XML 75 R10.htm IDEA: XBRL DOCUMENT

Inventories	3 Months Ended
Inventories	Nov. 30, 2014
Inventories [Abstract]
Inventories	Note 2. Inventories Inventories are valued on a lower of last-in, first-out (LIFO) cost or market basis. At November 30, 2014, August 31, 2014 and November 30, 2013, inventories would have been greater by $2.3 billion, $2.3 billion and $2.2 billion, respectively, if they had been valued on a lower of first-in, first-out (FIFO) cost or market basis. LIFO inventory costs can only be determined annually when inflation rates and inventory levels are finalized; therefore, LIFO inventory costs for interim financial statements are estimated. Inventory includes product costs, inbound freight, warehousing costs and vendor allowances not classified as a reduction of advertising expense.

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

+ References+ Details