Goodwill and Other Intangible Assets

3 Months Ended

Nov. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets

The following table presents the changes in goodwill allocated to the Company’s reportable segments during the three months ended November 30, 2025 (in millions):

	Regulated Industries		Intelligent Infrastructure		Connected Living and Digital Commerce		Total
Balance as of August 31, 2025	$	673	$	76	$	92	$	841
Acquisitions and adjustments(1)	—		47		—		47
Change in foreign currency exchange rates	(1)		—		—		(1)
Balance as of November 30, 2025	$	672	$	123	$	92	$	887

(1)In connection with the acquisition of Rebound Technologies Group Holdings Limited (“Rebound Technologies”) during the fiscal year 2026. See Note 15 – “Business Acquisitions and Divestitures” for additional information.

The following table is a summary of the Company’s gross goodwill balances and accumulated impairments as of the periods indicated (in millions):

	November 30, 2025				August 31, 2025
	Gross Carrying Amount		Accumulated Impairment		Gross Carrying Amount		Accumulated Impairment
Goodwill	$	1,907	$	1,020	$	1,861	$	1,020

The following table presents the Company’s total purchased intangible assets as of the periods indicated (in millions):

	Weighted Average Amortization Period (in years)	November 30, 2025(1)						August 31, 2025
		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Contractual agreements and customer relationships	11	$	513	$	(299)	$	214	$	494	$	(292)	$	202
Intellectual property	8	258		(185)		73		240		(182)		58
Finite-lived trade names	2	138		(128)		10		132		(119)		13
Total intangible assets	9	$	909	$	(612)	$	297	$	866	$	(593)	$	273

(1)In connection with the acquisition of Rebound Technologies, the Company acquired $43 million of intangible assets. See Note 15 – “Business Acquisitions and Divestitures” for additional information.

Intangible asset amortization during the three months ended November 30, 2025, and 2024 was approximately $19 million and $13 million, respectively. The estimated future amortization expense is as follows (in millions):

Fiscal Year Ended August 31,
2026	$	40
2027	49
2028	46
2029	36
2030	34
Thereafter	92
Total	$	297