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Debt (Tables)
 3 Months Ended
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.