XML 46 R31.htm IDEA: XBRL DOCUMENT v3.22.2.2
Trade Accounts Receivable Sale Programs (Tables)
12 Months Ended
Aug. 31, 2022
Transfers and Servicing [Abstract]  
Schedule of 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 (in millions):
Program
Maximum
Amount
(1)
Type of
Facility
Expiration
Date
A $ 700  Uncommitted December 5, 2022 (2)
B $ 150  Uncommitted November 30, 2022
C 400  CNY Uncommitted August 31, 2023
D $ 150  Uncommitted May 4, 2023 (3)
E $ 150  Uncommitted January 25, 2023 (3)
F $ 50  Uncommitted February 23, 2023 (4)
G $ 100  Uncommitted August 10, 2023 (3)
H $ 550  Uncommitted December 4, 2022 (5)
I $ 135  Uncommitted April 11, 2023 (6)
J 100  CHF Uncommitted December 5, 2022 (2)
K $ 65  Uncommitted January 23, 2023
(1)Maximum amount of trade accounts receivable that may be sold under a facility at any one time.
(2)The program will be automatically extended through December 5, 2025 unless either party provides 30 days notice of termination.
(3)Any party may elect to terminate the agreement upon 30 days prior notice.
(4)Any party may elect to terminate the agreement upon 15 days prior notice.
(5)The program will be automatically extended through December 5, 2024 unless either party provides 30 days notice of termination.
(6)The program will be automatically extended through April 11, 2025 unless either party provides 30 days notice of termination.
Schedule of Trade Accounts Receivable Sale Programs Amounts Recognized
In connection with the trade accounts receivable sale programs, the Company recognized the following (in millions):
Fiscal Year Ended August 31,
2022 2021 2020
Trade accounts receivable sold $ 8,513  $ 4,654  $ 8,457 
Cash proceeds received $ 8,504  $ 4,651  $ 8,440 
Pre-tax losses on sale of receivables(1)
$ $ $ 17 
(1)Recorded to other expense within the Consolidated Statements of Operations.