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Discontinued operations (Tables)
 12 Months Ended
Aug. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]  
Schedules of discontinued operations The following table shows the fair value of proceeds from the Alliance Healthcare Sale and net carrying value of the assets disposed:
Transaction proceeds and net assets disposed (in billions):
Fair value of proceeds from disposition 1
$6.9 
Net assets disposed5.8 
Gain before currency translation adjustments1.1 
Currency translation loss released due to disposition(0.8)
Net gain on disposal of discontinued operation 2
$0.3 
1.Includes base consideration of $6.275 billion adjusted for net working capital and net cash adjustments as set forth in the Share Purchase Agreement.
2.The Company recorded insignificant amount of tax expense due to utilization of capital losses.
Results of discontinued operations for prior periods were as follows (in millions):
 20212020
Sales$16,070 $19,349 
Cost of sales14,486 17,409 
Gross profit1,584 1,940 
Selling, general and administrative expense 1
1,254 1,610 
Operating income from discontinued operations329 330 
Other income (expense), net 2
314 (8)
Interest expense, net(23)(25)
Earnings before income tax – discontinued operations621 297 
Income tax provision78 21 
Post tax earnings from other equity method investments1510
Net earnings from discontinued operations$557 $286 
1 Includes $44 million of divestiture related costs incurred post completion of the Alliance Healthcare Sale.
2 Includes $322 million of gain on sale of discontinued operations.


Sales in prior years from the Disposal Group to the Company's continuing operations aggregate to (in millions):
 
2021 1
2020
Sales$1,385 $1,794 
1 Sales in fiscal 2021 until date of disposal.

The following table presents cash flows from operating and investing activities for discontinued operations in prior periods (in millions):
 20212020
Cash (used for) provided by operating activities - discontinued operations$(132)$334 
Cash used for investing activities - discontinued operations(58)(80)