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Restructuring, Severance and Related Charges (Tables) | 6 Months Ended
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Feb. 28, 2025
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 28, 2025(1) |  | February 29, 2024(2) |  | February 28, 2025(1) |  | February 29, 2024(2)
Employee severance and benefit costs | $ | 18 |  |  | $ | 28 |  |  | $ | 45 |  |  | $ | 123 |
Lease costs | 1 |  |  | 1 |  |  | 4 |  |  | 1 |
Asset write-off costs | 4 |  |  | 33 |  |  | 27 |  |  | 55 |
Other costs | 22 |  |  | 8 |  |  | 52 |  |  | 18 |
Total restructuring, severance and related charges(3) | $ | 45 |  |  | $ | 70 |  |  | $ | 128 |  |  | $ | 197 |
(1)Primarily relates to the 2025 Restructuring Plan. (2)Primarily relates to the 2024 Restructuring Plan. (3)Except for asset write-off costs, all restructuring, severance and related charges are cash costs. The following table presents the Company’s restructuring, severance, and related charges disaggregated by segment (in millions):
| Three months ended |  | Six months ended
| February 28, 2025 |  | February 29, 2024 |  | February 28, 2025 |  | February 29, 2024
Total restructuring, severance and related charges: |  |  |  |  |  |  |
Regulated Industries | $ | 3 |  |  | $ | 4 |  |  | $ | 24 |  |  | $ | 36 |
Intelligent Infrastructure | 21 |  |  | 11 |  |  | 50 |  |  | 40 |
Connected Living and Digital Commerce | (1) |  |  | 31 |  |  | 5 |  |  | 78 |
Non-allocated charges | 22 |  |  | 24 |  |  | 49 |  |  | 43 |
Total | $ | 45 |  |  | $ | 70 |  |  | $ | 128 |  |  | $ | 197 |
The table below summarizes the Company’s liability activity, primarily associated with the 2025 Restructuring Plan (in millions):
| Employee Severance and Benefit Costs |  | Lease Costs |  | Asset Write-off Costs |  | Other Related Costs |  | Total
Balance as of August 31, 2024 | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Restructuring related charges | 44 |  |  | 3 |  |  | 21 |  |  | 48 |  |  | 116 |
Asset write-off charge and other non-cash activity | — |  |  | — |  |  | (21) |  |  | (22) |  |  | (43) |
Cash payments | (28) |  |  | (3) |  |  | — |  |  | (8) |  |  | (39) |
Balance as of February 28, 2025 | $ | 16 |  |  | $ | — |  |  | $ | — |  |  | $ | 18 |  |  | $ | 34 |
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, 2024 | $ | 66 |  |  | $ | 1 |  |  | $ | — |  |  | $ | 5 |  |  | $ | 72 |
Restructuring related charges | 1 |  |  | 1 |  |  | 6 |  |  | 4 |  |  | 12 |
Asset write-off charge and other non-cash activity | — |  |  | — |  |  | (6) |  |  | — |  |  | (6) |
Cash payments | (44) |  |  | — |  |  | — |  |  | (6) |  |  | (50) |
Balance as of February 28, 2025 | $ | 23 |  |  | $ | 2 |  |  | $ | — |  |  | $ | 3 |  |  | $ | 28 |

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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 -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -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 -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 3: 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 + Details
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