CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Aug. 31, 2021	Aug. 31, 2020
Current assets:
Cash and cash equivalents	$ 1,567	$ 1,394
Accounts receivable, net of allowance for doubtful accounts	3,141	2,848
Contract assets	998	1,105
Inventories, net of reserve for excess and obsolete inventory	4,414	3,132
Prepaid expenses and other current assets	757	656
Total current assets	10,877	9,135
Property, plant and equipment, net of accumulated depreciation	4,075	3,665
Operating lease right-of-use asset	390	363
Goodwill	715	697
Intangible assets, net of accumulated amortization	182	210
Deferred income taxes	176	165
Other assets	239	162
Total assets	16,654	14,397
Current liabilities:
Current installments of notes payable and long-term debt	0	50
Accounts payable	6,841	5,687
Accrued expenses	3,734	3,211
Current operating lease liabilities	108	111
Total current liabilities	10,683	9,059
Notes payable and long-term debt, less current installments	2,878	2,678
Other liabilities	334	269
Non-current operating lease liabilities	333	302
Income tax liabilities	178	149
Deferred income taxes	111	115
Total liabilities	14,517	12,572
Commitments and contingencies
Jabil Inc. stockholders’ equity:
Preferred stock, $0.001 par value, authorized 10,000,000 shares; no shares issued and outstanding	0	0
Common stock, $0.001 par value, authorized 500,000,000 shares; 267,418,092 and 263,830,270 shares issued and 144,496,077 and 150,330,358 shares outstanding at August 31, 2021 and August 31, 2020, respectively	0	0
Additional paid-in capital	2,533	2,414
Retained earnings	2,688	2,041
Accumulated other comprehensive loss	(25)	(34)
Treasury stock at cost, 122,922,015 and 113,499,912 shares as of August 31, 2021 and August 31, 2020, respectively	(3,060)	(2,610)
Total Jabil Inc. stockholders’ equity	2,136	1,811
Noncontrolling interests	1	14
Total equity	2,137	1,825
Total liabilities and equity	$ 16,654	$ 14,397