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Derivative Financial Instruments and Hedging Activities (Tables)
 9 Months Ended
May 31, 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 dateMay 31, 2024August 31, 2023
September 2023$— $34 
October 2023— 96 
January 2024— 96 
April 2024— 68 
July 2024176 102 
October 2024115 — 
January 2025101 — 
Total$392 $396 
Schedule of Net Gains (Losses) from Forward Contracts Recorded in Consolidated Statements of Operations
The following table presents the net gains (losses) from forward contracts recorded in the Condensed Consolidated Statements of Operations for the periods indicated (in millions):
Derivatives Not Designated as Hedging Instruments Under ASC 815Location of Gain (Loss) on Derivatives Recognized in Net IncomeAmount of Gain (Loss) Recognized in Net Income on Derivatives
Three months endedNine months ended
May 31, 2024May 31, 2023May 31, 2024May 31, 2023
Forward foreign exchange contracts(1)
Cost of revenue$— $(41)$7 $(57)
(1)For the three months and nine months ended May 31, 2024, the Company recognized $1 million and $36 million, respectively, of foreign currency losses in cost of revenue, which are offset by the gains from the forward foreign exchange contracts. For the three months and nine months ended May 31, 2023, the Company recognized $24 million and $20 million, respectively, of foreign currency gains in cost of revenue, which are offset by the losses from the forward foreign exchange contracts.