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Debt (Tables) | 3 Months Ended
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Nov. 30, 2017
Debt Disclosure [Abstract] |
Schedule of Debt |
As of |  | November 30, 2017 |  | August 31, 2017
Instrument |  | Stated Rate |  | Effective Rate |  | Current |  | Long-Term |  | Total |  | Current |  | Long-Term |  | Total
MMJ Creditor Payments |  | N/A |  |  | 6.52 | % |  | $ | 157 |  |  | $ | 474 |  |  | $ | 631 |  |  | $ | 157 |  |  | $ | 474 |  |  | $ | 631 |
Capital lease obligations |  | N/A |  |  | 3.74 | % |  | 354 |  |  | 759 |  |  | 1,113 |  |  | 357 |  |  | 833 |  |  | 1,190 |
2021 MSAC Term Loan |  | 3.72 | % |  | 3.95 | % |  | 149 |  |  | 648 |  |  | 797 |  |  | 99 |  |  | 697 |  |  | 796 |
2021 MSTW Term Loan |  | 2.85 | % |  | 3.01 | % |  | — |  |  | 2,655 |  |  | 2,655 |  |  | — |  |  | 2,640 |  |  | 2,640 |
2022 Term Loan B |  | 3.39 | % |  | 3.80 | % |  | 5 |  |  | 724 |  |  | 729 |  |  | 5 |  |  | 725 |  |  | 730 |
2023 Notes |  | 5.25 | % |  | 5.43 | % |  | — |  |  | — |  |  | — |  |  | — |  |  | 991 |  |  | 991 |
2023 Secured Notes |  | 7.50 | % |  | 7.69 | % |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,238 |  |  | 1,238 |
2024 Notes |  | 5.25 | % |  | 5.38 | % |  | — |  |  | 546 |  |  | 546 |  |  | — |  |  | 546 |  |  | 546 |
2025 Notes |  | 5.50 | % |  | 5.56 | % |  | — |  |  | 515 |  |  | 515 |  |  | — |  |  | 515 |  |  | 515 |
2026 Notes |  | 5.63 | % |  | 5.73 | % |  | — |  |  | 129 |  |  | 129 |  |  | — |  |  | 128 |  |  | 128 |
2032C Notes(1) |  | 2.38 | % |  | 5.95 | % |  | 234 |  |  | 164 |  |  | 398 |  |  | — |  |  | 211 |  |  | 211 |
2032D Notes(1) |  | 3.13 | % |  | 6.33 | % |  | — |  |  | 160 |  |  | 160 |  |  | — |  |  | 159 |  |  | 159 |
2033E Notes(1) |  | 1.63 | % |  | 4.50 | % |  | 77 |  |  | — |  |  | 77 |  |  | 202 |  |  | — |  |  | 202 |
2033F Notes(1) |  | 2.13 | % |  | 4.93 | % |  | 280 |  |  | — |  |  | 280 |  |  | 278 |  |  | — |  |  | 278 |
2043G Notes |  | 3.00 | % |  | 6.76 | % |  | — |  |  | 675 |  |  | 675 |  |  | — |  |  | 671 |  |  | 671 |
IMFT Member Debt |  | 0.00 | % |  | 0.00 | % |  | — |  |  | 150 |  |  | 150 |  |  | — |  |  | — |  |  | — |
Other notes |  | 2.00 | % |  | 2.56 | % |  | 145 |  |  | 45 |  |  | 190 |  |  | 164 |  |  | 44 |  |  | 208 |
|  |  |  |  |  | $ | 1,401 |  |  | $ | 7,644 |  |  | $ | 9,045 |  |  | $ | 1,262 |  |  | $ | 9,872 |  |  | $ | 11,134 |
(1) | Since the closing price of our common stock exceeded 130% of the conversion price per share for at least 20 trading days in the 30 trading day period ended on September 30, 2017, these notes are convertible by the holders through the calendar quarter ended December 31, 2017. The 2033 Notes were classified as current because the terms of these notes require us to pay cash for the principal amount of any converted notes and holders of these notes had the right to convert their notes as of the dates presented. A portion of the 2032C Notes were classified as current because holders had converted the notes and they were not settled as of November 30, 2017.
Schedule of Repurchases and Conversions | The following table presents the effects of repurchases and conversions of our debt in the first quarter of 2018:
Quarter ended November 30, 2017 |  | Decrease in Principal |  | Increase (Decrease) in Carrying Value |  | Decrease in Cash |  | Decrease in Equity |  | Gain (Loss)
Repurchases |  |  |  |  |  |  |  |  |  |
2023 Secured Notes(1) |  | $ | (1,250 | ) |  | $ | (1,238 | ) |  | $ | (1,373 | ) |  | $ | — |  |  | $ | (135 | )
2023 Notes(2) |  | (1,000 | ) |  | (991 | ) |  | (1,046 | ) |  | — |  |  | (55 | )
Conversions |  |  |  |  |  |  |  |  |  |
2033E Notes(3) |  | (105 | ) |  | (125 | ) |  | (216 | ) |  | (81 | ) |  | (10 | )
2032C Notes(4) |  | — |  |  | 186 |  |  | — |  |  | (191 | ) |  | 5 |
|  | $ | (2,355 | ) |  | $ | (2,168 | ) |  | $ | (2,635 | ) |  | $ | (272 | ) |  | $ | (195 | )
(1) | Redeemed $438 million of principal amount on November 13, 2017, which represented 35% of the original principal amount issued and was settled with proceeds from our common stock issuance in October 2017. Also redeemed the remaining $812 million of principal amount on November 16, 2017.
(2) | Redeemed on November 16, 2017.
(3) | In August 2017, holders converted an aggregate principal amount of $58 million, which were settled in the first quarter of 2018 for $92 million in cash and 3 million shares of our treasury stock. During the quarter ended November 30, 2017, holders converted an aggregate principal amount of $50 million. For converted notes with an aggregate principal amount of $20 million, we settled the principal amount of the conversion in the first quarter of 2018 with cash of $20 million and the remainder of the conversion amount was settled with 1 million shares of our treasury stock. For the remaining aggregate principal amount of $30 million of conversions in the first quarter of 2018, we elected to settle the conversion obligation in excess of the principal amount in cash. We paid $104 million in the first quarter of 2018 to settle obligations for $27 million of the aggregate principal amount and obligations for the remaining $3 million in principal will settle in the second quarter of 2018.
(4) | Holders converted an aggregate principal amount of $51 million and we elected to settle the conversion obligation in excess of the principal amount in cash. As a result, the carrying amount as of November 30, 2017 increased for the fair values of the derivative debt liability. The conversion of these notes will settle in the second quarter of 2018.

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