Asset-Backed Securitization Program (Tables)

3 Months Ended

Nov. 30, 2022

Transfers and Servicing [Abstract]

Schedule of Asset-backed Securitization Programs Amounts Recognized

In connection with the asset-backed securitization programs, the Company recognized the following (in millions):

	Three months ended
	November 30, 2022		November 30, 2021
Trade accounts receivable sold(1)	$	1,066	$	1,032
Cash proceeds received(2)	$	1,058	$	1,030
Pre-tax losses on sale of receivables(3)	$	8	$	2

(1)Receivables sold are excluded from accounts receivable on the Condensed Consolidated Balance Sheets and are reflected as cash provided by operating activities on the Condensed Consolidated Statements of Cash Flows.

(2)The amounts primarily represent proceeds from collections reinvested in revolving-period transfers.

(3)Recorded to other expense within the Condensed Consolidated Statements of Operations.