Costco Wholesale (COST) 10-Q31 May 232023 Q3 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	8 Months Ended
Cover - shares	May 07, 2023	May 24, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	May 07, 2023
Document Fiscal Year Focus	2023
Document Transition Report	false
Entity File Number	0-20355
Entity Registrant Name	COSTCO WHOLESALE CORP /NEW
Entity Incorporation, State or Country Code	WA
Entity Tax Identification Number	91-1223280
Entity Address, Address Line One	999 Lake Drive
Entity Address, City or Town	Issaquah
Entity Address, State or Province	WA
Entity Address, Postal Zip Code	98027
City Area Code	425
Local Phone Number	313-8100
Title of 12(b) Security	Common Stock, $.005 Par Value
Trading Symbol	COST
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		443,148,481
Amendment Flag	false
Document Fiscal Period Focus	Q3
Entity Central Index Key	0000909832
Current Fiscal Year End Date	--09-03

Condensed Consolidated Statemen

Condensed Consolidated Statements Of Income - USD ($) shares in Thousands, $ in Millions	3 Months Ended		8 Months Ended
	May 07, 2023	May 08, 2022	May 07, 2023	May 08, 2022
REVENUE
Total Revenue	$ 53,648	$ 52,596	$ 163,351	$ 154,863
OPERATING EXPENSES
Merchandise costs	47,175	46,355	143,367	135,824
Selling, general and administrative	4,794	4,450	14,651	13,743
Operating income	1,679	1,791	5,333	5,296
OTHER INCOME (EXPENSE)
Interest expense	(36)	(35)	(104)	(110)
Interest income and other, net	128	71	295	138
INCOME BEFORE INCOME TAXES	1,771	1,827	5,524	5,324
Provision for income taxes	469	455	1,392	1,287
Net income including noncontrolling interests	1,302	1,372	4,132	4,037
Net income attributable to noncontrolling interests	0	(19)	0	(61)
NET INCOME ATTRIBUTABLE TO COSTCO	$ 1,302	$ 1,353	$ 4,132	$ 3,976
NET INCOME PER COMMON SHARE ATTRIBUTABLE TO COSTCO:
Basic (in dollars per share)	$ 2.94	$ 3.05	$ 9.31	$ 8.96
Diluted (in dollars per share)	$ 2.93	$ 3.04	$ 9.30	$ 8.94
Shares used in calculation (000's)
Basic (shares)	443,814	443,700	443,843	443,567
Diluted (shares)	444,360	444,886	444,455	444,802
Net Sales
REVENUE
Total Revenue	$ 52,604	$ 51,612	$ 160,280	$ 151,966
Membership fees
REVENUE
Total Revenue	$ 1,044	$ 984	$ 3,071	$ 2,897

Condensed Consolidated Statem_2

Condensed Consolidated Statements Of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		8 Months Ended
	May 07, 2023	May 08, 2022	May 07, 2023	May 08, 2022
Statement of Comprehensive Income [Abstract]
NET INCOME INCLUDING NONCONTROLLING INTERESTS	$ 1,302	$ 1,372	$ 4,132	$ 4,037
Foreign-currency translation adjustment and other, net	(8)	(388)	149	(495)
Comprehensive income	1,294	984	4,281	3,542
Less: Comprehensive income attributable to noncontrolling interests	0	(13)	0	31
COMPREHENSIVE INCOME ATTRIBUTABLE TO COSTCO	$ 1,294	$ 997	$ 4,281	$ 3,511

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)		May 07, 2023	Aug. 28, 2022
CURRENT ASSETS
Cash and cash equivalents		$ 12,493,000,000	$ 10,203,000,000
Short-term investments		1,215,000,000	846,000,000
Receivables, net		2,502,000,000	2,241,000,000
Merchandise inventories		16,324,000,000	17,907,000,000
Other current assets		1,755,000,000	1,499,000,000
Total current assets		34,289,000,000	32,696,000,000
OTHER ASSETS
Property and equipment, net		25,931,000,000	24,646,000,000
Operating lease right-of-use assets		2,806,000,000	2,774,000,000
Other long-term assets		3,726,000,000	4,050,000,000
TOTAL ASSETS		66,752,000,000	64,166,000,000
CURRENT LIABILITIES
Accounts payable		16,853,000,000	17,848,000,000
Accrued salaries and benefits		4,117,000,000	4,381,000,000
Accrued member rewards		2,076,000,000	1,911,000,000
Deferred membership fees		2,436,000,000	2,174,000,000
Current portion of long-term debt	[1]	0	73,000,000
Other current liabilities		6,226,000,000	5,611,000,000
Total current liabilities		31,708,000,000	31,998,000,000
OTHER LIABILITIES
Long-term debt, excluding current portion		6,497,000,000	6,484,000,000
Long-term operating lease liabilities		2,507,000,000	2,482,000,000
Other long-term liabilities		2,467,000,000	2,555,000,000
TOTAL LIABILITIES		43,179,000,000	43,519,000,000
EQUITY
Preferred stock $.005 par value; 100,000,000 shares authorized; no shares issued and outstanding		0	0
Common stock $0.005 par value; 900,000,000 shares authorized; 443,222,000 and 442,664,000 shares issued and outstanding		2,000,000	2,000,000
Additional paid-in capital		7,211,000,000	6,884,000,000
Accumulated other comprehensive loss		(1,680,000,000)	(1,829,000,000)
Retained earnings		18,035,000,000	15,585,000,000
Total Costco stockholders' equity		23,568,000,000	20,642,000,000
Noncontrolling interests		5,000,000	5,000,000
TOTAL EQUITY		23,573,000,000	20,647,000,000
TOTAL LIABILITIES AND EQUITY		$ 66,752,000,000	$ 64,166,000,000

[1]Net of unamortized debt discounts and issuance costs

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	May 07, 2023	Aug. 28, 2022
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.005	$ 0.005
Preferred stock, shares authorized	100,000,000	100,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.005	$ 0.005
Common stock, shares authorized	900,000,000	900,000,000
Common Stock, Shares, Issued	443,222,000	442,664,000
Common Stock, Shares, Outstanding	443,222,000	442,664,000

Consolidated Statement of Stock

Consolidated Statement of Stockholders' Equity Statement - USD ($) shares in Thousands, $ in Millions	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Parent [Member]	Noncontrolling Interest [Member]
Common Stock at beginning of period (shares) at Aug. 29, 2021		441,825
Equity at beginning of period at Aug. 29, 2021	$ 18,078	$ 4	$ 7,031	$ (1,137)	$ 11,666	$ 17,564	$ 514
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	4,037				3,976	3,976	61
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	(495)			(465)		(465)	(30)
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	609		609			609
Stock Issued During Period, Shares, Restricted Stock Award, Gross		1,694
Stock Issued During Period, Value, Stock Options Exercised	$ (360)		(360)			(360)
Stock Repurchased and Retired During Period, Shares	(490)	(490)
Stock Repurchased and Retired During Period, Value	$ (257)		(8)		(249)	(257)
Cash dividends declared	(1,099)				(1,099)	(1,099)
Common Stock at end of period (shares) at May. 08, 2022		443,029
Equity at end of period at May. 08, 2022	20,513	$ 4	7,272	(1,602)	14,294	19,968	545
Common Stock at beginning of period (shares) at Feb. 13, 2022		443,279
Equity at beginning of period at Feb. 13, 2022	19,976	$ 4	7,186	(1,246)	13,474	19,418	558
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	1,372				1,353	1,353	19
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	(388)			(356)		(356)	(32)
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	91		91			91
Stock Issued During Period, Shares, Restricted Stock Award, Gross		4
Stock Issued During Period, Value, Stock Options Exercised	$ (1)		(1)			(1)
Stock Repurchased and Retired During Period, Shares	(254)	(254)
Stock Repurchased and Retired During Period, Value	$ (139)		(4)		(135)	(139)
Cash dividends declared	(398)				(398)	(398)
Common Stock at end of period (shares) at May. 08, 2022		443,029
Equity at end of period at May. 08, 2022	$ 20,513	$ 4	7,272	(1,602)	14,294	19,968	545
Common Stock at beginning of period (shares) at Aug. 28, 2022	442,664	442,664
Equity at beginning of period at Aug. 28, 2022	$ 20,647	$ 2	6,884	(1,829)	15,585	20,642	5
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	4,132				4,132	4,132
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	149			149		149
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	645		645			645
Stock Issued During Period, Shares, Restricted Stock Award, Gross		1,466
Stock Issued During Period, Value, Stock Options Exercised	$ (302)		(302)			(302)
Stock Repurchased and Retired During Period, Shares	(908)	(908)
Stock Repurchased and Retired During Period, Value	$ (447)		(16)		(431)	(447)
Cash dividends declared	$ (1,251)				(1,251)	(1,251)
Common Stock at end of period (shares) at May. 07, 2023	443,222	443,222
Equity at end of period at May. 07, 2023	$ 23,573	$ 2	7,211	(1,680)	18,035	23,568	5
Common Stock at beginning of period (shares) at Feb. 12, 2023		443,550
Equity at beginning of period at Feb. 12, 2023	22,799	$ 2	7,123	(1,672)	17,341	22,794	5
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	1,302				1,302	1,302	0
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	(8)			(8)		(8)	0
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	94		94			94
Stock Issued During Period, Shares, Restricted Stock Award, Gross		1
Stock Issued During Period, Value, Stock Options Exercised	$ 0		0			0
Stock Repurchased and Retired During Period, Shares	(329)	(329)
Stock Repurchased and Retired During Period, Value	$ (162)		(6)		(156)	(162)
Cash dividends declared	$ (452)				(452)	(452)
Common Stock at end of period (shares) at May. 07, 2023	443,222	443,222
Equity at end of period at May. 07, 2023	$ 23,573	$ 2	$ 7,211	$ (1,680)	$ 18,035	$ 23,568	$ 5

Condensed Consolidated Statem_3

Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Millions	8 Months Ended
	May 07, 2023	May 08, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net income including noncontrolling interests	$ 4,132	$ 4,037
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operating activities:
Depreciation and amortization	1,389	1,299
Non-cash lease expense	300	240
Stock-based compensation	643	606
Other non-cash operating activities, net	72	(62)
Loss on retirement and impairment of assets	391	118
Deferred income taxes	(22)	(2)
Changes in operating assets and liabilities:
Merchandise inventories	1,596	(3,633)
Accounts payable	(872)	1,766
Other operating assets and liabilities, net	(286)	517
Net cash provided by operating activities	7,343	4,886
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of short-term investments	(947)	(588)
Maturities of short-term investments	594	840
Additions to property and equipment	(2,767)	(2,632)
Other investing activities, net	(27)	(48)
Net cash used in investing activities	(3,147)	(2,428)
CASH FLOWS FROM FINANCING ACTIVITIES
Repayments of short-term debt	(698)	(195)
Proceeds from short-term debt	667	175
Repayments of long-term debt	(75)	(800)
Tax withholdings on stock-based awards	(302)	(360)
Repurchases of common stock	(446)	(254)
Cash dividend payments	(799)	(701)
Other financing activities, net	(297)	(208)
Net cash used in financing activities	(1,950)	(2,343)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	44	(180)
Net change in cash and cash equivalents	2,290	(65)
CASH AND CASH EQUIVALENTS BEGINNING OF YEAR	10,203	11,258
CASH AND CASH EQUIVALENTS END OF PERIOD	12,493	11,193
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest	86	102
Income taxes, net	1,443	1,121
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES:
Cash dividend declared, but not yet paid	452	398
Financing lease assets obtained in exchange for new or modified leases	101	631
Operating lease assets obtained in exchange for new or modified leases	$ 160	$ 67

Summary of Significant Accounti

Summary of Significant Accounting Policies	8 Months Ended
Summary of Significant Accounting Policies	May 07, 2023
Accounting Policies [Abstract]
Summary of Significant Policies	Note 1—Summary of Significant Accounting Policies Description of Business Costco Wholesale Corporation (Costco or the Company), a Washington corporation, and its subsidiaries operate membership warehouses based on the concept that offering members low prices on a limited selection of nationally-branded and private-label products in a wide range of merchandise categories will produce high sales volumes and rapid inventory turnover. At May 7, 2023, Costco operated 852 warehouses worldwide: 586 in the United States (U.S.) located in 46 states, Washington, D.C., and Puerto Rico, 107 in Canada, 40 in Mexico, 32 in Japan, 29 in the United Kingdom (U.K.), 18 in Korea, 14 in Taiwan, 14 in Australia, four in Spain, three in China, two in France, and one each in Iceland, New Zealand, and Sweden. The Company operates e-commerce websites in the U.S., Canada, U.K., Mexico, Korea, Taiwan, Japan, and Australia. Basis of Presentation The condensed consolidated financial statements include the accounts of Costco, its wholly-owned subsidiaries, and a subsidiary in which it has a controlling interest. All material inter-company transactions among the Company and its consolidated subsidiaries have been eliminated in consolidation. Unless otherwise noted, references to net income relate to net income attributable to Costco. These unaudited condensed consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q for interim financial reporting pursuant to the rules and regulations of the Securities and Exchange Commission (SEC). While these statements reflect all normal recurring adjustments that are, in the opinion of management, necessary for fair presentation of the results of the interim period, they do not include all of the information and footnotes required by U.S. generally accepted accounting principles (U.S. GAAP) for complete financial statements. Therefore, the interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes included in the Company's Annual Report on Form 10-K for the fiscal year ended August 28, 2022. Fiscal Year End The Company operates on a 52/53 week fiscal year basis, with the fiscal year ending on the Sunday closest to August 31. Fiscal 2023 is a 53-week year ending on September 3, 2023. References to the third quarter of 2023 and 2022 relate to the 12-week fiscal quarters ended May 7, 2023, and May 8, 2022. References to the first thirty-six weeks of 2023 and 2022 relate to the 36 weeks ended May 7, 2023, and May 8, 2022. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. These estimates and assumptions take into account historical and forward-looking factors that the Company believes are reasonable. Actual results could differ from those estimates and assumptions. Reclassification Reclassifications were made to the condensed consolidated statement of cash flows for the first thirty-six weeks of 2022 to conform with current year presentation. Leases The Company leases land, buildings, equipment, and other assets at warehouses, offices, or within the operations that support supply chain and distribution channels. The Company reviews lease right-of-use assets for impairment when events or changes in circumstances indicate that the carrying amount of the asset group may not be fully recoverable. The Company also occasionally revisits and modifies the terms of its leasing arrangements. During the first quarter and third quarter of 2023, the Company recognized charges of $93 and $298, primarily related to the impairment of certain leased assets associated with charter shipping activities. This charge is included in merchandise costs.

Investments

Investments	8 Months Ended
Investments	May 07, 2023
Investments, Debt and Equity Securities [Abstract]
Investments	Note 2—Investments The Company's investments were as follows: May 7, 2023: Cost Unrealized Recorded Available-for-sale: Government and agency securities $ 602 $ (2) $ 600 Held-to-maturity: Certificates of deposit 615 — 615 Total short-term investments $ 1,217 $ (2) $ 1,215 August 28, 2022: Cost Unrealized Recorded Available-for-sale: Government and agency securities $ 534 $ (5) $ 529 Held-to-maturity: Certificates of deposit 317 — 317 Total short-term investments $ 851 $ (5) $ 846 Gross unrecognized holding gains and losses on available-for-sale securities were not material for the periods ended May 7, 2023, and August 28, 2022 . At those dates, there were no available-for-sale securities in a material continuous unrealized-loss position. There were no sales of available-for-sale securities during the first thirty-six weeks of 2023 or 2022. The maturities of available-for-sale and held-to-maturity securities at May 7, 2023 are as follows: Available-For-Sale Held-To-Maturity Cost Basis Fair Value Due in one year or less $ 126 $ 125 $ 615 Due after one year through five years 324 324 — Due after five years 152 151 — Total $ 602 $ 600 $ 615

Fair Value Measurement

Fair Value Measurement	8 Months Ended
Fair Value Measurement	May 07, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurement	Note 3—Fair Value Measurement Assets and Liabilities Measured at Fair Value on a Recurring Basis The table below presents information regarding financial assets and liabilities that are measured at fair value on a recurring basis and indicates the level within the fair-value hierarchy reflecting the valuation techniques utilized. Level 2 May 7, August 28, Investment in government and agency securities $ 600 $ 529 Forward foreign-exchange contracts, in asset position (1) 6 34 Forward foreign-exchange contracts, in (liability) position (1) (11) (2) Total $ 595 $ 561 _______________ (1) The asset and liability values are included in other current assets and other current liabilities, respectively, in the accompanying condensed consolidated balance sheets. At May 7, 2023, and August 28, 2022, the Company did not hold any Level 1 or 3 financial assets or liabilities that were measured at fair value on a recurring basis. There were no transfers between levels during the first thirty-six weeks of 2023 or 2022. Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis Assets and liabilities recognized and disclosed at fair value on a nonrecurring basis include items such as financial assets measured at amortized cost and long-lived nonfinancial assets. These assets are measured at fair value if determined to be impaired. Please see Note 1 for additional information.

Debt

Debt	8 Months Ended
Debt	May 07, 2023
Debt Disclosure [Abstract]
Debt	Note 4—Debt The carrying value of the Company’s long-term debt consisted of the following: May 7, August 28, 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 525 590 Total long-term debt 6,525 6,590 Less unamortized debt discounts and issuance costs 28 33 Less current portion (1) — 73 Long-term debt, excluding current portion $ 6,497 $ 6,484 _______________ (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 $5,907 and $6,033 at May 7, 2023, and August 28, 2022.

Equity

Equity	3 Months Ended
Equity	May 07, 2023
Equity [Abstract]
Stockholders' equity	Note 5—Equity Dividends A quarterly cash dividend of $1.02 per share was declared on April 19, 2023 and paid on May 19, 2023. The Company's quarterly dividend was $0.90 per share in the third quarter of 2022 and dividends totaled $2.82 and $2.48 per share in the first thirty-six weeks of 2023 and 2022. Share Repurchase Program The Company's share repurchase program is conducted under a $4,000 authorization by the Board of Directors, which expires in January 2027. At May 7, 2023, the remaining amount available under the program was $3,793. The following table summarizes the Company's stock repurchase activity: Shares Repurchased (000s) Average Price per Share Total Cost Third quarter of 2023 329 $ 492.71 $ 162 First thirty-six weeks of 2023 908 $ 492.30 $ 447 Third quarter of 2022 254 $ 547.38 $ 139 First thirty-six weeks of 2022 490 $ 523.61 $ 257

Stock-Based Compensation Plans

Stock-Based Compensation Plans	8 Months Ended
Stock-Based Compensation Plans	May 07, 2023
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation Plans	Note 6—Stock-Based Compensation The 2019 Incentive Plan authorized the issuance of 17,500,000 shares (10,000,000 RSUs) of common stock for future grants, plus the remaining shares that were available for grant and the future forfeited shares from grants under the previous plan, up to a maximum of 27,800,000 shares (15,885,000 RSUs). The Company issues new shares of common stock upon vesting of RSUs. Shares for vested RSUs are generally delivered to participants annually, net of shares withheld for taxes. Summary of Restricted Stock Unit Activity At May 7, 2023, 8,724,000 shares were available to be granted as RSUs, and the following awards were outstanding: • 2,898,000 time-based RSUs, which vest upon continued employment over specified periods and accelerate upon achievement of a long-service term; • 41,000 performance-based RSUs granted to executive officers of the Company, for which the performance targets have been met. The awards vest upon continued employment over specified periods of time and upon achievement of a long-service term; and • 135,000 performance-based RSUs granted to executive officers of the Company, subject to achievement of performance targets for fiscal 2023, as determined by the Compensation Committee of the Board of Directors after the end of the fiscal year. These awards are included in the table below. The Company recognized compensation expense for these awards in the third quarter of 2023, as it is currently deemed probable that the targets will be achieved. The following table summarizes RSU transactions during the first thirty-six weeks of 2023: Number of Weighted-Average Outstanding at August 28, 2022 3,449 $ 338.41 Granted 1,814 471.47 Vested and delivered (2,096) 352.56 Forfeited (93) 396.50 Outstanding at May 7, 2023 3,074 $ 405.51 The remaining unrecognized compensation cost related to RSUs unvested at May 7, 2023, was $930, and the weighted-average period over which this cost will be recognized is 1.7 years. Summary of Stock-Based Compensation The following table summarizes stock-based compensation expense and the related tax benefits: 12 Weeks Ended 36 Weeks Ended May 7, May 8, May 7, May 8, Stock-based compensation expense $ 94 $ 90 $ 643 $ 606 Less recognized income tax benefits 21 20 134 128 Stock-based compensation expense, net $ 73 $ 70 $ 509 $ 478

Net Income per Common and Commo

Net Income per Common and Common Equivalent Share	8 Months Ended
Net Income per Common and Common Equivalent Share	May 07, 2023
Earnings Per Share [Abstract]
Net Income Per Common and Common Equivalent Share	Note 7—Net Income per Common and Common Equivalent Share The following table shows the amounts used in computing net income per share and the weighted average number of shares of basic and of potentially dilutive common shares outstanding (shares in 000s): 12 Weeks Ended 36 Weeks Ended May 7, May 8, May 7, May 8, Net income attributable to Costco $ 1,302 $ 1,353 $ 4,132 $ 3,976 Weighted average basic shares 443,814 443,700 443,843 443,567 RSUs 546 1,186 612 1,235 Weighted average diluted shares 444,360 444,886 444,455 444,802

Commitments and Contingencies

Commitments and Contingencies	8 Months Ended
Commitments and Contingencies	May 07, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 8—Commitments and Contingencies Legal Proceedings The Company is involved in a number of claims, proceedings and litigations arising from its business and property ownership. In accordance with applicable accounting guidance, the Company establishes an accrual for legal proceedings if and when those matters present loss contingencies that are both probable and reasonably estimable. There may be exposure to loss in excess of amounts accrued. The Company monitors those matters for developments that would affect the likelihood of a loss (taking into account where applicable indemnification arrangements concerning suppliers and insurers) and the accrued amount, if any, thereof, and adjusts the amount as appropriate. The Company has recorded immaterial accruals with respect to certain matters described below, in addition to other immaterial accruals for matters not described below. If the loss contingency at issue is not both probable and reasonably estimable, the Company does not establish an accrual, but will monitor the matter for developments that will make the contingency both probable and reasonably estimable. In each case, there is a reasonable possibility that a loss may be incurred, including a loss in excess of the applicable accrual. For matters where no accrual has been recorded, the possible loss or range of loss (including any loss in excess of the accrual) cannot, in the Company's view, be reasonably estimated because, among other things: (i) the remedies or penalties sought are indeterminate or unspecified; (ii) the legal and/or factual theories are not well developed; and/or (iii) the matters involve complex or novel legal theories or a large number of parties. The Company is a defendant in an action commenced in July 2013 under the California Labor Code Private Attorneys General Act (PAGA) alleging violation of California Wage Order 7-2001 for failing to provide seating to employees who work at entrance and exit doors in California warehouses. Canela v. Costco Wholesale Corp. (Case No. 2013-1-CV-248813; Santa Clara Superior Court). The complaint seeks relief under the California Labor Code, including civil penalties and attorneys’ fees. The Company filed an answer denying the material allegations of the complaint. On April 26, 2023, the court entered a final judgment in favor of the Company. In December 2018, a depot employee raised similar claims, alleging that depot employees in California did not receive suitable seating or reasonably comfortable workplace temperature conditions. Lane v. Costco Wholesale Corp. (Case No. CIVDS 1908816; San Bernardino Superior Court). In October 2019, the parties settled for an immaterial amount the seating claims on a representative basis, which received court approval in February 2020. The parties settled the temperature claims for an immaterial amount in April 2022, and court approval was received in May 2022. In June 2022, a business center employee raised similar claims, alleging failure to provide seating to employees who work at membership refund desks in California warehouses and business centers. Rodriguez v. Costco Wholesale Corp. (Case No. 22CV012847; Alameda Superior Court). The complaint seeks relief under the California Labor Code, including civil penalties and attorneys' fees. The Company filed an answer denying the material allegations of the complaint. In March 2019, employees filed a class action against the Company alleging claims under California law for failure to pay overtime, to provide meal and rest periods and itemized wage statements, to timely pay wages due to terminating employees, to pay minimum wages, and for unfair business practices. Relief is sought under the California Labor Code, including civil penalties and attorneys' fees. Nevarez v. Costco Wholesale Corp. (Case No. 2:19-cv-03454; C.D. Cal.). The Company filed an answer denying the material allegations of the complaint. In December 2019, the court issued an order denying class certification. In January 2020, the plaintiffs dismissed their Labor Code claims without prejudice, and the court remanded the action to state court. Settlement for an immaterial amount was agreed upon in February 2021. Final court approval of the settlement was granted on May 3, 2022. A proposed intervenor appealed the denial of her motion to intervene. Her appeal was dismissed on February 15, 2023. In May 2019, an employee filed a class action against the Company alleging claims under California law for failure to pay overtime, to provide itemized wage statements, to timely pay wages due to terminating employees, to pay minimum wages, and for unfair business practices. Rough v. Costco Wholesale Corp . (Case No. 2:19-cv-01340; E.D. Cal.). Relief is sought under the California Labor Code, including civil penalties and attorneys' fees. In September 2021, the court granted Costco’s motion for partial summary judgment and denied class certification. In August 2019, the plaintiff filed a companion case in state court seeking penalties under PAGA. Rough v. Costco Wholesale Corp. (Case No. FCS053454; Sonoma County Superior Court). Relief is sought under the California Labor Code, including civil penalties and attorneys' fees. The state court action has been stayed pending resolution of the federal action. In December 2020, a former employee filed suit against the Company asserting collective and class claims on behalf of non-exempt employees under the Fair Labor Standards Act and New York Labor Law for failure to pay for all hours worked, failure to pay certain non-exempt employees on a weekly basis, and failure to provide proper wage statements and notices. The plaintiff also asserted individual retaliation claims. Cappadora v. Costco Wholesale Corp. (Case No. 1:20-cv-06067; E.D.N.Y.). An amended complaint was filed, and the Company denied the material allegations of the amended complaint. Based on an agreement in principle concerning settlement of the matter, involving a proposed payment by the Company of an immaterial amount, the federal action has been dismissed. In April 2022, Cappadora and a second plaintiff filed an action against the Company in New York state court, asserting the same class claims asserted in the federal action under the New York Labor Law and seeking preliminary approval of the class settlement. Cappadora and Sancho v. Costco Wholesale Corp. (Index No. 604757/2022; Nassau County Supreme Court). Following final approval of the settlement, the case was dismissed on April 14, 2023. In August 2021, a former employee filed a similar suit, asserting class claims on behalf of certain non-exempt employees under New York Labor Law for failure to pay on a weekly basis. Umadat v. Costco Wholesale Corp. (Case No. 2:21-cv-4814; E.D.N.Y.). The Company filed an answer, denying the material allegations of the complaint. In April 2022, a former employee filed a similar suit, asserting class claims on behalf of certain non-exempt employees under New York Labor Law, as well as under the Fair Labor Standards Act, for failure to pay on a weekly basis and failure to pay overtime. Burian v. Costco Wholesale Corp. (Case No. 2:22-cv-02108; E.D.N.Y.). In September 2022, an amended complaint was filed, asserting class claims on behalf of certain non-exempt employees under New York Labor Law for failure to pay on a weekly basis. In April 2023 the case was settled on an individual basis for an immaterial amount. In February 2021, a former employee filed a class action against the Company alleging violations of California Labor Code regarding payment of wages, meal and rest periods, wage statements, reimbursement of expenses, payment of final wages to terminated employees, and for unfair business practices. Edwards v. Costco Wholesale Corp. (Case No. 5:21-cv-00716: C.D. Cal.). In May 2021, the Company filed a motion to dismiss the complaint, which was granted with leave to amend. In June 2021, the plaintiff filed an amended complaint, which the Company moved to dismiss. The court granted the motion in part in July 2021 with leave to amend. In August 2021, the plaintiff filed a second amended complaint and filed a separate representative action under PAGA asserting the same Labor Code claims and seeking civil penalties and attorneys' fees. The Company filed an answer to the second amended class action complaint, denying the material allegations. The Company also filed an answer to the PAGA representative action, denying the material allegations. On September 27, 2022, the parties reached a settlement for an immaterial amount. A hearing for final court approval is set for September 11, 2023. In July 2021, a former temporary staffing employee filed a class action against the Company and a staffing company alleging violations of the California Labor Code regarding payment of wages, meal and rest periods, wage statements, the timeliness of wages and final wages, and for unfair business practices. Dimas v. Costco Wholesale Corp. (Case No. STK-CV-UOE-2021-0006024; San Joaquin Superior Court). The Company has moved to compel arbitration of the plaintiff's individual claims and to dismiss the class action complaint. On September 7, 2021, the same plaintiff filed a separate representative action under PAGA, asserting the same Labor Code violations and seeking civil penalties and attorneys' fees. The case has been stayed pending arbitration of the plaintiff’s individual claims. In September 2021, an employee filed a class action against the Company alleging violations of the California Labor Code regarding failure to provide sick pay, failure to timely pay wages due at separation from employment, and for violations of California's unfair competition law. De Benning v. Costco Wholesale Corp. (Case No. 34-2021-00309030-CU-OE-GDS; Sacramento Superior Court). The Company answered the complaint in January 2022, denying its material allegations. In April 2022, a settlement for an immaterial amount was agreed upon, subject to court approval. Final approval of the settlement was granted on February 10, 2023. In March 2022, an employee filed a class action against the Company alleging violations of the California Labor Code regarding the failure to: pay wages, provide meal and rest periods, provide accurate wage statements, timely pay final wages, and reimburse business expenses. Diaz v. Costco Wholesale Corp. (Case No. 22STCV09513; Los Angeles Superior Court). The Company filed an answer denying the material allegations. In December 2022, the case was settled for an immaterial amount. In May 2022, an employee filed a PAGA-only representative action against the Company alleging claims under the California Labor Code regarding the payment of wages, meal and rest periods, the timeliness of wages and final wages, wage statements, accurate records and business expenses. Gonzalez v. Costco Wholesale Corp. (Case No. 22AHCV00255; Los Angeles Superior Court). The Company filed an answer denying the allegations. Beginning in December 2017, the United States Judicial Panel on Multidistrict Litigation consolidated numerous cases concerning the impacts of opioid abuses filed against various defendants by counties, cities, hospitals, Native American tribes, third-party payors, and others. In re National Prescription Opiate Litigation (MDL No. 2804) (N.D. Ohio). Included are cases filed against the Company by counties and cities in Michigan, New Jersey, Oregon, Virginia and South Carolina, a third-party payor in Ohio, and a hospital in Texas, class actions filed on behalf of infants born with opioid-related medical conditions in 40 states, and class actions and individual actions filed on behalf of individuals seeking to recover alleged increased insurance costs associated with opioid abuse in 43 states and American Samoa. Claims against the Company filed in federal court outside the MDL have been asserted by certain counties and cities in Florida and Georgia; claims filed by certain cities and counties in New York are pending in state court. Claims against the Company in state courts in New Jersey, Oklahoma, Utah, and Arizona have been dismissed. The Company is defending all of the pending matters. Members of the Board of Directors, six corporate officers and the Company are defendants in a shareholder derivative action filed in June 2022 related to chicken welfare and alleged breaches of fiduciary duties. Smith, et ano. v. Vachris , et al., Superior Court of the State of Washington, County of King, No, 22-2-08937-7SEA. The complaint seeks from the individual defendants damages, injunctive relief, costs, and attorneys' fees. On March 28, 2023, the court granted the defendants’ motion to dismiss the action. The Company does not believe that any pending claim, proceeding or litigation, either alone or in the aggregate, will have a material adverse effect on the Company’s financial position, results of operations or cash flows; it is possible that an unfavorable outcome of some or all of the matters, however unlikely, could result in a charge that might be material to the results of an individual fiscal quarter or year.

Segment Reporting

Segment Reporting	8 Months Ended
Segment Reporting	May 07, 2023
Segment Reporting [Abstract]
Segment Reporting	Note 9—Segment Reporting The Company is principally engaged in the operation of membership warehouses through wholly owned subsidiaries in the U.S., Canada, Mexico, Japan, U.K., Korea, Taiwan, Australia, Spain, France, China, Iceland, New Zealand, and Sweden. Reportable segments are largely based on management’s organization of the operating segments for operational decisions and assessments of financial performance, which considers geographic locations. The material accounting policies of the segments are as described in the notes to the consolidated financial statements included in the Company's Annual Report filed on Form 10-K for the fiscal year ended August 28, 2022, and Note 1 above. Inter-segment net sales and expenses have been eliminated in computing total revenue and operating income. The following table provides information for the Company's reportable segments: United States Canadian Other Total 12 Weeks Ended May 7, 2023 Total revenue $ 39,049 $ 7,268 $ 7,331 $ 53,648 Operating income 1,027 327 325 1,679 12 Weeks Ended May 8, 2022 Total revenue $ 38,534 $ 7,268 $ 6,794 $ 52,596 Operating income 1,205 324 262 1,791 36 Weeks Ended May 7, 2023 Total revenue $ 119,339 $ 21,923 $ 22,089 $ 163,351 Operating income 3,558 899 876 5,333 36 Weeks Ended May 8, 2022 Total revenue $ 112,418 $ 21,406 $ 21,039 $ 154,863 Operating income 3,502 918 876 5,296 52 Weeks Ended August 28, 2022 Total revenue $ 165,294 $ 31,675 $ 29,985 $ 226,954 Operating income 5,268 1,346 1,179 7,793 Disaggregated Revenue The following table summarizes net sales by merchandise category; sales from e-commerce websites and business centers have been allocated to the applicable merchandise categories: 12 Weeks Ended 36 Weeks Ended May 7, May 8, May 7, May 8, Foods and Sundries $ 21,298 $ 19,594 $ 64,672 $ 58,646 Non-Foods 13,087 13,810 41,860 43,077 Fresh Foods 7,194 6,813 21,287 20,211 Warehouse Ancillary and Other Businesses 11,025 11,395 32,461 30,032 Total net sales $ 52,604 $ 51,612 $ 160,280 $ 151,966

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	8 Months Ended
Summary of Significant Accounting Policies (Policies)	May 07, 2023
Accounting Policies [Abstract]
Basis of Accounting, Policy	Basis of Presentation The condensed consolidated financial statements include the accounts of Costco, its wholly-owned subsidiaries, and a subsidiary in which it has a controlling interest. All material inter-company transactions among the Company and its consolidated subsidiaries have been eliminated in consolidation. Unless otherwise noted, references to net income relate to net income attributable to Costco.
Fiscal Period, Policy	Fiscal Year End The Company operates on a 52/53 week fiscal year basis, with the fiscal year ending on the Sunday closest to August 31. Fiscal 2023 is a 53-week year ending on September 3, 2023. References to the third quarter of 2023 and 2022 relate to the 12-week fiscal quarters ended May 7, 2023, and May 8, 2022. References to the first thirty-six weeks of 2023 and 2022 relate to the 36 weeks ended May 7, 2023, and May 8, 2022.
Use of Estimates, Policy	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. These estimates and assumptions take into account historical and forward-looking factors that the Company believes are reasonable. Actual results could differ from those estimates and assumptions.
Reclassification, Policy	Reclassification Reclassifications were made to the condensed consolidated statement of cash flows for the first thirty-six weeks of 2022 to conform with current year presentation.
Lessee, Leases, Policy	Leases The Company leases land, buildings, equipment, and other assets at warehouses, offices, or within the operations that support supply chain and distribution channels. The Company reviews lease right-of-use assets for impairment when events or changes in circumstances indicate that the carrying amount of the asset group may not be fully recoverable. The Company also occasionally revisits and modifies the terms of its leasing arrangements. During the first quarter and third quarter of 2023, the Company recognized charges of $93 and $298, primarily related to the impairment of certain leased assets associated with charter shipping activities. This charge is included in merchandise costs.

Investments (Tables)

Investments (Tables)	8 Months Ended
Investments (Tables)	May 07, 2023
Investments, Debt and Equity Securities [Abstract]
Available-for-sale and Held-to-maturity Investments	The Company's investments were as follows: May 7, 2023: Cost Unrealized Recorded Available-for-sale: Government and agency securities $ 602 $ (2) $ 600 Held-to-maturity: Certificates of deposit 615 — 615 Total short-term investments $ 1,217 $ (2) $ 1,215 August 28, 2022: Cost Unrealized Recorded Available-for-sale: Government and agency securities $ 534 $ (5) $ 529 Held-to-maturity: Certificates of deposit 317 — 317 Total short-term investments $ 851 $ (5) $ 846
Maturities of Available-for-sale and Held-to-maturity Securities	The maturities of available-for-sale and held-to-maturity securities at May 7, 2023 are as follows: Available-For-Sale Held-To-Maturity Cost Basis Fair Value Due in one year or less $ 126 $ 125 $ 615 Due after one year through five years 324 324 — Due after five years 152 151 — Total $ 602 $ 600 $ 615

Fair Value Measurement (Tables)

Fair Value Measurement (Tables)	8 Months Ended
Fair Value Measurement (Tables)	May 07, 2023
Fair Value Disclosures [Abstract]
Fair Value of Financial Assets and Liabilities Measured on Recurring Basis	The table below presents information regarding financial assets and liabilities that are measured at fair value on a recurring basis and indicates the level within the fair-value hierarchy reflecting the valuation techniques utilized. Level 2 May 7, August 28, Investment in government and agency securities $ 600 $ 529 Forward foreign-exchange contracts, in asset position (1) 6 34 Forward foreign-exchange contracts, in (liability) position (1) (11) (2) Total $ 595 $ 561 _______________ (1) The asset and liability values are included in other current assets and other current liabilities, respectively, in the accompanying condensed consolidated balance sheets.

Debt (Tables)

Debt (Tables)	8 Months Ended
Debt (Tables)	May 07, 2023
Debt Disclosure [Abstract]
Carrying Value and Estimated Fair Value of Company's Long-term Debt	The carrying value of the Company’s long-term debt consisted of the following: May 7, August 28, 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 525 590 Total long-term debt 6,525 6,590 Less unamortized debt discounts and issuance costs 28 33 Less current portion (1) — 73 Long-term debt, excluding current portion $ 6,497 $ 6,484 _______________ (1) Net of unamortized debt discounts and issuance costs.

Equity (Tables)

Equity (Tables)	8 Months Ended
Equity (Tables)	May 07, 2023
Equity [Abstract]
Stock Repurchased During Period	The following table summarizes the Company's stock repurchase activity: Shares Repurchased (000s) Average Price per Share Total Cost Third quarter of 2023 329 $ 492.71 $ 162 First thirty-six weeks of 2023 908 $ 492.30 $ 447 Third quarter of 2022 254 $ 547.38 $ 139 First thirty-six weeks of 2022 490 $ 523.61 $ 257

Stock-Based Compensation Plans

Stock-Based Compensation Plans (Tables)	8 Months Ended
Stock-Based Compensation Plans (Tables)	May 07, 2023
Share-Based Payment Arrangement [Abstract]
Summary of RSU Transactions	The following table summarizes RSU transactions during the first thirty-six weeks of 2023: Number of Weighted-Average Outstanding at August 28, 2022 3,449 $ 338.41 Granted 1,814 471.47 Vested and delivered (2,096) 352.56 Forfeited (93) 396.50 Outstanding at May 7, 2023 3,074 $ 405.51
Summary of Stock-Based Compensation Expense and Related Tax Benefits	The following table summarizes stock-based compensation expense and the related tax benefits: 12 Weeks Ended 36 Weeks Ended May 7, May 8, May 7, May 8, Stock-based compensation expense $ 94 $ 90 $ 643 $ 606 Less recognized income tax benefits 21 20 134 128 Stock-based compensation expense, net $ 73 $ 70 $ 509 $ 478

Net Income per Common and Com_2

Net Income per Common and Common Equivalent Share (Tables)	8 Months Ended
Net Income per Common and Common Equivalent Share (Tables)	May 07, 2023
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table shows the amounts used in computing net income per share and the weighted average number of shares of basic and of potentially dilutive common shares outstanding (shares in 000s): 12 Weeks Ended 36 Weeks Ended May 7, May 8, May 7, May 8, Net income attributable to Costco $ 1,302 $ 1,353 $ 4,132 $ 3,976 Weighted average basic shares 443,814 443,700 443,843 443,567 RSUs 546 1,186 612 1,235 Weighted average diluted shares 444,360 444,886 444,455 444,802

Segment Reporting (Tables)

Segment Reporting (Tables)	8 Months Ended
Segment Reporting (Tables)	May 07, 2023
Segment Reporting [Abstract]
Segment Reporting Information, by Segment	The following table provides information for the Company's reportable segments: United States Canadian Other Total 12 Weeks Ended May 7, 2023 Total revenue $ 39,049 $ 7,268 $ 7,331 $ 53,648 Operating income 1,027 327 325 1,679 12 Weeks Ended May 8, 2022 Total revenue $ 38,534 $ 7,268 $ 6,794 $ 52,596 Operating income 1,205 324 262 1,791 36 Weeks Ended May 7, 2023 Total revenue $ 119,339 $ 21,923 $ 22,089 $ 163,351 Operating income 3,558 899 876 5,333 36 Weeks Ended May 8, 2022 Total revenue $ 112,418 $ 21,406 $ 21,039 $ 154,863 Operating income 3,502 918 876 5,296 52 Weeks Ended August 28, 2022 Total revenue $ 165,294 $ 31,675 $ 29,985 $ 226,954 Operating income 5,268 1,346 1,179 7,793
Disaggregation of Revenue [Table Text Block]	Disaggregated Revenue The following table summarizes net sales by merchandise category; sales from e-commerce websites and business centers have been allocated to the applicable merchandise categories: 12 Weeks Ended 36 Weeks Ended May 7, May 8, May 7, May 8, Foods and Sundries $ 21,298 $ 19,594 $ 64,672 $ 58,646 Non-Foods 13,087 13,810 41,860 43,077 Fresh Foods 7,194 6,813 21,287 20,211 Warehouse Ancillary and Other Businesses 11,025 11,395 32,461 30,032 Total net sales $ 52,604 $ 51,612 $ 160,280 $ 151,966

Accounting Policies - Additiona

Accounting Policies - Additional Information (Detail)	May 07, 2023 warehouse states
Summary Of Significant Accounting Policies [Line Items]
Number of warehouses operated	852
UNITED STATES
Summary Of Significant Accounting Policies [Line Items]
Number of warehouses operated	586
Number of states in country \| states	46
CANADA
Summary Of Significant Accounting Policies [Line Items]
Number of warehouses operated	107
MEXICO
Summary Of Significant Accounting Policies [Line Items]
Number of warehouses operated	40
UNITED KINGDOM
Summary Of Significant Accounting Policies [Line Items]
Number of warehouses operated	29
JAPAN
Summary Of Significant Accounting Policies [Line Items]
Number of warehouses operated	32
KOREA
Summary Of Significant Accounting Policies [Line Items]
Number of warehouses operated	18
TAIWAN
Summary Of Significant Accounting Policies [Line Items]
Number of warehouses operated	14
AUSTRALIA
Summary Of Significant Accounting Policies [Line Items]
Number of warehouses operated	14
SPAIN
Summary Of Significant Accounting Policies [Line Items]
Number of warehouses operated	4
CHINA
Summary Of Significant Accounting Policies [Line Items]
Number of warehouses operated	3
ICELAND
Summary Of Significant Accounting Policies [Line Items]
Number of warehouses operated	1
FRANCE
Summary Of Significant Accounting Policies [Line Items]
Number of warehouses operated	2
NEW ZEALAND
Summary Of Significant Accounting Policies [Line Items]
Number of warehouses operated	1
SWEDEN
Summary Of Significant Accounting Policies [Line Items]
Number of warehouses operated	1

Accounting Policies - Leases (D

Accounting Policies - Leases (Details) - USD ($) $ in Millions	3 Months Ended
	May 07, 2023	Nov. 20, 2022
Accounting Policies [Abstract]
Finance Lease, Impairment Loss	$ 298	$ 93

Investments - Available-for-sal

Investments - Available-for-sale and Held-to-maturity Investments (Detail) - USD ($) $ in Millions	May 07, 2023	Aug. 28, 2022
Available-for-sale and Held-to-maturity [Line Items]
Available-for-sale, cost basis, total	$ 602
Debt Securities, Available-for-sale	600
Held-to-maturity, cost basis	615
Short-term investments	1,215	$ 846
Government and Agency Securities
Available-for-sale and Held-to-maturity [Line Items]
Available-for-sale, cost basis, total	602	534
Certificates of deposit
Available-for-sale and Held-to-maturity [Line Items]
Held-to-maturity, cost basis	615	317
Short-term Investments
Available-for-sale and Held-to-maturity [Line Items]
Total investments, cost basis, total	1,217	851
Short-term investments	1,215	846
Debt Securities, Available-for-Sale, Unrealized Loss Position, Accumulated Loss	(2)	(5)
Short-term Investments \| Government and Agency Securities
Available-for-sale and Held-to-maturity [Line Items]
Debt Securities, Available-for-sale	600	529
Debt Securities, Available-for-Sale, Unrealized Loss Position, Accumulated Loss	(2)	(5)
Short-term Investments \| Certificates of deposit
Available-for-sale and Held-to-maturity [Line Items]
Held-to-maturity, recorded basis, total	$ 615	$ 317

Investments - Maturities of Ava

Investments - Maturities of Available-for-sale and Held-to-maturity Securities (Details) $ in Millions	May 07, 2023 USD ($)
Available-for-sale, Cost Basis
Due in one year or less	$ 126
Due after one year through five years	324
Due after five years	152
Available-for-sale, cost basis, total	602
Available-for-sale, Fair Value
Due in one year or less	125
Due after one year through five years	324
Due after five years	151
Available-for-sale, recorded basis, total	600
Held-to-maturity
Due in one year or less	615
Due after one year through five years	0
Due after five years	0
Held-to-maturity, cost basis, total	$ 615

Fair Value Measurement - Fair V

Fair Value Measurement - Fair Value of Financial Assets and Financial Liabilities Measured on Recurring Basis (Details) - Fair Value, Measurements, Recurring - Fair Value, Inputs, Level 2 - USD ($) $ in Millions		May 07, 2023	Aug. 28, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets measured on recurring basis		$ 595	$ 561
Government and Agency Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets measured on recurring basis		600	529
Forward Foreign-exchange Contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets measured on recurring basis	[1]	6	34
Fair value of liabilities measured on recurring basis	[1]	$ (11)	$ (2)

[1]The asset and liability values are included in other current assets and other current liabilities, respectively, in the accompanying condensed consolidated balance sheets.

Debt (Carrying Value and Estima

Debt (Carrying Value and Estimated Fair Value of Company's Long-term Debt) (Details) - USD ($) $ in Millions		May 07, 2023	Aug. 28, 2022
Debt Instrument [Line Items]
Long-Term Debt, Gross		$ 6,525	$ 6,590
Less unamortized debt discounts and issuance costs		28	33
Current portion of long-term debt	[1]	0	73
Long-term debt, excluding current portion		6,497	6,484
Long-term Debt, Fair Value		5,907	6,033
2.75% Senior Notes Due May 2024
Debt Instrument [Line Items]
Long-Term Debt, Gross		$ 1,000	1,000
Debt instrument, interest rate, stated percentage		2.75%
3.00% Senior Notes Due May 2027
Debt Instrument [Line Items]
Long-Term Debt, Gross		$ 1,000	1,000
Debt instrument, interest rate, stated percentage		3%
1.375% Senior Notes Due June 2027
Debt Instrument [Line Items]
Long-Term Debt, Gross		$ 1,250	1,250
Debt instrument, interest rate, stated percentage		1.375%
1.60% Senior Notes Due April 2030
Debt Instrument [Line Items]
Long-Term Debt, Gross		$ 1,750	1,750
Debt instrument, interest rate, stated percentage		1.60%
1.750% Senior Notes Due April 2032
Debt Instrument [Line Items]
Long-Term Debt, Gross		$ 1,000	1,000
Debt instrument, interest rate, stated percentage		1.75%
Other Long-term Debt
Debt Instrument [Line Items]
Long-Term Debt, Gross		$ 525	$ 590

[1]Net of unamortized debt discounts and issuance costs

Equity - Additional Information

Equity - Additional Information - Dividends (Detail) - $ / shares	3 Months Ended		8 Months Ended
	May 07, 2023	May 08, 2022	May 07, 2023	May 08, 2022
Dividend Rate
Dividends Payable [Line Items]
Dividends declared	$ 1.02	$ 0.90	$ 2.82	$ 2.48

Equity (Stock Repurchased Durin

Equity (Stock Repurchased During Period) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended		8 Months Ended
	May 07, 2023	May 08, 2022	May 07, 2023	May 08, 2022
Equity [Abstract]
Stock Repurchased and Retired During Period, Shares	329	254	908	490
Average price per share	$ 492.71	$ 547.38	$ 492.30	$ 523.61
Total Cost	$ (162)	$ (139)	$ (447)	$ (257)

Equity - Additional Informati_2

Equity - Additional Information - Stock Repurchase Programs (Details) - USD ($) $ in Millions	May 07, 2023	Jan. 19, 2023
Equity [Abstract]
Stock repurchase program, remaining authorized repurchase amount	$ 3,793
Stock Repurchase Program, Authorized Amount		$ 4,000

Stock-Based Compensation Plan_2

Stock-Based Compensation Plans - Additional Information (Detail) - USD ($) $ in Millions		8 Months Ended
	Jan. 24, 2019	May 07, 2023	Aug. 28, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Number of Shares		3,074,000	3,449,000
2019 Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Additional number of shares authorized	17,500,000
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Additional number of shares authorized		10,000,000
Number of shares available to be granted		8,724,000
Time-based RSUs awards outstanding		2,898,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Number of Shares		41,000
Unrecognized compensation cost		$ 930
Weighted-average recognition period		1 year 8 months 12 days
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding performance-based RSUs awards granted, subject to achievement of performance targets		135,000
Maximum [Member] \| 2019 Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available to be granted	27,800,000
Maximum [Member] \| Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available to be granted		15,885,000

Stock-Based Compensation Plan_3

Stock-Based Compensation Plans - Summary of RSU Transactions (Details) shares in Thousands	8 Months Ended
	May 07, 2023 $ / shares shares
Number of units
Outstanding at August 28, 2022 \| shares	3,449
Granted \| shares	1,814
Vested and delivered \| shares	(2,096)
Forfeited \| shares	(93)
Outstanding at May 7, 2023 \| shares	3,074
Weighted average grant date fair value
Outstanding at August 28, 2022 \| $ / shares	$ 338.41
Granted \| $ / shares	471.47
Vested and delivered \| $ / shares	352.56
Forfeited \| $ / shares	396.50
Outstanding at May 7, 2023 \| $ / shares	$ 405.51

Stock-Based Compensation Plan_4

Stock-Based Compensation Plans - Summary of Stock-Based Compensation Expense (Details) - USD ($) $ in Millions	3 Months Ended		8 Months Ended
	May 07, 2023	May 08, 2022	May 07, 2023	May 08, 2022
Stock-based compensation expense before income taxes	$ 94	$ 90	$ 643	$ 606
Less recognized income tax benefit	21	20	134	128
Stock-based compensation expense, net of income taxes	$ 73	$ 70	$ 509	$ 478

Net Income per Common and Com_3

Net Income per Common and Common Equivalent Share - Schedule of Earnings per Share Effect on Net Income and Weighted Average Number of Dilutive Potential Common Stock (Details) - USD ($) shares in Thousands, $ in Millions	3 Months Ended		8 Months Ended
	May 07, 2023	May 08, 2022	May 07, 2023	May 08, 2022
Earnings Per Share [Abstract]
Net Income (Loss) Attributable to Parent	$ 1,302	$ 1,353	$ 4,132	$ 3,976
Weighted average number of common shares used in basic net income per common share	443,814	443,700	443,843	443,567
RSUs	546	1,186	612	1,235
Weighted average number of common shares and dilutive potential of common stock used in diluted net income per share	444,360	444,886	444,455	444,802

Segment Reporting Information b

Segment Reporting Information by Segment (Detail) - USD ($) $ in Millions	3 Months Ended		8 Months Ended		12 Months Ended
	May 07, 2023	May 08, 2022	May 07, 2023	May 08, 2022	Aug. 28, 2022
Segment Reporting Information [Line Items]
Total Revenue	$ 53,648	$ 52,596	$ 163,351	$ 154,863	$ 226,954
Operating Income	1,679	1,791	5,333	5,296	7,793
Operating Segments [Member] \| United States Operations
Segment Reporting Information [Line Items]
Total Revenue	39,049	38,534	119,339	112,418	165,294
Operating Income	1,027	1,205	3,558	3,502	5,268
Operating Segments [Member] \| Canada Operations
Segment Reporting Information [Line Items]
Total Revenue	7,268	7,268	21,923	21,406	31,675
Operating Income	327	324	899	918	1,346
Operating Segments [Member] \| Other International Operations
Segment Reporting Information [Line Items]
Total Revenue	7,331	6,794	22,089	21,039	29,985
Operating Income	$ 325	$ 262	$ 876	$ 876	$ 1,179

Segment Reporting Segment Repor

Segment Reporting Segment Reporting Information by Item Category (Details) - USD ($) $ in Millions	3 Months Ended		8 Months Ended
	May 07, 2023	May 08, 2022	May 07, 2023	May 08, 2022
Disaggregation of Revenue [Line Items]
Total Revenue	$ 53,648	$ 52,596	$ 163,351	$ 154,863
Foods and Sundries [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	21,298	19,594	64,672	58,646
Non-Foods [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	13,087	13,810	41,860	43,077
Fresh Foods [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	7,194	6,813	21,287	20,211
Ancillary and Other Businesses
Disaggregation of Revenue [Line Items]
Total Revenue	11,025	11,395	32,461	30,032
Net Sales
Disaggregation of Revenue [Line Items]
Total Revenue	$ 52,604	$ 51,612	$ 160,280	$ 151,966