Equity method investments (Tables)

12 Months Ended

Aug. 31, 2020

Equity Method Investments and Joint Ventures [Abstract]

Equity method investment

Equity method investments as of August 31, 2020 and 2019 were as follows (in millions, except percentages):

	2020			2019
	Carrying value		Ownership percentage	Carrying value		Ownership percentage
AmerisourceBergen	$	5,446	28%	$	5,211	27%
Others	1,892		8% - 50%	1,640		8% - 50%
Total	$	7,338		$	6,851

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,
	2020		2019
Current assets	$	40,038	$	36,523
Non-current assets	18,313		15,710
Current liabilities	38,779		35,857
Non-current liabilities	10,628		9,633
Shareholders’ equity1	8,944		6,743

Statements of earnings (in millions)

	Year ended August 31,
	2020		2019		2018
Sales	$	210,306	$	197,237	$	179,887
Gross profit	8,896		7,516		6,875
Net earnings	1,647		1,037		1,315
Share of earnings from equity method investments	382		187		245

¹Shareholders’ equity at August 31, 2020 and 2019 includes $387 million and $411 million, respectively, related to noncontrolling interests.