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Leases
 12 Months Ended
Aug. 31, 2022
Leases [Abstract]  
Leases Leases
The following table sets forth the amount of lease assets and lease liabilities included on the Company's Consolidated Balance Sheets, as of the periods indicated (in millions):
Financial Statement Line Item August 31, 2022 August 31, 2021
Assets
Operating lease assets(1)
 Operating lease right-of-use assets $ 500  $ 390 
Finance lease assets(2)
 Property, plant and equipment, net 368  318 
Total lease assets $ 868  $ 708 
Liabilities
Current
Operating lease liabilities Current operating lease liabilities $ 119  $ 108 
Finance lease liabilities Accrued expenses 120  96 
Non-current
Operating lease liabilities Non-current operating lease liabilities 417  333 
Finance lease liabilities Other liabilities 198  223 
Total lease liabilities $ 854  $ 760 
(1)Net of accumulated amortization of $249 million and $165 million as of August 31, 2022 and 2021, respectively.
(2)Net of accumulated amortization of $110 million and $41 million as of August 31, 2022 and 2021, respectively.
The following table is a summary of expenses related to leases included on the Company's Consolidated Statements of Operations, for the periods indicated (in millions):
Fiscal Year Ended August 31,
  2022 2021
Operating lease cost $ 143  $ 119 
Finance lease cost
Amortization of leased assets 70  27 
Interest on lease liabilities 6  5 
Other 22  27 
Net lease cost(1)
 $ 241  $ 178 
(1)Lease costs are primarily recognized in cost of revenue.
The following table is a summary of the weighted-average remaining lease terms and weighted-average discount rates of the Company's leases, as of the periods indicated:
August 31, 2022 August 31, 2021
Weighted-average remaining lease term Weighted-average discount rate Weighted-average remaining lease term Weighted-average discount rate
Operating leases 5.3 years 3.19  % 5.6 years 3.09  %
Finance leases 2.6 years 2.84  % 3.4 years 2.51  %
The following table sets forth other supplemental information related to the Company's lease portfolio (in millions):
Fiscal Year Ended August 31,
  2022 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases(1)
 $ 123  $ 121 
Operating cash flows for finance leases(1)
 $ 6  $ 5 
Financing activities for finance leases(2)
 $ 120  $ 39 
Non-cash right-of-use assets obtained in exchange for new lease liabilities:
Operating leases $ 229  $ 141 
Finance leases $ 127  $ 190 
(1)Included in accounts payable, accrued expenses and other liabilities in Operating Activities of the Company's Consolidated Statements of Cash Flows.
(2)Included in payments toward debt agreements in Financing Activities of the Company's Consolidated Statements of Cash Flows.
The future minimum lease payments under operating and finance leases as of August 31, 2022 were as follows (in millions):
Fiscal Year Ended August 31,
Operating Leases(1)
Finance Leases(1)(2)
 Total
2023 $ 130  $ 126  $ 256 
2024 102  46  148 
2025 78  63  141 
2026 60  83  143 
2027 43  6  49 
Thereafter 174  14  188 
Total minimum lease payments $ 587  $ 338  $ 925 
Less: Interest (51) (20) (71)
Present value of lease liabilities $ 536  $ 318  $ 854 
(1)Excludes $78 million of payments related to leases signed but not yet commenced. Additionally, certain leases signed but not yet commenced contain residual value guarantees and purchase options not deemed probable.
(2)Excludes $194 million of residual value guarantees that could potentially come due in future periods. The Company does not believe it is probable that any amounts will be owed under these guarantees. Therefore, no amounts related to
the residual value guarantees are included in the lease payments used to measure the right-of-use assets and lease liabilities.
Leases Leases
The following table sets forth the amount of lease assets and lease liabilities included on the Company's Consolidated Balance Sheets, as of the periods indicated (in millions):
Financial Statement Line Item August 31, 2022 August 31, 2021
Assets
Operating lease assets(1)
 Operating lease right-of-use assets $ 500  $ 390 
Finance lease assets(2)
 Property, plant and equipment, net 368  318 
Total lease assets $ 868  $ 708 
Liabilities
Current
Operating lease liabilities Current operating lease liabilities $ 119  $ 108 
Finance lease liabilities Accrued expenses 120  96 
Non-current
Operating lease liabilities Non-current operating lease liabilities 417  333 
Finance lease liabilities Other liabilities 198  223 
Total lease liabilities $ 854  $ 760 
(1)Net of accumulated amortization of $249 million and $165 million as of August 31, 2022 and 2021, respectively.
(2)Net of accumulated amortization of $110 million and $41 million as of August 31, 2022 and 2021, respectively.
The following table is a summary of expenses related to leases included on the Company's Consolidated Statements of Operations, for the periods indicated (in millions):
Fiscal Year Ended August 31,
  2022 2021
Operating lease cost $ 143  $ 119 
Finance lease cost
Amortization of leased assets 70  27 
Interest on lease liabilities 6  5 
Other 22  27 
Net lease cost(1)
 $ 241  $ 178 
(1)Lease costs are primarily recognized in cost of revenue.
The following table is a summary of the weighted-average remaining lease terms and weighted-average discount rates of the Company's leases, as of the periods indicated:
August 31, 2022 August 31, 2021
Weighted-average remaining lease term Weighted-average discount rate Weighted-average remaining lease term Weighted-average discount rate
Operating leases 5.3 years 3.19  % 5.6 years 3.09  %
Finance leases 2.6 years 2.84  % 3.4 years 2.51  %
The following table sets forth other supplemental information related to the Company's lease portfolio (in millions):
Fiscal Year Ended August 31,
  2022 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases(1)
 $ 123  $ 121 
Operating cash flows for finance leases(1)
 $ 6  $ 5 
Financing activities for finance leases(2)
 $ 120  $ 39 
Non-cash right-of-use assets obtained in exchange for new lease liabilities:
Operating leases $ 229  $ 141 
Finance leases $ 127  $ 190 
(1)Included in accounts payable, accrued expenses and other liabilities in Operating Activities of the Company's Consolidated Statements of Cash Flows.
(2)Included in payments toward debt agreements in Financing Activities of the Company's Consolidated Statements of Cash Flows.
The future minimum lease payments under operating and finance leases as of August 31, 2022 were as follows (in millions):
Fiscal Year Ended August 31,
Operating Leases(1)
Finance Leases(1)(2)
 Total
2023 $ 130  $ 126  $ 256 
2024 102  46  148 
2025 78  63  141 
2026 60  83  143 
2027 43  6  49 
Thereafter 174  14  188 
Total minimum lease payments $ 587  $ 338  $ 925 
Less: Interest (51) (20) (71)
Present value of lease liabilities $ 536  $ 318  $ 854 
(1)Excludes $78 million of payments related to leases signed but not yet commenced. Additionally, certain leases signed but not yet commenced contain residual value guarantees and purchase options not deemed probable.
(2)Excludes $194 million of residual value guarantees that could potentially come due in future periods. The Company does not believe it is probable that any amounts will be owed under these guarantees. Therefore, no amounts related to
the residual value guarantees are included in the lease payments used to measure the right-of-use assets and lease liabilities.