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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
May 31, 2022
May 31, 2021
Cash flows provided by operating activities:    
Net income $ 681 $ 523
Depreciation, amortization, and other, net 768 730
Change in operating assets and liabilities, exclusive of net assets acquired (704) (582)
Net cash provided by operating activities 745 671
Cash flows used in investing activities:    
Acquisition of property, plant and equipment (1,068) (878)
Proceeds and advances from sale of property, plant and equipment 470 287
Cash paid for business and intangible asset acquisitions, net of cash (18) (50)
Other, net 0 (3)
Net cash used in investing activities (616) (644)
Cash flows used in financing activities:    
Borrowings under debt agreements 2,621 1,081
Payments toward debt agreements (2,707) (908)
Payments to acquire treasury stock (475) (262)
Dividends paid to stockholders (37) (38)
Net proceeds from exercise of stock options and issuance of common stock under employee stock purchase plan 26 20
Treasury stock minimum tax withholding related to vesting of restricted stock (44) (21)
Other, net (23) (49)
Net cash used in financing activities (639) (177)
Effect of exchange rate changes on cash and cash equivalents 13 (3)
Net decrease in cash and cash equivalents (497) (153)
Cash and cash equivalents at beginning of period 1,567 1,394
Cash and cash equivalents at end of period $ 1,070 $ 1,241