Stockholders' Equity (Tables)

3 Months Ended

Nov. 30, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Recognized Stock-based Compensation Expense

The Company recognized stock-based compensation expense within selling, general and administrative expense as follows (in millions):

	Three months ended
	November 30, 2024		November 30, 2023
Restricted stock units	$	40	$	42
Employee stock purchase plan	4		4
Total	$	44	$	46

Schedule of Share-based Compensation Information

The following represents the stock-based compensation information as of the period indicated (in millions):

	November 30, 2024
Unrecognized stock-based compensation expense – restricted stock units	$	99
Remaining weighted-average period for restricted stock units expense	1.6 years

Schedule of Common Stock Outstanding

The following represents the common stock outstanding for the periods indicated:

	Three months ended
	November 30, 2024	November 30, 2023
Common stock outstanding:
Beginning balances	113,744,167	131,294,422
Vesting of restricted stock	1,082,612	1,766,775
Purchases of treasury stock under employee stock plans	(323,000)	(526,028)
Treasury shares purchased	(2,810,720)	(3,887,738)
Ending balances	111,693,059	128,647,431

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 Date	Amount Authorized		Shares Repurchased	Total Cash Utilized		Remaining Authorization		Authorization Completion Date
2022 Share Repurchase Program	Q4 FY 2021	$	1,000	16.5	$	1,000	$	—	Q2 FY 2023
2023 Share Repurchase Program	Q1 FY 2023	$	1,000	2.7	$	224	(1)		Q4 FY 2023
Amended 2023 Share Repurchase Program(2)	Q1 FY 2024	$	2,500	20.4	$	2,500	$	—	Q1 FY 2025
2025 Share Repurchase Program(3)	Q1 FY 2025	$	1,000	4.3	$	636	$	364

(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)In September 2024, an ASR transaction was completed, and 1.0 million additional shares were delivered under the Q4 FY 2024 ASR agreements. As of November 30, 2024, no authorization remained under the amended 2023 Share Repurchase Program.

(3)As of January 2, 2025, 4.3 million shares had been repurchased for $636 million and $364 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):

	Three months ended
	November 30, 2024			November 30, 2023
	Shares	Cost		Shares	Cost
Open market share repurchases(1)	1.8	$	232	0.0	$	—

(1)As of November 30, 2024, $768 million remains available under the 2025 Share Repurchase Program.

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 Date	Agreement Settlement Date	Agreement Amount		Initial Shares Delivered	Additional Shares Delivered	Total Shares Delivered	Average Price Paid Per Share
Q1 FY 2024	Q1 FY 2024	$	500	3.3	0.6	3.9	$	128.61
Q4 FY 2024	Q1 FY 2025	$	555	4.2	1.0	5.2	$	107.08
Q2 FY 2025	Q3 FY 2025	$	310	1.8	(1)	(1)	$	145.00

(1)In December 2024, as part of the 2025 Share Repurchase Program, the Company entered into ASR agreements to repurchase $310 million, excluding excise tax, of the Company’s common stock. Under the ASR agreements, the Company made payments of $310 million to participating financial institutions and received an initial delivery of shares of common stock. The delivery of any remaining shares will occur at the final settlement of the transactions under the ASR agreements.