XML 47 R35.htm IDEA: XBRL DOCUMENT v3.24.1
Derivative Financial Instruments and Hedging Activities (Tables)
 6 Months Ended
Feb. 29, 2024
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 dateFebruary 29, 2024August 31, 2023
September 2023$— $34 
October 2023— 96 
January 2024— 96 
April 2024103 68 
July 2024178 102 
October 202496 — 
Total$377 $396 
Schedule of Net Gains (Losses) from Forward Contracts Recorded in Consolidated Statements of Operations
The following table presents the net (losses) gains from forward contracts recorded in the Condensed Consolidated Statements of Operations for the periods indicated (in millions):
Derivatives Not Designated as Hedging Instruments Under ASC 815Location of (Loss) Gain on Derivatives Recognized in Net IncomeAmount of (Loss) Gain Recognized in Net Income on Derivatives
Three months endedSix months ended
February 29, 2024February 28, 2023February 29, 2024February 28, 2023
Forward foreign exchange contracts(1)
Cost of revenue$(11)$30 $7 $(16)
(1)For the three months ended February 29, 2024, the Company recognized $3 million of foreign currency gains in cost of revenue, which are offset by the losses from the forward foreign exchange contracts. For the six months ended February 29, 2024, the Company recognized $35 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 February 28, 2023, the Company recognized $53 million of foreign currency losses in cost of revenue, which are offset by the gains from the forward foreign exchange contracts. For the six months ended February 28, 2023, the Company recognized $4 million of foreign currency losses in cost of revenue, in addition to losses from the forward foreign exchange contracts.