XML 43 R31.htm IDEA: XBRL DOCUMENT
v3.19.1

Trade Accounts Receivable Securitization and Sale Programs (Tables) | 6 Months Ended
--- | ---
Feb. 28, 2019
Transfers and Servicing [Abstract] |
Asset-backed securitization programs and key terms | Following is a summary of the asset-backed securitization programs and key terms:
| Maximum Amount of Net Cash Proceeds (in millions)(1) |  | Expiration Date
North American | $ | 390.0 |  |  | November 22, 2021
Foreign | $ | 400.0 |  |  | September 30, 2021
(1) | Maximum amount available at any one time.
Asset-backed securitization programs amounts recognized | In connection with the asset-backed securitization programs, the Company recognized the following (in millions):
| Three months ended |  | Six months ended
| February 28, 2019 |  | February 28, 2018 |  | February 28, 2019(4) |  | February 28, 2018
Trade accounts receivable sold | $ | 1,078 |  |  | $ | 2,057 |  |  | $ | 1,828 |  |  | $ | 4,449 |
Cash proceeds received(1) | $ | 1,072 |  |  | $ | 1,507 |  |  | $ | 1,816 |  |  | $ | 3,895 |
Pre-tax losses on sale of receivables(2) | $ | 6 |  |  | $ | 3 |  |  | $ | 12 |  |  | $ | 7 |
Deferred purchase price receivables as of February 28(3) | $ | — |  |  | $ | 547 |  |  | $ | — |  |  | $ | 547 |
(1) | For the three months and six months ended February 28, 2019 and 2018, the amount primarily represented proceeds from collections reinvested in revolving-period transfers.
(2) | Recorded to other expense within the Condensed Consolidated Statements of Operations.
(3) | Recorded initially at fair value as prepaid expenses and other current assets on the Condensed Consolidated Balance Sheets and are valued using unobservable inputs (Level 3 inputs), primarily discounted cash flows, and due to their credit quality and short-term maturity the fair values approximated book values. The unobservable inputs consist of estimated credit losses and estimated discount rates, which both have an immaterial impact on the fair value calculations.
(4) | Excludes $650.3 million of trade accounts receivable sold, $488.1 million of cash and $13.9 million of net cash received prior to the amendment of the foreign asset-backed securitization program and under the previous North American asset-backed securitization program.
Trade accounts receivable sale programs key terms | The following is a summary of the 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:
Program | Maximum Amount (in millions)(1) |  |  | Type of Facility |  | Expiration Date
A | $ | 800.0 |  |  |  | Uncommitted |  | August 31, 2022(2)
B | $ | 150.0 |  |  |  | Uncommitted |  | November 30, 2019(3)
C | 800.0 |  | CNY |  | Uncommitted |  | June 30, 2019
D | $ | 100.0 |  |  |  | Uncommitted |  | May 4, 2023(4)
E | $ | 50.0 |  |  |  | Uncommitted |  | August 25, 2019
F | $ | 150.0 |  |  |  | Uncommitted |  | January 25, 2020(5)
G | $ | 50.0 |  |  |  | Uncommitted |  | February 23, 2023(2)
H | $ | 100.0 |  |  |  | Uncommitted |  | August 10, 2019(6)
I | $ | 100.0 |  |  |  | Uncommitted |  | July 21, 2019(7)
J | $ | 150.0 |  |  |  | Uncommitted |  | February 25, 2020(8)
(1) | Maximum amount available at any one time.
(2) | Any party may elect to terminate the agreement upon 15 days prior notice.
(3) | The program will automatically extend for one year at each expiration date unless either party provides 10 days notice of termination.
(4) | Any party may elect to terminate the agreement upon 30 days prior notice.
(5) | The program will be automatically extended through January 25, 2023 unless either party provides 30 days notice of termination.
(6) | The program will be automatically extended through August 10, 2023 unless either party provides 30 days notice of termination.
(7) | The program will be automatically extended through August 21, 2023 unless either party provides 30 days notice of termination.
(8) | The program will be automatically extended each year through February 23, 2024 unless either party provides 30 days notice of termination.
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 ended |  | Six months ended
| February 28, 2019 |  | February 28, 2018 |  | February 28, 2019 |  | February 28, 2018
Trade accounts receivable sold | $ | 1,719 |  |  | $ | 1,640 |  |  | $ | 3,553 |  |  | $ | 2,734 |
Cash proceeds received | $ | 1,712 |  |  | $ | 1,636 |  |  | $ | 3,538 |  |  | $ | 2,728 |
Pre-tax losses on sale of receivables(1) | $ | 7 |  |  | $ | 4 |  |  | $ | 15 |  |  | $ | 6 |
(1) | Recorded to other expense within the Condensed Consolidated Statement of Operations.

X
- Definition Schedule of asset back securitization amounts recognized. + References No definition available. + Details
Name: | jbl_AsetBackedSecuritizationProgramsAmountsRecognizedTableTextBlock
Namespace Prefix: | jbl_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of asset back securitization programs key terms. + References No definition available. + Details
Name: | jbl_AssetBackedSecuritizationProgramsKeyTermsTableTextBlock
Namespace Prefix: | jbl_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of trade accounts receivable sale program amounts recognized. + References No definition available. + Details
Name: | jbl_TradeAccountsReceivableSaleProgramsAmountsRecognizedTableTextBlock
Namespace Prefix: | jbl_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of trade accounts receivable sale programs key terms. + References No definition available. + Details
Name: | jbl_TradeAccountsReceivableSaleProgramsKeyTermsTableTextBlock
Namespace Prefix: | jbl_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_TransfersAndServicingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration