Accrued Expenses

3 Months Ended

Nov. 30, 2023

Accrued Liabilities, Current [Abstract]

Accrued Expenses

Accrued Expenses

Accrued expenses consist of the following (in millions):

	November 30, 2023		August 31, 2023
Inventory deposits	$	1,656	$	1,839
Contract liabilities(1)	906		886
Accrued compensation and employee benefits	683		743
Other accrued expenses	2,595		2,047
Accrued expenses(2)	$	5,840	$	5,515

(1)Revenue recognized during the three months ended November 30, 2023 and 2022 that was included in the contract liability balance as of August 31, 2023 and 2022 was $161 million and $139 million, respectively.

(2)Excludes $304 million and $364 million of accrued expenses classified as held for sale as of November 30, 2023 and August 31, 2023, respectively. See Note 15 – “Business Acquisitions and Divestitures” for additional information.