Accumulated other comprehensive income (loss)

3 Months Ended

Nov. 30, 2022

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

Accumulated other comprehensive income (loss)

Accumulated other comprehensive income (loss)

The following is a summary of net changes in accumulated other comprehensive income (loss) (“AOCI”) by component and net of tax for the three months ended November 30, 2022 and 2021 (in millions):

	Pension/ post-retirement obligations		Unrealized loss on cash flow hedges		Net investment hedges		Unrealized gain (loss) on available for sale securities		Share of OCI of equity method investments		Currency translation adjustments		Total
Balance at August 31, 2022	$	(157)	$	(3)	$	213	$	1	$	(254)	$	(2,605)	$	(2,805)
Other comprehensive (loss) income before reclassification adjustments	—		(2)		(39)		(1)		(103)		22		(123)
Amounts reclassified from AOCI	(7)		—		—		—		110		—		103
Tax benefit (provision)	2		—		9		—		(3)		—		9
Net change in other comprehensive (loss) income	(5)		(2)		(29)		—		4		22		(11)
Balance at November 30, 2022	$	(162)	$	(5)	$	183	$	1	$	(250)	$	(2,583)	$	(2,815)

	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		Currency translation adjustments		Total
Balance at August 31, 2021	$	(359)	$	(10)	$	(35)	$	96	$	(29)	$	(1,772)	$	(2,109)
Other comprehensive (loss) income 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 (loss) income	(5)		1		44		(96)		(46)		(91)		(193)
Balance at November 30, 2021	$	(364)	$	(9)	$	9	$	—	$	(74)	$	(1,863)	$	(2,301)