Fair Value Measurements (Tables)

9 Months Ended

May 31, 2025

Schedule of Fair Value of Financial Assets and Liabilities

The following table presents the fair value of the Company's financial assets and liabilities measured at fair value by hierarchy level on a recurring basis as of the periods indicated (in millions):


	Fair Value Hierarchy		May 31, 2025		August 31, 2024
Assets:
Cash and cash equivalents:
Cash equivalents	Level 1	(1)	$	503	$	303
Prepaid expenses and other current assets:
Short-term investments	Level 1		26		27
Forward foreign exchange contracts:
Derivatives designated as hedging instruments (Note 10)	Level 2	(2)	20		11
Derivatives not designated as hedging instruments (Note 10)	Level 2	(2)	17		25
Net investment hedges:
Derivatives designated as hedging instruments (Note 10)	Level 2	(2)	1		—



Liabilities:
Accrued expenses:
Forward foreign exchange contracts:
Derivatives designated as hedging instruments (Note 10)	Level 2	(2)	$	—	$	28
Derivatives not designated as hedging instruments (Note 10)	Level 2	(2)	15		22
Net investment hedges:
Derivatives designated as hedging instruments (Note 10)	Level 2	(2)	15		6
Other liabilities:
Net investment hedges:
Derivatives designated as hedging instruments (Note 10)	Level 2	(2)	—		5

(1)Consist of investments that are readily convertible to cash with original maturities of 90 days or less.

(2)The Company’s forward foreign exchange contracts, including cash flow hedges and net investment hedges are measured on a recurring basis at fair value, based on foreign currency spot rates and forward rates quoted by banks or foreign currency dealers.

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):



			May 31, 2025				August 31, 2024
	Fair Value Hierarchy		Carrying Amount		Fair Value		Carrying Amount		Fair Value
Notes payable and long-term debt: (Note 6)

3.950% Senior Notes	Level 2	(1)	$	498	$	491	$	498	$	487
3.600% Senior Notes	Level 2	(1)	$	498	$	471	$	497	$	468
3.000% Senior Notes	Level 2	(1)	$	595	$	539	$	594	$	529
1.700% Senior Notes	Level 2	(1)	$	499	$	487	$	499	$	476
4.250% Senior Notes	Level 2	(1)	$	497	$	496	$	496	$	495
5.450% Senior Notes	Level 2	(1)	$	297	$	305	$	296	$	306

(1)The fair value estimates are based upon observable market data.

JABIL INC 10-Q