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Trade Accounts Receivable Securitization and Sale Programs (Tables) | 12 Months Ended
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Aug. 31, 2019
Transfers and Servicing [Abstract] |
Asset Backed Securitization Programs Key Terms | Following is a summary of the asset-backed securitization programs and key terms:
| Maximum Amount of Net Cash Proceeds (in millions)(1) |  | Expiration Date
North American | $ | 390.0 |  |  | November 22, 2021
Foreign | $ | 400.0 |  |  | September 30, 2021
(1) | Maximum amount available at any one time.
Asset Backed Securitization Programs Amounts Recognized | In connection with the asset-backed securitization programs, the Company recognized the following (in millions):
| Fiscal Year Ended August 31,
| 2019(3) |  | 2018 |  | 2017
Trade accounts receivable sold | $ | 4,057 |  |  | $ | 8,386 |  |  | $ | 8,878 |
Cash proceeds received(1) | $ | 4,031 |  |  | $ | 7,838 |  |  | $ | 8,300 |
Pre-tax losses on sale of receivables(2) | $ | 26 |  |  | $ | 15 |  |  | $ | 9 |
Deferred purchase price receivables as of August 31 | $ | — |  |  | $ | 533 |  |  | $ | 569 |
(1) | The amounts primarily represent proceeds from collections reinvested in revolving-period transfers.
(2) | Recorded to other expense within the Consolidated Statements of Operations.
(3) | Excludes $650.3 million of trade accounts receivable sold, $488.1 million of cash and $13.9 million of net cash received prior to the amendment of the foreign asset-backed securitization program and under the previous North American asset-backed securitization program.
Trade Accounts Receivable Sale Programs Key Terms | Following is a summary of the trade accounts receivable sale programs with unaffiliated financial institutions where the Company may elect to sell receivables and the unaffiliated financial institution may elect to purchase, at a discount, on an ongoing basis:
Program | Maximum Amount (in millions)(1) |  |  | Type of Facility |  | Expiration Date |
A | $ | 800.0 |  |  |  | Uncommitted |  | August 31, 2022 | (2)
B | $ | 150.0 |  |  |  | Uncommitted |  | November 30, 2019 | (3)
C | 800.0 |  | CNY |  | Uncommitted |  | June 30, 2020 |
D | $ | 100.0 |  |  |  | Uncommitted |  | May 4, 2023 | (4)
E | $ | 50.0 |  |  |  | Uncommitted |  | August 25, 2020 |
F | $ | 150.0 |  |  |  | Uncommitted |  | January 25, 2020 | (5)
G | $ | 50.0 |  |  |  | Uncommitted |  | February 23, 2023 | (2)
H | $ | 100.0 |  |  |  | Uncommitted |  | August 10, 2020 | (6)
I | $ | 100.0 |  |  |  | Uncommitted |  | July 21, 2020 | (7)
J | $ | 740.0 |  |  |  | Uncommitted |  | February 28, 2020 | (8)
K | $ | 110.0 |  |  |  | Uncommitted |  | April 11, 2020 | (9)
(1) | Maximum amount available at any one time.
(2) | Any party may elect to terminate the agreement upon 15 days prior notice.
(3) | The program will automatically extend for one year at each expiration date unless either party provides 10 days notice of termination.
(4) | Any party may elect to terminate the agreement upon 30 days prior notice.
(5) | The program will be automatically extended through January 25, 2023 unless either party provides 30 days notice of termination.
(6) | The program will be automatically extended through August 10, 2023 unless either party provides 30 days notice of termination.
(7) | The program will be automatically extended through August 21, 2023 unless either party provides 30 days notice of termination.
(8) | The program will be automatically extended through February 28, 2024 unless either party provides 90 days notice of termination.
(9) | The program will be automatically extended each year through April 11, 2025 unless either party provides 30 days notice of termination.
Trade Accounts Receivable Sale Programs Amounts Recognized | In connection with the trade accounts receivable sale programs, the Company recognized the following (in millions):
| Fiscal Year Ended August 31,
| 2019 |  | 2018 |  | 2017
Trade accounts receivable sold | $ | 6,751 |  |  | $ | 5,480 |  |  | $ | 2,968 |
Cash proceeds received | $ | 6,723 |  |  | $ | 5,463 |  |  | $ | 2,962 |
Pre-tax losses on sale of receivables(1) | $ | 28 |  |  | $ | 17 |  |  | $ | 6 |
(1) | Recorded to other expense within the Consolidated Statements of Operations.

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