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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Aug. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Goodwill Allocated to Reportable Segments
The following table presents the changes in goodwill allocated to the Company’s reportable segments, Electronics Manufacturing Services (“EMS”) and Diversified Manufacturing Services (“DMS”), during the fiscal years ended August 31, 2022 and 2021 (in millions):
EMS DMS Total
Balance as of August 31, 2020 $ 74  $ 623  $ 697 
Acquisitions and adjustments —  17  17 
Change in foreign currency exchange rates — 
Balance as of August 31, 2021 74  641  715 
Acquisitions and adjustments
Change in foreign currency exchange rates (1) (17) (18)
Balance as of August 31, 2022 $ 79  $ 625  $ 704 
The following table is a summary of the Company’s gross goodwill balances and accumulated impairments as of the periods indicated (in millions):
  August 31, 2022 August 31, 2021
Gross
Carrying
Amount
Accumulated
Impairment
Gross
Carrying
Amount
Accumulated
Impairment
Goodwill $ 1,724  $ 1,020  $ 1,735  $ 1,020 
Schedule of Indefinite-Lived Intangible Assets
The following table presents the Company’s total purchased intangible assets as of August 31, 2022 and 2021 (in millions):
  Weighted
Average
Amortization
Period
(in years)
August 31, 2022 August 31, 2021
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Contractual agreements and customer relationships
12 $ 302  $ (231) $ 71  $ 304  $ (217) $ 87 
Intellectual property 9 198  (173) 25  191  (169) 22 
Finite-lived trade names Not applicable 78  (67) 11  78  (56) 22 
Trade names Indefinite 51  —  51  51  —  51 
Total intangible assets 12 $ 629  $ (471) $ 158  $ 624  $ (442) $ 182 
Schedule of Finite-Lived Intangible Assets
The following table presents the Company’s total purchased intangible assets as of August 31, 2022 and 2021 (in millions):
  Weighted
Average
Amortization
Period
(in years)
August 31, 2022 August 31, 2021
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Contractual agreements and customer relationships
12 $ 302  $ (231) $ 71  $ 304  $ (217) $ 87 
Intellectual property 9 198  (173) 25  191  (169) 22 
Finite-lived trade names Not applicable 78  (67) 11  78  (56) 22 
Trade names Indefinite 51  —  51  51  —  51 
Total intangible assets 12 $ 629  $ (471) $ 158  $ 624  $ (442) $ 182 
Schedule of Estimated Future Amortization Expense The estimated future amortization expense is as follows (in millions):
Fiscal Year Ended August 31,
2023 $ 31 
2024 17 
2025 15 
2026 12 
2027 12 
Thereafter 20 
Total $ 107