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Accrued Expenses
6 Months Ended
Feb. 28, 2021
Accrued Liabilities, Current [Abstract]  
Accrued Expenses Accrued Expenses
Accrued expenses consist of the following (in thousands):
February 28, 2021 August 31, 2020
Contract liabilities(1)
$ 524,053  $ 496,219 
Accrued compensation and employee benefits 666,808  703,250 
Other accrued expenses 1,846,297  2,012,059 
Accrued expenses $ 3,037,158  $ 3,211,528 
(1)Revenue recognized during the six months ended February 28, 2021 and February 29, 2020 that was included in the contract liability balance as of August 31, 2020 and 2019 was $233.3 million and $201.1 million, respectively.