CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Feb. 28, 2022
Aug. 31, 2021
Current assets:    
Cash and cash equivalents $ 1,093 $ 1,567
Accounts receivable, net of allowance for doubtful accounts 3,229 3,141
Contract assets 1,236 998
Inventories, net 5,395 4,414
Prepaid expenses and other current assets 914 757
Total current assets 11,867 10,877
Property, plant and equipment, net of accumulated depreciation of $5,328 as of February 28, 2022 and $5,033 as of August 31, 2021 3,784 4,075
Operating lease right-of-use asset 470 390
Goodwill 719 715
Intangible assets, net of accumulated amortization of $457 as of February 28, 2022 and $442 as of August 31, 2021 176 182
Deferred income taxes 167 176
Other assets 247 239
Total assets 17,430 16,654
Current liabilities:    
Current installments of notes payable and long-term debt 501 0
Accounts payable 6,868 6,841
Accrued expenses 4,231 3,734
Current operating lease liabilities 114 108
Total current liabilities 11,714 10,683
Notes payable and long-term debt, less current installments 2,380 2,878
Other liabilities 302 334
Non-current operating lease liabilities 401 333
Income tax liabilities 176 178
Deferred income taxes 119 111
Total liabilities 15,092 14,517
Commitments and contingencies
Jabil Inc. stockholders’ equity:    
Preferred stock, $0.001 par value, authorized 10,000,000 shares; no shares issued and no shares outstanding 0 0
Common stock, $0.001 par value, authorized 500,000,000 shares; 270,392,290 and 267,418,092 shares issued and 142,392,135 and 144,496,077 shares outstanding as of February 28, 2022 and August 31, 2021, respectively 0 0
Additional paid-in capital 2,608 2,533
Retained earnings 3,127 2,688
Accumulated other comprehensive loss (22) (25)
Treasury stock at cost, 128,000,155 and 122,922,015 shares as of February 28, 2022 and August 31, 2021, respectively (3,376) (3,060)
Total Jabil Inc. stockholders’ equity 2,337 2,136
Noncontrolling interests 1 1
Total equity 2,338 2,137
Total liabilities and equity $ 17,430 $ 16,654