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Asset-Backed Securitization Programs (Tables) | 12 Months Ended
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Aug. 31, 2021
Transfers and Servicing [Abstract] |
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,
| 2021(3) |  | 2020 |  | 2019(4)
Trade accounts receivable sold | $ | 4,222 |  |  | $ | 4,333 |  |  | $ | 4,057 |
Cash proceeds received(1) | $ | 4,202 |  |  | $ | 4,314 |  |  | $ | 4,031 |
Proceeds due from bank | $ | 10 |  |  | $ | — |  |  | $ | — |
Pre-tax losses on sale of receivables(2) | $ | 10 |  |  | $ | 19 |  |  | $ | 26 |
(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)Includes trade accounts receivable sold and cash proceeds received under the foreign asset-backed securitization program through June 28, 2021, except for $99 million of previously sold receivables that were repurchased. (4)Excludes $650 million of trade accounts receivable sold, $488 million of cash and $14 million of net cash received prior to the amendment of the foreign asset-backed securitization program and under the global asset-backed securitization program which occurred during the first quarter of fiscal year 2019.

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- Definition Schedule of asset back securitization amounts recognized. + References No definition available. + Details
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