Equity

6 Months Ended

Feb. 29, 2024

Equity [Abstract]

Equity

Equity

Common Stock Repurchases

In May 2018, our Board of Directors authorized the discretionary repurchase of up to $10 billion of our outstanding common stock through open-market purchases, block trades, privately-negotiated transactions, derivative transactions, and/or pursuant to Rule 10b5-1 trading plans. The repurchase authorization has no expiration date, does not obligate us to acquire any common stock, and is subject to market conditions and our ongoing determination of the best use of available cash. No shares were repurchased in the first six months of 2024. Through February 29, 2024, we had repurchased an aggregate of $6.89 billion under the authorization. Amounts repurchased are included in treasury stock.

Dividends

We paid dividends of $127 million ($0.115 per share) and $129 million ($0.115 per share) in the second and first quarters of 2024, respectively. On March 20, 2024, our Board of Directors declared a quarterly dividend of $0.115 per share, payable in cash on April 16, 2024, to shareholders of record as of the close of business on April 1, 2024.

Accumulated Other Comprehensive Income (Loss)

Changes in accumulated other comprehensive income (loss) by component for the six months ended February 29, 2024 were as follows:

	Gains (Losses) on Derivative Instruments		Unrealized Gains (Losses) on Investments		Pension Liability Adjustments		Cumulative Foreign Currency Translation Adjustment		Total
As of August 31, 2023	$	(304)	$	(41)	$	36	$	(3)	$	(312)
Other comprehensive income (loss) before reclassifications	(50)		16		—		—		(34)
Amount reclassified out of accumulated other comprehensive income (loss)	100		—		(2)		—		98
Tax effects	(17)		—		1		—		(16)
Other comprehensive income (loss)	33		16		(1)		—		48
As of February 29, 2024	$	(271)	$	(25)	$	35	$	(3)	$	(264)