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v3.24.1

Debt - Revolving Credit Facility (Details) | 6 Months Ended
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Feb. 29, 2024 USD ($) Rate
Revolving Credit Facility |
Total Long-term Debt | $ 12,018,000,000
Revolving Credit Facility | 2026 Revolving Credit Facility |
Revolving Credit Facility |
Total Long-term Debt | 0
Available Borrowing Capacity | $ 2,500,000,000
Debt Covenants |
[Original] Debt Covenant, Ratio Of Total Debt To Adjusted EBITDA | Rate | 325.00%
[Temp Amendment] Debt Instrument, Covenant, Ratio Of Net Debt To Adjusted EBITDA | Rate | 325.00%
[Temp Amendment] Debt Instrument, Covenant, Minimum Liquidity | $ 5,000,000,000
[Original and Temp Amendment] Debt Instrument, Covenant, Ratio of Total Debt To Adjusted EBITDA, Temporary Increase | Rate | 375.00%
Debt Instrument, Covenant Description | The Revolving Credit Facility requires us to maintain, on a consolidated basis, a leverage ratio of total indebtedness to adjusted EBITDA, as defined in the Revolving Credit Facility and calculated as of the last day of each fiscal quarter, not to exceed 3.25 to 1.00. On March 27, 2023, we amended the Revolving Credit Facility to provide that in lieu of the foregoing leverage ratio, during the fourth quarter of 2023 and each quarter of 2024, we will be required to maintain, on a consolidated basis, a net leverage ratio of total net indebtedness to adjusted EBITDA, as defined in the Revolving Credit Facility and calculated as of the last day of each fiscal quarter, not to exceed 3.25 to 1.00. Alternatively, for up to three of such five quarters, we may elect to comply with a requirement of minimum liquidity, as defined in the Revolving Credit Facility, of not less than $5.0 billion. Through the second quarter of 2024, we complied with the net leverage ratio requirement. Each of the leverage ratio and net leverage ratio maximums, as applicable, is subject to a temporary four quarter increase in such ratio to 3.75 to 1.00 following certain material acquisitions.
Revolving Credit Facility | 2026 Revolving Credit Facility | Minimum | Adjusted term SOFR |
Revolving Credit Facility |
Debt Instrument, Basis Spread on Variable Rate | 1.00%
Revolving Credit Facility | 2026 Revolving Credit Facility | Minimum | SOFR |
Revolving Credit Facility |
Debt Instrument, Basis Spread on Variable Rate | 0.11%
Revolving Credit Facility | 2026 Revolving Credit Facility | Maximum | Adjusted term SOFR |
Revolving Credit Facility |
Debt Instrument, Basis Spread on Variable Rate | 1.75%
Revolving Credit Facility | 2026 Revolving Credit Facility | Maximum | SOFR |
Revolving Credit Facility |
Debt Instrument, Basis Spread on Variable Rate | 0.43%

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- Definition Description of minimum financial levels (for example, tangible net worth and working capital) and achievement of certain financial ratios (for example, working capital ratio and debt service coverage ratio), and adherence to certain clauses which generally require or restrict certain actions (for example, entering into a debt arrangement with equal or greater seniority, and selling or discontinuing a certain business segment or material subsidiary) to be in compliance with the covenant clauses of the debt agreement. May also include a discussion of the adverse consequences that would result if the entity violates or fails to satisfy the covenants. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480848/942-470-50-3 + Details
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