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Concentration of Risk and Segment Data (Tables) | 9 Months Ended
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May 31, 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
| May 31, 2025 |  | May 31, 2024
| Point in time |  | Over time |  | Total |  | Point in time |  | Over time |  | Total
Regulated Industries | $ | 96 |  |  | $ | 2,960 |  |  | $ | 3,056 |  |  | $ | 168 |  |  | $ | 2,877 |  |  | $ | 3,045 |
Intelligent Infrastructure | 1,870 |  |  | 1,563 |  |  | 3,433 |  |  | 1,166 |  |  | 1,111 |  |  | 2,277 |
Connected Living and Digital Commerce | 404 |  |  | 935 |  |  | 1,339 |  |  | 397 |  |  | 1,046 |  |  | 1,443 |
Total | $ | 2,370 |  |  | $ | 5,458 |  |  | $ | 7,828 |  |  | $ | 1,731 |  |  | $ | 5,034 |  |  | $ | 6,765 |
| Nine months ended
| May 31, 2025 |  | May 31, 2024
| Point in time |  | Over time |  | Total |  | Point in time |  | Over time |  | Total
Regulated Industries | $ | 364 |  |  | $ | 8,390 |  |  | $ | 8,754 |  |  | $ | 414 |  |  | $ | 8,807 |  |  | $ | 9,221 |
Intelligent Infrastructure | 4,193 |  |  | 4,383 |  |  | 8,576 |  |  | 3,443 |  |  | 3,446 |  |  | 6,889 |
Connected Living and Digital Commerce(1) | 1,224 |  |  | 2,996 |  |  | 4,220 |  |  | 2,962 |  |  | 2,847 |  |  | 5,809 |
Total | $ | 5,781 |  |  | $ | 15,769 |  |  | $ | 21,550 |  |  | $ | 6,819 |  |  | $ | 15,100 |  |  | $ | 21,919 |
(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 |  | Nine months ended
| May 31, 2025 |  | May 31, 2024 |  | May 31, 2025 |  | May 31, 2024
Foreign source revenue | 72.5 | % |  | 80.5 | % |  | 76.6 | % |  | 83.4 | %
Schedule of Segment Income and Reconciliation of Income Before Income Tax | The following tables sets forth operating segment information (in millions):
| Three months ended |  | Nine months ended
| May 31, 2025 |  | May 31, 2024 |  | May 31, 2025 |  | May 31, 2024
Segment income and reconciliation of income before income tax |  |  |  |  |  |  |
Regulated Industries | $ | 168 |  |  | $ | 183 |  |  | $ | 438 |  |  | $ | 469 |
Intelligent Infrastructure | 181 |  |  | 121 |  |  | 442 |  |  | 327 |
Connected Living and Digital Commerce | 71 |  |  | 46 |  |  | 221 |  |  | 391 |
Total segment income | $ | 420 |  |  | $ | 350 |  |  | $ | 1,101 |  |  | $ | 1,187 |
Reconciling items: |  |  |  |  |  |  |
Amortization of intangibles | (17) |  |  | (12) |  |  | (45) |  |  | (27) |
Stock-based compensation expense and related charges | (19) |  |  | (3) |  |  | (84) |  |  | (72) |
Restructuring, severance and related charges(1) | (16) |  |  | (55) |  |  | (144) |  |  | (252) |
Business interruption and impairment charges, net(2) | (1) |  |  | (14) |  |  | (10) |  |  | (14) |
Gain from the divestiture of businesses(3) | 45 |  |  | — |  |  | 45 |  |  | 944 |
Acquisition and divestiture related charges(3) | (9) |  |  | (3) |  |  | (17) |  |  | (64) |
Loss on securities(4) | (46) |  |  | — |  |  | (46) |  |  | — |
Other expense (net of periodic benefit cost) | (30) |  |  | (24) |  |  | (75) |  |  | (72) |
Interest expense, net | (37) |  |  | (38) |  |  | (112) |  |  | (132) |
Income before income tax | $ | 290 |  |  | $ | 201 |  |  | $ | 613 |  |  | $ | 1,498 |
(1)Charges recorded during the three months and nine months ended May 31, 2025, and May 31, 2024, primarily related to the 2025 Restructuring Plan and 2024 Restructuring Plan, respectively. (2)Charges recorded during the nine months ended May 31, 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. Charges recorded during the three months and nine months ended May 31, 2024, related to costs associated with product quality liabilities. Charges recorded during the three months and nine months ended May 31, 2025, and May 31, 2024, are classified as a component of cost of revenue and selling, general and administrative expenses in the Condensed Consolidated Statements of Operations. (3)The Company completed the divestiture of the Mobility Business and recorded a pre-tax gain of $944 million during the nine months ended May 31, 2024. Certain post-closing adjustments were realized in March 2025, which resulted in the recognition of a $54 million pre-tax gain during the three months ended May 31, 2025. The Company incurred transaction and disposal costs in connection with the sale of approximately $64 million during the nine months ended May 31, 2024. (4)Charges recorded during the three months and nine months ended May 31, 2025, relate to an impairment of an investment in Preferred Stock.
Schedule of Segment Assets |
|  | May 31, 2025 |  | August 31, 2024
Total assets: |  |  |  |
Regulated Industries |  | $ | 6,345 |  |  | $ | 5,855 |
Intelligent Infrastructure |  | 3,748 |  |  | 2,624 |
Connected Living and Digital Commerce |  | 2,197 |  |  | 2,297 |
Other non-allocated assets |  | 6,297 |  |  | 6,575 |
Total |  | $ | 18,587 |  |  | $ | 17,351 |

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