XML 121 R106.htm IDEA: XBRL DOCUMENT v3.22.2.2
Income Taxes - Reconciliation of Income Tax Rate (Details) - USD ($)
$ / shares in Units, $ in Millions
12 Months Ended
Aug. 31, 2022
Aug. 31, 2021
Aug. 31, 2020
Income Tax Disclosure [Abstract]      
U.S. federal statutory income tax rate 21.00% 21.00% 21.00%
State income taxes, net of federal tax benefit 0.70% 0.20% (2.60%)
Impact of foreign tax rates (4.00%) (4.60%) (0.90%)
Permanent differences 1.20% (0.40%) 3.20%
Income tax credits (0.50%) (0.40%) (2.50%)
Changes in tax rates on deferred tax assets and liabilities 0.00% 0.00% 10.30%
Valuation allowance (3.30%) 1.30% 16.80%
Equity compensation (0.50%) 0.60% 2.20%
Impact of intercompany charges and dividends 3.60% 4.40% 15.00%
Global Intangible Low-Taxed Income 1.10% 3.00% 13.70%
Other, net (0.20%) 0.90% 2.00%
Effective income tax rate 19.10% 26.00% 78.20%
Income tax benefit on income from subsidiaries $ 80 $ 51 $ 43
Per basic share income tax benefit on income from subsidiaries (in dollars per share) $ 0.57 $ 0.34 $ 0.28
Income tax expense associated with remeasurement of referred tax assets $ 26   $ 21