Accumulated other comprehensive income (loss) (Tables)

6 Months Ended

Feb. 29, 2020

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Components of Accumulated Other Comprehensive Income (Loss)

The following is a summary of net changes in accumulated other comprehensive income (“AOCI”) by component and net of tax for the three and six months ended February 29, 2020 and February 28, 2019 (in millions):


	Pension/ post-retirement obligations		Unrealized gain (loss) on cash flow hedges		Net investment hedges		Share of OCI of equity method investments		Cumulative translation adjustments		Total
Balance at November 30, 2019	$	(55)	$	(24)	$	14	$	(5)	$	(3,242)	$	(3,313)
Other comprehensive income (loss) before reclassification adjustments	4		—		27		6		(121)		(84)
Amounts reclassified from AOCI	(3)		1		—		—		—		(2)
Tax benefit (provision)	(2)		—		(7)		(2)		3		(8)
Net change in other comprehensive income (loss)	(1)		1		21		4		(119)		(94)
Balance at February 29, 2020	$	(57)	$	(24)	$	34	$	(1)	$	(3,360)	$	(3,407)


	Pension/ post-retirement obligations		Unrealized gain (loss) on cash flow hedges		Net investment hedges		Share of OCI of equity method investments		Cumulative translation adjustments		Total
Balance at August 31, 2019	$	(48)	$	(24)	$	55	$	3	$	(3,884)	$	(3,897)
Other comprehensive income (loss) before reclassification adjustments	(8)		(1)		(28)		(5)		520		479
Amounts reclassified from AOCI	(1)		3				—		—		2
Tax benefit (provision)	(1)		(1)		7		—		3		9
Net change in other comprehensive income (loss)	(9)		1		(21)		(5)		524		490
Balance at February 29, 2020	$	(57)	$	(24)	$	34	$	(1)	$	(3,360)	$	(3,407)


	Pension/ post-retirement obligations		Unrealized gain (loss) on cash flow hedges¹		Net investment hedges¹		Share of AOCI of equity method investments		Cumulative translation adjustments		Total
Balance at November 30, 2018	$	97	$	(27)	$	—	$	4	$	(3,305)	$	(3,231)
Other comprehensive income (loss) before reclassification adjustments	—		(3)		(16)		(2)		537		516
Amounts reclassified from AOCI	(4)		2		—		—		—		(2)
Other	—		—		—		—		7		7
Tax benefit (provision)	2		—		4		—		(1)		5
Net change in other comprehensive income (loss)	(2)		(1)		(12)		(2)		543		526
Balance at February 28, 2019	$	95	$	(28)	$	(12)	$	2	$	(2,762)	$	(2,705)


	Pension/ post-retirement obligations		Unrealized gain (loss) on cash flow hedges¹		Net investment hedges¹		Share of AOCI of equity method investments		Cumulative translation adjustments		Total
Balance at August 31, 2018	$	101	$	(30)	$	—	$	3	$	(3,076)	$	(3,002)
Other comprehensive income (loss) before reclassification adjustments	—		—		(16)		(1)		309		292
Amounts reclassified from AOCI	(8)		3		—		—		—		(5)
Other	—		—		—		—		7		7
Tax benefit (provision)	2		(1)		4		—		(2)		3
Net change in other comprehensive income (loss)	(6)		2		(12)		(1)		314		297
Balance at February 28, 2019	$	95	$	(28)	$	(12)	$	2	$	(2,762)	$	(2,705)

¹Previously disclosed as Unrealized gain (loss) on hedges.