ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

3 Months Ended

Nov. 30, 2024

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated other comprehensive income (loss)

NOTE 3. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following tables reflect the changes in accumulated other comprehensive income (loss) ("AOCI"):


	Three Months Ended November 30, 2024
(in thousands)	Foreign Currency Translation		Derivatives		Defined Benefit Pension Plans		Total AOCI
Balance, September 1, 2024	$	(76,854)	$	3,614	$	(12,712)	$	(85,952)
Other comprehensive income (loss) before reclassifications(1)	(34,957)		420		(10)		(34,547)
Reclassification for gain(2)	—		(1,356)		—		(1,356)
Net other comprehensive loss	(34,957)		(936)		(10)		(35,903)
Balance, November 30, 2024	$	(111,811)	$	2,678	$	(12,722)	$	(121,855)


	Three Months Ended November 30, 2023
(in thousands)	Foreign Currency Translation		Derivatives		Defined Benefit Pension Plans		Total AOCI
Balance, September 1, 2023	$	(126,045)	$	135,257	$	(12,990)	$	(3,778)
Other comprehensive income (loss) before reclassifications(1)	23,493		(42,945)		(9)		(19,461)
Reclassification for gain(2)	—		(1,499)		—		(1,499)
Net other comprehensive income (loss)	23,493		(44,444)		(9)		(20,960)
Balance, November 30, 2023	$	(102,552)	$	90,813	$	(12,999)	$	(24,738)

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(1) Other comprehensive income (loss) ("OCI") before reclassifications from derivatives is presented net of an immaterial income tax impact for the three months ended November 30, 2024 and net of income tax benefit of $10.1 million for the three months ended November 30, 2023. OCI before reclassifications from defined benefit pension plans is presented net of immaterial income tax impacts for each period presented.

(2) Reclassifications for gains from derivatives included in net earnings (loss) are primarily recorded in cost of goods sold in the condensed consolidated statements of earnings (loss) and are presented net of immaterial income tax impacts.