XML 45 R30.htm IDEA: XBRL DOCUMENT v3.22.2.2
Description of Business and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Aug. 31, 2022
Accounting Policies [Abstract]  
Schedule of Components of Property, Plant and Equipment Estimated useful lives for major classes of depreciable assets are as follows:
Asset Class Estimated Useful Life
Buildings
Up to 35 years
Leasehold improvements Shorter of lease term or useful life of the improvement
Machinery and equipment
2 to 10 years
Furniture, fixtures and office equipment 5 years
Computer hardware and software
3 to 7 years
Transportation equipment 3 years
Property, plant and equipment consists of the following (in millions):
  August 31, 2022 August 31, 2021
Land and improvements $ 108  $ 143 
Buildings 1,191  1,216 
Leasehold improvements 1,362  1,249 
Machinery and equipment 5,627  5,216 
Furniture, fixtures and office equipment 241  234 
Computer hardware and software 860  819 
Transportation equipment 10 
Construction in progress 179  222 
Property, plant and equipment 9,578  9,108 
Less accumulated depreciation and amortization 5,624  5,033 
Property, plant and equipment, net $ 3,954  $ 4,075 
Summary of Changes in AOCI The following table sets forth the changes in AOCI, net of tax, by component during the fiscal year ended August 31, 2022 (in millions):
Foreign
Currency
Translation
Adjustment
Derivative
Instruments
Actuarial Gain (Loss) Prior Service (Cost) Credit Total
Balance as of August 31, 2021 $ (20) $ (36) $ 51  $ (20) $ (25)
Other comprehensive (loss) income before reclassifications (68)

28  —  (39)
Amounts reclassified from AOCI
—  32 

(14)

22 
Other comprehensive (loss) income(1)
(68) 33  14  (17)
Balance as of August 31, 2022 $ (88) $ (3) $ 65  $ (16) $ (42)
(1)Amounts are net of tax, which are immaterial.
Reclassification out of Accumulated Other Comprehensive Income
The following table sets forth the amounts reclassified from AOCI into the Consolidated Statements of Operations, and the associated financial statement line item, net of tax, for the periods indicated (in millions):
Fiscal Year Ended August 31,
Comprehensive Income Components Financial Statement Line Item 2022 2021 2020
Realized losses (gains) on derivative instruments:(1)
Foreign exchange contracts Cost of revenue $ 30  $ (44) $ 15 
Interest rate contracts Interest expense (1)
Actuarial gain
(2)
(14) (16) (3)
Prior service cost
(2)
— 
Available for sale securities
(Gain) loss on securities —  —  36 
Total amounts reclassified from AOCI(3)
$ 22  $ (56) $ 47 
(1)The Company expects to reclassify $28 million into earnings during the next twelve months, which will primarily be classified as a component of cost of revenue.
(2)Amounts are included in the computation of net periodic benefit cost. Refer to Note 10 – “Postretirement and Other Employee Benefits” for additional information.
(3)Amounts are net of tax, which are immaterial for the fiscal years ended August 31, 2022, 2021 and 2020.
Schedule of Dilutive Shares Outstanding Not Included in the Computation of Earnings Per Share Potential shares of common stock not included in the computation of earnings per share because their effect would have been antidilutive or because the performance criterion was not met were as follows (in thousands):
  Fiscal Year Ended August 31,
  2022 2021 2020
Restricted stock units 209.4  655.0  728.3