Accumulated other comprehensive income (loss)

12 Months Ended

Aug. 31, 2021

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

Accumulated other comprehensive income (loss)

Accumulated other comprehensive income (loss)

The following is a summary of net changes in accumulated other comprehensive income by component and net of tax for fiscal 2021, 2020 and 2019 (in millions):

	Pension/post-retirement obligations		Unrealized gain (loss) on cash flow hedges		Net investment hedges			Unrealized gain (loss) on available for sale securities			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	(162)		1		73			—			(1)		(801)		(889)
Amounts reclassified from AOCI	(17)		5		—			—			—		—		(12)
Tax benefit (provision)	30		(1)		(18)			—			—		(6)		5
Net change in other comprehensive income (loss)	(149)		5		55			—			(1)		(807)		(896)
Balance at August 31, 2019	$	(48)	$	(24)	$	55		$	—		$	3	$	(3,884)	$	(3,897)
Other comprehensive income (loss) before reclassification adjustments	(861)		(12)		(113)			—			(16)		934		(69)
Amounts reclassified from AOCI	(8)		5		—			—			—		3		—
Tax benefit (provision)	169		1		23			—			3		(1)		195
Net change in other comprehensive income (loss)	(700)		(6)		(90)			—			(13)		936		126
Balance at August 31, 2020	$	(748)	$	(31)	$	(34)		$	—		$	(10)	$	(2,948)	$	(3,771)
Other comprehensive income (loss) before reclassification adjustments	532		10		(6)			127			(24)		384		1,022
Amounts reclassified from AOCI	(8)		17		—			—			—		(3)		6
Business disposal	(4)		—		—		0	—		0	—		795		792
Tax benefit (provision)	(132)		(6)		6			(31)			6		—		(157)
Net change in other comprehensive income (loss)	389		21		(1)			96			(18)		1,176		1,663
Balance at August 31, 2021	$	(359)	$	(10)	$	(35)		$	96		$	(29)	$	(1,772)	$	(2,109)