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

9 Months Ended

May. 31, 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):

	May 31, 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
Unsecured variable rate notes due 2016		747		-
1.000% unsecured notes due 2015		-		750
Other(2)		443		16
Total short-term borrowings	$	1,192	$	774

⁽¹⁾ All notes are presented net of unamortized discount and debt issuance costs, 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 $46 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 May 31, 2015 spot rate of $1.53 to one British Pound Sterling.

⁽⁵⁾ Euro denominated notes are translated at the May 31, 2015 spot rate of $1.10 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 Pound Sterling variable rate term loan due 2019	$	2,212	$	-
1.800% unsecured notes due 2017		996		994
1.750% unsecured notes due 2017		746		-
5.250% unsecured notes due 2019(3)		1,020		1,007
2.700% unsecured notes due 2019		1,242		-
2.875% unsecured Pound Sterling notes due 2020(4)		607		-
3.300% unsecured notes due 2021		1,240		-
3.100% unsecured notes due 2022		1,192		1,192
3.800% unsecured notes due 2024		1,985		-
3.600% unsecured Pound Sterling notes due 2025(4)		455		-
2.125% unsecured Euro notes due 2026(5)		817		-
4.500% unsecured notes due 2034		494		-
4.400% unsecured notes due 2042		492		491
4.800% unsecured notes due 2044		1,491		-
Loans assumed through the purchase of land and buildings; various interest rates from 5.000% to 8.750%; various maturities from 2015 to 2035		33		40
Other(6)		35		-
		15,057		3,724
Less: current maturities		2		8
Total long-term debt	$	15,055	$	3,716

⁽¹⁾ All notes are presented net of unamortized discount and debt issuance costs, 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 $46 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 May 31, 2015 spot rate of $1.53 to one British Pound Sterling.

⁽⁵⁾ Euro denominated notes are translated at the May 31, 2015 spot rate of $1.10 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 May 31, 2015:

Notes Issued (in millions)		Maturity Date	Interest Rate	Interest Payment Dates
$	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
$	2,700