Accumulated other comprehensive income (loss)

9 Months Ended

May 31, 2022

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

Accumulated other comprehensive income (loss)

Note 14. 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 and nine months ended May 31, 2022 and 2021 (in millions):

	Pension/ post-retirement obligations		Unrealized gain (loss) on cash flow hedges		Net investment hedges		Share of OCI of equity method investments		Cumulative currency translation adjustments		Total
Balance at February 28, 2022	$	(372)	$	(9)	$	(11)	$	(154)	$	(1,782)	$	(2,328)
Other comprehensive income (loss) before reclassification adjustments	—		4		176		(48)		(515)		(383)
Amounts reclassified from AOCI	(5)		1		—		25		—		20
Tax benefit (provision)	1		(1)		(40)		6		—		(34)
Net change in other comprehensive (loss) income	(4)		4		135		(17)		(515)		(397)
Balance at May 31, 2022	$	(376)	$	(5)	$	124	$	(171)	$	(2,297)	$	(2,724)

	Pension/ post- retirement obligations		Unrealized gain (loss) on cash flow hedges		Net investment hedges		Unrealized gain on available for sale securities		Share of OCI of equity method investments		Cumulative currency translation adjustments		Total
Balance at August 31, 2021	$	(359)	$	(10)	$	(35)	$	96	$	(29)	$	(1,772)	$	(2,109)
Other comprehensive income (loss) before reclassification adjustments	—		5		207		450		(213)		(525)		(77)
Amounts reclassified from AOCI	(16)		2		—		(577)		25		—		(566)
Other	(6)		—		—		—		—		—		(6)
Tax benefit (provision)	5		(1)		(48)		31		46		—		32
Net change in other comprehensive (loss) income	(17)		6		159		(96)		(143)		(525)		(616)
Balance at May 31, 2022	$	(376)	$	(5)	$	124	$	—	$	(171)	$	(2,297)	$	(2,724)

	Pension/ post- retirement obligations		Unrealized gain (loss) on cash flow hedges		Net investment hedges		Unrealized gain on available for sale securities		Share of OCI of equity method investments		Cumulative currency translation adjustments		Total
Balance at February 28, 2021	$	(739)	$	(18)	$	(90)	$	—	$	10	$	(2,469)	$	(3,306)
Other comprehensive income (loss) before reclassification adjustments	—		(3)		(30)		5		2		141		115
Amounts reclassified from AOCI	(2)		14		—		—		—		1		13
Tax benefit (provision)	—		(3)		7		—		(6)		—		(1)
Net change in other comprehensive (loss) income	(1)		8		(23)		5		(4)		142		127
Balance at May 31, 2021	$	(740)	$	(10)	$	(113)	$	5	$	6	$	(2,327)	$	(3,180)

	Pension/ post- retirement obligations		Unrealized gain (loss) on cash flow hedges		Net investment hedges		Unrealized gain on available for sale securities		Share of OCI of equity method investments		Cumulative currency translation adjustments		Total
Balance at August 31, 2020	$	(748)	$	(31)	$	(34)	$	—	$	(10)	$	(2,948)	$	(3,771)
Other comprehensive income (loss) before reclassification adjustments	16		11		(110)		5		21		615		558
Amounts reclassified from AOCI	(6)		16		—		—		—		6		17
Tax benefit (provision)	(3)		(7)		31		—		(5)		—		17
Net change in other comprehensive income (loss)	8		21		(79)		5		16		621		591
Balance at May 31, 2021	$	(740)	$	(10)	$	(113)	$	5	$	6	$	(2,327)	$	(3,180)