Trade Accounts Receivable Securitization and Sale Programs (Tables)

12 Months Ended

Aug. 31, 2017

Trade Accounts Receivable Securitization and Sale Programs [Abstract]

Asset Backed Securitization Programs Key Terms [TableTextBlock]

	Following is a summary of the asset-backed securitization programs and key terms:

		Maximum Amount of		Expiration
		Net Cash Proceeds⁽¹⁾		Date
	North American	$	200.0 million		October 20, 2017⁽³⁾
	Foreign	$	400.0 million⁽²⁾		May 1, 2018

⁽¹⁾	Maximum amount available at any one time.
⁽²⁾	Amended effective February 13, 2017, to increase facility limit from $275.0 million.
⁽³⁾	On October 18, 2017, the program was extended to November 17, 2017.

Asset Backed Securitization Programs Amounts Recognized [Table Text Block]

In connection with the asset-backed securitization programs, the Company recognized the following (in millions):


	2017		2016		2015
Eligible trade accounts receivable sold for fiscal year	$	8,878	$	7,870	$	7,608
Cash proceeds received for fiscal year⁽¹⁾	$	8,300	$	7,336	$	7,175
Pre-tax losses on sale of receivables for fiscal year⁽²⁾	$	9	$	5	$	4
Deferred purchase price receivables as of August 31⁽³⁾	$	569	$	527	$	429

Trade Accounts Receivable Sale Programs Key Terms [Table Text Block]

Following is a summary of the five trade accounts receivable sale programs with unaffiliated financial institutions where the Company may elect to sell receivables, at a discount, on an ongoing basis:


		Maximum	Type of	Expiration
	Program	Amount⁽¹⁾	Facility	Date
	A	$756.5 million⁽²⁾	Uncommitted		August 31, 2022⁽³⁾⁽⁴⁾
	B	$150.0 million	Uncommitted		August 31, 2018⁽⁴⁾
	C	800.0 million CNY	Uncommitted		February 15, 2018⁽⁵⁾
	D	$100.0 million	Uncommitted		November 1, 2018⁽³⁾
	E	$50.0 million	Uncommitted		August 25, 2018⁽⁶⁾

⁽¹⁾	Maximum amount available at any one time.
⁽²⁾	The maximum amount under the program was increased in the fourth quarter of fiscal year 2017 and will be reduced to
	$650.0 million on February 1, 2018.
⁽³⁾	Any party may elect to terminate the agreement upon 15 days prior notice.
⁽⁴⁾	The program was extended in the fourth quarter of fiscal year 2017.
⁽⁵⁾	Program entered into on February 15, 2017.
⁽⁶⁾	Program entered into during the fourth quarter of fiscal year 2017.

Trade Accounts Receivable Sale Programs Amounts Recognized [Table Text Block]

	In connection with the trade accounts receivable sale programs, the Company recognized the following for the fiscal
years ended August 31 (in millions):


			2017		2016		2015
		Trade accounts receivable sold⁽¹⁾	$	2,968	$	3,651	$	2,085
		Cash proceeds received	$	2,962	$	3,647	$	2,082

⁽¹⁾	The resulting losses on the sales of trade accounts receivable during fiscal years 2017, 2016 and 2015 were not material
	and were recorded to other expense within the Consolidated Statements of Operations.