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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Aug. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Goodwill Allocated to Reportable Segments and Gross Goodwill Balances and Accumulated Impairments
The following table presents the changes in goodwill allocated to the Company’s reportable segments, Electronics Manufacturing Services (“EMS”) and Diversified Manufacturing Services (“DMS”), during the fiscal years ended August 31, 2024 and 2023 (in millions):
EMSDMSTotal
Balance as of August 31, 2022
$79 $625 $704 
Acquisitions and adjustments— 24 24 
Change in foreign currency exchange rates10 
Goodwill classified as held for sale— (117)(117)
Balance as of August 31, 2023
80 541 621 
Acquisitions and adjustments— 34 34 
Change in foreign currency exchange rates— 
Balance as of August 31, 2024
$80 $581 $661 
The following table is a summary of the Company’s gross goodwill balances and accumulated impairments as of the periods indicated (in millions):
 August 31, 2024August 31, 2023
Gross
Carrying
Amount
Accumulated
Impairment
Gross
Carrying
Amount(1)
Accumulated
Impairment
Goodwill$1,681 $1,020 $1,641 $1,020 
(1)Excludes $117 million of goodwill classified as held for sale. See Note 17 – “Business Acquisitions and Divestitures” for additional information.
Schedule of Indefinite-Lived Intangible Assets
The following table presents the Company’s total purchased intangible assets as of August 31, 2024, and 2023 (in millions):
 Weighted
Average
Amortization
Period
(in years)
August 31, 2024August 31, 2023
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Contractual agreements and customer relationships
12$361 $(270)$91 $320 $(251)$69 
Intellectual property9198 (181)17 198 (177)21 
Finite-lived trade names(1)
2130 (95)35 79 (78)
Trade names(1)
Indefinite— — — 51 — 51 
Total intangible assets10$689 $(546)$143 $648 $(506)$142 
(1)In the second quarter of fiscal year 2024 and in connection with the divestiture of the Mobility Business, the Company made a strategic decision that the indefinite-lived (“Green Point”) trade name acquired during the acquisition of Green Point should no longer be classified as an indefinite-lived intangible asset. See Note 17 – “Business Acquisitions and Divestitures” for additional information.
Schedule of Finite-Lived Intangible Assets
The following table presents the Company’s total purchased intangible assets as of August 31, 2024, and 2023 (in millions):
 Weighted
Average
Amortization
Period
(in years)
August 31, 2024August 31, 2023
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Contractual agreements and customer relationships
12$361 $(270)$91 $320 $(251)$69 
Intellectual property9198 (181)17 198 (177)21 
Finite-lived trade names(1)
2130 (95)35 79 (78)
Trade names(1)
Indefinite— — — 51 — 51 
Total intangible assets10$689 $(546)$143 $648 $(506)$142 
(1)In the second quarter of fiscal year 2024 and in connection with the divestiture of the Mobility Business, the Company made a strategic decision that the indefinite-lived (“Green Point”) trade name acquired during the acquisition of Green Point should no longer be classified as an indefinite-lived intangible asset. See Note 17 – “Business Acquisitions and Divestitures” for additional information.
Schedule of Estimated Future Amortization Expense The estimated future amortization expense is as follows (in millions):
Fiscal Year Ended August 31,
2025
$47 
2026
27 
2027
18 
2028
16 
2029
Thereafter26 
Total$143