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Notes Payable, Long-Term Debt and Capital Lease Obligations (Tables) | 6 Months Ended
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Feb. 28, 2018
Debt Disclosure [Abstract] |
Notes payable, long-term debt and capital lease obligations outstanding | Notes payable, long-term debt and capital lease obligations outstanding as of February 28, 2018 and August 31, 2017 are summarized below (in thousands):
|  | Maturity Date |  | February 28, 2018 |  | August 31, 2017
8.250% Senior Notes(1)(2)(3) |  | Mar 15, 2018 |  | $ | — |  |  | $ | 399,506 |
5.625% Senior Notes(1)(2) |  | Dec 15, 2020 |  | 397,549 |  |  | 397,104 |
4.700% Senior Notes(1)(2) |  | Sep 15, 2022 |  | 497,023 |  |  | 496,696 |
4.900% Senior Notes(1) |  | Jul 14, 2023 |  | 298,693 |  |  | 298,571 |
3.950% Senior Notes(1)(2)(3) |  | Jan 12, 2028 |  | 493,915 |  |  | — |
Borrowings under credit facilities(4) |  | Nov 8, 2022 |  | — |  |  | — |
Borrowings under loans(4) |  | Nov 8, 2022 |  | 494,005 |  |  | 458,395 |
Capital lease obligations |  |  |  | 27,451 |  |  | 27,818 |
Total notes payable, long-term debt and capital lease obligations |  |  |  | 2,208,636 |  |  | 2,078,090 |
Less current installments of notes payable, long-term debt and capital lease obligations |  |  |  | 27,158 |  |  | 445,498 |
Notes payable, long-term debt and capital lease obligations, less current installments |  |  |  | $ | 2,181,478 |  |  | $ | 1,632,592 |
(1) | The notes are carried at the principal amount of each note, less any unamortized discount and unamortized debt issuance costs.
(2) | The Senior Notes are the Company’s senior unsecured obligations and rank equally with all other existing and future senior unsecured debt obligations.
(3) | During the three months ended February 28, 2018, the Company issued $500.0 million of publicly registered 3.950% Senior Notes due 2028 (the "3.950% Senior Notes"). The net proceeds from the offering were used for general corporate purposes, including to redeem $400.0 million of the Company's outstanding 8.250% Senior Notes due 2018 and pay related costs and a "make-whole" premium.
(4) | On November 8, 2017, the Company entered into an amended and restated senior unsecured five-year credit agreement. The credit agreement provides for: (i) the Revolving Credit Facility in the initial amount of $1.8 billion, which may, subject to the lenders’ discretion, be increased up to $2.3 billion and (ii) a $500.0 million Term Loan Facility (collectively the “Credit Facility”). The Credit Facility expires on November 8, 2022. The Revolving Credit Facility is subject to two whole or partial one-year extensions, at the lenders’ discretion. Interest and fees on the Credit Facility advances are based on the Company’s non-credit enhanced long-term senior unsecured debt rating as determined by Standard & Poor’s Ratings Service, Moody’s Investors Service and Fitch Ratings.
During the six months ended February 28, 2018, the interest rates on the Revolving Credit Facility ranged from 2.4% to 4.4% and the interest rates on the Term Loan Facility ranged from 2.6% to 2.9%. Interest is charged at a rate equal to (a) for the Revolving Credit Facility, either 0.000% to 0.575% above the base rate or 0.975% to 1.575% above the Eurocurrency rate and (b) for the Term Loan Facility, either 0.125% to 0.875% above the base rate or 1.125% to 1.875% above the Eurocurrency rate. The base rate represents the greatest of: (i) Citibank, N.A.’s base rate, (ii) 0.50% above the federal funds rate, and (iii) 1.0% above one-month LIBOR, but not less than zero. The Eurocurrency rate represents adjusted LIBOR or adjusted CDOR, as applicable, for the applicable interest period, but not less than zero. Fees include a facility fee based on the revolving credit commitments of the lenders and a letter of credit fee based on the amount of outstanding letters of credit. Additionally, the Company’s foreign subsidiaries had various additional credit facilities that finance their future growth and any corresponding working capital needs. As of February 28, 2018, the Company has $2.2 billion in available unused borrowing capacity under its revolving credit facilities.

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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