Restructuring, Severance and Related Charges (Tables)

9 Months Ended

May 31, 2024

Restructuring and Related Activities [Abstract]

Schedule of Restructuring, Severance and Related Charges and Liability Activity

Following is a summary of the Company’s restructuring, severance and related charges (in millions):

	Three months ended				Nine months ended
	May 31, 2024(1)		May 31, 2023(2)		May 31, 2024(1)		May 31, 2023(2)
Employee severance and benefit costs	$	33	$	—	$	156	$	36
Lease costs	1		—		2		—
Asset write-off costs	17		—		72		5
Other costs	4		—		22		4
Total restructuring, severance and related charges(3)	$	55	$	—	$	252	$	45

(1)Primarily relates to the 2024 Restructuring Plan.

(2)Primarily relates to headcount reduction to further optimize the Company’s business activities.

(3)Includes $23 million and $0 million recorded in the EMS segment, $15 million and $0 million recorded in the DMS segment and $17 million and $0 million of non-allocated charges for the three months ended May 31, 2024 and 2023, respectively. Includes $63 million and $4 million recorded in the EMS segment, $129 million and $33 million recorded in the DMS segment and $60 million and $8 million of non-allocated charges for the nine months ended May 31, 2024 and 2023, respectively. Except for asset write-off costs, all restructuring, severance and related charges are cash costs.

The table below summarizes the Company’s liability activity, primarily associated with the 2024 Restructuring Plan (in millions):

	Employee  Severance and Benefit Costs		Lease Costs		Asset Write-off Costs		Other Related Costs		Total
Balance as of August 31, 2023	$	—	$	—	$	—	$	—	$	—
Restructuring related charges	156		2		72		22		252
Asset write-off charge and other non-cash activity	2		—		(72)		(5)		(75)
Cash payments	(91)		(1)		—		(9)		(101)
Balance as of May 31, 2024	$	67	$	1	$	—	$	8	$	76