Notes Payable and Long-Term Debt (Tables)

3 Months Ended

Nov. 30, 2024

Debt Disclosure [Abstract]

Schedule of Notes Payable and Long-term Debt

Notes payable and long-term debt outstanding as of November 30, 2024, and August 31, 2024, are summarized below (in millions): 

	Maturity Date	November 30, 2024		August 31, 2024
3.950% Senior Notes	Jan 12, 2028	$	498	$	498
3.600% Senior Notes	Jan 15, 2030	497		497
3.000% Senior Notes	Jan 15, 2031	594		594
1.700% Senior Notes	Apr 15, 2026	499		499
4.250% Senior Notes	May 15, 2027	497		496
5.450% Senior Notes	Feb 1, 2029	297		296
Borrowings under credit facilities(1)	Jan 22, 2026 and Jan 22, 2028	—		—
Borrowings under loans	Jul 31, 2026	—		—
Total notes payable and long-term debt		2,882		2,880
Less current installments of notes payable and long-term debt		—		—
Notes payable and long-term debt, less current installments		$	2,882	$	2,880

(1)As of November 30, 2024, the Company has $4.0 billion in available unused borrowing capacity under its revolving credit facilities. The Credit Facility acts as the back-up facility for commercial paper outstanding, if any. The Company has a borrowing capacity of up to $3.2 billion under its commercial paper program.