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RETIREMENT AND PROFIT SHARING PLANS (Tables)

12 Months Ended

Aug. 31, 2022

Retirement Benefits [Abstract]

Schedule of Weighted-Average Assumptions Used to Determine the Fiscal Year-End Pension Benefit

The weighted-average assumptions used to determine the defined benefit pension obligations as of August 31 and the net periodic pension expense are as follows:

			Pension Plans																																				Postretirement Plans
			August 31, 2022												August 31, 2021												August 31, 2020												August 31, 2022						August 31, 2021						August 31, 2020
			U.S. Plans						Non-U.S. Plans						U.S.  Plans						Non-U.S. Plans						U.S.  Plans						Non-U.S. Plans						U.S. and Non-U.S. Plans						U.S. and Non-U.S. Plans						U.S. and Non-U.S. Plans
Discount rate for determining projected benefit obligation			4.25		%				3.99		%				2.50		%				2.41		%				2.50		%				2.27		%				4.28		%				2.53		%				2.51		%
Discount rate for determining net periodic pension expense			2.50		%				2.41		%				2.50		%				2.27		%				3.00		%				2.24		%				2.53		%				2.51		%				3.00		%
Long term rate of return on plan assets			3.50		%				2.23		%				3.50		%				2.63		%				4.25		%				2.81		%				2.89		%				3.06		%				3.45		%
Rate of increase in future compensation for determining projected benefit obligation			2.07		%				5.30		%				2.09		%				4.48		%				2.21		%				4.04		%				N/A						N/A						N/A
Rate of increase in future compensation for determining net periodic pension expense			2.09		%				4.48		%				2.21		%				4.04		%				2.23		%				4.02		%				N/A						N/A						N/A
Interest crediting rate for determining projected benefit obligation			N/A						1.37		%				N/A						0.77		%				N/A						0.68		%				N/A						N/A						N/A
Interest crediting rate for determining net periodic pension expense			N/A						0.77		%				N/A						0.68		%				N/A						0.69		%				N/A						N/A						N/A

Schedule of Changes in Benefit Obligation, Plan Assets and Funded Status

The changes in the benefit obligations, plan assets and funded status of our pension and postretirement benefit plans for fiscal 2022 and 2021 are as follows:

			Pension Plans																								Postretirement Plans
			August 31, 2022												August 31, 2021												August 31, 2022						August 31, 2021
			U.S. Plans						Non-U.S. Plans						U.S. Plans						Non-U.S. Plans						U.S. and Non-U.S. Plans						U.S. and Non-U.S. Plans
Reconciliation of benefit obligation
Benefit obligation, beginning of year			$	406,328					$	2,337,120					$	408,266					$	2,357,405					$	734,271					$	649,328
Service cost			2,087						128,723						2,579						113,882						36,066						25,307
Interest cost			7,762						49,136						7,628						47,692						17,127						13,775
Participant contributions			—						20,274						—						13,241						—						—
Acquisitions/divestitures/transfers			—						36,262						—						117,422						—						—
Amendments			—						(1,052)						—						(21,356)						—						(6,214)
Curtailment			—						—						—						(1,381)						—						—
Pension settlement			—						—						—						(211,506)						—						—
Actuarial (gain) loss			(70,541)						(218,036)						3,731						45,063						(181,512)						60,095
Benefits paid			(16,729)						(104,257)						(15,876)						(124,531)						(15,515)						(9,357)
Exchange rate impact			—						(236,512)						—						1,189						(693)						1,337
Benefit obligation, end of year			$	328,907					$	2,011,658					$	406,328					$	2,337,120					$	589,744					$	734,271
Reconciliation of fair value of plan assets
Fair value of plan assets, beginning of year			$	291,652					$	1,326,259					$	281,189					$	1,355,707					$	32,550					$	31,826
Actual return on plan assets			(52,564)						(119,123)						5,481						88,056						(4,985)						481
Acquisitions/divestitures/transfers			—						8,097						—						94,635						—						—
Employer contributions			10,901						120,322						20,858						97,217						13,743						9,600
Participant contributions			—						20,274						—						13,241						—						—
Pension settlement			—						378						—						(211,506)						—						—
Benefits paid			(16,729)						(104,257)						(15,876)						(124,531)						(15,515)						(9,357)
Exchange rate impact			—						(125,079)						—						13,440						—						—
Fair value of plan assets, end of year			$	233,260					$	1,126,871					$	291,652					$	1,326,259					$	25,793					$	32,550
Funded status, end of year			$	(95,647)					$	(884,787)					$	(114,676)					$	(1,010,861)					$	(563,951)					$	(701,721)
Amounts recognized in the Consolidated Balance Sheets
Non-current assets			$	7,901					$	148,836					$	9,543					$	166,478					$	—					$	—
Current liabilities			(10,529)						(60,642)						(10,651)						(53,097)						(1,267)						(1,266)
Non-current liabilities			(93,019)						(972,981)						(113,568)						(1,124,242)						(562,684)						(700,455)
Funded status, end of year			$	(95,647)					$	(884,787)					$	(114,676)					$	(1,010,861)					$	(563,951)					$	(701,721)

Schedule of Defined Benefit Plan in Accumulated Other Comprehensive Income (Loss)

The pre-tax accumulated net loss and prior service (credit) cost recognized in Accumulated other comprehensive loss as of August 31, 2022 and 2021 is as follows:

			Pension Plans																								Postretirement Plans
			August 31, 2022												August 31, 2021												August 31, 2022						August 31, 2021
			U.S. Plans						Non-U.S.  Plans						U.S. Plans						Non-U.S.  Plans						U.S. and Non-U.S. Plans						U.S. and Non-U.S. Plans
Net loss			$	93,663					$	370,478					$	109,433					$	525,172					$	23,526					$	208,784
Prior service (credit) cost			—						(4,478)						—						(2,704)						6,101						7,080
Accumulated other comprehensive loss, pre-tax			$	93,663					$	366,000					$	109,433					$	522,468					$	29,627					$	215,864

Schedule of Accumulated Benefit Obligation

The accumulated benefit obligation for defined benefit pension plans as of August 31, 2022 and 2021 is as follows:

			August 31, 2022												August 31, 2021
			U.S. Plans						Non-U.S. Plans						U.S. Plans						Non-U.S. Plans
Accumulated benefit obligation			$	325,991					$	1,730,451					$	401,527					$	1,989,178

Schedule of Projected Benefit Obligation in Excess of Plan Assets

The following information is provided for defined benefit pension plans and postretirement plans with projected benefit obligations in excess of plan assets and for defined benefit pension plans with accumulated benefit obligations in excess of plan assets as of August 31, 2022 and 2021:

			Pension Plans																								Postretirement Plans
			August 31, 2022												August 31, 2021												August 31, 2022						August 31, 2021
			U.S. Plans						Non-U.S. Plans						U.S. Plans						Non-U.S. Plans						U.S. and Non-U.S. Plans						U.S. and Non-U.S. Plans
Projected benefit obligation in excess of plan assets
Projected benefit obligation			$	103,548					$	1,364,096					$	124,219					$	1,716,981					$	589,744					$	734,271
Fair value of plan assets			—						330,473						—						539,641						25,793						32,550

Schedule of Accumulated Benefit Obligation in Excess of Plan Assets

			August 31, 2022												August 31, 2021
			U.S. Plans						Non-U.S. Plans						U.S. Plans						Non-U.S. Plans
Accumulated benefit obligation in excess of plan assets
Accumulated benefit obligation			$	103,548					$	1,073,411					$	124,219					$	1,321,965
Fair value of plan assets			—						279,864						—						379,567

Schedule of Weighted-Average Plan Assets Allocation

Our target allocation for fiscal 2023 and weighted-average plan assets allocations as of August 31, 2022 and 2021 by asset category for defined benefit pension plans are as follows:

			2023 Target Allocation												2022												2021
			U.S. Plans						Non-U.S. Plans						U.S. Plans						Non-U.S. Plans						U.S. Plans						Non-U.S. Plans
Asset Category
Equity securities			—		%				27		%				—		%				21		%				—		%				21		%
Debt securities			100						48						97						50						98						51
Cash and short-term investments			—						4						3						4						2						4
Insurance contracts			—						11						—						15						—						16
Other			—						10						—						10						—						8
Total			100		%				100		%				100		%				100		%				100		%				100		%

Schedule of Fair Value of Plan Assets

The fair values of defined benefit pension and postretirement plan assets as of August 31, 2022 are as follows:

Non-U.S. Plans
			Level 1						Level 2						Level 3						Total
Equity
Mutual fund equity securities			$	4,954					$	234,339					$	—					$	239,293
Fixed Income
Non-U.S. government debt securities			168,705						—						—						168,705
Non-U.S. corporate debt securities			16,238						—						—						16,238
Mutual fund debt securities			—						379,989						—						379,989
Cash and short-term investments			48,089						—						—						48,089
Insurance contracts			—						69,902						97,881						167,783
Other			—						106,774						—						106,774
Total			$	237,986					$	791,004					$	97,881					$	1,126,871

The fair values of defined benefit pension and postretirement plan assets as of August 31, 2021 are as follows:

Non-U.S. Plans
			Level 1						Level 2						Level 3						Total
Equity
Mutual fund equity securities			$	—					$	273,541					$	—					$	273,541
Fixed Income
Non-U.S. government debt securities			183,891						—						—						183,891
Non-U.S. corporate debt securities			15,624						—						—						15,624
Mutual fund debt securities			—						484,182						—						484,182
Cash and short-term investments			48,825						—						—						48,825
Insurance contracts			—						79,227						130,934						210,161
Other			—						110,035						—						110,035
Total			$	248,340					$	946,985					$	130,934					$	1,326,259

Reconciliation of Fair Value Assets Measured on Recurring Basis

The following table provides a reconciliation of the beginning and ending balances of Level 3 assets for fiscal 2022:

Level 3 Assets			Fiscal 2022
Beginning balance			$	130,934
Changes in fair value			(33,053)
Ending Balance			$	97,881

The following table provides a reconciliation of the beginning and ending balances of Level 3 assets for fiscal 2021:

Level 3 Assets			Fiscal 2021
Beginning balance			$	140,305
Changes in fair value			(9,371)
Ending Balance			$	130,934

Schedule of Estimated Future Benefit Payments

Benefit payments for defined benefit pension plans and postretirement plans, which reflect expected future service, as appropriate, are expected to be paid as follows:

			Pension Plans												Postretirement Plans
			U.S. Plans						Non-U.S. Plans						U.S. and Non-U.S. Plans
2023			$	16,903					$	131,852					$	14,619
2024			17,680						125,266						16,144
2025			18,599						134,880						17,691
2026			19,408						137,913						19,471
2027			20,125						161,593						21,522
2028-2032			108,580						857,602						140,266

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