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Property, Plant and Equipment (Tables) | 12 Months Ended
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Aug. 31, 2023
Property, Plant and Equipment [Abstract] |
Schedule of Components of Property, Plant and Equipment | Estimated useful lives for major classes of depreciable assets are as follows:
Asset Class | Estimated Useful Life
Buildings | Up to 35 years
Leasehold improvements | Shorter of lease term or useful life of the improvement
Machinery and equipment | 2 to 10 years
Furniture, fixtures and office equipment | 5 years
Computer hardware and software | 3 to 7 years
Transportation equipment | 3 years
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.
Schedule of Depreciation and Maintenance and Repair Expenses | 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 |

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- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482099/360-10-50-1 + Details
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- Definition Tabular disclosure of each detailed component of other operating costs and expenses that are applicable to sales and revenues, but not included in the cost of sales in the income statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 + Details
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