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Accrued Expenses
9 Months Ended
May 31, 2023
Accrued Liabilities, Current [Abstract]  
Accrued Expenses Accrued Expenses
Accrued expenses consist of the following (in millions):
May 31, 2023 August 31, 2022
Inventory deposits $ 1,879  $ 1,586 
Contract liabilities(1)
1,067  796 
Accrued compensation and employee benefits 786  806 
Other accrued expenses 2,232  2,084 
Accrued expenses $ 5,964  $ 5,272 
(1)Revenue recognized during the nine months ended May 31, 2023 and 2022 that was included in the contract liability balance as of August 31, 2022 and 2021 was $353 million and $269 million, respectively.