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Accumulated other comprehensive income (loss) (Tables)
9 Months Ended
May 31, 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 nine months ended May 31, 2020 and May 31, 2019 (in millions):

 Pension/ post-retirement obligationsUnrealized gain (loss) on cash flow hedgesNet investment hedgesShare of OCI of equity method investmentsCumulative translation adjustmentsTotal
Balance at February 29, 2020$(57) $(24) $34  $(1) $(3,360) $(3,407) 
Other comprehensive income (loss) before reclassification adjustments(4) (8) 59  (18) (482) (453) 
Amounts reclassified from AOCI(3)  —  —  —  (1) 
Tax benefit (provision)
  (13)  (5) (9) 
Net change in other comprehensive income (loss)(2) (5) 46  (15) (487) (463) 
Balance at May 31, 2020$(59) $(29) $80  $(16) $(3,847) $(3,871) 


 Pension/ post-retirement obligationsUnrealized gain (loss) on cash flow hedgesNet investment hedgesShare of OCI of equity method investmentsCumulative translation adjustmentsTotal
Balance at August 31, 2019$(48) $(24) $55  $ $(3,884) $(3,897) 
Other comprehensive income (loss) before reclassification adjustments(12) (9) 31  (23) 39  26  
Amounts reclassified from AOCI(3)  —  —  —   
Tax benefit (provision)
  (6)  (2) —  
Net change in other comprehensive income (loss)(11) (4) 25  (20) 37  27  
Balance at May 31, 2020$(59) $(29) $80  $(16) $(3,847) $(3,871) 


 Pension/ post-retirement obligations
Unrealized gain (loss) on cash flow hedges1
Net investment hedges1
Share of AOCI of equity method investmentsCumulative translation adjustmentsTotal
Balance at February 28, 2019$95  $(28) $(12) $ $(2,762) $(2,705) 
Other comprehensive income (loss) before reclassification adjustments  54   (733) (675) 
Amounts reclassified from AOCI(4)  —  —  —  (2) 
Tax benefit (provision)
 (1) (13) —   (12) 
Net change in other comprehensive income (loss)(2)  41   (732) (689) 
Balance at May 31, 2019$93  $(25) $29  $ $(3,493) $(3,393) 
 Pension/ post-retirement obligations
Unrealized gain (loss) on cash flow hedges1
Net investment hedges1
Share of AOCI of equity method investmentsCumulative translation adjustmentsTotal
Balance at August 31, 2018$101  $(30) $—  $ $(3,076) $(3,002) 
Other comprehensive income (loss) before reclassification adjustments  39  (1) (415) (376) 
Amounts reclassified from AOCI(12)  —  —  —  (8) 
Tax benefit (provision)
 —  (10) —  (1) (8) 
Net change in other comprehensive income (loss)(8)  29  (1) (416) (393) 
Balance at May 31, 2019$93  $(25) $29  $ $(3,493) $(3,393) 

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