Equity Method Investments (Tables)

6 Months Ended

Feb. 29, 2016

Equity method investments as of February 29, 2016 and August 31, 2015 were as follows (in millions, except percentages):

Summarized financial information for the Company’s equity method investments is as follows:

Balance Sheets (in millions)

Statements of Earnings (in millions)

	Three Months Ended				Six Months Ended
	February 29, 2016⁽³⁾		February 28, 2015⁽³⁾⁽⁴⁾		February 29, 2016⁽³⁾		February 28, 2015⁽³⁾⁽⁴⁾

Net sales	$	3,286	$	5,317	$	6,489	$	14,978
Gross Profit		374		979		702		3,168
Net Income		26		246		50		743
Share of income from equity method investments		9		109		20		323

⁽¹⁾	Balance sheet information of foreign equity method investments are translated at their respective February 29, 2016 and August 31, 2015 spot rates.

⁽²⁾	Shareholders’ equity at February 29, 2016 and August 31, 2015 includes $170 million and $163 million, respectively, related to noncontrolling interests.

⁽³⁾	Statement of earnings information of foreign equity method investments are translated at their respective average exchange rates.

⁽⁴⁾	Includes equity method investment in Alliance Boots from Walgreen Co.’s pre-merger 45 percent interest for one month (December 2014) and four months (September through December 2014), respectively. See Note 1, Organization.