Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Aug. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes in Goodwill Allocated to Reportable Segments

The following table presents the changes in goodwill allocated to the Company’s reportable segments, Electronics Manufacturing Services (“EMS”) and Diversified Manufacturing Services (“DMS”), during the fiscal years ended August 31, 2021 and 2020 (in millions):

	EMS		DMS		Total
Balance as of August 31, 2019	$	74	$	548	$	622
Acquisitions and adjustments	—		62		62
Change in foreign currency exchange rates	—		13		13
Balance as of August 31, 2020	74		623		697
Acquisitions and adjustments	—		17		17
Change in foreign currency exchange rates	—		1		1
Balance as of August 31, 2021	$	74	$	641	$	715

The following table is a summary of the Company’s gross goodwill balances and accumulated impairments as of the periods indicated (in millions):

	August 31, 2021				August 31, 2020
	Gross Carrying Amount		Accumulated Impairment		Gross Carrying Amount		Accumulated Impairment
Goodwill	$	1,735	$	1,020	$	1,717	$	1,020

Schedule of Indefinite-Lived Intangible Assets

The following table presents the Company’s total purchased intangible assets as of August 31, 2021 and 2020 (in millions):

	Weighted Average Amortization Period (in years)	August 31, 2021						August 31, 2020
		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Contractual agreements and customer relationships	12	$	304	$	(217)	$	87	$	302	$	(200)	$	102
Intellectual property	8	191		(169)		22		174		(164)		10
Finite-lived trade names	Not applicable	78		(56)		22		78		(31)		47
Trade names	Indefinite	51		—		51		51		—		51
Total intangible assets	11	$	624	$	(442)	$	182	$	605	$	(395)	$	210

Schedule of Finite-Lived Intangible Assets

The following table presents the Company’s total purchased intangible assets as of August 31, 2021 and 2020 (in millions):

	Weighted Average Amortization Period (in years)	August 31, 2021						August 31, 2020
		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Contractual agreements and customer relationships	12	$	304	$	(217)	$	87	$	302	$	(200)	$	102
Intellectual property	8	191		(169)		22		174		(164)		10
Finite-lived trade names	Not applicable	78		(56)		22		78		(31)		47
Trade names	Indefinite	51		—		51		51		—		51
Total intangible assets	11	$	624	$	(442)	$	182	$	605	$	(395)	$	210

Schedule of Estimated Future Amortization Expense

The estimated future amortization expense is as follows (in millions):

Fiscal Year Ended August 31,
2022	$	32
2023	30
2024	15
2025	14
2026	11
Thereafter	29
Total	$	131