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Trade Accounts Receivable Securitization and Sale Programs (Tables) | 3 Months Ended
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Nov. 30, 2019
Transfers and Servicing [Abstract] |
Asset-backed Securitization Programs and 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):
| Three months ended
| November 30, 2019 |  | November 30, 2018(3)
Trade accounts receivable sold | $ | 1,162 |  |  | $ | 750 |
Cash proceeds received(1) | $ | 1,156 |  |  | $ | 744 |
Pre-tax losses on sale of receivables(2) | $ | 6 |  |  | $ | 6 |
(1) | The amounts primarily represent proceeds from collections reinvested in revolving-period transfers.
(2) | Recorded to other expense within the Condensed 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 which occurred during the first quarter of fiscal year 2019.
Trade Accounts Receivable Sale Programs Key Terms | The 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 (10) | Maximum Amount (in millions)(1) |  |  | Type of Facility |  | Expiration Date
A | $ | 800.0 |  |  |  | Uncommitted |  | August 31, 2022(2)
B | $ | 150.0 |  |  |  | Uncommitted |  | November 30, 2020(3)
C | 800.0 |  | CNY |  | Uncommitted |  | June 30, 2020
D | $ | 150.0 |  |  |  | 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) | As of the date of this filing, program J is no longer being utilized as it has been replaced with a new $500.0 million program (see footnote 10 below for details).
(9) | The program will be automatically extended each year through April 11, 2025 unless either party provides 30 days notice of termination.
(10) The Company entered into two new trade accounts receivable sale programs on December 5, 2019 with maximum amounts of $500.0 million and CHF 100.0 million, respectively.
Trade Accounts Receivable Sale Programs Amounts Recognized | In connection with the trade accounts receivable sale programs, the Company recognized the following (in millions):
| Three months ended
| November 30, 2019 |  | November 30, 2018
Trade accounts receivable sold | $ | 1,962 |  |  | $ | 1,834 |
Cash proceeds received | $ | 1,957 |  |  | $ | 1,826 |
Pre-tax losses on sale of receivables(1) | $ | 5 |  |  | $ | 8 |
(1) Recorded to other expense within the Condensed Consolidated Statement of Operations.

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