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SALES OF ACCOUNTS RECEIVABLE (Activity of the Deferred Purchase Price Receivables) (Tables)
12 Months Ended
Aug. 31, 2018
Transfers and Servicing [Abstract]  
Activity of the deferred purchase price receivables
The following table summarizes the activity of the deferred purchase price receivables for the U.S. and international sale of trade accounts receivable programs.
(in thousands)
 
Total
 
U.S.*
 
Poland
 
Australia**
Balance at September 1, 2015
 
$
339,547

 
$
269,778

 
$
51,731

 
$
18,038

Transfers of trade accounts receivable
 
2,389,297

 
1,933,477

 
280,227

 
175,593

Collections
 
(2,439,096
)
 
(1,990,493
)
 
(281,634
)
 
(166,969
)
Balance at August 31, 2016
 
$
289,748

 
$
212,762

 
$
50,324

 
$
26,662

Transfers of trade accounts receivable
 
2,646,513

 
2,251,118

 
378,481

 
16,914

Collections
 
(2,596,836
)
 
(2,237,872
)
 
(349,305
)
 
(9,659
)
Exit from Programs
 
(124,302
)
 
(90,385
)
 

 
(33,917
)
Balance at August 31, 2017
 
$
215,123

 
$
135,623

 
$
79,500

 
$

Transfers of trade accounts receivable
 
2,932,379

 
2,396,780

 
535,599

 

Collections
 
(2,779,981
)
 
(2,260,321
)
 
(519,660
)
 

Balance at August 31, 2018
 
$
367,521

 
$
272,082

 
$
95,439

 
$

_________________________
* Includes the sale of trade accounts receivable activities related to discontinued operations. See Note 3, Changes in Business, for further discussion. For the years ended August 31, 2017 and 2016, transfers of trade accounts receivable were $354.5 million and $369.1 million, respectively, and collections were $325.7 million and $396.8 million, respectively. Redemptions of trade accounts receivable associated with the exit from the program were $83.7 million for the year ended August 31, 2017.

**Includes the sale of trade accounts receivable activities related to the Company's former Australian steel distribution business. See Note 3, Changes in Business, for further discussion. For the year ended August 31, 2017, there were no transfers of trade accounts receivable, collections were $3.7 million and redemptions of trade accounts receivable associated with the exit from the program were $1.6 million. For the year ended August 31, 2016, transfers of accounts receivable were $45.8 million, and collections were $61.7 million.