Accumulated other comprehensive income (loss) (Tables)

6 Months Ended

Feb. 29, 2024

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

Components of 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 and six months ended February 29, 2024 and February 28, 2023 (in millions):

	Pension/ post-retirement obligations		Unrealized loss on cash flow hedges and other		Net investment hedges		Share of OCI of equity method investments		Cumulative translation adjustments		Total
Balance at November 30, 2023	$	(642)	$	(1)	$	86	$	(147)	$	(2,291)	$	(2,995)
Other comprehensive income (loss) before reclassification adjustments	51		—		(1)		41		17		108
Amounts reclassified from AOCI	(4)		1		—		20		—		17
Tax provision	(12)		—		—		(14)		—		(26)
Net change in other comprehensive income (loss)	34		—		(1)		48		17		99
Balance at February 29, 2024	$	(608)	$	—	$	85	$	(100)	$	(2,274)	$	(2,897)

	Pension/ post-retirement obligations		Unrealized loss on cash flow hedges and other		Net investment hedges		Share of OCI of equity method investments		Cumulative translation adjustments		Total
Balance at August 31, 2023	$	(698)	$	(6)	$	83	$	(132)	$	(2,240)	$	(2,993)
Other comprehensive income (loss) before reclassification adjustments	127		—		7		13		(31)		117
Amounts reclassified from AOCI	(7)		5		(4)		28		(2)		20
Tax provision	(31)		—		(1)		(9)		—		(40)
Net change in other comprehensive income (loss)	90		5		2		33		(34)		96
Balance at February 29, 2024	$	(608)	$	—	$	85	$	(100)	$	(2,274)	$	(2,897)

	Pension/ post-retirement obligations		Unrealized loss on cash flow hedges and other		Net investment hedges		Share of OCI of equity method investments		Cumulative translation adjustments		Total
Balance at November 30, 2022	$	(162)	$	(4)	$	183	$	(250)	$	(2,583)	$	(2,815)
Other comprehensive (loss) income before reclassification adjustments	—		(2)		(57)		78		133		153
Amounts reclassified from AOCI	(7)		1		—		40		(11)		22
Tax benefit (provision)	2		—		14		(30)		—		(15)
Net change in other comprehensive (loss) income	(5)		(1)		(43)		88		122		161
Balance at February 28, 2023	$	(167)	$	(5)	$	140	$	(162)	$	(2,461)	$	(2,654)

	Pension/ post-retirement obligations		Unrealized loss on cash flow hedges and other		Net investment hedges		Share of OCI of equity method investments		Cumulative translation adjustments		Total
Balance at August 31, 2022	$	(157)	$	(2)	$	213	$	(254)	$	(2,605)	$	(2,805)
Other comprehensive (loss) income before reclassification adjustments	—		(4)		(96)		(25)		158		33
Amounts reclassified from AOCI	(13)		—		—		150		(14)		123
Tax benefit (provision)	3		—		23		(33)		—		(6)
Net change in other comprehensive (loss) income	(10)		(3)		(73)		92		144		151
Balance at February 28, 2023	$	(167)	$	(5)	$	140	$	(162)	$	(2,461)	$	(2,654)