Accumulated other comprehensive loss

9 Months Ended

May 31, 2024

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

Accumulated other comprehensive loss

Accumulated other comprehensive 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 nine months ended May 31, 2024 and May 31, 2023 (in millions):

	Pension/ post-retirement obligations		Net investment hedges		Share of OCI of equity method investments		Cumulative translation adjustments		Total
Balance at February 29, 2024	$	(608)	$	85	$	(100)	$	(2,274)	$	(2,897)
Other comprehensive (loss) income before reclassification adjustments	(3)		(13)		(16)		20		(13)
Amounts reclassified from AOCI	(3)		3		10		—		10
Tax benefit (provision)	2		3		2		—		6
Net change in other comprehensive (loss) income	(5)		(8)		(4)		20		3
Balance at May 31, 2024	$	(613)	$	77	$	(104)	$	(2,254)	$	(2,894)

	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	124		—		(6)		(3)		(11)		104
Amounts reclassified from AOCI	(10)		5		(1)		39		(3)		30
Tax (provision) benefit	(30)		—		2		(6)		—		(34)
Net change in other comprehensive income (loss)	85		5		(6)		29		(14)		100
Balance at May 31, 2024	$	(613)	$	—	$	77	$	(104)	$	(2,254)	$	(2,894)

	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 February 28, 2023	$	(167)	$	(5)	$	140	$	(162)	$	(2,461)	$	(2,654)
Other comprehensive (loss) income before reclassification adjustments	—		(2)		(42)		16		143		115
Amounts reclassified from AOCI	(7)		1		—		(1)		(2)		(9)
Tax benefit (provision)	2		—		10		(4)		—		9
Net change in other comprehensive (loss) income	(5)		(1)		(31)		12		141		115
Balance at May 31, 2023	$	(171)	$	(6)	$	108	$	(150)	$	(2,320)	$	(2,539)

	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	—		(6)		(138)		(8)		301		149
Amounts reclassified from AOCI	(20)		2		—		149		(16)		115
Tax benefit (provision)	5		1		33		(37)		—		2
Net change in other comprehensive (loss) income	(15)		(4)		(104)		104		285		266
Balance at May 31, 2023	$	(171)	$	(6)	$	108	$	(150)	$	(2,320)	$	(2,539)