New accounting pronouncements (Tables)

6 Months Ended

Feb. 28, 2019

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 six months ended February 28, 2018 as a result of adopting this new accounting guidance (in millions):

	As reported			Adjustments		As revised
Six months ended February 28, 2018
Trade accounts payable	$	592		$	7	$	599
Accrued expenses and other liabilities	182			6		188
Other non-current assets and liabilities	(72		)	20		(52		)
Net cash provided by operating activities	3,176			32		3,208
Effect of exchange rate changes on cash, cash equivalents and restricted cash	44			12		56
Net increase (decrease) in cash, cash equivalents and restricted cash	(1,552		)	44		(1,508		)
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	$	1,749		$	239	$	1,988

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 February 28, 2018
Selling, general and administrative expenses	$	6,318	$	3		$	6,321
Operating income	1,980		(3		)	1,977
Other income (expense)	9		3			12

	As reported			Adjustments			As revised
Six months ended February 28, 2018
Selling, general and administrative expenses	$	12,225		$	6		$	12,231
Operating income	3,302			(6		)	3,296
Other income (expense)	(128		)	6			(122		)