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

6 Months Ended

Feb. 28, 2015

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):

	February 28, 2015		August 31, 2014
Short-Term Borrowings(1)
Current portion 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	$	2	$	8
1.000% unsecured notes due 2015		750		750
Other(2)		309		16
Total short-term borrowings	$	1,061	$	774

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

⁽²⁾ Other short-term borrowings represent a mix of fixed and variable rate borrowings with various maturities and working capital facilities denominated in various foreign currencies including $29 million of U.S. dollar equivalent bank overdrafts.

⁽³⁾ Also includes interest rate swap fair market value adjustments, see Note 11, Fair Value Measurements for additional fair value disclosures.

⁽⁴⁾ Pound Sterling denominated notes are translated at the February 28, 2015 spot rate of $1.54 to one British Pound Sterling.

⁽⁵⁾ Euro denominated notes are translated at the February 28, 2015 spot rate of $1.12 to one Euro.

⁽⁶⁾ Other long-term debt represents a mix of fixed and variable rate borrowings in various foreign currencies with various maturities.

Long-Term Debt

Long-Term Debt(1)
Unsecured variable rate notes due 2016	$	750	$	-
Unsecured Pound Sterling variable rate term loan due 2019		2,235		-
1.800% unsecured notes due 2017		999		999
1.750% unsecured notes due 2017		749		-
5.250% unsecured notes due 2019(3)		1,016		1,010
2.700% unsecured notes due 2019		1,248		-
2.875% unsecured Pound Sterling notes due 2020(4)		615		-
3.300% unsecured notes due 2021		1,247		-
3.100% unsecured notes due 2022		1,199		1,199
3.800% unsecured notes due 2024		1,995		-
3.600% unsecured Pound Sterling notes due 2025(4)		462		-
2.125% unsecured Euro notes due 2026(5)		837		-
4.500% unsecured notes due 2034		497		-
4.400% unsecured notes due 2042		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		41		40
Other(6)		117		-
		16,003		3,744
Less: current maturities		2		8
Total long-term debt	$	16,001	$	3,736

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

⁽²⁾ Other short-term borrowings represent a mix of fixed and variable rate borrowings with various maturities and working capital facilities denominated in various foreign currencies including $29 million of U.S. dollar equivalent bank overdrafts.

⁽³⁾ Also includes interest rate swap fair market value adjustments, see Note 11, Fair Value Measurements for additional fair value disclosures.

⁽⁴⁾ Pound Sterling denominated notes are translated at the February 28, 2015 spot rate of $1.54 to one British Pound Sterling.

⁽⁵⁾ Euro denominated notes are translated at the February 28, 2015 spot rate of $1.12 to one Euro.

⁽⁶⁾ Other long-term debt represents a mix of fixed and variable rate borrowings in various foreign currencies with various maturities.

Total $8.0 billion debt issuance [Member]

Debt Instrument [Line Items]

Details of each tranche of notes issued

The following table summarizes 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

The following table details each tranche of outstanding notes as of February 28, 2015:

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