Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Feb. 29, 2016

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, 2015	$	8,940	$	3,898		$	3,534		$	16,372
Acquisitions		-		19			-			19
Other (1)		-		(3	)		13			10
Currency translation adjustments		-		(309	)		(296	)		(605	)
February 29, 2016	$	8,940	$	3,605		$	3,251		$	15,796

⁽¹⁾ Other 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):

	February 29, 2016		August 31, 2015
Gross Amortizable Intangible Assets
Customer relationships	$	1,293	$	1,409
Purchased prescription files		904		885
Loyalty card holders		661		730
Trade names and trademarks		678		675
Favorable lease interests		457		440
Non-compete agreements		158		154
Purchasing and payer contracts		95		94
Total gross amortizable intangible assets		4,246		4,387
Accumulated amortization
Customer relationships		182		132
Purchased prescription files		536		470
Loyalty card holders		41		41
Trade names and trademarks		114		83
Favorable lease interests		246		207
Non-compete agreements		106		92
Purchasing and payer contracts		68		65
Total accumulated amortization		1,293		1,090
Total amortizable intangible assets, net	$	2,953	$	3,297
Indefinite Lived Intangible Assets
Trade names and trademarks	$	5,947	$	6,590
Pharmacy licenses		2,222		2,464
Total indefinite lived intangible assets	$	8,169	$	9,054
Total intangible assets, net	$	11,122	$	12,351

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Estimated annual amortization expense for intangible assets recorded at February 29, 2016 is as follows (in millions):

	2016		2017		2018		2019		2020
Estimated annual amortization expense	$	401	$	358	$	318	$	289	$	254