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Stockholders' Equity | 3 Months Ended
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Nov. 30, 2022
Share-Based Payment Arrangement [Abstract] |
Stockholders' Equity | Stockholders’ Equity The Company recognized stock-based compensation expense within selling, general and administrative expense as follows (in millions):
|  |  | Three months ended
|  |  |  |  | November 30, 2022 |  | November 30, 2021
Restricted stock units |  |  |  |  | $ | 38 |  |  | $ | 32 |
Employee stock purchase plan |  |  |  |  | 4 |  |  | 3 |
Total |  |  |  |  | $ | 42 |  |  | $ | 35 |
As of November 30, 2022, the shares available to be issued under the 2021 Equity Incentive Plan w ere 8,394,608. Restricted Stock Units Certain key employees have been granted time-based, performance-based and market-based restricted stock unit awards (“restricted stock units”). The time-based restricted stock units generally vest on a graded vesting schedule over three years. T he performance-based restricted stock units generally vest on a cliff vesting schedule over three years and up to a maximum of 150%, depending on the specified performance condition and the level of achievement obtained. The performance-based restricted stock units have a vesting condition that is based upon the Company’s cumulative adjusted core earnings per share during the performance period. The market-based restricted stock units generally vest on a cliff vesting schedule over three years and up to a maximum of 200%, depending on the specified performance condition and the level of achievement obtained. The market-based restricted stock units ha ve a vesting condition that is tied to the Company’s total shareholder return based on the Company’s stock performance in relation to the companies in the Standard and Poor’s (S&P) Super Composite Technology Hardware and Equipment Index excluding the Company. During the three months ended November 30, 2022 and 2021, the Company awarded approximately 0.9 million and 0.7 million time-based restricted stock units, respectively, 0.2 million and 0.2 million performance-based restricted stock units, respectively, and 0.2 million and 0.2 million market-based restricted stock units, respectively. The following represents the stock-based compensation information as of the period indicated (in millions):
| November 30, 2022
Unrecognized stock-based compensation expense—restricted stock units | $ | 79 |
Remaining weighted-average period for restricted stock units expense | 1.5 years
Common Stock Outstanding The following represents the common stock outstanding for the periods indicated:
|  |  | Three months ended
|  |  |  |  | November 30, 2022 |  | November 30, 2021
Common stock outstanding: |  |  |  |  |  |  |
Beginning balances |  |  |  |  | 135,493,980 |  |  | 144,496,077 |
Vesting of restricted stock |  |  |  |  | 1,861,678 |  |  | 2,425,472 |
Purchases of treasury stock under employee stock plans |  |  |  |  | (523,407) |  |  | (690,555) |
Treasury shares purchased(1)(2) |  |  |  |  | (2,600,951) |  |  | (2,064,985) |
Ending balances |  |  |  |  | 134,231,300 |  |  | 144,166,009 |
(1)In July 2021, the Board of Directors approved an authorization for the repurchase of up to $1.0 billion of the Company’s common stock (the “2022 Share Repurchase Program”). As of November 30, 2022, 15.0 million shares had been repurchased for $898 million and $102 million remains available under the 2022 Share Repurchase Program. (2)In September 2022, the Board of Directors approved an authorization for the repurchase of up to $1.0 billion of the Company’s common stock (the “2023 Share Repurchase Program”). As of November 30, 2022, no shares had been repurchased under the 2023 Share Repurchase Program.

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