Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Aug. 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, 2013	$	2,410		$	-		$	-		$	2,410
Acquisitions		58			-			-			58
Sale of business(1)		(92	)		-			-			(92	)
Other(3)		(17	)		-			-			(17	)
August 31, 2014		2,359			-			-			2,359
Acquisitions		7,290			4,036			3,646			14,972
Sale of business(2)		(706	)		-			-			(706	)
Other(3)		(3	)		-			-			(3	)
Currency translation adjustments		-			(138	)		(112	)		(250	)
August 31, 2015	$	8,940		$	3,898		$	3,534		$	16,372

⁽¹⁾ Represents goodwill associated with Walgreens Take Care Employer business which was sold in June 2014.

⁽²⁾ Represents goodwill associated with Walgreens Infusion Services business which was sold in April 2015.

⁽³⁾ 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):

	August 31, 2015		August 31, 2014
Gross Amortizable Intangible Assets
Purchased prescription files	$	885	$	1,079
Favorable lease interests		440		382
Purchasing and payer contracts		94		301
Non-compete agreements		154		151
Trade names and trademarks		675		191
Customer relationships		1,409		-
Loyalty card holders		730		-
Other amortizable intangible assets		-		4
Total gross amortizable intangible assets		4,387		2,108
Accumulated amortization
Purchased prescription files		470		474
Favorable lease interests		207		174
Purchasing and payer contracts		65		145
Non-compete agreements		92		70
Trade names and trademarks		83		69
Customer relationships		132		-
Loyalty card holders		41		-
Other amortizable intangible assets		-		4
Total accumulated amortization		1,090		936
Total amortizable intangible assets, net	$	3,297	$	1,172
Indefinite Lived Intangible Assets
Trade names and trademarks	$	6,590	$	8
Pharmacy licenses		2,464		-
Total indefinite lived intangible assets	$	9,054	$	8
Total intangible assets, net	$	12,351	$	1,180

Schedule of Finite-Lived Intangible Assets Period

The weighted-average amortization period by intangible asset category is as follows (in years):

Intangible asset class	2015		2014
Purchased prescription files		6		6
Favorable lease interests		13		11
Purchasing and payer contracts		10		13
Non-compete agreements		5		5
Trade names and trademarks		9		12
Customer relationships		12		-
Loyalty card holders		12		-
Other amortizable intangible assets		-		8

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

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

	2016		2017		2018		2019		2020
Estimated annual amortization expense	$	442	$	398	$	352	$	323	$	267