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v3.24.1

Concentration of Risk and Segment Data (Tables) | 6 Months Ended
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Feb. 29, 2024
Segment Reporting [Abstract] |
Schedule of Segment Income | The following table sets forth operating segment information (in millions):
| Three months ended |  | Six months ended
| February 29, 2024 |  | February 28, 2023 |  | February 29, 2024 |  | February 28, 2023
Segment income and reconciliation of income before income tax |  |  |  |  |  |  |
EMS | $ | 145 |  |  | $ | 205 |  |  | $ | 310 |  |  | $ | 403 |
DMS | 193 |  |  | 186 |  |  | 527 |  |  | 449 |
Total segment income | $ | 338 |  |  | $ | 391 |  |  | $ | 837 |  |  | $ | 852 |
Reconciling items: |  |  |  |  |  |  |
Amortization of intangibles | (9) |  |  | (9) |  |  | (15) |  |  | (17) |
Stock-based compensation expense and related charges | (23) |  |  | (20) |  |  | (69) |  |  | (62) |
Restructuring, severance and related charges | (70) |  |  | — |  |  | (197) |  |  | (45) |
Gain from the divestiture of businesses | 944 |  |  | — |  |  | 944 |  |  | — |
Acquisition and divestiture related charges | (46) |  |  | — |  |  | (61) |  |  | — |
Other expense (net of periodic benefit cost) | (25) |  |  | (20) |  |  | (48) |  |  | (39) |
Interest expense, net | (47) |  |  | (55) |  |  | (94) |  |  | (103) |
Income before income tax | $ | 1,062 |  |  | $ | 287 |  |  | $ | 1,297 |  |  | $ | 586 |
Schedule of Revenues Disaggregated by Segment | The following table presents the Company’s revenues disaggregated by segment (in millions):
| Three months ended
| February 29, 2024 |  | February 28, 2023
| EMS |  | DMS |  | Total |  | EMS |  | DMS |  | Total
Timing of transfer |  |  |  |  |  |  |  |  |  |  |
Point in time | $ | 1,206 |  |  | $ | 773 |  |  | $ | 1,979 |  |  | $ | 1,267 |  |  | $ | 1,416 |  |  | $ | 2,683 |
Over time | 2,125 |  |  | 2,663 |  |  | 4,788 |  |  | 2,784 |  |  | 2,667 |  |  | 5,451 |
Total | $ | 3,331 |  |  | $ | 3,436 |  |  | $ | 6,767 |  |  | $ | 4,051 |  |  | $ | 4,083 |  |  | $ | 8,134 |
| Six months ended
| February 29, 2024 |  | February 28, 2023
| EMS |  | DMS |  | Total |  | EMS |  | DMS |  | Total
Timing of transfer |  |  |  |  |  |  |  |  |  |  |
Point in time | $ | 2,301 |  |  | $ | 2,787 |  |  | $ | 5,088 |  |  | $ | 2,805 |  |  | $ | 3,696 |  |  | $ | 6,501 |
Over time | 4,622 |  |  | 5,444 |  |  | 10,066 |  |  | 5,792 |  |  | 5,476 |  |  | 11,268 |
Total | $ | 6,923 |  |  | $ | 8,231 |  |  | $ | 15,154 |  |  | $ | 8,597 |  |  | $ | 9,172 |  |  | $ | 17,769 |
Schedule of Foreign Source Revenue | The following table sets forth, for the periods indicated, foreign source revenue expressed as a percentage of net revenue:
| Three months ended |  | Six months ended
| February 29, 2024 |  | February 28, 2023 |  | February 29, 2024 |  | February 28, 2023
Foreign source revenue | 82.5 | % |  | 84.0 | % |  | 84.7 | % |  | 85.0 | %

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