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CREDIT ARRANGEMENTS (Tables) | 12 Months Ended
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Aug. 31, 2020
Debt Disclosure [Abstract] |
Long-term debt, including the deferred gain from the termination of the interest rate swaps | Long-term debt was as follows:
|  | Weighted Average Interest Rate as of August 31, 2020 |  | Year Ended August 31, |  |
(in thousands) |  |  |  | 2020 |  | 2019
2027 Notes |  | 5.375% |  | $ | 300,000 |  |  | $ | 300,000 |
2026 Notes |  | 5.750% |  | 350,000 |  |  | 350,000 |
2023 Notes |  | 4.875% |  | 330,000 |  |  | 330,000 |
Poland Term Loan |  | 1.730% |  | 40,713 |  |  | — |
Other |  | 5.100% |  | 21,329 |  |  | 23,168 |
Term Loan |  | 3.148% |  | — |  |  | 210,125 |
Short-term borrowings |  | 0.980% |  | — |  |  | 3,929 |
Finance leases |  |  |  | 50,224 |  |  | 37,699 |
Total debt |  |  |  | 1,092,266 |  |  | 1,254,921 |
Less debt issuance costs |  |  |  | 8,581 |  |  | 10,268 |
Total amounts outstanding |  |  |  | 1,083,685 |  |  | 1,244,653 |
Less current maturities of long-term debt and short-term borrowings |  |  |  | 18,149 |  |  | 17,439 |
Long-term debt |  |  |  | $ | 1,065,536 |  |  | $ | 1,227,214 |
In July 2017, the Company issued $300.0 million of 5.375% Senior Notes due July 2027 (the "2027 Notes"). Interest on these notes is payable semiannually. In May 2018, the Company issued $350.0 million of 5.750% Senior Notes due April 2026 (the "2026 Notes"). Interest on the 2026 Notes is payable semiannually. In May 2013, the Company issued $330.0 million of 4.875% Senior Notes due May 2023 (the "2023 Notes"). Interest on these notes is payable semiannually.
Scheduled maturities of the Company's long-term debt | The scheduled maturities of the Company's long-term debt, excluding obligations related to finance leases, are included in the table below. See Note 9, Leases, for scheduled maturities of finance leases.
Year Ended August 31, |  | (in thousands)
2021 |  | $ | 3,776 |
2022 |  | 9,576 |
2023 |  | 339,565 |
2024 |  | 11,706 |
2025 |  | 9,556 |
Thereafter |  | 667,863 |
Total long-term debt, excluding finance leases |  | 1,042,042 |
Less debt issuance costs |  | 8,581 |
Total long-term debt outstanding, excluding finance leases |  | $ | 1,033,461 |

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