Acquisitions (Tables)

3 Months Ended

Nov. 30, 2020

Business Combinations [Abstract]

Schedule of Identifiable Assets Acquired and Liabilities Assumed

The following table summarizes the consideration for the acquisition and the preliminary amounts of identified assets acquired and liabilities assumed at the date of the transaction (in millions):

Purchase Price Allocation:
Total Consideration	$	313
Identifiable assets acquired and liabilities assumed
Accounts receivable, cash and other assets	563
Inventories	470
Property, plant and equipment	125
Short term debt	(295)
Trade accounts payable, accrued expenses and other liabilities	(356)
Other noncurrent liabilities	(197)
Total identifiable net assets	310
Goodwill	$	3