Concentration of Risk and Segment Data (Tables)

3 Months Ended

Nov. 30, 2024

Segment Reporting [Abstract]

Schedule of Revenues Disaggregated by Segment

The following table presents the Company’s revenues disaggregated by segment (in millions):

	Three months ended
	November 30, 2024						November 30, 2023
	Point in time		Over time		Total		Point in time		Over time		Total
Regulated Industries	$	135	$	2,822	$	2,957	$	132	$	3,060	$	3,192
Intelligent Infrastructure	1,106		1,390		2,496		1,077		1,291		2,368
Connected Living and Digital Commerce(1)	455		1,086		1,541		1,900		927		2,827
Total	$	1,696	$	5,298	$	6,994	$	3,109	$	5,278	$	8,387

(1)Decrease in point in time revenues from the prior period is primarily driven by the divestiture of the Mobility Business during the three months ended February 29, 2024.

Schedule of Segment Income and Reconciliation of Income Before Income Tax

The following tables sets forth operating segment information (in millions):

	Three months ended
	November 30, 2024		November 30, 2023
Segment income and reconciliation of income before income tax
Regulated Industries	$	138	$	148
Intelligent Infrastructure	120		112
Connected Living and Digital Commerce	89		239
Total segment income	$	347	$	499
Reconciling items:
Amortization of intangibles	(13)		(6)
Stock-based compensation expense and related charges	(44)		(46)
Restructuring, severance and related charges(1)	(83)		(127)
Business interruption and impairment charges, net(2)	(9)		—
Acquisition and divestiture related charges	—		(15)
Other expense (net of periodic benefit cost)	(21)		(23)
Interest expense, net	(38)		(47)
Income before income tax	$	139	$	235

(1)Charges recorded during the three months ended November 30, 2024 and 2023, primarily related to the 2025 Restructuring Plan and 2024 Restructuring Plan, respectively.

(2)Charges recorded during the three months ended November 30, 2024, relate primarily to costs associated with damage from Hurricanes Helene and Milton, which impacted our operations in St. Petersburg, Florida and Asheville and Hendersonville, North Carolina.

Schedule of Segment Assets

	November 30, 2024		August 31, 2024
Total assets:
Regulated Industries	$	5,878	$	5,855
Intelligent Infrastructure	2,991		2,624
Connected Living and Digital Commerce	2,242		2,297
Other non-allocated assets	6,660		6,575
Total	$	17,771	$	17,351

Schedule of Foreign Source Revenue

The following table sets forth, for the periods indicated, foreign source revenue expressed as a percentage of net revenue:

	Three months ended
	November 30, 2024(1)		November 30, 2023
Foreign source revenue	80.8	%	86.4	%

(1)Decrease from the prior period is primarily driven by the divestiture of the Mobility Business during the three months ended February 29, 2024.