Supplemental information (Tables)

9 Months Ended

May 31, 2023

Supplemental Cash Flow Elements [Abstract]

Schedule of Depreciation and Amortization Expense

The Company has recorded the following depreciation and amortization expense in the Consolidated Condensed Statements of Earnings (in millions):

	Three months ended May 31,				Nine months ended May 31,
	2023		2022		2023		2022
Depreciation expense	$	372	$	331	$	1,068	$	1,014
Intangible assets amortization	226		148		583		488
Total depreciation and amortization expense	$	598	$	478	$	1,652	$	1,502

Restrictions on Cash and Cash Equivalents

The following represents a reconciliation of Cash and cash equivalents in the Consolidated Condensed Balance Sheets to total Cash, cash equivalents, marketable securities and restricted cash in the Consolidated Condensed Statements of Cash Flows as of May 31, 2023 and August 31, 2022, respectively (in millions):

	May 31, 2023		August 31, 2022
Cash and cash equivalents	$	871	$	1,358
Cash and cash equivalents - assets held for sale (included in other current assets)	22		—
Marketable securities	99		1,114
Restricted cash (included in other current and non-current assets)	124		86
Cash, cash equivalents, marketable securities and restricted cash	$	1,117	$	2,558

Schedule of Redeemable Noncontrolling Interest

The following represents a roll forward of the redeemable non-controlling interest in the Consolidated Condensed Balance Sheets (in millions):

	Three months ended May 31,				Nine months ended May 31,
	2023		2022		2023		2022
Opening balance	$	158	$	812	$	1,042	$	319
Recognition upon acquisition of subsidiary 1	—		—		—		2,489
Acquisition of non-controlling interests 2	—		—		—		(2,047)
Net loss attributable to Redeemable non-controlling interests	—		(12)		(24)		(45)
Redemption price adjustments 3	—		(22)		440		68
Reclassifications to Accrued expenses and other liabilities 4	—		—		(1,314)		—
Other	2		(3)		16		(9)
Ending balance	$	160	$	775	$	160	$	775

1.The nine months ended May 31, 2022, includes $1.9 billion of redeemable non-controlling interest, representing the maximum purchase price to redeem non-controlling units in VillageMD for cash, and redeemable non-controlling interest in Shields. On November 24, 2021, VillageMD commenced a tender offer to purchase up to $1.9 billion of units in VillageMD for cash. The tender offer was fully subscribed and settled on December 28, 2021. The tender offer was funded by cash proceeds provided to VillageMD pursuant to the Unit Purchase Agreement.

2.The nine months ended May 31, 2022 includes, $1.9 billion paid to existing shareholders of VillageMD as part of the fully subscribed tender offer and the acquisition of the remaining 30% non-controlling equity interests in the pharmaceutical wholesale business in Germany.

3.Remeasurement of non-controlling interests, probable of redemption but not currently redeemable, to their redemption value, is recorded to Paid in capital in the Consolidated Condensed Balance Sheets. During the three months ended November 30, 2022, Shields and CareCentrix redeemable non-controlling interests were recorded to redemption value.

4.Represents the reclassification of the Shields and CareCentrix redeemable non-controlling interests to Accrued expenses and other liabilities, resulting from the Company's full acquisition of Shields and CareCentrix.

See Note 2. Acquisitions and other investments for further information.

Schedule of Dividends Payable

Cash dividends per common share declared was as follows:

Quarter ended	2023		2022
November	$	0.4800	$	0.4775
February	$	0.4800	$	0.4775
May	$	0.4800	$	0.4775
Total	$	1.4400	$	1.4325