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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Aug. 31, 2024
Aug. 31, 2023
Aug. 31, 2022
Cash flows provided by operating activities:      
Net income $ 1,388 $ 818 $ 996
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 696 924 925
Restructuring and related charges 95 5 (1)
Recognition of stock-based compensation expense and related charges 89 95 81
Deferred income taxes (64) 85 (13)
Gain from the divestiture of businesses (942) 0 0
Other, net (18) 13 10
Change in operating assets and liabilities, exclusive of net assets acquired:      
Accounts receivable (200) 267 (878)
Contract assets (32) 171 (214)
Inventories 1,179 370 (1,725)
Prepaid expenses and other current assets (587) (214) (367)
Other assets 6 53 (29)
Accounts payable, accrued expenses and other liabilities 106 (853) 2,866
Net cash provided by operating activities 1,716 1,734 1,651
Cash flows provided by (used in) investing activities:      
Acquisition of property, plant and equipment (784) (1,030) (1,385)
Proceeds and advances from sale of property, plant and equipment 123 322 544
Cash paid for business and intangible asset acquisitions, net of cash (90) (29) (18)
Proceeds from the divestiture of businesses 2,108 50 0
Other, net (6) (36) 1
Net cash provided by (used in) investing activities 1,351 (723) (858)
Cash flows used in financing activities:      
Borrowings under debt agreements 1,992 4,047 3,767
Payments toward debt agreements (2,103) (4,204) (3,890)
Payments to acquire treasury stock (2,500) (487) (696)
Dividends paid to stockholders (42) (45) (48)
Net proceeds from exercise of stock options and issuance of common stock under employee stock purchase plan 58 51 45
Treasury stock minimum tax withholding related to vesting of restricted stock (68) (36) (44)
Other, net (5) (6) (22)
Net cash used in financing activities (2,668) (680) (888)
Effect of exchange rate changes on cash and cash equivalents (2) (5) 6
Net increase (decrease) in cash and cash equivalents 397 326 (89)
Cash and cash equivalents at beginning of period 1,804 1,478 1,567
Cash and cash equivalents at end of period 2,201 1,804 1,478
Supplemental disclosure information:      
Interest paid, net of capitalized interest 167 211 150
Income taxes paid, net of refunds received $ 502 $ 319 $ 209