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Accrued Expenses
 3 Months Ended
Nov. 30, 2024
Accrued Liabilities, Current [Abstract]  
Accrued Expenses Accrued Expenses
Accrued expenses consist of the following (in millions):
November 30, 2024August 31, 2024
Inventory deposits$1,450 $1,582 
Contract liabilities(1)
1,077 1,017 
Accrued compensation and employee benefits649 699 
Other accrued expenses2,290 2,201 
Accrued expenses$5,466 $5,499 
(1)Revenue recognized during the three months ended November 30, 2024, and 2023 that was included in the contract liability balance as of August 31, 2024, and 2023 was $150 million and $161 million, respectively.