Accrued Expenses (Tables)

9 Months Ended

May 31, 2024

Accrued Liabilities, Current [Abstract]

Schedule of Accrued Expenses

Accrued expenses consist of the following (in millions):

	May 31, 2024		August 31, 2023(2)
Inventory deposits	$	1,564	$	1,839
Contract liabilities(1)	977		886
Accrued compensation and employee benefits	635		743
Other accrued expenses	2,753		2,047
Accrued expenses	$	5,929	$	5,515

(1)Revenue recognized during the three months and nine months ended May 31, 2024 that was included in the contract liability balance as of August 31, 2023 was $116 million and $391 million, respectively. Revenue recognized during the three months and nine months ended May 31, 2023 that was included in the contract liability balance as of August 31, 2022 was $99 million and $353 million, respectively.

(2)Excludes $364 million of accrued expenses classified as held for sale as of August 31, 2023. See Note 15 – “Business Acquisitions and Divestitures” for additional information.