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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Nov. 30, 2021
Nov. 30, 2020
Cash flows (used in) provided by operating activities:    
Net income $ 241 $ 201
Depreciation, amortization, and other, net 269 249
Change in operating assets and liabilities, exclusive of net assets acquired (556) (385)
Net cash (used in) provided by operating activities (46) 65
Cash flows used in investing activities:    
Acquisition of property, plant and equipment (281) (353)
Proceeds and advances from sale of property, plant and equipment 208 111
Cash paid for business and intangible asset acquisitions, net of cash 0 (18)
Other, net 0 (4)
Net cash used in investing activities (73) (264)
Cash flows used in financing activities:    
Borrowings under debt agreements 550 200
Payments toward debt agreements (574) (202)
Payments to acquire treasury stock (127) (50)
Dividends paid to stockholders (14) (14)
Treasury stock minimum tax withholding related to vesting of restricted stock (43) (21)
Net cash used in financing activities (208) (87)
Effect of exchange rate changes on cash and cash equivalents (11) 0
Net decrease in cash and cash equivalents (338) (286)
Cash and cash equivalents at beginning of period 1,567 1,394
Cash and cash equivalents at end of period $ 1,229 $ 1,108