v3.26.1
Concentration of Risk and Segment Data (Tables)
 9 Months Ended
May 31, 2026
Segment Reporting [Abstract]  
Segment Reporting
The following tables set forth operating segment information (in millions):
Three months ended
May 31, 2026May 31, 2025
Regulated IndustriesIntelligent InfrastructureConnected Living and Digital CommerceTotalRegulated IndustriesIntelligent InfrastructureConnected Living and Digital CommerceTotal
Point in time$141 $2,053 $499 $2,693 $96 $1,870 $404 $2,370 
Over time3,040 2,116 902 6,058 2,960 1,563 935 5,458 
Net revenue$3,181 $4,169 $1,401 $8,751 $3,056 $3,433 $1,339 $7,828 
Segment expenses$3,001 $3,913 $1,333 $8,247 $2,888 $3,252 $1,268 $7,408 
Segment income$180 $256 $68 $504 $168 $181 $71 $420 
Segment income margin5.6 %6.1 %4.9 %5.8 %5.5 %5.3 %5.3 %5.4 %
Nine months ended
May 31, 2026May 31, 2025
Regulated IndustriesIntelligent InfrastructureConnected Living and Digital CommerceTotalRegulated IndustriesIntelligent InfrastructureConnected Living and Digital CommerceTotal
Point in time$392 $6,736 $1,451 $8,579 $364 $4,193 $1,224 $5,781 
Over time8,888 5,314 2,557 16,759 8,390 4,383 2,996 15,769 
Net revenue$9,280 $12,050 $4,008 $25,338 $8,754 $8,576 $4,220 $21,550 
Segment expenses$8,778 $11,361 $3,805 $23,944 $8,316 $8,134 $3,999 $20,449 
Segment income$502 $689 $203 $1,394 $438 $442 $221 $1,101 
Segment income margin5.4 %5.7 %5.1 %5.5 %5.0 %5.1 %5.2 %5.1 %
Schedule of Segment Income and Reconciliation of Income Before Income Tax
 Three months endedNine months ended
 May 31, 2026May 31, 2025May 31, 2026May 31, 2025
Segment income$504 $420 $1,394 $1,101 
Reconciling items:
Amortization of intangibles(23)(17)(65)(45)
Stock-based compensation expense and related charges(25)(19)(115)(84)
Restructuring, severance and related charges(1)
(7)(16)(88)(144)
Business interruption and impairment charges, net(2)
— (1)— (10)
(Loss) gain from the divestiture of businesses(3)
(1)45 (1)45 
Acquisition and divestiture related charges(4)
(3)(9)(24)(17)
Loss on securities(5)
— (46)— (46)
Other expense (net of periodic benefit cost)(28)(30)(87)(75)
Interest expense, net(51)(37)(128)(112)
Income before income tax$366 $290 $886 $613 
(1)Charges recorded during the three months and nine months ended May 31, 2026, relate to targeted restructuring activities to optimize our cost structure and improve operational efficiencies. Charges recorded during the three months and nine months ended May 31, 2025, primarily related to the 2025 Restructuring Plan.
(2)Charges recorded during the nine months ended May 31, 2025, related 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 are classified as a component of cost of revenue and selling, general and administrative expenses in the Condensed Consolidated Statements of Operations.
(3)Gain recorded during the three months and nine months ended May 31, 2025, related primarily to post-closing adjustments associated with the divestiture of the Mobility Business during fiscal year 2024.
(4)Charges recorded during the nine months ended May 31, 2026, include $8 million of gains on forward foreign exchange contracts in connection with the acquisition of Hanley Energy Group.
(5)Charges recorded during the three months and nine months ended May 31, 2025, related to an impairment of an investment in Preferred Stock.
Schedule of Segment Assets
May 31, 2026August 31, 2025
Total assets:
Regulated Industries$6,335 $6,262 
Intelligent Infrastructure8,775 3,739 
Connected Living and Digital Commerce1,911 2,199 
Other non-allocated assets6,798 6,343 
Total$23,819 $18,543 
Schedules of Concentration of Risk, by Risk Factor 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, 2026
May 31, 2025
May 31, 2026
May 31, 2025
Foreign source revenue75.8 %72.5 %73.8 %76.6 %