Goodwill and Other Intangible Assets (Tables)

9 Months Ended

May 31, 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		-			21			-			21
Other (1)		(4	)		(5	)		13			4
Currency translation adjustments		-			(151	)		(144	)		(295	)
May 31, 2016	$	8,936		$	3,763		$	3,403		$	16,102

⁽¹⁾ 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):

	May 31, 2016		August 31, 2015
Gross Amortizable Intangible Assets
Customer relationships	$	1,368	$	1,409
Purchased prescription files		925		885
Trade names and trademarks		681		675
Loyalty card holders		661		730
Favorable lease interests		456		440
Non-compete agreements		161		154
Purchasing and payer contracts		94		94
Total gross amortizable intangible assets		4,346		4,387
Accumulated amortization
Customer relationships		223		132
Purchased prescription files		569		470
Trade names and trademarks		129		83
Loyalty card holders		41		41
Favorable lease interests		258		207
Non-compete agreements		113		92
Purchasing and payer contracts		70		65
Total accumulated amortization		1,403		1,090
Total amortizable intangible assets, net	$	2,943	$	3,297
Indefinite Lived Intangible Assets
Trade names and trademarks	$	6,271	$	6,590
Pharmacy licenses		2,342		2,464
Total indefinite lived intangible assets	$	8,613	$	9,054
Total intangible assets, net	$	11,556	$	12,351

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Estimated annual amortization expense for intangible assets recorded at May 31, 2016 is as follows (in millions):

	2016		2017		2018		2019		2020
Estimated annual amortization expense	$	426	$	381	$	338	$	301	$	254