Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Nov. 30, 2016

Goodwill and Other Intangible Assets [Abstract]

Schedule of Goodwill

Changes in the carrying amount of goodwill by reportable segment consist of the following (in millions):

	Retail Pharmacy USA		Retail Pharmacy International			Pharmaceutical Wholesale			Walgreens Boots Alliance, Inc.
August 31, 2016	$	9,036	$	3,369		$	3,122		$	15,527
Currency translation adjustments		-		(160	)		(164	)		(324	)
November 30, 2016	$	9,036	$	3,209		$	2,958		$	15,203

Schedule of Finite-Lived Intangible Assets by Major Class

The carrying amount and accumulated amortization of intangible assets consist of the following (in millions):

	November 30, 2016		August 31, 2016
Gross Amortizable Intangible Assets
Customer relationships and loyalty card holders	$	1,765	$	1,867
Purchased prescription files		939		932
Favorable lease interests and non-compete agreements		572		619
Trade names and trademarks		508		532
Purchasing and payer contracts		94		94
Total gross amortizable intangible assets		3,878		4,044
Accumulated amortization
Customer relationships and loyalty card holders	$	295	$	275
Purchased prescription files		625		600
Favorable lease interests and non-compete agreements		358		388
Trade names and trademarks		115		105
Purchasing and payer contracts		72		71
Total accumulated amortization		1,465		1,439
Total amortizable intangible assets, net	$	2,413	$	2,605
Indefinite lived Intangible Assets
Trade names and trademarks	$	5,326	$	5,604
Pharmacy licenses		1,989		2,093
Total indefinite lived intangible assets	$	7,315	$	7,697
Total intangible assets, net	$	9,728	$	10,302

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Estimated annual amortization expense for intangible assets recorded at November 30, 2016 is as follows (in millions):

	2017		2018		2019		2020		2021
Estimated annual amortization expense	$	346	$	311	$	285	$	225	$	186