Accumulated other comprehensive loss

3 Months Ended

Nov. 30, 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 the three months ended November 30, 2024 and 2023 (in millions):

	Pension/ post-retirement obligations		Unrealized gain (loss) on cash flow hedges and other		Net investment hedges gain		Share of OCI of equity method investments		Cumulative translation adjustments		Total
Balance at August 31, 2024	$	(706)	$	(1)	$	15	$	(88)	$	(2,118)	$	(2,897)
Other comprehensive income (loss) before reclassification adjustments	—		1		92		30		(200)		(77)
Amounts reclassified from AOCI	5		—		—		—		—		5
Tax provision	(1)		—		—		—		—		(1)
Net change in other comprehensive income (loss)	4		—		92		30		(200)		(74)
Balance at November 30, 2024	$	(702)	$	—	$	107	$	(58)	$	(2,318)	$	(2,971)

	Pension/ post-retirement obligations		Unrealized gain (loss) on cash flow hedges and other		Net investment hedges gain (loss)		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	77		1		8		(28)		(49)		9
Amounts reclassified from AOCI	(2)		4		(4)		8		(2)		3
Tax (provision) benefit	(19)		—		(1)		5		—		(14)
Net change in other comprehensive (loss) income	56		5		3		(15)		(51)		(2)
Balance at November 30, 2023	$	(642)	$	(1)	$	86	$	(147)	$	(2,291)	$	(2,995)