XML 123 R107.htm IDEA: XBRL DOCUMENT v3.21.2
Income Taxes (Reconciliation of Income Tax Rate) (Details) - USD ($)
$ / shares in Units, $ in Millions
12 Months Ended
Aug. 31, 2021
Aug. 31, 2020
Aug. 31, 2019
Income Tax Disclosure [Abstract]      
U.S. federal statutory income tax rate 21.00% 21.00% 21.00%
State income taxes, net of federal tax benefit 0.20% (2.60%) (1.70%)
Impact of foreign tax rates (4.60%) (0.90%) (9.90%)
Permanent differences (0.40%) 3.20% 1.80%
Income tax credits (0.40%) (2.50%) (3.10%)
Changes in tax rates on deferred tax assets and liabilities 0.00% 10.30% 0.20%
One-time transition tax related to the Tax Act 0 0 (0.005)
Indefinite reinvestment assertion impact 0.00% 0.00% 0.90%
Valuation allowance 1.30% 16.80% 1.30%
Non-deductible equity compensation 0.60% 2.20% 1.40%
Impact of intercompany charges and dividends 4.40% 15.00% 10.40%
Global Intangible Low-Taxed Income 3.00% 13.70% 10.40%
Other, net 0.90% 2.00% 3.60%
Effective income tax rate 26.00% 78.20% 35.80%
Income tax benefit on income from subsidiaries $ 51 $ 43 $ 67
Per basic share income tax benefit on income from subsidiaries (in dollars per share) $ 0.34 $ 0.28 $ 0.43
Income tax expense associated with remeasurement of referred tax assets   $ 21  
Reversal of valuation allowance     $ 18