| Schedule of Recognized Stock-based Compensation Expense |
The Company recognized stock-based compensation expense within selling, general and administrative expense as follows (in millions):
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Three months ended |
| Six months ended |
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February 28, 2022 |
| February 28, 2021 |
| February 28, 2022 |
| February 28, 2021 |
Restricted stock units |
$ |
12 |
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| $ |
20 |
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| $ |
44 |
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| $ |
52 |
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| Employee stock purchase plan |
4 |
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| 3 |
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| 7 |
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| 5 |
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| Total |
$ |
16 |
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| $ |
23 |
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| $ |
51 |
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| $ |
57 |
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| Schedule of Common Stock Outstanding |
The following represents the common stock outstanding for the periods indicated:
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| Three months ended |
| Six months ended |
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| February 28, 2022 |
| February 28, 2021 |
| February 28, 2022 |
| February 28, 2021 |
Common stock outstanding: |
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Beginning balances |
144,166,009 |
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| 150,471,570 |
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| 144,496,077 |
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| 150,330,358 |
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Shares issued under employee stock purchase plan |
520,483 |
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| 771,548 |
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| 520,483 |
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| 771,548 |
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Vesting of restricted stock |
28,243 |
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| 24,054 |
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| 2,453,715 |
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| 2,241,136 |
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Purchases of treasury stock under employee stock plans |
(9,719) |
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| (8,873) |
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| (700,274) |
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| (610,279) |
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Treasury shares purchased(1) |
(2,312,881) |
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| (1,891,798) |
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| (4,377,866) |
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| (3,366,262) |
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Ending balances |
142,392,135 |
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| 149,366,501 |
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| 142,392,135 |
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| 149,366,501 |
| (1)In July 2021, the Board of Directors approved an authorization for the repurchase of up to $1.0 billion of the Company’s common stock (the “2022 Share Repurchase Program”). As of February 28, 2022, 5.1 million shares had been repurchased for $314 million and $686 million remains available under the 2022 Share Repurchase Program.
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