Restructuring, Severance and Related Charges (Tables)

6 Months Ended

Feb. 29, 2024

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				Six months ended
	February 29, 2024(1)		February 28, 2023(2)		February 29, 2024(1)		February 28, 2023(2)
Employee severance and benefit costs	$	28	$	(4)	$	123	$	36
Lease costs	1		—		1		—
Asset write-off costs	33		4		55		5
Other costs	8		—		18		4
Total restructuring, severance and related charges(3)	$	70	$	—	$	197	$	45

(1)Primarily relates to the 2024 Restructuring Plan.

(2)Primarily relates to headcount reduction to further optimize the Company’s business activities.

(3)Includes $11 million and $0 million recorded in the EMS segment, $35 million and $0 million recorded in the DMS segment and $24 million and $0 million of non-allocated charges for the three months ended February 29, 2024 and February 28, 2023, respectively. Includes $40 million and $4 million recorded in the EMS segment, $114 million and $33 million recorded in the DMS segment and $43 million and $8 million of non-allocated charges for the six months ended February 29, 2024 and February 28, 2023, respectively. 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	123		1		55		18		197
Asset write-off charge and other non-cash activity	—		—		(55)		(5)		(60)
Cash payments	(57)		(1)		—		(4)		(62)
Balance as of February 29, 2024	$	66	$	—	$	—	$	9	$	75