Equity method investments (Tables)

12 Months Ended

Aug. 31, 2019

Equity Method Investments and Joint Ventures [Abstract]

Equity method investment

Equity method investments as of August 31, 2019 and 2018 were as follows (in millions, except percentages):

	2019			2018
	Carrying value		Ownership percentage	Carrying value		Ownership percentage
AmerisourceBergen	$	5,211	27%	$	5,138	26%
Others	1,640		8% - 50%	1,472		8% - 50%
Total	$	6,851		$	6,610

Summarized financial information of equity method investees

Summarized financial information for the Company’s equity method investments in aggregate is as follows:

Balance sheet (in millions)

	Year ended August 31,
	2019		2018
Current assets	$	36,523	$	34,493
Non-current assets	15,710		14,971
Current liabilities	35,857		34,055
Non-current liabilities	9,633		8,759
Shareholders’ equity1	6,743		6,650

Statements of earnings (in millions)

	Year ended August 31,
	2019		2018		2017
Sales	$	197,237	$	179,887	$	164,844
Gross profit	7,516		6,875		5,958
Net earnings	1,037		1,315		1,040
Share of earnings from equity method investments	187		245		143

¹  Shareholders’ equity at August 31, 2019 and 2018 includes$411 million and $445 million, respectively, related to noncontrolling interests.