Financial Instruments (Tables)

9 Months Ended

May. 31, 2015

Notional Amounts of Derivative Instruments Outstanding

The notional amounts, fair value and balance sheet presentation of derivative instruments outstanding as of May 31, 2015, excluding warrants which are presented separately in this footnote, were as follows (in millions):

	Notional⁽¹⁾		Fair Value		Location in Consolidated Condensed Balance Sheets
Derivatives designated as fair value hedges:
Interest rate swaps	$	1,000	$	29	Other non-current assets
Derivatives not designated as hedges:
Interest rate swaps		1,528		-	Other current assets
Interest rate caps		3,830		-	Other current assets
Foreign currency forwards		1,768		11	Other current assets
Foreign currency forwards		364		13	Other current liabilities
Basis swap		2		-	Other current assets

⁽¹⁾	Amounts are presented in U.S. dollar equivalents.

The notional amounts, fair value and balance sheet presentation of derivative instruments outstanding as of August 31, 2014, excluding warrants which are presented separately in this footnote, are as follows (in millions):

	Notional		Fair Value		Location in Consolidated Condensed Balance Sheets
Derivatives designated as fair value hedges:
Interest rate swaps	$	1,000	$	16	Other non-current assets
Derivatives designated as cash flow hedges:
Forward interest rate swaps		1,500		44	Other non-current liabilities

Schedule of Derivative Assets at Fair Value

The Company reports its warrants at fair value. The fair value and balance sheet presentation of warrants was as follows (in millions):

	Location in Consolidated Condensed Balance Sheets	May 31, 2015		August 31, 2014
Asset derivatives not designated as hedges:
Warrants	Other non-current assets	$	2,679	$	553

Designated as Hedging Instrument [Member]

Derivative [Line Items]

Gains and Losses due to Changes in Fair Value Recognized in Earnings

The gains and losses due to changes in fair value on the swaps and on the hedged notes attributable to interest rate risk were recognized as follows (in millions):

	Location in Consolidated Condensed Statements of Earnings	Three Months Ended May 31,						Nine Months Ended May 31,
		2015			2014			2015			2014
Interest rate swaps	Interest expense, net	$	7		$	7		$	13		$	26
Notes	Interest expense, net		(7	)		(8	)		(13	)		(25	)

Not Designated as Hedging Instrument [Member]

Derivative [Line Items]

Gains and Losses due to Changes in Fair Value Recognized in Earnings

These derivative instruments are economic hedges of interest rate and foreign currency risks. The gains and losses due to changes in fair value of these derivative instruments were recognized in earnings as follows (in millions):

	Location in Consolidated Condensed Statements of Earnings	Three Months Ended May 31, 2015		Nine Months Ended May 31, 2015
Interest rate swaps	Interest expense, net	$	-	$	1
Foreign currency forwards	Selling, general and administrative expense		49		38
Second Step Transaction foreign currency forwards	Other income		-		(166	)
Foreign currency forwards	Other income		7		17

Warrant [Member] | Not Designated as Hedging Instrument [Member]

Derivative [Line Items]

Gains and Losses due to Changes in Fair Value Recognized in Earnings

The gains and losses due to changes in fair value of the warrants recognized in earnings were as follows (in millions):

	Location in Consolidated Condensed Statements of Earnings	Three Months Ended May 31,				Nine Months Ended May 31,
		2015		2014		2015		2014
Warrants	Other income	$	449	$	119	$	1,298	$	275