CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	May 31, 2024	Aug. 31, 2023
Current assets:
Cash and cash equivalents	$ 2,457	$ 1,804
Accounts receivable, net of allowance for credit losses	3,382	3,647
Contract assets	1,121	1,035
Inventories, net of reserve for excess and obsolete inventory	4,439	5,206
Prepaid expenses and other current assets	1,494	1,109
Assets held for sale	0	1,929
Total current assets	12,893	14,730
Property, plant and equipment, net of accumulated depreciation of $4,668 as of May 31, 2024 and $4,512 as of August 31, 2023	2,963	3,137
Operating lease right-of-use asset	366	367
Goodwill	655	621
Intangible assets, net of accumulated amortization	155	142
Deferred income taxes	129	159
Other assets	288	268
Total assets	17,449	19,424
Current liabilities:
Current installments of notes payable and long-term debt	0	0
Accounts payable	5,398	5,679
Accrued expenses	5,929	5,515
Current operating lease liabilities	96	104
Liabilities held for sale	0	1,397
Total current liabilities	11,423	12,695
Notes payable and long-term debt, less current installments	2,879	2,875
Other liabilities	331	319
Non-current operating lease liabilities	285	269
Income tax liabilities	112	131
Deferred income taxes	143	268
Total liabilities	15,173	16,557
Commitments and contingencies
Jabil Inc. stockholders’ equity:
Preferred stock, $0.001 par value, authorized 10,000,000 shares; no shares issued and no shares outstanding	0	0
Common stock, $0.001 par value, authorized 500,000,000 shares; 276,079,193 and 273,949,811 shares issued and 118,720,679 and 131,294,422 shares outstanding as of May 31, 2024 and August 31, 2023, respectively	0	0
Additional paid-in capital	2,881	2,795
Retained earnings	5,632	4,412
Accumulated other comprehensive loss	(18)	(17)
Treasury stock at cost, 157,358,514 and 142,655,389 shares as of May 31, 2024 and August 31, 2023, respectively	(6,219)	(4,324)
Total Jabil Inc. stockholders’ equity	2,276	2,866
Noncontrolling interests	0	1
Total equity	2,276	2,867
Total liabilities and equity	$ 17,449	$ 19,424