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Concentration of Risk and Segment Data (Tables) | 6 Months Ended
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Feb. 28, 2025
Segment Reporting [Abstract] |
Schedule of Revenues Disaggregated by Segment | The following table presents the Company’s revenues disaggregated by segment (in millions):
| Three months ended
| February 28, 2025 |  | February 29, 2024
| Point in time |  | Over time |  | Total |  | Point in time |  | Over time |  | Total
Regulated Industries | $ | 133 |  |  | $ | 2,608 |  |  | $ | 2,741 |  |  | $ | 114 |  |  | $ | 2,870 |  |  | $ | 2,984 |
Intelligent Infrastructure | 1,217 |  |  | 1,430 |  |  | 2,647 |  |  | 1,200 |  |  | 1,044 |  |  | 2,244 |
Connected Living and Digital Commerce(1) | 365 |  |  | 975 |  |  | 1,340 |  |  | 665 |  |  | 874 |  |  | 1,539 |
Total | $ | 1,715 |  |  | $ | 5,013 |  |  | $ | 6,728 |  |  | $ | 1,979 |  |  | $ | 4,788 |  |  | $ | 6,767 |
| Six months ended
| February 28, 2025 |  | February 29, 2024
| Point in time |  | Over time |  | Total |  | Point in time |  | Over time |  | Total
Regulated Industries | $ | 268 |  |  | $ | 5,430 |  |  | $ | 5,698 |  |  | $ | 246 |  |  | $ | 5,930 |  |  | $ | 6,176 |
Intelligent Infrastructure | 2,323 |  |  | 2,820 |  |  | 5,143 |  |  | 2,277 |  |  | 2,335 |  |  | 4,612 |
Connected Living and Digital Commerce(1) | 820 |  |  | 2,061 |  |  | 2,881 |  |  | 2,565 |  |  | 1,801 |  |  | 4,366 |
Total | $ | 3,411 |  |  | $ | 10,311 |  |  | $ | 13,722 |  |  | $ | 5,088 |  |  | $ | 10,066 |  |  | $ | 15,154 |
(1)Decrease in point in time revenues from the prior period is primarily driven by the divestiture of the Mobility Business during the three months ended February 29, 2024.
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(1)
| February 28, 2025 |  | February 29, 2024 |  | February 28, 2025 |  | February 29, 2024
Foreign source revenue | 77.0 | % |  | 82.5 | % |  | 78.9 | % |  | 84.7 | %
(1)Decrease from the prior period is primarily driven by the divestiture of the Mobility Business during the three months ended February 29, 2024.
Schedule of Segment Income and Reconciliation of Income Before Income Tax | The following tables sets forth operating segment information (in millions):
| Three months ended |  | Six months ended
| February 28, 2025 |  | February 29, 2024 |  | February 28, 2025 |  | February 29, 2024
Segment income and reconciliation of income before income tax |  |  |  |  |  |  |
Regulated Industries | $ | 132 |  |  | $ | 138 |  |  | $ | 270 |  |  | $ | 286 |
Intelligent Infrastructure | 141 |  |  | 94 |  |  | 261 |  |  | 206 |
Connected Living and Digital Commerce | 61 |  | 106 |  |  | 150 |  |  | 345 |
Total segment income | $ | 334 |  |  | $ | 338 |  |  | $ | 681 |  |  | $ | 837 |
Reconciling items: |  |  |  |  |  |  |
Amortization of intangibles | (15) |  |  | (9) |  |  | (28) |  |  | (15) |
Stock-based compensation expense and related charges | (21) |  |  | (23) |  |  | (65) |  |  | (69) |
Restructuring, severance and related charges(1) | (45) |  |  | (70) |  |  | (128) |  |  | (197) |
Business interruption and impairment charges, net(2) | — |  |  | — |  |  | (9) |  |  | — |
Gain from the divestiture of businesses(3) | — |  |  | 944 |  |  | — |  |  | 944 |
Acquisition and divestiture related charges(3) | (8) |  |  | (46) |  |  | (8) |  |  | (61) |
Other expense (net of periodic benefit cost) | (24) |  |  | (25) |  |  | (45) |  |  | (48) |
Interest expense, net | (37) |  |  | (47) |  |  | (75) |  |  | (94) |
Income before income tax | $ | 184 |  |  | $ | 1,062 |  |  | $ | 323 |  |  | $ | 1,297 |
(1)Charges recorded during the three months and six months ended February 28, 2025, and February 29, 2024, primarily related to the 2025 Restructuring Plan and 2024 Restructuring Plan, respectively. (2)Charges recorded during the six months ended February 28, 2025, relate primarily to costs associated with damage from Hurricanes Helene and Milton, which impacted our operations in St. Petersburg, Florida, and Asheville and Hendersonville, North Carolina. (3)The Company completed the divestiture of the Mobility Business and recorded a pre-tax gain of $944 million, subject to certain post-closing adjustments that were realized in March 2025. The Company incurred transaction and disposal costs in connection with the sale of approximately $46 million and $61 million during the three months and six months ended February 29, 2024, respectively.
Schedule of Segment Assets |
|  | February 28, 2025 |  | August 31, 2024
Total assets: |  |  |  |
Regulated Industries |  | $ | 6,103 |  |  | $ | 5,855 |
Intelligent Infrastructure |  | 3,219 |  |  | 2,624 |
Connected Living and Digital Commerce |  | 2,191 |  |  | 2,297 |
Other non-allocated assets |  | 5,883 |  |  | 6,575 |
Total |  | $ | 17,396 |  |  | $ | 17,351 |

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