Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Feb. 28, 2015

Goodwill and Other Intangible Assets [Abstract]

Schedule of Goodwill

Changes in the carrying amount of goodwill by reportable segment consist of the following activity (in millions):

	Retail Pharmacy USA			Retail Pharmacy International			Pharmaceutical Wholesale			Total
August 31, 2014	$	2,359		$	-		$	-		$	2,359
Acquisitions		8,311			3,747			3,521			15,579
Sale of business(1)		(706	)		-			-			(706	)
Other(2)		(3	)		-			-			(3	)
Currency translation adjustments		-			(99	)		(86	)		(185	)
February 28, 2015	$	9,961		$	3,648		$	3,435		$	17,044

⁽¹⁾ Represents Walgreens Infusion and Respiratory Services goodwill that has been reclassified as an asset held for sale. See Note 22, Subsequent Events for further details.

⁽²⁾ Other primarily represents immaterial purchase accounting adjustments for the Company's acquisitions.

Schedule of Finite-Lived Intangible Assets by Major Class

The carrying amount and accumulated amortization of intangible assets consist of the following (in millions):

	February 28, 2015		August 31, 2014
Gross Amortizable Intangible Assets
Purchased prescription files	$	925	$	1,079
Favorable lease interests		427		382
Purchasing and payer contracts		95		301
Non-compete agreements		154		151
Trade names and trademarks		735		191
Customer relationships		1,724		-
Loyalty card holders		716		-
Other amortizable intangible assets		4		4
Total gross amortizable intangible assets		4,780		2,108
Accumulated amortization
Purchased prescription files		471		474
Favorable lease interests		187		174
Purchasing and payer contracts		61		145
Non-compete agreements		82		70
Trade names and trademarks		84		69
Customer relationships		46		-
Loyalty card holders		10		-
Other amortizable intangible assets		1		4
Total accumulated amortization		942		936
Total amortizable intangible assets, net	$	3,838	$	1,172
Indefinite Lived Intangible Assets
Trade names and trademarks	$	6,136	$	8
Pharmacy licenses		2,251		-
Total indefinite lived intangible assets	$	8,387	$	8
Total intangible assets, net	$	12,225	$	1,180

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Estimated annual amortization expense for intangible assets recorded at February 28, 2015 is as follows (in millions):

	2015		2016		2017		2018		2019
Estimated annual amortization expense:	$	426	$	465	$	424	$	388	$	366