Derivative Financial Instruments and Hedging Activities (Tables)

12 Months Ended

Aug. 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	August 31, 2023		August 31, 2022
September 2023	$	34	$	—
October 2023	96		—
January 2024	96		—
April 2024	68		—
July 2024	102		—
Total	$	396	$	—

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

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

Derivatives Not Designated as Hedging Instruments Under ASC 815	Location of (Loss) Gain on Derivatives Recognized in Net Income	Amount of (Loss) Gain Recognized in Net Income on Derivatives
		Fiscal Year Ended August 31,
		2023		2022		2021
Forward foreign exchange contracts(1)	Cost of revenue	$	(111)	$	(71)	$	140

(1)For the fiscal years ended August 31, 2023 and 2022, the Company recognized $58 million and $87 million, respectively, of foreign currency gains in cost of revenue, which are offset by the losses from the forward foreign exchange contracts. For the fiscal year ended August 31, 2021, the Company recognized $105 million of foreign currency losses in cost of revenue, which are offset by gains from the forward foreign contracts.