Derivative Financial Instruments and Hedging Activities (Tables)

9 Months Ended

May 31, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Maturity Date and Aggregate Notional Amount Outstanding of Net Investment Hedges

The maturity dates and aggregate notional amount outstanding of net investment hedges are as follows (in millions):

Maturity date	May 31, 2023		August 31, 2022
August 2023	$	131	$	—
September 2023	33		—
October 2023	96		—
January 2024	96		—
April 2024	35		—
Total	$	391	$	—

Schedule of Net Gains (Losses) from Forward Contracts Recorded in Consolidated Statements of Operations

The following table presents the net losses from forward contracts recorded in the Condensed Consolidated Statements of Operations for the periods indicated (in millions):

Derivatives Not Designated as Hedging Instruments Under ASC 815	Location of Loss on Derivatives Recognized in Net Income	Amount of Loss Recognized in Net Income on Derivatives
		Three months ended				Nine months ended
		May 31, 2023		May 31, 2022		May 31, 2023		May 31, 2022
Forward foreign exchange contracts(1)	Cost of revenue	$	(41)	$	(66)	$	(57)	$	(6)

(1)For the three months and nine months ended May 31, 2023, the Company recognized $24 million and $20 million, respectively, of foreign currency gains in cost of revenue, which are offset by the losses from the forward foreign exchange contracts. For the three months and nine months ended May 31, 2022, the Company recognized $64 million and $27 million, respectively, of foreign currency gains in cost of revenue, which are offset by the losses from the forward foreign exchange contracts.