Equity method investments (Tables)

12 Months Ended

Aug. 31, 2023

Equity Method Investments and Joint Ventures [Abstract]

Equity method investment

Equity method investments as of August 31, 2023 and 2022 were as follows (in millions, except percentages):

	2023			2022
	Carrying value		Ownership percentage	Carrying value		Ownership percentage
Cencora	$	2,534	16%	$	3,916	25%
Others	963		8% - 50%	1,579		8% - 50%
Total	$	3,497		$	5,495

Summarized financial information of equity method investees

Summarized financial information for the Company’s equity method investments in aggregate is as follows:

Balance sheet (in millions)

	August 31,
	2023		2022
Current assets	$	48,185	$	50,985
Non-current assets	25,618		26,497
Current liabilities	52,093		52,083
Non-current liabilities	17,999		19,712
Shareholders’ equity 1	3,711		5,687

1Shareholders’ equity at August 31, 2023 and 2022 includes $520 million and $564 million, respectively, related to non-controlling interests.

Statements of earnings (in millions)

	2023		2022		2021
Sales	$	279,118	$	268,189	$	232,719
Gross profit	12,457		13,248		10,889
Net earnings (loss)	1,799		1,988		(3,475)
Share of earnings (loss) from equity method investments	286		468		(512)