Accumulated Other Comprehensive Income

6 Months Ended

Feb. 29, 2024

The following table sets forth the changes in AOCI, net of tax, by component for the six months ended February 29, 2024 (in millions):


	Foreign Currency Translation Adjustment		Net Investment Hedges		Derivative Instruments		Actuarial Gain (Loss)		Prior Service (Cost) Credit		Total
Balance as of August 31, 2023	$	(59)	$	(4)	$	14	$	46	$	(14)	$	(17)
Other comprehensive loss before reclassifications	(1)		—		(4)		—		—		(5)

Amounts reclassified from AOCI	(2)		(4)		14		(5)		2		5
Other comprehensive (loss) income(1)	(3)		(4)		10		(5)		2		—
Balance as of February 29, 2024	$	(62)	$	(8)	$	24	$	41	$	(12)	$	(17)

(1)Amounts are net of tax, which are immaterial.

The following table sets forth the amounts reclassified from AOCI into the Condensed Consolidated Statements of Operations, and the associated financial statement line item, net of tax, for the periods indicated (in millions):


		Three months ended				Six months ended
Comprehensive Income Components	Financial Statement Line Item	February 29, 2024		February 28, 2023		February 29, 2024		February 28, 2023
Realized gains on foreign currency translation	Gain from the divestiture of businesses	$	(2)	$	—	$	(2)	$	—
Realized gains on net investment hedges	Gain from the divestiture of businesses	(4)		—		(4)		—
Realized (gains) losses on derivative instruments:(1)
Foreign exchange contracts	Cost of revenue	(2)		1		15		44
Interest rate contracts	Interest expense, net	—		—		(1)		—
Realized (gains) losses on pension and postretirement plans:
Actuarial gains	(2)	(2)		(4)		(5)		(7)
Prior service costs	(2)	1		1		2		2
Total amounts reclassified from AOCI(3)		$	(9)	$	(2)	$	5	$	39

(1)The Company expects to reclassify $2 million into earnings during the next twelve months, which will primarily be classified as a component of cost of revenue.

(2)Amounts are included in the computation of net periodic benefit cost. Refer to Note 7 – “Postretirement and Other Employee Benefits” for additional information.

(3)Amounts are net of tax, which are immaterial for the three months and six months ended February 29, 2024 and February 28, 2023.