Equity method investments (Tables)

12 Months Ended

Aug. 31, 2021

Equity Method Investments and Joint Ventures [Abstract]

Equity method investment

Equity method investments as of August 31, 2021 and 2020 were as follows (in millions, except percentages):

	2021			2020
	Carrying value		Ownership percentage	Carrying value		Ownership percentage
AmerisourceBergen	$	4,407	28%	$	5,446	28%
Others	2,580		8% - 50%	1,758		8% - 50%
Total	$	6,987		$	7,204

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,
	2021		2020
Current assets	$	49,538	$	39,167
Non-current assets	27,442		18,138
Current liabilities	48,766		38,034
Non-current liabilities	22,046		10,600
Shareholders’ equity1	6,168		8,671

1Shareholders’ equity at August 31, 2021 and 2020 includes $646 million and $387 million, respectively, related to noncontrolling interests.

Statements of earnings (in millions)

	Year ended August 31,
	2021		2020		2019
Sales	$	232,719	$	208,625	$	195,540
Gross profit	10,889		8,707		7,303
Net earnings (loss)	(3,475)		1,624		997
Share of earnings (loss) from equity method investments	(512)		372		172