CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	May 31, 2023	Aug. 31, 2022
Current assets:
Cash and cash equivalents	$ 1,480	$ 1,478
Accounts receivable, net of allowance for credit losses	3,599	3,995
Contract assets	1,173	1,196
Inventories, net	6,084	6,128
Prepaid expenses and other current assets	1,273	1,111
Total current assets	13,609	13,908
Property, plant and equipment, net of accumulated depreciation of $6,055 as of May 31, 2023 and $5,624 as of August 31, 2022	3,919	3,954
Operating lease right-of-use asset	484	500
Goodwill	737	704
Intangible assets, net of accumulated amortization of $497 as of May 31, 2023 and $471 as of August 31, 2022	150	158
Deferred income taxes	233	199
Other assets	304	294
Total assets	19,436	19,717
Current liabilities:
Current installments of notes payable and long-term debt	300	300
Accounts payable	6,406	8,006
Accrued expenses	5,964	5,272
Current operating lease liabilities	126	119
Total current liabilities	12,796	13,697
Notes payable and long-term debt, less current installments	2,874	2,575
Other liabilities	311	272
Non-current operating lease liabilities	386	417
Income tax liabilities	205	182
Deferred income taxes	127	122
Total liabilities	16,699	17,265
Commitments and contingencies
Jabil Inc. stockholders’ equity:
Preferred stock, $0.001 par value, authorized 10,000,000 shares; no shares issued and no shares outstanding	0	0
Common stock, $0.001 par value, authorized 500,000,000 shares; 273,536,549 and 270,891,715 shares issued and 131,351,864 and 135,493,980 shares outstanding as of May 31, 2023 and August 31, 2022, respectively	0	0
Additional paid-in capital	2,758	2,655
Retained earnings	4,268	3,638
Accumulated other comprehensive loss	(11)	(42)
Treasury stock at cost, 142,184,685 and 135,397,735 shares as of May 31, 2023 and August 31, 2022, respectively	(4,279)	(3,800)
Total Jabil Inc. stockholders’ equity	2,736	2,451
Noncontrolling interests	1	1
Total equity	2,737	2,452
Total liabilities and equity	$ 19,436	$ 19,717