Accumulated other comprehensive loss

12 Months Ended

Aug. 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 loss (“AOCI”) by component and net of tax for fiscal 2024, 2023 and 2022 (in millions):

	Pension/post-retirement obligations		Unrealized gain (loss) on cash flow hedges		Net investment hedges (loss) gain		Unrealized gain (loss) on available for sale debt securities		Share of OCI of equity method investments		Cumulative translation adjustments		Total
Balance at August 31, 2021	$	(359)	$	(10)	$	(35)	$	96	$	(29)	$	(1,772)	$	(2,109)
Other comprehensive income (loss) before reclassification adjustments	278		6		327		451		(326)		(833)		(97)
Amounts reclassified from AOCI	(22)		3		—		(577)		31		—		(565)
Other	(6)		—		—		—		—		—		(6)
Tax (provision) benefit	(48)		(2)		(79)		32		70		—		(27)
Net change in other comprehensive income (loss)	203		7		248		(95)		(226)		(833)		(696)
Balance at August 31, 2022	$	(157)	$	(3)	$	213	$	1	$	(254)	$	(2,605)	$	(2,805)
Other comprehensive (loss) income before reclassification adjustments	(705)		(7)		(172)		(2)		6		379		(500)
Amounts reclassified from AOCI	(26)		4		—		—		158		(14)		121
Tax benefit (provision)	190		—		42		1		(42)		—		190
Net change in other comprehensive (loss) income	(541)		(2)		(130)		(2)		122		364		(189)
Balance at August 31, 2023	$	(698)	$	(5)	$	83	$	—	$	(132)	$	(2,240)	$	(2,993)
Other comprehensive income (loss) before reclassification adjustments	14		—		(65)		—		(6)		124		68
Amounts reclassified from AOCI	(14)		8		(4)		—		63		(2)		51
Tax (provision) benefit	(8)		(3)		1		1		(13)		—		(23)
Net change in other comprehensive (loss) income	(8)		5		(68)		1		45		122		96
Balance at August 31, 2024	$	(706)	$	(1)	$	15	$	—	$	(88)	$	(2,118)	$	(2,897)