Goodwill and Other Intangible Assets (Tables)

9 Months Ended

May. 31, 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		8,588			3,918			3,460			15,966
Sale of business(1)		(706	)		-			-			(706	)
Other(2)		(3	)		-			-			(3	)
Currency translation adjustments		-			(116	)		(139	)		(255	)
May 31, 2015	$	10,238		$	3,802		$	3,321		$	17,361

⁽¹⁾ Represents goodwill associated with Walgreens Infusion Services business which was sold on April 7, 2015.

⁽²⁾ Other primarily represents immaterial purchase accounting adjustments for prior year Company 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):

	May 31, 2015		August 31, 2014
Gross Amortizable Intangible Assets
Purchased prescription files	$	866	$	1,079
Favorable lease interests		378		382
Purchasing and payer contracts		94		301
Non-compete agreements		151		151
Trade names and trademarks		453		191
Customer relationships		1,435		-
Loyalty card holders		735		-
Other amortizable intangible assets		55		4
Total gross amortizable intangible assets		4,167		2,108
Accumulated amortization
Purchased prescription files		436		474
Favorable lease interests		198		174
Purchasing and payer contracts		63		145
Non-compete agreements		83		70
Trade names and trademarks		63		69
Customer relationships		100		-
Loyalty card holders		26		-
Other amortizable intangible assets		2		4
Total accumulated amortization		971		936
Total amortizable intangible assets, net	$	3,196	$	1,172
Indefinite Lived Intangible Assets
Trade names and trademarks	$	5,509	$	8
Pharmacy licenses		2,524		-
Total indefinite lived intangible assets	$	8,033	$	8
Total intangible assets, net	$	11,229	$	1,180

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Estimated annual amortization expense for intangible assets recorded at May 31, 2015 is as follows (in millions):

	2015		2016		2017		2018		2019
Estimated annual amortization expense:	$	482	$	425	$	380	$	342	$	318