Borrowings and Indebtedness (Tables)

3 Months Ended

Nov. 30, 2025

The following is a summary of total outstanding debt as of November 30, 2025 and August 31, 2025, respectively:


	November 30, 2025		August 31, 2025
Current portion of long-term debt and bank borrowings
Commercial paper (1)	$	99,246	$	99,963
Other (2)	14,430		14,521
Total current portion of long-term debt and bank borrowings	$	113,676	$	114,484

Long-term debt
Senior notes – 3.90% due 2027	$	1,100,000	$	1,100,000
Senior notes – 4.05% due 2029	1,200,000		1,200,000
Senior notes – 4.25% due 2031	1,200,000		1,200,000
Senior notes – 4.50% due 2034	1,500,000		1,500,000
Total principal amount (3)	$	5,000,000	$	5,000,000
Less: unamortized debt discount and issuance costs	(31,037)		(32,774)
Total carrying amount	$	4,968,963	$	4,967,226
Other (2)	62,683		66,943
Total long-term debt	$	5,031,646	$	5,034,169

(1)The carrying amounts of the commercial paper as of November 30, 2025 and August 31, 2025 include the remaining principal outstanding of $100,000 and $100,000, respectively, net of total unamortized discounts of $754 and $37, respectively. The weighted-average effective interest rate for the commercial paper was 4.1% and 4.5% as of November 30, 2025 and August 31, 2025, respectively.

(2)Amounts primarily include finance lease liabilities.

(3)The total estimated fair value of our senior notes was $5.0 billion as of November 30, 2025. The fair value was determined based on quoted prices as of the last trading day of the first quarter of fiscal 2026 and is classified as Level 2 within the fair value hierarchy.

Schedule of Maturities of Long-Term Debt

As of November 30, 2025, future principal payments for total outstanding debt, excluding finance leases, are summarized as follows:


Fiscal Year	Amount
Remainder of 2026	$	100,000
2027	—
2028	1,100,000
2029	—
2030	1,200,000
Thereafter	2,700,000
Total	$	5,100,000

Schedule of Borrowing Facilities

As of November 30, 2025, we had the following borrowing facilities:


	Credit Facilities
Syndicated loan facility (1)	$	5,500,000
Separate, uncommitted, unsecured multicurrency revolving credit facilities (2)	2,075,834
Local guaranteed and non-guaranteed lines of credit (3)	297,387
Total	$	7,873,221

(1)This facility, which matures on May 14, 2029, provides unsecured, revolving borrowing capacity for general corporate purposes, including the issuance of letters of credit and short-term commercial paper. Borrowings under this facility will accrue interest at the applicable risk-free rate plus a spread. We continue to be in compliance with relevant covenant terms. The facility is subject to annual commitment fees.

(2)We maintain separate, uncommitted and unsecured multicurrency revolving credit facilities. These facilities provide local currency financing for the majority of our operations. Interest rate terms on the revolving facilities are at market rates prevailing in the relevant local markets. As of November 30, 2025 and August 31, 2025, we had no borrowings under these facilities.

(3)We also maintain local guaranteed and non-guaranteed lines of credit for those locations that cannot access our global facilities. As of November 30, 2025 and August 31, 2025, we had no borrowings under these various facilities.