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Stockholders' Equity | 9 Months Ended
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May 31, 2023
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 |  | Nine months ended
| May 31, 2023 |  | May 31, 2022 |  | May 31, 2023 |  | May 31, 2022
Restricted stock units | $ | 14 |  |  | $ | 13 |  |  | $ | 68 |  |  | $ | 57 |
Employee stock purchase plan | 4 |  |  | 3 |  |  | 12 |  |  | 10 |
Total | $ | 18 |  |  | $ | 16 |  |  | $ | 80 |  |  | $ | 67 |
As of May 31, 2023, the shares available to be issued under t he 2021 Equity Incentive Plan were 8,473,317. 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 nine months ended May 31, 2023 and 2022, 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):
| May 31, 2023
Unrecognized stock-based compensation expense—restricted stock units | $ | 51 |
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 |  | Nine months ended
| May 31, 2023 |  | May 31, 2022 |  | May 31, 2023 |  | May 31, 2022
Common stock outstanding: |  |  |  |  |  |  |
Beginning balances | 133,238,368 |  |  | 142,392,135 |  |  | 135,493,980 |  |  | 144,496,077 |
Shares issued under employee stock purchase plan | 1,730 |  |  | 1,686 |  |  | 631,066 |  |  | 522,169 |
Vesting of restricted stock | 3,372 |  |  | 13,609 |  |  | 2,013,768 |  |  | 2,467,324 |
Purchases of treasury stock under employee stock plans | (700) |  |  | (3,766) |  |  | (571,349) |  |  | (704,040) |
Treasury shares purchased(1)(2) | (1,890,906) |  |  | (3,552,475) |  |  | (6,215,601) |  |  | (7,930,341) |
Ending balances | 131,351,864 |  |  | 138,851,189 |  |  | 131,351,864 |  |  | 138,851,189 |
(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 February 28, 2023, 16.5 million shares had been repurchased for $1.0 billion and no authorization remained 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 May 31, 2023, 2.2 million shares had been repurchased for $179 million, excluding excise tax, and $821 million remains available under the 2023 Share Repurchase Program.

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