Acquisitions (Tables)

12 Months Ended

Aug. 31, 2021

Business Combination and Asset Acquisition [Abstract]

Schedule of identifiable assets acquired and liabilities assumed

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

Purchase Price Allocation:
Total Consideration	$	477
Identifiable assets acquired and liabilities assumed
Tangible assets	$	58
Developed technology and other intangibles	202
Liabilities	(74)
Total identifiable net assets	$	186
Non-controlling interest	103
Goodwill	$	394

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

Purchase Price Allocation:
Total Consideration	$	331
Identifiable assets acquired and liabilities assumed
Accounts receivable, cash and other assets	$	582
Inventories	470
Property, plant and equipment	125
Short term debt	(296)
Trade accounts payable, accrued expenses and other liabilities	(374)
Other noncurrent liabilities	(197)
Total identifiable net assets	$	311
Goodwill	$	21

Schedule of pro forma information and actual sales

The pro forma information has been prepared for comparative purposes only and is not intended to be indicative of what the Company's results would have been had the acquisition occurred at the beginning of the periods presented or results which may occur in the future.

	Twelve months ended August 31,
(in millions)	2021		2020
Sales	$	133,553	$	127,817

Actual sales for the twelve months ended August 31, 2021 included in the Consolidated Statement of Earnings are as follows:    

(in millions)	2021
Sales	$	5,099