Short-Term Borrowings and Long-Term Debt (Tables)

9 Months Ended

May 31, 2016

Short-Term Borrowings and Long-Term Debt [Abstract]

Short-Term Borrowings

Short-term borrowings and long-term debt consist of the following (all amounts are presented in millions of U.S. dollars and debt issuances are denominated in U.S. dollars, unless otherwise noted):

	May 31, 2016		August 31, 2015
Short-Term Borrowings(1)
Unsecured variable rate notes due 2016	$	-	$	747
Other(2)		374		321
Total short-term borrowings	$	374	$	1,068

Long-Term Debt

Long-Term Debt(1)
Unsecured Pound Sterling variable rate term loan due 2019(3)	$	2,121	$	2,229
1.750% unsecured notes due 2017		747		746
5.250% unsecured notes due 2019(4)		252		250
2.700% unsecured notes due 2019		1,244		1,243
2.875% unsecured Pound Sterling notes due 2020(3)		582		612
3.300% unsecured notes due 2021		1,242		1,241
3.100% unsecured notes due 2022		1,193		1,193
3.800% unsecured notes due 2024		1,986		1,985
3.600% unsecured Pound Sterling notes due 2025(3)		437		459
2.125% unsecured Euro notes due 2026(5)		832		836
4.500% unsecured notes due 2034		494		494
4.400% unsecured notes due 2042		492		492
4.800% unsecured notes due 2044		1,486		1,491
Other(6)		43		44
Total long-term debt	$	13,151	$	13,315

⁽¹⁾ All notes are presented net of unamortized discount and debt issuance costs, where applicable.

⁽²⁾ Other short-term borrowings represent a mix of fixed and variable rate borrowings with various maturities and working capital facilities denominated in various foreign currencies including bank overdrafts.

⁽³⁾ Pound Sterling denominated notes are translated at the spot rates of $1.46 and $1.54 to one British Pound Sterling at May 31, 2016 and August 31, 2015, respectively.

⁽⁴⁾ Also includes interest rate swap fair market value adjustments. See Note 11, Fair Value Measurements for additional fair value disclosures.

⁽⁵⁾ Euro denominated notes are translated at the spot rate of $1.12 to one Euro at May 31, 2016 and August 31, 2015.

⁽⁶⁾ Other long-term debt represents a mix of fixed and variable rate borrowings in various foreign currencies with various maturities.

Total $8.0 Billion Debt Issuance [Member]

Debt Instrument [Line Items]

Details of Each Tranche of Notes Issued

The following table summarizes each tranche of outstanding notes as of May 31, 2016:

Notes Issued (in millions)		Maturity Date	Interest Rate	Interest Payment Dates
$	750	November 17, 2017	Fixed 1.750%	May 17 and November 17; commencing on May 17, 2015
	1,250	November 18, 2019	Fixed 2.700%	May 18 and November 18; commencing on May 18, 2015
	1,250	November 18, 2021	Fixed 3.300%	May 18 and November 18; commencing on May 18, 2015
	2,000	November 18, 2024	Fixed 3.800%	May 18 and November 18; commencing on May 18, 2015
	500	November 18, 2034	Fixed 4.500%	May 18 and November 18; commencing on May 18, 2015
	1,500	November 18, 2044	Fixed 4.800%	May 18 and November 18; commencing on May 18, 2015
$	7,250

Euro and Pound Sterling Notes [Member]

Debt Instrument [Line Items]

Details of Each Tranche of Notes Issued

The following table details each tranche of Euro and Pound Sterling outstanding notes as of May 31, 2016:

Notes Issued (in millions)		Maturity Date	Interest Rate
Euro Notes:
€	750	November 20, 2026	Fixed 2.125%
Pound Sterling Notes:
£	400	November 20, 2020	Fixed 2.875%
	300	November 20, 2025	Fixed 3.600%
£	700

Total $4.0 Billion Debt Issuance [Member]

Debt Instrument [Line Items]

Details of Each Tranche of Notes Issued

The following table details each tranche of outstanding notes as of May 31, 2016:

Notes Issued (in millions)		Maturity Date	Interest Rate	Interest Payment Dates
$	1,200	September 15, 2022	Fixed 3.100%	March 15 and September 15; commencing on March 15, 2013
	500	September 15, 2042	Fixed 4.400%	March 15 and September 15; commencing on March 15, 2013
$	1,700