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Accrued Expenses
9 Months Ended
May 31, 2022
Accrued Liabilities, Current [Abstract]  
Accrued Expenses Accrued Expenses
Accrued expenses consist of the following (in millions):
May 31, 2022 August 31, 2021
Inventory deposits $ 1,254  $ 711 
Contract liabilities(1)
733  559 
Accrued compensation and employee benefits 729  827 
Other accrued expenses 2,028  1,637 
Accrued expenses $ 4,744  $ 3,734 
(1)Revenue recognized during the nine months ended May 31, 2022 and 2021 that was included in the contract liability balance as of August 31, 2021 and 2020 was $269 million and $306 million, respectively.