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Stockholders' Equity (Tables)
 12 Months Ended
Aug. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Recognized Stock-Based Compensation
The Company recognized stock-based compensation expense within selling, general and administrative expense as follows (in millions):
 Fiscal Year Ended August 31,
 202420232022
Restricted stock units(1)
$70 $81 $67 
Employee stock purchase plan19 14 14 
Total$89 $95 $81 
(1)During the fiscal year ended August 31, 2024, the Company recorded a $13 million reversal to stock-based compensation expense primarily due to forfeitures of time-based, performance-based and market-based restricted stock awards.
Schedule of Shares Available for Issuance
Following is a reconciliation of the shares available to be issued under the 2021 EIP as of August 31, 2024:
 Shares Available for Grant
Balance as of August 31, 2023
8,463,733 
Restricted stock units granted, net of forfeitures(1)
(425,401)
Balance as of August 31, 2024
8,038,332 
 
(1)Represents the maximum number of shares that can be issued based on the achievement of certain performance criteria.
Schedule of Restricted Stock Activity
The following table summarizes restricted stock units activity from August 31, 2023 through August 31, 2024:
SharesWeighted-Average
Grant-Date
Fair Value
Outstanding as of August 31, 2023
3,908,753 $58.70 
Changes during the period
Shares granted(1)
809,015 $144.79 
Shares vested(1,802,380)$46.99 
Shares forfeited(383,614)$97.60 
Outstanding as of August 31, 2024
2,531,774 $91.51 
(1)For those shares granted that are based on the achievement of certain performance criteria, the amount represents the maximum number of shares that can vest. During the fiscal year ended August 31, 2024, the Company awarded approximately 0.5 million time-based restricted stock units, 0.1 million performance-based restricted stock units and 0.1 million market-based restricted stock units based on target performance criteria.
Schedule of Share-based Compensation Information
The following table represents the restricted stock units stock-based compensation information for the periods indicated (in millions):
 Fiscal Year Ended August 31,
 202420232022
Fair value of restricted stock units vested$85 $93 $72 
Tax benefit for stock compensation expense(1)
$3 $2 $2 
Unrecognized stock-based compensation expense — restricted stock units$47 
Remaining weighted-average period for restricted stock units expense1.4 years
 
(1)Classified as income tax expense within the Consolidated Statements of Operations.
Schedule of Weighted Average Assumptions Used in Black-Scholes Option Pricing Model
The fair value of shares issued under the ESPP was estimated on the commencement date of each offering period using the Black-Scholes option pricing model. The following weighted-average assumptions were used in the model for each respective period:
 Fiscal Year Ended August 31,
 202420232022
Expected dividend yield0.1 %0.3 %0.3 %
Risk-free interest rate5.4 %3.4 %0.1 %
Expected volatility(1)
34.1 %37.4 %29.6 %
Expected life0.5 years0.5 years0.5 years
(1)The expected volatility was estimated using the historical volatility derived from the Company’s common stock.
Schedule of Cash Dividends Declared to Common Stockholders
The following table sets forth certain information relating to the Company’s cash dividends declared to common stockholders during fiscal years 2024 and 2023:
(in millions, except for per share data)Dividend
Declaration Date		Dividend
per Share		Total of Cash
Dividends
Declared		Date of Record for
Dividend Payment		Dividend Cash
Payment Date
Fiscal Year 2024
October 19, 2023$0.08 $11 November 15, 2023December 4, 2023
January 25, 2024$0.08 $10 February 15, 2024March 4, 2024
April 17, 2024$0.08 $9 May 15, 2024June 4, 2024
July 18, 2024$0.08 $10 August 15, 2024September 4, 2024
Fiscal Year 2023
October 20, 2022$0.08 $12 November 15, 2022December 2, 2022
January 26, 2023$0.08 $10 February 15, 2023March 2, 2023
April 20, 2023$0.08 $11 May 15, 2023June 2, 2023
July 20, 2023$0.08 $11 August 15, 2023September 5, 2023
Schedule of Common Stock Outstanding
The following represents the common stock outstanding for the fiscal year ended:
Fiscal Year Ended August 31,
202420232022
Common stock outstanding:
Beginning balances
131,294,422 135,493,980 144,496,077 
Shares issued under employee stock purchase plan
628,960 1,043,294 970,480 
Vesting of restricted stock
1,802,380 2,014,802 2,503,143 
Purchases of treasury stock under employee stock plans
(537,318)(571,606)(713,667)
Treasury shares purchased(19,444,277)(6,686,048)(11,762,053)
Ending balances
113,744,167 131,294,422 135,493,980 
Schedule of Repurchase of Common Stock under Share Repurchase Program and Common Stock Repurchased through Open Market
The Company repurchases shares of its common stock under share repurchase programs authorized by the Company’s Board of Directors. The following Board approved share repurchase programs were executed through a combination of open market transactions and accelerated share repurchase (“ASR”) agreements (in millions):
Board Approval DateAmount AuthorizedShares RepurchasedTotal Cash UtilizedRemaining AuthorizationAuthorization Completion Date
2022 Share Repurchase ProgramQ4 FY 2021$1,000 16.5$1,000 $— Q2 FY 2023
2023 Share Repurchase ProgramQ1 FY 2023$1,000 2.7$224 
(1)
Q4 FY 2023
Amended 2023 Share Repurchase ProgramQ1 FY 2024$2,500 20.4$2,500 $— Q1 FY 2025
2025 Share Repurchase Program(2)
Q1 FY 2025$1,000 0.7$84 $916 
(1)In September 2023, the Board of Directors amended and increased the 2023 Share Repurchase Program to allow for the repurchase of up to $2.5 billion of the Company’s common stock.
(2)As of October 21, 2024, 0.7 million shares had been repurchased for $84 million and $916 million remains available under the 2025 Share Repurchase Program.
In addition, the Company repurchased shares of its common stock through the open market as follows (in millions):
Fiscal Year Ended August 31,
202420232022
SharesCostSharesCostSharesCost
Open market share repurchases11.3$1,445 6.7$487 11.8$696 
Schedule of Accelerated Share Repurchases Agreement
The terms of ASR agreements, structured as outlined above, were as follows (in millions, except average price):
Agreement Execution DateAgreement Settlement DateAgreement AmountInitial Shares DeliveredAdditional Shares DeliveredTotal Shares DeliveredAverage Price Paid Per Share
Q1 FY 2024Q1 FY 2024$500 3.30.63.9$128.61 
Q4 FY 2024Q1 FY 2025$555 4.21.05.2$107.08