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Property, Plant and Equipment | 12 Months Ended
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Aug. 31, 2023
Property, Plant and Equipment [Abstract] |
Property, Plant and Equipment | Property, Plant and Equipment Property, plant and equipment consists of the following (in millions):
| August 31, 2023(1) |  | August 31, 2022
Land and improvements | $ | 107 |  |  | $ | 108 |
Buildings | 1,281 |  |  | 1,191 |
Leasehold improvements | 676 |  |  | 1,362 |
Machinery and equipment | 4,362 |  |  | 5,627 |
Furniture, fixtures and office equipment | 229 |  |  | 241 |
Computer hardware and software | 840 |  |  | 860 |
Transportation equipment | 7 |  |  | 10 |
Construction in progress | 147 |  |  | 179 |
Property, plant and equipment | 7,649 |  |  | 9,578 |
Less accumulated depreciation and amortization | 4,512 |  |  | 5,624 |
Property, plant and equipment, net | $ | 3,137 |  |  | $ | 3,954 |
(1)Excludes $724 million of property, plant and equipment, net classified as held for sale. See Note 16 – “Business Acquisitions and Divestitures” for additional information. Depreciation and maintenance and repair expenses were as follows for the periods indicated (in millions):
| Fiscal Year Ended August 31,
| 2023 |  | 2022 |  | 2021
Depreciation expense | $ | 891 |  |  | $ | 891 |  |  | $ | 828 |
Maintenance and repair expense | $ | 431 |  |  | $ | 395 |  |  | $ | 381 |
As of August 31, 2023 and 2022, the Company had $357 million and $472 million, respectively, included in accounts payable for the acquisition of property, plant and equipment, which is considered a non-cash investing activity in the Consolidated Statements of Cash Flows.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-7 + Details
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