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Property, Plant and Equipment (Tables)

12 Months Ended

Aug. 31, 2020

Property, Plant and Equipment [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, 2020				August 31, 2019
Land and improvements	$	141,715			$	146,719
Buildings	1,152,204				962,559
Leasehold improvements	1,144,238				1,092,787
Machinery and equipment	4,685,611				4,262,015
Furniture, fixtures and office equipment	221,709				209,257
Computer hardware and software	760,195				671,252
Transportation equipment	9,061				16,423
Construction in progress	76,337				83,234
	8,191,070				7,444,246
Less accumulated depreciation and amortization	4,525,758				4,110,496
	$	3,665,312			$	3,333,750

Schedule of Depreciation and Maintenance and Repair Expenses

Depreciation and maintenance and repair expenses were as follows for the periods indicated (in thousands):

	Fiscal Year Ended August 31,
	2020				2019				2018
Depreciation expense	$	739,038			$	739,910			$	735,213
Maintenance and repair expense	$	333,772			$	288,309			$	266,691

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- Definition

Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(13))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

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- Definition

Tabular disclosure of each detailed component of other operating costs and expenses that are applicable to sales and revenues, but not included in the cost of sales in the income statement.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.3)
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227

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