Notes Payable and Long-Term Debt (Tables)

6 Months Ended

Feb. 28, 2026

Debt Disclosure [Abstract]

Schedule of Notes Payable and Long-term Debt

Notes payable and long-term debt outstanding as of February 28, 2026, and August 31, 2025, are summarized below (in millions): 

	Maturity Date	February 28, 2026		August 31, 2025
3.950% Senior Notes	Jan 12, 2028	$	499	$	499
3.600% Senior Notes	Jan 15, 2030	498		498
3.000% Senior Notes	Jan 15, 2031	595		595
1.700% Senior Notes(1)	Apr 15, 2026	500		499
4.250% Senior Notes	May 15, 2027	498		497
5.450% Senior Notes	Feb 1, 2029	298		297
4.200% Senior Notes(1)	Feb 1, 2029	497		—
4.750% Senior Notes(1)	Feb 1, 2033	491		—
Borrowings under credit facilities(2)	Jun 18, 2030	—		—
Total notes payable and long-term debt		3,876		2,885
Less current installments of notes payable and long-term debt		500		499
Notes payable and long-term debt, less current installments		$	3,376	$	2,386

(1)On January 23, 2026, the Company issued $500 million aggregate principal amount of 4.200% Senior Notes due 2029 (the “4.200% Senior Notes”) and $500 million aggregate principal amount of 4.750% Senior Notes due 2033 (the “4.750% Senior Notes”) in an underwritten public offering. The Company intends to use the net proceeds for general corporate purposes, including the repayment of the $500 million aggregate principal amount of 1.700% Senior Notes due in April 2026.

(2)As of February 28, 2026, the Company had $4.2 billion in available unused borrowing capacity under its revolving credit facilities, of which $3.2 billion was available under the senior unsecured credit agreement dated June 18, 2025 (the “Revolving Credit Facility”). The Revolving Credit Facility acts as the back-up facility for commercial paper outstanding, if any. The Company has a borrowing capacity of up to $3.2 billion under its commercial paper program.