AutoZone (AZO) 10-K 25 Oct 21 2021 FY Annual report Financial data

Cover Page

Cover Page - USD ($)	12 Months Ended
	Aug. 28, 2021	Oct. 18, 2021	Feb. 13, 2021
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Aug. 28, 2021
Entity File Number	1-10714
Entity Registrant Name	AUTOZONE, INC
Entity Incorporation, State or Country Code	NV
Entity Tax Identification Number	62-1482048
Entity Address, Address Line One	123 South Front Street
Entity Address, City or Town	Memphis
Entity Address, State or Province	TN
Entity Address, Postal Zip Code	38103
City Area Code	901
Local Phone Number	495-6500
Title of 12(b) Security	Common Stock
Trading Symbol	AZO
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
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		20,967,962
Entity Public Float			$ 24,697,255,765
Current Fiscal Year End Date	--08-28
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Entity Central Index Key	0000866787
Amendment Flag	false
ICFR Auditor Attestation Flag	true

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Aug. 28, 2021	Aug. 29, 2020	Aug. 31, 2019
Income Statement [Abstract]
Net sales	$ 14,629,585	$ 12,631,967	$ 11,863,743
Cost of sales, including warehouse and delivery expenses	6,911,800	5,861,214	5,498,742
Gross profit	7,717,785	6,770,753	6,365,001
Operating, selling, general and administrative expenses	4,773,258	4,353,074	4,148,864
Operating profit	2,944,527	2,417,679	2,216,137
Interest expense, net	195,337	201,165	184,804
Income before income taxes	2,749,190	2,216,514	2,031,333
Income tax expense	578,876	483,542	414,112
Net income	$ 2,170,314	$ 1,732,972	$ 1,617,221
Weighted average shares for basic earnings per share	22,237	23,540	24,966
Effect of dilutive stock equivalents	562	553	532
Weighted average shares for diluted earnings per share	22,799	24,093	25,498
Basic earnings per share	$ 97.60	$ 73.62	$ 64.78
Diluted earnings per share	$ 95.19	$ 71.93	$ 63.43

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Aug. 28, 2021	Aug. 29, 2020	Aug. 31, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 2,170,314	$ 1,732,972	$ 1,617,221
Other comprehensive gain (loss) income:
Foreign currency translation adjustments	44,683	(66,723)	(36,699)
Unrealized (losses) gains on marketable debt securities, net of taxes	(1,256)	1,254	1,464
Net derivative activities, net of taxes	2,839	(19,461)	1,718
Total other comprehensive income (loss)	46,266	(84,930)	(33,517)
Comprehensive income	$ 2,216,580	$ 1,648,042	$ 1,583,704

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Aug. 28, 2021	Aug. 29, 2020
Current assets:
Cash and cash equivalents	$ 1,171,335	$ 1,750,815
Accounts receivable	378,392	364,774
Merchandise inventories	4,639,813	4,473,282
Other current assets	225,763	223,001
Total current assets	6,415,303	6,811,872
Property and equipment:
Land	1,261,509	1,205,228
Buildings and improvements	4,277,593	4,020,271
Equipment	2,407,046	2,158,251
Leasehold improvements	644,345	586,839
Construction in progress	216,685	165,953
Property and equipment	8,807,178	8,136,542
Less: Accumulated depreciation and amortization	(3,950,287)	(3,627,321)
Property and equipment, net	4,856,891	4,509,221
Operating lease right-of-use assets	2,718,712	2,581,677
Goodwill	302,645	302,645
Deferred income taxes	41,043	27,843
Other long-term assets	181,605	190,614
Other long-term assets, total	3,244,005	3,102,779
Total assets	14,516,199	14,423,872
Current liabilities:
Accounts payable	6,013,924	5,156,324
Current portion of operating lease liabilities	236,568	223,846
Accrued expenses and other	1,039,788	827,668
Income taxes payable	79,474	75,253
Total current liabilities	7,369,754	6,283,091
Long-term debt	5,269,820	5,513,371
Operating lease liabilities, less current portion	2,632,842	2,501,560
Deferred income taxes	337,125	354,186
Other long-term liabilities	704,194	649,641
Commitments and contingencies
Stockholders' deficit:
Preferred stock, authorized 1,000 shares; no shares issued
Common stock, par value $.01 per share, authorized 200,000 shares; 23,007 shares issued and 21,138 shares outstanding as of August 28, 2021; 23,697 shares issued and 23,376 shares outstanding as of August 29, 2020	230	237
Additional paid-in capital	1,465,669	1,283,495
Retained deficit	(419,829)	(1,450,970)
Accumulated other comprehensive loss	(307,986)	(354,252)
Treasury stock, at cost	(2,535,620)	(356,487)
Total stockholders' deficit	(1,797,536)	(877,977)
Total liabilities and stockholders' deficit	$ 14,516,199	$ 14,423,872

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares shares in Thousands	Aug. 28, 2021	Aug. 29, 2020
Common Stock
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	200,000	200,000
Common stock, shares issued	23,007	23,697
Common stock, shares outstanding	21,138	23,376
Preferred Stock
Preferred stock, shares authorized	1,000	1,000
Preferred stock, shares issued	0	0

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Aug. 28, 2021	Aug. 29, 2020	Aug. 31, 2019
Cash flows from operating activities:
Net income	$ 2,170,314	$ 1,732,972	$ 1,617,221
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of property and equipment and intangibles	407,683	397,466	369,957
Amortization of debt origination fees	12,858	10,730	8,162
Deferred income taxes	(34,432)	51,077	35,051
Share-based compensation expense	56,112	44,835	43,255
Changes in operating assets and liabilities:
Accounts receivable	(11,039)	(58,564)	(48,512)
Merchandise inventories	(138,517)	(184,174)	(394,147)
Accounts payable and accrued expenses	1,029,912	531,131	464,176
Income taxes payable	29,467	90,172	(10,489)
Other, net	(3,815)	104,463	43,839
Net cash provided by operating activities	3,518,543	2,720,108	2,128,513
Cash flows from investing activities:
Capital expenditures	(621,767)	(457,736)	(496,050)
Purchase of marketable debt securities	(63,676)	(90,949)	(55,538)
Proceeds from sale of marketable debt securities	95,393	84,237	53,140
Investment in tax credit equity investments	(41,712)	(45,190)
Proceeds from disposal of capital assets and other, net	29,984	11,763	6,602
Net cash used in investing activities	(601,778)	(497,875)	(491,846)
Cash flows from financing activities:
Net payments of commercial paper		(1,030,000)	(295,300)
Proceeds from issuance of debt		1,850,000	750,000
Repayment of debt	(250,000)	(500,000)	(250,000)
Net proceeds from sale of common stock	187,757	68,392	188,819
Purchase of treasury stock	(3,378,321)	(930,903)	(2,004,896)
Repayment of principal portion of finance lease liabilities	(59,853)	(52,158)	(53,307)
Other, net		(48,967)	(9,404)
Net cash used in financing activities	(3,500,417)	(643,636)	(1,674,088)
Effect of exchange rate changes on cash	4,172	(4,082)	(4,103)
Net (decrease)/increase in cash and cash equivalents	(579,480)	1,574,515	(41,524)
Cash and cash equivalents at beginning of period	1,750,815	176,300	217,824
Cash and cash equivalents at end of period	1,171,335	1,750,815	176,300
Supplemental cash flow information:
Interest paid, net of interest cost capitalized	187,948	161,864	153,371
Income taxes paid	574,854	339,486	383,871
Leased assets obtained in exchange for new finance lease liabilities	112,095	115,867	$ 147,699
Leased assets obtained in exchange for new operating lease liabilities	$ 444,626	$ 425,018

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Deficit - USD ($) shares in Thousands, $ in Thousands	Common Stock	Additional Paid-In Capital	Retained DeficitCumulative effect of adoption of ASU 2014-09	Retained Deficit	Accumulated Other Comprehensive Loss	Treasury Stock	Cumulative effect of adoption of ASU 2014-09	Total
Balance at August 25, 2018, as adjusted	$ 275	$ 1,155,426	$ (6,773)	$ (1,215,597)	$ (235,805)	$ (1,231,427)	$ (6,773)	$ (1,527,128)
Balance at August 25, 2018, as adjusted, shares	27,530
Balance at Aug. 25, 2018	$ 275	1,155,426		(1,208,824)	(235,805)	(1,231,427)		(1,520,355)
Balance, Shares at Aug. 25, 2018	27,530
Net income				1,617,221				1,617,221
Total other comprehensive income					(33,517)			(33,517)
Purchase of treasury stock						(2,004,896)		(2,004,896)
Retirement of treasury shares	$ (26)	(125,442)		(1,706,971)		1,832,439
Retirement of treasury shares, shares	(2,563)
Issuance of common stock under stock options and stock purchase plans	$ 5	195,185						195,190
Issuance of common stock under stock options and stock purchase plans, Shares	478
Share-based compensation expense		39,279						39,279
Balance at Aug. 31, 2019	$ 254	1,264,448		(1,305,347)	(269,322)	(1,403,884)		(1,713,851)
Balance, shares at Aug. 31, 2019	25,445
Net income				1,732,972				1,732,972
Total other comprehensive income					(84,930)			(84,930)
Purchase of treasury stock						(930,903)		(930,903)
Retirement of treasury shares	$ (19)	(99,686)		(1,878,595)		1,978,300
Retirement of treasury shares, shares	(1,912)
Issuance of common stock under stock options and stock purchase plans	$ 2	74,985						74,987
Issuance of common stock under stock options and stock purchase plans, Shares	164
Share-based compensation expense		43,748						43,748
Balance at Aug. 29, 2020	$ 237	1,283,495		(1,450,970)	(354,252)	(356,487)		(877,977)
Balance, shares at Aug. 29, 2020	23,697
Net income				2,170,314				2,170,314
Total other comprehensive income					46,266			46,266
Purchase of treasury stock						(3,378,321)		(3,378,321)
Retirement of treasury shares	$ (10)	(60,005)		(1,139,173)		1,199,188
Retirement of treasury shares, shares	(1,044)
Issuance of common stock under stock options and stock purchase plans	$ 3	187,754						187,757
Issuance of common stock under stock options and stock purchase plans, Shares	354
Share-based compensation expense		54,425						54,425
Balance at Aug. 28, 2021	$ 230	$ 1,465,669		$ (419,829)	$ (307,986)	$ (2,535,620)		$ (1,797,536)
Balance, shares at Aug. 28, 2021	23,007

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Deficit (Parenthetical) - shares shares in Thousands	12 Months Ended
	Aug. 28, 2021	Aug. 29, 2020	Aug. 31, 2019
Statement of Stockholders' Deficit
Purchase of treasury stock, shares	2,592	826	2,182

Significant Accounting Policies

Significant Accounting Policies	12 Months Ended
	Aug. 28, 2021
Significant Accounting Policies
Significant Accounting Policies	Note A – Significant Accounting Policies Business: Fiscal Year: Basis of Presentation: Variable Interest Entities: ​ The Company considers its investment in these tax credit funds as an investment in a variable interest entity (“VIE”). The Company evaluates the investment in any VIE to determine whether it is the primary beneficiary. The Company considers a variety of factors in identifying the entity that holds the power to direct matters that most significantly impact the VIE’s economic performance including, but not limited to, the ability to direct financing, leasing, construction and other operating decisions and activities. As of August 28, 2021, the Company held tax credit equity investments that were deemed to be VIE’s and determined that it was not the primary beneficiary of the entities, as it did not have the power to direct the activities that most significantly impacted the entity and accounted for this investment using the equity method. The Company’s maximum exposure to losses is limited to its net investment, which was $11.8 million as of August 28, 2021 and $6.5 million as of August 29, 2020, and was included within the Other long-term assets caption in the accompanying Consolidated Balance Sheets. Use of Estimates: Cash and Cash Equivalents: Cash balances are held in various locations around the world. Cash and cash equivalents of $80.4 million and $62.4 million were held outside of the U.S. as of August 28, 2021, and August 29, 2020, respectively, and were generally utilized to support the liquidity needs in foreign operations. Accounts Receivable: Financial Instruments - Credit Losses (Topic 326) Receivables are presented net of an allowance for credit losses. Allowances for expected credit losses are determined based on historical experience, the current economic environment as well as our expectations of future economic conditions and the current evaluation of the composition of accounts receivable. The Company will apply adjustments for specific factors and current economic conditions as needed at each reporting date. The Company’s allowance for credit losses are included in “Accounts receivable” on the accompanying Consolidated Balance Sheets as of August 28, 2021 and August 29, 2020. The balance of the allowance for credit losses was $11.4 million at August 28, 2021, and $10.0 million at August 29, 2020. Vendor Receivables: Merchandise Inventories: Marketable Debt Securities: Property and Equipment: 40 5 3 ​ Impairment of Long-Lived Assets: Goodwill: Derivative Instruments and Hedging Activities: AutoZone’s financial market risk results primarily from changes in interest rates. At times, AutoZone reduces its exposure to changes in interest rates by entering into various interest rate hedge instruments such as interest rate swap contracts, treasury lock agreements and forward-starting interest rate swaps. All of the Company’s interest rate hedge instruments are designated as cash flow hedges. (Refer to “Note H – Derivative Financial Instruments” for additional disclosures regarding the Company’s derivative instruments and hedging activities.) Cash flows related to these instruments designated as qualifying hedges are reflected in the accompanying Consolidated Statements of Cash Flows in the same categories as the cash flows from the items being hedged. Accordingly, cash flows relating to the settlement of interest rate derivatives hedging the forecasted issuance of debt have been reflected upon settlement as a component of financing cash flows. The resulting gain or loss from such settlement is deferred to Accumulated Other Comprehensive Loss and reclassified to interest expense over the term of the underlying debt. This reclassification of the deferred gains and losses impacts the interest expense recognized on the underlying debt that was hedged and is therefore reflected as a component of operating cash flows in periods subsequent to settlement. Foreign Currency: ​ Self-Insurance Reserves: The assumptions made by management in estimating its self-insurance reserves include consideration of historical cost experience, judgments about the present and expected levels of cost per claim and retention levels. The Company utilizes various methods, including analyses of historical trends and use of a specialist, to estimate the costs to settle reported claims and claims incurred but not yet reported. The actuarial methods develop estimates of the future ultimate claim costs based on claims incurred as of the balance sheet date. When estimating these liabilities, the Company considers factors, such as the severity, duration and frequency of claims, legal costs associated with claims, healthcare trends and projected inflation of related factors. The Company’s liabilities for workers’ compensation, general and product liability, property and vehicle claims do not have scheduled maturities; however, the timing of future payments is predictable based on historical patterns and is relied upon in determining the current portion of these liabilities. Accordingly, the Company reflects the net present value of the obligations it determines to be long-term using the risk-free interest rate as of the balance sheet date. Leases: one Lease-related assets and liabilities are recognized for all leases with an initial term of 12 months or greater. The exercise of lease renewal options is at the Company’s sole discretion. The Company evaluates renewal options at commencement and on an ongoing basis and includes options that are reasonably certain to exercise in its expected lease terms when classifying leases and measuring lease liabilities. Certain lease agreements require variable payments based upon actual costs of common-area maintenance, real estate taxes and insurance. Financial Instruments: Income Taxes: The Company recognizes liabilities for uncertain income tax positions based on a two-step process. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates that it is more likely than not that the position will be sustained on audit, including resolution of related appeals or litigation processes, if any. The second step requires the Company to estimate and measure the tax benefit as the largest amount that is more than 50% likely to be realized upon ultimate settlement. The Company reevaluates these uncertain tax positions on a quarterly basis or when new information becomes available to management. These reevaluations are based on factors including, but not limited to, changes in facts or circumstances, changes in tax law, successfully settled issues under audit, expirations due to statutes and new audit activity. Such a change in recognition or measurement could result in the recognition of a tax benefit or an increase to the tax accrual. The Company classifies interest related to income tax liabilities, and if applicable, penalties, as a component of Income tax expense. The income tax liabilities and accrued interest and penalties are expected to be payable within one year of the balance sheet date are presented within the Accrued expenses and other caption in the accompanying Consolidated Balance Sheets. The remaining portion of the income tax liabilities and accrued interest and penalties are presented within the Other long-term liabilities caption in the accompanying Consolidated Balance Sheets because payment of cash is not anticipated within one year of the balance sheet date. (Refer to “Note D – Income Taxes” for additional disclosures regarding the Company’s income taxes.) Sales and Use Taxes: Dividends: Revenue Recognition: The Company’s performance obligations are typically satisfied when the customer takes possession of the merchandise. Revenue from retail customers is recognized when the customer leaves our store with the purchased products, typically at the point of sale or for E-commerce orders when the product is shipped. Revenue from commercial customers is recognized upon delivery, typically same-day. Payment from retail customers is at the point of sale and payment terms for commercial customers are based on the Company’s pre-established credit requirements and generally range from 1 to 30 days. Discounts, sales incentives and rebates are treated as separate performance obligations, and revenue allocated to these performance obligations is recognized as the obligations to the customer are satisfied. Additionally, the Company estimates and records gift card breakage as redemptions occur. The Company offers diagnostic and repair information software used in the automotive repair industry through ALLDATA. This revenue is recognized as services are provided. Revenue from these services are recognized over the life of the contract. A portion of the Company’s transactions include the sale of auto parts that contain a core component. The core component represents the recyclable portion of the auto part. Customers are not charged for the core component of the new part if a used core is returned at the point of sale of the new part; otherwise the Company charges customers a specified amount for the core component. The Company refunds that same amount upon the customer returning a used core to the store at a later date. The Company does not recognize sales or cost of sales for the core component of these transactions when a used part is returned or expected to be returned from the customer. There were no material contract assets, liabilities or deferred costs recorded on the Consolidated Balance Sheet as of August 28, 2021 and August 29, 2020. Revenue related to unfulfilled performance obligations as of August 28, 2021 and August 29, 2020 is not significant. (Refer to “Note P – Segment Reporting” for additional information related to revenue recognized during the period.) Vendor Allowances and Advertising Costs: Rebates and other miscellaneous incentives are earned based on purchases or product sales and are accrued ratably over the purchase or sale of the related product. These monies are generally recorded as a reduction of merchandise inventories and are recognized as a reduction to cost of sales as the related inventories are sold. For arrangements that provide for reimbursement of specific, incremental, identifiable costs incurred by the Company in selling the vendors’ products, the vendor funds are recorded as a reduction to Operating, selling, general and administrative expenses in the period in which the specific costs were incurred. The Company expenses advertising costs as incurred. Advertising expense, net of vendor promotional funds, was $85.9 million in fiscal 2021, $77.6 million in fiscal 2020 and $87.5 million in fiscal 2019. Vendor promotional funds, which reduced advertising expense, amounted to $53.2 million in fiscal 2021, $39.4 million in fiscal 2020 and $32.2 million in fiscal 2019. Cost of Sales and Operating, Selling, General and Administrative Expenses: Cost of Sales ● Total cost of merchandise sold, including: o Freight expenses associated with moving merchandise inventories from the Company’s vendors to the distribution centers; o Vendor allowances that are not reimbursements for specific, incremental and identifiable costs ● Costs associated with operating the Company’s supply chain, including payroll and benefits, warehouse occupancy, transportation and depreciation; and ● Inventory shrinkage ​ Operating, Selling, General and Administrative Expenses ● Payroll and benefits for store, field leadership and store support employees; ● Occupancy of store and store support facilities; ● Depreciation and amortization related to store and store support assets; ● Transportation associated with field leadership, commercial sales force and deliveries from stores; ● Advertising; ● Self-insurance; and ● Other administrative costs, such as credit card transaction fees, legal costs, supplies and travel and lodging Warranty Costs: Shipping and Handling Costs: Pre-opening Expenses: Earnings per Share Share-Based Payments: Risk and Uncertainties: Recently Adopted Accounting Pronouncements: In August 2018, the FASB issued ASU 2018-15, Intangibles – Goodwill and Other Internal Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments Codification Improvements to Topic 326, Financial Instruments Credit Losses.

Share-Based Payments

Share-Based Payments	12 Months Ended
	Aug. 28, 2021
Share-Based Payments
Share-Based Payments	Overview of Share-Based Payment Plans The Company has several active and inactive equity incentive plans under which the Company has been authorized to grant share-based awards to key employees and non-employee directors. Awards under these plans have been in the form of restricted stock, restricted stock units, stock options, stock appreciation rights and other awards as defined by the plans. The Company also has an Employee Stock Purchase Plan that allows employees to purchase Company shares at a discount subject to certain limitations. The Company also has an Executive Stock Purchase Plan which permits all eligible executives to purchase AutoZone’s common stock at a discount up to twenty-five percent of his or her annual salary and bonus. Amended and Restated AutoZone, Inc. 2011 Equity Incentive Award Plan On December 15, 2010, the Company’s stockholders approved the 2011 Equity Incentive Award Plan (the “2011 Plan”), allowing the Company to provide equity-based compensation to non-employee directors and employees for their service to AutoZone or its subsidiaries or affiliates. Prior to the Company’s adoption of the 2011 Plan, equity-based compensation was provided to employees under the 2006 Stock Option Plan and to non-employee directors under the 2003 Director Compensation Plan (the “2003 Comp Plan”). During fiscal 2016, the Company’s stockholders approved the Amended and Restated AutoZone, Inc. 2011 Equity Incentive Award Plan (the “Amended 2011 Equity Plan”). The Amended 2011 Equity Plan imposes a maximum limit on the compensation, measured as the sum of any cash compensation and the aggregate grant date fair value of awards granted under the Amended 2011 Equity Plan, which may be paid to non-employee directors for such service during any calendar year. The Amended 2011 Equity Plan also applies a ten-year term on the Amended 2011 Equity Plan through December 16, 2025 and extends the Company’s ability to grant incentive stock options under the Amended 2011 Equity Plan through October 7, 2025. AutoZone, Inc. 2020 Omnibus Incentive Award Plan On December 16, 2020, the Company’s stockholders approved the AutoZone, Inc. 2020 Omnibus Incentive Award Plan (the “2020 Omnibus Plan”), which serves as the successor to the Amended 2011 Equity Plan. The 2020 Omnibus Plan provides equity-based compensation to our non-employee directors and employees for their service to AutoZone or our subsidiaries or affiliates. Under the 2020 Omnibus Plan, participants may receive equity-based compensation in the form of stock options, stock appreciation rights, restricted stock, restricted stock units, dividend equivalents, deferred stock, stock payments, performance based awards, cash based awards and other incentive awards structured by the Compensation Committee and the Board within parameters set forth in the 2020 Omnibus Plan. ​ AutoZone, Inc. Director Compensation Program During fiscal 2020, the Company adopted the 2020 Director Compensation Program (the “Program”), which states that non-employee directors will receive their compensation in awards of restricted stock units under the Amended 2011 Equity Plan (or beginning January 1, 2021, the 2020 Omnibus Plan), with an option for a certain portion of a director’s compensation to be paid in cash at the non-employee director’s election. The Program replaced the 2018 Director Compensation Program. Under the Program, restricted stock units are granted January 1 of each year (the “Grant Date”). The number of restricted stock units is determined by dividing the amount of the annual retainer by the fair market value of the shares of common stock as of the Grant Date. The restricted stock units are fully vested on January 1 of each year and are paid in shares of the Company’s common stock on the fifth anniversary of the Grant Date or the date the non-employee director ceases to be a member of the Board (“Separation from Service”), whichever occurs first. Non-employee directors may elect to defer receipt of the restricted stock units until their Separation from Service. The cash portion of the award, if elected, is paid ratably over each calendar quarter. Total share-based compensation expense (a component of Operating, selling, general and administrative expenses) was $56.1 million for fiscal 2021, $44.8 million for fiscal 2020 and $43.3 million for fiscal 2019. As of August 28, 2021, share-based compensation expense for unvested awards not yet recognized in earnings is $52.7 million and will be recognized over a weighted average period of 1.7 years. General terms and methods of valuation for the Company’s share-based awards are as follows: Stock Options The Company grants options to purchase common stock to certain of its employees under its plan at prices equal to the market value of the stock on the date of grant. Options have a term of 10 years or 10 years and one day from grant date. Employee options generally vest in equal annual installments on the first, second, third and fourth anniversaries of the grant date and generally have 30 The Company has estimated the fair value of all stock option awards as of the date of the grant by applying the Black-Scholes-Merton multiple-option pricing valuation model. The following table presents the weighted average for key assumptions used in determining the fair value of options granted and the related share-based compensation expense: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended ​ August 28, ​ August 29, ​ August 31, ​ 2021 ​ 2020 ​ 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ Expected price volatility 28 % 22 % 21 % Risk-free interest rate 0.4 % 1.4 % 3.0 % Weighted average expected lives (in years) 5.6 ​ 5.5 ​ 5.6 ​ Forfeiture rate 10 % 10 % 10 % Dividend yield 0 % 0 % 0 % ​ The following methodologies were applied in developing the assumptions used in determining the fair value of options granted: Expected price volatility – Risk-free interest rate – Expected lives – Forfeiture rate – Dividend yield – The weighted average grant date fair value per share of options granted was $304.31 during fiscal 2021, $252.54 during fiscal 2020 and $208.37 during fiscal 2019. The intrinsic value of options exercised was $280.1 million in fiscal 2021, $101.9 million in fiscal 2020 and $227.4 million in fiscal 2019. The total fair value of options vested was $44.7 million in fiscal 2021, $39.1 million in fiscal 2020 and $34.5 million in fiscal 2019. The Company generally issues new shares when options are exercised. The following table summarizes information about stock option activity for the year ended August 28, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ ​ ​ ​ ​ Average ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Remaining ​ Aggregate ​ ​ ​ ​ Weighted ​ Contractual ​ Intrinsic ​ ​ Number ​ Average ​ Term ​ Value ​ ​ of Shares ​ Exercise Price ​ (in years) ​ (in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Outstanding – August 29, 2020 1,384,986 ​ $ 677.15 ​ Granted 202,820 ​ 1,152.54 ​ Exercised (349,592) ​ 541.80 ​ Cancelled (30,160) ​ 906.26 ​ Outstanding – August 28, 2021 1,208,054 ​ 790.41 5.95 ​ $ 915,807 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exercisable 766,453 ​ 669.30 4.68 ​ 673,858 Expected to vest 397,441 ​ 1,000.60 8.16 ​ 217,754 Available for future grants 1,188,220 ​ ​ ​ ​ ​ ​ ​ ​ ​ Restricted Stock Units Restricted stock unit awards are valued at the market price of a share of the Company’s stock on the date of grant and vest ratably on an annual basis over a four-year service period and are payable in shares of common stock on the vesting date. Compensation expense for grants of employee restricted stock units is recognized on a straight-line basis over the four-year service period, less estimated forfeitures, which are consistent with stock option forfeiture assumptions. As of August 28, 2021, total unrecognized stock-based compensation expense related to nonvested restricted stock unit awards, net of estimated forfeitures, was approximately $10.5 million, before income taxes, which we expect to recognize over an estimated weighted average period of 2.4 years. Transactions related to restricted stock units for the fiscal year ended August 28, 2021 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted- ​ Number Average Grant ​ ​ of Shares ​ Date Fair Value ​ ​ ​ ​ ​ ​ Nonvested at August 29, 2020 14,160 ​ $ 910.63 Granted 8,064 ​ ​ 1,149.77 Vested (5,805) ​ 977.48 Canceled or forfeited (668) ​ 976.36 Nonvested at August 28, 2021 15,751 ​ $ 1,005.41 ​ Stock Appreciation Rights At August 28, 2021 and August 29, 2020, the Company had $7.5 million and $5.7 million, respectively of accrued compensation expense. There were 4,822 outstanding units issued under the 2003 Comp Plan and prior plans. As directors retire, this balance will be reduced. No additional shares of stock or units will be issued in future years under the 2003 Comp Plan or prior plans. Employee Stock Purchase Plan and Executive Stock Purchase Plan The Company recognized $2.5 million in compensation expense related to the discount on the selling of shares to employees and executives under the various share purchase plans in fiscal 2021, $3.1 million in fiscal 2020 and $2.8 million in fiscal 2019. Under the Employee Plan, 8,479, 10,525 and 11,011 shares were sold to employees in fiscal 2021, 2020 and 2019, respectively. The Company repurchased 7,611, 8,287 and 17,201 shares in fiscal 2021, 2020 and 2019, respectively, all at market value from employees electing to sell their stock. Purchases under the Executive Plan were 997, 1,204 and 1,483 shares in fiscal 2021, 2020 and 2019, respectively. Issuances of shares under the Employee Plan are netted against repurchases and such repurchases are not included in share repurchases disclosed in “Note K – Stock Repurchase Program.” At August 28, 2021, 133,762 shares of common stock were reserved for future issuance under the Employee Plan, and 234,364 shares of common stock were reserved for future issuance under the Executive Plan.

Accrued Expenses and Other

Accrued Expenses and Other	12 Months Ended
	Aug. 28, 2021
Accrued Expenses and Other
Accrued Expenses and Other	Note C – Accrued Expenses and Other Accrued expenses and other consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ August 28, August 29, (in thousands) ​ 2021 ​ 2020 ​ ​ ​ ​ ​ ​ ​ Accrued compensation, related payroll taxes and benefits ​ $ 470,561 ​ $ 321,071 Property, sales and other taxes ​ 135,831 ​ 121,196 Medical and casualty insurance claims (current portion) ​ 121,237 ​ 112,746 Finance lease liabilities ​ 89,932 ​ 67,498 Accrued interest ​ 55,435 ​ 63,503 Accrued gift cards ​ 50,369 ​ 43,876 Accrued sales and warranty returns ​ 32,418 ​ 32,356 Other ​ 84,005 ​ 65,422 ​ ​ $ 1,039,788 ​ $ 827,668 ​ ​ ​ ​ ​ ​ ​ ​ The Company retains a significant portion of the insurance risks associated with workers’ compensation, employee health, general, product liability, property and vehicle insurance. A portion of these self-insured losses is managed through a wholly owned insurance captive. The Company maintains certain levels for stop-loss coverage for each self-insured plan in order to limit its liability for large claims. The retained limits per claim type are $2.0 million for workers’ compensation, $5.0 million for auto liability, $21.5 million for property and $1.0 million for general and product liability.

Income Taxes

Income Taxes	12 Months Ended
	Aug. 28, 2021
Income Taxes
Income Taxes	Note D – Income Taxes The components of income from continuing operations before income taxes are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended ​ ​ August 28, ​ August 29, ​ August 31, (in thousands) ​ 2021 ​ 2020 ​ 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Domestic ​ $ 2,436,548 ​ $ 1,960,320 ​ $ 1,745,625 International ​ 312,642 ​ 256,194 ​ 285,708 ​ ​ $ 2,749,190 ​ $ 2,216,514 $ 2,031,333 ​ The provision for income tax expense consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended ​ ​ August 28, ​ August 29, ​ August 31, (in thousands) 2021 ​ 2020 ​ 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current: ​ ​ ​ Federal ​ $ 438,686 ​ $ 324,156 ​ $ 274,504 State ​ 79,271 ​ 47,880 ​ 45,457 International ​ 95,351 ​ 60,429 ​ 59,100 ​ ​ 613,308 ​ 432,465 ​ 379,061 Deferred: ​ ​ ​ Federal ​ (21,366) ​ 43,706 ​ 25,757 State ​ (1,707) ​ 12,544 ​ 6,914 International ​ (11,359) ​ (5,173) ​ 2,380 ​ ​ (34,432) ​ 51,077 ​ 35,051 Income tax expense ​ $ 578,876 ​ $ 483,542 ​ $ 414,112 ​ A reconciliation of the provision for income taxes to the amount computed by applying the federal statutory tax rate to income before income taxes is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended ​ August 28, ​ August 29, ​ August 31, ​ (in thousands) ​ 2021 ​ 2020 ​ 2019 ​ ​ ​ ​ ​ ​ ​ ​ Federal tax at statutory U.S. income tax rate 21.0 % 21.0 % 21.0 % State income taxes, net 2.2 % 2.2 % 2.0 % Share-based compensation (1.7) % (0.7) % (1.8) % Impact of tax reform — ​ — ​ (0.4) % Global intangible lower-taxed income ("GILTI") ​ 0.8 % 1.0 % 1.3 % Foreign Tax Credits ​ (1.7) % (1.1) % (1.1) % Other 0.5 % (0.6) % (0.6) % Effective tax rate 21.1 % 21.8 % 20.4 % ​ For the year ended August 28, 2021, August 29, 2020, and August 31, 2019, the Company recognized excess tax benefits from stock option exercises of $56.4 million, $20.9 million, and $46.0 million, respectively. ​ Beginning with the year ended August 31, 2019, the Company is subject to a new tax on global intangible low-taxed income (“GILTI”) which is imposed on foreign earnings. The Company has made the election to record this tax as a period cost, thus has not adjusted the deferred tax assets or liabilities of its foreign subsidiaries for the new tax. Net impacts for GILTI are included in the provision for income taxes for the years ending August 28, 2021, August 29, 2020 and August 31, 2019. ​ Significant components of the Company's deferred tax assets and liabilities were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ August 28, August 29, (in thousands) ​ 2021 ​ 2020 ​ ​ ​ ​ ​ ​ ​ Deferred tax assets: ​ ​ Net operating loss and credit carryforwards ​ $ 41,825 ​ $ 41,437 Accrued benefits ​ 126,086 ​ 88,226 Operating lease liabilities ​ ​ 646,938 ​ ​ 617,002 Other ​ 69,340 ​ 69,788 Total deferred tax assets ​ 884,189 ​ 816,453 Valuation allowances ​ (31,098) ​ (28,373) Net deferred tax assets ​ 853,091 ​ 788,080 ​ ​ ​ ​ ​ ​ ​ Deferred tax liabilities: ​ ​ Property and equipment ​ (185,985) ​ (173,696) Inventory ​ (316,736) ​ (298,585) Prepaid expenses ​ (28,676) ​ (55,827) Operating lease assets ​ ​ (609,336) ​ ​ (581,381) Other ​ (8,440) ​ (4,934) Deferred tax liabilities ​ (1,149,173) ​ (1,114,423) ​ ​ ​ ​ ​ ​ ​ Net deferred tax liabilities ​ $ (296,082) ​ $ (326,343) ​ ​ ​ ​ ​ ​ ​ ​ For the year ended August 31, 2019, the Company held the assertion, with few exceptions, that current and accumulated earnings from foreign operations were not indefinitely reinvested. During the year ended August 29, 2020, the Company asserted indefinite reinvestment for basis differences and accumulated earnings through fiscal 2020 with respect to its foreign subsidiaries. For the year ended August 28, 2021, the Company does not assert permanent reinvestment of current year earnings with respect to its Mexican subsidiaries while maintaining its assertion of indefinite reinvestment of earnings of other foreign subsidiaries. Where necessary, taxes resulting from foreign distributions of current and accumulated earnings (e.g., withholding taxes) have been considered in the Company’s provision for income taxes. ​ As of August 28, 2021, we have not recorded incremental income taxes for outside basis differences of $443.3 million in our investments in foreign subsidiaries, as these amounts are indefinitely reinvested in foreign operations. Determining the amount of unrecognized deferred tax liability related to the outside basis differences in these entities is not practicable. ​ At August 28, 2021 and August 29, 2020, the Company had net operating loss (“NOL”) carryforwards totaling $259.1 million ($35.9 million tax effected) and $247.1 million ($32.2 million tax effected), respectively. Certain NOLs have no expiration date and others will expire, if not utilized, in various years from fiscal 2022 through 2041. At August 28, 2021 and August 29, 2020, the Company had deferred tax assets for income tax credit carryforwards of $6.0 and $9.2 million, respectively. Income tax credit carryforwards will expire, if not utilized, in various years from fiscal 2022 through 2037. ​ At August 28, 2021 and August 29, 2020, the Company had a valuation allowance of $31.1 million and $28.4 million, respectively, on deferred tax assets associated with NOL and tax credit carryforwards for which management has determined it is more likely than not that the deferred tax asset will not be realized. Management believes it is more likely than not that the remaining deferred tax assets will be fully realized. A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows: ​ ​ ​ ​ ​ ​ ​ ​ August 28, August 29, (in thousands) ​ 2021 ​ 2020 ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 31,942 ​ $ 30,892 Additions based on tax positions related to the current year ​ 10,806 ​ 8,512 Additions for tax positions of prior years ​ 4,009 ​ 946 Reductions for tax positions of prior years ​ (886) ​ (4,124) Reductions due to settlements ​ (2,204) ​ — Reductions due to statute of limitations ​ (3,870) ​ (4,284) ​ ​ ​ ​ ​ ​ ​ Ending balance ​ $ 39,797 ​ $ 31,942 ​ Included in the August 28, 2021 and the August 29, 2020 balances are $25.8 million and $18.9 million, respectively, of unrecognized tax benefits that, if recognized, would reduce the Company’s effective tax rate. The balances above also include amounts of $10.4 million and $10.5 million for August 28, 2021 and the August 29, 2020, respectively, that are accounted for as reductions to deferred tax assets for NOL carryforwards and tax credit carryforwards. It is anticipated that in the event the associated uncertain tax positions are disallowed, the NOL carryforwards and tax credit carryforwards would be utilized to settle the liability. ​ The Company accrues interest on unrecognized tax benefits as a component of income tax expense. Penalties, if incurred, would be recognized as a component of income tax expense. The Company had $2.4 million and $1.6 million accrued for the payment of interest and penalties associated with unrecognized tax benefits at August 28, 2021 and August 29, 2020, respectively. ​ The Company files U.S. federal, U.S. state and local, and international income tax returns. With few exceptions, the Company is no longer subject to U.S. federal, U.S. state and local, or Non-U.S. examinations by tax authorities for fiscal year 2016 and prior. The Company is typically engaged in various tax examinations at any given time by U.S. federal, U.S. state and local, and Non-U.S. taxing jurisdictions. As of August 28, 2021, the Company estimates that the amount of unrecognized tax benefits could be reduced by approximately $2.2 million over the next twelve months as a result of tax audit settlements. While the Company believes that it is adequately accrued for possible audit adjustments, the final resolution of these examinations cannot be determined at this time and could result in final settlements that differ from current estimates. ​

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Aug. 28, 2021
Fair Value Measurements
Fair Value Measurements	Note E – Fair Value Measurements The Company defines fair value as the price received to transfer an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. In accordance with ASC 820, Fair Value Measurements and Disclosures Level 1 inputs — Level 2 inputs — Level 3 inputs — Marketable Debt Securities Measured at Fair Value on a Recurring Basis The Company’s marketable debt securities measured at fair value on a recurring basis were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ August 28, 2021 (in thousands) Level 1 Level 2 Level 3 Fair Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other current assets ​ $ 46,007 ​ $ — ​ $ — ​ $ 46,007 Other long-term assets ​ 54,105 ​ 13,806 ​ — ​ 67,911 ​ ​ $ 100,112 ​ $ 13,806 ​ $ — ​ $ 113,918 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ August 29, 2020 (in thousands) Level 1 Level 2 Level 3 Fair Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other current assets ​ $ 75,651 ​ $ 467 ​ $ — ​ $ 76,118 Other long-term assets ​ 58,792 ​ 12,329 ​ — ​ 71,121 ​ ​ $ 134,443 ​ $ 12,796 ​ $ — ​ $ 147,239 ​ At August 28, 2021, the fair value measurement amounts for assets and liabilities recorded in the accompanying Consolidated Balance Sheet consisted of short-term marketable debt securities of $46.0 million, which are included within Other current assets and long-term marketable debt securities of $67.9 million, which are included in Other long-term assets. The Company’s marketable debt securities are typically valued at the closing price in the principal active market as of the last business day of the quarter or through the use of other market inputs relating to the debt securities, including benchmark yields and reported trades. A discussion on how the Company’s cash flow hedges are valued is included in “Note H – Derivative Financial Instruments,” while the fair values of the marketable debt securities by asset class are described in “Note F – Marketable Debt Securities.” Non-Financial Assets Measured at Fair Value on a Non-Recurring Basis Certain non-financial assets and liabilities are required to be measured at fair value on a non-recurring basis in certain circumstances, including the event of impairment. These non-financial assets and liabilities could include assets and liabilities acquired in an acquisition as well as goodwill, intangible assets and property, plant and equipment that are determined to be impaired. At August 28, 2021, the Company did not have any other significant non-financial assets or liabilities that had been measured at fair value on a non-recurring basis subsequent to initial recognition. Financial Instruments not Recognized at Fair Value The Company has financial instruments, including cash and cash equivalents, accounts receivable, other current assets and accounts payable. The carrying amounts of these financial instruments approximate fair value because of their short maturities. A discussion of the carrying values and fair values of the Company’s debt is included in “Note I – Financing.”

Marketable Debt Securities

Marketable Debt Securities	12 Months Ended
	Aug. 28, 2021
Marketable Debt Securities
Marketable Debt Securities	Note F – Marketable Debt Securities The Company’s basis for determining the cost of a security sold is the “Specific Identification Model.” Unrealized gains (losses) on marketable debt securities are recorded in Accumulated Other Comprehensive Loss. The Company’s available-for-sale marketable debt securities consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ August 28, 2021 ​ Amortized Gross Gross ​ ​ ​ Cost ​ Unrealized ​ Unrealized ​ Fair (in thousands) ​ Basis ​ Gains ​ Losses ​ Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate debt securities ​ $ 23,650 ​ $ 329 ​ $ (2) ​ $ 23,977 Government bonds ​ 65,416 ​ 338 ​ (2) ​ 65,752 Mortgage-backed securities ​ 6,552 ​ 58 ​ (8) ​ 6,602 Asset-backed securities and other ​ 17,551 ​ 43 ​ (7) ​ 17,587 ​ ​ $ 113,169 ​ $ 768 ​ $ (19) ​ $ 113,918 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ August 29, 2020 ​ Amortized Gross Gross ​ ​ ​ Cost ​ Unrealized ​ Unrealized ​ Fair (in thousands) ​ Basis ​ Gains ​ Losses ​ Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate debt securities ​ $ 46,652 ​ $ 970 ​ $ (4) ​ $ 47,618 Government bonds ​ 44,594 ​ 1,172 ​ — ​ 45,766 Mortgage-backed securities ​ 4,842 ​ 75 ​ — ​ 4,917 Asset-backed securities and other ​ 48,798 ​ 143 ​ (3) ​ 48,938 ​ ​ $ 144,886 ​ $ 2,360 ​ $ (7) ​ $ 147,239 ​ The marketable debt securities held at August 28, 2021, had effective maturities ranging from less than one year to approximately four years. The Company did not realize any material gains or losses on its marketable debt securities during fiscal 2021, 2020 or 2019. In evaluating whether a credit loss exists for the marketable debt securities, the Company considers factors such as the severity of the loss position, the credit worthiness of the investee, the term to maturity and the intent and ability to hold the investments until maturity or recovery of fair value. An allowance for credit losses was deemed unnecessary given consideration of the factors above. Included above in total marketable debt securities are $62.5 million and $30.1 million of marketable debt securities transferred by the Company’s insurance captive to a trust account to secure its obligations to an insurance company related to future workers’ compensation and casualty losses as of August 28, 2021 and August 29, 2020, respectively.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	12 Months Ended
	Aug. 28, 2021
Equity
Accumulated Other Comprehensive Loss	Note G – Accumulated Other Comprehensive Loss Accumulated Other Comprehensive Loss includes certain adjustments to foreign currency translation adjustments, certain activity for interest rate swaps and treasury rate locks that qualify as cash flow hedges and unrealized gains (losses) on available-for-sale marketable debt securities. Changes in Accumulated Other Comprehensive Loss consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized ​ ​ ​ ​ ​ ​ ​ ​ Foreign ​ Gain (Loss) ​ ​ ​ ​ ​ ​ (in thousands) Currency (1) on Securities ​ Derivatives ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at August 31, 2019 ​ $ (265,598) ​ $ 591 ​ $ (4,315) ​ $ (269,322) Other Comprehensive (Loss) Income before reclassifications ​ (66,723) ​ 1,117 ​ (28,197) ​ (93,803) Amounts reclassified from Accumulated Other Comprehensive Income (Loss) (2)(3) ​ — ​ 137 ​ 8,736 ​ 8,873 Balance at August 29, 2020 ​ ​ (332,321) ​ ​ 1,845 ​ ​ (23,776) ​ ​ (354,252) Other Comprehensive Income (Loss) before reclassifications ​ 44,683 ​ (1,379) ​ — ​ 43,304 Amounts reclassified from Accumulated Other Comprehensive (Loss) Income (2)(3) ​ — ​ 123 ​ 2,839 ​ 2,962 Balance at August 28, 2021 ​ $ (287,638) ​ $ 589 ​ $ (20,937) ​ $ (307,986) ​ (1) Foreign currency is shown net of U.S. tax to account for foreign currency impacts of certain undistributed non-U.S. subsidiaries earnings. Other foreign currency is not shown net of additional U.S. tax as other basis differences of non-U.S. subsidiaries are intended to be permanently reinvested (2) Amounts in parentheses indicate debits to Accumulated Other Comprehensive Loss. (3) Amounts shown are net of taxes/tax benefits.

Derivative Financial Instrument

Derivative Financial Instruments	12 Months Ended
	Aug. 28, 2021
Derivative Financial Instruments
Derivative Financial Instruments	Note H – Derivative Financial Instruments The Company periodically uses derivatives to hedge exposures to interest rates. The Company does not hold or issue financial instruments for trading purposes. For transactions that meet the hedge accounting criteria, the Company formally designates and documents the instrument as a hedge at inception and quarterly thereafter assesses the hedges to ensure they are effective in offsetting changes in the cash flows of the underlying exposures. Derivatives are recorded in the Company’s Consolidated Balance Sheet at fair value, determined using available market information or other appropriate valuation methodologies. In accordance with ASC Topic 815, Derivatives and Hedging ​ At August 28, 2021, the Company had $27.5 million recorded in Accumulated Other Comprehensive Loss related to net realized losses associated with terminated interest rate swap and treasury rate lock derivatives which were designated as hedging instruments. Net losses are amortized into Interest expense over the remaining life of the associated debt. During fiscal 2021, the Company reclassified $3.7 million of net losses from Accumulated Other Comprehensive Loss to Interest expense. During fiscal 2020, the Company reclassified $2.6 million of net losses from Accumulated Other Comprehensive Loss to Interest expense. The Company expects to reclassify $3.6 million of net losses from Accumulated Other Comprehensive Loss to Interest expense over the next 12 months.

Financing

Financing	12 Months Ended
	Aug. 28, 2021
Financing
Financing	​ ​ Note I – Financing ​ The Company’s debt consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ August 28, August 29, (in thousands) ​ 2021 ​ 2020 ​ ​ ​ ​ ​ ​ ​ 2.500% Senior Notes due April 2021, effective interest rate of 2.62% ​ $ — ​ $ 250,000 3.700% Senior Notes due April 2022, effective interest rate of 3.85% ​ 500,000 ​ 500,000 2.875% Senior Notes due January 2023, effective interest rate of 3.21% ​ 300,000 ​ 300,000 3.125% Senior Notes due July 2023, effective interest rate of 3.26% ​ 500,000 ​ 500,000 3.125% Senior Notes due April 2024, effective interest rate 3.32% ​ 300,000 ​ 300,000 3.250% Senior Notes due April 2025, effective interest rate 3.36% ​ 400,000 ​ 400,000 3.625% Senior Notes due April 2025, effective interest rate 3.78% ​ ​ 500,000 ​ ​ 500,000 3.125% Senior Notes due April 2026, effective interest rate of 3.28% ​ 400,000 ​ 400,000 3.750% Senior Notes due June 2027, effective interest rate of 3.83% ​ 600,000 ​ 600,000 3.750% Senior Notes due April 2029, effective interest rate of 3.86% ​ 450,000 ​ 450,000 4.000% Senior Notes due April 2030, effective interest rate 4.09% ​ ​ 750,000 ​ ​ 750,000 1.650% Senior Notes due January 2031, effective interest rate of 2.19% ​ ​ 600,000 ​ ​ 600,000 Total debt before discounts and debt issuance costs ​ 5,300,000 ​ 5,550,000 Less: Discounts and debt issuance costs ​ 30,180 ​ 36,629 Long-term debt ​ $ 5,269,820 ​ $ 5,513,371 ​ The Company entered into a Master Extension, New Commitment and Amendment Agreement dated as of November 18, 2017 (the “Extension Amendment”) to the Third Amended and Restated Credit Agreement dated as of November 18, 2016, as amended, modified, extended or restated from time to time (the “Revolving Credit Agreement”). Under the Extension Amendment: (i) the Company’s borrowing capacity under the Revolving Credit Agreement was increased from $1.6 billion to $2.0 billion; (ii) the maximum borrowing under the Revolving Credit Agreement may, at the Company’s option, subject to lenders approval, be increased from $2.0 billion to $2.4 billion; (iii) the termination date of the Revolving Credit Agreement was extended from November 18, 2021 until November 18, 2022; and (iv) the Company has the option to make one additional written request of the lenders to extend the termination As of August 28, 2021, the Company had no outstanding borrowings and $1.7 million of outstanding letters of credit under the Revolving Credit Agreement. The Company intends to amend and restate its Revolving Credit Agreement and anticipates closing the agreement during the first quarter of fiscal year 2022. Under the Company’s Revolving Credit Agreement, covenants include restrictions on liens, a maximum debt to earnings ratio, a minimum fixed charge coverage ratio and a change of control provision that may require acceleration of the repayment obligations under certain circumstances. The Revolving Credit Agreement requires that the Company’s consolidated interest coverage ratio as of the last day of each quarter shall be no less than 2.5:1. This ratio is defined as the ratio of (i) consolidated earnings before interest, taxes and rents to (ii) consolidated interest expense plus consolidated rents. The Company’s consolidated interest coverage ratio as of August 28, 2021 was 6.9:1. On April 3, 2020, the Company entered into a 364-Day Credit Agreement (the “364-Day Credit Agreement”) to supplement the Company’s existing Revolving Credit Agreement. The 364-day Credit Agreement had a termination date of, and any amounts borrowed under the 364-Day Credit Agreement were due and payable on, April 2, 2021. Revolving loans under the 364-Day Credit Agreement could be base rate loans, Eurodollar Loans, or a combination of both, at the Company’s election. Effective February 22, 2021, the Company terminated the 364-Day Credit Agreement. There were no borrowings outstanding under the 364-Day Credit Agreement. The Company entered into the 364-Day Credit Agreement to augment its access to liquidity due to macroeconomic conditions existing at the time, and the Company determined the additional access to liquidity was no longer necessary. As of August 28, 2021, the $500 million 3.700% Senior Notes due April 2022 are classified as long-term in the accompanying Consolidated Balance Sheets as the Company has the ability and intent to refinance them on a long-term basis through available capacity in its Revolving Credit Agreement. As of August 28, 2021, the Company had $1.998 billion of availability under its $2.0 billion Revolving Credit Agreement, which would allow the Company to replace these short-term obligations with a long-term financing facility. On March 15, 2021 the Company repaid the $250 million 2.500% Senior Notes due April 2021, which were callable at par in March 2021. On August 14, 2020, the Company issued $600 million in 1.650% Senior Notes due January 2031 under its automatic shelf registration statement on Form S-3, filed with the SEC on April 4, 2019 (File No. 333-230719) (the “2019 Shelf Registration Statement”). The 2019 Shelf Registration Statement allows the Company to sell an indeterminate amount in debt securities to fund general corporate purposes, including repaying, redeeming or repurchasing outstanding debt and for working capital, capital expenditures, new store openings, stock repurchases and acquisitions. Proceeds from the debt issuance were used for general corporate purposes, including the repayment of the $500 million in 4.000% Senior Notes due in November 2020 that were callable at par in August 2020. On March 30, 2020, the Company issued $500 million in 3.625% Senior Notes due April 2025 and $750 million in 4.000% Senior Notes due April 2030 under the 2019 Shelf Registration Statement. Proceeds from the debt issuance were used to repay a portion of the outstanding commercial paper borrowings and for other general corporate purposes. On April 18, 2019, the Company issued $300 million in 3.125% Senior Notes due April 2024 and $450 million in 3.750% Senior Notes due April 2029 under the 2019 Shelf Registration Statement. Proceeds from the debt issuance were used to repay a portion of the outstanding commercial paper borrowings, the $250 million in 1.625% Senior Notes due in April 2019 and for other general corporate purposes. All Senior Notes are subject to an interest rate adjustment if the debt ratings assigned to the Senior Notes are downgraded (as defined in the agreements). Further, the Senior Notes contain a provision that repayment of the Senior Notes may be accelerated if the Company experiences a change in control (as defined in the agreements). The Company’s borrowings under its senior notes contain minimal covenants, primarily restrictions on liens. All of the repayment obligations under its borrowing arrangements may be accelerated and come due prior to the scheduled payment date if covenants are breached or an event of default occurs. Interest for Senior Notes is paid on a semi-annual basis. The Company also maintains a letter of credit facility that allows it to request the participating bank to issue letters of credit on its behalf up to an aggregate amount of $25 million. The letter of credit facility is in addition to the letters of credit that may be issued under the Revolving Credit Agreement. As of August 28, 2021, the Company had $23.9 million in letters of credit outstanding under the letter of credit facility which expires in June 2022. In addition to the outstanding letters of credit issued under the committed facility discussed above, the Company had $136.8 million in letters of credit outstanding as of August 28, 2021. These letters of credit have various maturity dates and were issued on an uncommitted basis. As of August 28, 2021, the Company was in compliance with all covenants related to its borrowing arrangements. ​ The fair value of the Company’s debt was estimated at $5.683 billion as of August 28, 2021, and $6.081 billion as of August 29, 2020, based on the quoted market prices for the same or similar issues or on the current rates available to the Company for debt of the same terms (Level 2). Such fair value is greater than the carrying value of debt by $413.1 million and $567.5 million at August 28, 2021 and August 29, 2020, respectively. This amount reflects face amount, adjusted for any unamortized debt issuance costs and discounts. ​ All of the Company’s debt is unsecured. Scheduled maturities of debt are as follows: ​ ​ ​ ​ ​ Scheduled (in thousands) ​ Maturities ​ ​ ​ ​ 2022 ​ $ 500,000 2023 ​ 800,000 2024 ​ 300,000 2025 ​ 900,000 2026 ​ 400,000 Thereafter ​ 2,400,000 Subtotal ​ 5,300,000 Discount and debt issuance costs ​ 30,180 Total Debt ​ $ 5,269,820 ​

Interest Expense

Interest Expense	12 Months Ended
	Aug. 28, 2021
Interest Expense.
Interest Expense	Note J – Interest Expense Net interest expense consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended ​ August 28, August 29, August 31, (in thousands) ​ 2021 ​ 2020 ​ 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest expense ​ $ 202,326 ​ $ 208,021 ​ $ 193,671 Interest income ​ (5,417) ​ (5,689) ​ (7,396) Capitalized interest ​ (1,572) ​ (1,167) ​ (1,471) ​ ​ $ 195,337 ​ $ 201,165 ​ $ 184,804 ​

Stock Repurchase Program

Stock Repurchase Program	12 Months Ended
	Aug. 28, 2021
Equity
Stock Repurchase Program	Note K – Stock Repurchase Program During 1998, the Company announced a program permitting the Company to repurchase a portion of its outstanding shares not to exceed a dollar maximum established by the Company’s Board of Directors. The share repurchase program was amended on December 15, 2020 to increase the repurchase authorization to $24.65 billion from $23.15 billion and on March 23, 2021 to increase the repurchase authorization to $26.15 billion. The Company has $417.6 million remaining under the Board’s authorization to repurchase its common stock. ​ The Company’s share repurchase activity consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended ​ August 28, August 29, August 31, (in thousands) ​ 2021 ​ 2020 ​ 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount ​ $ 3,378,321 ​ $ 930,903 ​ $ 2,004,896 Shares ​ 2,592 ​ 826 ​ 2,182 ​ During fiscal year 2021, the Company retired 1.0 million shares of treasury stock which had previously been repurchased under the Company’s share repurchase program. The retirement increased Retained deficit by $1.139 billion and decreased Additional paid-in capital by $60.0 million. During the comparable prior year period, the Company retired 1.9 million shares of treasury stock, which increased Retained deficit by $1.879 billion and decreased Additional paid-in capital by $99.7 million. Beginning in the first quarter of fiscal 2021, the Company restarted share repurchases under its share repurchase program, which had been temporarily suspended during fiscal 2020 in response to the uncertainty surrounding the COVID-19 pandemic. The Company will continue to evaluate current and expected business conditions and adjust the level of share repurchases under its share repurchase program as it deems appropriate. On October 5, 2021, the Board voted to authorize the repurchase of an additional $1.5 billion of the Company’s common stock in connection with the Company’s ongoing share repurchase program. Since the inception of the repurchase program in 1998, the Board has authorized $27.65 billion in share repurchases. Subsequent to August 28, 2021 and through October 18, 2021, the Company has repurchased 220,022 shares of common stock at an aggregate cost of $362.8 million. Considering the cumulative repurchases and the increase in authorization subsequent to August 28, 2021, the Company has $1.555 billion remaining under the Board’s authorization to repurchase its common stock.

401(k) Savings Plans

401(k) Savings Plans	12 Months Ended
	Aug. 28, 2021
401(k) Savings Plans
401(k) Savings Plans	Note L – 401(k) Savings Plan The Company has a 401(k) plan that covers all domestic employees who meet the plan’s participation requirements. The plan features include Company matching contributions, immediate 100% vesting of Company contributions and a savings option up to 25% of qualified earnings. The Company makes matching contributions, per pay period, up to a specified percentage of employees’ contributions as approved by the Board. The Company made matching contributions to employee accounts in connection with the 401(k) plan of $34.1 million in fiscal 2021, $29.8 million in fiscal 2020 and $25.8 million in fiscal 2019.

Leases

Leases	12 Months Ended
	Aug. 28, 2021
Leases.
Leases	​ ​ Note M – Leases Lease-related assets and liabilities recorded on the Consolidated Balance Sheets are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (in thousands) Classification August 28, 2021 ​ August 29, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets: ​ ​ ​ ​ Operating Operating lease right-of-use assets ​ $ 2,718,712 ​ $ 2,581,677 Finance Property and equipment ​ 383,736 ​ 327,006 Total lease assets ​ $ 3,102,448 ​ $ 2,908,683 Liabilities: ​ ​ ​ Current: ​ ​ ​ ​ ​ ​ ​ ​ Operating Current portion of operating lease liabilities ​ $ 236,568 ​ $ 223,846 Finance Accrued expenses and other ​ 89,932 ​ 67,498 Noncurrent: ​ ​ ​ Operating Operating lease liabilities, less current portion ​ 2,632,842 ​ 2,501,560 Finance Other long-term liabilities ​ 186,122 ​ 155,855 Total lease liabilities ​ $ 3,145,464 ​ $ 2,948,759 ​ Accumulated amortization related to finance lease assets was $107.0 million as of August 28, 2021 and $107.3 million as of August 29, 2020. Lease costs for finance and operating leases for the 52 weeks ended August 28, 2021 and August 29, 2020 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended (in thousands) ​ Statement of Income Location ​ August 28, 2021 ​ August 29, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Finance lease cost: ​ ​ ​ ​ Amortization of lease assets Depreciation and amortization ​ ​ $ 53,377 ​ $ 55,920 Interest on lease liabilities Interest expense, net ​ ​ 2,957 ​ 4,355 Operating lease cost (1) Selling, general and administrative expenses ​ ​ 371,109 ​ 355,230 Total lease cost ​ ​ ​ ​ $ 427,443 ​ $ 415,505 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Includes short-term leases, variable lease costs and sublease income, which are immaterial. 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 28, 2021 having initial or remaining lease terms in excess of one year are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Finance Operating ​ (in thousands) ​ Leases ​ Leases ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 ​ $ 91,228 ​ $ 323,245 ​ $ 414,473 2023 ​ 56,534 ​ 346,367 ​ 402,901 2024 ​ 50,435 ​ 325,775 ​ 376,210 2025 ​ 39,628 ​ 300,916 ​ 340,544 2026 ​ 18,294 ​ 272,157 ​ 290,451 Thereafter ​ 48,380 ​ 2,114,538 ​ 2,162,918 Total lease payments ​ ​ 304,499 ​ ​ 3,682,998 ​ 3,987,497 Less: Interest ​ (28,445) ​ (813,588) ​ (842,033) Present value of lease liabilities ​ $ 276,054 ​ $ 2,869,410 ​ $ 3,145,464 ​ The following table summarizes the Company’s lease term and discount rate assumptions: ​ ​ ​ ​ ​ ​ ​ ​ ​ August 28, 2021 ​ ​ ​ ​ ​ Weighted-average remaining lease term in years, inclusive of renewal options that are reasonably certain to be exercised: ​ Finance leases – real estate 25 ​ Finance leases – vehicles 4 ​ Operating leases 15 ​ Weighted-average discount rate: ​ Finance leases – real estate 3.75 % Finance leases – vehicles 1.37 % Operating leases 3.44 % ​ Cash paid for amounts included in the measurement of operating lease liabilities of $300.6 million and $352.9 million was reflected in cash flows from operating activities in the consolidated statement of cash flows for fiscal years 2021 and 2020, respectively. As of August 28, 2021, the Company has entered into additional leases which have not yet commenced and are therefore not part of the right-of-use asset and liability. These leases have undiscounted future payments of approximately $40.1 million and $69.2 million for real estate and vehicles, respectively, and will commence when the Company obtains possession of the underlying leased asset. Commencement dates are expected to be from fiscal 2022 to fiscal 2023.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Aug. 28, 2021
Commitments and Contingencies.
Commitments and Contingencies	Note N – Commitments and Contingencies Construction commitments, primarily for new stores, totaled approximately $48.2 million at August 28, 2021. The Company had $162.4 million in outstanding standby letters of credit and $35.4 million in surety bonds as of August 28, 2021, which all have expiration periods of less than one year. A substantial portion of the outstanding standby letters of credit (which are primarily renewed on an annual basis) and surety bonds are used to cover reimbursement obligations to our workers’ compensation carriers. There are no additional contingent liabilities associated with these instruments as the underlying liabilities are already reflected in the Consolidated Balance Sheets. The standby letters of credit and surety bonds arrangements have automatic renewal clauses.

Litigation

Litigation	12 Months Ended
	Aug. 28, 2021
Litigation
Litigation	Note O – Litigation The Company is involved in various legal proceedings incidental to the conduct of its business, including, but not limited to, several lawsuits containing class-action allegations in which the plaintiffs are current and former hourly and salaried employees who allege various wage and hour violations and unlawful termination practices. The Company does not currently believe that, either individually or in the aggregate, these matters will result in liabilities material to the Company’s financial condition, results of operations or cash flows.

Segment Reporting

Segment Reporting	12 Months Ended
	Aug. 28, 2021
Segment Reporting
Segment Reporting	Note P – Segment Reporting The Company’s operating segments (Domestic Auto Parts, Mexico and Brazil) are aggregated as one reportable segment: Auto Parts Stores. The criteria the Company used to identify the reportable segment are primarily the nature of the products the Company sells and the operating results that are regularly reviewed by the Company’s chief operating decision maker to make decisions about the resources to be allocated to the business units and to assess performance. The accounting policies of the Company’s reportable segment are the same as those described in “Note A – Significant Accounting Policies.” The Auto Parts Stores segment is a retailer and distributor of automotive parts and accessories through the Company’s 6,767 stores in the U.S., Mexico and Brazil. Each store carries an extensive product line for cars, sport utility vehicles, vans and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories and non-automotive products. The Other category reflects business activities of two operating segments that are not separately reportable due to the materiality of these operating segments. The operating segments include ALLDATA, which produces, sells and maintains diagnostic and repair information software used in the automotive repair industry and E-commerce, which includes direct sales to customers through www.autozone.com for sales that are not fulfilled by local stores. The Company evaluates its reportable segment primarily on the basis of net sales and segment profit, which is defined as gross profit. The following table shows segment results for the following fiscal years ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended ​ August 28, August 29, August 31, (in thousands) ​ 2021 ​ 2020 ​ 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net Sales ​ ​ ​ Auto Parts Stores ​ $ 14,381,712 ​ $ 12,405,929 ​ $ 11,645,235 Other ​ 247,873 ​ 226,038 ​ 218,508 Total ​ $ 14,629,585 ​ $ 12,631,967 ​ $ 11,863,743 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment Profit ​ ​ ​ Auto Parts Stores ​ $ 7,556,889 ​ $ 6,617,508 ​ $ 6,209,229 Other ​ 160,896 ​ 153,245 ​ 155,772 Gross profit ​ 7,717,785 ​ 6,770,753 ​ 6,365,001 Operating, selling, general and administrative expenses ​ (4,773,258) ​ (4,353,074) ​ (4,148,864) Interest expense, net ​ (195,337) ​ (201,165) ​ (184,804) Income before income taxes ​ $ 2,749,190 ​ $ 2,216,514 ​ $ 2,031,333 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment Assets: ​ ​ ​ Auto Parts Stores ​ $ 14,398,581 ​ $ 14,303,427 ​ $ 9,781,926 Other ​ 117,618 ​ 120,445 ​ 113,987 Total ​ $ 14,516,199 ​ $ 14,423,872 ​ $ 9,895,913 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital Expenditures: ​ ​ ​ Auto Parts Stores ​ $ 602,329 ​ $ 432,067 ​ $ 479,120 Other ​ 19,438 ​ 25,669 ​ 16,930 Total ​ $ 621,767 ​ $ 457,736 ​ $ 496,050 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Auto Parts Stores Sales by Product Grouping: ​ ​ ​ Failure ​ $ 7,048,700 ​ $ 6,088,859 ​ $ 5,728,294 Maintenance items ​ 4,888,763 ​ 4,284,913 ​ 4,140,987 Discretionary ​ 2,444,249 ​ 2,032,157 ​ 1,775,954 Auto Parts Stores net sales ​ $ 14,381,712 ​ $ 12,405,929 ​ $ 11,645,235 ​

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	12 Months Ended
	Aug. 28, 2021
Significant Accounting Policies
Business	Business:
Fiscal Year	Fiscal Year:
Basis of Presentation	Basis of Presentation:
Variable Interest Entities	Variable Interest Entities: ​ The Company considers its investment in these tax credit funds as an investment in a variable interest entity (“VIE”). The Company evaluates the investment in any VIE to determine whether it is the primary beneficiary. The Company considers a variety of factors in identifying the entity that holds the power to direct matters that most significantly impact the VIE’s economic performance including, but not limited to, the ability to direct financing, leasing, construction and other operating decisions and activities. As of August 28, 2021, the Company held tax credit equity investments that were deemed to be VIE’s and determined that it was not the primary beneficiary of the entities, as it did not have the power to direct the activities that most significantly impacted the entity and accounted for this investment using the equity method. The Company’s maximum exposure to losses is limited to its net investment, which was $11.8 million as of August 28, 2021 and $6.5 million as of August 29, 2020, and was included within the Other long-term assets caption in the accompanying Consolidated Balance Sheets.
Use of Estimates	Use of Estimates:
Cash and Cash Equivalents	Cash and Cash Equivalents: Cash balances are held in various locations around the world. Cash and cash equivalents of $80.4 million and $62.4 million were held outside of the U.S. as of August 28, 2021, and August 29, 2020, respectively, and were generally utilized to support the liquidity needs in foreign operations.
Accounts Receivable	Accounts Receivable: Financial Instruments - Credit Losses (Topic 326) Receivables are presented net of an allowance for credit losses. Allowances for expected credit losses are determined based on historical experience, the current economic environment as well as our expectations of future economic conditions and the current evaluation of the composition of accounts receivable. The Company will apply adjustments for specific factors and current economic conditions as needed at each reporting date. The Company’s allowance for credit losses are included in “Accounts receivable” on the accompanying Consolidated Balance Sheets as of August 28, 2021 and August 29, 2020. The balance of the allowance for credit losses was $11.4 million at August 28, 2021, and $10.0 million at August 29, 2020.
Vendor Receivables	Vendor Receivables:
Merchandise Inventories	Merchandise Inventories:
Marketable Debt Securities	Marketable Debt Securities:
Property and Equipment	Property and Equipment: 40 5 3
Impairment of Long-Lived Assets	​ Impairment of Long-Lived Assets:
Goodwill	Goodwill:
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities: AutoZone’s financial market risk results primarily from changes in interest rates. At times, AutoZone reduces its exposure to changes in interest rates by entering into various interest rate hedge instruments such as interest rate swap contracts, treasury lock agreements and forward-starting interest rate swaps. All of the Company’s interest rate hedge instruments are designated as cash flow hedges. (Refer to “Note H – Derivative Financial Instruments” for additional disclosures regarding the Company’s derivative instruments and hedging activities.) Cash flows related to these instruments designated as qualifying hedges are reflected in the accompanying Consolidated Statements of Cash Flows in the same categories as the cash flows from the items being hedged. Accordingly, cash flows relating to the settlement of interest rate derivatives hedging the forecasted issuance of debt have been reflected upon settlement as a component of financing cash flows. The resulting gain or loss from such settlement is deferred to Accumulated Other Comprehensive Loss and reclassified to interest expense over the term of the underlying debt. This reclassification of the deferred gains and losses impacts the interest expense recognized on the underlying debt that was hedged and is therefore reflected as a component of operating cash flows in periods subsequent to settlement.
Foreign Currency	Foreign Currency:
Self-Insurance Reserves	​ Self-Insurance Reserves: The assumptions made by management in estimating its self-insurance reserves include consideration of historical cost experience, judgments about the present and expected levels of cost per claim and retention levels. The Company utilizes various methods, including analyses of historical trends and use of a specialist, to estimate the costs to settle reported claims and claims incurred but not yet reported. The actuarial methods develop estimates of the future ultimate claim costs based on claims incurred as of the balance sheet date. When estimating these liabilities, the Company considers factors, such as the severity, duration and frequency of claims, legal costs associated with claims, healthcare trends and projected inflation of related factors. The Company’s liabilities for workers’ compensation, general and product liability, property and vehicle claims do not have scheduled maturities; however, the timing of future payments is predictable based on historical patterns and is relied upon in determining the current portion of these liabilities. Accordingly, the Company reflects the net present value of the obligations it determines to be long-term using the risk-free interest rate as of the balance sheet date.
Leases	Leases: one Lease-related assets and liabilities are recognized for all leases with an initial term of 12 months or greater. The exercise of lease renewal options is at the Company’s sole discretion. The Company evaluates renewal options at commencement and on an ongoing basis and includes options that are reasonably certain to exercise in its expected lease terms when classifying leases and measuring lease liabilities. Certain lease agreements require variable payments based upon actual costs of common-area maintenance, real estate taxes and insurance.
Financial Instruments	Financial Instruments:
Income Taxes	Income Taxes: The Company recognizes liabilities for uncertain income tax positions based on a two-step process. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates that it is more likely than not that the position will be sustained on audit, including resolution of related appeals or litigation processes, if any. The second step requires the Company to estimate and measure the tax benefit as the largest amount that is more than 50% likely to be realized upon ultimate settlement. The Company reevaluates these uncertain tax positions on a quarterly basis or when new information becomes available to management. These reevaluations are based on factors including, but not limited to, changes in facts or circumstances, changes in tax law, successfully settled issues under audit, expirations due to statutes and new audit activity. Such a change in recognition or measurement could result in the recognition of a tax benefit or an increase to the tax accrual. The Company classifies interest related to income tax liabilities, and if applicable, penalties, as a component of Income tax expense. The income tax liabilities and accrued interest and penalties are expected to be payable within one year of the balance sheet date are presented within the Accrued expenses and other caption in the accompanying Consolidated Balance Sheets. The remaining portion of the income tax liabilities and accrued interest and penalties are presented within the Other long-term liabilities caption in the accompanying Consolidated Balance Sheets because payment of cash is not anticipated within one year of the balance sheet date. (Refer to “Note D – Income Taxes” for additional disclosures regarding the Company’s income taxes.)
Sales and Use Taxes	Sales and Use Taxes:
Dividends	Dividends:
Revenue Recognition	Revenue Recognition: The Company’s performance obligations are typically satisfied when the customer takes possession of the merchandise. Revenue from retail customers is recognized when the customer leaves our store with the purchased products, typically at the point of sale or for E-commerce orders when the product is shipped. Revenue from commercial customers is recognized upon delivery, typically same-day. Payment from retail customers is at the point of sale and payment terms for commercial customers are based on the Company’s pre-established credit requirements and generally range from 1 to 30 days. Discounts, sales incentives and rebates are treated as separate performance obligations, and revenue allocated to these performance obligations is recognized as the obligations to the customer are satisfied. Additionally, the Company estimates and records gift card breakage as redemptions occur. The Company offers diagnostic and repair information software used in the automotive repair industry through ALLDATA. This revenue is recognized as services are provided. Revenue from these services are recognized over the life of the contract. A portion of the Company’s transactions include the sale of auto parts that contain a core component. The core component represents the recyclable portion of the auto part. Customers are not charged for the core component of the new part if a used core is returned at the point of sale of the new part; otherwise the Company charges customers a specified amount for the core component. The Company refunds that same amount upon the customer returning a used core to the store at a later date. The Company does not recognize sales or cost of sales for the core component of these transactions when a used part is returned or expected to be returned from the customer. There were no material contract assets, liabilities or deferred costs recorded on the Consolidated Balance Sheet as of August 28, 2021 and August 29, 2020. Revenue related to unfulfilled performance obligations as of August 28, 2021 and August 29, 2020 is not significant. (Refer to “Note P – Segment Reporting” for additional information related to revenue recognized during the period.)
Vendor Allowances and Advertising Costs	Vendor Allowances and Advertising Costs: Rebates and other miscellaneous incentives are earned based on purchases or product sales and are accrued ratably over the purchase or sale of the related product. These monies are generally recorded as a reduction of merchandise inventories and are recognized as a reduction to cost of sales as the related inventories are sold. For arrangements that provide for reimbursement of specific, incremental, identifiable costs incurred by the Company in selling the vendors’ products, the vendor funds are recorded as a reduction to Operating, selling, general and administrative expenses in the period in which the specific costs were incurred. The Company expenses advertising costs as incurred. Advertising expense, net of vendor promotional funds, was $85.9 million in fiscal 2021, $77.6 million in fiscal 2020 and $87.5 million in fiscal 2019. Vendor promotional funds, which reduced advertising expense, amounted to $53.2 million in fiscal 2021, $39.4 million in fiscal 2020 and $32.2 million in fiscal 2019.
Cost of Sales and Operating, Selling, General and Administrative Expenses	Cost of Sales and Operating, Selling, General and Administrative Expenses: Cost of Sales ● Total cost of merchandise sold, including: o Freight expenses associated with moving merchandise inventories from the Company’s vendors to the distribution centers; o Vendor allowances that are not reimbursements for specific, incremental and identifiable costs ● Costs associated with operating the Company’s supply chain, including payroll and benefits, warehouse occupancy, transportation and depreciation; and ● Inventory shrinkage ​ Operating, Selling, General and Administrative Expenses ● Payroll and benefits for store, field leadership and store support employees; ● Occupancy of store and store support facilities; ● Depreciation and amortization related to store and store support assets; ● Transportation associated with field leadership, commercial sales force and deliveries from stores; ● Advertising; ● Self-insurance; and ● Other administrative costs, such as credit card transaction fees, legal costs, supplies and travel and lodging
Warranty Costs	Warranty Costs:
Shipping and Handling Costs	Shipping and Handling Costs:
Pre-opening Expenses	Pre-opening Expenses:
Earnings per Share	Earnings per Share
Share-Based Payments	Share-Based Payments:
Risk and Uncertainties	Risk and Uncertainties:
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements: In August 2018, the FASB issued ASU 2018-15, Intangibles – Goodwill and Other Internal Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments Codification Improvements to Topic 326, Financial Instruments Credit Losses.

Share-Based Payments (Tables)

Share-Based Payments (Tables)	12 Months Ended
	Aug. 28, 2021
Share-Based Payments
Schedule of Weighted Average for Key Assumptions Used in Determining Fair Value of Options Granted and Related Share-Based Compensation Expense	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended ​ August 28, ​ August 29, ​ August 31, ​ 2021 ​ 2020 ​ 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ Expected price volatility 28 % 22 % 21 % Risk-free interest rate 0.4 % 1.4 % 3.0 % Weighted average expected lives (in years) 5.6 ​ 5.5 ​ 5.6 ​ Forfeiture rate 10 % 10 % 10 % Dividend yield 0 % 0 % 0 %
Schedule of Stock Option Activity	The Company generally issues new shares when options are exercised. The following table summarizes information about stock option activity for the year ended August 28, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ ​ ​ ​ ​ Average ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Remaining ​ Aggregate ​ ​ ​ ​ Weighted ​ Contractual ​ Intrinsic ​ ​ Number ​ Average ​ Term ​ Value ​ ​ of Shares ​ Exercise Price ​ (in years) ​ (in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Outstanding – August 29, 2020 1,384,986 ​ $ 677.15 ​ Granted 202,820 ​ 1,152.54 ​ Exercised (349,592) ​ 541.80 ​ Cancelled (30,160) ​ 906.26 ​ Outstanding – August 28, 2021 1,208,054 ​ 790.41 5.95 ​ $ 915,807 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exercisable 766,453 ​ 669.30 4.68 ​ 673,858 Expected to vest 397,441 ​ 1,000.60 8.16 ​ 217,754 Available for future grants 1,188,220 ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of Nonvested Restricted Stock Units Activity	Transactions related to restricted stock units for the fiscal year ended August 28, 2021 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted- ​ Number Average Grant ​ ​ of Shares ​ Date Fair Value ​ ​ ​ ​ ​ ​ Nonvested at August 29, 2020 14,160 ​ $ 910.63 Granted 8,064 ​ ​ 1,149.77 Vested (5,805) ​ 977.48 Canceled or forfeited (668) ​ 976.36 Nonvested at August 28, 2021 15,751 ​ $ 1,005.41

Accrued Expenses and Other (Tab

Accrued Expenses and Other (Tables)	12 Months Ended
	Aug. 28, 2021
Accrued Expenses and Other
Schedule of Accrued Expenses	Accrued expenses and other consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ August 28, August 29, (in thousands) ​ 2021 ​ 2020 ​ ​ ​ ​ ​ ​ ​ Accrued compensation, related payroll taxes and benefits ​ $ 470,561 ​ $ 321,071 Property, sales and other taxes ​ 135,831 ​ 121,196 Medical and casualty insurance claims (current portion) ​ 121,237 ​ 112,746 Finance lease liabilities ​ 89,932 ​ 67,498 Accrued interest ​ 55,435 ​ 63,503 Accrued gift cards ​ 50,369 ​ 43,876 Accrued sales and warranty returns ​ 32,418 ​ 32,356 Other ​ 84,005 ​ 65,422 ​ ​ $ 1,039,788 ​ $ 827,668 ​ ​ ​ ​ ​ ​ ​

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Aug. 28, 2021
Income Taxes
Components of Income from Continuing Operations	The components of income from continuing operations before income taxes are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended ​ ​ August 28, ​ August 29, ​ August 31, (in thousands) ​ 2021 ​ 2020 ​ 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Domestic ​ $ 2,436,548 ​ $ 1,960,320 ​ $ 1,745,625 International ​ 312,642 ​ 256,194 ​ 285,708 ​ ​ $ 2,749,190 ​ $ 2,216,514 $ 2,031,333
Provision for Income Tax Expense	The provision for income tax expense consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended ​ ​ August 28, ​ August 29, ​ August 31, (in thousands) 2021 ​ 2020 ​ 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current: ​ ​ ​ Federal ​ $ 438,686 ​ $ 324,156 ​ $ 274,504 State ​ 79,271 ​ 47,880 ​ 45,457 International ​ 95,351 ​ 60,429 ​ 59,100 ​ ​ 613,308 ​ 432,465 ​ 379,061 Deferred: ​ ​ ​ Federal ​ (21,366) ​ 43,706 ​ 25,757 State ​ (1,707) ​ 12,544 ​ 6,914 International ​ (11,359) ​ (5,173) ​ 2,380 ​ ​ (34,432) ​ 51,077 ​ 35,051 Income tax expense ​ $ 578,876 ​ $ 483,542 ​ $ 414,112
Reconciliation of Provision for Income Taxes	A reconciliation of the provision for income taxes to the amount computed by applying the federal statutory tax rate to income before income taxes is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended ​ August 28, ​ August 29, ​ August 31, ​ (in thousands) ​ 2021 ​ 2020 ​ 2019 ​ ​ ​ ​ ​ ​ ​ ​ Federal tax at statutory U.S. income tax rate 21.0 % 21.0 % 21.0 % State income taxes, net 2.2 % 2.2 % 2.0 % Share-based compensation (1.7) % (0.7) % (1.8) % Impact of tax reform — ​ — ​ (0.4) % Global intangible lower-taxed income ("GILTI") ​ 0.8 % 1.0 % 1.3 % Foreign Tax Credits ​ (1.7) % (1.1) % (1.1) % Other 0.5 % (0.6) % (0.6) % Effective tax rate 21.1 % 21.8 % 20.4 %
Significant Components of Company's Deferred Tax Assets and Liabilities	Significant components of the Company's deferred tax assets and liabilities were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ August 28, August 29, (in thousands) ​ 2021 ​ 2020 ​ ​ ​ ​ ​ ​ ​ Deferred tax assets: ​ ​ Net operating loss and credit carryforwards ​ $ 41,825 ​ $ 41,437 Accrued benefits ​ 126,086 ​ 88,226 Operating lease liabilities ​ ​ 646,938 ​ ​ 617,002 Other ​ 69,340 ​ 69,788 Total deferred tax assets ​ 884,189 ​ 816,453 Valuation allowances ​ (31,098) ​ (28,373) Net deferred tax assets ​ 853,091 ​ 788,080 ​ ​ ​ ​ ​ ​ ​ Deferred tax liabilities: ​ ​ Property and equipment ​ (185,985) ​ (173,696) Inventory ​ (316,736) ​ (298,585) Prepaid expenses ​ (28,676) ​ (55,827) Operating lease assets ​ ​ (609,336) ​ ​ (581,381) Other ​ (8,440) ​ (4,934) Deferred tax liabilities ​ (1,149,173) ​ (1,114,423) ​ ​ ​ ​ ​ ​ ​ Net deferred tax liabilities ​ $ (296,082) ​ $ (326,343) ​ ​ ​ ​ ​ ​ ​
Reconciliation of Unrecognized Tax Benefits	At August 28, 2021 and August 29, 2020, the Company had a valuation allowance of $31.1 million and $28.4 million, respectively, on deferred tax assets associated with NOL and tax credit carryforwards for which management has determined it is more likely than not that the deferred tax asset will not be realized. Management believes it is more likely than not that the remaining deferred tax assets will be fully realized. A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows: ​ ​ ​ ​ ​ ​ ​ ​ August 28, August 29, (in thousands) ​ 2021 ​ 2020 ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 31,942 ​ $ 30,892 Additions based on tax positions related to the current year ​ 10,806 ​ 8,512 Additions for tax positions of prior years ​ 4,009 ​ 946 Reductions for tax positions of prior years ​ (886) ​ (4,124) Reductions due to settlements ​ (2,204) ​ — Reductions due to statute of limitations ​ (3,870) ​ (4,284) ​ ​ ​ ​ ​ ​ ​ Ending balance ​ $ 39,797 ​ $ 31,942

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Aug. 28, 2021
Fair Value Measurements
Company's marketable debt securities measured at Fair Value on Recurring Basis	The Company’s marketable debt securities measured at fair value on a recurring basis were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ August 28, 2021 (in thousands) Level 1 Level 2 Level 3 Fair Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other current assets ​ $ 46,007 ​ $ — ​ $ — ​ $ 46,007 Other long-term assets ​ 54,105 ​ 13,806 ​ — ​ 67,911 ​ ​ $ 100,112 ​ $ 13,806 ​ $ — ​ $ 113,918 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ August 29, 2020 (in thousands) Level 1 Level 2 Level 3 Fair Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other current assets ​ $ 75,651 ​ $ 467 ​ $ — ​ $ 76,118 Other long-term assets ​ 58,792 ​ 12,329 ​ — ​ 71,121 ​ ​ $ 134,443 ​ $ 12,796 ​ $ — ​ $ 147,239

Marketable Debt Securities (Tab

Marketable Debt Securities (Tables)	12 Months Ended
	Aug. 28, 2021
Marketable Debt Securities
Available-for-Sale Marketable Securities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ August 28, 2021 ​ Amortized Gross Gross ​ ​ ​ Cost ​ Unrealized ​ Unrealized ​ Fair (in thousands) ​ Basis ​ Gains ​ Losses ​ Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate debt securities ​ $ 23,650 ​ $ 329 ​ $ (2) ​ $ 23,977 Government bonds ​ 65,416 ​ 338 ​ (2) ​ 65,752 Mortgage-backed securities ​ 6,552 ​ 58 ​ (8) ​ 6,602 Asset-backed securities and other ​ 17,551 ​ 43 ​ (7) ​ 17,587 ​ ​ $ 113,169 ​ $ 768 ​ $ (19) ​ $ 113,918 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ August 29, 2020 ​ Amortized Gross Gross ​ ​ ​ Cost ​ Unrealized ​ Unrealized ​ Fair (in thousands) ​ Basis ​ Gains ​ Losses ​ Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate debt securities ​ $ 46,652 ​ $ 970 ​ $ (4) ​ $ 47,618 Government bonds ​ 44,594 ​ 1,172 ​ — ​ 45,766 Mortgage-backed securities ​ 4,842 ​ 75 ​ — ​ 4,917 Asset-backed securities and other ​ 48,798 ​ 143 ​ (3) ​ 48,938 ​ ​ $ 144,886 ​ $ 2,360 ​ $ (7) ​ $ 147,239

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	12 Months Ended
	Aug. 28, 2021
Equity
Changes in Accumulated Other Comprehensive Loss	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized ​ ​ ​ ​ ​ ​ ​ ​ Foreign ​ Gain (Loss) ​ ​ ​ ​ ​ ​ (in thousands) Currency (1) on Securities ​ Derivatives ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at August 31, 2019 ​ $ (265,598) ​ $ 591 ​ $ (4,315) ​ $ (269,322) Other Comprehensive (Loss) Income before reclassifications ​ (66,723) ​ 1,117 ​ (28,197) ​ (93,803) Amounts reclassified from Accumulated Other Comprehensive Income (Loss) (2)(3) ​ — ​ 137 ​ 8,736 ​ 8,873 Balance at August 29, 2020 ​ ​ (332,321) ​ ​ 1,845 ​ ​ (23,776) ​ ​ (354,252) Other Comprehensive Income (Loss) before reclassifications ​ 44,683 ​ (1,379) ​ — ​ 43,304 Amounts reclassified from Accumulated Other Comprehensive (Loss) Income (2)(3) ​ — ​ 123 ​ 2,839 ​ 2,962 Balance at August 28, 2021 ​ $ (287,638) ​ $ 589 ​ $ (20,937) ​ $ (307,986) ​ (1) Foreign currency is shown net of U.S. tax to account for foreign currency impacts of certain undistributed non-U.S. subsidiaries earnings. Other foreign currency is not shown net of additional U.S. tax as other basis differences of non-U.S. subsidiaries are intended to be permanently reinvested (2) Amounts in parentheses indicate debits to Accumulated Other Comprehensive Loss. (3) Amounts shown are net of taxes/tax benefits.

Financing (Tables)

Financing (Tables)	12 Months Ended
	Aug. 28, 2021
Financing
Schedule of Debt	The Company’s debt consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ August 28, August 29, (in thousands) ​ 2021 ​ 2020 ​ ​ ​ ​ ​ ​ ​ 2.500% Senior Notes due April 2021, effective interest rate of 2.62% ​ $ — ​ $ 250,000 3.700% Senior Notes due April 2022, effective interest rate of 3.85% ​ 500,000 ​ 500,000 2.875% Senior Notes due January 2023, effective interest rate of 3.21% ​ 300,000 ​ 300,000 3.125% Senior Notes due July 2023, effective interest rate of 3.26% ​ 500,000 ​ 500,000 3.125% Senior Notes due April 2024, effective interest rate 3.32% ​ 300,000 ​ 300,000 3.250% Senior Notes due April 2025, effective interest rate 3.36% ​ 400,000 ​ 400,000 3.625% Senior Notes due April 2025, effective interest rate 3.78% ​ ​ 500,000 ​ ​ 500,000 3.125% Senior Notes due April 2026, effective interest rate of 3.28% ​ 400,000 ​ 400,000 3.750% Senior Notes due June 2027, effective interest rate of 3.83% ​ 600,000 ​ 600,000 3.750% Senior Notes due April 2029, effective interest rate of 3.86% ​ 450,000 ​ 450,000 4.000% Senior Notes due April 2030, effective interest rate 4.09% ​ ​ 750,000 ​ ​ 750,000 1.650% Senior Notes due January 2031, effective interest rate of 2.19% ​ ​ 600,000 ​ ​ 600,000 Total debt before discounts and debt issuance costs ​ 5,300,000 ​ 5,550,000 Less: Discounts and debt issuance costs ​ 30,180 ​ 36,629 Long-term debt ​ $ 5,269,820 ​ $ 5,513,371
Scheduled Maturities of Debt	​ ​ ​ ​ ​ Scheduled (in thousands) ​ Maturities ​ ​ ​ ​ 2022 ​ $ 500,000 2023 ​ 800,000 2024 ​ 300,000 2025 ​ 900,000 2026 ​ 400,000 Thereafter ​ 2,400,000 Subtotal ​ 5,300,000 Discount and debt issuance costs ​ 30,180 Total Debt ​ $ 5,269,820

Interest Expense (Tables)

Interest Expense (Tables)	12 Months Ended
	Aug. 28, 2021
Interest Expense.
Net Interest Expense	Net interest expense consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended ​ August 28, August 29, August 31, (in thousands) ​ 2021 ​ 2020 ​ 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest expense ​ $ 202,326 ​ $ 208,021 ​ $ 193,671 Interest income ​ (5,417) ​ (5,689) ​ (7,396) Capitalized interest ​ (1,572) ​ (1,167) ​ (1,471) ​ ​ $ 195,337 ​ $ 201,165 ​ $ 184,804

Stock Repurchase Program (Table

Stock Repurchase Program (Tables)	12 Months Ended
	Aug. 28, 2021
Equity
Summarize Company's Share Repurchase Activity	​ The Company’s share repurchase activity consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended ​ August 28, August 29, August 31, (in thousands) ​ 2021 ​ 2020 ​ 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount ​ $ 3,378,321 ​ $ 930,903 ​ $ 2,004,896 Shares ​ 2,592 ​ 826 ​ 2,182 ​

Leases (Tables)

Leases (Tables)	12 Months Ended
	Aug. 28, 2021
Leases.
Lease related assets and liabilities recorded on the Balance Sheet	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (in thousands) Classification August 28, 2021 ​ August 29, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets: ​ ​ ​ ​ Operating Operating lease right-of-use assets ​ $ 2,718,712 ​ $ 2,581,677 Finance Property and equipment ​ 383,736 ​ 327,006 Total lease assets ​ $ 3,102,448 ​ $ 2,908,683 Liabilities: ​ ​ ​ Current: ​ ​ ​ ​ ​ ​ ​ ​ Operating Current portion of operating lease liabilities ​ $ 236,568 ​ $ 223,846 Finance Accrued expenses and other ​ 89,932 ​ 67,498 Noncurrent: ​ ​ ​ Operating Operating lease liabilities, less current portion ​ 2,632,842 ​ 2,501,560 Finance Other long-term liabilities ​ 186,122 ​ 155,855 Total lease liabilities ​ $ 3,145,464 ​ $ 2,948,759
Lease Cost	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended (in thousands) ​ Statement of Income Location ​ August 28, 2021 ​ August 29, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Finance lease cost: ​ ​ ​ ​ Amortization of lease assets Depreciation and amortization ​ ​ $ 53,377 ​ $ 55,920 Interest on lease liabilities Interest expense, net ​ ​ 2,957 ​ 4,355 Operating lease cost (1) Selling, general and administrative expenses ​ ​ 371,109 ​ 355,230 Total lease cost ​ ​ ​ ​ $ 427,443 ​ $ 415,505 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Includes short-term leases, variable lease costs and sublease income, which are immaterial.
Lease Term and Discount Rate Assumptions	​ ​ ​ ​ ​ ​ ​ ​ ​ August 28, 2021 ​ ​ ​ ​ ​ Weighted-average remaining lease term in years, inclusive of renewal options that are reasonably certain to be exercised: ​ Finance leases – real estate 25 ​ Finance leases – vehicles 4 ​ Operating leases 15 ​ Weighted-average discount rate: ​ Finance leases – real estate 3.75 % Finance leases – vehicles 1.37 % Operating leases 3.44 %
Summary of the Future Maturities of the Company's Lease Liabilities	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 28, 2021 having initial or remaining lease terms in excess of one year are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Finance Operating ​ (in thousands) ​ Leases ​ Leases ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 ​ $ 91,228 ​ $ 323,245 ​ $ 414,473 2023 ​ 56,534 ​ 346,367 ​ 402,901 2024 ​ 50,435 ​ 325,775 ​ 376,210 2025 ​ 39,628 ​ 300,916 ​ 340,544 2026 ​ 18,294 ​ 272,157 ​ 290,451 Thereafter ​ 48,380 ​ 2,114,538 ​ 2,162,918 Total lease payments ​ ​ 304,499 ​ ​ 3,682,998 ​ 3,987,497 Less: Interest ​ (28,445) ​ (813,588) ​ (842,033) Present value of lease liabilities ​ $ 276,054 ​ $ 2,869,410 ​ $ 3,145,464

Segment Reporting (Tables)

Segment Reporting (Tables)	12 Months Ended
	Aug. 28, 2021
Segment Reporting
Segment Results	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended ​ August 28, August 29, August 31, (in thousands) ​ 2021 ​ 2020 ​ 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net Sales ​ ​ ​ Auto Parts Stores ​ $ 14,381,712 ​ $ 12,405,929 ​ $ 11,645,235 Other ​ 247,873 ​ 226,038 ​ 218,508 Total ​ $ 14,629,585 ​ $ 12,631,967 ​ $ 11,863,743 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment Profit ​ ​ ​ Auto Parts Stores ​ $ 7,556,889 ​ $ 6,617,508 ​ $ 6,209,229 Other ​ 160,896 ​ 153,245 ​ 155,772 Gross profit ​ 7,717,785 ​ 6,770,753 ​ 6,365,001 Operating, selling, general and administrative expenses ​ (4,773,258) ​ (4,353,074) ​ (4,148,864) Interest expense, net ​ (195,337) ​ (201,165) ​ (184,804) Income before income taxes ​ $ 2,749,190 ​ $ 2,216,514 ​ $ 2,031,333 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment Assets: ​ ​ ​ Auto Parts Stores ​ $ 14,398,581 ​ $ 14,303,427 ​ $ 9,781,926 Other ​ 117,618 ​ 120,445 ​ 113,987 Total ​ $ 14,516,199 ​ $ 14,423,872 ​ $ 9,895,913 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital Expenditures: ​ ​ ​ Auto Parts Stores ​ $ 602,329 ​ $ 432,067 ​ $ 479,120 Other ​ 19,438 ​ 25,669 ​ 16,930 Total ​ $ 621,767 ​ $ 457,736 ​ $ 496,050 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Auto Parts Stores Sales by Product Grouping: ​ ​ ​ Failure ​ $ 7,048,700 ​ $ 6,088,859 ​ $ 5,728,294 Maintenance items ​ 4,888,763 ​ 4,284,913 ​ 4,140,987 Discretionary ​ 2,444,249 ​ 2,032,157 ​ 1,775,954 Auto Parts Stores net sales ​ $ 14,381,712 ​ $ 12,405,929 ​ $ 11,645,235

Significant Accounting Polici_3

Significant Accounting Policies - Additional Information (Detail) $ in Thousands	12 Months Ended
	Aug. 28, 2021USD ($)classstoreshares	Aug. 29, 2020USD ($)shares	Aug. 31, 2019USD ($)shares	Aug. 25, 2018USD ($)
Significant Accounting Policies [Line Items]
Number of stores with commercial sales program | store	5,179
Description of reporting periods	The Company’s fiscal year consists of 52 or 53 weeks ending on the last Saturday in August. Fiscal 2021 and 2020 represented 52 weeks and 2019 represented 53 weeks.
Cash and cash equivalents	$ 1,171,335	$ 1,750,815	$ 176,300	$ 217,824
Allowances for credit losses	11,400	10,000
Unrecorded adjustment for LIFO value in excess of replacement value	335,300	357,000
Goodwill	302,645	302,645
Self insurance reserve	$ 284,000	288,600
Renewal options and lease term	The leases have varying terms and expire at various dates through 2046. Retail leases typically have initial terms between one and 20 years, with one to six optional renewal periods of one to five years each.
Measure of income tax benefit for uncertain income tax positions	more than 50%
Advertising expense, net of vendor promotional funds	$ 85,900	77,600	87,500
Vendor promotional funds, which reduced advertising expense	$ 53,200	39,400	$ 32,200
Limited warranty period, minimum period (Days)	30 days
Products accounted for total revenues	one class of similar products accounted for approximately 13 percent of the Company’s total revenues, and one vendor supplied approximately 10 percent of the Company’s total purchases. No other class of similar products accounted for 10 percent or more of total revenues
Products accounted for total purchases	one vendor supplied approximately 10 percent of the Company’s total purchases. No other class of similar products accounted for 10 percent or more of total revenues
Auto Parts Stores
Significant Accounting Policies [Line Items]
Goodwill	$ 302,600	302,600
Cash Equivalents [Member]
Significant Accounting Policies [Line Items]
Maturity period of investments	90 days or less
Settlement term of credit and debit card transaction	less than five days
Credit and debit card receivables included within cash and cash equivalents	$ 70,500	$ 63,700
Product Concentration Risk
Significant Accounting Policies [Line Items]
Number of class of similar products accounted for approximately 13% of the company's total revenues | class	1
Stock Options
Significant Accounting Policies [Line Items]
Anti-dilutive shares excluded from the computation of earnings per share | shares	171,652	169,460	90,314
Minimum | Building
Significant Accounting Policies [Line Items]
Estimated useful lives	40 years
Minimum | Building Improvements
Significant Accounting Policies [Line Items]
Estimated useful lives	5 years
Minimum | Equipment
Significant Accounting Policies [Line Items]
Estimated useful lives	3 years
Minimum | Vehicles
Significant Accounting Policies [Line Items]
Finance lease term	1 year
Minimum | Land and Building
Significant Accounting Policies [Line Items]
Finance lease term	20 years
Minimum | Product Concentration Risk | Sales Revenue, Net
Significant Accounting Policies [Line Items]
Concentration risk percentage	10.00%
Minimum | Supplier Concentration Risk | Cost of Goods, Total
Significant Accounting Policies [Line Items]
Concentration risk percentage	10.00%
Maximum | Building
Significant Accounting Policies [Line Items]
Estimated useful lives	50 years
Maximum | Building Improvements
Significant Accounting Policies [Line Items]
Estimated useful lives	15 years
Maximum | Equipment
Significant Accounting Policies [Line Items]
Estimated useful lives	10 years
Maximum | Vehicles
Significant Accounting Policies [Line Items]
Finance lease term	5 years
Maximum | Product Concentration Risk | Sales Revenue, Net
Significant Accounting Policies [Line Items]
Concentration risk percentage	13.00%
Maximum | Supplier Concentration Risk | Cost of Goods, Total
Significant Accounting Policies [Line Items]
Concentration risk percentage	10.00%
Variable Interest Entity Not Primary Beneficiary Member | Other long-term assets
Significant Accounting Policies [Line Items]
Maximum exposure to losses amount	$ 11,800	$ 6,500
Stores in the United States Including Puerto Rico [Member]
Significant Accounting Policies [Line Items]
Number of stores | store	6,051
Brazil [Member]
Significant Accounting Policies [Line Items]
Number of stores | store	52
Mexico [Member]
Significant Accounting Policies [Line Items]
Number of stores | store	664
Non-US [Member]
Significant Accounting Policies [Line Items]
Cash and cash equivalents	$ 80,400	$ 62,400

Share-Based Payments - Addition

Share-Based Payments - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Aug. 28, 2021	Aug. 29, 2020	Aug. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum percentage of discount on salary and bonus	25.00%
Share-based compensation expense	$ 56,112	$ 44,835	$ 43,255
Share-based compensation expense for unvested awards not yet recognized in earnings	$ 52,700
Weighted average period recognition of share-based compensation expense for unvested awards	1 year 8 months 12 days
Exercise period of vested options after death	1 year
Weighted average grant date fair value of options granted	$ 304.31	$ 252.54	$ 208.37
Intrinsic value of options exercised	$ 280,100	$ 101,900	$ 227,400
Total fair value of options vested	44,700	39,100	34,500
Expense related to the discount on the selling of shares to employees and executives	$ 2,500	$ 3,100	$ 2,800
Shares sold to employees under employee stock purchase plan	8,479	10,525	11,011
Shares purchased from employees at fair value	7,611	8,287	17,201
Common stock reserved for future issuance	133,762
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise period of vested options after service period	90 days
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise period of vested options after service period	30 days
Two Thousand Three Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Accrued director fees	$ 7,500	$ 5,700
Additional shares of stock or units	0
Accrued director fees in shares	4,822	4,822
Executive Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares sold to employees under employee stock purchase plan	997	1,204	1,483
Common stock reserved for future issuance	234,364
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non vested restricted stock unit award	$ 10,500
Estimated weighted average period	2 years 4 months 24 days
Service period	4 years
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term of options from grant date	10 years or 10 years and one day
2011 Equity Incentive Award Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Debt instrument term	10 years

Share-Based Payments - Weighted

Share-Based Payments - Weighted Average for Key Assumptions Used in Determining Fair Value of Options Granted and Related Share-Based Compensation Expense (Detail)	12 Months Ended
	Aug. 28, 2021	Aug. 29, 2020	Aug. 31, 2019
Share-Based Payments
Expected price volatility	28.00%	22.00%	21.00%
Risk-free interest rate	0.40%	1.40%	3.00%
Weighted average expected lives (in years)	5 years 7 months 6 days	5 years 6 months	5 years 7 months 6 days
Forfeiture rate	10.00%	10.00%	10.00%
Dividend yield	0.00%	0.00%	0.00%

Share Based Payments - Stock op

Share Based Payments - Stock option Activity (Detail) $ / shares in Units, $ in Thousands	12 Months Ended
	Aug. 28, 2021USD ($)$ / sharesshares
Share-Based Payments
Outstanding, Beginning balance, Number of Shares	1,384,986
Granted, Number of Shares	202,820
Exercised, Number of Shares	(349,592)
Cancelled, Number of Shares	(30,160)
Outstanding, Ending balance, Number of Shares	1,208,054
Exercisable, Number of Shares	766,453
Expected to vest, Number of Shares	397,441
Available for future grants, Number of Shares	1,188,220
Outstanding, Beginning balance, Weighted Average Exercise Price | $ / shares	$ 677.15
Granted, Weighted Average Exercise Price | $ / shares	1,152.54
Exercised, Weighted Average Exercise Price | $ / shares	541.80
Cancelled, Weighted Average Exercise Price | $ / shares	906.26
Outstanding, Ending balance, Weighted Average Exercise Price | $ / shares	790.41
Exercisable, Weighted Average Exercise Price | $ / shares	669.30
Expected to vest, Weighted Average Exercise Price | $ / shares	$ 1,000.60
Outstanding , Weighted-Average Remaining Contractual Term	5 years 11 months 12 days
Exercisable, Weighted-Average Remaining Contractual Term	4 years 8 months 4 days
Expected to vest, Weighted-Average Remaining Contractual Term	8 years 1 month 28 days
Outstanding, Aggregate Intrinsic Value | $	$ 915,807
Exercisable, Aggregate Intrinsic Value | $	673,858
Expected to vest, Aggregate Intrinsic Value | $	$ 217,754

Share-Based Payments - Schedule

Share-Based Payments - Schedule of Nonvested Restricted Stock Units Activity (Detail)	12 Months Ended
	Aug. 28, 2021$ / sharesshares
Share-Based Payments
Nonvested, Beginning balance, Number of Shares | shares	14,160
Granted, Number of Shares | shares	8,064
Vested, Number of Shares | shares	(5,805)
Canceled or forfeited, Number of Shares | shares	(668)
Nonvested, Ending balance, Number of Shares | shares	15,751
Nonvested, Beginning balance, Weighted Average Grant Date Fair Value | $ / shares	$ 910.63
Granted, Weighted Average Grant Date Fair Value | $ / shares	1,149.77
Vested, Weighted Average Grant Date Fair Value | $ / shares	977.48
Canceled or forfeited, Weighted Average Grant Date Fair Value | $ / shares	976.36
Nonvested, Ending balance, Weighted Average Grant Date Fair Value | $ / shares	$ 1,005.41

Accrued Expenses and Other - Ac

Accrued Expenses and Other - Accrued Expenses (Detail) - USD ($) $ in Thousands	Aug. 28, 2021	Aug. 29, 2020
Other Income and Expenses [Abstract]
Accrued compensation, related payroll taxes and benefits	$ 470,561	$ 321,071
Property, sales, and other taxes	135,831	121,196
Medical and casualty insurance claims (current portion)	121,237	112,746
Finance lease liabilities	89,932	67,498
Accrued interest	55,435	63,503
Accrued gift cards	50,369	43,876
Accrued sales and warranty returns	32,418	32,356
Other	84,005	65,422
Total	$ 1,039,788	$ 827,668

Accrued Expenses and Other - Ad

Accrued Expenses and Other - Additional Information (Detail) $ in Millions	12 Months Ended
	Aug. 28, 2021USD ($)
Workers Compensation
Maximum limits per claim for self-insured plan, per annum	$ 2
Auto Liability
Maximum limits per claim for self-insured plan, per annum	5
Property
Maximum limits per claim for self-insured plan, per annum	21.5
General and product liability
Maximum limits per claim for self-insured plan, per annum	$ 1

Income Taxes - Components of In

Income Taxes - Components of Income from Continuing Operations (Detail) - USD ($) $ in Thousands	12 Months Ended
	Aug. 28, 2021	Aug. 29, 2020	Aug. 31, 2019
Income Taxes
Domestic	$ 2,436,548	$ 1,960,320	$ 1,745,625
International	312,642	256,194	285,708
Income before income taxes	$ 2,749,190	$ 2,216,514	$ 2,031,333

Income Taxes - Provision for In

Income Taxes - Provision for Income Tax Expense (Detail) - USD ($) $ in Thousands	12 Months Ended
	Aug. 28, 2021	Aug. 29, 2020	Aug. 31, 2019
Current:
Federal	$ 438,686	$ 324,156	$ 274,504
State	79,271	47,880	45,457
International	95,351	60,429	59,100
Total	613,308	432,465	379,061
Deferred:
Federal	(21,366)	43,706	25,757
State	(1,707)	12,544	6,914
International	(11,359)	(5,173)	2,380
Total	(34,432)	51,077	35,051
Income tax expense	$ 578,876	$ 483,542	$ 414,112

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of Provision for Income Taxes (Detail)	12 Months Ended
	Aug. 28, 2021	Aug. 29, 2020	Aug. 31, 2019
Income Taxes
Federal tax at statutory U.S. income tax rate	21.00%	21.00%	21.00%
State income taxes, net	2.20%	2.20%	2.00%
Share-based compensation	(1.70%)	(0.70%)	(1.80%)
Impact of tax reform			(0.40%)
Global intangible lower-taxed income ("GILTI")	0.80%	1.00%	1.30%
Foreign Tax Credits	(1.70%)	(1.10%)	(1.10%)
Other	0.50%	(0.60%)	(0.60%)
Effective tax rate	21.10%	21.80%	20.40%

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Aug. 28, 2021	Aug. 29, 2020	Aug. 31, 2019
Income Taxes
Additional excess tax benefits from stock option exercises compared to prior year	$ 56,400	$ 20,900	$ 46,000
Outside basis differences in foreign subsidiaries investments	443,300
Future taxable income	259,100	247,100
Deferred tax assets from net operating loss carryforwards	$ 35,900	32,200
Expiration date of NOLs start year	2022
Expiration date of NOLs end year	2041
Deferred tax assets for income tax credit carryforwards	$ 6,000	9,200
Expiration date of tax credit carryforwards start year	2022
Expiration date of tax credit carryforwards end year	2037
Valuation allowances on deferred tax assets	$ 31,098	28,373
Unrecognized tax benefits, if recognized would reduce effective tax rate, amount	25,800	18,900
Deferred tax assets operating loss carryforwards and tax credits	10,400	10,500
Accrued for payment of interest and penalties associated with unrecognized tax benefits	2,400	$ 1,600
Amount of unrecognized tax benefits that could be reduced over next twelve months	$ 2,200

Income Taxes - Significant Comp

Income Taxes - Significant Components of Company's Deferred Tax Assets and Liabilities (Detail) - USD ($) $ in Thousands	Aug. 28, 2021	Aug. 29, 2020
Deferred tax assets:
Net operating loss and credit carryforwards	$ 41,825	$ 41,437
Accrued benefits	126,086	88,226
Operating lease liabilities	646,938	617,002
Other	69,340	69,788
Total deferred tax assets	884,189	816,453
Valuation allowances	(31,098)	(28,373)
Net deferred tax assets	853,091	788,080
Deferred tax liabilities:
Property and equipment	(185,985)	(173,696)
Inventory	(316,736)	(298,585)
Prepaid expenses	(28,676)	(55,827)
Operating lease assets	(609,336)	(581,381)
Other	(8,440)	(4,934)
Deferred tax liabilities	(1,149,173)	(1,114,423)
Net deferred tax liabilities	$ (296,082)	$ (326,343)

Income Taxes - Reconciliation_2

Income Taxes - Reconciliation of Unrecognized Tax Benefits (Detail) - USD ($) $ in Thousands	12 Months Ended
	Aug. 28, 2021	Aug. 29, 2020
Income Taxes
Beginning balance	$ 31,942	$ 30,892
Additions based on tax positions related to the current year	10,806	8,512
Additions for tax positions of prior years	4,009	946
Reductions for tax positions of prior years	(886)	(4,124)
Reductions due to settlements	(2,204)
Reductions due to statute of limitations	(3,870)	(4,284)
Ending balance	$ 39,797	$ 31,942

Fair Value Measurements - Compa

Fair Value Measurements - Company's marketable debt securities measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Aug. 28, 2021	Aug. 29, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	$ 113,918	$ 147,239
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other current assets	46,007	76,118
Other long-term assets	67,911	71,121
Total	113,918	147,239
Level 1 | Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other current assets	46,007	75,651
Other long-term assets	54,105	58,792
Total	100,112	134,443
Level 2 | Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other current assets		467
Other long-term assets	13,806	12,329
Total	$ 13,806	$ 12,796

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Aug. 28, 2021	Aug. 29, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term marketable debt securities	$ 46,007	$ 76,118
Long-term marketable debt securities	$ 67,911	$ 71,121

Marketable Debt Securities - Av

Marketable Debt Securities - Available-for-Sale Marketable Securities (Detail) - USD ($) $ in Thousands	Aug. 28, 2021	Aug. 29, 2020
Schedule of Available-for-sale Securities [Line Items]
Available-For-Sale Marketable Securities, Amortized Cost Basis	$ 113,169	$ 144,886
Available-For-Sale Marketable Securities, Gross Unrealized Gains	768	2,360
Available-For-Sale Marketable Securities, Gross Unrealized Losses	(19)	(7)
Available-For-Sale Marketable Securities, Fair Value	113,918	147,239
Corporate debt securities
Schedule of Available-for-sale Securities [Line Items]
Available-For-Sale Marketable Securities, Amortized Cost Basis	23,650	46,652
Available-For-Sale Marketable Securities, Gross Unrealized Gains	329	970
Available-For-Sale Marketable Securities, Gross Unrealized Losses	(2)	(4)
Available-For-Sale Marketable Securities, Fair Value	23,977	47,618
Government bonds
Schedule of Available-for-sale Securities [Line Items]
Available-For-Sale Marketable Securities, Amortized Cost Basis	65,416	44,594
Available-For-Sale Marketable Securities, Gross Unrealized Gains	338	1,172
Available-For-Sale Marketable Securities, Gross Unrealized Losses	(2)
Available-For-Sale Marketable Securities, Fair Value	65,752	45,766
Mortgage-backed securities
Schedule of Available-for-sale Securities [Line Items]
Available-For-Sale Marketable Securities, Amortized Cost Basis	6,552	4,842
Available-For-Sale Marketable Securities, Gross Unrealized Gains	58	75
Available-For-Sale Marketable Securities, Gross Unrealized Losses	(8)
Available-For-Sale Marketable Securities, Fair Value	6,602	4,917
Asset-backed securities and other
Schedule of Available-for-sale Securities [Line Items]
Available-For-Sale Marketable Securities, Amortized Cost Basis	17,551	48,798
Available-For-Sale Marketable Securities, Gross Unrealized Gains	43	143
Available-For-Sale Marketable Securities, Gross Unrealized Losses	(7)	(3)
Available-For-Sale Marketable Securities, Fair Value	$ 17,587	$ 48,938

Marketable Debt Securities - Ad

Marketable Debt Securities - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Aug. 28, 2021	Aug. 29, 2020
Marketable Debt Securities
Available for sale securities debt maturity period range	less than one year to approximately four years
Marketable securities transferred	$ 62.5	$ 30.1

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss - Changes in Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands	12 Months Ended
	Aug. 28, 2021	Aug. 29, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	$ (877,977)	$ (1,713,851)
Balance	(1,797,536)	(877,977)
Foreign Currency
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	(332,321)	(265,598)
Other Comprehensive (Loss) Income before reclassifications	44,683	(66,723)
Balance	(287,638)	(332,321)
Net Unrealized Gain (Loss) on Securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	1,845	591
Other Comprehensive (Loss) Income before reclassifications	(1,379)	1,117
Amounts reclassified from Accumulated Other Comprehensive Income (Loss)	123	137
Balance	589	1,845
Derivatives
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	(23,776)	(4,315)
Other Comprehensive (Loss) Income before reclassifications		(28,197)
Amounts reclassified from Accumulated Other Comprehensive Income (Loss)	2,839	8,736
Balance	(20,937)	(23,776)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	(354,252)	(269,322)
Other Comprehensive (Loss) Income before reclassifications	43,304	(93,803)
Amounts reclassified from Accumulated Other Comprehensive Income (Loss)	2,962	8,873
Balance	$ (307,986)	$ (354,252)

Derivative Financial Instrume_2

Derivative Financial Instruments - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Aug. 28, 2021	Aug. 29, 2020	Aug. 29, 2022
Derivative losses recorded in Accumulated other comprehensive loss	$ 27.5
Net derivative losses amortized into Interest expense	$ 3.7	$ 2.6
Scenario Forecast
Net derivative loss expected to be reclassified over next 12 months			$ 3.6

Financing - Schedule of Debt (D

Financing - Schedule of Debt (Detail) - USD ($) $ in Thousands	Aug. 28, 2021	Aug. 29, 2020	Aug. 14, 2020	Mar. 30, 2020	Apr. 18, 2019
Debt Instrument [Line Items]
Total debt before discounts and debt issuance costs	$ 5,300,000	$ 5,550,000
Less: Discounts and debt issuance costs	30,180	36,629
Long-term debt	5,269,820	5,513,371
2.500% Senior Notes due April 2021, effective interest rate of 2.62%
Debt Instrument [Line Items]
Senior notes		250,000
3.700% Senior Notes due April 2022, effective interest rate of 3.85%
Debt Instrument [Line Items]
Senior notes	500,000	500,000
2.875% Senior Notes due January 2023, effective interest rate of 3.21%
Debt Instrument [Line Items]
Senior notes	300,000	300,000
3.125% Senior Notes due July 2023, effective interest rate of 3.26%
Debt Instrument [Line Items]
Senior notes	500,000	500,000
3.125% Senior Notes due April 2024, effective interest rate 3.32%
Debt Instrument [Line Items]
Senior notes	300,000	300,000			$ 300,000
3.250% Senior Notes due April 2025, effective interest rate 3.36%
Debt Instrument [Line Items]
Senior notes	400,000	400,000
3.625% Senior Notes due April 2025, effective interest rate 3.78%
Debt Instrument [Line Items]
Senior notes	500,000	500,000		$ 500,000
3.125% Senior Notes due April 2026, effective interest rate of 3.28%
Debt Instrument [Line Items]
Senior notes	400,000	400,000
3.750% Senior Notes due June 2027, effective interest rate of 3.83%
Debt Instrument [Line Items]
Senior notes	600,000	600,000
3.750% Senior Notes due April 2029, effective interest rate of 3.86%
Debt Instrument [Line Items]
Senior notes	450,000	450,000			$ 450,000
4.000% Senior Notes due April 2030, effective interest rate 4.09%
Debt Instrument [Line Items]
Senior notes	750,000	750,000		$ 750,000
1.650% Senior Notes due January 2031, effective interest rate of 2.19%
Debt Instrument [Line Items]
Senior notes	$ 600,000	$ 600,000	$ 600,000

Financing - Schedule of Debt -

Financing - Schedule of Debt - Parenthetical (Details)	12 Months Ended
	Aug. 28, 2021	Aug. 29, 2020	Mar. 15, 2021	Aug. 14, 2020	Mar. 30, 2020	Apr. 18, 2019
4.000% Senior Notes due November 2020, effective interest rate of 4.43%
Debt Instrument [Line Items]
Stated interest rate percentage	4.00%
2.500% Senior Notes due April 2021, effective interest rate of 2.62%
Debt Instrument [Line Items]
Stated interest rate percentage	2.50%	2.50%	2.50%
Debt instrument maturity, month and year	2021-04	2021-04
Effective interest rate	2.62%	2.62%
3.700% Senior Notes due April 2022, effective interest rate of 3.85%
Debt Instrument [Line Items]
Stated interest rate percentage	3.70%	3.70%
Debt instrument maturity, month and year	2022-04	2022-04
Effective interest rate	3.85%	3.85%
2.875% Senior Notes due January 2023, effective interest rate of 3.21%
Debt Instrument [Line Items]
Stated interest rate percentage	2.875%	2.875%
Debt instrument maturity, month and year	2023-01	2023-01
Effective interest rate	3.21%	3.21%
3.125% Senior Notes due July 2023, effective interest rate of 3.26%
Debt Instrument [Line Items]
Stated interest rate percentage	3.125%
Debt instrument maturity, month and year	2023-07	2023-07
Effective interest rate	3.26%	3.26%
3.125% Senior Notes due April 2024, effective interest rate 3.32%
Debt Instrument [Line Items]
Stated interest rate percentage	3.125%	3.125%				3.125%
Debt instrument maturity, month and year	2024-04	2024-04
Effective interest rate	3.32%	3.32%
3.250% Senior Notes due April 2025, effective interest rate 3.36%
Debt Instrument [Line Items]
Stated interest rate percentage	3.25%	3.25%
Debt instrument maturity, month and year	2025-04	2025-04
Effective interest rate	3.36%	3.36%
3.625% Senior Notes due April 2025, effective interest rate 3.78%
Debt Instrument [Line Items]
Stated interest rate percentage	3.625%	3.625%			3.625%
Debt instrument maturity, month and year	2025-04	2025-04
Effective interest rate	3.78%	3.78%
3.125% Senior Notes due April 2026, effective interest rate of 3.28%
Debt Instrument [Line Items]
Stated interest rate percentage	3.125%	3.125%
Debt instrument maturity, month and year	2026-04	2026-04
Effective interest rate	3.28%	3.28%
3.750% Senior Notes due June 2027, effective interest rate of 3.83%
Debt Instrument [Line Items]
Stated interest rate percentage	3.75%	3.75%
Debt instrument maturity, month and year	2027-06	2027-06
Effective interest rate	3.83%	3.83%
3.750% Senior Notes due April 2029, effective interest rate of 3.86%
Debt Instrument [Line Items]
Stated interest rate percentage	3.75%	3.75%				3.75%
Debt instrument maturity, month and year	2029-04	2029-04
Effective interest rate	3.86%	3.86%
4.000% Senior Notes due April 2030, effective interest rate 4.09%
Debt Instrument [Line Items]
Stated interest rate percentage	4.00%	4.00%			4.00%
Debt instrument maturity, month and year	2030-04	2030-04
Effective interest rate	4.09%	4.09%
1.650% Senior Notes due January 2031, effective interest rate of 2.19%
Debt Instrument [Line Items]
Stated interest rate percentage	1.65%	1.65%		1.65%
Debt instrument maturity, month and year	2031-01	2031-01
Effective interest rate	2.19%	2.19%

Financing - Additional Informat

Financing - Additional Information (Detail) $ in Thousands	Aug. 28, 2021USD ($)	Mar. 15, 2021USD ($)	Nov. 18, 2017USD ($)	Nov. 17, 2017USD ($)	Aug. 28, 2021USD ($)	Aug. 29, 2020USD ($)	Aug. 31, 2019USD ($)	Feb. 22, 2021USD ($)	Aug. 14, 2020USD ($)	Mar. 30, 2020USD ($)	Apr. 18, 2019USD ($)
Debt Instrument [Line Items]
Amount available under credit facility	$ 2,000,000				$ 2,000,000
Credit Agreement description	less than one year
Minimum debt covenant interest coverage ratio to be maintained quarterly					2.5
Debt covenant interest coverage ratio					6.9
Remaining borrowing capacity under revolving credit facility	$ 1,998,000				$ 1,998,000
Repayments of Long-term Debt					250,000	$ 500,000	$ 250,000
Fair value of the Company's debt	5,683,000				5,683,000	6,081,000
Excess (shortfall) of fair value of debt over (from) carrying value	413,100				413,100	567,500
Other Letters Of Credit [Member]
Debt Instrument [Line Items]
Borrowings, outstanding	136,800				$ 136,800
Third Amended and Restated Credit Agreement [Member]
Debt Instrument [Line Items]
Amount available under credit facility				$ 1,600,000
Maximum amount available under credit facility				$ 2,000,000
Credit facility expiration date				Nov. 18, 2021
Master Extension Agreement [Member]
Debt Instrument [Line Items]
Amount available under credit facility			$ 2,000,000
Maximum amount available under credit facility			$ 2,400,000
Credit facility expiration date			Nov. 18, 2022
Extended expiration of credit facility			1 year
Credit Agreement description					Under the Revolving Credit Agreement, the Company may borrow funds consisting of Eurodollar loans, base rate loans or a combination of both. Interest accrues on Eurodollar loans at a defined Eurodollar rate, defined as LIBOR plus the applicable percentage, as defined in the Revolving Credit Agreement, depending upon the Company’s senior, unsecured, (non-credit enhanced) long-term debt ratings. Interest accrues on base rate loans as defined in the Revolving Credit Agreement.
Letters of credit, outstanding	1,700				$ 1,700
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Borrowings, outstanding	0				0			$ 0
Letter of Credit
Debt Instrument [Line Items]
Maximum amount available under credit facility	25,000				25,000
Letters of credit, outstanding	23,900				23,900
1.650% Senior Notes due January 2031, effective interest rate of 2.19%
Debt Instrument [Line Items]
Senior notes	$ 600,000				$ 600,000	$ 600,000			$ 600,000
Stated interest rate percentage	1.65%				1.65%	1.65%			1.65%
2.500% Senior Notes due April 2021, effective interest rate of 2.62%
Debt Instrument [Line Items]
Senior notes						$ 250,000
Stated interest rate percentage	2.50%	2.50%			2.50%	2.50%
Repayments of Long-term Debt		$ 250,000
3.700% Senior Notes due April 2022, effective interest rate of 3.85%
Debt Instrument [Line Items]
Senior notes	$ 500,000				$ 500,000	$ 500,000
Stated interest rate percentage	3.70%				3.70%	3.70%
4.000% Senior Notes due November 2020, effective interest rate of 4.43%
Debt Instrument [Line Items]
Stated interest rate percentage	4.00%				4.00%
Repayment of debt					$ 500,000
3.625% Senior Notes due April 2025, effective interest rate 3.78%
Debt Instrument [Line Items]
Senior notes	$ 500,000				$ 500,000	$ 500,000				$ 500,000
Stated interest rate percentage	3.625%				3.625%	3.625%				3.625%
4.000% Senior Notes due April 2030, effective interest rate 4.09%
Debt Instrument [Line Items]
Senior notes	$ 750,000				$ 750,000	$ 750,000				$ 750,000
Stated interest rate percentage	4.00%				4.00%	4.00%				4.00%
3.125% Senior Notes due April 2024, effective interest rate 3.32%
Debt Instrument [Line Items]
Senior notes	$ 300,000				$ 300,000	$ 300,000					$ 300,000
Stated interest rate percentage	3.125%				3.125%	3.125%					3.125%
3.750% Senior Notes due April 2029, effective interest rate of 3.86%
Debt Instrument [Line Items]
Senior notes	$ 450,000				$ 450,000	$ 450,000					$ 450,000
Stated interest rate percentage	3.75%				3.75%	3.75%					3.75%
1.625% Senior Notes due April 2019, effective interest rate of 1.77% [Member]
Debt Instrument [Line Items]
Stated interest rate percentage	1.625%				1.625%
Repayment of debt							$ 250,000

Financing - Scheduled Maturitie

Financing - Scheduled Maturities of Debt (Detail) - USD ($) $ in Thousands	Aug. 28, 2021	Aug. 29, 2020
Financing
2022	$ 500,000
2023	800,000
2024	300,000
2025	900,000
2026	400,000
Thereafter	2,400,000
Subtotal	5,300,000
Discount and debt issuance costs	30,180	$ 36,629
Long-term debt	$ 5,269,820	$ 5,513,371

Interest Expense - Net Interest

Interest Expense - Net Interest Expense (Detail) - USD ($) $ in Thousands	12 Months Ended
	Aug. 28, 2021	Aug. 29, 2020	Aug. 31, 2019
Other Income and Expenses [Abstract]
Interest expense	$ 202,326	$ 208,021	$ 193,671
Interest income	(5,417)	(5,689)	(7,396)
Capitalized interest	(1,572)	(1,167)	(1,471)
Net Interest Expense	$ 195,337	$ 201,165	$ 184,804

Stock Repurchase Program - Addi

Stock Repurchase Program - Additional Information (Detail) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Aug. 28, 2021	Aug. 29, 2020	Aug. 31, 2019	Mar. 23, 2021	Dec. 15, 2020	Dec. 14, 2020
Stock Repurchase Program 1998
Equity, Class of Treasury Stock [Line Items]
Stock repurchase authorized				$ 26,150,000	$ 24,650,000	$ 23,150,000
Remaining value authorized for share repurchases	$ 417,600
Retained Deficit
Equity, Class of Treasury Stock [Line Items]
Retirement of treasury shares	1,139,173	$ 1,878,595	$ 1,706,971
Additional Paid-In Capital
Equity, Class of Treasury Stock [Line Items]
Retirement of treasury shares	$ 60,005	$ 99,686	$ 125,442
Common Stock
Equity, Class of Treasury Stock [Line Items]
Retirement of treasury shares, shares	1,044	1,912	2,563
Retirement of treasury shares	$ 10	$ 19	$ 26

Stock Repurchase Program - Shar

Stock Repurchase Program - Share Repurchase Activity (Detail) - USD ($) $ in Thousands	2 Months Ended	12 Months Ended
	Oct. 18, 2021	Aug. 28, 2021	Aug. 29, 2020	Aug. 31, 2019	Oct. 05, 2021	Mar. 23, 2021	Dec. 15, 2020	Dec. 14, 2020
Equity, Class of Treasury Stock [Line Items]
Amount		$ 3,378,321	$ 930,903	$ 2,004,896
Shares		2,592,000	826,000	2,182,000
Subsequent Events [Member]
Equity, Class of Treasury Stock [Line Items]
Amount	$ 362,800
Shares	220,022
Remaining value authorized for share repurchases	$ 1,555,000
Stock Repurchase Program 1998
Equity, Class of Treasury Stock [Line Items]
Stock repurchase authorized						$ 26,150,000	$ 24,650,000	$ 23,150,000
Remaining value authorized for share repurchases		$ 417,600
Stock Repurchase Program 1998 | Subsequent Events [Member]
Equity, Class of Treasury Stock [Line Items]
Stock repurchase authorized					$ 27,650,000
Common Stock | Subsequent Events [Member]
Equity, Class of Treasury Stock [Line Items]
Stock repurchase authorized					$ 1,500,000

401(k) Savings Plans - Addition

401(k) Savings Plans - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Aug. 28, 2021	Aug. 29, 2020	Aug. 31, 2019
401(k) Savings Plans
Percentage of company matching retirement savings plan contributions that vest immediately	100.00%
Percentage of savings option up to qualified earnings	25.00%
Annual contribution by employer towards 401(k) Plan	$ 34.1	$ 29.8	$ 25.8

Leases - Additional Information

Leases - Additional Information (Detail) - USD ($) $ in Millions	Aug. 28, 2021	Aug. 28, 2021	Aug. 29, 2020
Accumulated amortization related to finance lease assets		$ 107	$ 107.3
Cash paid for amounts included in the measurement of lease liabilities - operating cash flows from operating leases		300.6	$ 352.9
Land and Building
Additional leases not yet commenced, undiscounted future payments	$ 40.1	40.1
Vehicles
Additional leases not yet commenced, undiscounted future payments	$ 69.2	$ 69.2
Minimum
Operating lease commencement date	2022
Maximum
Operating lease commencement date	2023

Leases - Summary of Lease-relat

Leases - Summary of Lease-related assets and liabilities recorded on the Consolidated Balance Sheet (Detail) - USD ($) $ in Thousands	Aug. 28, 2021	Aug. 29, 2020
Assets
Operating	$ 2,718,712	$ 2,581,677
Total lease assets	3,102,448	2,908,683
Current
Operating	236,568	223,846
Finance	$ 89,932	$ 67,498
Accrued expenses and other	Accrued expenses and other	Accrued expenses and other
Noncurrent
Operating	$ 2,632,842	$ 2,501,560
Finance	$ 186,122	$ 155,855
Other long-term liabilities	Other long-term liabilities	Other long-term liabilities
Total lease liabilities	$ 3,145,464	$ 2,948,759
Operating lease right-of-use assets
Assets
Operating	2,718,712	2,581,677
Property and equipment
Assets
Finance	383,736	327,006
Current portion of operating lease liabilities
Current
Operating	236,568	223,846
Operating lease liabilities, less current portion
Noncurrent
Operating	$ 2,632,842	$ 2,501,560

Leases - Lease Cost (Detail)

Leases - Lease Cost (Detail) - USD ($) $ in Thousands	12 Months Ended
	Aug. 28, 2021	Aug. 29, 2020
Amortization of lease assets	$ 107,000	$ 107,300
Total lease cost	427,443	415,505
Depreciation and amortization
Amortization of lease assets	53,377	55,920
Interest expense, net
Interest on lease liabilities	2,957	4,355
Selling, general and administrative expenses
Operating lease cost	$ 371,109	$ 355,230

Leases - Summary of future matu

Leases - Summary of future maturities of the Company's lease liabilities (Details) $ in Thousands	Aug. 28, 2021USD ($)
Finance Leases
2022	$ 91,228
2023	56,534
2024	50,435
2025	39,628
2026	18,294
Thereafter	48,380
Total Lease Payments	304,499
Less: Interest	(28,445)
Present value of lease liabilities	276,054
Operating Leases
2022	323,245
2023	346,367
2024	325,775
2025	300,916
2026	272,157
Thereafter	2,114,538
Total Lease Payments	3,682,998
Less: Interest	(813,588)
Present value of lease liabilities	2,869,410
Operating And Finance Leases
2022	414,473
2023	402,901
2024	376,210
2025	340,544
2026	290,451
Thereafter	2,162,918
Total Lease Payments	3,987,497
Less: Interest	(842,033)
Present value of lease liabilities	$ 3,145,464

Leases - Information on lease t

Leases - Information on lease term and discount rate (Detail)	12 Months Ended
	Aug. 28, 2021
Weighted-average remaining lease term (years)
Finance leases - real estate	25 years
Finance leases - vehicles	4 years
Operating leases	15 years
Weighted-average discount rate:
Finance leases - real estate	3.75%
Finance leases - vehicles	1.37%
Operating leases	3.44%

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) $ in Millions	Aug. 28, 2021USD ($)
Loss Contingencies [Line Items]
Commitment for construction	$ 48.2
Surety bonds	$ 35.4
The period of time before expiration of standby letters of credit and surety bonds	less than one year
Standby Letters of Credit
Loss Contingencies [Line Items]
Borrowings, outstanding	$ 162.4

Segment Reporting - Additional

Segment Reporting - Additional Information (Detail)	12 Months Ended
	Aug. 28, 2021segmentstore
Segment Reporting
Number of reportable segments	1
Number of automotive parts and accessories locations in the United States, Mexico, and Brazil | store	6,767
Number of operating segments	2

Segment Reporting - Segment Res

Segment Reporting - Segment Results (Detail) - USD ($) $ in Thousands	12 Months Ended
	Aug. 28, 2021	Aug. 29, 2020	Aug. 31, 2019
Segment Reporting Information [Line Items]
Net sales	$ 14,629,585	$ 12,631,967	$ 11,863,743
Gross profit	7,717,785	6,770,753	6,365,001
Operating, selling, general and administrative expenses	(4,773,258)	(4,353,074)	(4,148,864)
Interest expense, net	(195,337)	(201,165)	(184,804)
Income before income taxes	2,749,190	2,216,514	2,031,333
Segment Assets	14,516,199	14,423,872	9,895,913
Capital Expenditures	621,767	457,736	496,050
Auto Parts Stores
Segment Reporting Information [Line Items]
Net sales	14,381,712	12,405,929	11,645,235
Gross profit	7,556,889	6,617,508	6,209,229
Segment Assets	14,398,581	14,303,427	9,781,926
Capital Expenditures	602,329	432,067	479,120
Auto Parts Stores | Failure
Segment Reporting Information [Line Items]
Net sales	7,048,700	6,088,859	5,728,294
Auto Parts Stores | Maintenance Items
Segment Reporting Information [Line Items]
Net sales	4,888,763	4,284,913	4,140,987
Auto Parts Stores | Discretionary
Segment Reporting Information [Line Items]
Net sales	2,444,249	2,032,157	1,775,954
Other
Segment Reporting Information [Line Items]
Net sales	247,873	226,038	218,508
Gross profit	160,896	153,245	155,772
Segment Assets	117,618	120,445	113,987
Capital Expenditures	$ 19,438	$ 25,669	$ 16,930