v3.24.3
Equity method investments (Tables)
 12 Months Ended
Aug. 31, 2024
Equity Method Investments and Joint Ventures [Abstract]  
Equity method investment
Equity method investments as of August 31, 2024 and 2023 were as follows (in millions, except percentages):
 20242023
 Carrying valueOwnership percentageCarrying valueOwnership percentage
Cencora
$1,563 10%$2,534 16%
Others705 
8% - 50%
963 
8% - 50%
Total$2,269  $3,497  
Summarized financial information of equity method investees
Summarized financial information for the Company’s equity method investments in aggregate is as follows:

Balance sheet (in millions)
 August 31,
20242023
Current assets$54,470 $48,185 
Non-current assets25,044 25,618 
Current liabilities58,231 52,093 
Non-current liabilities16,470 17,999 
Shareholders’ equity 1
4,813 3,711 
1Shareholders’ equity at August 31, 2024 and 2023 includes $432 million and $520 million, respectively, related to non-controlling interests.

Statements of earnings (in millions)
202420232022
Sales$304,895 $279,118 $268,189 
Gross profit12,466 12,457 13,248 
Net earnings1,922 1,799 1,988 
Share of earnings from equity method investments230 286 468 

The summarized financial information for equity method investments has been included on an aggregated basis for all investments as reported at the end of each fiscal year end.