Accumulated Other Comprehensive Income (Tables)
 6 Months Ended
Feb. 28, 2022
Equity [Abstract]  
Summary of Changes in Accumulated Other Comprehensive (Loss) Income
The following table sets forth the changes in accumulated other comprehensive income (“AOCI”), net of tax, by component for the six months ended February 28, 2022 (in millions):
Foreign
Currency
Translation
Adjustment		 Derivative
Instruments		 Actuarial
Gain (Loss)		 Prior
Service (Cost) Credit		 Total
Balance as of August 31, 2021
 $ (20) $ (36) $ 51  $ (20) $ (25)
Other comprehensive (loss) income before reclassifications (11) 25  —  —  14 
Amounts reclassified from AOCI —  (3) (10) 2  (11)
Other comprehensive (loss) income(1)
 (11) 22  (10) 2  3 
Balance as of February 28, 2022
 $ (31) $ (14) $ 41  $ (18) $ (22)
(1)Amounts are net of tax, which are immaterial.
Summary of Reclassification from AOCI The following table sets forth the amounts reclassified from AOCI into the Condensed Consolidated Statements of Operations, and the associated financial statement line item, net of tax, for the periods indicated (in millions):
  Three months ended Six months ended
Comprehensive Income Components Financial Statement Line Item February 28, 2022 February 28, 2021 February 28, 2022 February 28, 2021
Realized (gains) losses on derivative instruments:(1)
Foreign exchange contracts Cost of revenue $ (6) $ (22) $ (5) $ (39)
Interest rate contracts Interest expense 1  1  2  2 
Actuarial gain
(2)
 (5) —  (10) — 
Prior service cost
(2)
 1  —  2  — 
Total amounts reclassified from AOCI(3)
 $ (9) $ (21) $ (11) $ (37)
(1)The Company expects to reclassify $10 million into earnings during the next twelve months, which will primarily be classified as a component of cost of revenue.
(2)Amounts are included in the computation of net periodic benefit pension cost. Refer to Note 8 – “Postretirement and Other Employee Benefits” for additional information.
(3)Amounts are net of tax, which are immaterial for the three months and six months ended February 28, 2022 and 2021.