Accrued Expenses (Tables)

12 Months Ended

Aug. 31, 2023

Accrued Liabilities, Current [Abstract]

Schedule of Accrued Expenses

Accrued expenses consist of the following (in millions):

	August 31, 2023(1)		August 31, 2022
Inventory deposits	$	1,839	$	1,586
Contract liabilities(2)	886		796
Accrued compensation and employee benefits	743		806
Other accrued expenses	2,047		2,084
Accrued expenses	$	5,515	$	5,272

(1)Excludes $364 million of accrued expenses classified as held for sale. See Note 16 – “Business Acquisitions and Divestitures” for additional information.

(2)Revenue recognized during the fiscal years ended August 31, 2023 and 2022 that was included in the contract liability balance as of August 31, 2022 and 2021 was $539 million and $312 million, respectively.