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Derivative Financial Instruments and Hedging Activities (Tables)
 12 Months Ended
Aug. 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 of these outstanding contracts are as follows (in millions):
Maturity dateAugust 31, 2024August 31, 2023
September 2023$— $34 
October 2023— 96 
January 2024— 96 
April 2024— 68 
July 2024— 102 
October 2024140 — 
January 2025106 — 
July 202555 — 
January 2026106 — 
Total$407 $396 
Derivative Instruments, Gain (Loss)
The following table sets forth the gains and losses of the Company's derivative instruments designated as cash flow hedges and net investment hedges in OCI, and not designated as hedging instruments in the Consolidated Statements of Operations for the periods presented (in millions):
Fiscal Year Ended August 31,
Financial Statement Line Item202420232022
Derivative instruments designated as cash flow hedges:
(Losses) gains recognized in OCI(1)
$(21)$(25)$1 
Losses (gains) reclassified from AOCI into earnings(1)(2)
Forward foreign exchange contractsCost of revenue$22 $44 $30 
Interest rate contractsInterest expense, net$(3)$(2)$2 
Derivative instruments designated as net investment hedges:
Losses recognized in OCI(1)
$(16)$(4)$— 
Gains reclassified from AOCI into earnings(1)
Gain from the divestiture of businesses$(4)$— $— 
Derivative instruments not designated as hedging instruments:
Gains (losses) recognized in earnings from forward foreign exchange contractsCost of revenue$16 $(111)$(71)
(Losses) gains recognized in earnings from changes in foreign currencyCost of revenue$(52)$58 $87 
(1)Amounts are net of tax, which are immaterial for the fiscal years ended August 31, 2024, 2023, and 2022.
(2)The Company expects to reclassify $8 million into earnings during the next twelve months, which will primarily be classified as a component of cost of revenue.