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Restructuring, Severance and Related Charges (Tables) | 6 Months Ended
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Feb. 29, 2024
Restructuring and Related Activities [Abstract] |
Schedule of Restructuring, Severance and Related Charges and Liability Activity | Following is a summary of the Company’s restructuring, severance and related charges (in millions):
| Three months ended |  | Six months ended
| February 29, 2024(1) |  | February 28, 2023(2) |  | February 29, 2024(1) |  | February 28, 2023(2)
Employee severance and benefit costs | $ | 28 |  |  | $ | (4) |  |  | $ | 123 |  |  | $ | 36 |
Lease costs | 1 |  |  | — |  |  | 1 |  |  | — |
Asset write-off costs | 33 |  |  | 4 |  |  | 55 |  |  | 5 |
Other costs | 8 |  |  | — |  |  | 18 |  |  | 4 |
Total restructuring, severance and related charges(3) | $ | 70 |  |  | $ | — |  |  | $ | 197 |  |  | $ | 45 |
(1)Primarily relates to the 2024 Restructuring Plan. (2)Primarily relates to headcount reduction to further optimize the Company’s business activities. (3)Includes $11 million and $0 million recorded in the EMS segment, $35 million and $0 million recorded in the DMS segment and $24 million and $0 million of non-allocated charges for the three months ended February 29, 2024 and February 28, 2023, respectively. Includes $40 million and $4 million recorded in the EMS segment, $114 million and $33 million recorded in the DMS segment and $43 million and $8 million of non-allocated charges for the six months ended February 29, 2024 and February 28, 2023, respectively. Except for asset write-off costs, all restructuring, severance and related charges are cash costs. The table below summarizes the Company’s liability activity, primarily associated with the 2024 Restructuring Plan (in millions):
| Employee Severance and Benefit Costs |  | Lease Costs |  | Asset Write-off Costs |  | Other Related Costs |  | Total
Balance as of August 31, 2023 | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Restructuring related charges | 123 |  |  | 1 |  |  | 55 |  |  | 18 |  |  | 197 |
Asset write-off charge and other non-cash activity | — |  |  | — |  |  | (55) |  |  | (5) |  |  | (60) |
Cash payments | (57) |  |  | (1) |  |  | — |  |  | (4) |  |  | (62) |
Balance as of February 29, 2024 | $ | 66 |  |  | $ | — |  |  | $ | — |  |  | $ | 9 |  |  | $ | 75 |

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- Definition Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-2 + Details
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