Asset-Backed Securitization Programs (Tables)

12 Months Ended

Aug. 31, 2023

Transfers and Servicing [Abstract]

Schedule of Asset-Backed Securitization Programs Amount Recognized

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

	Fiscal Year Ended August 31,
	2023		2022		2021(3)
Trade accounts receivable sold	$	4,101	$	3,932	$	4,222
Cash proceeds received(1)	$	4,061	$	3,919	$	4,202
Proceeds due from bank	$	—	$	—	$	10
Pre-tax losses on sale of receivables(2)	$	40	$	13	$	10

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

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

(3)Includes trade accounts receivable sold and cash proceeds received under the foreign asset-backed securitization program through June 28, 2021, except for $99 million of previously sold receivables that were repurchased.