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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Aug. 31, 2021
Aug. 31, 2020
Aug. 31, 2019
Cash flows provided by operating activities:      
Net income $ 698 $ 57 $ 289
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 876 795 772
Restructuring and related charges 5 41 (4)
Recognition of stock-based compensation expense and related charges 102 83 61
Deferred income taxes (13) 29 21
Loss (gain) on sale of property, plant and equipment 14 29 (3)
Provision for allowance for doubtful accounts and notes receivable 6 32 16
(Gain) loss on securities (2) 49 30
Other, net 13 22 40
Change in operating assets and liabilities, exclusive of net assets acquired:      
Accounts receivable (283) (136) (587)
Contract assets 116 (105) (878)
Inventories (1,276) (77) 483
Prepaid expenses and other current assets (90) (144) 29
Other assets (43) (11) (38)
Accounts payable, accrued expenses and other liabilities 1,310 593 962
Net cash provided by operating activities 1,433 1,257 1,193
Cash flows used in investing activities:      
Acquisition of property, plant and equipment (1,159) (983) (1,005)
Proceeds and advances from sale of property, plant and equipment 366 187 218
Cash paid for business and intangible asset acquisitions, net of cash (50) (147) (153)
Repurchase of sold receivables (99) 0 0
Cash receipts on repurchased receivables 95 0 0
Cash receipts on sold receivables 0 0 97
Other, net (4) 22 (29)
Net cash used in investing activities (851) (921) (872)
Cash flows used in financing activities:      
Borrowings under debt agreements 1,724 12,777 11,986
Payments toward debt agreements (1,613) (12,544) (12,013)
Payments to acquire treasury stock (428) (215) (350)
Dividends paid to stockholders (50) (50) (52)
Net proceeds from exercise of stock options and issuance of common stock under employee stock purchase plan 39 30 27
Treasury stock minimum tax withholding related to vesting of restricted stock (22) (23) (12)
Other, net (63) (40) (2)
Net cash used in financing activities (413) (65) (416)
Effect of exchange rate changes on cash and cash equivalents 4 (40) 0
Net increase (decrease) in cash and cash equivalents 173 231 (95)
Cash and cash equivalents at beginning of period 1,394 1,163 1,258
Cash and cash equivalents at end of period 1,567 1,394 1,163
Supplemental disclosure information:      
Interest paid, net of capitalized interest 124 183 186
Income taxes paid, net of refunds received $ 211 $ 164 $ 168