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Stockholders' Equity (Tables)
9 Months Ended
May 31, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Recognized Stock-based Compensation Expense
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 12  10 
Total $ 18  $ 16  $ 80  $ 67 
Schedule of Share-based Compensation Information
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
Schedule of 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.