Accumulated Other Comprehensive Income (Tables)

9 Months Ended

May 31, 2024

Equity [Abstract]

Schedule of Changes in AOCI

The following table sets forth the changes in AOCI, net of tax, by component for the nine months ended May 31, 2024 (in millions):

	Foreign Currency Translation Adjustment		Net Investment Hedges		Derivative Instruments		Actuarial Gain (Loss)		Prior Service (Cost) Credit		Total
Balance as of August 31, 2023	$	(59)	$	(4)	$	14	$	46	$	(14)	$	(17)
Other comprehensive (loss) income before reclassifications	(5)		5		(4)		—		—		(4)
Amounts reclassified from AOCI	(2)		(4)		13		(7)		3		3
Other comprehensive (loss) income(1)	(7)		1		9		(7)		3		(1)
Balance as of May 31, 2024	$	(66)	$	(3)	$	23	$	39	$	(11)	$	(18)

(1)Amounts are net of tax, which are immaterial.

Schedule of Reclassification from AOCI

The following table sets forth the amounts reclassified from AOCI into the Condensed Consolidated Statements of Operations, and the associated financial statement line item, net of tax, for the periods indicated (in millions):

		Three months ended				Nine months ended
Comprehensive Income Components	Financial Statement Line Item	May 31, 2024		May 31, 2023		May 31, 2024		May 31, 2023
Realized gains on foreign currency translation	Gain from the divestiture of businesses	$	—	$	—	$	(2)	$	—
Realized gains on net investment hedges	Gain from the divestiture of businesses	—		—		(4)		—
Realized (gains) losses on derivative instruments:(1)
Foreign exchange contracts	Cost of revenue	—		(7)		15		37
Interest rate contracts	Interest expense, net	(1)		(1)		(2)		(1)
Realized (gains) losses on pension and postretirement plans:
Actuarial gains	(2)	(2)		(4)		(7)		(11)
Prior service costs	(2)	1		1		3		3
Total amounts reclassified from AOCI(3)		$	(2)	$	(11)	$	3	$	28

(1)The Company expects to reclassify $3 million into earnings during the next twelve months, which will primarily be classified as a component of cost of revenue.

(2)Amounts are included in the computation of net periodic benefit cost. Refer to Note 7 – “Postretirement and Other Employee Benefits” for additional information.

(3)Amounts are net of tax, which are immaterial for the three months and nine months ended May 31, 2024 and 2023.