Debt (Tables)

9 Months Ended

May 31, 2018

Debt Disclosure [Abstract]

Schedule of Debt

As of	May 31, 2018										August 31, 2017
Instrument	Stated Rate		Effective Rate		Current		Long-Term		Total		Current		Long-Term		Total
MMJ Creditor Payments	N/A		6.52	%	$	237	$	259	$	496	$	157	$	474	$	631
Capital lease obligations	N/A		3.80	%	346		605		951		357		833		1,190
2021 MSAC Term Loan	4.42	%	4.65	%	—		—		—		99		697		796
2021 MSTW Term Loan	2.85	%	3.01	%	—		1,993		1,993		—		2,640		2,640
2022 Term Loan B	3.74	%	4.15	%	5		721		726		5		725		730
2023 Notes	5.25	%	5.43	%	—		—		—		—		991		991
2023 Secured Notes	7.50	%	7.69	%	—		—		—		—		1,238		1,238
2024 Notes	5.25	%	5.38	%	—		—		—		—		546		546
2025 Notes	5.50	%	5.56	%	—		515		515		—		515		515
2026 Notes	5.63	%	5.73	%	—		—		—		—		128		128
2032C Notes(1)(2)	2.38	%	5.95	%	504		—		504		—		211		211
2032D Notes(1)	3.13	%	6.33	%	77		149		226		—		159		159
2033E Notes(1)	1.63	%	1.63	%	43		—		43		202		—		202
2033F Notes(1)	2.13	%	4.93	%	123		—		123		278		—		278
2043G Notes(1)	3.00	%	6.76	%	10		679		689		—		671		671
IMFT Member Debt	0.00	%	0.00	%	—		969		969		—		—		—
Other notes	1.84	%	2.46	%	109		—		109		164		44		208
					$	1,454	$	5,890	$	7,344	$	1,262	$	9,872	$	11,134

⁽¹⁾  Since the closing price of our common stock exceeded 130% of the conversion price per share for at least 20 trading days in the 30 trading day period ended on March 31, 2018, these notes are convertible by the holders at any time through the calendar quarter ended June 30, 2018. Current debt as of May 31, 2018 included an aggregate of $553 million for the settlement obligation (including principal and amounts in excess of principal) for conversions of certain convertible notes that will settle in cash in the fourth quarter of 2018. Additionally, the closing price of our common stock also exceeded the thresholds for the calendar quarter ended June 30, 2018; therefore, these notes are convertible by the holders at any time through September 30, 2018.

⁽²⁾  The 2032C Notes were classified as current as of May 31, 2018 because the holders can require us to repurchase for cash all or a portion of the 2032C Notes on May 1, 2019.

Schedule of Debt Prepayments, Repurchases, and Conversions

The following table presents the effects of prepayments, repurchases, and conversions of debt in the first nine months of 2018:

Nine months ended May 31, 2018	Decrease in Principal			Increase (Decrease) in Carrying Value			Decrease in Cash			Decrease in Equity			Gain (Loss)
Prepayments and repurchases
2021 MSAC Term Loan	$	(730	)	$	(727	)	$	(730	)	$	—		$	(3	)
2021 MSTW Term Loan	(671		)	(668		)	(671		)	—			(3		)
2023 Notes	(1,000		)	(991		)	(1,046		)	—			(55		)
2023 Secured Notes	(1,250		)	(1,238		)	(1,373		)	—			(135		)
2024 Notes	(550		)	(546		)	(572		)	—			(25		)
2026 Notes	(129		)	(129		)	(139		)	—			(11		)
2033F Notes	(66		)	(63		)	(316		)	(252		)	(1		)
Settled conversions
2032C Notes	(52		)	(49		)	(240		)	(195		)	4
2033E Notes(1)	(161		)	(191		)	(491		)	(251		)	(49		)
2033F Notes	(119		)	(114		)	(575		)	(447		)	(14		)
Conversions not settled(2)
2032C Notes	—			338			—			(264		)	(74		)
2032D Notes	—			64			—			(51		)	(13		)
2033E Notes	—			31			—			(29		)	(3		)
2033F Notes	—			17			—			(14		)	(3		)
2043G Notes	—			6			—			(5		)	(1		)
	$	(4,728	)	$	(4,260	)	$	(6,153	)	$	(1,508	)	$	(386	)

⁽¹⁾  Settlement included issuance of 4 million shares of our treasury stock in addition to payment of cash.

⁽²⁾  As of May 31, 2018, an aggregate of $101 million in principal amount of our convertible notes (with a carrying value of $553 million) had converted but not settled. These notes will settle in cash in the fourth quarter of 2018.