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SHAREHOLDERS' EQUITY | 12 Months Ended
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Aug. 31, 2022
Equity [Abstract] |
SHAREHOLDERS' EQUITY | Shareholders’ Equity Accenture plc Ordinary Shares We have 40,000 authorized ordinary shares, par value €1 per share. Each ordinary share of Accenture plc entitles its holder to receive payments upon a liquidation of Accenture plc; however a holder of an ordinary share is not entitled to vote on matters submitted to a vote of shareholders of Accenture plc or to receive dividends. Class A Ordinary Shares An Accenture plc Class A ordinary share entitles its holder to one vote per share, and holders of those shares do not have cumulative voting rights. Each Class A ordinary share entitles its holder to a pro rata part of any dividend at the times and in the amounts, if any, which Accenture plc’s Board of Directors from time to time determines to declare, subject to any preferred dividend rights attaching to any preferred shares. Each Class A ordinary share is entitled on a winding-up of Accenture plc to be paid a pro rata part of the value of the assets of Accenture plc remaining after payment of its liabilities, subject to any preferred rights on liquidation attaching to any preferred shares. Class X Ordinary Shares Most of our pre-incorporation partners who received Accenture Canada Holdings Inc. exchangeable shares in connection with our transition to a corporate structure received a corresponding number of Accenture plc Class X ordinary shares. An Accenture plc Class X ordinary share entitles its holder to one vote per share, and holders of those shares do not have cumulative voting rights. A Class X ordinary share does not entitle its holder to receive dividends, and holders of those shares are not entitled to be paid any amount upon a winding-up of Accenture plc. Accenture plc may redeem, at its option, any Class X ordinary share for a redemption price equal to the par value of the Class X ordinary share. Accenture plc has separately agreed with the original holders of Accenture Canada Holdings Inc. exchangeable shares not to redeem any Class X ordinary share of such holder if the redemption would reduce the number of Class X ordinary shares held by that holder to a number that is less than the number of Accenture Canada Holdings Inc. exchangeable shares owned by that holder, as the case may be. Accenture plc will redeem Class X ordinary shares upon the redemption or exchange of Accenture Canada Holdings Inc. exchangeable shares so that the aggregate number of Class X ordinary shares outstanding at any time does not exceed the aggregate number of Accenture Canada Holdings Inc. exchangeable shares outstanding. Class X ordinary shares are not transferable without the consent of Accenture plc. Equity of Subsidiaries Redeemable or Exchangeable for Accenture plc Class A Ordinary Shares Accenture Canada Holdings Inc. Exchangeable Shares Pre-incorporation partners resident in Canada and New Zealand received Accenture Canada Holdings Inc. exchangeable shares in connection with our transition to a corporate structure. Holders of Accenture Canada Holdings Inc. exchangeable shares may exchange their shares for Accenture plc Class A ordinary shares at any time on a one-for-one basis. We may, at our option, satisfy this exchange with cash at a price per share generally equal to the market price of an Accenture plc Class A ordinary share at the time of the exchange. Each exchangeable share of Accenture Canada Holdings Inc. entitles its holder to receive distributions equal to any distributions to which an Accenture plc Class A ordinary share entitles its holder. Share Purchases and Redemptions The Board of Directors of Accenture plc has authorized funding for our publicly announced open-market share purchase program for acquiring Accenture plc Class A ordinary shares and for purchases and redemptions of Accenture plc Class A ordinary shares and Accenture Canada Holdings Inc. exchangeable shares held by current and former members of Accenture Leadership and their permitted transferees. As of August 31, 2022, our aggregate available authorization was $3,129,296 for our publicly announced open-market share purchase and these other share purchase programs. Our share purchase activity during fiscal 2022 is as follows:
| Accenture plc Class A Ordinary Shares |  | Accenture Canada Holdings Inc. Exchangeable Shares
| Shares |  | Amount |  | Shares |  | Amount
Open-market share purchases (1) | 9,635,751 |  |  | $ | 3,151,807 |  |  | — |  |  | $ | — |
Other share purchase programs | — |  |  | — |  |  | 14,318 |  |  | 5,112 |
Other purchases (2) | 2,545,166 |  |  | 959,459 |  |  | — |  |  | — |
Total | 12,180,917 |  |  | $ | 4,111,266 |  |  | 14,318 |  |  | $ | 5,112 |
(1)We conduct a publicly announced open-market share purchase program for Accenture plc Class A ordinary shares. These shares are held as treasury shares by Accenture plc and may be utilized to provide for select employee benefits, such as equity awards to our employees. (2)During fiscal 2022, as authorized under our various employee equity share plans, we acquired Accenture plc Class A ordinary shares primarily via share withholding for payroll tax obligations due from employees and former employees in connection with the delivery of Accenture plc Class A ordinary shares under those plans. These purchases of shares in connection with employee share plans do not affect our aggregate available authorization for our publicly announced open-market share purchase and the other share purchase programs. Dividends Our dividend activity during fiscal 2022 is as follows:
|  | Dividend Per Share |  | Accenture plc Class A Ordinary Shares |  | Accenture Canada Holdings Inc. Exchangeable Shares |  | Total Cash Outlay
Dividend Payment Date |  | Record Date |  | Cash Outlay |  | Record Date |  | Cash Outlay |
November 15, 2021 |  | $ | 0.97 |  |  | October 14, 2021 |  | $ | 612,543 |  |  | October 12, 2021 |  | $ | 665 |  |  | $ | 613,208 |
February 15, 2022 |  | 0.97 |  |  | January 13, 2022 |  | 615,926 |  |  | January 11, 2022 |  | 657 |  |  | 616,583 |
May 13, 2022 |  | 0.97 |  |  | April 14, 2022 |  | 613,135 |  |  | April 12, 2022 |  | 650 |  |  | 613,785 |
August 15, 2022 |  | 0.97 |  |  | July 14, 2022 |  | 613,080 |  |  | July 12, 2022 |  | 650 |  |  | 613,730 |
Total Dividends |  |  |  |  |  | $ | 2,454,684 |  |  |  |  | $ | 2,622 |  |  | $ | 2,457,306 |
The payment of cash dividends includes the net effect of $103,502 of additional restricted stock units being issued as a part of our share plans, which resulted in 313,029 restricted share units being issued. Subsequent Events On September 21, 2022, the Board of Directors of Accenture plc declared a quarterly cash dividend of $1.12 per share on our Class A ordinary shares for shareholders of record at the close of business on October 13, 2022, payable on November 15, 2022. On September 21, 2022, the Board of Directors of Accenture plc approved $3,000,000 in additional share repurchase authority, bringing Accenture’s total outstanding authority to $6,129,296.

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