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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Nov. 30, 2022
Nov. 30, 2021
Cash flows provided by (used in) operating activities:    
Net income $ 223 $ 241
Depreciation, amortization, and other, net 263 269
Change in operating assets and liabilities, exclusive of net assets acquired (320) (556)
Net cash provided by (used in) operating activities 166 (46)
Cash flows used in investing activities:    
Acquisition of property, plant and equipment (314) (281)
Proceeds and advances from sale of property, plant and equipment 150 208
Other, net (12) 0
Net cash used in investing activities (176) (73)
Cash flows used in financing activities:    
Borrowings under debt agreements 1,026 550
Payments toward debt agreements (1,061) (574)
Payments to acquire treasury stock (161) (127)
Dividends paid to stockholders (12) (14)
Treasury stock minimum tax withholding related to vesting of restricted stock (33) (43)
Net cash used in financing activities (241) (208)
Effect of exchange rate changes on cash and cash equivalents (10) (11)
Net decrease in cash and cash equivalents (261) (338)
Cash and cash equivalents at beginning of period 1,478 1,567
Cash and cash equivalents at end of period $ 1,217 $ 1,229