Financial Summary (All financials)
| In millions, except per share items | Aug-28-22 | Aug-29-21 | Aug-30-20 | Sep-01-19 | Sep-02-18 | Sep-03-17 | Aug-28-16 | Aug-30-15 |
| Revenues | 226,954.0 | 195,929.0 | 166,761.0 | 152,703.0 | 141,576.0 | 129,025.0 | 118,719.0 | 116,199.0 |
| Revenue growth | 15.8% | 17.5% | 9.2% | 7.9% | 9.7% | 8.7% | 2.2% | 3.2% |
| Cost of goods sold | 199,382.0 | 170,684.0 | 144,939.0 | 132,886.0 | 123,152.0 | 111,882.0 | 102,901.0 | 101,065.0 |
| Gross profit | 27,572.0 | 25,245.0 | 21,822.0 | 19,817.0 | 18,424.0 | 17,143.0 | 15,818.0 | 15,134.0 |
| Gross margin | 12.1% | 12.9% | 13.1% | 13.0% | 13.0% | 13.3% | 13.3% | 13.0% |
| Selling, general and administrative | 19,779.0 | 18,537.0 | 16,387.0 | 14,994.0 | 13,876.0 | 12,950.0 | 12,068.0 | 11,445.0 |
| EBIT | 7,793.0 | 6,708.0 | 5,435.0 | 4,737.0 | 4,480.0 | 4,111.0 | 3,672.0 | 3,624.0 |
| EBIT margin | 3.4% | 3.4% | 3.3% | 3.1% | 3.2% | 3.2% | 3.1% | 3.1% |
| Pre-tax income | 7,840.0 | 6,680.0 | 5,367.0 | 4,765.0 | 4,442.0 | 4,039.0 | 3,619.0 | 3,604.0 |
| Income taxes | 1,925.0 | 1,601.0 | 1,308.0 | 1,061.0 | 1,263.0 | 1,325.0 | 1,243.0 | 1,195.0 |
| Tax rate | 24.6% | 24.0% | 24.4% | 22.3% | 28.4% | 32.8% | 34.3% | 33.2% |
| Net income | 5,844.0 | 5,007.0 | 4,002.0 | 3,659.0 | 3,134.0 | 2,679.0 | 2,350.0 | 2,377.0 |
| Net margin | 2.6% | 2.6% | 2.4% | 2.4% | 2.2% | 2.1% | 2.0% | 2.0% |
| |
| Diluted EPS | $13.14 | $11.27 | $9.02 | $8.26 | $7.09 | $6.08 | $5.33 | $5.37 |
| Shares outstanding (diluted) | 444.8 | 444.3 | 443.9 | 442.9 | 441.8 | 440.9 | 441.3 | 442.7 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|