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Notes Payable and Long-Term Debt (Tables)
 3 Months Ended
Nov. 30, 2020
Debt Disclosure [Abstract]  
Schedule of Notes Payable and Long-term Debt
Notes payable and long-term debt outstanding as of November 30, 2020 and August 31, 2020 are summarized below (in thousands): 
Maturity Date November 30, 2020 August 31, 2020
4.700% Senior Notes
 Sep 15, 2022 $ 498,823  $ 498,659 
4.900% Senior Notes
 Jul 14, 2023 299,361  299,300 
3.950% Senior Notes
 Jan 12, 2028 495,594  495,440 
3.600% Senior Notes
 Jan 15, 2030 494,896  494,756 
3.000% Senior Notes
 Jan 15, 2031 590,400  590,162 
Borrowings under credit facilities(1)
 Apr 23, 2021, Jan 22, 2023 and Jan 22, 2025 —  — 
Borrowings under loans Jan 22, 2025 350,126  350,165 
Total notes payable and long-term debt 2,729,200  2,728,482 
Less current installments of notes payable and long-term debt
 50,195  50,194 
Notes payable and long-term debt, less current installments
 $ 2,679,005  $ 2,678,288 
(1)As of November 30, 2020, the Company has $3.8 billion in available unused borrowing capacity under its revolving credit facilities. The Revolving Credit Facility under the five-year unsecured credit facility entered into on January 22, 2020 (the “Credit Facility”) acts as the back-up facility for commercial paper outstanding, if any. The Company has a borrowing capacity of up to $1.8 billion under its commercial paper program.