v3.25.2
Concentration of Risk and Segment Data (Tables)
 9 Months Ended
May 31, 2025
Segment Reporting [Abstract]  
Schedule of Revenues Disaggregated by Segment
The following table presents the Company’s revenues disaggregated by segment (in millions):
Three months ended
May 31, 2025May 31, 2024
Point in timeOver timeTotalPoint in timeOver timeTotal
Regulated Industries$96 $2,960 $3,056 $168 $2,877 $3,045 
Intelligent Infrastructure1,870 1,563 3,433 1,166 1,111 2,277 
Connected Living and Digital Commerce404 935 1,339 397 1,046 1,443 
Total$2,370 $5,458 $7,828 $1,731 $5,034 $6,765 
Nine months ended
May 31, 2025May 31, 2024
Point in timeOver timeTotalPoint in timeOver timeTotal
Regulated Industries$364 $8,390 $8,754 $414 $8,807 $9,221 
Intelligent Infrastructure4,193 4,383 8,576 3,443 3,446 6,889 
Connected Living and Digital Commerce(1)
1,224 2,996 4,220 2,962 2,847 5,809 
Total$5,781 $15,769 $21,550 $6,819 $15,100 $21,919 
(1)Decrease in point in time revenues from the prior period is primarily driven by the divestiture of the Mobility Business during the three months ended February 29, 2024.
Schedule of Foreign Source Revenue The following table sets forth, for the periods indicated, foreign source revenue expressed as a percentage of net revenue:
Three months ended
Nine months ended
 
May 31, 2025
May 31, 2024
May 31, 2025
May 31, 2024
Foreign source revenue72.5 %80.5 %76.6 %83.4 %
Schedule of Segment Income and Reconciliation of Income Before Income Tax
The following tables sets forth operating segment information (in millions):
 Three months endedNine months ended
 May 31, 2025May 31, 2024May 31, 2025May 31, 2024
Segment income and reconciliation of income before income tax
Regulated Industries$168 $183 $438 $469 
Intelligent Infrastructure181 121 442 327 
Connected Living and Digital Commerce71 46 221 391 
Total segment income$420 $350 $1,101 $1,187 
Reconciling items:
Amortization of intangibles(17)(12)(45)(27)
Stock-based compensation expense and related charges(19)(3)(84)(72)
Restructuring, severance and related charges(1)
(16)(55)(144)(252)
Business interruption and impairment charges, net(2)
(1)(14)(10)(14)
Gain from the divestiture of businesses(3)
45 — 45 944 
Acquisition and divestiture related charges(3)
(9)(3)(17)(64)
Loss on securities(4)
(46)— (46)— 
Other expense (net of periodic benefit cost)(30)(24)(75)(72)
Interest expense, net(37)(38)(112)(132)
Income before income tax$290 $201 $613 $1,498 
(1)Charges recorded during the three months and nine months ended May 31, 2025, and May 31, 2024, primarily related to the 2025 Restructuring Plan and 2024 Restructuring Plan, respectively.
(2)Charges recorded during the nine months ended May 31, 2025, relate primarily to costs associated with damage from Hurricanes Helene and Milton, which impacted our operations in St. Petersburg, Florida, and Asheville and Hendersonville, North Carolina. Charges recorded during the three months and nine months ended May 31, 2024, related to costs associated with product quality liabilities. Charges recorded during the three months and nine months ended May 31, 2025, and May 31, 2024, are classified as a component of cost of revenue and selling, general and administrative expenses in the Condensed Consolidated Statements of Operations.
(3)The Company completed the divestiture of the Mobility Business and recorded a pre-tax gain of $944 million during the nine months ended May 31, 2024. Certain post-closing adjustments were realized in March 2025, which resulted in the recognition of a $54 million pre-tax gain during the three months ended May 31, 2025. The Company incurred transaction and disposal costs in connection with the sale of approximately $64 million during the nine months ended May 31, 2024.
(4)Charges recorded during the three months and nine months ended May 31, 2025, relate to an impairment of an investment in Preferred Stock.
Schedule of Segment Assets
May 31, 2025August 31, 2024
Total assets:
Regulated Industries$6,345 $5,855 
Intelligent Infrastructure3,748 2,624 
Connected Living and Digital Commerce2,197 2,297 
Other non-allocated assets6,297 6,575 
Total$18,587 $17,351