Accrued Expenses (Tables)

6 Months Ended

Feb. 28, 2022

Accrued Liabilities, Current [Abstract]

Schedule of Accrued Expenses

Accrued expenses consist of the following (in millions):

	February 28, 2022		August 31, 2021
Contract liabilities(1)	$	690	$	559
Accrued compensation and employee benefits	648		827
Inventory deposits	1,161		711
Other accrued expenses	1,732		1,637
Accrued expenses	$	4,231	$	3,734

(1)Revenue recognized during the six months ended February 28, 2022 and 2021 that was included in the contract liability balance as of August 31, 2021 and 2020 was $196 million and $233 million, respectively.