Restructuring, Severance and Related Charges (Tables)

6 Months Ended

Feb. 28, 2025

Restructuring and Related Activities [Abstract]

Schedule of Restructuring, Severance and Related Charges and Liability Activity

Following is a summary of the Company’s restructuring, severance, and related charges (in millions):

	Three months ended				Six months ended
	February 28, 2025(1)		February 29, 2024(2)		February 28, 2025(1)		February 29, 2024(2)
Employee severance and benefit costs	$	18	$	28	$	45	$	123
Lease costs	1		1		4		1
Asset write-off costs	4		33		27		55
Other costs	22		8		52		18
Total restructuring, severance and related charges(3)	$	45	$	70	$	128	$	197

(1)Primarily relates to the 2025 Restructuring Plan.

(2)Primarily relates to the 2024 Restructuring Plan.

(3)Except for asset write-off costs, all restructuring, severance and related charges are cash costs.

The following table presents the Company’s restructuring, severance, and related charges disaggregated by segment (in millions):

	Three months ended				Six months ended
	February 28, 2025		February 29, 2024		February 28, 2025		February 29, 2024
Total restructuring, severance and related charges:
Regulated Industries	$	3	$	4	$	24	$	36
Intelligent Infrastructure	21		11		50		40
Connected Living and Digital Commerce	(1)		31		5		78
Non-allocated charges	22		24		49		43
Total	$	45	$	70	$	128	$	197

The table below summarizes the Company’s liability activity, primarily associated with the 2025 Restructuring Plan (in millions):

	Employee Severance and Benefit Costs		Lease Costs		Asset Write-off Costs		Other Related Costs		Total
Balance as of August 31, 2024	$	—	$	—	$	—	$	—	$	—
Restructuring related charges	44		3		21		48		116
Asset write-off charge and other non-cash activity	—		—		(21)		(22)		(43)
Cash payments	(28)		(3)		—		(8)		(39)
Balance as of February 28, 2025	$	16	$	—	$	—	$	18	$	34

The table below summarizes the Company’s liability activity, primarily associated with the 2024 Restructuring Plan (in millions):

	Employee Severance and Benefit Costs		Lease Costs		Asset Write-off Costs		Other Related Costs		Total
Balance as of August 31, 2024	$	66	$	1	$	—	$	5	$	72
Restructuring related charges	1		1		6		4		12
Asset write-off charge and other non-cash activity	—		—		(6)		—		(6)
Cash payments	(44)		—		—		(6)		(50)
Balance as of February 28, 2025	$	23	$	2	$	—	$	3	$	28