New accounting pronouncements New accounting pronouncements (Tables)

9 Months Ended

May 31, 2020

Accounting Standards Update and Change in Accounting Principle [Abstract]

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

The impact to the Company's opening Consolidated Condensed Balance Sheets as of September 1, 2019 was as follows (in millions):

	As reported August 31, 2019		Adjustments		As revised September 1, 2019
Consolidated Condensed Balance Sheets
Other current assets	$	1,118	$	(123)	$	995
Total current assets	18,700		(123)		18,577
Property, plant and equipment, net	13,478		267		13,745
Operating lease right-of-use assets	—		21,600		21,600
Intangible assets, net	10,876		(220)		10,656
Total assets	67,598		21,524		89,122
Operating lease obligation - current	—		2,267		2,267
Accrued expenses and other liabilities	5,474		(538)		4,936
Total current liabilities	25,769		1,729		27,498
Operating lease obligation - non-current	—		21,858		21,858
Deferred income taxes	1,785		(142)		1,643
Other non-current liabilities	4,795		(1,479)		3,316
Total non-current liabilities	17,678		20,237		37,915
Retained earnings	35,815		(442)		35,373
Total liabilities and equity	$	67,598	$	21,524	$	89,122