Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Aug. 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			Walgreens Boots Alliance, Inc.
August 31, 2014	$	2,359		$	-		$	-		$	2,359
Acquisitions		7,290			4,036			3,646			14,972
Sale of business(1)		(706	)		-			-			(706	)
Other(2)		(3	)		-			-			(3	)
Currency translation adjustments		-			(138	)		(112	)		(250	)
August 31, 2015	$	8,940		$	3,898		$	3,534		$	16,372
Acquisitions		-			23			-			23
Sale of business		(4	)		-			-			(4	)
Other(2)		100			(113	)		13			-
Currency translation adjustments		-			(439	)		(425	)		(864	)
August 31, 2016	$	9,036		$	3,369		$	3,122		$	15,527

⁽¹⁾ Represents goodwill associated with Walgreens Infusion Services business which was sold in April 2015.

⁽²⁾ Other primarily represents the reallocation of goodwill between reporting units and purchase accounting adjustments for prior year 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):

	August 31, 2016		August 31, 2015
Gross Amortizable Intangible Assets
Customer relationships and loyalty card holders	$	1,867	$	2,139
Purchased prescription files		932		885
Favorable lease interests and non-compete agreements		619		594
Trade names and trademarks		532		675
Purchasing and payer contracts		94		94
Total gross amortizable intangible assets		4,044		4,387
Accumulated amortization
Customer relationships and loyalty card holders	$	275	$	173
Purchased prescription files		600		470
Favorable lease interests and non-compete agreements		388		299
Trade names and trademarks		105		83
Purchasing and payer contracts		71		65
Total accumulated amortization		1,439		1,090
Total amortizable intangible assets, net	$	2,605	$	3,297
Indefinite-Lived Intangible Assets
Trade names and trademarks	$	5,604	$	6,590
Pharmacy licenses		2,093		2,464
Total Indefinite-Lived intangible assets	$	7,697	$	9,054
Total intangible assets, net	$	10,302	$	12,351

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

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

	2017		2018		2019		2020		2021
Estimated annual amortization expense	$	357	$	319	$	293	$	243	$	199