $ | 98,597 | Interest on lease liabilities | | Interest expense, net | | | 19,005 | | | 21,204 | Operating lease cost(1) | | Selling, general and administrative expenses | | | 548,007 | | | 506,824 | Total lease cost | | | | $ | 673,134 | | $ | 626,625 |
| (1) | Includes short-term leases, variable lease costs and sublease income, which are immaterial. |
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| Schedule of future maturities of finance lease liability |
The future rental payments, inclusive of renewal options that have been included in defining the expected lease term, of our operating and finance lease obligations as of August 29, 2026, having initial or remaining lease terms in excess of one year are as follows: | | | | | | | | | | | | Finance | | Operating | | | (in thousands) | | Leases | | Leases | | Total | | | | | | | | | | | 2027 | | $ | 116,099 | | $ | 469,893 | | $ | 585,992 | 2028 | | | 125,771 | | | 504,930 | | | 630,701 | 2029 | | | 107,612 | | | 480,002 | | | 587,614 | 2030 | | | 66,379 | | | 454,948 | | | 521,327 | 2031 | | | 26,137 | | | 421,101 | | | 447,238 | Thereafter | | | 35,634 | | | 2,616,917 | | | 2,652,551 | Total lease payments | | | 477,632 | | | 4,947,791 | | | 5,425,423 | Less: Interest | | | (60,304) | | | (1,278,570) | | | (1,338,874) | Present value of lease liabilities | | $ | 417,328 | | $ | 3,669,221 | | $ | 4,086,549 |
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| Schedule of future maturities of operating lease liability |
The future rental payments, inclusive of renewal options that have been included in defining the expected lease term, of our operating and finance lease obligations as of August 29, 2026, having initial or remaining lease terms in excess of one year are as follows: | | | | | | | | | | | | Finance | | Operating | | | (in thousands) | | Leases | | Leases | | Total | | | | | | | | | | | 2027 | | $ | 116,099 | | $ | 469,893 | | $ | 585,992 | 2028 | | | 125,771 | | | 504,930 | | | 630,701 | 2029 | | | 107,612 | | | 480,002 | | | 587,614 | 2030 | | | 66,379 | | | 454,948 | | | 521,327 | 2031 | | | 26,137 | | | 421,101 | | | 447,238 | Thereafter | | | 35,634 | | | 2,616,917 | | | 2,652,551 | Total lease payments | | | 477,632 | | | 4,947,791 | | | 5,425,423 | Less: Interest | | | (60,304) | | | (1,278,570) | | | (1,338,874) | Present value of lease liabilities | | $ | 417,328 | | $ | 3,669,221 | | $ | 4,086,549 |
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| Lease Term and Discount Rate Assumptions |
| | | | | | August 29, 2026 | | | | | | Weighted-average remaining lease term in years, inclusive of renewal options that are reasonably certain to be exercised: | | | | Finance leases – real estate | | 20 | | Finance leases – vehicles | | 4 | | Operating leases | | 12 | | Weighted-average discount rate: | | | | Finance leases – real estate | | 3.85 | % | Finance leases – vehicles | | 5.02 | % | Operating leases | | 4.91 | % |
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