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Notes Payable and Long-Term Debt (Tables) | 3 Months Ended
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Nov. 30, 2021
Debt Disclosure [Abstract] |
Schedule of Notes Payable and Long-term Debt | Notes payable and long-term debt outstanding as of November 30, 2021 and August 31, 2021 are summarized below (in millions):
|  | Maturity Date |  | November 30, 2021 |  | August 31, 2021
4.700% Senior Notes |  | Sep 15, 2022 |  | $ | 500 |  |  | $ | 499 |
4.900% Senior Notes |  | Jul 14, 2023 |  | 300 |  |  | 300 |
3.950% Senior Notes |  | Jan 12, 2028 |  | 496 |  |  | 496 |
3.600% Senior Notes |  | Jan 15, 2030 |  | 495 |  |  | 495 |
3.000% Senior Notes |  | Jan 15, 2031 |  | 591 |  |  | 591 |
1.700% Senior Notes |  | Apr 15, 2026 |  | 496 |  |  | 496 |
Borrowings under credit facilities(1) |  | Jan 22, 2024 and Jan 22, 2026 |  | — |  |  | — |
Borrowings under loans |  | Jul 31, 2026 |  | 1 |  |  | 1 |
Total notes payable and long-term debt |  |  |  | 2,879 |  |  | 2,878 |
Less current installments of notes payable and long-term debt |  |  |  | 500 |  |  | — |
Notes payable and long-term debt, less current installments |  |  |  | $ | 2,379 |  |  | $ | 2,878 |
(1)As of November 30, 2021, the Company has $3.8 billion in available unused borrowing capacity under its revolving credit facilities. The senior unsecured credit agreement dated as of January 22, 2020 and amended on April 28, 2021 (the “Credit Facility”) acts as the back-up facility for commercial paper outstanding, if any. The Company has a borrowing capacity of up to $1.8 billion under its commercial paper program.

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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