Accumulated other comprehensive income (loss) (Tables)

3 Months Ended

Nov. 30, 2021

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

Components of Accumulated Other Comprehensive Income (Loss)

The following is a summary of net changes in accumulated other comprehensive income (“AOCI”) by component and net of tax for the three months ended November 30, 2021 and 2020 (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 OCI of equity method investments		Cumulative translation adjustments		Total
Balance at August 31, 2021	$	(359)	$	(10)	$	(35)	$	96	$	(29)	$	(1,772)	$	(2,109)
Other comprehensive income (loss) before reclassification adjustments	(1)		1		53		450		(60)		(88)		356
Amounts reclassified from AOCI	(5)		1		—		(577)		—		(4)		(585)
Tax benefit (provision)	1		—		(9)		31		14		—		37
Net change in other comprehensive income (loss)	(5)		1		44		(96)		(46)		(91)		(193)
Balance at November 30, 2021	$	(364)	$	(9)	$	9	$	—	$	(74)	$	(1,863)	$	(2,301)

	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, 2020	$	(748)	$	(31)	$	(34)	$	—	$	(10)	$	(2,948)	$	(3,771)
Other comprehensive income (loss) before reclassification adjustments	17		4		(14)		—		7		72		85
Amounts reclassified from AOCI	(2)		1		—		—		—		3		2
Tax benefit (provision)	(4)		(1)		8		—		(1)		—		1
Net change in other comprehensive income (loss)	11		4		(7)		—		5		75		88
Balance at November 30, 2020	$	(736)	$	(27)	$	(41)	$	—	$	(5)	$	(2,873)	$	(3,682)