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Description of Business and Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Aug. 31, 2019
Accounting Policies [Abstract] |
Components of Property, Plant and Equipment | Estimated useful lives for major classes of depreciable assets are as follows:
Asset Class | Estimated Useful Life
Buildings | Up to 35 years
Leasehold improvements | Shorter of lease term or useful life of the improvement
Machinery and equipment | 2 to 10 years
Furniture, fixtures and office equipment | 5 years
Computer hardware and software | 3 to 7 years
Transportation equipment | 3 years
Property, plant and equipment consists of the following (in thousands):
| August 31,
| 2019 |  | 2018
Land and improvements | $ | 146,719 |  |  | $ | 144,136 |
Buildings | 962,559 |  |  | 849,975 |
Leasehold improvements | 1,092,787 |  |  | 1,013,428 |
Machinery and equipment | 4,262,015 |  |  | 3,983,025 |
Furniture, fixtures and office equipment | 209,257 |  |  | 192,243 |
Computer hardware and software | 671,252 |  |  | 601,955 |
Transportation equipment | 16,423 |  |  | 17,215 |
Construction in progress | 83,234 |  |  | 42,984 |
| 7,444,246 |  |  | 6,844,961 |
Less accumulated depreciation and amortization | 4,110,496 |  |  | 3,646,945 |
| $ | 3,333,750 |  |  | $ | 3,198,016 |
Summary of Changes in AOCI | The following table sets forth the changes in AOCI, net of tax, by component during the fiscal year ended August 31, 2019 (in thousands):
| Foreign Currency Translation Adjustment |  | Derivative Instruments |  | Actuarial (Loss) Gain |  | Prior Service (Cost) Credit |  | Available for Sale Securities |  | Total
Balance as of August 31, 2018 | $ | 7,431 |  |  | $ | 8,116 |  |  | $ | (25,021 | ) |  | $ | (643 | ) |  | $ | (9,282 | ) |  | $ | (19,399 | )
Other comprehensive (loss) income before reclassifications | (21,729 | ) |  | (67,773 | ) |  | (3,753 | ) |  | 79 |  |  | (24,508 | ) |  | (117,684 | )
Amounts reclassified from AOCI | — |  |  | 20,259 |  |  | 741 |  |  | (44 | ) |  | 33,333 |  |  | 54,289 |
Other comprehensive (loss) income(1) | (21,729 | ) |  | (47,514 | ) |  | (3,012 | ) |  | 35 |  |  | 8,825 |  |  | (63,395 | )
Balance as of August 31, 2019 | $ | (14,298 | ) |  | $ | (39,398 | ) |  | $ | (28,033 | ) |  | $ | (608 | ) |  | $ | (457 | ) |  | $ | (82,794 | )
(1) | Amounts are net of tax, which are immaterial.
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] | The following table sets forth the amounts reclassified from AOCI into the Consolidated Statements of Operations, and the associated financial statement line item, net of tax, for the periods indicated (in thousands):
|  |  |  | Fiscal Year Ended August 31,
Comprehensive Income Components |  | Financial Statement Line Item |  | 2019 |  | 2018 |  | 2017
Foreign currency translation adjustment |  | Operating income |  | $ | — |  |  | $ | — |  |  | $ | 5,947 |
Realized losses (gains) on derivative instruments:(3) |  |  |  |  |  |  |  |
Foreign exchange contracts |  | Cost of revenue |  | 21,982 |  |  | (9,379 | ) |  | 4,799 |
Interest rate contracts |  | Interest expense |  | (1,723 | ) |  | (13,697 | ) |  | 3,950 |
Actuarial loss |  | (1) |  | 741 |  |  | 1,127 |  |  | 1,929 |
Prior service credit |  | (1) |  | (44 | ) |  | (88 | ) |  | (138 | )
Available for sale securities |  | (2) |  | 33,333 |  |  | — |  |  | 10,139 |
Total amounts reclassified from AOCI(4) |  |  |  | $ | 54,289 |  |  | $ | (22,037 | ) |  | $ | 26,626 |
(1) | Amounts are included in the computation of net periodic benefit pension cost. Refer to Note 9 – “Postretirement and Other Employee Benefits” for additional information.
(2) | The portions of AOCI reclassified into earnings during the fiscal years ended August 31, 2019 and 2017 for available for sale securities were due to a restructuring of securities loss and an other than temporary impairments on securities, respectively, and were recorded to restructuring of securities loss and other expense, respectively.
(3) | The Company expects to reclassify $17.0 million into earnings during the next twelve months, which will primarily be classified as a component of cost of revenue.
(4) | Amounts are net of tax, which are immaterial for the fiscal years ended August 31, 2019 and 2017. The amount for the fiscal year ended August 31, 2018 includes a reduction to income tax expense related to derivative instruments of $14.8 million.
Dilutive Shares Outstanding Not Included in the Computation 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):
| Fiscal Year Ended August 31,
| 2019 |  | 2018 |  | 2017
Stock appreciation rights | — |  |  | — |  |  | 265 |
Restricted stock units | 796 |  |  | 2,426 |  |  | 4,539 |

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