Equity Method Investments (Tables)

12 Months Ended

Aug. 31, 2016

Equity Method Investments [Abstract]

Equity Method Investment

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

	2016					2015
	Carrying Value		Ownership Percentage			Carrying Value		Ownership Percentage
AmerisourceBergen	$	4,964		24	%	$	NA	NA
Others		1,210		12% - 50	%		1,242		12% - 50	%
Total	$	6,174				$	1,242

Summarized Financial Information of Equity Method Investees

Summarized financial information for the Company’s equity method investment in Alliance Boots is as follows:

Statements of Earnings (in millions)
	Year Ended August 31,
	2016	2015(1)		2014(l)
Net sales	NA	$	13,071	$	37,579
Gross Profit	NA		3,050		8,096
Net Earnings	NA		723		1,444
Share of earnings from equity method investments(1)	NA		315		617

^(l) Earnings in foreign equity method investments are translated at their respective average exchange rates.