Accumulated other comprehensive loss (Tables)

6 Months Ended

Feb. 28, 2025

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 loss (“AOCI”) by component and net of tax for the three and six months ended February 28, 2025 and February 29, 2024 (in millions):

	Pension/ post-retirement obligations		Net investment hedges gain		Share of OCI of equity method investments		Cumulative translation adjustments		Total
Balance at November 30, 2024	$	(702)	$	107	$	(58)	$	(2,318)	$	(2,971)
Other comprehensive income (loss) before reclassification adjustments	—		2		(42)		1		(40)
Amounts reclassified from AOCI	5		—		37		—		41
Tax provision	(1)		—		(9)		—		(10)
Net change in other comprehensive income (loss)	4		2		(15)		1		(9)
Balance at February 28, 2025	$	(698)	$	109	$	(73)	$	(2,317)	$	(2,980)

	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		94		(13)		(199)		(117)
Amounts reclassified from AOCI	9		—		—		37		—		46
Tax provision	(2)		—		—		(9)		—		(11)
Net change in other comprehensive income (loss)	7		1		94		15		(199)		(83)
Balance at February 28, 2025	$	(698)	$	—	$	109	$	(73)	$	(2,317)	$	(2,980)

	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 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 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	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)