XML 50 R38.htm IDEA: XBRL DOCUMENT v3.24.2
Concentration of Risk and Segment Data (Tables)
 9 Months Ended
May 31, 2024
Segment Reporting [Abstract]  
Schedule of Segment Income
The following table sets forth operating segment information (in millions):
 Three months endedNine months ended
 May 31, 2024May 31, 2023May 31, 2024May 31, 2023
Segment income and reconciliation of income before income tax
EMS$195 $226 $505 $629 
DMS155 178 682 627 
Total segment income$350 $404 $1,187 $1,256 
Reconciling items:
Amortization of intangibles(12)(7)(27)(24)
Stock-based compensation expense and related charges(3)(18)(72)(80)
Restructuring, severance and related charges(1)
(55)— (252)(45)
Business interruption and impairment charges, net(2)
(14)— (14)— 
Gain from the divestiture of businesses(3)
— — 944 — 
Acquisition and divestiture related charges(3)
(3)— (64)— 
Other expense (net of periodic benefit cost)(24)(22)(72)(61)
Interest expense, net(38)(51)(132)(154)
Income before income tax$201 $306 $1,498 $892 
(1)Charges recorded during the three months and nine months ended May 31, 2024, related to the 2024 Restructuring Plan. Charges recorded during the nine months ended May 31, 2023, related to headcount reduction to further optimize the Company’s business activities.
(2)Charges recorded during the three months and nine months ended May 31, 2024, related to costs associated with product quality liabilities, which is classified as a component of cost of revenue and selling, general and administrative expenses in the Condensed Consolidated Statements of Operations.
(3)The Company completed the divestiture of its mobility business and recorded a pre-tax gain of $944 million, subject to certain post-closing adjustments that are still being finalized. The Company incurred transaction and disposal costs in connection with the sale of approximately $64 million during the nine months ended May 31, 2024.
Schedule of Revenues Disaggregated by Segment
The following table presents the Company’s revenues disaggregated by segment (in millions):
Three months ended
May 31, 2024May 31, 2023
EMSDMSTotalEMSDMSTotal
Timing of transfer
Point in time$1,172 $559 $1,731 $1,120 $1,351 $2,471 
Over time2,225 2,809 5,034 3,010 2,994 6,004 
Total$3,397 $3,368 $6,765 $4,130 $4,345 $8,475 
Nine months ended
May 31, 2024May 31, 2023
EMSDMSTotalEMSDMSTotal
Timing of transfer
Point in time$3,473 $3,346 $6,819 $3,925 $5,047 $8,972 
Over time6,847 8,253 15,100 8,802 8,470 17,272 
Total$10,320 $11,599 $21,919 $12,727 $13,517 $26,244 
Schedule of Foreign Source Revenue The following table sets forth, for the periods indicated, foreign source revenue expressed as a percentage of net revenue:
Three months endedNine months ended
 
May 31, 2024(1)
May 31, 2023
May 31, 2024(1)
May 31, 2023
Foreign source revenue80.5 %86.9 %83.4 %85.6 %
(1)Decrease from prior periods is driven by the divestiture of the mobility business during the three months ended February 29, 2024.