Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Nov. 30, 2015

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			Total
August 31, 2015	$	8,940	$	3,898		$	3,534		$	16,372
Acquisitions		—		24			—			24
Other(1)		—		(3	)		—			(3	)
Currency translation adjustments		—		(100	)		(98	)		(198	)
November 30, 2015	$	8,940	$	3,819		$	3,436		$	16,195

⁽¹⁾ Other primarily represents immaterial purchase accounting adjustment for prior year company 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):

	November 30, 2015		August 31, 2015
Gross Amortizable Intangible Assets
Customer relationships	$	1,344	$	1,409
Purchased prescription files		899		885
Loyalty card holders		718		730
Trade names and trademarks		783		675
Favorable lease interests		459		440
Non-compete agreements		157		154
Purchasing and payer contracts		94		94
Total gross amortizable intangible assets		4,454		4,387
Accumulated amortization
Customer relationships		157		132
Purchased prescription files		505		470
Loyalty card holders		34		41
Trade names and trademarks		97		83
Favorable lease interests		225		207
Non-compete agreements		100		92
Purchasing and payer contracts		67		65
Total accumulated amortization		1,185		1,090
Total amortizable intangible assets, net	$	3,269	$	3,297
Indefinite Lived Intangible Assets
Trade names and trademarks	$	6,363	$	6,590
Pharmacy licenses		2,408		2,464
Total indefinite lived intangible assets	$	8,771	$	9,054
Total intangible assets, net	$	12,040	$	12,351

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Estimated annual amortization expense for intangible assets recorded at November 30, 2015 is as follows (in millions):

	2016		2017		2018		2019		2020
Estimated annual amortization expense	$	408	$	364	$	318	$	291	$	237