Document_and_Entity_Informatio
Document and Entity Information | 3 Months Ended | ||
Nov. 30, 2013 | Dec. 06, 2013 | Dec. 06, 2013 | |
Class A ordinary shares | Class X Ordinary Shares | ||
Document Type | '10-Q | ' | ' |
Amendment Flag | 'false | ' | ' |
Document Period End Date | 30-Nov-13 | ' | ' |
Document Fiscal Year Focus | '2014 | ' | ' |
Document Fiscal Period Focus | 'Q1 | ' | ' |
Trading Symbol | 'ACN | ' | ' |
Entity Registrant Name | 'Accenture plc | ' | ' |
Entity Central Index Key | '0001467373 | ' | ' |
Current Fiscal Year End Date | '--08-31 | ' | ' |
Entity Filer Category | 'Large Accelerated Filer | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 777,900,888 | 29,779,928 |
CONSOLIDATED_BALANCE_SHEETS
CONSOLIDATED BALANCE SHEETS (USD $) | Nov. 30, 2013 | Aug. 31, 2013 |
In Thousands, unless otherwise specified | ||
CURRENT ASSETS: | ' | ' |
Cash and cash equivalents | $4,527,198 | $5,631,885 |
Short-term investments | 2,594 | 2,525 |
Receivables from clients, net | 3,506,187 | 3,333,126 |
Unbilled services, net | 1,726,393 | 1,513,448 |
Deferred income taxes, net | 805,194 | 794,917 |
Other current assets | 723,893 | 568,277 |
Total current assets | 11,291,459 | 11,844,178 |
NON-CURRENT ASSETS: | ' | ' |
Unbilled services, net | 21,999 | 18,447 |
Investments | 43,536 | 43,631 |
Property and equipment, net | 779,247 | 779,675 |
Goodwill | 1,931,120 | 1,818,586 |
Deferred contract costs | 588,897 | 554,747 |
Deferred income taxes, net | 1,042,505 | 1,018,567 |
Other non-current assets | 817,175 | 789,218 |
Total non-current assets | 5,224,479 | 5,022,871 |
TOTAL ASSETS | 16,515,938 | 16,867,049 |
CURRENT LIABILITIES: | ' | ' |
Current portion of long-term debt and bank borrowings | 0 | 0 |
Accounts payable | 982,733 | 961,851 |
Deferred revenues | 2,140,981 | 2,230,615 |
Accrued payroll and related benefits | 3,303,320 | 3,460,393 |
Accrued consumption taxes | 327,617 | 308,655 |
Income taxes payable | 356,021 | 266,593 |
Deferred income taxes, net | 25,124 | 24,031 |
Other accrued liabilities | 692,947 | 908,852 |
Total current liabilities | 7,828,743 | 8,160,990 |
NON-CURRENT LIABILITIES: | ' | ' |
Long-term debt | 25,943 | 25,600 |
Deferred revenues relating to contract costs | 525,665 | 517,397 |
Retirement obligation | 897,570 | 872,761 |
Deferred income taxes, net | 178,770 | 174,818 |
Income taxes payable | 1,262,262 | 1,224,251 |
Other non-current liabilities | 380,724 | 463,403 |
Total non-current liabilities | 3,270,934 | 3,278,230 |
COMMITMENTS AND CONTINGENCIES | ' | ' |
SHAREHOLDERSb EQUITY: | ' | ' |
Restricted share units | 874,181 | 875,156 |
Additional paid-in capital | 2,653,235 | 2,393,936 |
Treasury shares, at cost: Ordinary, 40,000 shares as of November 30, 2013 and August 31, 2013; Class A ordinary, 142,118,782 and 135,258,733 shares as of November 30, 2013 and August 31, 2013, respectively | -7,914,576 | -7,326,079 |
Retained earnings | 10,200,630 | 10,069,844 |
Accumulated other comprehensive loss | -885,714 | -1,052,746 |
Total Accenture plc shareholdersb equity | 4,927,831 | 4,960,186 |
Noncontrolling interests | 488,430 | 467,643 |
Total shareholdersb equity | 5,416,261 | 5,427,829 |
TOTAL LIABILITIES AND SHAREHOLDERSb EQUITY | 16,515,938 | 16,867,049 |
Ordinary Shares | ' | ' |
SHAREHOLDERSb EQUITY: | ' | ' |
Ordinary shares, value | 57 | 57 |
Class A ordinary shares | ' | ' |
SHAREHOLDERSb EQUITY: | ' | ' |
Ordinary shares, value | 17 | 17 |
Class X Ordinary Shares | ' | ' |
SHAREHOLDERSb EQUITY: | ' | ' |
Ordinary shares, value | $1 | $1 |
CONSOLIDATED_BALANCE_SHEETS_Pa
CONSOLIDATED BALANCE SHEETS (Parenthetical) | Nov. 30, 2013 | Aug. 31, 2013 | Nov. 30, 2013 | Aug. 31, 2013 | Nov. 30, 2013 | Aug. 31, 2013 |
Ordinary Shares | Ordinary Shares | Class A ordinary shares | Class A ordinary shares | Class X Ordinary Shares | Class X Ordinary Shares | |
EUR (€) | EUR (€) | USD ($) | USD ($) | USD ($) | USD ($) | |
Ordinary shares, par value | € 1 | € 1 | $0.00 | $0.00 | $0.00 | $0.00 |
Ordinary shares, shares authorized | 40,000 | 40,000 | 20,000,000,000 | 20,000,000,000 | 1,000,000,000 | 1,000,000,000 |
Ordinary shares, shares issued | 40,000 | 40,000 | 775,768,493 | 771,301,885 | 29,779,928 | 30,312,244 |
Ordinary shares, shares outstanding | ' | ' | ' | ' | 29,779,928 | 30,312,244 |
Treasury shares, ordinary shares | 40,000 | 40,000 | 142,118,782 | 135,258,733 | ' | ' |
CONSOLIDATED_INCOME_STATEMENTS
CONSOLIDATED INCOME STATEMENTS (USD $) | 3 Months Ended | |||
In Thousands, except Share data, unless otherwise specified | Nov. 30, 2013 | Nov. 30, 2012 | ||
REVENUES: | ' | ' | ||
Revenues before reimbursements (bNet revenuesb) | $7,358,749 | $7,219,961 | ||
Reimbursements | 440,947 | 448,075 | ||
Revenues | 7,799,696 | 7,668,036 | ||
Cost of services: | ' | ' | ||
Cost of services before reimbursable expenses | 4,909,402 | 4,853,768 | ||
Reimbursable expenses | 440,947 | 448,075 | ||
Cost of services | 5,350,349 | 5,301,843 | ||
Sales and marketing | 928,210 | 868,202 | ||
General and administrative costs | 448,053 | 448,852 | ||
Reorganization (benefits) costs, net | -18,015 | 465 | ||
Total operating expenses | 6,708,597 | 6,619,362 | ||
OPERATING INCOME | 1,091,099 | 1,048,674 | ||
Interest income | 6,756 | 8,767 | ||
Interest expense | -3,658 | -4,549 | ||
Other expense, net | -10,620 | -6,436 | ||
INCOME BEFORE INCOME TAXES | 1,083,577 | 1,046,456 | ||
Provision for income taxes | 271,931 | 280,425 | ||
NET INCOME | 811,646 | 766,031 | ||
Net income attributable to noncontrolling interests in Accenture SCA and Accenture Canada Holdings Inc. | -49,098 | -58,955 | ||
Net income attributable to noncontrolling interests b other | -10,702 | -8,259 | ||
NET INCOME ATTRIBUTABLE TO ACCENTURE PLC | $751,846 | $698,817 | ||
Weighted average Class A ordinary shares: | ' | ' | ||
Basic | 636,695,545 | 639,659,238 | ||
Diluted | 697,974,850 | [1] | 716,892,047 | [1] |
Earnings per Class A ordinary share: | ' | ' | ||
Basic | $1.18 | $1.09 | ||
Diluted | $1.15 | [1] | $1.06 | [1] |
Cash dividends per share | $0.93 | $0.81 | ||
[1] | Diluted weighted average Accenture plc ClassB A ordinary shares and earnings per share amounts for the three months ended November 30, 2012 have been restated to reflect the impact of the issuance of additional restricted share units to holders of restricted share units in connection with the payments of cash dividends during the first quarter of fiscal 2014. This did not result in a change to previously reported Diluted earnings per share. |
CONSOLIDATED_STATEMENTS_OF_COM
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Nov. 30, 2013 | Nov. 30, 2012 |
Statement of Comprehensive Income [Abstract] | ' | ' |
NET INCOME | $811,646 | $766,031 |
OTHER COMPREHENSIVE INCOME, NET OF TAX: | ' | ' |
Foreign currency translation | 91,013 | 20,232 |
Defined benefit plans | 3,021 | 7,416 |
Cash flow hedges | 72,998 | 40,102 |
OTHER COMPREHENSIVE INCOME ATTRIBUTABLE TO ACCENTURE PLC | 167,032 | 67,750 |
Other comprehensive income attributable to noncontrolling interests | 11,686 | 6,686 |
COMPREHENSIVE INCOME | 990,364 | 840,467 |
COMPREHENSIVE INCOME ATTRIBUTABLE TO ACCENTURE PLC | 918,878 | 766,567 |
Comprehensive income attributable to noncontrolling interests | 71,486 | 73,900 |
COMPREHENSIVE INCOME | $990,364 | $840,467 |
CONSOLIDATED_SHAREHOLDERS_EQUI
CONSOLIDATED SHAREHOLDERS' EQUITY STATEMENT (USD $) | Total | Ordinary Shares | Class A ordinary shares | Class X Ordinary Shares | Restricted Share Units | Additional Paid-in Capital | Treasury Shares | Retained Earnings | Accumulated Other Comprehensive Loss | Total Accenture plc Shareholders' Equity | Noncontrolling Interests |
In Thousands, except Share data, unless otherwise specified | |||||||||||
Beginning Balance at Aug. 31, 2013 | $5,427,829 | $57 | $17 | $1 | $875,156 | $2,393,936 | ($7,326,079) | $10,069,844 | ($1,052,746) | $4,960,186 | $467,643 |
Beginning Balance Treasury (in shares) at Aug. 31, 2013 | ' | ' | ' | ' | ' | ' | -135,299,000 | ' | ' | ' | ' |
Beginning Balance (in shares) at Aug. 31, 2013 | ' | 40,000 | 771,302,000 | 30,312,000 | ' | ' | ' | ' | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income | 811,646 | ' | ' | ' | ' | ' | ' | 751,846 | ' | 751,846 | 59,800 |
Other comprehensive income | 167,032 | ' | ' | ' | ' | ' | ' | ' | 167,032 | ' | ' |
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest | 11,686 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 11,686 |
Other comprehensive income, net of tax | 178,718 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income tax benefit on share-based compensation plans | 25,681 | ' | ' | ' | ' | 25,681 | ' | ' | ' | 25,681 | ' |
Purchases of Class A ordinary shares | -686,106 | ' | ' | ' | ' | 37,543 | -686,106 | ' | ' | -648,563 | -37,543 |
Purchases of Class A ordinary shares (in shares) | ' | ' | ' | ' | ' | ' | -9,241,000 | ' | ' | ' | ' |
Share-based compensation expense | 126,906 | ' | ' | ' | 115,611 | 11,295 | ' | ' | ' | 126,906 | ' |
Purchases/redemptions of Accenture SCA Class I common shares, Accenture Canada Holdings Inc. exchangeable shares and Class X ordinary shares | -35,408 | ' | ' | ' | ' | -33,378 | ' | ' | ' | -33,378 | -2,030 |
Purchases/redemptions of Accenture SCA Class I common shares, Accenture Canada Holdings Inc. exchangeable shares and Class X ordinary shares (in shares) | ' | ' | ' | -532,000 | ' | ' | ' | ' | ' | ' | ' |
Issuances of Class A ordinary shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Employee share programs | 180,233 | ' | ' | ' | -144,925 | 218,091 | 97,609 | ' | ' | 170,775 | 9,458 |
Employee share programs (in shares) | ' | ' | 4,203,000 | ' | ' | ' | 2,381,000 | ' | ' | ' | ' |
Upon redemption of Accenture SCA Class I common shares (shares) | ' | ' | 263,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Upon redemption of Accenture SCA Class I common shares | 0 | ' | ' | ' | ' | 1,205 | ' | ' | ' | 1,205 | -1,205 |
Dividends | -630,234 | ' | ' | ' | 28,339 | ' | ' | -619,719 | ' | -591,380 | -38,854 |
Other, net | 16,996 | ' | ' | ' | ' | -1,138 | ' | -1,341 | ' | -2,479 | 19,475 |
Ending Balance at Nov. 30, 2013 | $5,416,261 | $57 | $17 | $1 | $874,181 | $2,653,235 | ($7,914,576) | $10,200,630 | ($885,714) | $4,927,831 | $488,430 |
Ending Balance (in shares) at Nov. 30, 2013 | ' | 40,000 | 775,768,000 | 29,780,000 | ' | ' | ' | ' | ' | ' | ' |
Ending Balance Treasury (in shares) at Nov. 30, 2013 | ' | ' | ' | ' | ' | ' | -142,159,000 | ' | ' | ' | ' |
CONSOLIDATED_CASH_FLOWS_STATEM
CONSOLIDATED CASH FLOWS STATEMENTS (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Nov. 30, 2013 | Nov. 30, 2012 |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | ' |
Net income | $811,646 | $766,031 |
Adjustments to reconcile Net income to Net cash provided by (used in) operating activities b | ' | ' |
Depreciation, amortization and asset impairments | 145,327 | 139,924 |
Reorganization (benefits) costs, net | -18,015 | 465 |
Share-based compensation expense | 126,906 | 114,170 |
Deferred income taxes, net | -63,744 | -68,497 |
Other, net | 79,812 | 26,556 |
Change in assets and liabilities, net of acquisitions b | ' | ' |
Receivables from clients, net | -113,455 | -366,209 |
Unbilled services, current and non-current, net | -159,661 | -52,179 |
Other current and non-current assets | -205,477 | 70,985 |
Accounts payable | -2,958 | -9,548 |
Deferred revenues, current and non-current | -153,155 | -219,367 |
Accrued payroll and related benefits | -221,006 | -120,791 |
Income taxes payable, current and non-current | 100,737 | 102,729 |
Other current and non-current liabilities | -145,724 | -493,084 |
Net cash provided by (used in) operating activities | 181,233 | -108,815 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' |
Proceeds from sales of property and equipment | 794 | 762 |
Purchases of property and equipment | -58,959 | -86,547 |
Purchases of businesses and investments, net of cash acquired | -137,387 | -209,952 |
Net cash used in investing activities | -195,552 | -295,737 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' |
Proceeds from issuance of ordinary shares | 180,233 | 164,606 |
Purchases of shares | -721,514 | -220,831 |
Proceeds from (repayments of) long-term debt, net | 343 | -3 |
Cash dividends paid | -630,234 | -560,135 |
Excess tax benefits from share-based payment arrangements | 35,556 | 39,443 |
Other, net | -2,900 | -742 |
Net cash used in financing activities | -1,138,516 | -577,662 |
Effect of exchange rate changes on cash and cash equivalents | 48,148 | 20,580 |
NET DECREASE IN CASH AND CASH EQUIVALENTS | -1,104,687 | -961,634 |
CASH AND CASH EQUIVALENTS, beginning of period | 5,631,885 | 6,640,526 |
CASH AND CASH EQUIVALENTS, end of period | $4,527,198 | $5,678,892 |
BASIS_OF_PRESENTATION
BASIS OF PRESENTATION | 3 Months Ended |
Nov. 30, 2013 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
BASIS OF PRESENTATION | ' |
BASIS OF PRESENTATION | |
The accompanying unaudited interim Consolidated Financial Statements of Accenture plc and its controlled subsidiary companies (collectively, the “Company”) have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for quarterly reports on Form 10-Q and do not include all of the information and note disclosures required by U.S. generally accepted accounting principles (“U.S. GAAP”) for complete financial statements. These Consolidated Financial Statements should therefore be read in conjunction with the Consolidated Financial Statements and Notes thereto for the fiscal year ended August 31, 2013 included in the Company’s Annual Report on Form 10-K filed with the SEC on October 29, 2013. | |
The accompanying unaudited interim Consolidated Financial Statements have been prepared in accordance with U.S. GAAP, which requires management to make estimates and assumptions that affect amounts reported in the Consolidated Financial Statements and accompanying disclosures. Although these estimates are based on management’s best knowledge of current events and actions that the Company may undertake in the future, actual results may differ from those estimates. The Consolidated Financial Statements reflect all adjustments of a normal, recurring nature that are, in the opinion of management, necessary for a fair presentation of results for these interim periods. The results of operations for the three months ended November 30, 2013 are not necessarily indicative of the results that may be expected for the fiscal year ending August 31, 2014. | |
Certain amounts that were reported in the previous year have been reclassified to conform to the current-period presentation. | |
Allowances for Client Receivables and Unbilled Services | |
As of November 30, 2013 and August 31, 2013, total allowances recorded for client receivables and unbilled services were $87,825 and $91,716, respectively. | |
Accumulated Depreciation | |
As of November 30, 2013 and August 31, 2013, total accumulated depreciation was $1,708,458 and $1,608,211, respectively. | |
Recently Adopted Accounting Pronouncements | |
In September 2013, the Company adopted guidance issued by the Financial Accounting Standards Board (“FASB”), which requires enhanced disclosures about certain financial instruments and derivative instruments that are offset in the Consolidated Balance Sheets or that are subject to enforceable master netting arrangements. The guidance also requires the disclosure of the gross amounts subject to rights of offset, amounts of offset and the related net exposure. The adoption of this guidance did not have a material impact on the Consolidated Financial Statements. For additional information related to the right of offset, see Note 7 (Derivative Financial Instruments) to these Consolidated Financial Statements. | |
In August 2013, the Company adopted guidance issued by the FASB which requires enhanced disclosures in the notes to the consolidated financial statements to present separately, by item, reclassifications out of accumulated other comprehensive income (loss). The adoption of this guidance did not have a material impact on the Consolidated Financial Statements. For additional information related to the reclassifications out of accumulated other comprehensive income (loss), see Note 4 (Accumulated Other Comprehensive Loss) to these Consolidated Financial Statements. |
EARNINGS_PER_SHARE
EARNINGS PER SHARE | 3 Months Ended | |||||||
Nov. 30, 2013 | ||||||||
Earnings Per Share [Abstract] | ' | |||||||
EARNINGS PER SHARE | ' | |||||||
EARNINGS PER SHARE | ||||||||
Basic and diluted earnings per share were calculated as follows: | ||||||||
Three Months Ended November 30, | ||||||||
2013 | 2012 | |||||||
Basic Earnings per share | ||||||||
Net income attributable to Accenture plc | $ | 751,846 | $ | 698,817 | ||||
Basic weighted average Class A ordinary shares | 636,695,545 | 639,659,238 | ||||||
Basic earnings per share | $ | 1.18 | $ | 1.09 | ||||
Diluted Earnings per share | ||||||||
Net income attributable to Accenture plc | $ | 751,846 | $ | 698,817 | ||||
Net income attributable to noncontrolling interests in | 49,098 | 58,955 | ||||||
Accenture SCA and Accenture Canada Holdings Inc. (1) | ||||||||
Net income for diluted earnings per share calculation | $ | 800,944 | $ | 757,772 | ||||
Basic weighted average Class A ordinary shares | 636,695,545 | 639,659,238 | ||||||
Class A ordinary shares issuable upon redemption/exchange of noncontrolling interests (1) | 41,591,480 | 53,972,850 | ||||||
Diluted effect of employee compensation related to Class A ordinary shares (2) | 19,469,519 | 22,962,260 | ||||||
Diluted effect of share purchase plans related to Class A ordinary shares | 218,306 | 297,699 | ||||||
Diluted weighted average Class A ordinary shares (2) | 697,974,850 | 716,892,047 | ||||||
Diluted earnings per share (2) | $ | 1.15 | $ | 1.06 | ||||
_______________ | ||||||||
-1 | Diluted earnings per share assumes the redemption of all Accenture SCA Class I common shares owned by holders of noncontrolling interests and the exchange of all Accenture Canada Holdings Inc. exchangeable shares for Accenture plc Class A ordinary shares on a one-for-one basis. The income effect does not take into account “Net income attributable to noncontrolling interests — other,” since those shares are not redeemable or exchangeable for Accenture plc Class A ordinary shares. | |||||||
-2 | Diluted weighted average Accenture plc Class A ordinary shares and earnings per share amounts for the three months ended November 30, 2012 have been restated to reflect the impact of the issuance of additional restricted share units to holders of restricted share units in connection with the payments of cash dividends during the first quarter of fiscal 2014. This did not result in a change to previously reported Diluted earnings per share. |
INCOME_TAXES
INCOME TAXES | 3 Months Ended |
Nov. 30, 2013 | |
Income Tax Disclosure [Abstract] | ' |
INCOME TAXES | ' |
INCOME TAXES | |
Effective Tax Rate | |
The Company’s effective tax rates for the three months ended November 30, 2013 and 2012 were 25.1% and 26.8%, respectively. The lower effective tax rate for the three months ended November 30, 2013 compared to the three months ended November 30, 2012 was due to lower additions to tax reserves and benefits related to the release of reorganization liabilities, partially offset by lower benefits related to final determinations. |
ACCUMULATED_OTHER_COMPREHENSIV
ACCUMULATED OTHER COMPREHENSIVE LOSS (Notes) | 3 Months Ended | |||||||
Nov. 30, 2013 | ||||||||
Equity [Abstract] | ' | |||||||
Accumulated Other Comprehensive Loss | ' | |||||||
The following table summarizes the changes in the accumulated balances for each component of accumulated other comprehensive loss attributable to Accenture plc: | ||||||||
Three Months Ended November 30, | ||||||||
2013 | 2012 | |||||||
Foreign currency translation | ||||||||
Beginning balance | $ | (414,401 | ) | $ | (156,010 | ) | ||
Foreign currency translation | 98,897 | 23,285 | ||||||
Income tax expense | (1,120 | ) | (209 | ) | ||||
Portion attributable to noncontrolling interests | (6,764 | ) | (2,844 | ) | ||||
Foreign currency translation, net of tax | 91,013 | 20,232 | ||||||
Ending balance | (323,388 | ) | (135,778 | ) | ||||
Defined benefit plans | ||||||||
Beginning balance | (425,404 | ) | (502,742 | ) | ||||
Reclassifications into net periodic pension and post-retirement expense (1) | 5,054 | 13,370 | ||||||
Income tax expense | (1,837 | ) | (5,354 | ) | ||||
Portion attributable to noncontrolling interests | (196 | ) | (600 | ) | ||||
Defined benefit plans, net of tax | 3,021 | 7,416 | ||||||
Ending balance | (422,383 | ) | (495,326 | ) | ||||
Cash flow hedges | ||||||||
Beginning balance | (212,941 | ) | (19,402 | ) | ||||
Unrealized gains | 88,352 | 59,808 | ||||||
Reclassification adjustments into Cost of services | 36,131 | 10,501 | ||||||
Income tax expense | (46,759 | ) | (26,965 | ) | ||||
Portion attributable to noncontrolling interests | (4,726 | ) | (3,242 | ) | ||||
Cash flow hedges, net of tax | 72,998 | 40,102 | ||||||
Ending balance | (139,943 | ) | 20,700 | |||||
Marketable securities | ||||||||
Beginning balance | — | 6 | ||||||
Ending balance | — | 6 | ||||||
Accumulated other comprehensive loss | $ | (885,714 | ) | $ | (610,398 | ) | ||
_______________ | ||||||||
-1 | Reclassifications into net periodic pension and post-retirement expense are recognized in Cost of services, Sales and marketing and General and administrative costs. |
BUSINESS_COMBINATIONS_AND_GOOD
BUSINESS COMBINATIONS AND GOODWILL | 3 Months Ended | |||||||||||||||
Nov. 30, 2013 | ||||||||||||||||
Business Combinations and Goodwill [Abstract] | ' | |||||||||||||||
BUSINESS COMBINATIONS AND GOODWILL | ' | |||||||||||||||
BUSINESS COMBINATIONS AND GOODWILL | ||||||||||||||||
During the three months ended November 30, 2013, the Company completed several individually immaterial acquisitions for total consideration of $137,387, net of cash acquired. These acquisitions were completed primarily to expand the Company’s products and services offerings. In connection with these acquisitions, the Company recorded goodwill of $101,296, which was allocated among the reportable operating segments, and intangible assets of $37,700, primarily related to customer relationships, customer backlog and technology related assets. Goodwill also included immaterial adjustments related to prior period acquisitions and is primarily deductible for U.S. federal income tax purposes. The intangible assets are being amortized over one to twelve years. The pro forma effects of these acquisitions on the Company’s operations were not material. | ||||||||||||||||
The changes in the carrying amount of goodwill by reportable operating segment were as follows: | ||||||||||||||||
August 31, | Additions/ | Foreign | November 30, | |||||||||||||
2013 | Adjustments | Currency | 2013 | |||||||||||||
Translation | ||||||||||||||||
Communications, Media & Technology | $ | 234,444 | $ | (938 | ) | $ | 4,159 | $ | 237,665 | |||||||
Financial Services | 582,649 | 35,189 | 3,613 | 621,451 | ||||||||||||
Health & Public Service | 295,044 | 42,091 | 1,133 | 338,268 | ||||||||||||
Products | 617,008 | 19,980 | 5,716 | 642,704 | ||||||||||||
Resources | 89,441 | (11 | ) | 1,602 | 91,032 | |||||||||||
Total | $ | 1,818,586 | $ | 96,311 | $ | 16,223 | $ | 1,931,120 | ||||||||
Subsequent Event | ||||||||||||||||
On December 5, 2013, the Company acquired Procurian Inc., a provider of procurement business process solutions, for $375,000. This acquisition enhances Accenture’s capabilities in procurement business process outsourcing across a range of industries. At the date of issuance of the financial statements, the initial business combination accounting was not complete for this acquisition. |
MATERIAL_TRANSACTIONS_AFFECTIN
MATERIAL TRANSACTIONS AFFECTING SHAREHOLDERS' EQUITY | 3 Months Ended | ||||||||||||||||||||
Nov. 30, 2013 | |||||||||||||||||||||
Equity [Abstract] | ' | ||||||||||||||||||||
SHAREHOLDERS' EQUITY | ' | ||||||||||||||||||||
MATERIAL TRANSACTIONS AFFECTING SHAREHOLDERS’ EQUITY | |||||||||||||||||||||
Dividends | |||||||||||||||||||||
The Company’s dividend activity during the three months ended November 30, 2013 was as follows: | |||||||||||||||||||||
Dividend Per | Accenture plc Class A | Accenture SCA Class I Common | Total Cash | ||||||||||||||||||
Share | Ordinary Shares | Shares and Accenture Canada Holdings | Outlay | ||||||||||||||||||
Inc. Exchangeable Shares | |||||||||||||||||||||
Dividend Payment Date | Record Date | Cash Outlay | Record Date | Cash Outlay | |||||||||||||||||
November 15, 2013 | $ | 0.93 | October 11, 2013 | $ | 591,380 | October 8, 2013 | $ | 38,854 | $ | 630,234 | |||||||||||
The payment of the cash dividends also resulted in the issuance of additional restricted share units to holders of restricted share units. Diluted weighted average Accenture plc Class A ordinary share amounts have been restated for the three months ended November 30, 2012 to reflect this issuance. For additional information, see Note 2 (Earnings Per Share). |
DERIVATIVE_FINANCIAL_INSTRUMEN
DERIVATIVE FINANCIAL INSTRUMENTS | 3 Months Ended | |||||||
Nov. 30, 2013 | ||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | |||||||
DERIVATIVE FINANCIAL INSTRUMENTS | ' | |||||||
DERIVATIVE FINANCIAL INSTRUMENTS | ||||||||
In the normal course of business, the Company uses derivative financial instruments to manage foreign currency exchange rate risk. The Company’s derivative financial instruments consist of deliverable and non-deliverable foreign currency forward contracts. | ||||||||
Cash Flow Hedges | ||||||||
For a cash flow hedge, the effective portion of the change in estimated fair value of a hedging instrument is recorded in Accumulated other comprehensive loss as a separate component of Shareholders’ Equity and is reclassified into Cost of services in the Consolidated Income Statements during the period in which the hedged transaction is recognized. The amounts related to derivatives designated as cash flow hedges that were reclassified into Cost of services were a net loss of $36,131 and $10,501 for the three months ended November 30, 2013 and 2012, respectively. The ineffective portion of the change in fair value of a cash flow hedge is recognized immediately in Other expense, net in the Consolidated Income Statements and, for the three months ended November 30, 2013, was not material. In addition, the Company did not discontinue any cash flow hedges during the three months ended November 30, 2013. As of November 30, 2013, $(121,295) of the amounts related to derivatives designated as cash flow hedges and recorded in Accumulated other comprehensive loss is expected to be reclassified into Cost of services in the next 12 months. | ||||||||
Other Derivatives | ||||||||
Realized gains or losses and changes in the estimated fair value of foreign currency forward contracts that have not been designated as hedges were a net gain of $87,043 and $36,687 for the three months ended November 30, 2013 and 2012, respectively. Gains and losses on these contracts are recorded in Other expense, net in the Consolidated Income Statements and are offset by gains and losses on the related hedged items. | ||||||||
Fair Value of Derivative Instruments | ||||||||
The notional and fair values of all derivative instruments were as follows: | ||||||||
November 30, | August 31, | |||||||
2013 | 2013 | |||||||
Assets | ||||||||
Cash Flow Hedges | ||||||||
Other current assets | $ | 159 | $ | — | ||||
Other non-current assets | 1,156 | — | ||||||
Other Derivatives | ||||||||
Other current assets | 37,789 | 4,805 | ||||||
Total assets | $ | 39,104 | $ | 4,805 | ||||
Liabilities | ||||||||
Cash Flow Hedges | ||||||||
Other accrued liabilities | $ | 121,454 | $ | 187,525 | ||||
Other non-current liabilities | 102,058 | 159,155 | ||||||
Other Derivatives | ||||||||
Other accrued liabilities | 18,155 | 72,017 | ||||||
Total liabilities | $ | 241,667 | $ | 418,697 | ||||
Total fair value | $ | (202,563 | ) | $ | (413,892 | ) | ||
Total notional value | $ | 6,210,850 | $ | 5,499,224 | ||||
The Company utilizes standard counterparty master agreements containing provisions for the netting of certain foreign currency transaction obligations and for set-off of certain obligations in the event of an insolvency of one of the parties to the transaction. In the Consolidated Balance Sheets, the Company records derivative assets and liabilities at gross fair value. The potential effect of netting derivative assets against liabilities under the counterparty master agreements was as follows: | ||||||||
November 30, | August 31, | |||||||
2013 | 2013 | |||||||
Net derivative assets | $ | 28,367 | $ | 1,317 | ||||
Net derivative liabilities | 230,930 | 415,209 | ||||||
Total fair value | $ | (202,563 | ) | $ | (413,892 | ) |
COMMITMENTS_AND_CONTINGENCIES
COMMITMENTS AND CONTINGENCIES | 3 Months Ended |
Nov. 30, 2013 | |
Commitments and Contingencies Disclosure [Abstract] | ' |
COMMITMENTS AND CONTINGENCIES | ' |
COMMITMENTS AND CONTINGENCIES | |
Commitments | |
The Company has the right to purchase or may also be required to purchase substantially all of the remaining outstanding shares of its Avanade Inc. subsidiary (“Avanade”) not owned by the Company at fair value if certain events occur. Certain holders of Avanade common stock and options to purchase the stock have put rights that, under certain circumstances and conditions, would require Avanade to redeem shares of its stock at fair value. As of November 30, 2013 and August 31, 2013, the Company has reflected the fair value of $92,984 and $94,310, respectively, related to Avanade’s redeemable common stock and the intrinsic value of the options on redeemable common stock in Other accrued liabilities in the Consolidated Balance Sheets. | |
Indemnifications and Guarantees | |
In the normal course of business and in conjunction with certain client engagements, the Company has entered into contractual arrangements through which it may be obligated to indemnify clients with respect to certain matters. These arrangements with clients can include provisions whereby the Company has joint and several liability in relation to the performance of certain contractual obligations along with third parties also providing services and products for a specific project. In addition, the Company’s consulting arrangements may include warranty provisions that the Company’s solutions will substantially operate in accordance with the applicable system requirements. Indemnification provisions are also included in arrangements under which the Company agrees to hold the indemnified party harmless with respect to third-party claims related to such matters as title to assets sold or licensed or certain intellectual property rights. | |
Typically, the Company has contractual recourse against third parties for certain payments made by the Company in connection with arrangements where third-party nonperformance has given rise to the client’s claim. Payments by the Company under any of the arrangements described above are generally conditioned on the client making a claim, which may be disputed by the Company typically under dispute resolution procedures specified in the particular arrangement. The limitations of liability under these arrangements may be expressly limited or may not be expressly specified in terms of time and/or amount. | |
As of November 30, 2013 and August 31, 2013, the Company’s aggregate potential liability to its clients for expressly limited guarantees involving the performance of third parties was approximately $709,000 and $748,000, respectively, of which all but approximately $16,000 and $15,000, respectively, may be recovered from the other third parties if the Company is obligated to make payments to the indemnified parties that are the consequence of a performance default by the other third parties. For arrangements with unspecified limitations, the Company cannot reasonably estimate the aggregate maximum potential liability, as it is inherently difficult to predict the maximum potential amount of such payments, due to the conditional nature and unique facts of each particular arrangement. | |
To date, the Company has not been required to make any significant payment under any of the arrangements described above. The Company has assessed the current status of performance/payment risk related to arrangements with limited guarantees, warranty obligations, unspecified limitations and/or indemnification provisions and believes that any potential payments would be immaterial to the Consolidated Financial Statements, as a whole. | |
Legal Contingencies | |
As of November 30, 2013, the Company or its present personnel had been named as a defendant in various litigation matters. The Company and/or its personnel also from time to time are involved in investigations by various regulatory or legal authorities concerning matters arising in the course of its business around the world. Based on the present status of these matters, management believes the range of reasonably possible losses in addition to amounts accrued, net of insurance recoveries, will not have a material effect on the Company’s results of operations or financial condition. |
SEGMENT_REPORTING
SEGMENT REPORTING | 3 Months Ended | |||||||||||||||
Nov. 30, 2013 | ||||||||||||||||
Segment Reporting [Abstract] | ' | |||||||||||||||
SEGMENT REPORTING | ' | |||||||||||||||
SEGMENT REPORTING | ||||||||||||||||
The Company’s reportable operating segments are the five operating groups, which are Communications, Media & Technology; Financial Services; Health & Public Service; Products; and Resources. Information regarding the Company’s reportable operating segments is as follows: | ||||||||||||||||
Three Months Ended November 30, | ||||||||||||||||
2013 | 2012 | |||||||||||||||
Net | Operating | Net | Operating | |||||||||||||
Revenues | Income | Revenues | Income | |||||||||||||
Communications, Media & Technology | $ | 1,410,983 | $ | 153,368 | $ | 1,458,786 | $ | 183,048 | ||||||||
Financial Services | 1,597,966 | 263,568 | 1,562,942 | 241,098 | ||||||||||||
Health & Public Service | 1,230,074 | 179,305 | 1,174,710 | 143,459 | ||||||||||||
Products | 1,801,062 | 247,387 | 1,698,543 | 235,692 | ||||||||||||
Resources | 1,315,007 | 247,471 | 1,321,465 | 245,377 | ||||||||||||
Other | 3,657 | — | 3,515 | — | ||||||||||||
Total | $ | 7,358,749 | $ | 1,091,099 | $ | 7,219,961 | $ | 1,048,674 | ||||||||
BASIS_OF_PRESENTATION_Policies
BASIS OF PRESENTATION (Policies) | 3 Months Ended |
Nov. 30, 2013 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
Basis of Presentation | ' |
The accompanying unaudited interim Consolidated Financial Statements of Accenture plc and its controlled subsidiary companies (collectively, the “Company”) have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for quarterly reports on Form 10-Q and do not include all of the information and note disclosures required by U.S. generally accepted accounting principles (“U.S. GAAP”) for complete financial statements. These Consolidated Financial Statements should therefore be read in conjunction with the Consolidated Financial Statements and Notes thereto for the fiscal year ended August 31, 2013 included in the Company’s Annual Report on Form 10-K filed with the SEC on October 29, 2013. | |
The accompanying unaudited interim Consolidated Financial Statements have been prepared in accordance with U.S. GAAP, which requires management to make estimates and assumptions that affect amounts reported in the Consolidated Financial Statements and accompanying disclosures. Although these estimates are based on management’s best knowledge of current events and actions that the Company may undertake in the future, actual results may differ from those estimates. The Consolidated Financial Statements reflect all adjustments of a normal, recurring nature that are, in the opinion of management, necessary for a fair presentation of results for these interim periods. The results of operations for the three months ended November 30, 2013 are not necessarily indicative of the results that may be expected for the fiscal year ending August 31, 2014. | |
Certain amounts that were reported in the previous year have been reclassified to conform to the current-period presentation. | |
New Accounting Pronouncements, Policy | ' |
Recently Adopted Accounting Pronouncements | |
In September 2013, the Company adopted guidance issued by the Financial Accounting Standards Board (“FASB”), which requires enhanced disclosures about certain financial instruments and derivative instruments that are offset in the Consolidated Balance Sheets or that are subject to enforceable master netting arrangements. The guidance also requires the disclosure of the gross amounts subject to rights of offset, amounts of offset and the related net exposure. The adoption of this guidance did not have a material impact on the Consolidated Financial Statements. For additional information related to the right of offset, see Note 7 (Derivative Financial Instruments) to these Consolidated Financial Statements. | |
In August 2013, the Company adopted guidance issued by the FASB which requires enhanced disclosures in the notes to the consolidated financial statements to present separately, by item, reclassifications out of accumulated other comprehensive income (loss). The adoption of this guidance did not have a material impact on the Consolidated Financial Statements. For additional information related to the reclassifications out of accumulated other comprehensive income (loss), see Note 4 (Accumulated Other Comprehensive Loss) to these Consolidated Financial Statements |
EARNINGS_PER_SHARE_Tables
EARNINGS PER SHARE (Tables) | 3 Months Ended | |||||||
Nov. 30, 2013 | ||||||||
Earnings Per Share [Abstract] | ' | |||||||
Basic and Diluted Earnings Per Share | ' | |||||||
Basic and diluted earnings per share were calculated as follows: | ||||||||
Three Months Ended November 30, | ||||||||
2013 | 2012 | |||||||
Basic Earnings per share | ||||||||
Net income attributable to Accenture plc | $ | 751,846 | $ | 698,817 | ||||
Basic weighted average Class A ordinary shares | 636,695,545 | 639,659,238 | ||||||
Basic earnings per share | $ | 1.18 | $ | 1.09 | ||||
Diluted Earnings per share | ||||||||
Net income attributable to Accenture plc | $ | 751,846 | $ | 698,817 | ||||
Net income attributable to noncontrolling interests in | 49,098 | 58,955 | ||||||
Accenture SCA and Accenture Canada Holdings Inc. (1) | ||||||||
Net income for diluted earnings per share calculation | $ | 800,944 | $ | 757,772 | ||||
Basic weighted average Class A ordinary shares | 636,695,545 | 639,659,238 | ||||||
Class A ordinary shares issuable upon redemption/exchange of noncontrolling interests (1) | 41,591,480 | 53,972,850 | ||||||
Diluted effect of employee compensation related to Class A ordinary shares (2) | 19,469,519 | 22,962,260 | ||||||
Diluted effect of share purchase plans related to Class A ordinary shares | 218,306 | 297,699 | ||||||
Diluted weighted average Class A ordinary shares (2) | 697,974,850 | 716,892,047 | ||||||
Diluted earnings per share (2) | $ | 1.15 | $ | 1.06 | ||||
_______________ | ||||||||
-1 | Diluted earnings per share assumes the redemption of all Accenture SCA Class I common shares owned by holders of noncontrolling interests and the exchange of all Accenture Canada Holdings Inc. exchangeable shares for Accenture plc Class A ordinary shares on a one-for-one basis. The income effect does not take into account “Net income attributable to noncontrolling interests — other,” since those shares are not redeemable or exchangeable for Accenture plc Class A ordinary shares. | |||||||
-2 | Diluted weighted average Accenture plc Class A ordinary shares and earnings per share amounts for the three months ended November 30, 2012 have been restated to reflect the impact of the issuance of additional restricted share units to holders of restricted share units in connection with the payments of cash dividends during the first quarter of fiscal 2014. This did not result in a change to previously reported Diluted earnings per share. |
ACCUMULATED_OTHER_COMPREHENSIV1
ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables) | 3 Months Ended | |||||||
Nov. 30, 2013 | ||||||||
Equity [Abstract] | ' | |||||||
Schedule of Accumulated Other Comprehensive Loss | ' | |||||||
Three Months Ended November 30, | ||||||||
2013 | 2012 | |||||||
Foreign currency translation | ||||||||
Beginning balance | $ | (414,401 | ) | $ | (156,010 | ) | ||
Foreign currency translation | 98,897 | 23,285 | ||||||
Income tax expense | (1,120 | ) | (209 | ) | ||||
Portion attributable to noncontrolling interests | (6,764 | ) | (2,844 | ) | ||||
Foreign currency translation, net of tax | 91,013 | 20,232 | ||||||
Ending balance | (323,388 | ) | (135,778 | ) | ||||
Defined benefit plans | ||||||||
Beginning balance | (425,404 | ) | (502,742 | ) | ||||
Reclassifications into net periodic pension and post-retirement expense (1) | 5,054 | 13,370 | ||||||
Income tax expense | (1,837 | ) | (5,354 | ) | ||||
Portion attributable to noncontrolling interests | (196 | ) | (600 | ) | ||||
Defined benefit plans, net of tax | 3,021 | 7,416 | ||||||
Ending balance | (422,383 | ) | (495,326 | ) | ||||
Cash flow hedges | ||||||||
Beginning balance | (212,941 | ) | (19,402 | ) | ||||
Unrealized gains | 88,352 | 59,808 | ||||||
Reclassification adjustments into Cost of services | 36,131 | 10,501 | ||||||
Income tax expense | (46,759 | ) | (26,965 | ) | ||||
Portion attributable to noncontrolling interests | (4,726 | ) | (3,242 | ) | ||||
Cash flow hedges, net of tax | 72,998 | 40,102 | ||||||
Ending balance | (139,943 | ) | 20,700 | |||||
Marketable securities | ||||||||
Beginning balance | — | 6 | ||||||
Ending balance | — | 6 | ||||||
Accumulated other comprehensive loss | $ | (885,714 | ) | $ | (610,398 | ) | ||
_______________ | ||||||||
-1 | Reclassifications into net periodic pension and post-retirement expense are recognized in Cost of services, Sales and marketing and General and administrative costs. |
BUSINESS_COMBINATIONS_AND_GOOD1
BUSINESS COMBINATIONS AND GOODWILL (Tables) | 3 Months Ended | |||||||||||||||
Nov. 30, 2013 | ||||||||||||||||
Business Combinations and Goodwill [Abstract] | ' | |||||||||||||||
Changes in Carrying Amount of Goodwill by Reportable Operating Segment | ' | |||||||||||||||
The changes in the carrying amount of goodwill by reportable operating segment were as follows: | ||||||||||||||||
August 31, | Additions/ | Foreign | November 30, | |||||||||||||
2013 | Adjustments | Currency | 2013 | |||||||||||||
Translation | ||||||||||||||||
Communications, Media & Technology | $ | 234,444 | $ | (938 | ) | $ | 4,159 | $ | 237,665 | |||||||
Financial Services | 582,649 | 35,189 | 3,613 | 621,451 | ||||||||||||
Health & Public Service | 295,044 | 42,091 | 1,133 | 338,268 | ||||||||||||
Products | 617,008 | 19,980 | 5,716 | 642,704 | ||||||||||||
Resources | 89,441 | (11 | ) | 1,602 | 91,032 | |||||||||||
Total | $ | 1,818,586 | $ | 96,311 | $ | 16,223 | $ | 1,931,120 | ||||||||
MATERIAL_TRANSACTIONS_AFFECTIN1
MATERIAL TRANSACTIONS AFFECTING SHAREHOLDERS' EQUITY (Tables) | 3 Months Ended | ||||||||||||||||||||
Nov. 30, 2013 | |||||||||||||||||||||
Equity [Abstract] | ' | ||||||||||||||||||||
Schedule of Dividend Activity | ' | ||||||||||||||||||||
The Company’s dividend activity during the three months ended November 30, 2013 was as follows: | |||||||||||||||||||||
Dividend Per | Accenture plc Class A | Accenture SCA Class I Common | Total Cash | ||||||||||||||||||
Share | Ordinary Shares | Shares and Accenture Canada Holdings | Outlay | ||||||||||||||||||
Inc. Exchangeable Shares | |||||||||||||||||||||
Dividend Payment Date | Record Date | Cash Outlay | Record Date | Cash Outlay | |||||||||||||||||
November 15, 2013 | $ | 0.93 | October 11, 2013 | $ | 591,380 | October 8, 2013 | $ | 38,854 | $ | 630,234 | |||||||||||
DERIVATIVE_FINANCIAL_INSTRUMEN1
DERIVATIVE FINANCIAL INSTRUMENTS (Tables) | 3 Months Ended | |||||||
Nov. 30, 2013 | ||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | |||||||
Notional and Fair Values of All Derivative Instruments | ' | |||||||
The notional and fair values of all derivative instruments were as follows: | ||||||||
November 30, | August 31, | |||||||
2013 | 2013 | |||||||
Assets | ||||||||
Cash Flow Hedges | ||||||||
Other current assets | $ | 159 | $ | — | ||||
Other non-current assets | 1,156 | — | ||||||
Other Derivatives | ||||||||
Other current assets | 37,789 | 4,805 | ||||||
Total assets | $ | 39,104 | $ | 4,805 | ||||
Liabilities | ||||||||
Cash Flow Hedges | ||||||||
Other accrued liabilities | $ | 121,454 | $ | 187,525 | ||||
Other non-current liabilities | 102,058 | 159,155 | ||||||
Other Derivatives | ||||||||
Other accrued liabilities | 18,155 | 72,017 | ||||||
Total liabilities | $ | 241,667 | $ | 418,697 | ||||
Total fair value | $ | (202,563 | ) | $ | (413,892 | ) | ||
Total notional value | $ | 6,210,850 | $ | 5,499,224 | ||||
Offsetting Derivative Assets and Liabilities Table | ' | |||||||
November 30, | August 31, | |||||||
2013 | 2013 | |||||||
Net derivative assets | $ | 28,367 | $ | 1,317 | ||||
Net derivative liabilities | 230,930 | 415,209 | ||||||
Total fair value | $ | (202,563 | ) | $ | (413,892 | ) |
SEGMENT_REPORTING_Tables
SEGMENT REPORTING (Tables) | 3 Months Ended | |||||||||||||||
Nov. 30, 2013 | ||||||||||||||||
Segment Reporting [Abstract] | ' | |||||||||||||||
Reportable Operating Segments | ' | |||||||||||||||
SEGMENT REPORTING | ||||||||||||||||
The Company’s reportable operating segments are the five operating groups, which are Communications, Media & Technology; Financial Services; Health & Public Service; Products; and Resources. Information regarding the Company’s reportable operating segments is as follows: | ||||||||||||||||
Three Months Ended November 30, | ||||||||||||||||
2013 | 2012 | |||||||||||||||
Net | Operating | Net | Operating | |||||||||||||
Revenues | Income | Revenues | Income | |||||||||||||
Communications, Media & Technology | $ | 1,410,983 | $ | 153,368 | $ | 1,458,786 | $ | 183,048 | ||||||||
Financial Services | 1,597,966 | 263,568 | 1,562,942 | 241,098 | ||||||||||||
Health & Public Service | 1,230,074 | 179,305 | 1,174,710 | 143,459 | ||||||||||||
Products | 1,801,062 | 247,387 | 1,698,543 | 235,692 | ||||||||||||
Resources | 1,315,007 | 247,471 | 1,321,465 | 245,377 | ||||||||||||
Other | 3,657 | — | 3,515 | — | ||||||||||||
Total | $ | 7,358,749 | $ | 1,091,099 | $ | 7,219,961 | $ | 1,048,674 | ||||||||
BASIS_OF_PRESENTATION_Addition
BASIS OF PRESENTATION - Additional Information (Detail) (USD $) | Nov. 30, 2013 | Aug. 31, 2013 |
In Thousands, unless otherwise specified | ||
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' | ' |
Allowance for doubtful accounts receivable and unbilled services | $87,825 | $91,716 |
Accumulated depreciation | $1,708,458 | $1,608,211 |
EARNINGS_PER_SHARE_Detail
EARNINGS PER SHARE (Detail) (USD $) | 3 Months Ended | |||
In Thousands, except Share data, unless otherwise specified | Nov. 30, 2013 | Nov. 30, 2012 | ||
Basic Earnings per share | ' | ' | ||
Net income attributable to Accenture plc | $751,846 | $698,817 | ||
Basic weighted average Class A ordinary shares | 636,695,545 | 639,659,238 | ||
Basic earnings per share | $1.18 | $1.09 | ||
Diluted Earnings per share | ' | ' | ||
Net income attributable to Accenture plc | 751,846 | 698,817 | ||
Net income attributable to noncontrolling interests in Accenture SCA and Accenture Canada Holdings Inc. (1) | 49,098 | [1] | 58,955 | [1] |
Net income for diluted earnings per share calculation | $800,944 | $757,772 | ||
Basic weighted average Class A ordinary shares | 636,695,545 | 639,659,238 | ||
Class A ordinary shares issuable upon redemption/exchange of noncontrolling interests (1) | 41,591,480 | [1] | 53,972,850 | [1] |
Diluted effect of employee compensation related to Class A ordinary shares (2) | 19,469,519 | [2] | 22,962,260 | [2] |
Diluted effect of share purchase plans related to Class A ordinary shares | 218,306 | 297,699 | ||
Diluted weighted average Class A ordinary shares (2) | 697,974,850 | [2] | 716,892,047 | [2] |
Diluted earnings per share (2) | $1.15 | [2] | $1.06 | [2] |
[1] | Diluted earnings per share assumes the redemption of all Accenture SCA Class I common shares owned by holders of noncontrolling interests and the exchange of all Accenture Canada Holdings Inc. exchangeable shares for Accenture plc ClassB A ordinary shares on a one-for-one basis. The income effect does not take into account bNet income attributable to noncontrolling interests b other,b since those shares are not redeemable or exchangeable for Accenture plc ClassB A ordinary shares. | |||
[2] | Diluted weighted average Accenture plc ClassB A ordinary shares and earnings per share amounts for the three months ended November 30, 2012 have been restated to reflect the impact of the issuance of additional restricted share units to holders of restricted share units in connection with the payments of cash dividends during the first quarter of fiscal 2014. This did not result in a change to previously reported Diluted earnings per share. |
INCOME_TAXES_Additional_Inform
INCOME TAXES - Additional Information (Detail) | 3 Months Ended | |
Nov. 30, 2013 | Nov. 30, 2012 | |
Income Tax Disclosure [Abstract] | ' | ' |
Effective tax rate | 25.10% | 26.80% |
ACCUMULATED_OTHER_COMPREHENSIV2
ACCUMULATED OTHER COMPREHENSIVE LOSS Accumulated Other Comprehensive Loss (Details) (USD $) | 3 Months Ended | ||||
In Thousands, unless otherwise specified | Nov. 30, 2013 | Nov. 30, 2012 | Aug. 31, 2013 | ||
Foreign currency translation | ' | ' | ' | ||
Beginning balance | ($414,401) | ($156,010) | ' | ||
Foreign currency translation | 98,897 | 23,285 | ' | ||
Income tax expense | -1,120 | -209 | ' | ||
Portion attributable to noncontrolling interests | -6,764 | -2,844 | ' | ||
Foreign currency translation, net of tax | 91,013 | 20,232 | ' | ||
Ending balance | -323,388 | -135,778 | ' | ||
Defined benefit plans | ' | ' | ' | ||
Beginning balance | -425,404 | -502,742 | ' | ||
Reclassifications into net periodic pension and post-retirement expense (1) | 5,054 | [1] | 13,370 | [1] | ' |
Income tax expense | -1,837 | -5,354 | ' | ||
Portion attributable to noncontrolling interests | -196 | -600 | ' | ||
Defined benefit plans, net of tax | 3,021 | 7,416 | ' | ||
Ending balance | -422,383 | -495,326 | ' | ||
Cash flow hedges | ' | ' | ' | ||
Beginning balance | -212,941 | -19,402 | ' | ||
Unrealized gains | 88,352 | 59,808 | ' | ||
Reclassification adjustments into Cost of services | 36,131 | 10,501 | ' | ||
Income tax expense | -46,759 | -26,965 | ' | ||
Portion attributable to noncontrolling interests | -4,726 | -3,242 | ' | ||
Cash flow hedges, net of tax | 72,998 | 40,102 | ' | ||
Ending balance | -139,943 | 20,700 | ' | ||
Marketable securities | ' | ' | ' | ||
Beginning balance | 0 | 6 | ' | ||
Ending balance | 0 | 6 | ' | ||
Accumulated other comprehensive loss | ($885,714) | ($610,398) | ($1,052,746) | ||
[1] | Reclassifications into net periodic pension and post-retirement expense are recognized in Cost of services, Sales and marketing and General and administrative costs. |
BUSINESS_COMBINATIONS_AND_GOOD2
BUSINESS COMBINATIONS AND GOODWILL - Changes in Carrying Amount of Goodwill by Reportable Operating Segment (Detail) (USD $) | 3 Months Ended |
In Thousands, unless otherwise specified | Nov. 30, 2013 |
Goodwill [Roll Forward] | ' |
31-Aug-13 | $1,818,586 |
Additions/ Adjustments | 96,311 |
Foreign Currency Translation | 16,223 |
30-Nov-13 | 1,931,120 |
Communications, Media & Technology | ' |
Goodwill [Roll Forward] | ' |
31-Aug-13 | 234,444 |
Additions/ Adjustments | -938 |
Foreign Currency Translation | 4,159 |
30-Nov-13 | 237,665 |
Financial Services | ' |
Goodwill [Roll Forward] | ' |
31-Aug-13 | 582,649 |
Additions/ Adjustments | 35,189 |
Foreign Currency Translation | 3,613 |
30-Nov-13 | 621,451 |
Health & Public Service | ' |
Goodwill [Roll Forward] | ' |
31-Aug-13 | 295,044 |
Additions/ Adjustments | 42,091 |
Foreign Currency Translation | 1,133 |
30-Nov-13 | 338,268 |
Products | ' |
Goodwill [Roll Forward] | ' |
31-Aug-13 | 617,008 |
Additions/ Adjustments | 19,980 |
Foreign Currency Translation | 5,716 |
30-Nov-13 | 642,704 |
Resources | ' |
Goodwill [Roll Forward] | ' |
31-Aug-13 | 89,441 |
Additions/ Adjustments | -11 |
Foreign Currency Translation | 1,602 |
30-Nov-13 | $91,032 |
BUSINESS_COMBINATIONS_AND_GOOD3
BUSINESS COMBINATIONS AND GOODWILL - Additional Information (Detail) (USD $) | 3 Months Ended | ||
In Thousands, unless otherwise specified | Nov. 30, 2013 | Nov. 30, 2012 | Aug. 31, 2013 |
Business Acquisition [Line Items] | ' | ' | ' |
Cash Consideration | $137,387 | $209,952 | ' |
Goodwill | 1,931,120 | ' | 1,818,586 |
Series of Individually Immaterial Business Acquisitions [Member] | ' | ' | ' |
Business Acquisition [Line Items] | ' | ' | ' |
Cash Consideration | 137,387 | ' | ' |
Goodwill | 101,296 | ' | ' |
Intangibles | 37,700 | ' | ' |
Series of Individually Immaterial Business Acquisitions [Member] | Minimum | ' | ' | ' |
Business Acquisition [Line Items] | ' | ' | ' |
Intangibles useful life | '1 year | ' | ' |
Series of Individually Immaterial Business Acquisitions [Member] | Maximum [Member] | ' | ' | ' |
Business Acquisition [Line Items] | ' | ' | ' |
Intangibles useful life | '12 years | ' | ' |
Subsequent Event [Member] | Procurian Inc. [Member] | ' | ' | ' |
Business Acquisition [Line Items] | ' | ' | ' |
Cash Consideration | $375,000 | ' | ' |
MATERIAL_TRANSACTIONS_AFFECTIN2
MATERIAL TRANSACTIONS AFFECTING SHAREHOLDERS' EQUITY - Dividend Activity (Detail) (USD $) | 3 Months Ended | |
In Thousands, except Per Share data, unless otherwise specified | Nov. 30, 2013 | Nov. 30, 2012 |
Dividends [Line Items] | ' | ' |
Dividend Per Share | $0.93 | $0.81 |
Dividend Payment November 2013 [Member] | ' | ' |
Dividends [Line Items] | ' | ' |
Dividend Payment Date | 15-Nov-13 | ' |
Dividend Per Share | $0.93 | ' |
Cash Outlay | $630,234 | ' |
Dividend Payment November 2013 [Member] | Accenture SCA Class I Common Shares and Accenture Canada Holdings Inc Exchangeable Shares | ' | ' |
Dividends [Line Items] | ' | ' |
Record Date | 8-Oct-13 | ' |
Cash Outlay | 38,854 | ' |
Dividend Payment November 2013 [Member] | Class A ordinary shares | ' | ' |
Dividends [Line Items] | ' | ' |
Record Date | 11-Oct-13 | ' |
Cash Outlay | $591,380 | ' |
DERIVATIVE_FINANCIAL_INSTRUMEN2
DERIVATIVE FINANCIAL INSTRUMENTS - Notional and Fair Values of All Derivative Instruments (Detail) (USD $) | Nov. 30, 2013 | Aug. 31, 2013 |
In Thousands, unless otherwise specified | ||
Assets | ' | ' |
Fair value of derivative assets | $39,104 | $4,805 |
Liabilities | ' | ' |
Fair value of derivative liabilities | 241,667 | 418,697 |
Total fair value | -202,563 | -413,892 |
Total notional value | 6,210,850 | 5,499,224 |
Cash Flow Hedging | Other Current Assets | ' | ' |
Assets | ' | ' |
Fair value of derivative assets | 159 | 0 |
Cash Flow Hedging | Other Non-Current Assets | ' | ' |
Assets | ' | ' |
Fair value of derivative assets | 1,156 | 0 |
Cash Flow Hedging | Other Accrued Liabilities | ' | ' |
Liabilities | ' | ' |
Fair value of derivative liabilities | 121,454 | 187,525 |
Cash Flow Hedging | Other Non-Current Liabilities | ' | ' |
Liabilities | ' | ' |
Fair value of derivative liabilities | 102,058 | 159,155 |
Other Derivatives | Other Current Assets | ' | ' |
Assets | ' | ' |
Fair value of derivative assets | 37,789 | 4,805 |
Other Derivatives | Other Accrued Liabilities | ' | ' |
Liabilities | ' | ' |
Fair value of derivative liabilities | $18,155 | $72,017 |
DERIVATIVE_FINANCIAL_INSTRUMEN3
DERIVATIVE FINANCIAL INSTRUMENTS - Additional Information (Detail) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Nov. 30, 2013 | Nov. 30, 2012 |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | ' |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax | ($36,131) | ($10,501) |
Loss on cash flow hedges to be reclassified into earnings | -121,295 | ' |
Realized gains or (losses) and changes in the estimated fair value of derivatives not designated as hedges | $87,043 | $36,687 |
DERIVATIVE_FINANCIAL_INSTRUMEN4
DERIVATIVE FINANCIAL INSTRUMENTS DERIVATIVE FINANCIAL INSTRUMENTS - Offsetting Derivative Assets and Liabilities (Details) (USD $) | Nov. 30, 2013 | Aug. 31, 2013 |
In Thousands, unless otherwise specified | ||
Offsetting Derivative Assets and Liabilities [Abstract] | ' | ' |
Net derivative assets | $28,367 | $1,317 |
Derivative Liability | 230,930 | 415,209 |
Total fair value | ($202,563) | ($413,892) |
COMMITMENTS_AND_CONTINGENCIES_
COMMITMENTS AND CONTINGENCIES - Additional Information (Detail) (USD $) | Nov. 30, 2013 | Aug. 31, 2013 |
In Thousands, unless otherwise specified | ||
Commitments and Contingencies Disclosure [Abstract] | ' | ' |
Fair value of Avanade redeemable common stock and options | $92,984 | $94,310 |
Expressly limited performance guarantee | 709,000 | 748,000 |
Portion of guarantee not recoverable | $16,000 | $15,000 |
SEGMENT_REPORTING_Reportable_O
SEGMENT REPORTING - Reportable Operating Segments (Detail) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Nov. 30, 2013 | Nov. 30, 2012 |
Segment Reporting Information [Line Items] | ' | ' |
Net Revenues | $7,358,749 | $7,219,961 |
Operating Income | 1,091,099 | 1,048,674 |
Communications, Media & Technology | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Net Revenues | 1,410,983 | 1,458,786 |
Operating Income | 153,368 | 183,048 |
Financial Services | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Net Revenues | 1,597,966 | 1,562,942 |
Operating Income | 263,568 | 241,098 |
Health & Public Service | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Net Revenues | 1,230,074 | 1,174,710 |
Operating Income | 179,305 | 143,459 |
Products | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Net Revenues | 1,801,062 | 1,698,543 |
Operating Income | 247,387 | 235,692 |
Resources | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Net Revenues | 1,315,007 | 1,321,465 |
Operating Income | 247,471 | 245,377 |
Other | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Net Revenues | 3,657 | 3,515 |
Operating Income | $0 | $0 |
SEGMENT_REPORTING_Additional_I
SEGMENT REPORTING - Additional Information (Detail) | 3 Months Ended |
Nov. 30, 2013 | |
segment | |
Segment Reporting [Abstract] | ' |
Number of operating segments | 5 |