JABIL INC, 10-Q filed on 4/8/2026
Quarterly Report
v3.26.1
Cover Page - shares
 6 Months Ended
Feb. 28, 2026
Apr. 01, 2026
Cover [Abstract]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Feb. 28, 2026  
Document Transition Report false  
Entity File Number 001-14063  
Entity Registrant Name JABIL INC  
Entity Incorporation, State or Country Code DE  
Entity Tax Identification Number 38-1886260  
Entity Address, Address Line One 10800 Roosevelt Boulevard North  
Entity Address, City or Town St. Petersburg  
Entity Address, State or Province FL  
Entity Address, Postal Zip Code 33716  
City Area Code 727  
Local Phone Number 577-9749  
Title of 12(b) Security Common Stock, $0.001 par value per share  
Trading Symbol JBL  
Security Exchange Name NYSE  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   105,502,622
Amendment Flag false  
Document Fiscal Year Focus 2026  
Document Fiscal Period Focus Q2  
Entity Central Index Key 0000898293  
Current Fiscal Year End Date --08-31  
v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Feb. 28, 2026
Aug. 31, 2025
Current assets:    
Cash and cash equivalents $ 1,830 $ 1,933
Accounts receivable, net of allowance for credit losses 4,390 4,039
Contract assets 1,270 1,057
Inventories, net of reserve for excess and obsolete inventory 4,972 4,681
Prepaid expenses and other current assets 2,547 2,010
Total current assets 15,009 13,720
Property, plant and equipment, net of accumulated depreciation of $5,071 as of February 28, 2026, and $4,970 as of August 31, 2025 2,840 2,847
Operating lease right-of-use assets 487 462
Goodwill 1,229 841
Intangible assets, net of accumulated amortization 648 273
Deferred income taxes 147 141
Other assets 268 259
Total assets 20,628 18,543
Current liabilities:    
Current installments of notes payable and long-term debt 500 499
Accounts payable 8,517 7,937
Accrued expenses 5,695 5,185
Current operating lease liabilities 99 93
Total current liabilities 14,811 13,714
Notes payable and long-term debt, less current installments 3,376 2,386
Other liabilities 405 345
Non-current operating lease liabilities 414 388
Income tax liabilities 131 113
Deferred income taxes 142 80
Total liabilities 19,279 17,026
Commitments and contingencies
Jabil Inc. stockholders’ equity:    
Preferred stock, $0.001 par value, authorized 10,000,000 shares; no shares issued and no shares outstanding 0 0
Common stock, $0.001 par value, authorized 500,000,000 shares; 279,404,569 and 278,092,060 shares issued and 105,818,234 and 107,480,895 shares outstanding as of February 28, 2026 and August 31, 2025, respectively 0 0
Additional paid-in capital 3,149 3,047
Retained earnings 6,733 6,382
Accumulated other comprehensive loss 0 (17)
Treasury stock at cost, 173,586,335 and 170,611,165 shares as of February 28, 2026 and August 31, 2025, respectively (8,538) (7,899)
Total Jabil Inc. stockholders’ equity 1,344 1,513
Noncontrolling interests 5 4
Total equity 1,349 1,517
Total liabilities and equity $ 20,628 $ 18,543
v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Millions
Feb. 28, 2026
Aug. 31, 2025
Statement of Financial Position [Abstract]    
Accumulated depreciation $ 5,071 $ 4,970
Preferred stock, par value (in usd per share) $ 0.001 $ 0.001
Preferred stock, shares authorized (in shares) 10,000,000 10,000,000
Preferred stock, shares issued (in shares) 0 0
Preferred stock, shares outstanding (in shares) 0 0
Common stock, par value (in usd per share) $ 0.001 $ 0.001
Common stock, shares authorized (in shares) 500,000,000 500,000,000
Common stock, shares issued (in shares) 279,404,569 278,092,060
Common stock, shares outstanding (in shares) 105,818,234 107,480,895
Treasury stock at cost, shares (in shares) 173,586,335 170,611,165
v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Feb. 28, 2026
Feb. 28, 2025
Feb. 28, 2026
Feb. 28, 2025
Income Statement [Abstract]        
Net revenue $ 8,282 $ 6,728 $ 16,587 $ 13,722
Cost of revenue 7,536 6,152 15,099 12,540
Gross profit 746 576 1,488 1,182
Operating expenses:        
Selling, general and administrative 329 256 673 561
Research and development 7 7 14 15
Amortization of intangibles 23 15 42 28
Restructuring, severance and related charges 5 45 81 128
Loss from the divestiture of businesses 2 0 0 0
Acquisition and divestiture related charges 6 8 21 8
Operating income 374 245 657 442
Other expense 31 24 60 44
Interest expense, net 43 37 77 75
Income before income tax 300 184 520 323
Income tax expense 78 67 152 106
Net income 222 117 368 217
Net loss attributable to noncontrolling interests, net of tax (1) 0 (1) 0
Net income attributable to Jabil Inc. $ 223 $ 117 $ 369 $ 217
Earnings per share attributable to the stockholders of Jabil Inc.:        
Basic (in usd per share) $ 2.10 $ 1.07 $ 3.46 $ 1.95
Diluted (in usd per share) $ 2.08 $ 1.06 $ 3.43 $ 1.93
Weighted average shares outstanding:        
Basic (in shares) 106.0 110.0 106.5 111.3
Diluted (in shares) 106.9 111.1 107.6 112.6
v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Feb. 28, 2026
Feb. 28, 2025
Feb. 28, 2026
Feb. 28, 2025
Statement of Comprehensive Income [Abstract]        
Net income $ 222 $ 117 $ 368 $ 217
Other comprehensive income (loss), net of tax:        
Change in foreign currency translation 4 (3) 0 (6)
Change in derivative instruments 17 11 15 7
Actuarial loss 0 (1) 0 (1)
Prior service credit 1 1 2 2
Total other comprehensive income 22 8 17 2
Comprehensive income 244 125 385 219
Comprehensive loss attributable to noncontrolling interests (1) 0 (1) 0
Comprehensive income attributable to Jabil Inc. $ 245 $ 125 $ 386 $ 219
v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
$ in Millions
Total
Common stock:
Additional paid-in capital:
Retained earnings:
Accumulated other comprehensive loss:
Treasury stock:
Noncontrolling interests:
Beginning Balance at Aug. 31, 2024 $ 1,737   $ 2,841 $ 5,760 $ (46) $ (6,818) $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Shares issued under employee stock purchase plan     33        
Disposition of noncontrolling interest     2        
Treasury shares purchased (326)   69     (705)  
Recognition of stock-based compensation     62        
Reclassification of liability award     4        
Provision for common stock warrant     1        
Declared dividends       (17)      
Net income (loss) 217     217      
Total other comprehensive income 2       2    
Purchases of treasury stock under employee stock plans           (41)  
Excise taxes related to treasury shares purchased           (6)  
Ending Balance at Feb. 28, 2025 1,358 $ 0 3,012 5,960 (44) (7,570) 0
Beginning Balance at Nov. 30, 2024 1,593   3,002 5,851 (52) (7,208) 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Shares issued under employee stock purchase plan     33        
Treasury shares purchased (94)   (46)     (358)  
Recognition of stock-based compensation     18        
Reclassification of liability award     4        
Provision for common stock warrant     1        
Declared dividends       (8)      
Net income (loss) 117     117      
Total other comprehensive income 8       8    
Purchases of treasury stock under employee stock plans           (1)  
Excise taxes related to treasury shares purchased           (3)  
Ending Balance at Feb. 28, 2025 1,358 0 3,012 5,960 (44) (7,570) 0
Beginning Balance at Aug. 31, 2025 1,517   3,047 6,382 (17) (7,899) 4
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Shares issued under employee stock purchase plan     39        
Treasury shares purchased (355)   (29)     (571)  
Recognition of stock-based compensation     88        
Provision for common stock warrant     4        
Declared dividends       (18)      
Net income (loss) 368     369     (1)
Total other comprehensive income 17       17    
Purchases of treasury stock under employee stock plans           (65)  
Excise taxes related to treasury shares purchased           (3)  
Capital contribution of noncontrolling interest             2
Ending Balance at Feb. 28, 2026 1,349 0 3,149 6,733 0 (8,538) 5
Beginning Balance at Nov. 30, 2025 1,347   3,108 6,519 (22) (8,261) 3
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Shares issued under employee stock purchase plan     39        
Treasury shares purchased (100)   (25)     (275)  
Recognition of stock-based compensation     25        
Provision for common stock warrant     2        
Declared dividends       (9)      
Net income (loss) 222     223     (1)
Total other comprehensive income 22       22    
Excise taxes related to treasury shares purchased           (2)  
Other noncontrolling interest activity             1
Capital contribution of noncontrolling interest             2
Ending Balance at Feb. 28, 2026 $ 1,349 $ 0 $ 3,149 $ 6,733 $ 0 $ (8,538) $ 5
v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended 12 Months Ended
Feb. 28, 2026
Feb. 28, 2025
Feb. 28, 2026
Feb. 28, 2025
Aug. 31, 2025
Cash flows provided by operating activities:          
Net income $ 222 $ 117 $ 368 $ 217  
Depreciation, amortization, and other, net     449 373  
Change in operating assets and liabilities, exclusive of net assets acquired     (83) 56  
Net cash provided by operating activities     734 646  
Cash flows used in investing activities:          
Acquisition of property, plant and equipment     (198) (213)  
Proceeds and advances from sale of property, plant and equipment     96 54  
Cash paid for business and intangible asset acquisitions, net of cash     (848) (361)  
Other, net     (13) 17  
Net cash used in investing activities     (963) (503)  
Cash flows provided by (used in) financing activities:          
Borrowings under debt agreements     1,678 334  
Payments toward debt agreements     (897) (414)  
Payments to acquire treasury stock     (600) (636)  
Dividends paid to stockholders     (18) (19)  
Net proceeds from exercise of stock options and issuance of common stock under employee stock purchase plan     39 33  
Treasury stock minimum tax withholding related to vesting of restricted stock     (65) (41)  
Other, net     (17) (3)  
Net cash provided by (used in) financing activities     120 (746)  
Effect of exchange rate changes on cash and cash equivalents     6 (6)  
Net decrease in cash and cash equivalents     (103) (609)  
Cash and cash equivalents at beginning of period     1,933 2,201 $ 2,201
Cash and cash equivalents at end of period $ 1,830 $ 1,592 $ 1,830 $ 1,592 $ 1,933
v3.26.1
Basis of Presentation
 6 Months Ended
Feb. 28, 2026
Accounting Policies [Abstract]  
Basis of Presentation Basis of Presentation
The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) necessary to present fairly the information set forth therein have been included. The accompanying unaudited Condensed Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements and footnotes included in the Annual Report on Form 10-K of Jabil Inc. (the “Company”) for the fiscal year ended August 31, 2025. Results for the six months ended February 28, 2026, are not necessarily an indication of the results that may be expected for the full fiscal year ending August 31, 2026.
v3.26.1
Trade Accounts Receivable Sale Programs
 6 Months Ended
Feb. 28, 2026
Transfers and Servicing [Abstract]  
Trade Accounts Receivable Sale Programs Trade Accounts Receivable Sale Programs
The Company regularly sells designated pools of high credit quality trade accounts receivable under uncommitted trade accounts receivable sale programs to unaffiliated financial institutions without recourse. As these accounts receivable are sold without recourse, the Company does not retain the associated risks following the transfer of such accounts receivable to the respective financial institutions. The Company continues servicing the receivables sold and in exchange receives an immaterial servicing fee under each of the trade accounts receivable sale programs. The Company does not record a servicing asset or liability on the Condensed Consolidated Balance Sheets as the Company estimates that the fee it receives to service these receivables approximates the fair market compensation to provide the servicing activities.
In conjunction with the trade accounts receivable sale programs, the Company is required to remit amounts collected as a servicer under the trade accounts receivable sale programs to the unaffiliated financial institutions that purchased the receivables. The outstanding balance of receivables sold and not yet collected on accounts where the Company has continuing involvement was approximately $682 million and $927 million as of February 28, 2026, and August 31, 2025, respectively. Transfers of the receivables under the trade accounts receivable sale programs are accounted for as sales and, accordingly, net receivables sold under the trade accounts receivable sale programs are excluded from accounts receivable on the Condensed Consolidated Balance Sheets and are reflected as cash provided by operating activities on the Condensed Consolidated Statements of Cash Flows.
The following is a summary of the Company’s uncommitted trade accounts receivable sale programs with unaffiliated financial institutions where the Company may elect to sell receivables and the unaffiliated financial institution may elect to purchase, at a discount, on an ongoing basis (in millions):
Program
Maximum Amount(1)(2)
A
$350 
B
$100 
C
1,900 
CNY
D
$230 
E
$170 
F
$75 
G
$250 
H
$2,000 
I
$250 
J
$250 
K
$200 
(1)Maximum amount of trade accounts receivable that may be sold under a facility at any one time.
(2)The trade accounts receivable sale programs either expire on various dates through 2028 or do not have expiration dates and may be terminated upon election of the Company or the unaffiliated financial institutions.
In connection with the trade accounts receivable sale programs, the Company recognized the following (in millions):
 Three months endedSix months ended
 February 28, 2026February 28, 2025February 28, 2026February 28, 2025
Trade accounts receivable sold$4,750 $2,027 $8,499 $3,713 
Cash proceeds received$4,730 $2,016 $8,462 $3,692 
Pre-tax losses on sale of receivables(1)
$20 $11 $37 $21 
(1)Recorded to other expense within the Condensed Consolidated Statements of Operations.
Asset-Backed Securitization Program
Certain Jabil entities participating in the global asset-backed securitization program continuously sell designated pools of trade accounts receivable to a special purpose entity, which in turn sells certain of the receivables at a discount to conduits administered by an unaffiliated financial institution on a monthly basis. In addition, a foreign entity participating in the global asset-backed securitization program sells certain receivables at a discount to conduits administered by an unaffiliated financial institution on a daily basis. As these accounts receivable are sold without recourse, the Company does not retain the associated risks following the transfer of such accounts receivable to the respective financial institutions.
The Company continues servicing the receivables sold and in exchange receives an immaterial servicing fee under the global asset-backed securitization program. In conjunction with the global asset-backed securitization program, the Company is required to remit amounts collected as a servicer under the global asset-backed securitization program to a special purpose entity. The Company does not record a servicing asset or liability on the Condensed Consolidated Balance Sheets as the Company estimates that the fee it receives to service these receivables approximates the fair market compensation to provide the servicing activities.
The special purpose entity in the global asset-backed securitization program is a wholly owned subsidiary of the Company and is included in the Company’s Condensed Consolidated Financial Statements. Certain unsold receivables covering up to the maximum amount of net cash proceeds available under the domestic, or U.S., portion of the global asset-backed securitization program are pledged as collateral to the unaffiliated financial institution as of February 28, 2026.
The global asset-backed securitization program expires in January 2028 and the maximum amount of net cash proceeds available at any one time is $700 million.
The outstanding balance of receivables sold and not yet collected on accounts where the Company has continuing involvement was approximately $411 million and $372 million as of February 28, 2026, and August 31, 2025, respectively. Transfers of the receivables under the asset-backed securitization program are accounted for as sales and, accordingly, net receivables sold under the asset-backed securitization program are excluded from accounts receivable on the Condensed Consolidated Balance Sheets and are reflected as cash provided by operating activities on the Condensed Consolidated Statements of Cash Flows.
In connection with the asset-backed securitization program, the Company recognized the following (in millions):
Three months endedSix months ended
February 28, 2026February 28, 2025February 28, 2026February 28, 2025
Trade accounts receivable sold$1,078 $980 $2,136 $2,047 
Cash proceeds received(1)
$1,070 $970 $2,118 $2,025 
Pre-tax losses on sale of receivables(2)
$8 $10 $18 $22 
(1)The amounts primarily represent proceeds from collections reinvested in revolving-period transfers.
(2)Recorded to other expense within the Condensed Consolidated Statements of Operations.
The global asset-backed securitization program requires compliance with several covenants including compliance with the interest ratio and debt to EBITDA ratio of the Revolving Credit Facility. As of February 28, 2026, and August 31, 2025, the Company was in compliance with all covenants under the global asset-backed securitization program.
v3.26.1
Inventories
 6 Months Ended
Feb. 28, 2026
Inventory Disclosure [Abstract]  
Inventories Inventories
Inventories consist of the following (in millions):
February 28, 2026August 31, 2025
Raw materials$4,154 $3,905 
Work in process306 335 
Finished goods584 508 
Reserve for excess and obsolete inventory(72)(67)
Inventories, net$4,972 $4,681 
The Company is responsible for procuring certain components from suppliers for the manufacturing of finished goods at the direction of certain customers. If the Company does not obtain control of these components before they are transferred to the customer, the Company accounts for revenue and cost of revenue associated with such components on a net basis. Revenue and cost of revenue associated with components procured directly from customers is accounted for on a net basis if the components do not constitute a distinct good or service from the customer. As of February 28, 2026, and August 31, 2025, the Company had $1.5 billion and $1.1 billion, respectively, of components included in prepaid expenses and other current assets in the Company’s Condensed Consolidated Balance Sheets, related to purchases made to procure components for customers whereby the associated revenue is expected to be accounted for on a net basis once transferred to the customer.
v3.26.1
Leases
 6 Months Ended
Feb. 28, 2026
Leases [Abstract]  
Leases Leases
During fiscal year 2026, the Company entered into new operating and finance leases. The future minimum lease payments under these new leases as of February 28, 2026, were as follows (in millions):
Payments due by period
TotalLess than 1 year1-3 years3-5 yearsAfter 5 years
Operating lease obligations(1)(2)
$77 $14 $26 $24 $13 
Finance lease obligations(1)(2)
$48 $2 $40 $6 $— 
(1)Excludes $80 million of residual value guarantees that could potentially come due in future periods. The Company does not believe it is probable that any amounts will be owed under these guarantees. Therefore, no amounts related to the residual value guarantees are included in the lease payments used to measure the right-of-use assets and lease liabilities.
(2)Excludes $157 million of payments related to leases signed but not yet commenced. Additionally, certain leases signed but not yet commenced contain residual value guarantees and purchase options not deemed probable.
Leases Leases
During fiscal year 2026, the Company entered into new operating and finance leases. The future minimum lease payments under these new leases as of February 28, 2026, were as follows (in millions):
Payments due by period
TotalLess than 1 year1-3 years3-5 yearsAfter 5 years
Operating lease obligations(1)(2)
$77 $14 $26 $24 $13 
Finance lease obligations(1)(2)
$48 $2 $40 $6 $— 
(1)Excludes $80 million of residual value guarantees that could potentially come due in future periods. The Company does not believe it is probable that any amounts will be owed under these guarantees. Therefore, no amounts related to the residual value guarantees are included in the lease payments used to measure the right-of-use assets and lease liabilities.
(2)Excludes $157 million of payments related to leases signed but not yet commenced. Additionally, certain leases signed but not yet commenced contain residual value guarantees and purchase options not deemed probable.
v3.26.1
Goodwill and Other Intangible Assets
 6 Months Ended
Feb. 28, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets
The following table presents the changes in goodwill allocated to the Company’s reportable segments during the six months ended February 28, 2026 (in millions):
Regulated Industries
Intelligent Infrastructure
Connected Living and Digital Commerce
Total
Balance as of August 31, 2025
$673 $76 $92 $841 
Acquisitions and adjustments(1)
— 383 — 383 
Change in foreign currency exchange rates5 — — 5 
Balance as of February 28, 2026
$678 $459 $92 $1,229 
(1)In connection with the acquisitions of Hanley Energy Group (“Hanley”) and Rebound Technologies Group Holdings Limited (“Rebound Technologies”) during the fiscal year 2026. See Note 15 – “Business Acquisitions and Divestitures” for additional information.
The following table is a summary of the Company’s gross goodwill balances and accumulated impairments as of the periods indicated (in millions):
 February 28, 2026August 31, 2025
Gross Carrying
Amount		Accumulated
Impairment		Gross Carrying
Amount		Accumulated
Impairment
Goodwill$2,249 $1,020 $1,861 $1,020 
The following table presents the Company’s total purchased intangible assets as of the periods indicated (in millions):
 Weighted
Average
Amortization
Period
(in years)
February 28, 2026(1)
August 31, 2025
Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount		Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount
Contractual agreements and customer relationships11$750 $(312)$438 $494 $(292)$202 
Intellectual property7347 (191)156 240 (182)58 
Finite-lived trade names6186 (132)54 132 (119)13 
Total intangible assets10$1,283 $(635)$648 $866 $(593)$273 
(1)In connection with the acquisition of Hanley, the Company acquired $366 million of identifiable intangible assets, including $235 million assigned to contractual agreements and customer relationships, $86 million assigned to intellectual property and $46 million assigned to finite-lived trade names. In connection with the acquisition of Rebound Technologies, the Company acquired $48 million of identifiable intangible assets. See Note 15 – “Business Acquisitions and Divestitures” for additional information.
Intangible asset amortization during the three months and six months ended February 28, 2026 was approximately $23 million and $42 million, respectively. Intangible asset amortization during the three months and six months ended February 28, 2025 was approximately $15 million and $28 million, respectively. The estimated future amortization expense is as follows (in millions):
Fiscal Year Ended August 31,
2026$48 
202794 
202888 
202979 
203077 
Thereafter262 
Total$648 
v3.26.1
Notes Payable and Long-Term Debt
 6 Months Ended
Feb. 28, 2026
Debt Disclosure [Abstract]  
Notes Payable and Long-Term Debt Notes Payable and Long-Term Debt
Notes payable and long-term debt outstanding as of February 28, 2026, and August 31, 2025, are summarized below (in millions): 
Maturity DateFebruary 28, 2026August 31, 2025
3.950% Senior Notes
Jan 12, 2028$499 $499 
3.600% Senior Notes
Jan 15, 2030498 498 
3.000% Senior Notes
Jan 15, 2031595 595 
1.700% Senior Notes(1)
Apr 15, 2026500 499 
4.250% Senior Notes
May 15, 2027498 497 
5.450% Senior Notes
Feb 1, 2029298 297 
4.200% Senior Notes(1)
Feb 1, 2029497 — 
4.750% Senior Notes(1)
Feb 1, 2033491 — 
Borrowings under credit facilities(2)
Jun 18, 2030— — 
Total notes payable and long-term debt3,876 2,885 
Less current installments of notes payable and long-term debt
500 499 
Notes payable and long-term debt, less current installments
$3,376 $2,386 
(1)On January 23, 2026, the Company issued $500 million aggregate principal amount of 4.200% Senior Notes due 2029 (the “4.200% Senior Notes”) and $500 million aggregate principal amount of 4.750% Senior Notes due 2033 (the “4.750% Senior Notes”) in an underwritten public offering. The Company intends to use the net proceeds for general corporate purposes, including the repayment of the $500 million aggregate principal amount of 1.700% Senior Notes due in April 2026.
(2)As of February 28, 2026, the Company had $4.2 billion in available unused borrowing capacity under its revolving credit facilities, of which $3.2 billion was available under the senior unsecured credit agreement dated June 18, 2025 (the “Revolving Credit Facility”). The Revolving Credit Facility acts as the back-up facility for commercial paper outstanding, if any. The Company has a borrowing capacity of up to $3.2 billion under its commercial paper program.
Debt Covenants
Borrowings under the Company’s debt agreements are subject to various covenants that limit the Company’s ability to: incur additional indebtedness, sell assets, effect mergers and certain transactions, and effect certain transactions with subsidiaries and affiliates. In addition, the revolving credit facilities contain debt leverage and interest coverage covenants. The Company is also subject to certain covenants requiring the Company to offer to repurchase the 3.950%, 3.600%, 3.000%, 1.700%, 4.250%, 5.450%, 4.200% or 4.750% Senior Notes upon a change of control. As of February 28, 2026, and August 31, 2025, the Company was in compliance with its debt covenants.
Fair Value
Refer to Note 16 – “Fair Value Measurements” for the estimated fair values of the Company’s notes payable and long-term debt.
v3.26.1
Asset-Backed Securitization Program
 6 Months Ended
Feb. 28, 2026
Transfers and Servicing [Abstract]  
Asset-Backed Securitization Program Trade Accounts Receivable Sale Programs
The Company regularly sells designated pools of high credit quality trade accounts receivable under uncommitted trade accounts receivable sale programs to unaffiliated financial institutions without recourse. As these accounts receivable are sold without recourse, the Company does not retain the associated risks following the transfer of such accounts receivable to the respective financial institutions. The Company continues servicing the receivables sold and in exchange receives an immaterial servicing fee under each of the trade accounts receivable sale programs. The Company does not record a servicing asset or liability on the Condensed Consolidated Balance Sheets as the Company estimates that the fee it receives to service these receivables approximates the fair market compensation to provide the servicing activities.
In conjunction with the trade accounts receivable sale programs, the Company is required to remit amounts collected as a servicer under the trade accounts receivable sale programs to the unaffiliated financial institutions that purchased the receivables. The outstanding balance of receivables sold and not yet collected on accounts where the Company has continuing involvement was approximately $682 million and $927 million as of February 28, 2026, and August 31, 2025, respectively. Transfers of the receivables under the trade accounts receivable sale programs are accounted for as sales and, accordingly, net receivables sold under the trade accounts receivable sale programs are excluded from accounts receivable on the Condensed Consolidated Balance Sheets and are reflected as cash provided by operating activities on the Condensed Consolidated Statements of Cash Flows.
The following is a summary of the Company’s uncommitted trade accounts receivable sale programs with unaffiliated financial institutions where the Company may elect to sell receivables and the unaffiliated financial institution may elect to purchase, at a discount, on an ongoing basis (in millions):
Program
Maximum Amount(1)(2)
A
$350 
B
$100 
C
1,900 
CNY
D
$230 
E
$170 
F
$75 
G
$250 
H
$2,000 
I
$250 
J
$250 
K
$200 
(1)Maximum amount of trade accounts receivable that may be sold under a facility at any one time.
(2)The trade accounts receivable sale programs either expire on various dates through 2028 or do not have expiration dates and may be terminated upon election of the Company or the unaffiliated financial institutions.
In connection with the trade accounts receivable sale programs, the Company recognized the following (in millions):
 Three months endedSix months ended
 February 28, 2026February 28, 2025February 28, 2026February 28, 2025
Trade accounts receivable sold$4,750 $2,027 $8,499 $3,713 
Cash proceeds received$4,730 $2,016 $8,462 $3,692 
Pre-tax losses on sale of receivables(1)
$20 $11 $37 $21 
(1)Recorded to other expense within the Condensed Consolidated Statements of Operations.
Asset-Backed Securitization Program
Certain Jabil entities participating in the global asset-backed securitization program continuously sell designated pools of trade accounts receivable to a special purpose entity, which in turn sells certain of the receivables at a discount to conduits administered by an unaffiliated financial institution on a monthly basis. In addition, a foreign entity participating in the global asset-backed securitization program sells certain receivables at a discount to conduits administered by an unaffiliated financial institution on a daily basis. As these accounts receivable are sold without recourse, the Company does not retain the associated risks following the transfer of such accounts receivable to the respective financial institutions.
The Company continues servicing the receivables sold and in exchange receives an immaterial servicing fee under the global asset-backed securitization program. In conjunction with the global asset-backed securitization program, the Company is required to remit amounts collected as a servicer under the global asset-backed securitization program to a special purpose entity. The Company does not record a servicing asset or liability on the Condensed Consolidated Balance Sheets as the Company estimates that the fee it receives to service these receivables approximates the fair market compensation to provide the servicing activities.
The special purpose entity in the global asset-backed securitization program is a wholly owned subsidiary of the Company and is included in the Company’s Condensed Consolidated Financial Statements. Certain unsold receivables covering up to the maximum amount of net cash proceeds available under the domestic, or U.S., portion of the global asset-backed securitization program are pledged as collateral to the unaffiliated financial institution as of February 28, 2026.
The global asset-backed securitization program expires in January 2028 and the maximum amount of net cash proceeds available at any one time is $700 million.
The outstanding balance of receivables sold and not yet collected on accounts where the Company has continuing involvement was approximately $411 million and $372 million as of February 28, 2026, and August 31, 2025, respectively. Transfers of the receivables under the asset-backed securitization program are accounted for as sales and, accordingly, net receivables sold under the asset-backed securitization program are excluded from accounts receivable on the Condensed Consolidated Balance Sheets and are reflected as cash provided by operating activities on the Condensed Consolidated Statements of Cash Flows.
In connection with the asset-backed securitization program, the Company recognized the following (in millions):
Three months endedSix months ended
February 28, 2026February 28, 2025February 28, 2026February 28, 2025
Trade accounts receivable sold$1,078 $980 $2,136 $2,047 
Cash proceeds received(1)
$1,070 $970 $2,118 $2,025 
Pre-tax losses on sale of receivables(2)
$8 $10 $18 $22 
(1)The amounts primarily represent proceeds from collections reinvested in revolving-period transfers.
(2)Recorded to other expense within the Condensed Consolidated Statements of Operations.
The global asset-backed securitization program requires compliance with several covenants including compliance with the interest ratio and debt to EBITDA ratio of the Revolving Credit Facility. As of February 28, 2026, and August 31, 2025, the Company was in compliance with all covenants under the global asset-backed securitization program.
v3.26.1
Accrued Expenses
 6 Months Ended
Feb. 28, 2026
Accrued Liabilities, Current [Abstract]  
Accrued Expenses Accrued Expenses
Accrued expenses consist of the following (in millions):
February 28, 2026August 31, 2025
Inventory deposits$1,212 $1,205 
Contract liabilities(1)
1,040 1,016 
Accrued compensation and employee benefits634 756 
Other accrued expenses2,809 2,208 
Accrued expenses$5,695 $5,185 
(1)Revenue recognized during the three months and six months ended February 28, 2026 that was included in the contract liability balance as of August 31, 2025, was $177 million and $364 million, respectively. Revenue recognized during the three months and six months ended February 28, 2025 that was included in the contract liability balance as of August 31, 2024, was $139 million and $289 million, respectively.
v3.26.1
Derivative Financial Instruments and Hedging Activities
 6 Months Ended
Feb. 28, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Financial Instruments and Hedging Activities Derivative Financial Instruments and Hedging Activities
The Company is directly and indirectly affected by changes in certain market conditions. These changes in market conditions may adversely impact the Company’s financial performance and are referred to as market risks. The Company, where deemed appropriate, uses derivatives as risk management tools to mitigate the potential impact of certain market risks. The primary market risks managed by the Company through the use of derivative instruments are foreign currency risk and interest rate risk.
All derivative instruments are recorded gross on the Condensed Consolidated Balance Sheets at their respective fair values. Changes in fair value of derivative instruments are recorded in the Condensed Consolidated Statements of Operations, or as a component of accumulated other comprehensive income (“AOCI”) in the Condensed Consolidated Balance Sheets.
Foreign Currency Risk Management
The Company enters into forward foreign exchange contracts to manage the foreign currency risk associated with the anticipated foreign currency denominated revenues and expenses.
Cash Flow Hedges
The Company enters into forward foreign exchange contracts to effectively lock in the value of anticipated foreign currency denominated revenues and expenses against foreign currency fluctuations. The related forward foreign exchange contracts have been designated as hedging instruments and are accounted for as cash flow hedges. The aggregate notional amount of these outstanding contracts as of February 28, 2026, and August 31, 2025, was $499 million and $433 million, respectively. The anticipated foreign currency denominated revenues and expenses being hedged are expected to occur between March 1, 2026, and February 28, 2027.
Net Investment Hedges
In addition, the Company has entered into forward foreign exchange contracts to hedge a portion of its net investment in foreign currency denominated operations, which are designated as net investment hedges. The maturity dates and aggregate notional amount of these outstanding contracts are as follows (in millions):
Maturity dateFebruary 28, 2026August 31, 2025
October 2025$— $103 
January 2026— 200 
April 202644 42 
July 2026166 45 
October 202659 — 
July 2027117 — 
Total$386 $390 
Gains and losses on derivative instruments designated as cash flow hedges and derivative instruments designated as net investment hedges recognized in OCI and reclassified from AOCI into earnings were not material during the three months and six months ended February 28, 2026, and 2025. Gains and losses recognized in earnings due to amounts excluded from effectiveness testing were not material during the three months and six months ended February 28, 2026, and 2025.
Non-Designated Derivatives
In addition to derivatives that are designated as hedging instruments and qualify for hedge accounting, the Company also enters into forward foreign exchange contracts to economically hedge transactional exposure associated with commitments arising from trade accounts receivable, trade accounts payable, fixed purchase obligations and intercompany transactions denominated in a currency other than the functional currency of the respective operating entity. The Company may also enter into forward foreign exchange contracts to economically hedge the foreign currency exposure related to the purchase price for a pending acquisition. The aggregate notional amount of these outstanding contracts as of February 28, 2026, and August 31, 2025, was $2.7 billion and $3.2 billion, respectively.
Gains and losses on derivative instruments not designated as hedging instruments recognized in earnings were not material during the three months and six months ended February 28, 2026, and 2025.
Interest Rate Risk Management
The Company periodically enters into interest rate swaps to manage interest rate risk associated with the Company’s borrowings or anticipated debt issuances. As of February 28, 2026, there are no outstanding interest rate swaps.
Contemporaneously with the issuance of the 4.750% Senior Notes in January 2026, the Company settled cash flow hedges with an aggregate notional amount of $400 million, with various effective dates from March 2025 through December 2025. The cash received for the cash flow hedges at settlement was immaterial. The settled cash flow hedges are recorded in the Condensed Consolidated Balance Sheets as a component of AOCI and are amortized to interest expense, net in the Condensed Consolidated Statements of Operations.
v3.26.1
Stockholders' Equity
 6 Months Ended
Feb. 28, 2026
Share-Based Payment Arrangement [Abstract]  
Stockholders' Equity Stockholders’ Equity
The Company recognized stock-based compensation expense within selling, general and administrative expense as follows (in millions):
 Three months endedSix months ended
 February 28, 2026February 28, 2025February 28, 2026February 28, 2025
Restricted stock units$19 $15 $77 $55 
Employee stock purchase plan8 6 13 10 
Total$27 $21 $90 $65 
As of February 28, 2026, the shares available to be issued under the 2021 Equity Incentive Plan were 6,556,271.
Restricted Stock Units
Certain key employees have been granted time-based, performance-based and market-based restricted stock unit awards (“restricted stock units”). The time-based restricted stock units generally vest on a graded vesting schedule over three years. The performance-based restricted stock units generally vest on a cliff vesting schedule over three years and up to a maximum of 200%, depending on the specified performance condition and the level of achievement obtained. The performance-based restricted stock units have a vesting condition that is based upon the Company’s cumulative adjusted core earnings per share during the performance period. The market-based restricted stock units generally vest on a cliff vesting schedule over three years and up to a maximum of 200%, depending on the specified performance condition and the level of achievement obtained. The market-based restricted stock units have a vesting condition that is tied to the Company’s total shareholder return based on the Company’s stock performance in relation to the companies in the Standard and Poor’s (S&P) Super Composite Technology Hardware and Equipment Index excluding the Company. During the six months ended February 28, 2026, and 2025, the Company awarded approximately 0.4 million and 0.6 million time-based restricted stock units, respectively, 0.1 million and 0.1 million performance-based restricted stock units, respectively, and 0.1 million and 0.1 million market-based restricted stock units, respectively.
The following represents the stock-based compensation information as of the period indicated (in millions):
 February 28, 2026
Unrecognized stock-based compensation expense – restricted stock units$92 
Remaining weighted-average period for restricted stock units expense1.5 years
Common Stock Outstanding
The following represents the common stock outstanding for the periods indicated:
Three months endedSix months ended
February 28, 2026February 28, 2025February 28, 2026February 28, 2025
Common stock outstanding:
Beginning balances
106,822,960 111,693,059 107,480,895 113,744,167 
Shares issued under employee stock purchase plan
210,729 355,851 210,750 355,851 
Vesting of restricted stock
13,111 6,419 1,101,759 1,089,031 
Purchases of treasury stock under employee stock plans
(873)(991)(315,109)(323,991)
Treasury shares purchased(1,227,693)(2,514,534)(2,660,061)(5,325,254)
Ending balances
105,818,234 109,539,804 105,818,234 109,539,804 
Treasury Shares Purchased
The Company repurchases shares of its common stock under share repurchase programs authorized by the Company’s Board of Directors. The following Board approved share repurchase programs were executed through a combination of accelerated share repurchase (“ASR”) agreements and open market transactions (in millions):
Board Approval DateAmount AuthorizedShares RepurchasedTotal Cash UtilizedRemaining AuthorizationAuthorization Completion Date
Amended 2023 Share Repurchase ProgramQ1 FY 2024$2,500 20.4$2,500 $— Q1 FY 2025
2025 Share Repurchase ProgramQ1 FY 2025$1,000 6.6$1,000 $— Q4 FY 2025
2026 Share Repurchase Program(1)
Q4 FY 2025$1,000 3.0$666 $334 
(1)As of February 28, 2026, 2.7 million shares had been repurchased for $600 million and $400 million remained available under the 2026 Share Repurchase Program. As of April 1, 2026, 3.0 million shares had been repurchased for $666 million and $334 million remained available under the 2026 Share Repurchase Program.
Under ASR agreements, the Company makes payments to the participating financial institutions and receives an initial delivery of shares of common stock. The final number of shares delivered upon settlement of the ASR agreements is determined based on a discount to the volume weighted average price of the Company’s common stock during the term of the agreements. At the time the shares are received by the Company, the initial delivery and the final delivery of shares upon settlement of the ASR agreements results in an immediate reduction of the outstanding shares used to calculate the weighted-average common shares outstanding for basic and diluted earnings per share.
The terms of ASR agreements, structured as outlined above, were as follows (in millions, except average price):
Agreement Execution DateAgreement Settlement DateAgreement AmountInitial Shares DeliveredAdditional Shares DeliveredTotal Shares DeliveredAverage Price Paid Per Share
Q4 FY 2024Q1 FY 2025$555 4.21.05.2$107.08 
Q2 FY 2025Q3 FY 2025$310 1.80.22.0$154.44 
Q3 FY 2025Q4 FY 2025$309 1.80.01.8$171.91 
Q1 FY 2026Q2 FY 2026(1)$45 0.20.00.2$209.67 
Q2 FY 2026Q3 FY 2026(2)$200 0.80.00.8$246.29 
(1)In October 2025, the Company entered into ASR agreements to repurchase $45 million, excluding excise tax, of the Company’s common stock. Under the ASR agreements, the Company made payments of $45 million to participating financial institutions and received an initial delivery of shares of common stock. In December 2025, the ASR transaction was completed and the final delivery of shares of common stock was received.
(2)In December 2025, the Company entered into ASR agreements to repurchase $200 million, excluding excise tax, of the Company’s common stock. Under the ASR agreements, the Company made payments of $200 million to participating financial institutions and received an initial delivery of shares of common stock. In March 2026, the ASR transaction was completed and the final delivery of shares of common stock was received.
In addition, the Company repurchased shares of its common stock through the open market as follows (in millions):
Three months endedSix months ended
February 28, 2026February 28, 2025February 28, 2026February 28, 2025
SharesCostSharesCostSharesCostSharesCost
Open market share repurchases(1)
0.5$100 0.7$94 1.7$355 2.5$326 
(1)As of April 1, 2026, 2.0 million shares had been repurchased for $421 million through open market transactions under the 2026 Share Repurchase Program.
Warrants
On December 27, 2024, the Company issued a warrant (the “Warrant”) to Amazon.com NV Investment Holdings LLC to acquire up to 1,158,539 ordinary shares of the Company (“Warrant Shares”) at an initial exercise price of $137.7671 per share. The Warrant allows for cashless exercise and expires December 27, 2031. The Warrant Shares are subject to vesting for payments for purchased products and services over the seven-year Warrant term.
The following table summarizes the Warrant activity for the six months ended February 28, 2026:
Warrant Shares
Outstanding as of August 31, 2025
1,098,957 
Changes during the period
Shares granted— 
Shares vested— 
Outstanding as of February 28, 2026
1,098,957 
Exercisable as of February 28, 2026
59,582 
v3.26.1
Concentration of Risk and Segment Data
 6 Months Ended
Feb. 28, 2026
Segment Reporting [Abstract]  
Concentration of Risk and Segment Data Concentration of Risk and Segment Data
Concentration of Risk
Sales of the Company’s products are concentrated among specific customers. During the six months ended February 28, 2026, the Company’s five largest customers accounted for approximately 38% of its net revenue and 78 customers accounted for approximately 90% of its net revenue. Sales to these customers were reported in the Regulated Industries, Intelligent Infrastructure, and Connected Living and Digital Commerce operating segments.
The Company procures components from a broad group of suppliers. Some of the products manufactured by the Company require one or more components that are available from only a single source.
Segment Data
Operating segments are defined as components of an enterprise that engage in business activities from which they may earn revenues and incur expenses; for which separate financial information is available; and whose operating results are regularly reviewed by the chief operating decision maker (“CODM”), our Chief Executive Officer. The CODM regularly reviews net revenue by segment, segment income, and segment income margin, including prior period comparison and forecasted segment results, to assess the performance of the individual segments and make decisions about resources to be allocated to the segments.
The Company derives its revenue from providing comprehensive electronics design, production, and product management services. The Company’s operating segments consist of three segments – Regulated Industries, Intelligent Infrastructure, and Connected Living and Digital Commerce, which are also the Company’s reportable segments. The segments are organized based on the economic profiles of the services performed, including manufacturing capabilities, market strategy, margins, return on capital, and risk profiles.
The Regulated Industries segment is focused on regulated markets and includes revenues from customers primarily in the automotive and transportation, healthcare and packaging, and renewable energy infrastructure industries. The Intelligent Infrastructure segment is focused on the modern digital ecosystem including artificial intelligence (“AI”) infrastructure and includes revenues from customers primarily in the capital equipment, cloud and data center infrastructure, and networking and communications industries. The Connected Living and Digital Commerce segment is focused on digitalization and automation, including warehouse automation and robotics, and includes revenues from customers primarily in the connected living and digital commerce industries.
Net revenue for the operating segments is attributed to the segment in which the service is performed. An operating segment’s performance is evaluated based on its pre-tax operating contribution, or segment income. Segment income is defined as net revenue less segment expenses, which includes cost of revenue, segment selling, general and administrative expenses, segment research and development expenses and an allocation of corporate manufacturing expenses and selling, general and administrative expenses. Certain items are excluded from the calculation of segment income. Segment income margin is defined as segment income divided by net revenue. Total segment assets are defined as accounts receivable, contract assets, inventories, net, customer-related property, plant and equipment, intangible assets net of accumulated amortization, and goodwill. All other non-segment assets are reviewed on a global basis by management. Transactions between operating segments are generally recorded at amounts that approximate those at which we would transact with third parties.
The following tables set forth operating segment information (in millions):
Three months ended
February 28, 2026February 28, 2025
Regulated IndustriesIntelligent InfrastructureConnected Living and Digital CommerceTotalRegulated IndustriesIntelligent InfrastructureConnected Living and Digital CommerceTotal
Point in time$127 $2,358 $427 $2,912 $133 $1,217 $365 $1,715 
Over time2,899 1,670 801 5,370 2,608 1,430 975 5,013 
Net revenue$3,026 $4,028 $1,228 $8,282 $2,741 $2,647 $1,340 $6,728 
Segment expenses$2,881 $3,797 $1,168 $7,846 $2,609 $2,506 $1,279 $6,394 
Segment income$145 $231 $60 $436 $132 $141 $61 $334 
Segment income margin4.8 %5.7 %4.9 %5.3 %4.8 %5.3 %4.5 %5.0 %
Six months ended
February 28, 2026February 28, 2025
Regulated IndustriesIntelligent InfrastructureConnected Living and Digital CommerceTotalRegulated IndustriesIntelligent InfrastructureConnected Living and Digital CommerceTotal
Point in time$251 $4,683 $952 $5,886 $268 $2,323 $820 $3,411 
Over time5,848 3,198 1,655 10,701 5,430 2,820 2,061 10,311 
Net revenue$6,099 $7,881 $2,607 $16,587 $5,698 $5,143 $2,881 $13,722 
Segment expenses$5,777 $7,448 $2,472 $15,697 $5,428 $4,882 $2,731 $13,041 
Segment income$322 $433 $135 $890 $270 $261 $150 $681 
Segment income margin5.3 %5.5 %5.2 %5.4 %4.7 %5.1 %5.2 %5.0 %

 Three months endedSix months ended
 February 28, 2026February 28, 2025February 28, 2026February 28, 2025
Segment income$436 $334 $890 $681 
Reconciling items:
Amortization of intangibles(23)(15)(42)(28)
Stock-based compensation expense and related charges(27)(21)(90)(65)
Restructuring, severance and related charges(1)
(5)(45)(81)(128)
Business interruption and impairment charges, net(2)
— — — (9)
Loss from the divestiture of businesses(2)— — — 
Acquisition and divestiture related charges(3)
(6)(8)(21)(8)
Other expense (net of periodic benefit cost)(30)(24)(59)(45)
Interest expense, net(43)(37)(77)(75)
Income before income tax$300 $184 $520 $323 
(1)Charges recorded during the three months and six months ended February 28, 2026, relate to targeted restructuring activities to optimize our cost structure and improve operational efficiencies. Charges recorded during the three months and six months ended February 28, 2025, primarily related to the 2025 Restructuring Plan.
(2)Charges recorded during the six months ended February 28, 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)Charges recorded during the three months and six months ended February 28, 2026, include $11 million and $8 million, respectively, of gains on forward foreign exchange contracts in connection with the acquisition of Hanley Energy Group.
February 28, 2026August 31, 2025
Total assets:
Regulated Industries$6,590 $6,262 
Intelligent Infrastructure5,007 3,739 
Connected Living and Digital Commerce2,248 2,199 
Other non-allocated assets6,783 6,343 
Total$20,628 $18,543 
The Company operates in approximately 30 countries worldwide. Sales to unaffiliated customers are based on the Company location that maintains the customer relationship and transacts the external sale. The following table sets forth, for the periods indicated, foreign source revenue expressed as a percentage of net revenue:
Three months ended
Six months ended
 
February 28, 2026
February 28, 2025
February 28, 2026
February 28, 2025
Foreign source revenue72.6 %77.0 %72.7 %78.9 %
v3.26.1
Restructuring, Severance, and Related Charges
 6 Months Ended
Feb. 28, 2026
Restructuring and Related Activities [Abstract]  
Restructuring, Severance, and Related Charges Restructuring, Severance, and Related Charges
The following is a summary of the Company’s restructuring, severance, and related charges (in millions):
 Three months endedSix months ended
 
February 28, 2026(1)
February 28, 2025(2)
February 28, 2026(1)
February 28, 2025(2)
Employee severance and benefit costs$1 $18 $33 $45 
Lease costs— 1 — 4 
Asset write-off costs1 4 32 27 
Other costs3 22 16 52 
Total restructuring, severance and related charges(3)
$5 $45 $81 $128 
(1)Primarily related to targeted restructuring activities to optimize our cost structure and improve operational efficiencies.
(2)Primarily related to the 2025 Restructuring Plan.
(3)Except for asset write-off costs, all restructuring, severance and related charges are cash costs.
The following table presents the Company’s restructuring, severance, and related charges disaggregated by segment (in millions):
 Three months endedSix months ended
 February 28, 2026February 28, 2025February 28, 2026February 28, 2025
Total restructuring, severance and related charges:
Regulated Industries$1 $3 $46 $24 
Intelligent Infrastructure1 21 6 50 
Connected Living and Digital Commerce3 (1)28 5 
Non-allocated charges— 22 1 49 
Total$5 $45 $81 $128 
The table below summarizes the Company’s liability activity during the six months ended February 28, 2026 (in millions):
Employee Severance
and Benefit Costs		Lease CostsAsset Write-off CostsOther Related CostsTotal
Balance as of August 31, 2025
$16 $— $— $17 $33 
Restructuring related charges33 — 32 16 81 
Asset write-off charge and other non-cash activity— — (32)(12)(44)
Cash payments(34)— — (9)(43)
Balance as of February 28, 2026
$15 $— $— $12 $27 
2025 Restructuring Plan
On September 24, 2024, the Company’s Board of Directors approved a restructuring plan to align our support infrastructure to further optimize organizational effectiveness. This action includes headcount reductions across our Selling, General, and Administrative (“SG&A”) and manufacturing cost base and capacity realignment (the “2025 Restructuring Plan”).
The 2025 Restructuring Plan, totaling approximately $200 million in pre-tax restructuring and other related costs, was substantially complete as of November 30, 2025.
v3.26.1
Income Taxes
 6 Months Ended
Feb. 28, 2026
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
Effective Income Tax Rate
The U.S. federal statutory income tax rate and the Company's effective income tax rate are as follows:
Three months endedSix months ended
February 28, 2026February 28, 2025February 28, 2026February 28, 2025
U.S. federal statutory income tax rate21.0 %21.0 %21.0 %21.0 %
Effective income tax rate26.2 %36.2 %29.3 %32.7 %
The effective income tax rate differed for the three months and six months ended February 28, 2026, compared to the three months and six months ended February 28, 2025, primarily due to: (i) a change in the jurisdictional mix of earnings, driven in part by strengthened performance in tax jurisdictions with existing valuation allowances for the three and six months ended February 28, 2026 and (ii) an $18 million income tax benefit for the reversal of an unrecognized tax benefit due to a lapse of statute for the six months ended February 28, 2025.
The effective income tax rate differed from the U.S. federal statutory income tax rate of 21.0% during the three months and six months ended February 28, 2026 and 2025, primarily due to: (i) the jurisdictional mix of earnings, (ii) losses in tax jurisdictions with existing valuation allowances, (iii) tax incentives granted to sites in Malaysia, Singapore, and Vietnam, and (iv) an $18 million income tax benefit for the reversal of an unrecognized tax benefit due to a lapse of statute for the six months ended February 28, 2025
v3.26.1
Earnings Per Share and Dividends
 6 Months Ended
Feb. 28, 2026
Earnings Per Share [Abstract]  
Earnings Per Share and Dividends Earnings Per Share and Dividends
Earnings Per Share
The Company calculates its basic earnings per share by dividing net income attributable to the Company by the weighted average number of common shares outstanding during the period. The Company’s diluted earnings per share is calculated in a similar manner but includes the effect of dilutive securities. The difference between the weighted average number of basic shares outstanding and the weighted average number of diluted shares outstanding is primarily due to dilutive unvested restricted stock units.
Potential shares of common stock are excluded from the computation of diluted earnings per share when their effect would be antidilutive. Performance-based restricted stock units are considered dilutive when the related performance criteria have been met assuming the end of the reporting period represents the end of the performance period. All potential shares of common stock are antidilutive in periods of net loss. Potential shares of common stock not included in the computation of earnings per share because their effect would have been antidilutive or because the performance criterion was not met were as follows (in thousands):
 Three months endedSix months ended
 February 28, 2026February 28, 2025February 28, 2026February 28, 2025
Restricted stock units231.9 334.3 231.9 334.3 
Dividends
The following table sets forth cash dividends declared by the Company to common stockholders during the six months ended February 28, 2026, and 2025 (in millions, except for per share data):
Dividend
Declaration Date		Dividend
per Share		Total of Cash Dividends
Declared		Date of Record for
Dividend Payment		Dividend Cash
Payment Date
Fiscal Year 2026:October 16, 2025$0.08 $9 November 17, 2025December 2, 2025
January 22, 2026$0.08 $9 February 17, 2026March 3, 2026
Fiscal Year 2025:October 17, 2024$0.08 $9 November 15, 2024December 3, 2024
January 23, 2025$0.08 $8 February 18, 2025March 4, 2025
v3.26.1
Business Acquisitions and Divestitures
 6 Months Ended
Feb. 28, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Business Acquisitions and Divestitures Business Acquisitions and Divestitures
Acquisitions
Fiscal Year 2026
On January 2, 2026, the Company completed the acquisition of Hanley Energy Group (“Hanley”) for cash consideration transferred of $748 million. Pursuant to the purchase agreement, the Company recorded the estimated fair value of contingent consideration obligations subject to achieving future revenue thresholds. Hanley is a provider of energy management and critical power solutions serving the data center infrastructure market. The final purchase price is subject to adjustment based on conditions within the purchase agreement. The acquisition will help expand Jabil’s rack-level data center infrastructure capabilities and solutions.
The acquisition of Hanley was accounted for as a business combination using the acquisition method of accounting. Assets acquired of $899 million, including $366 million in intangible assets and $340 million in goodwill, and liabilities assumed of $151 million were recorded at their estimated fair values as of the acquisition date. The preliminary estimates and measurements are subject to change during the measurement period as the Company receives final information and completes its analysis. The primary areas that may be subject to revision include fair values of intangible assets, goodwill, and related tax attributes. The excess of the purchase price over the fair value of the acquired assets and assumed liabilities was recorded to goodwill and was fully allocated to the Intelligent Infrastructure segment. Goodwill is primarily attributable to expected synergies in data center power management. The majority of the goodwill is currently not expected to be deductible for income tax purposes. The results of operations were included in the Company’s condensed consolidated financial results beginning on January 2, 2026. Pro forma information has not been provided as the acquisition of Hanley is not deemed to be significant.
On September 1, 2025, the Company completed the acquisition of Rebound Technologies Group Holdings Limited (“Rebound Technologies”) for cash consideration transferred of $133 million. Rebound Technologies is a global supply chain service provider headquartered in the United Kingdom offering end-to-end solutions including global sourcing, data driven analytics, proactive shortage management and obsolescence strategies. The final purchase price is subject to adjustment based on conditions within the purchase agreement.
The acquisition of Rebound Technologies was accounted for as a business combination using the acquisition method of accounting. Assets acquired of $176 million, including $48 million in intangible assets and $44 million in goodwill, and liabilities assumed of $43 million were recorded at their estimated fair values as of the acquisition date. The preliminary estimates and measurements are subject to change during the measurement period as the Company receives final information and completes its analysis. The primary areas that may be subject to revision include fair values of intangible assets, goodwill and related tax attributes. The excess of the purchase price over the fair value of the acquired assets and assumed liabilities was recorded to goodwill and was fully allocated to the Intelligent Infrastructure segment. The majority of the goodwill is currently not expected to be deductible for income tax purposes. The results of operations were included in the Company’s condensed consolidated financial results beginning on September 1, 2025. Pro forma information has not been provided as the acquisition of Rebound Technologies is not deemed to be significant.
Fiscal Year 2025
On February 3, 2025, the Company completed the acquisition of Pharmaceutics International, Inc. (“Pii”) for cash consideration transferred of $309 million. Pii is a contract development and manufacturing organization specializing in early stage, clinical, and commercial volume aseptic filling, lyophilization, and oral solid dose manufacturing. The acquisition will enhance the Company’s existing Regulated Industries service offerings, which includes the development and commercial production of auto-injectors, pen injectors, inhalers, and on-body pumps.
The acquisition of Pii was accounted for as a business combination using the acquisition method of accounting. Assets acquired of $358 million, including $149 million in intangible assets and $142 million in goodwill, and liabilities assumed of $49 million were recorded at their estimated fair values as of the acquisition date. The excess of the purchase price over the fair value of the acquired assets and assumed liabilities was recorded to goodwill and was fully allocated to the Regulated Industries segment. Goodwill is primarily attributable to expected synergies enabling comprehensive support for customers in drug development, clinical trials, and product commercialization at scale. The majority of the goodwill is currently not expected to be deductible for income tax purposes. The results of operations were included in the Company’s condensed consolidated financial results beginning on February 3, 2025. Pro forma information has not been provided as the acquisition of Pii is not deemed to be significant.
On October 1, 2024, the Company completed the acquisition of Mikros Technologies LLC (“Mikros Technologies”) for consideration transferred of $63 million. Mikros Technologies is a leader in the engineering and manufacturing of liquid cooling solutions for thermal management.
The acquisition of Mikros Technologies was accounted for as a business combination using the acquisition method of accounting. Assets acquired of $63 million, including $40 million in intangible assets and $17 million in goodwill, were recorded at their estimated fair values as of the acquisition date. The excess of the purchase price over the fair value of the acquired assets and assumed liabilities was recorded to goodwill and was fully allocated to the Intelligent Infrastructure segment. The majority of the goodwill is currently expected to be deductible for income tax purposes. The results of operations were included in the Company’s condensed consolidated financial results beginning on October 1, 2024. Pro forma information has not been provided as the acquisition of Mikros Technologies is not deemed to be significant.
Divestitures
Fiscal Year 2025
On August 1, 2025, through its indirect subsidiary, Jabil Circuit Italia S.r.l. (“JCI”), the Company divested its operations in Italy. As a result of the transaction, the Company derecognized net assets of approximately $36 million and recorded a pre-tax loss of $97 million during the three months ended August 31, 2025, subject to post-closing adjustments that are still being finalized. As part of the terms of the agreement, the Company also paid cash consideration of $63 million to the buyer. The operating results of this business were immaterial to the Company's consolidated results of operations.
v3.26.1
Fair Value Measurements
 6 Months Ended
Feb. 28, 2026
Fair Value Disclosures [Abstract]  
Fair Value Measurements Fair Value Measurements
Fair Value Measurements on a Recurring Basis
The carrying amounts of cash and cash equivalents, trade accounts receivable, prepaid expenses, and other current assets, accounts payable and accrued expenses approximate fair value because of the short-term nature of these financial instruments. Cash equivalents consist of investments that are readily convertible to cash with original maturities of 90 days or less and are classified within Level 1 of the fair value hierarchy. As of February 28, 2026 and August 31, 2025, there were $627 million and $392 million of cash equivalents, respectively.
The fair value of forward foreign exchange contracts were not material to the Company’s Condensed Consolidated Balance Sheets as of February 28, 2026 and August 31, 2025.
Fair Value of Financial Instruments
The carrying amounts of borrowings under credit facilities and under loans approximate fair value as interest rates on these instruments approximate current market rates. Notes payable and long-term debt is carried at amortized cost; however, the Company estimates the fair values of notes payable and long-term debt for disclosure purposes. The following table presents the carrying amounts and fair values of the Company's notes payable and long-term debt, by hierarchy level as of the periods indicated (in millions):
February 28, 2026August 31, 2025
Fair Value HierarchyCarrying AmountFair ValueCarrying AmountFair Value
Notes payable and long-term debt: (Note 6)
3.950% Senior Notes
Level 2
(1)
$499 $499 $499 $496 
3.600% Senior Notes
Level 2
(1)
$498 $487 $498 $480 
3.000% Senior Notes
Level 2
(1)
$595 $563 $595 $551 
1.700% Senior Notes
Level 2
(1)
$500 $498 $499 $492 
4.250% Senior Notes
Level 2
(1)
$498 $502 $497 $500 
5.450% Senior Notes
Level 2
(1)
$298 $311 $297 $308 
4.200% Senior Notes
Level 2
(1)
$497 $501 $— $— 
4.750% Senior Notes
Level 2
(1)
$491 $498 $— $— 
(1)The fair value estimates are based upon observable market data.
v3.26.1
Commitments and Contingencies
 6 Months Ended
Feb. 28, 2026
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
Legal Proceedings
The Company is party to certain lawsuits in the ordinary course of business. The Company does not believe that these proceedings, individually or in the aggregate, will have a material adverse effect on the Company’s financial position, results of operations or cash flows.
v3.26.1
New Accounting Guidance
 6 Months Ended
Feb. 28, 2026
Accounting Standards Update and Change in Accounting Principle [Abstract]  
New Accounting Guidance New Accounting Guidance
New accounting guidance adopted during the period did not have a material impact to the Company.
Recently issued accounting guidance is not applicable or did not have, or is not expected to have, a material impact to the Company.
v3.26.1
Insider Trading Arrangements
 3 Months Ended
Feb. 28, 2026
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.26.1
Basis of Presentation (Policies)
 6 Months Ended
Feb. 28, 2026
Accounting Policies [Abstract]  
New Accounting Guidance
New accounting guidance adopted during the period did not have a material impact to the Company.
Recently issued accounting guidance is not applicable or did not have, or is not expected to have, a material impact to the Company.
v3.26.1
Trade Accounts Receivable Sale Programs (Tables)
 6 Months Ended
Feb. 28, 2026
Transfers and Servicing [Abstract]  
Schedule of Trade Accounts Receivable Sale Programs Key Terms
The following is a summary of the Company’s uncommitted trade accounts receivable sale programs with unaffiliated financial institutions where the Company may elect to sell receivables and the unaffiliated financial institution may elect to purchase, at a discount, on an ongoing basis (in millions):
Program
Maximum Amount(1)(2)
A
$350 
B
$100 
C
1,900 
CNY
D
$230 
E
$170 
F
$75 
G
$250 
H
$2,000 
I
$250 
J
$250 
K
$200 
(1)Maximum amount of trade accounts receivable that may be sold under a facility at any one time.
(2)The trade accounts receivable sale programs either expire on various dates through 2028 or do not have expiration dates and may be terminated upon election of the Company or the unaffiliated financial institutions.
Schedule of Trade Accounts Receivable Sale Programs Amounts Recognized
In connection with the trade accounts receivable sale programs, the Company recognized the following (in millions):
 Three months endedSix months ended
 February 28, 2026February 28, 2025February 28, 2026February 28, 2025
Trade accounts receivable sold$4,750 $2,027 $8,499 $3,713 
Cash proceeds received$4,730 $2,016 $8,462 $3,692 
Pre-tax losses on sale of receivables(1)
$20 $11 $37 $21 
(1)Recorded to other expense within the Condensed Consolidated Statements of Operations.
v3.26.1
Inventories (Tables)
 6 Months Ended
Feb. 28, 2026
Inventory Disclosure [Abstract]  
Schedule of Inventories
Inventories consist of the following (in millions):
February 28, 2026August 31, 2025
Raw materials$4,154 $3,905 
Work in process306 335 
Finished goods584 508 
Reserve for excess and obsolete inventory(72)(67)
Inventories, net$4,972 $4,681 
v3.26.1
Leases (Tables)
 6 Months Ended
Feb. 28, 2026
Leases [Abstract]  
Schedule of Future Minimum Lease Payments under Operating Leases The future minimum lease payments under these new leases as of February 28, 2026, were as follows (in millions):
Payments due by period
TotalLess than 1 year1-3 years3-5 yearsAfter 5 years
Operating lease obligations(1)(2)
$77 $14 $26 $24 $13 
Finance lease obligations(1)(2)
$48 $2 $40 $6 $— 
(1)Excludes $80 million of residual value guarantees that could potentially come due in future periods. The Company does not believe it is probable that any amounts will be owed under these guarantees. Therefore, no amounts related to the residual value guarantees are included in the lease payments used to measure the right-of-use assets and lease liabilities.
(2)Excludes $157 million of payments related to leases signed but not yet commenced. Additionally, certain leases signed but not yet commenced contain residual value guarantees and purchase options not deemed probable.
Schedule of Future Minimum Lease Payments under Finance Leases The future minimum lease payments under these new leases as of February 28, 2026, were as follows (in millions):
Payments due by period
TotalLess than 1 year1-3 years3-5 yearsAfter 5 years
Operating lease obligations(1)(2)
$77 $14 $26 $24 $13 
Finance lease obligations(1)(2)
$48 $2 $40 $6 $— 
(1)Excludes $80 million of residual value guarantees that could potentially come due in future periods. The Company does not believe it is probable that any amounts will be owed under these guarantees. Therefore, no amounts related to the residual value guarantees are included in the lease payments used to measure the right-of-use assets and lease liabilities.
(2)Excludes $157 million of payments related to leases signed but not yet commenced. Additionally, certain leases signed but not yet commenced contain residual value guarantees and purchase options not deemed probable.
v3.26.1
Goodwill and Other Intangible Assets (Tables)
 6 Months Ended
Feb. 28, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Goodwill Allocated to Reportable Segments and Gross Goodwill Balances and Accumulated Impairments
The following table presents the changes in goodwill allocated to the Company’s reportable segments during the six months ended February 28, 2026 (in millions):
Regulated Industries
Intelligent Infrastructure
Connected Living and Digital Commerce
Total
Balance as of August 31, 2025
$673 $76 $92 $841 
Acquisitions and adjustments(1)
— 383 — 383 
Change in foreign currency exchange rates5 — — 5 
Balance as of February 28, 2026
$678 $459 $92 $1,229 
(1)In connection with the acquisitions of Hanley Energy Group (“Hanley”) and Rebound Technologies Group Holdings Limited (“Rebound Technologies”) during the fiscal year 2026. See Note 15 – “Business Acquisitions and Divestitures” for additional information.
The following table is a summary of the Company’s gross goodwill balances and accumulated impairments as of the periods indicated (in millions):
 February 28, 2026August 31, 2025
Gross Carrying
Amount		Accumulated
Impairment		Gross Carrying
Amount		Accumulated
Impairment
Goodwill$2,249 $1,020 $1,861 $1,020 
Schedule of Finite-Lived Intangible Assets
The following table presents the Company’s total purchased intangible assets as of the periods indicated (in millions):
 Weighted
Average
Amortization
Period
(in years)
February 28, 2026(1)
August 31, 2025
Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount		Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount
Contractual agreements and customer relationships11$750 $(312)$438 $494 $(292)$202 
Intellectual property7347 (191)156 240 (182)58 
Finite-lived trade names6186 (132)54 132 (119)13 
Total intangible assets10$1,283 $(635)$648 $866 $(593)$273 
(1)In connection with the acquisition of Hanley, the Company acquired $366 million of identifiable intangible assets, including $235 million assigned to contractual agreements and customer relationships, $86 million assigned to intellectual property and $46 million assigned to finite-lived trade names. In connection with the acquisition of Rebound Technologies, the Company acquired $48 million of identifiable intangible assets. See Note 15 – “Business Acquisitions and Divestitures” for additional information.
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense The estimated future amortization expense is as follows (in millions):
Fiscal Year Ended August 31,
2026$48 
202794 
202888 
202979 
203077 
Thereafter262 
Total$648 
v3.26.1
Notes Payable and Long-Term Debt (Tables)
 6 Months Ended
Feb. 28, 2026
Debt Disclosure [Abstract]  
Schedule of Notes Payable and Long-term Debt
Notes payable and long-term debt outstanding as of February 28, 2026, and August 31, 2025, are summarized below (in millions): 
Maturity DateFebruary 28, 2026August 31, 2025
3.950% Senior Notes
Jan 12, 2028$499 $499 
3.600% Senior Notes
Jan 15, 2030498 498 
3.000% Senior Notes
Jan 15, 2031595 595 
1.700% Senior Notes(1)
Apr 15, 2026500 499 
4.250% Senior Notes
May 15, 2027498 497 
5.450% Senior Notes
Feb 1, 2029298 297 
4.200% Senior Notes(1)
Feb 1, 2029497 — 
4.750% Senior Notes(1)
Feb 1, 2033491 — 
Borrowings under credit facilities(2)
Jun 18, 2030— — 
Total notes payable and long-term debt3,876 2,885 
Less current installments of notes payable and long-term debt
500 499 
Notes payable and long-term debt, less current installments
$3,376 $2,386 
(1)On January 23, 2026, the Company issued $500 million aggregate principal amount of 4.200% Senior Notes due 2029 (the “4.200% Senior Notes”) and $500 million aggregate principal amount of 4.750% Senior Notes due 2033 (the “4.750% Senior Notes”) in an underwritten public offering. The Company intends to use the net proceeds for general corporate purposes, including the repayment of the $500 million aggregate principal amount of 1.700% Senior Notes due in April 2026.
(2)As of February 28, 2026, the Company had $4.2 billion in available unused borrowing capacity under its revolving credit facilities, of which $3.2 billion was available under the senior unsecured credit agreement dated June 18, 2025 (the “Revolving Credit Facility”). The Revolving Credit Facility acts as the back-up facility for commercial paper outstanding, if any. The Company has a borrowing capacity of up to $3.2 billion under its commercial paper program.
v3.26.1
Asset-Backed Securitization Program (Tables)
 6 Months Ended
Feb. 28, 2026
Transfers and Servicing [Abstract]  
Schedule of Asset-backed Securitization Programs Amounts Recognized
In connection with the asset-backed securitization program, the Company recognized the following (in millions):
Three months endedSix months ended
February 28, 2026February 28, 2025February 28, 2026February 28, 2025
Trade accounts receivable sold$1,078 $980 $2,136 $2,047 
Cash proceeds received(1)
$1,070 $970 $2,118 $2,025 
Pre-tax losses on sale of receivables(2)
$8 $10 $18 $22 
(1)The amounts primarily represent proceeds from collections reinvested in revolving-period transfers.
(2)Recorded to other expense within the Condensed Consolidated Statements of Operations.
v3.26.1
Accrued Expenses (Tables)
 6 Months Ended
Feb. 28, 2026
Accrued Liabilities, Current [Abstract]  
Schedule of Accrued Expenses
Accrued expenses consist of the following (in millions):
February 28, 2026August 31, 2025
Inventory deposits$1,212 $1,205 
Contract liabilities(1)
1,040 1,016 
Accrued compensation and employee benefits634 756 
Other accrued expenses2,809 2,208 
Accrued expenses$5,695 $5,185 
(1)Revenue recognized during the three months and six months ended February 28, 2026 that was included in the contract liability balance as of August 31, 2025, was $177 million and $364 million, respectively. Revenue recognized during the three months and six months ended February 28, 2025 that was included in the contract liability balance as of August 31, 2024, was $139 million and $289 million, respectively.
v3.26.1
Derivative Financial Instruments and Hedging Activities (Tables)
 6 Months Ended
Feb. 28, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Maturity Date and Aggregate Notional Amount Outstanding of Net Investment Hedges The maturity dates and aggregate notional amount of these outstanding contracts are as follows (in millions):
Maturity dateFebruary 28, 2026August 31, 2025
October 2025$— $103 
January 2026— 200 
April 202644 42 
July 2026166 45 
October 202659 — 
July 2027117 — 
Total$386 $390 
v3.26.1
Stockholders' Equity (Tables)
 6 Months Ended
Feb. 28, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Recognized Stock-based Compensation Expense
The Company recognized stock-based compensation expense within selling, general and administrative expense as follows (in millions):
 Three months endedSix months ended
 February 28, 2026February 28, 2025February 28, 2026February 28, 2025
Restricted stock units$19 $15 $77 $55 
Employee stock purchase plan8 6 13 10 
Total$27 $21 $90 $65 
Schedule of Share-based Compensation Information
The following represents the stock-based compensation information as of the period indicated (in millions):
 February 28, 2026
Unrecognized stock-based compensation expense – restricted stock units$92 
Remaining weighted-average period for restricted stock units expense1.5 years
Schedule of Common Stock Outstanding
The following represents the common stock outstanding for the periods indicated:
Three months endedSix months ended
February 28, 2026February 28, 2025February 28, 2026February 28, 2025
Common stock outstanding:
Beginning balances
106,822,960 111,693,059 107,480,895 113,744,167 
Shares issued under employee stock purchase plan
210,729 355,851 210,750 355,851 
Vesting of restricted stock
13,111 6,419 1,101,759 1,089,031 
Purchases of treasury stock under employee stock plans
(873)(991)(315,109)(323,991)
Treasury shares purchased(1,227,693)(2,514,534)(2,660,061)(5,325,254)
Ending balances
105,818,234 109,539,804 105,818,234 109,539,804 
Schedule of Repurchase of Common Stock under Share Repurchase Program and Common Stock Repurchased through Open Market
The Company repurchases shares of its common stock under share repurchase programs authorized by the Company’s Board of Directors. The following Board approved share repurchase programs were executed through a combination of accelerated share repurchase (“ASR”) agreements and open market transactions (in millions):
Board Approval DateAmount AuthorizedShares RepurchasedTotal Cash UtilizedRemaining AuthorizationAuthorization Completion Date
Amended 2023 Share Repurchase ProgramQ1 FY 2024$2,500 20.4$2,500 $— Q1 FY 2025
2025 Share Repurchase ProgramQ1 FY 2025$1,000 6.6$1,000 $— Q4 FY 2025
2026 Share Repurchase Program(1)
Q4 FY 2025$1,000 3.0$666 $334 
(1)As of February 28, 2026, 2.7 million shares had been repurchased for $600 million and $400 million remained available under the 2026 Share Repurchase Program. As of April 1, 2026, 3.0 million shares had been repurchased for $666 million and $334 million remained available under the 2026 Share Repurchase Program.
In addition, the Company repurchased shares of its common stock through the open market as follows (in millions):
Three months endedSix months ended
February 28, 2026February 28, 2025February 28, 2026February 28, 2025
SharesCostSharesCostSharesCostSharesCost
Open market share repurchases(1)
0.5$100 0.7$94 1.7$355 2.5$326 
(1)As of April 1, 2026, 2.0 million shares had been repurchased for $421 million through open market transactions under the 2026 Share Repurchase Program.
Schedule of Accelerated Share Repurchases Agreement
The terms of ASR agreements, structured as outlined above, were as follows (in millions, except average price):
Agreement Execution DateAgreement Settlement DateAgreement AmountInitial Shares DeliveredAdditional Shares DeliveredTotal Shares DeliveredAverage Price Paid Per Share
Q4 FY 2024Q1 FY 2025$555 4.21.05.2$107.08 
Q2 FY 2025Q3 FY 2025$310 1.80.22.0$154.44 
Q3 FY 2025Q4 FY 2025$309 1.80.01.8$171.91 
Q1 FY 2026Q2 FY 2026(1)$45 0.20.00.2$209.67 
Q2 FY 2026Q3 FY 2026(2)$200 0.80.00.8$246.29 
(1)In October 2025, the Company entered into ASR agreements to repurchase $45 million, excluding excise tax, of the Company’s common stock. Under the ASR agreements, the Company made payments of $45 million to participating financial institutions and received an initial delivery of shares of common stock. In December 2025, the ASR transaction was completed and the final delivery of shares of common stock was received.
(2)In December 2025, the Company entered into ASR agreements to repurchase $200 million, excluding excise tax, of the Company’s common stock. Under the ASR agreements, the Company made payments of $200 million to participating financial institutions and received an initial delivery of shares of common stock. In March 2026, the ASR transaction was completed and the final delivery of shares of common stock was received.
Schedule Of Warrants Activity
The following table summarizes the Warrant activity for the six months ended February 28, 2026:
Warrant Shares
Outstanding as of August 31, 2025
1,098,957 
Changes during the period
Shares granted— 
Shares vested— 
Outstanding as of February 28, 2026
1,098,957 
Exercisable as of February 28, 2026
59,582 
v3.26.1
Concentration of Risk and Segment Data (Tables)
 6 Months Ended
Feb. 28, 2026
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following tables set forth operating segment information (in millions):
Three months ended
February 28, 2026February 28, 2025
Regulated IndustriesIntelligent InfrastructureConnected Living and Digital CommerceTotalRegulated IndustriesIntelligent InfrastructureConnected Living and Digital CommerceTotal
Point in time$127 $2,358 $427 $2,912 $133 $1,217 $365 $1,715 
Over time2,899 1,670 801 5,370 2,608 1,430 975 5,013 
Net revenue$3,026 $4,028 $1,228 $8,282 $2,741 $2,647 $1,340 $6,728 
Segment expenses$2,881 $3,797 $1,168 $7,846 $2,609 $2,506 $1,279 $6,394 
Segment income$145 $231 $60 $436 $132 $141 $61 $334 
Segment income margin4.8 %5.7 %4.9 %5.3 %4.8 %5.3 %4.5 %5.0 %
Six months ended
February 28, 2026February 28, 2025
Regulated IndustriesIntelligent InfrastructureConnected Living and Digital CommerceTotalRegulated IndustriesIntelligent InfrastructureConnected Living and Digital CommerceTotal
Point in time$251 $4,683 $952 $5,886 $268 $2,323 $820 $3,411 
Over time5,848 3,198 1,655 10,701 5,430 2,820 2,061 10,311 
Net revenue$6,099 $7,881 $2,607 $16,587 $5,698 $5,143 $2,881 $13,722 
Segment expenses$5,777 $7,448 $2,472 $15,697 $5,428 $4,882 $2,731 $13,041 
Segment income$322 $433 $135 $890 $270 $261 $150 $681 
Segment income margin5.3 %5.5 %5.2 %5.4 %4.7 %5.1 %5.2 %5.0 %
Schedule of Segment Income and Reconciliation of Income Before Income Tax
 Three months endedSix months ended
 February 28, 2026February 28, 2025February 28, 2026February 28, 2025
Segment income$436 $334 $890 $681 
Reconciling items:
Amortization of intangibles(23)(15)(42)(28)
Stock-based compensation expense and related charges(27)(21)(90)(65)
Restructuring, severance and related charges(1)
(5)(45)(81)(128)
Business interruption and impairment charges, net(2)
— — — (9)
Loss from the divestiture of businesses(2)— — — 
Acquisition and divestiture related charges(3)
(6)(8)(21)(8)
Other expense (net of periodic benefit cost)(30)(24)(59)(45)
Interest expense, net(43)(37)(77)(75)
Income before income tax$300 $184 $520 $323 
(1)Charges recorded during the three months and six months ended February 28, 2026, relate to targeted restructuring activities to optimize our cost structure and improve operational efficiencies. Charges recorded during the three months and six months ended February 28, 2025, primarily related to the 2025 Restructuring Plan.
(2)Charges recorded during the six months ended February 28, 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)Charges recorded during the three months and six months ended February 28, 2026, include $11 million and $8 million, respectively, of gains on forward foreign exchange contracts in connection with the acquisition of Hanley Energy Group.
Schedule of Segment Assets
February 28, 2026August 31, 2025
Total assets:
Regulated Industries$6,590 $6,262 
Intelligent Infrastructure5,007 3,739 
Connected Living and Digital Commerce2,248 2,199 
Other non-allocated assets6,783 6,343 
Total$20,628 $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
Six months ended
 
February 28, 2026
February 28, 2025
February 28, 2026
February 28, 2025
Foreign source revenue72.6 %77.0 %72.7 %78.9 %
v3.26.1
Restructuring, Severance, and Related Charges (Tables)
 6 Months Ended
Feb. 28, 2026
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring, Severance and Related Charges and Liability Activity
The following is a summary of the Company’s restructuring, severance, and related charges (in millions):
 Three months endedSix months ended
 
February 28, 2026(1)
February 28, 2025(2)
February 28, 2026(1)
February 28, 2025(2)
Employee severance and benefit costs$1 $18 $33 $45 
Lease costs— 1 — 4 
Asset write-off costs1 4 32 27 
Other costs3 22 16 52 
Total restructuring, severance and related charges(3)
$5 $45 $81 $128 
(1)Primarily related to targeted restructuring activities to optimize our cost structure and improve operational efficiencies.
(2)Primarily related to the 2025 Restructuring Plan.
(3)Except for asset write-off costs, all restructuring, severance and related charges are cash costs.
The following table presents the Company’s restructuring, severance, and related charges disaggregated by segment (in millions):
 Three months endedSix months ended
 February 28, 2026February 28, 2025February 28, 2026February 28, 2025
Total restructuring, severance and related charges:
Regulated Industries$1 $3 $46 $24 
Intelligent Infrastructure1 21 6 50 
Connected Living and Digital Commerce3 (1)28 5 
Non-allocated charges— 22 1 49 
Total$5 $45 $81 $128 
The table below summarizes the Company’s liability activity during the six months ended February 28, 2026 (in millions):
Employee Severance
and Benefit Costs		Lease CostsAsset Write-off CostsOther Related CostsTotal
Balance as of August 31, 2025
$16 $— $— $17 $33 
Restructuring related charges33 — 32 16 81 
Asset write-off charge and other non-cash activity— — (32)(12)(44)
Cash payments(34)— — (9)(43)
Balance as of February 28, 2026
$15 $— $— $12 $27 
v3.26.1
Income Taxes (Tables)
 6 Months Ended
Feb. 28, 2026
Income Tax Disclosure [Abstract]  
Schedule of U.S. Federal Statutory Income Tax Rate Compared to Actual Income Tax Expense
The U.S. federal statutory income tax rate and the Company's effective income tax rate are as follows:
Three months endedSix months ended
February 28, 2026February 28, 2025February 28, 2026February 28, 2025
U.S. federal statutory income tax rate21.0 %21.0 %21.0 %21.0 %
Effective income tax rate26.2 %36.2 %29.3 %32.7 %
v3.26.1
Earnings Per Share and Dividends (Tables)
 6 Months Ended
Feb. 28, 2026
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share Potential shares of common stock not included in the computation of earnings per share because their effect would have been antidilutive or because the performance criterion was not met were as follows (in thousands):
 Three months endedSix months ended
 February 28, 2026February 28, 2025February 28, 2026February 28, 2025
Restricted stock units231.9 334.3 231.9 334.3 
Schedule of Cash Dividends Declared by the Company to Common Stockholders
The following table sets forth cash dividends declared by the Company to common stockholders during the six months ended February 28, 2026, and 2025 (in millions, except for per share data):
Dividend
Declaration Date		Dividend
per Share		Total of Cash Dividends
Declared		Date of Record for
Dividend Payment		Dividend Cash
Payment Date
Fiscal Year 2026:October 16, 2025$0.08 $9 November 17, 2025December 2, 2025
January 22, 2026$0.08 $9 February 17, 2026March 3, 2026
Fiscal Year 2025:October 17, 2024$0.08 $9 November 15, 2024December 3, 2024
January 23, 2025$0.08 $8 February 18, 2025March 4, 2025
v3.26.1
Fair Value Measurements (Tables)
 6 Months Ended
Feb. 28, 2026
Fair Value Disclosures [Abstract]  
Schedule of Carrying Amounts and Fair Values of Notes Payable and Long-term Debt The following table presents the carrying amounts and fair values of the Company's notes payable and long-term debt, by hierarchy level as of the periods indicated (in millions):
February 28, 2026August 31, 2025
Fair Value HierarchyCarrying AmountFair ValueCarrying AmountFair Value
Notes payable and long-term debt: (Note 6)
3.950% Senior Notes
Level 2
(1)
$499 $499 $499 $496 
3.600% Senior Notes
Level 2
(1)
$498 $487 $498 $480 
3.000% Senior Notes
Level 2
(1)
$595 $563 $595 $551 
1.700% Senior Notes
Level 2
(1)
$500 $498 $499 $492 
4.250% Senior Notes
Level 2
(1)
$498 $502 $497 $500 
5.450% Senior Notes
Level 2
(1)
$298 $311 $297 $308 
4.200% Senior Notes
Level 2
(1)
$497 $501 $— $— 
4.750% Senior Notes
Level 2
(1)
$491 $498 $— $— 
(1)The fair value estimates are based upon observable market data.
v3.26.1
Trade Accounts Receivable Sale Programs - Additional Information (Details) - USD ($)
$ in Millions
Feb. 28, 2026
Aug. 31, 2025
Trade Accounts Receivable Sale Programs    
Trade Accounts Receivable Securitization and Sale Program [Line Items]    
Receivables sold but not yet collected $ 682 $ 927
v3.26.1
Trade Accounts Receivable Sale Programs - Schedule of Trade Accounts Receivable Sale Programs Key Terms (Details) - Feb. 28, 2026
USD ($)
CNY (¥)
A    
Trade Accounts Receivable Securitization and Sale Program [Line Items]    
Maximum amount $ 350,000,000  
B    
Trade Accounts Receivable Securitization and Sale Program [Line Items]    
Maximum amount 100,000,000  
C    
Trade Accounts Receivable Securitization and Sale Program [Line Items]    
Maximum amount | ¥   ¥ 1,900,000,000
D    
Trade Accounts Receivable Securitization and Sale Program [Line Items]    
Maximum amount 230,000,000  
E    
Trade Accounts Receivable Securitization and Sale Program [Line Items]    
Maximum amount 170,000,000  
F    
Trade Accounts Receivable Securitization and Sale Program [Line Items]    
Maximum amount 75,000,000  
G    
Trade Accounts Receivable Securitization and Sale Program [Line Items]    
Maximum amount 250,000,000  
H    
Trade Accounts Receivable Securitization and Sale Program [Line Items]    
Maximum amount 2,000,000,000  
I    
Trade Accounts Receivable Securitization and Sale Program [Line Items]    
Maximum amount 250,000,000  
J    
Trade Accounts Receivable Securitization and Sale Program [Line Items]    
Maximum amount 250,000,000  
K    
Trade Accounts Receivable Securitization and Sale Program [Line Items]    
Maximum amount $ 200,000,000  
v3.26.1
Trade Accounts Receivable Sale Programs - Trade Accounts Receivable Sale Programs Amounts Recognized (Details) - Trade Accounts Receivable Sale Programs - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Feb. 28, 2026
Feb. 28, 2025
Feb. 28, 2026
Feb. 28, 2025
Trade Accounts Receivable Securitization and Sale Program [Line Items]        
Trade accounts receivable sold $ 4,750 $ 2,027 $ 8,499 $ 3,713
Cash proceeds received 4,730 2,016 8,462 3,692
Pre-tax losses on sale of receivables $ 20 $ 11 $ 37 $ 21
v3.26.1
Inventories - Schedule of Inventories (Details) - USD ($)
$ in Millions
Feb. 28, 2026
Aug. 31, 2025
Inventory Disclosure [Abstract]    
Raw materials $ 4,154 $ 3,905
Work in process 306 335
Finished goods 584 508
Reserve for excess and obsolete inventory (72) (67)
Inventories, net $ 4,972 $ 4,681
v3.26.1
Inventories - Additional Information (Details) - USD ($)
$ in Billions
Feb. 28, 2026
Aug. 31, 2025
Inventory Disclosure [Abstract]    
Other assets, current, net revenue components $ 1.5 $ 1.1
v3.26.1
Leases (Details)
$ in Millions
Feb. 28, 2026
USD ($)
Operating lease obligations  
Total $ 77
Less than 1 year 14
1-3 years 26
3-5 years 24
After 5 years 13
Finance lease obligations  
Total 48
Less than 1 year 2
1-3 years 40
3-5 years 6
After 5 years 0
Residual value guarantees 80
Leases not yet commenced $ 157
v3.26.1
Goodwill and Other Intangible Assets - Schedule of Changes in Goodwill Allocated to Reportable Segments (Details)
$ in Millions
 6 Months Ended
Feb. 28, 2026
USD ($)
Goodwill [Roll Forward]  
Beginning balance $ 841
Acquisitions and adjustments 383
Change in foreign currency exchange rates 5
Ending balance 1,229
Regulated Industries  
Goodwill [Roll Forward]  
Beginning balance 673
Acquisitions and adjustments 0
Change in foreign currency exchange rates 5
Ending balance 678
Intelligent Infrastructure  
Goodwill [Roll Forward]  
Beginning balance 76
Acquisitions and adjustments 383
Change in foreign currency exchange rates 0
Ending balance 459
Connected Living and Digital Commerce  
Goodwill [Roll Forward]  
Beginning balance 92
Acquisitions and adjustments 0
Change in foreign currency exchange rates 0
Ending balance $ 92
v3.26.1
Goodwill and Other Intangible Assets - Schedule of Gross Goodwill Balances and Accumulated Impairments (Details) - USD ($)
$ in Millions
Feb. 28, 2026
Aug. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]    
Gross Carrying Amount $ 2,249 $ 1,861
Accumulated Impairment $ 1,020 $ 1,020
v3.26.1
Goodwill and Other Intangible Assets - Schedule of Purchased Intangible Assets (Details) - USD ($)
$ in Millions
 6 Months Ended
Feb. 28, 2026
Jan. 02, 2026
Sep. 01, 2025
Aug. 31, 2025
Acquired Intangible Assets by Major Class [Line Items]        
Weighted Average Amortization Period (in years) 10 years      
Gross Carrying Amount $ 1,283     $ 866
Accumulated Amortization (635)     (593)
Net Carrying Amount 648     273
Hanley Energy Group        
Acquired Intangible Assets by Major Class [Line Items]        
Intangible assets 366 $ 366    
Rebound Technologies Group Holdings Limited        
Acquired Intangible Assets by Major Class [Line Items]        
Intangible assets $ 48   $ 48  
Contractual agreements and customer relationships        
Acquired Intangible Assets by Major Class [Line Items]        
Weighted Average Amortization Period (in years) 11 years      
Gross Carrying Amount $ 750     494
Accumulated Amortization (312)     (292)
Net Carrying Amount 438     202
Contractual agreements and customer relationships | Hanley Energy Group        
Acquired Intangible Assets by Major Class [Line Items]        
Intangible assets $ 235      
Intellectual property        
Acquired Intangible Assets by Major Class [Line Items]        
Weighted Average Amortization Period (in years) 7 years      
Gross Carrying Amount $ 347     240
Accumulated Amortization (191)     (182)
Net Carrying Amount 156     58
Intellectual property | Hanley Energy Group        
Acquired Intangible Assets by Major Class [Line Items]        
Intangible assets $ 86      
Finite-lived trade names        
Acquired Intangible Assets by Major Class [Line Items]        
Weighted Average Amortization Period (in years) 6 years      
Gross Carrying Amount $ 186     132
Accumulated Amortization (132)     (119)
Net Carrying Amount 54     $ 13
Finite-lived trade names | Hanley Energy Group        
Acquired Intangible Assets by Major Class [Line Items]        
Intangible assets $ 46      
v3.26.1
Goodwill and Other Intangible Assets - Additional Information (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Feb. 28, 2026
Feb. 28, 2025
Feb. 28, 2026
Feb. 28, 2025
Goodwill and Intangible Assets Disclosure [Abstract]        
Amortization of intangibles $ 23 $ 15 $ 42 $ 28
v3.26.1
Goodwill and Other Intangible Assets - Schedule of Estimated Future Amortization Expense (Details)
$ in Millions
Feb. 28, 2026
USD ($)
Fiscal Year Ended August 31,  
2026 $ 48
2027 94
2028 88
2029 79
2030 77
Thereafter 262
Total $ 648
v3.26.1
Notes Payable and Long-Term Debt - Schedule of Notes Payable and Long-term Debt (Details) - USD ($)
Feb. 28, 2026
Jan. 23, 2026
Aug. 31, 2025
Debt Instrument [Line Items]      
Total notes payable and long-term debt $ 3,876,000,000   $ 2,885,000,000
Less current installments of notes payable and long-term debt 500,000,000   499,000,000
Notes payable and long-term debt, less current installments $ 3,376,000,000   2,386,000,000
Senior Notes | 3.950% Senior Notes      
Debt Instrument [Line Items]      
Stated interest rate 3.95%    
Total notes payable and long-term debt $ 499,000,000   499,000,000
Senior Notes | 3.600% Senior Notes      
Debt Instrument [Line Items]      
Stated interest rate 3.60%    
Total notes payable and long-term debt $ 498,000,000   498,000,000
Senior Notes | 3.000% Senior Notes      
Debt Instrument [Line Items]      
Stated interest rate 3.00%    
Total notes payable and long-term debt $ 595,000,000   595,000,000
Senior Notes | 1.700% Senior Notes      
Debt Instrument [Line Items]      
Stated interest rate 1.70%    
Total notes payable and long-term debt $ 500,000,000   499,000,000
Principal amount $ 500,000,000    
Senior Notes | 4.250% Senior Notes      
Debt Instrument [Line Items]      
Stated interest rate 4.25%    
Total notes payable and long-term debt $ 498,000,000   497,000,000
Senior Notes | 5.450% Senior Notes      
Debt Instrument [Line Items]      
Stated interest rate 5.45%    
Total notes payable and long-term debt $ 298,000,000   297,000,000
Senior Notes | 4.200% Senior Notes      
Debt Instrument [Line Items]      
Stated interest rate 4.20% 4.20%  
Total notes payable and long-term debt $ 497,000,000   0
Principal amount   $ 500,000,000  
Senior Notes | 4.750% Senior Notes      
Debt Instrument [Line Items]      
Stated interest rate 4.75% 4.75%  
Total notes payable and long-term debt $ 491,000,000   0
Principal amount   $ 500,000,000  
Line of Credit | Revolving Credit Facility      
Debt Instrument [Line Items]      
Total notes payable and long-term debt 0   $ 0
Available unused borrowing capacity 4,200,000,000    
Line of Credit | Revolving Credit Facility | The Revolving Credit Facility      
Debt Instrument [Line Items]      
Available unused borrowing capacity 3,200,000,000    
Line of Credit | Commercial Paper      
Debt Instrument [Line Items]      
Maximum borrowing capacity $ 3,200,000,000    
v3.26.1
Notes Payable and Long-Term Debt - Additional Information (Details) - Senior Notes
Feb. 28, 2026
Jan. 23, 2026
3.950% Senior Notes    
Debt Instrument [Line Items]    
Stated interest rate 3.95%  
3.600% Senior Notes    
Debt Instrument [Line Items]    
Stated interest rate 3.60%  
3.000% Senior Notes    
Debt Instrument [Line Items]    
Stated interest rate 3.00%  
1.700% Senior Notes    
Debt Instrument [Line Items]    
Stated interest rate 1.70%  
4.250% Senior Notes    
Debt Instrument [Line Items]    
Stated interest rate 4.25%  
5.450% Senior Notes    
Debt Instrument [Line Items]    
Stated interest rate 5.45%  
4.200% Senior Notes    
Debt Instrument [Line Items]    
Stated interest rate 4.20% 4.20%
4.750% Senior Notes    
Debt Instrument [Line Items]    
Stated interest rate 4.75% 4.75%
v3.26.1
Asset-Backed Securitization Program - Additional Information (Details) - Asset Backed Securitizations - USD ($)
Feb. 28, 2026
Aug. 31, 2025
Asset-Backed Securitization Programs [Line Items]    
Maximum amount of net cash proceeds $ 700,000,000  
Receivables sold but not yet collected $ 411,000,000 $ 372,000,000
v3.26.1
Asset-Backed Securitization Program - Schedule of Securitization Activity (Details) - Asset-Backed Securitization Program - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Feb. 28, 2026
Feb. 28, 2025
Feb. 28, 2026
Feb. 28, 2025
Trade Accounts Receivable Securitization and Sale Program [Line Items]        
Trade accounts receivable sold $ 1,078 $ 980 $ 2,136 $ 2,047
Cash proceeds received 1,070 970 2,118 2,025
Pre-tax losses on sale of receivables $ 8 $ 10 $ 18 $ 22
v3.26.1
Accrued Expenses (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Feb. 28, 2026
Feb. 28, 2025
Feb. 28, 2026
Feb. 28, 2025
Aug. 31, 2025
Accrued Liabilities, Current [Abstract]          
Inventory deposits $ 1,212   $ 1,212   $ 1,205
Contract liabilities 1,040   1,040   1,016
Accrued compensation and employee benefits 634   634   756
Other accrued expenses 2,809   2,809   2,208
Accrued expenses 5,695   5,695   $ 5,185
Revenue recognized during period that was included in contract liability balance $ 177 $ 139 $ 364 $ 289  
v3.26.1
Derivative Financial Instruments and Hedging Activities - Additional Information (Details) - USD ($)
$ in Millions
Feb. 28, 2026
Jan. 31, 2026
Jan. 23, 2026
Aug. 31, 2025
4.750% Senior Notes | Senior Notes        
Derivative [Line Items]        
Stated interest rate 4.75%   4.75%  
Settled Cash Flow Hedge Effective Dates March 2025 through December 2025 | Cash flow hedging        
Derivative [Line Items]        
Derivative, notional amount   $ 400    
Forward contracts | Forward foreign exchange contracts | Designated as hedging instruments | Cash flow hedging        
Derivative [Line Items]        
Derivative, notional amount $ 499     $ 433
Forward contracts | Forward foreign exchange contracts | Not designated as hedging instruments        
Derivative [Line Items]        
Derivative, notional amount $ 2,700     $ 3,200
v3.26.1
Derivative Financial Instruments and Hedging Activities - Schedule of Maturity Date and Aggregate Notional Amount Outstanding of Net Investment Hedges (Details) - Net investment hedges - Forward contracts - Designated as hedging instruments - USD ($)
$ in Millions
Feb. 28, 2026
Aug. 31, 2025
October 2025    
Derivative [Line Items]    
Derivative, notional amount $ 0 $ 103
January 2026    
Derivative [Line Items]    
Derivative, notional amount 0 200
April 2026    
Derivative [Line Items]    
Derivative, notional amount 44 42
July 2026    
Derivative [Line Items]    
Derivative, notional amount 166 45
October 2026    
Derivative [Line Items]    
Derivative, notional amount 59 0
July 2027    
Derivative [Line Items]    
Derivative, notional amount 117 0
Forward foreign exchange contracts    
Derivative [Line Items]    
Derivative, notional amount $ 386 $ 390
v3.26.1
Stockholders' Equity - Schedule of Recognized Stock-Based Compensation (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Feb. 28, 2026
Feb. 28, 2025
Feb. 28, 2026
Feb. 28, 2025
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Total $ 27 $ 21 $ 90 $ 65
Restricted stock units        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Total 19 15 77 55
Employee stock purchase plan        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Total $ 8 $ 6 $ 13 $ 10
v3.26.1
Stockholders' Equity - Additional Information (Details) - $ / shares
 6 Months Ended
Feb. 28, 2026
Feb. 28, 2025
Dec. 27, 2024
Amazon com NV Investment Holdings LLC | Warrant Shares      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Number of securities called by warrants (in shares)     1,158,539
Exercise price (in usd per share)     $ 137.7671
Expected life     7 years
Time-based restricted stock units      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Award vesting period 3 years    
Restricted stock units awarded (in shares) 400,000 600,000  
Performance-based restricted stock units      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Award vesting period 3 years    
Restricted stock units awarded (in shares) 100,000 100,000  
Performance-based restricted stock units | Maximum      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Award vesting percentage 200.00%    
Market-based restricted stock units      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Award vesting period 3 years    
Restricted stock units awarded (in shares) 100,000 100,000  
Market-based restricted stock units | Maximum      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Award vesting percentage 200.00%    
2021 Equity Incentive Plan      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Number of shares available to be issued (in shares) 6,556,271    
v3.26.1
Stockholders' Equity - Schedule of Stock-based Compensation Information (Details)
$ in Millions
 6 Months Ended
Feb. 28, 2026
USD ($)
Share-Based Payment Arrangement [Abstract]  
Unrecognized stock-based compensation expense – restricted stock units $ 92
Remaining weighted-average period for restricted stock units expense 1 year 6 months
v3.26.1
Stockholders' Equity - Schedule of Common Stock Outstanding (Details) - shares
 3 Months Ended 6 Months Ended 12 Months Ended
Feb. 28, 2026
Feb. 28, 2025
Feb. 28, 2026
Aug. 31, 2025
Feb. 28, 2025
Aug. 31, 2025
Common stock outstanding:            
Common stock outstanding, beginning balances (in shares)     107,480,895      
Treasury shares purchased (in shares) (500,000) (700,000) (1,700,000)   (2,500,000)  
Common stock outstanding, ending balance (in shares) 105,818,234   105,818,234 107,480,895   107,480,895
Common stock:            
Common stock outstanding:            
Common stock outstanding, beginning balances (in shares) 106,822,960 111,693,059 107,480,895 109,539,804 113,744,167 113,744,167
Shares issued under employee stock purchase plan (in shares) 210,729 355,851 210,750   355,851  
Vesting of restricted stock (in shares) 13,111 6,419 1,101,759   1,089,031  
Purchases of treasury stock under employee stock plans (in shares) (873) (991) (315,109)   (323,991)  
Treasury shares purchased (in shares) (1,227,693) (2,514,534) (2,660,061)   (5,325,254)  
Common stock outstanding, ending balance (in shares) 105,818,234 109,539,804 105,818,234 107,480,895 109,539,804 107,480,895
v3.26.1
Stockholders' Equity - Schedule of Repurchase of Common Stock under Share Repurchase Program (Details) - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended 7 Months Ended 12 Months Ended 15 Months Ended
Feb. 28, 2026
Feb. 28, 2025
Feb. 28, 2026
Feb. 28, 2025
Apr. 01, 2026
Aug. 31, 2025
Nov. 30, 2024
Nov. 30, 2023
Share Repurchase Program [Line Items]                
Shares Repurchased (in shares) 0.5 0.7 1.7 2.5        
Total Cash Utilized     $ 600 $ 636        
Amended 2023 Share Repurchase Program                
Share Repurchase Program [Line Items]                
Amount Authorized               $ 2,500
Shares Repurchased (in shares)             20.4  
Total Cash Utilized             $ 2,500  
Remaining Authorization             0  
2025 Share Repurchase Program                
Share Repurchase Program [Line Items]                
Amount Authorized             $ 1,000  
Shares Repurchased (in shares)           6.6    
Total Cash Utilized           $ 1,000    
Remaining Authorization           0    
2026 Share Repurchase Program                
Share Repurchase Program [Line Items]                
Amount Authorized           $ 1,000    
Shares Repurchased (in shares)     2.7          
Total Cash Utilized     $ 600          
Remaining Authorization $ 400   $ 400          
2026 Share Repurchase Program | Subsequent event                
Share Repurchase Program [Line Items]                
Shares Repurchased (in shares)         3.0      
Total Cash Utilized         $ 666      
Remaining Authorization         $ 334      
v3.26.1
Stockholders' Equity - Schedule of Accelerated Share Repurchases Agreement (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
 1 Months Ended 3 Months Ended 4 Months Ended 6 Months Ended
Mar. 31, 2026
Dec. 31, 2025
Oct. 31, 2025
Feb. 28, 2026
Nov. 30, 2025
Aug. 31, 2025
May 31, 2025
Feb. 28, 2025
Nov. 30, 2024
Aug. 31, 2024
Mar. 31, 2026
Feb. 28, 2026
Aug. 31, 2025
May 31, 2025
Feb. 28, 2025
Nov. 30, 2024
Share Repurchase Program [Line Items]                                
Total Shares Delivered (in shares)       0.5       0.7       1.7     2.5  
Payments for repurchase of common stock                       $ 600     $ 636  
Accelerated Share Repurchase Program                                
Share Repurchase Program [Line Items]                                
Agreement Amount       $ 200 $ 45   $ 309 $ 310   $ 555   $ 200   $ 309 $ 310  
Initial Shares Delivered (in shares)       0.8 0.2   1.8 1.8   4.2            
Additional Shares Delivered (in shares)       0.0   0.0 0.2   1.0              
Total Shares Delivered (in shares)                       0.2 1.8 2.0   5.2
Average Price Paid Per Share (in dollars per share)                       $ 209.67 $ 171.91 $ 154.44   $ 107.08
Value of shares repurchased   $ 200 $ 45                          
Payments for repurchase of common stock   $ 200 $ 45                          
Accelerated Share Repurchase Program | Subsequent event                                
Share Repurchase Program [Line Items]                                
Additional Shares Delivered (in shares) 0.0                              
Total Shares Delivered (in shares)                     0.8          
Average Price Paid Per Share (in dollars per share)                     $ 246.29          
v3.26.1
Stockholders' Equity - Schedule of Common Stock Repurchased through Open Market (Details) - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended 7 Months Ended
Feb. 28, 2026
Feb. 28, 2025
Feb. 28, 2026
Feb. 28, 2025
Apr. 01, 2026
Share Repurchase Program [Line Items]          
Shares Repurchased (in shares) 0.5 0.7 1.7 2.5  
Cost $ 100 $ 94 $ 355 $ 326  
2026 Share Repurchase Program - Open Market Share Repurchases | Subsequent event          
Share Repurchase Program [Line Items]          
Shares Repurchased (in shares)         2.0
Cost         $ 421
v3.26.1
Stockholders' Equity - Schedule of Stockholders' Equity Note, Warrants or Rights (Details) - Warrant Shares
 6 Months Ended
Feb. 28, 2026
shares
Warrant Shares  
Beginning balance (in shares) 1,098,957
Granted (in shares) 0
Vested (in shares) 0
Ending balance (in shares) 1,098,957
Exercisable (in shares) 59,582
v3.26.1
Concentration of Risk and Segment Data - Additional Information (Details)
 6 Months Ended
Feb. 28, 2026
segment
country
Revenue, Major Customer [Line Items]  
Number of operating segments 3
Number of reportable segments 3
Number of operating countries | country 30
Five Largest Customers | Revenue from Contract with Customer Benchmark | Customer Concentration  
Revenue, Major Customer [Line Items]  
Concentration risk, percentage 38.00%
Seventy Eight Customers | Revenue from Contract with Customer Benchmark | Customer Concentration  
Revenue, Major Customer [Line Items]  
Concentration risk, percentage 90.00%
v3.26.1
Concentration of Risk and Segment Data - Schedule of Revenues Disaggregated by Segment (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Feb. 28, 2026
Feb. 28, 2025
Feb. 28, 2026
Feb. 28, 2025
Disaggregation of Revenue [Line Items]        
Net revenue $ 8,282 $ 6,728 $ 16,587 $ 13,722
Segment income 374 245 657 442
Operating Segments        
Disaggregation of Revenue [Line Items]        
Net revenue 8,282 6,728 16,587 13,722
Segment expenses 7,846 6,394 15,697 13,041
Segment income $ 436 $ 334 $ 890 $ 681
Segment income margin 5.30% 5.00% 5.40% 5.00%
Point in time | Operating Segments        
Disaggregation of Revenue [Line Items]        
Net revenue $ 2,912 $ 1,715 $ 5,886 $ 3,411
Over time | Operating Segments        
Disaggregation of Revenue [Line Items]        
Net revenue 5,370 5,013 10,701 10,311
Regulated Industries | Operating Segments        
Disaggregation of Revenue [Line Items]        
Net revenue 3,026 2,741 6,099 5,698
Segment expenses 2,881 2,609 5,777 5,428
Segment income $ 145 $ 132 $ 322 $ 270
Segment income margin 4.80% 4.80% 5.30% 4.70%
Regulated Industries | Point in time | Operating Segments        
Disaggregation of Revenue [Line Items]        
Net revenue $ 127 $ 133 $ 251 $ 268
Regulated Industries | Over time | Operating Segments        
Disaggregation of Revenue [Line Items]        
Net revenue 2,899 2,608 5,848 5,430
Intelligent Infrastructure | Operating Segments        
Disaggregation of Revenue [Line Items]        
Net revenue 4,028 2,647 7,881 5,143
Segment expenses 3,797 2,506 7,448 4,882
Segment income $ 231 $ 141 $ 433 $ 261
Segment income margin 5.70% 5.30% 5.50% 5.10%
Intelligent Infrastructure | Point in time | Operating Segments        
Disaggregation of Revenue [Line Items]        
Net revenue $ 2,358 $ 1,217 $ 4,683 $ 2,323
Intelligent Infrastructure | Over time | Operating Segments        
Disaggregation of Revenue [Line Items]        
Net revenue 1,670 1,430 3,198 2,820
Connected Living and Digital Commerce | Operating Segments        
Disaggregation of Revenue [Line Items]        
Net revenue 1,228 1,340 2,607 2,881
Segment expenses 1,168 1,279 2,472 2,731
Segment income $ 60 $ 61 $ 135 $ 150
Segment income margin 4.90% 4.50% 5.20% 5.20%
Connected Living and Digital Commerce | Point in time | Operating Segments        
Disaggregation of Revenue [Line Items]        
Net revenue $ 427 $ 365 $ 952 $ 820
Connected Living and Digital Commerce | Over time | Operating Segments        
Disaggregation of Revenue [Line Items]        
Net revenue $ 801 $ 975 $ 1,655 $ 2,061
v3.26.1
Concentration of Risk and Segment Data - Schedule of Segment Income and Reconciliation of Income Before Income Tax (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Feb. 28, 2026
Feb. 28, 2025
Feb. 28, 2026
Feb. 28, 2025
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]        
Segment income $ 374 $ 245 $ 657 $ 442
Reconciling items:        
Amortization of intangibles (23) (15) (42) (28)
Stock-based compensation expense and related charges (27) (21) (90) (65)
Restructuring, severance and related charges (5) (45) (81) (128)
Loss from the divestiture of businesses (2) 0 0 0
Acquisition and divestiture related charges (6) (8) (21) (8)
Interest expense, net (43) (37) (77) (75)
Income before income tax 300 184 520 323
Hanley Energy Group | Foreign Exchange | Forward contracts        
Reconciling items:        
Derivative instruments not designated as hedging instruments, gain (loss), net 11   8  
Operating Segments        
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]        
Segment income 436 334 890 681
Segment Reconciling Items        
Reconciling items:        
Amortization of intangibles (23) (15) (42) (28)
Stock-based compensation expense and related charges (27) (21) (90) (65)
Restructuring, severance and related charges (5) (45) (81) (128)
Business interruption and impairment charges, net 0 0 0 (9)
Loss from the divestiture of businesses (2) 0 0 0
Acquisition and divestiture related charges (6) (8) (21) (8)
Other expense (net of periodic benefit cost) (30) (24) (59) (45)
Interest expense, net $ (43) $ (37) $ (77) $ (75)
v3.26.1
Concentration of Risk and Segment Data - Schedule of Segment Assets (Details) - USD ($)
$ in Millions
Feb. 28, 2026
Aug. 31, 2025
Segment Reporting, Asset Reconciling Item [Line Items]    
Assets $ 20,628 $ 18,543
Operating Segments | Regulated Industries    
Segment Reporting, Asset Reconciling Item [Line Items]    
Assets 6,590 6,262
Operating Segments | Intelligent Infrastructure    
Segment Reporting, Asset Reconciling Item [Line Items]    
Assets 5,007 3,739
Operating Segments | Connected Living and Digital Commerce    
Segment Reporting, Asset Reconciling Item [Line Items]    
Assets 2,248 2,199
Other non-allocated assets    
Segment Reporting, Asset Reconciling Item [Line Items]    
Assets $ 6,783 $ 6,343
v3.26.1
Concentration of Risk and Segment Data - Schedule of Foreign Source Revenue (Details)
 3 Months Ended 6 Months Ended
Feb. 28, 2026
Feb. 28, 2025
Feb. 28, 2026
Feb. 28, 2025
Foreign source revenue | Revenue from Contract with Customer Benchmark | Foreign source revenue        
Concentration Risk [Line Items]        
Foreign source revenue 72.60% 77.00% 72.70% 78.90%
v3.26.1
Restructuring, Severance, and Related Charges - Schedule of Restructuring, Severance and Related Charges (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Feb. 28, 2026
Feb. 28, 2025
Feb. 28, 2026
Feb. 28, 2025
Restructuring Cost and Reserve [Line Items]        
Restructuring, severance and related charges $ 5 $ 45 $ 81 $ 128
Operating Segments | Regulated Industries        
Restructuring Cost and Reserve [Line Items]        
Restructuring, severance and related charges 1 3 46 24
Operating Segments | Intelligent Infrastructure        
Restructuring Cost and Reserve [Line Items]        
Restructuring, severance and related charges 1 21 6 50
Operating Segments | Connected Living and Digital Commerce        
Restructuring Cost and Reserve [Line Items]        
Restructuring, severance and related charges 3 (1) 28 5
Non-allocated charges        
Restructuring Cost and Reserve [Line Items]        
Restructuring, severance and related charges 0 22 1 49
Employee severance and benefit costs        
Restructuring Cost and Reserve [Line Items]        
Restructuring, severance and related charges 1 18 33 45
Lease costs        
Restructuring Cost and Reserve [Line Items]        
Restructuring, severance and related charges 0 1 0 4
Asset write-off costs        
Restructuring Cost and Reserve [Line Items]        
Restructuring, severance and related charges 1 4 32 27
Other costs        
Restructuring Cost and Reserve [Line Items]        
Restructuring, severance and related charges $ 3 $ 22 $ 16 $ 52
v3.26.1
Restructuring, Severance, and Related Charges - Schedule of Liability Activity (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Feb. 28, 2026
Feb. 28, 2025
Feb. 28, 2026
Feb. 28, 2025
Restructuring Reserve [Roll Forward]        
Beginning balance     $ 33  
Restructuring related charges $ 5 $ 45 81 $ 128
Asset write-off charge and other non-cash activity     (44)  
Cash payments     (43)  
Ending balance 27   27  
Employee Severance and Benefit Costs        
Restructuring Reserve [Roll Forward]        
Beginning balance     16  
Restructuring related charges 1 18 33 45
Asset write-off charge and other non-cash activity     0  
Cash payments     (34)  
Ending balance 15   15  
Lease Costs        
Restructuring Reserve [Roll Forward]        
Beginning balance     0  
Restructuring related charges 0 1 0 4
Asset write-off charge and other non-cash activity     0  
Cash payments     0  
Ending balance 0   0  
Asset Write-off Costs        
Restructuring Reserve [Roll Forward]        
Beginning balance     0  
Restructuring related charges 1 4 32 27
Asset write-off charge and other non-cash activity     (32)  
Cash payments     0  
Ending balance 0   0  
Other Related Costs        
Restructuring Reserve [Roll Forward]        
Beginning balance     17  
Restructuring related charges 3 $ 22 16 $ 52
Asset write-off charge and other non-cash activity     (12)  
Cash payments     (9)  
Ending balance $ 12   $ 12  
v3.26.1
Restructuring, Severance, and Related Charges - Additional Information (Details)
$ in Millions
Feb. 28, 2026
USD ($)
2025 Restructuring Plan  
Restructuring Cost and Reserve [Line Items]  
Total pre-tax restructuring and other related costs expected to be recognized $ 200
v3.26.1
Income Taxes - Schedule of U.S. Federal Statutory Income Tax Rate Compared to Actual Income Tax Expense (Details)
 3 Months Ended 6 Months Ended
Feb. 28, 2026
Feb. 28, 2025
Feb. 28, 2026
Feb. 28, 2025
Income Tax Disclosure [Abstract]        
U.S. federal statutory income tax rate 21.00% 21.00% 21.00% 21.00%
Effective income tax rate 26.20% 36.20% 29.30% 32.70%
v3.26.1
Income Taxes - Additional Information (Details)
$ in Millions
 6 Months Ended
Feb. 28, 2025
USD ($)
Income Tax Disclosure [Abstract]  
Income tax benefit from lapse of applicable statute of limitations $ 18
v3.26.1
Earnings Per Share and Dividends - Schedule of Earnings Per Share (Details) - shares
 3 Months Ended 6 Months Ended
Feb. 28, 2026
Feb. 28, 2025
Feb. 28, 2026
Feb. 28, 2025
Restricted stock units        
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
Common shares excluded from computation of diluted earnings per share (in shares) 231,900 334,300 231,900 334,300
v3.26.1
Earnings Per Share and Dividends - Schedule of Cash Dividends Declared by the Company to Common Stockholders (Details) - USD ($)
$ / shares in Units, $ in Millions
 3 Months Ended
Feb. 28, 2026
Nov. 30, 2025
Feb. 28, 2025
Nov. 30, 2024
Earnings Per Share [Abstract]        
Dividends per Share (in usd per share) $ 0.08 $ 0.08 $ 0.08 $ 0.08
Total of Cash Dividends Declared $ 9 $ 9 $ 8 $ 9
v3.26.1
Business Acquisitions and Divestitures (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jan. 02, 2026
Sep. 01, 2025
Feb. 03, 2025
Oct. 01, 2024
Feb. 28, 2026
Aug. 31, 2025
Feb. 28, 2025
Feb. 28, 2026
Feb. 28, 2025
Aug. 01, 2025
Business Combination [Line Items]                    
Goodwill         $ 1,229 $ 841   $ 1,229    
Loss on disposition of business         2   $ 0 0 $ 0  
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Divested Operations in Italy | Jabil Circuit Italia S.r.l (JCI)                    
Business Combination [Line Items]                    
Derecognized net assets                   $ 36
Loss on disposition of business           $ 97        
Cash paid to buyer                   $ 63
Hanley Energy Group                    
Business Combination [Line Items]                    
Amount of cash paid for business acquisitions $ 748                  
Assets acquired 899                  
Intangible assets 366       366     366    
Goodwill 340                  
Liabilities assumed $ 151                  
Rebound Technologies Group Holdings Limited                    
Business Combination [Line Items]                    
Amount of cash paid for business acquisitions   $ 133                
Assets acquired   176                
Intangible assets   48     $ 48     $ 48    
Goodwill   44                
Liabilities assumed   $ 43                
Pharmaceutics International, Inc                    
Business Combination [Line Items]                    
Amount of cash paid for business acquisitions     $ 309              
Assets acquired     358              
Intangible assets     149              
Goodwill     142              
Liabilities assumed     $ 49              
Mikros Technologies LLC                    
Business Combination [Line Items]                    
Assets acquired       $ 63            
Intangible assets       40            
Goodwill       17            
Consideration transferred       $ 63            
v3.26.1
Fair Value Measurements - Additional Information (Details) - USD ($)
$ in Millions
Feb. 28, 2026
Aug. 31, 2025
Recurring | Level 1    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Cash equivalents $ 627 $ 392
v3.26.1
Fair Value Measurements - Schedule of Fair Value of Financial Instruments (Details) - USD ($)
$ in Millions
Feb. 28, 2026
Jan. 23, 2026
Aug. 31, 2025
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Carrying Amount $ 3,876   $ 2,885
Senior Notes | 3.950% Senior Notes      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Stated interest rate 3.95%    
Carrying Amount $ 499   499
Senior Notes | 3.600% Senior Notes      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Stated interest rate 3.60%    
Carrying Amount $ 498   498
Senior Notes | 3.000% Senior Notes      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Stated interest rate 3.00%    
Carrying Amount $ 595   595
Senior Notes | 1.700% Senior Notes      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Stated interest rate 1.70%    
Carrying Amount $ 500   499
Senior Notes | 4.250% Senior Notes      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Stated interest rate 4.25%    
Carrying Amount $ 498   497
Senior Notes | 5.450% Senior Notes      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Stated interest rate 5.45%    
Carrying Amount $ 298   297
Senior Notes | 4.200% Senior Notes      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Stated interest rate 4.20% 4.20%  
Carrying Amount $ 497   0
Senior Notes | 4.750% Senior Notes      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Stated interest rate 4.75% 4.75%  
Carrying Amount $ 491   0
Senior Notes | Carrying Amount | Level 2 | 3.950% Senior Notes      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Carrying Amount 499   499
Senior Notes | Carrying Amount | Level 2 | 3.600% Senior Notes      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Carrying Amount 498   498
Senior Notes | Carrying Amount | Level 2 | 3.000% Senior Notes      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Carrying Amount 595   595
Senior Notes | Carrying Amount | Level 2 | 1.700% Senior Notes      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Carrying Amount 500   499
Senior Notes | Carrying Amount | Level 2 | 4.250% Senior Notes      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Carrying Amount 498   497
Senior Notes | Carrying Amount | Level 2 | 5.450% Senior Notes      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Carrying Amount 298   297
Senior Notes | Carrying Amount | Level 2 | 4.200% Senior Notes      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Carrying Amount 497   0
Senior Notes | Carrying Amount | Level 2 | 4.750% Senior Notes      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Carrying Amount 491   0
Senior Notes | Fair Value | Level 2 | 3.950% Senior Notes      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Fair Value 499   496
Senior Notes | Fair Value | Level 2 | 3.600% Senior Notes      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Fair Value 487   480
Senior Notes | Fair Value | Level 2 | 3.000% Senior Notes      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Fair Value 563   551
Senior Notes | Fair Value | Level 2 | 1.700% Senior Notes      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Fair Value 498   492
Senior Notes | Fair Value | Level 2 | 4.250% Senior Notes      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Fair Value 502   500
Senior Notes | Fair Value | Level 2 | 5.450% Senior Notes      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Fair Value 311   308
Senior Notes | Fair Value | Level 2 | 4.200% Senior Notes      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Fair Value 501   0
Senior Notes | Fair Value | Level 2 | 4.750% Senior Notes      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Fair Value $ 498   $ 0