Restructuring, Severance and Related Charges (Tables)

3 Months Ended

Nov. 30, 2023

Restructuring and Related Activities [Abstract]

Schedule of Restructuring, Severance and Related Charges and Liability Activity

Following is a summary of the Company’s restructuring, severance and related charges (in millions):

	Three months ended
	November 30, 2023		November 30, 2022
Employee severance and benefit costs	$	95	$	40
Asset write-off costs	22		1
Other costs	10		4
Total restructuring, severance and related charges(1)	$	127	$	45

(1)Charges for the three months ended November 30, 2023, related to the 2024 Restructuring Plan and included $29 million recorded in the EMS segment, $79 million recorded in the DMS segment and $19 million of non-allocated charges. Charges for the three months ended November 30, 2022, related to headcount reduction to further optimize the Company’s business activities and included $4 million recorded in the EMS segment, $33 million recorded in the DMS segment and $8 million of non-allocated charges. Except for asset write-off costs, all restructuring, severance and related charges are cash costs.

The table below summarizes the Company’s liability activity, primarily associated with the 2024 Restructuring Plan (in millions):

	Employee  Severance and Benefit Costs		Lease Costs		Asset Write-off Costs		Other Related Costs		Total
Balance as of August 31, 2023	$	—	$	—	$	—	$	—	$	—
Restructuring related charges	95		—		22		10		127
Asset write-off charge and other non-cash activity	—		—		(22)		(5)		(27)
Cash payments	(14)		—		—		—		(14)
Balance as of November 30, 2023	$	81	$	—	$	—	$	5	$	86