New accounting pronouncements (Tables)

9 Months Ended

May 31, 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 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 May 31, 2018
Selling, general and administrative expenses	$	6,231		$	4		$	6,235
Operating income	1,601			(4		)	1,597
Other income (expense)	(4		)	4			—

	As reported			Adjustments			As revised
Nine months ended May 31, 2018
Selling, general and administrative expenses	$	18,456		$	10		$	18,466
Operating income	4,903			(10		)	4,893
Other income (expense)	(132		)	10			(122		)

The following is a reconciliation of the effect on the relevant line items on the Consolidated Condensed Statements of Cash Flows for the nine months ended May 31, 2018 as a result of adopting this new accounting guidance (in millions):

	As reported			Adjustments		As revised
Nine months ended May 31, 2018
Trade accounts payable	$	627		$	48	$	675
Accrued expenses and other liabilities	10			6		16
Other non-current assets and liabilities	(117		)	7		(110		)
Net cash provided by operating activities	5,385			61		5,446
Effect of exchange rate changes on cash, cash equivalents and restricted cash	26			1		27
Net increase (decrease) in cash, cash equivalents and restricted cash	(1,483		)	61		(1,422		)
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	$	1,818		$	256	$	2,074