Property, Plant and Equipment (Tables)

12 Months Ended

Aug. 31, 2023

Property, Plant and Equipment [Abstract]

Schedule of Components of Property, Plant and Equipment

Estimated useful lives for major classes of depreciable assets are as follows:

Asset Class	Estimated Useful Life
Buildings	Up to 35 years
Leasehold improvements	Shorter of lease term or useful life of the improvement
Machinery and equipment	2 to 10 years
Furniture, fixtures and office equipment	5 years
Computer hardware and software	3 to 7 years
Transportation equipment	3 years

Property, plant and equipment consists of the following (in millions):

	August 31, 2023(1)		August 31, 2022
Land and improvements	$	107	$	108
Buildings	1,281		1,191
Leasehold improvements	676		1,362
Machinery and equipment	4,362		5,627
Furniture, fixtures and office equipment	229		241
Computer hardware and software	840		860
Transportation equipment	7		10
Construction in progress	147		179
Property, plant and equipment	7,649		9,578
Less accumulated depreciation and amortization	4,512		5,624
Property, plant and equipment, net	$	3,137	$	3,954

(1)Excludes $724 million of property, plant and equipment, net classified as held for sale. See Note 16 – “Business Acquisitions and Divestitures” for additional information.

Schedule of Depreciation and Maintenance and Repair Expenses

Depreciation and maintenance and repair expenses were as follows for the periods indicated (in millions):

	Fiscal Year Ended August 31,
	2023		2022		2021
Depreciation expense	$	891	$	891	$	828
Maintenance and repair expense	$	431	$	395	$	381