v3.25.2
Derivative Financial Instruments and Hedging Activities (Tables)
 9 Months Ended
May 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Maturity Date and Aggregate Notional Amount Outstanding of Net Investment Hedges The maturity dates and aggregate notional amount of these outstanding contracts are as follows (in millions):
Maturity dateMay 31, 2025August 31, 2024
October 2024$— $140 
January 2025— 106 
July 2025135 55 
October 2025101 — 
January 2026109 106 
April 202642 — 
Total$387 $407 
Schedule of Net Gains (Losses) from Forward Contracts Recorded in Consolidated Statements of Operations
The following table sets forth the gains and losses of the Company's derivative instruments designated as cash flow hedges and net investment hedges in OCI, and not designated as hedging instruments in the Condensed Consolidated Statements of Operations for the periods presented (in millions):
Three months endedNine months ended
Financial Statement Line ItemMay 31, 2025May 31, 2024May 31, 2025May 31, 2024
Derivative instruments designated as cash flow hedges:
Gains (losses) recognized in OCI(1)
$15 $— $4 $(4)
Gains (losses) reclassified from AOCI into earnings(1)(2)
Forward foreign exchange contractsCost of revenue$— $— $20 $15 
Interest rate contractsInterest expense, net$— $(1)$(2)$(2)
Derivative instruments designated as net investment hedges:
(Losses) gains recognized in OCI(1)
$(36)$5 $(8)$5 
Gains reclassified from AOCI into earnings(1)
Gain from the divestiture of businesses$— $— $— $(4)
Derivative instruments not designated as hedging instruments:
(Losses) gains recognized in earnings from forward foreign exchange contractsCost of revenue$(10)$— $(36)$7 
Gains (losses) recognized in earnings from changes in foreign currencyCost of revenue$1 $(1)$4 $(36)
(1)Amounts are net of tax, which are immaterial for the three months and nine months ended May 31, 2025, and May 31, 2024.
(2)The Company expects to reclassify $16 million into earnings during the next twelve months, which will primarily be classified as a component of cost of revenue.