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Asset-Backed Securitization Programs (Tables)
12 Months Ended
Aug. 31, 2022
Transfers and Servicing [Abstract]  
Asset-Backed Securitization Programs Amounts Recognized
In connection with the asset-backed securitization programs, the Company recognized the following (in millions):
Fiscal Year Ended August 31,
2022
2021(3)
2020
Trade accounts receivable sold $ 3,932  $ 4,222  $ 4,333 
Cash proceeds received(1)
$ 3,919  $ 4,202  $ 4,314 
Proceeds due from bank $ —  $ 10  $ — 
Pre-tax losses on sale of receivables(2)
$ 13  $ 10  $ 19 
(1)The amounts primarily represent proceeds from collections reinvested in revolving-period transfers.
(2)Recorded to other expense within the Consolidated Statements of Operations.
(3)Includes trade accounts receivable sold and cash proceeds received under the foreign asset-backed securitization program through June 28, 2021, except for $99 million of previously sold receivables that were repurchased.