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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Aug. 31, 2023
Aug. 31, 2022
Aug. 31, 2021
Cash flows provided by operating activities:      
Net income $ 818 $ 996 $ 698
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 924 925 876
Restructuring and related charges 5 (1) 5
Recognition of stock-based compensation expense and related charges 95 81 102
Deferred income taxes 85 (13) (13)
Loss on sale of property, plant and equipment 0 0 14
Other, net 13 10 17
Change in operating assets and liabilities, exclusive of net assets acquired:      
Accounts receivable 267 (878) (283)
Contract assets 171 (214) 116
Inventories 370 (1,725) (1,276)
Prepaid expenses and other current assets (214) (367) (90)
Other assets 53 (29) (43)
Accounts payable, accrued expenses and other liabilities (853) 2,866 1,310
Net cash provided by operating activities 1,734 1,651 1,433
Cash flows used in investing activities:      
Acquisition of property, plant and equipment (1,030) (1,385) (1,159)
Proceeds and advances from sale of property, plant and equipment 322 544 366
Cash paid for business and intangible asset acquisitions, net of cash (29) (18) (50)
Proceeds from the divestiture of businesses 50 0 0
Repurchase of sold receivables 0 0 (99)
Cash receipts on repurchased receivables 0 4 95
Other, net (36) (3) (4)
Net cash used in investing activities (723) (858) (851)
Cash flows used in financing activities:      
Borrowings under debt agreements 4,047 3,767 1,724
Payments toward debt agreements (4,204) (3,890) (1,613)
Payments to acquire treasury stock (487) (696) (428)
Dividends paid to stockholders (45) (48) (50)
Net proceeds from exercise of stock options and issuance of common stock under employee stock purchase plan 51 45 39
Treasury stock minimum tax withholding related to vesting of restricted stock (36) (44) (22)
Other, net (6) (22) (63)
Net cash used in financing activities (680) (888) (413)
Effect of exchange rate changes on cash and cash equivalents (5) 6 4
Net increase (decrease) in cash and cash equivalents 326 (89) 173
Cash and cash equivalents at beginning of period 1,478 1,567 1,394
Cash and cash equivalents at end of period 1,804 1,478 1,567
Supplemental disclosure information:      
Interest paid, net of capitalized interest 211 150 124
Income taxes paid, net of refunds received $ 319 $ 209 $ 211