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Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
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Aug. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Changes in Goodwill Allocated to Reportable Segments and Gross Goodwill Balances and Accumulated Impairments | The following table presents the changes in goodwill allocated to the Company’s reportable segments, Electronics Manufacturing Services (“EMS”) and Diversified Manufacturing Services (“DMS”), during the fiscal years ended August 31, 2024 and 2023 (in millions):
| EMS |  | DMS |  | Total
Balance as of August 31, 2022 | $ | 79 |  |  | $ | 625 |  |  | $ | 704 |
Acquisitions and adjustments | — |  |  | 24 |  |  | 24 |
Change in foreign currency exchange rates | 1 |  |  | 9 |  |  | 10 |
Goodwill classified as held for sale | — |  |  | (117) |  |  | (117) |
Balance as of August 31, 2023 | 80 |  |  | 541 |  |  | 621 |
Acquisitions and adjustments | — |  |  | 34 |  |  | 34 |
Change in foreign currency exchange rates | — |  |  | 6 |  |  | 6 |
Balance as of August 31, 2024 | $ | 80 |  |  | $ | 581 |  |  | $ | 661 |
The following table is a summary of the Company’s gross goodwill balances and accumulated impairments as of the periods indicated (in millions):
| August 31, 2024 |  | August 31, 2023
| Gross Carrying Amount |  | Accumulated Impairment |  | Gross Carrying Amount(1) |  | Accumulated Impairment
Goodwill | $ | 1,681 |  |  | $ | 1,020 |  |  | $ | 1,641 |  |  | $ | 1,020 |
(1)Excludes $117 million of goodwill classified as held for sale. See Note 17 – “Business Acquisitions and Divestitures” for additional information.
Schedule of Indefinite-Lived Intangible Assets | The following table presents the Company’s total purchased intangible assets as of August 31, 2024, and 2023 (in millions):
| Weighted Average Amortization Period (in years) |  | August 31, 2024 |  | August 31, 2023
|  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Contractual agreements and customer relationships | 12 |  | $ | 361 |  |  | $ | (270) |  |  | $ | 91 |  |  | $ | 320 |  |  | $ | (251) |  |  | $ | 69 |
Intellectual property | 9 |  | 198 |  |  | (181) |  |  | 17 |  |  | 198 |  |  | (177) |  |  | 21 |
Finite-lived trade names(1) | 2 |  | 130 |  |  | (95) |  |  | 35 |  |  | 79 |  |  | (78) |  |  | 1 |
Trade names(1) | Indefinite |  | — |  |  | — |  |  | — |  |  | 51 |  |  | — |  |  | 51 |
Total intangible assets | 10 |  | $ | 689 |  |  | $ | (546) |  |  | $ | 143 |  |  | $ | 648 |  |  | $ | (506) |  |  | $ | 142 |
(1)In the second quarter of fiscal year 2024 and in connection with the divestiture of the Mobility Business, the Company made a strategic decision that the indefinite-lived (“Green Point”) trade name acquired during the acquisition of Green Point should no longer be classified as an indefinite-lived intangible asset. See Note 17 – “Business Acquisitions and Divestitures” for additional information.
Schedule of Finite-Lived Intangible Assets | The following table presents the Company’s total purchased intangible assets as of August 31, 2024, and 2023 (in millions):
| Weighted Average Amortization Period (in years) |  | August 31, 2024 |  | August 31, 2023
|  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Contractual agreements and customer relationships | 12 |  | $ | 361 |  |  | $ | (270) |  |  | $ | 91 |  |  | $ | 320 |  |  | $ | (251) |  |  | $ | 69 |
Intellectual property | 9 |  | 198 |  |  | (181) |  |  | 17 |  |  | 198 |  |  | (177) |  |  | 21 |
Finite-lived trade names(1) | 2 |  | 130 |  |  | (95) |  |  | 35 |  |  | 79 |  |  | (78) |  |  | 1 |
Trade names(1) | Indefinite |  | — |  |  | — |  |  | — |  |  | 51 |  |  | — |  |  | 51 |
Total intangible assets | 10 |  | $ | 689 |  |  | $ | (546) |  |  | $ | 143 |  |  | $ | 648 |  |  | $ | (506) |  |  | $ | 142 |
(1)In the second quarter of fiscal year 2024 and in connection with the divestiture of the Mobility Business, the Company made a strategic decision that the indefinite-lived (“Green Point”) trade name acquired during the acquisition of Green Point should no longer be classified as an indefinite-lived intangible asset. See Note 17 – “Business Acquisitions and Divestitures” for additional information.
Schedule of Estimated Future Amortization Expense | The estimated future amortization expense is as follows (in millions):
Fiscal Year Ended August 31, |
2025 | $ | 47 |
2026 | 27 |
2027 | 18 |
2028 | 16 |
2029 | 9 |
Thereafter | 26 |
Total | $ | 143 |

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