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Concentration of Risk and Segment Data (Tables)
 6 Months Ended
Feb. 28, 2025
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
February 28, 2025February 29, 2024
Point in timeOver timeTotalPoint in timeOver timeTotal
Regulated Industries$133 $2,608 $2,741 $114 $2,870 $2,984 
Intelligent Infrastructure1,217 1,430 2,647 1,200 1,044 2,244 
Connected Living and Digital Commerce(1)
365 975 1,340 665 874 1,539 
Total$1,715 $5,013 $6,728 $1,979 $4,788 $6,767 
Six months ended
February 28, 2025February 29, 2024
Point in timeOver timeTotalPoint in timeOver timeTotal
Regulated Industries$268 $5,430 $5,698 $246 $5,930 $6,176 
Intelligent Infrastructure2,323 2,820 5,143 2,277 2,335 4,612 
Connected Living and Digital Commerce(1)
820 2,061 2,881 2,565 1,801 4,366 
Total$3,411 $10,311 $13,722 $5,088 $10,066 $15,154 
(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 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
Six months ended(1)
 
February 28, 2025
February 29, 2024
February 28, 2025
February 29, 2024
Foreign source revenue77.0 %82.5 %78.9 %84.7 %
(1)Decrease 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 endedSix months ended
 February 28, 2025February 29, 2024February 28, 2025February 29, 2024
Segment income and reconciliation of income before income tax
Regulated Industries$132 $138 $270 $286 
Intelligent Infrastructure141 94 261 206 
Connected Living and Digital Commerce61106 150 345 
Total segment income$334 $338 $681 $837 
Reconciling items:
Amortization of intangibles(15)(9)(28)(15)
Stock-based compensation expense and related charges(21)(23)(65)(69)
Restructuring, severance and related charges(1)
(45)(70)(128)(197)
Business interruption and impairment charges, net(2)
— — (9)— 
Gain from the divestiture of businesses(3)
— 944 — 944 
Acquisition and divestiture related charges(3)
(8)(46)(8)(61)
Other expense (net of periodic benefit cost)(24)(25)(45)(48)
Interest expense, net(37)(47)(75)(94)
Income before income tax$184 $1,062 $323 $1,297 
(1)Charges recorded during the three months and six months ended February 28, 2025, and February 29, 2024, primarily related to the 2025 Restructuring Plan and 2024 Restructuring Plan, respectively.
(2)Charges recorded during the six months ended February 28, 2025, 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.
(3)The Company completed the divestiture of the Mobility Business and recorded a pre-tax gain of $944 million, subject to certain post-closing adjustments that were realized in March 2025. The Company incurred transaction and disposal costs in connection with the sale of approximately $46 million and $61 million during the three months and six months ended February 29, 2024, respectively.
Schedule of Segment Assets
February 28, 2025August 31, 2024
Total assets:
Regulated Industries$6,103 $5,855 
Intelligent Infrastructure3,219 2,624 
Connected Living and Digital Commerce2,191 2,297 
Other non-allocated assets5,883 6,575 
Total$17,396 $17,351