Short-Term Borrowings and Long-Term Debt (Tables)

3 Months Ended

Nov. 30, 2014

Short-Term Borrowings and Long-Term Debt [Abstract]

Short-Term Borrowings

Short-term borrowings and long-term debt consist of the following (all amounts are presented in millions of U.S. Dollars.  Debt issuances are denominated in U.S. Dollars, unless otherwise noted):

	November 30, 2014		August 31, 2014		November 30, 2013
Short-Term Borrowings(1)
Current maturities of loans assumed through the purchase of land and buildings; various interest rates from 5.000% to 8.750%; various maturities from 2015 to 2035	$	7	$	8	$	2
Unsecured variable rate notes due 2014		-		-		550
1.000% unsecured notes due 2015		750		750		-
Other		17		16		19
Total short-term borrowings	$	774	$	774	$	571

(1) All notes are presented net of unamortized discount, where applicable.

(2) Also includes interest rate swap fair market value adjustments, see Note 10 for additional fair value disclosures.

(3) Pound Sterling denominated notes are translated at the November 30, 2014 spot rate of $1.56 to one British Pound Sterling.

(4) Euro denominated notes are translated at the November 30, 2014 spot rate of $1.24 to one Euro.

Long-Term Debt

Long-Term Debt(1)
1.000% unsecured notes due 2015		-			-			750
Unsecured variable rate notes due 2016		750			-			-
1.800% unsecured notes due 2017		999			999			998
1.750% unsecured notes due 2017		749			-			-
5.250% unsecured notes due 2019(2)		1,019			1,010			1,018
2.700% unsecured notes due 2019		1,248			-			-
2.875% unsecured Pound Sterling notes due 2020(3)		624			-			-
3.300% unsecured notes due 2021		1,247			-			-
3.100% unsecured notes due 2022		1,199			1,199			1,199
3.800% unsecured notes due 2024		1,995			-			-
3.600% unsecured Pound Sterling notes due 2025(3)		469			-			-
2.125% unsecured Euro notes due 2026(4)		931			-			-
4.500% unsecured notes due 2034		497			-			-
4.400% unsecured notes due 2042		496			496			496
4.800% unsecured notes due 2044		1,500			-			-
Loans assumed through the purchase of land and buildings; various interest rates from 5.000% to 8.750%; various maturities from 2015 to 2035		40			40			42
		13,763			3,744			4,503
Less current maturities		(7	)		(8	)		(2	)
Total long-term debt	$	13,756		$	3,736		$	4,501

(1) All notes are presented net of unamortized discount, where applicable.

(2) Also includes interest rate swap fair market value adjustments, see Note 10 for additional fair value disclosures.

(3) Pound Sterling denominated notes are translated at the November 30, 2014 spot rate of $1.56 to one British Pound Sterling.

(4) Euro denominated notes are translated at the November 30, 2014 spot rate of $1.24 to one Euro.

Total $8.0 billion debt issuance [Member]

Debt Instrument [Line Items]

Details of each tranche of notes issued

The following table details each tranche of notes issued:

Notes Issued (In millions)		Maturity Date	Interest Rate	Interest Payment Dates
$	750	May 18, 2016	Variable; three-month U.S. Dollar LIBOR, reset quarterly, plus 45 basis points	February 18, May 18, August 18, and November 18; commencing on February 18, 2015.
	750	November 17, 2017	Fixed 1.750%	May 17 and November 17; commencing on May 17, 2015
	1,250	November 18, 2019	Fixed 2.700%	May 18 and November 18; commencing on May 18, 2015
	1,250	November 18, 2021	Fixed 3.300%	May 18 and November 18; commencing on May 18, 2015
	2,000	November 18, 2024	Fixed 3.800%	May 18 and November 18; commencing on May 18, 2015
	500	November 18, 2034	Fixed 4.500%	May 18 and November 18; commencing on May 18, 2015
	1,500	November 18, 2044	Fixed 4.800%	May 18 and November 18; commencing on May 18, 2015
$	8,000

Euro and Pound Sterling Notes [Member]

Debt Instrument [Line Items]

Details of each tranche of notes issued

The following table details each tranche of Euro and Pound Sterling notes issued:

Notes Issued (In millions)			Maturity Date	Interest Rate
Euro Notes:
	€	750	November 20, 2026	Fixed 2.125%
Pound Sterling Notes:
	£	400	November 20, 2020	Fixed 2.875%
		300	November 20, 2025	Fixed 3.600%
	£	700

Total $4.0 billion debt issuance [Member]

Debt Instrument [Line Items]

Details of each tranche of notes issued

On September 13, 2012, the Company obtained net proceeds from a public offering of $4.0 billion of U.S. denominated notes with varying maturities and interest rates, the majority of which, at issuance, were fixed rate.  The notes are unsecured senior debt obligations and rank equally with all other unsecured and unsubordinated indebtedness of the Company.  The following table details each tranche of outstanding notes issued:

Notes Issued (In millions)		Maturity Date	Interest Rate	Interest Payment Dates
$	750	March 13, 2015	Fixed 1.000%	March 13 and September 13; commencing on March 13, 2013
	1,000	September 15, 2017	Fixed 1.800%	March 15 and September 15; commencing on March 15, 2013
	1,200	September 15, 2022	Fixed 3.100%	March 15 and September 15; commencing on March 15, 2013
	500	September 15, 2042	Fixed 4.400%	March 15 and September 15; commencing on March 15, 2013
$	3,450