Financial Instruments (Tables)

3 Months Ended

Nov. 30, 2014

Notional Amounts of Derivative Instruments Outstanding

The notional amounts of derivative instruments designated as hedges outstanding as of November 30, 2014, August 31, 2014 and November 30, 2013 were as follows (In millions):

	November 30, 2014		August 31, 2014		November 30, 2013
Derivatives designated as fair value hedges:
Interest rate swaps	$	1,000	$	1,000	$	1,000
Derivatives designated as cash flow hedges:
Forward interest rate swaps		-		1,500		-

Fair Value and Balance Sheet Presentation of Derivative Instruments

The fair value and balance sheet presentation of derivative instruments at November 30, 2014, August 31, 2014 and November 30, 2013, were as follows (in millions):

	Location in Consolidated Condensed Balance Sheets	November 30, 2014			August 31, 2014			November 30, 2013
Asset derivatives designated as fair value hedges:
Interest rate swaps	Other non-current assets		$	26		$	16		$	23
Liability derivatives designated as cash flow hedges:
Forward interest rate swaps	Other non-current liabilities			-			44			-

Schedule of Derivative Assets at Fair Value

The fair value and balance sheet presentation of derivative instruments not designated as hedges at November 30, 2014, August 31, 2014 and November 30, 2013, were as follows (In millions):

	Location in Consolidated Condensed Balance Sheets	November 30, 2014			August 31, 2014			November 30, 2013
Asset derivatives not designated as hedges:
Warrants	Other non-current assets		$	844		$	553		$	408
Liability derivatives not designated as hedges:
Foreign currency forwards	Other current liabilities			96			-			-