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INCOME TAX (Reconciliation of Federal Statutory Rate to Effective Tax Rate from Continuing Operations) (Details) - USD ($) $ in Thousands | 12 Months Ended
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Aug. 31, 2022 | Aug. 31, 2021 | Aug. 31, 2020
Income Tax Contingency [Line Items] |  |  |
Income tax expense at statutory rate | $ 318,181 | $ 112,144 | $ 77,863
State and local taxes (3)(4) | 26,753 | (3,838) | 9,895
Foreign tax impairment on valuation of subsidiaries | 0 | (29,866) | 5,084
Global intangible low-taxed income | 685 | 17,263 | 1,252
Change in valuation allowance | (447) | 37,092 | 968
Nontaxable foreign interest | 3 | (14,617) | 8
Capital loss | (34,736) | 0 | 0
Research and development credit | (13,102) | (1,289) | (563)
Other | 548 | 4,264 | (2,031)
Income tax expense on continuing operations | $ 297,885 | $ 121,153 | $ 92,476
Effective income tax rate from continuing operations | 19.70% | 22.70% | 24.90%

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