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Asset-Backed Securitization Program (Tables) | 3 Months Ended
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Nov. 30, 2023
Transfers and Servicing [Abstract] |
Schedule of Asset-backed Securitization Programs Amounts Recognized | In connection with the asset-backed securitization programs, the Company recognized the following (in millions):
|  |  | Three months ended
|  |  |  |  | November 30, 2023 |  | November 30, 2022
Trade accounts receivable sold(1) |  |  |  |  | $ | 989 |  |  | $ | 1,066 |
Cash proceeds received(2) |  |  |  |  | $ | 979 |  |  | $ | 1,058 |
Pre-tax losses on sale of receivables(3) |  |  |  |  | $ | 10 |  |  | $ | 8 |
(1)Receivables sold are excluded from accounts receivable on the Condensed Consolidated Balance Sheets and are reflected as cash provided by operating activities on the Condensed Consolidated Statements of Cash Flows. (2)The amounts primarily represent proceeds from collections reinvested in revolving-period transfers. (3)Recorded to other expense within the Condensed Consolidated Statements of Operations.

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