Derivative Financial Instruments and Hedging Activities (Tables)

3 Months Ended

Nov. 30, 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	November 30, 2023		August 31, 2023
September 2023	$	—	$	34
October 2023	—		96
January 2024	97		96
April 2024	104		68
July 2024	174		102
Total	$	375	$	396

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

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

Derivatives Not Designated as Hedging Instruments Under ASC 815	Location of Gain (Loss) on Derivatives Recognized in Net Income	Amount of Gain (Loss) Recognized in Net Income on Derivatives
			Three months ended
			November 30, 2023		November 30, 2022
Forward foreign exchange contracts(1)	Cost of revenue		$	18	$	(46)

(1)For the three months ended November 30, 2023, the Company recognized $38 million of foreign currency losses in cost of revenue, which are offset by the gains from the forward foreign exchange contracts. For the three months ended November 30, 2022, the Company recognized $49 million of foreign currency gains in cost of revenue, which are offset by the losses from the forward foreign exchange contracts.