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CREDIT ARRANGEMENTS (Tables)

6 Months Ended

Feb. 29, 2024

Debt Disclosure [Abstract]

Long-term debt, including the deferred gain from the termination of the interest rate swaps

Long-term debt was as follows: 

(in thousands)						Weighted Average Interest Rate as of February 29, 2024						February 29, 2024						August 31, 2023
2030 Notes						4.125%						$	300,000					$	300,000
2031 Notes						3.875%						300,000						300,000
2032 Notes						4.375%						300,000						300,000
Series 2022 Bonds, due 2047						4.000%						145,060						145,060
Short-term borrowings						(1)						378						8,419
Other						4.547%						15,861						16,042
Finance leases						5.092%						109,911						95,470
Total debt												1,171,210						1,164,991
Less unamortized debt issuance costs												(13,956)						(14,840)
Plus unamortized bond premium												4,550						4,646
Total amounts outstanding												1,161,804						1,154,797
Less current maturities of long-term debt and short-term borrowings												(35,588)						(40,513)
Long-term debt												$	1,126,216					$	1,114,284

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(1) The weighted average interest rate of short-term borrowings as of February 29, 2024 and August 31, 2023 was 6.790% and 7.800%, respectively.

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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