New accounting pronouncements New accounting pronouncements (Tables)

3 Months Ended

Nov. 30, 2018

New Accounting Pronouncements and Changes in Accounting Principles [Abstract]

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

The following is a reconciliation of the effect on the relevant line items on the Consolidated Condensed Statements of Cash Flows for the three months ended November 30, 2017 as a result of adopting this new accounting guidance:

	As reported			Adjustments		As revised
Three months ended November 30, 2017
Trade accounts payable	$	1,011		$	32	$	1,043
Accrued expenses and other liabilities	(222		)	6		(216		)
Other non-current assets and liabilities	9			4		13
Net cash provided by operating activities	961			42		1,003
Effect of exchange rate changes on cash, cash equivalents and restricted cash	24			5		29
Net increase (decrease) in cash, cash equivalents and restricted cash	(1,471		)	47		(1,424		)
Cash, cash equivalents and restricted cash at beginning of period	3,301			195		3,496
Cash, cash equivalents and restricted cash at end of period	$	1,830		$	242	$	2,072

The following is a reconciliation of the effect of the reclassification of all other net cost components (excluding service cost component) of net pension cost and net postretirement benefit cost from selling, general and administrative expenses to other income (expense) in the Company’s Consolidated Condensed Statements of Earnings, in millions:

	As reported			Adjustments			As revised
Three months ended November 30, 2017
Selling, general and administrative expenses	$	5,907		$	3		$	5,910
Operating income	1,322			(3		)	1,319
Other income (expense)	(137		)	3			(134		)