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Goodwill and Other Intangible Assets | 6 Months Ended
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Feb. 28, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets Beginning September 1, 2024, the Company reorganized its internal structure to focus on speed, precision, and solutions, and as a result of the organizational realignment, the Company’s operating segments now consist of three segments – Regulated Industries, Intelligent Infrastructure, and Connected Living and Digital Commerce, which are also the Company’s reportable segments. See Note 13 – “Concentration of Risk and Segment Data” to the Condensed Consolidated Financial Statements for additional information. The Company performs a goodwill impairment analysis on an annual basis and whenever events or changes in circumstances indicate that the carrying value may not be recoverable. As a result of the change in reportable segments, the Company’s reporting units also changed. In connection with the preparation of the Company’s financial statements for the quarter ended November 30, 2024, the Company tested goodwill for impairment immediately before and after the reorganization. As a result of these analyses, the Company determined that goodwill was not impaired before or after the reorganization. The following table presents the changes in goodwill allocated to the Company’s reportable segments during the six months ended February 28, 2025 (in millions):
| Regulated Industries |  | Intelligent Infrastructure |  | Connected Living and Digital Commerce |  | Total
Balance as of September 1, 2024 | $ | 490 |  |  | $ | 69 |  |  | $ | 102 |  |  | $ | 661 |
Acquisitions and adjustments(1) | 132 |  |  | 17 |  |  | — |  |  | 149 |
Change in foreign currency exchange rates | (7) |  |  | — |  |  | (1) |  |  | (8) |
Balance as of February 28, 2025 | $ | 615 |  |  | $ | 86 |  |  | $ | 101 |  |  | $ | 802 |
(1)During the fiscal year 2025 and in connection with the acquisitions of Pharmaceutics International, Inc. (“Pii”) and Mikros Technologies LLC (“Mikros Technologies”), the Company recognized goodwill of $132 million and $17 million, respectively. See Note 17 – “Business Acquisitions and Divestitures” for additional information. The following table is a summary of the Company’s gross goodwill balances and accumulated impairments as of the periods indicated (in millions):
| February 28, 2025 |  | August 31, 2024
| Gross Carrying Amount |  | Accumulated Impairment |  | Gross Carrying Amount |  | Accumulated Impairment
Goodwill | $ | 1,822 |  |  | $ | 1,020 |  |  | $ | 1,681 |  |  | $ | 1,020 |
The following table presents the Company’s total purchased intangible assets as of the periods indicated (in millions):
| Weighted Average Amortization Period (in years) |  | February 28, 2025(1) |  | August 31, 2024
|  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Contractual agreements and customer relationships | 11 |  | $ | 495 |  |  | $ | (278) |  |  | $ | 217 |  |  | $ | 361 |  |  | $ | (270) |  |  | $ | 91 |
Intellectual property | 9 |  | 243 |  |  | (184) |  |  | 59 |  |  | 198 |  |  | (181) |  |  | 17 |
Finite-lived trade names | 2 |  | 134 |  |  | (108) |  |  | 26 |  |  | 130 |  |  | (95) |  |  | 35 |
Total intangible assets | 10 |  | $ | 872 |  |  | $ | (570) |  |  | $ | 302 |  |  | $ | 689 |  |  | $ | (546) |  |  | $ | 143 |
(1)In connection with the acquisition of Pii, the Company acquired $149 million of intangible assets, including $109 million assigned to contractual agreements and customer relationships and $38 million assigned to intellectual property. In connection with the acquisition of Mikros Technologies, the Company acquired $40 million of intangible assets, including $31 million assigned to contractual agreements and customer relationships. See Note 17 – “Business Acquisitions and Divestitures” for additional information. Intangible asset amortization during the three months and six months ended February 28, 2025 was approximately $15 million and $28 million, respectively. Intangible asset amortization during the three months and six months ended February 29, 2024 was approximately $9 million and $15 million, respectively. The estimated future amortization expense is as follows (in millions):
Fiscal Year Ended August 31, |
2025 | $ | 34 |
2026 | 49 |
2027 | 39 |
2028 | 36 |
2029 | 29 |
Thereafter | 115 |
Total | $ | 302 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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