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Financial Instruments (Tables)
9 Months Ended
May 31, 2016
Financial Instruments [Abstract]  
Notional Amounts of Derivative Instruments Outstanding
The notional amounts, fair value and balance sheet presentation of derivative instruments outstanding as of May 31, 2016, excluding warrants which are presented separately in this footnote, were as follows (in millions):

  
Notional(1)
  
Fair Value
 
Location in Consolidated
Condensed Balance Sheets
Derivatives designated as fair value hedges:
         
Interest rate swaps
 
$
250
  
$
4
 
Other non-current assets
Derivatives not designated as hedges:
           
Foreign currency forwards
  
1,082
   
17
 
Other current assets
Basis swap
  
2
   
1
 
Other current liabilities

(1)Amounts are presented in U.S. dollar equivalents.

The notional amounts, fair value and balance sheet presentation of derivative instruments outstanding as of August 31, 2015, excluding warrants which are presented separately in this footnote, are as follows (in millions):

  
Notional(1)
  
Fair Value
 
Location in Consolidated
Condensed Balance Sheets
Derivatives designated as fair value hedges:
         
Interest rate swaps
 
$
250
  
$
2
 
Other non-current assets
Derivatives not designated as hedges:
           
Foreign currency forwards
  
1,205
   
34
 
Other current assets
Foreign currency forwards
  
495
   
9
 
Other current liabilities
Basis swap
  
1
   
-
 
Other current assets
 
(1)Amounts are presented in U.S. dollar equivalents.
Schedule of Derivative Assets at Fair Value
The Company reports the warrants at fair value. The fair value and balance sheet presentation of the warrants was as follows (in millions):

Location in Consolidated
 Condensed Balance Sheets
 
May 31,
2016
  
August 31,
2015
 
Asset derivatives not designated as hedges:
       
Warrants
Other non-current assets
 
$
498
  
$
2,140
 
Designated as Hedging Instrument [Member]  
Derivative [Line Items]  
Gains and Losses due to Changes in Fair Value Recognized in Earnings
The gains and losses due to changes in fair value on the swaps and on the hedged notes attributable to interest rate risk were recognized as follows (in millions):

    
Three Months Ended
  
Nine Months Ended
 
Location in Consolidated
Condensed Statements of
Earnings
 
May 31,
2016
  
May 31,
2015
  
May 31,
2016
  
May 31,
2015
 
Interest rate swaps
Interest expense, net
 
$
1
  
$
7
  
$
(2
)
 
$
(13
)
Notes
Interest expense, net
  
(2
)
  
(7
)
  
1
   
13
 
Not Designated as Hedging Instrument [Member]  
Derivative [Line Items]  
Gains and Losses due to Changes in Fair Value Recognized in Earnings
The gains and losses due to changes in fair value of these derivative instruments were recognized in earnings as follows (in millions):

   
Three Months Ended
  
Nine Months Ended
 
Location in Consolidated
Condensed Statements of
Earnings
 
May 31, 2016
  
May 31, 2015
  
May 31, 2016
  
May 31, 2015
 
Interest rate swaps
Interest expense, net
 
$
-
  
$
-
  
$
-
  
$
1
 
Foreign currency forwards
Selling, general and administrative expenses
  
24
   
49
   
(1)
   
38
 
Second Step Transaction foreign currency forwards
Other income (expense)
  
-
   
-
   
-
   
(166
)
Foreign currency forwards
Other income (expense)
  
4
   
7
   
37
   
17
 
 
Warrant [Member] | Designated as Hedging Instrument [Member]  
Derivative [Line Items]  
Gains and Losses due to Changes in Fair Value Recognized in Earnings
The gains and losses due to changes in fair value of the warrants recognized in earnings were as follows (in millions):

    
Three Months Ended
  
Nine Months Ended
 
Location in Consolidated
Condensed Statements of Earnings
 
May 31, 2016
  
May 31, 2015
  
May 31, 2016
  
May 31, 2015
 
Warrants
Other income (expense)
 
$
(268
)
 
$
449
  
$
(862
)
 
$
1,298