Jabil (JBL) 10-Q 4 Apr 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Feb. 28, 2019	Mar. 28, 2019
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Feb. 28, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Trading Symbol	JBL
Entity Registrant Name	JABIL INC
Entity Central Index Key	0000898293
Current Fiscal Year End Date	--08-31
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Common Stock, Shares Outstanding		152,878,329

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Feb. 28, 2019	Aug. 31, 2018
Current assets:
Cash and cash equivalents	$ 749,057	$ 1,257,949
Accounts receivable, net of allowance for doubtful accounts of $14,456 as of February 28, 2019 and $15,181 as of August 31, 2018	2,543,615	1,693,268
Contract assets	832,889	0
Inventories, net	3,248,273	3,457,706
Prepaid expenses and other current assets	532,223	1,141,000
Total current assets	7,906,057	7,549,923
Property, plant and equipment, net of accumulated depreciation of $3,860,332 as of February 28, 2019 and $3,646,945 as of August 31, 2018	3,279,505	3,198,016
Goodwill	627,296	627,745
Intangible assets, net of accumulated amortization of $321,965 as of February 28, 2019 and $307,178 as of August 31, 2018	274,439	279,131
Deferred income taxes	194,015	218,252
Other assets	195,282	172,574
Total assets	12,476,594	12,045,641
Current liabilities:
Current installments of notes payable and long-term debt	175,186	25,197
Accounts payable	4,900,070	4,942,932
Accrued expenses	2,676,604	2,262,744
Total current liabilities	7,751,860	7,230,873
Notes payable and long-term debt, less current installments	2,482,387	2,493,502
Other liabilities	132,882	94,617
Income tax liabilities	133,066	148,884
Deferred income taxes	117,547	114,385
Total liabilities	10,617,742	10,082,261
Commitments and contingencies
Jabil Inc. stockholders’ equity:
Preferred stock, $0.001 par value, authorized 10,000,000 shares; no shares issued and no shares outstanding
Common stock, $0.001 par value, authorized 500,000,000 shares; 259,739,745 and 257,130,145 shares issued and 152,878,329 and 164,588,172 shares outstanding as of February 28, 2019 and August 31, 2018, respectively	260	257
Additional paid-in capital	2,264,966	2,218,673
Retained earnings	1,966,100	1,760,097
Accumulated other comprehensive loss	(13,253)	(19,399)
Treasury stock at cost, 106,861,416 and 92,541,973 shares as of February 28, 2019 and August 31, 2018, respectively	(2,370,898)	(2,009,371)
Total Jabil Inc. stockholders’ equity	1,847,175	1,950,257
Noncontrolling interests	11,677	13,123
Total equity	1,858,852	1,963,380
Total liabilities and equity	$ 12,476,594	$ 12,045,641

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Feb. 28, 2019	Aug. 31, 2018
Statement of Financial Position [Abstract]
Accounts receivable, allowance for doubtful accounts	$ 14,456	$ 15,181
Property, plant and equipment, accumulated depreciation	3,860,332	3,646,945
Intangible assets, accumulated amortization	$ 321,965	$ 307,178
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	259,739,745	257,130,145
Common stock, shares outstanding	152,878,329	164,588,172
Treasury stock, shares	106,861,416	92,541,973

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 28, 2019	Feb. 28, 2018	Feb. 28, 2019	Feb. 28, 2018
Income Statement [Abstract]
Net revenue	$ 6,066,990	$ 5,301,101	$ 12,573,265	$ 10,886,633
Cost of revenue	5,612,116	4,903,968	11,598,741	10,020,215
Gross profit	454,874	397,133	974,524	866,418
Operating expenses:
Selling, general and administrative	282,142	243,940	560,268	536,995
Research and development	10,155	8,344	21,298	17,453
Amortization of intangibles	7,777	9,890	15,423	19,869
Restructuring and related charges	817	5,427	6,842	16,815
Operating income	153,983	129,532	370,693	275,286
Other expense	11,757	10,485	25,307	16,367
Interest income	(4,760)	(5,011)	(9,139)	(8,824)
Interest expense	46,160	37,796	88,812	74,042
Income before income tax	100,826	86,262	265,713	193,701
Income tax expense	33,219	48,734	74,032	92,254
Net income	67,607	37,528	191,681	101,447
Net income attributable to noncontrolling interests, net of tax	253	220	727	344
Net income attributable to Jabil Inc.	$ 67,354	$ 37,308	$ 190,954	$ 101,103
Earnings per share attributable to the stockholders of Jabil Inc.:
Basic (in dollars per share)	$ 0.44	$ 0.21	$ 1.21	$ 0.58
Diluted (in dollars per share)	$ 0.43	$ 0.21	$ 1.19	$ 0.57
Weighted average shares outstanding:
Basic (in shares)	154,725	174,635	158,160	175,792
Diluted (in shares)	156,737	176,953	160,413	178,578

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 28, 2019	Feb. 28, 2018	Feb. 28, 2019	Feb. 28, 2018
Statement of Comprehensive Income [Abstract]
Net income	$ 67,607	$ 37,528	$ 191,681	$ 101,447
Other comprehensive income:
Change in foreign currency translation	12,535	24,721	12,912	20,921
Change in derivative instruments:
Change in fair value of derivatives	2,386	20,653	(16,083)	28,396
Adjustment for net (gains) losses realized and included in net income	3,501	(9,893)	17,686	(15,084)
Total change in derivative instruments	5,887	10,760	1,603	13,312
Unrealized gain (loss) on available for sale securities	273	(349)	(8,472)	(1,814)
Actuarial gain (loss)	0	(8)	103	(431)
Total other comprehensive income	18,695	35,124	6,146	31,988
Comprehensive income	86,302	72,652	197,827	133,435
Comprehensive income attributable to noncontrolling interests	253	220	727	344
Comprehensive income attributable to Jabil Inc.	$ 86,049	$ 72,432	$ 197,100	$ 133,091

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive (Loss) Income	Treasury Stock	Noncontrolling Interests
Beginning Balance at Aug. 31, 2017	$ 2,368,344	$ 253	$ 2,104,203	$ 1,730,893	$ 54,620	$ (1,536,455)	$ 14,830
Shares issued under employee stock purchase plan		1	12,838
Vesting of restricted stock awards		3	(3)
Recognition of stock-based compensation			59,726
Declared dividends				(29,624)
Comprehensive income	133,435			101,103	31,988		344
Purchases of treasury stock under employee stock plans						(22,343)
Treasury shares purchased						(225,108)
Acquisition of noncontrolling interests							0
Disposition of noncontrolling interests							0
Declared dividends to noncontrolling interests							(2,920)
Foreign currency adjustments attributable to noncontrolling interests							(3)
Ending Balance at Feb. 28, 2018	2,294,346	257	2,176,764	1,802,372	86,608	(1,783,906)	12,251
Beginning Balance at Nov. 30, 2017	2,344,692	256	2,149,173	1,779,335	51,484	(1,650,509)	14,953
Shares issued under employee stock purchase plan		1	12,838
Vesting of restricted stock awards		0	0
Recognition of stock-based compensation			14,753
Declared dividends				(14,271)
Comprehensive income	72,652			37,308	35,124		220
Purchases of treasury stock under employee stock plans						(1,598)
Treasury shares purchased						(131,799)
Acquisition of noncontrolling interests							0
Disposition of noncontrolling interests							0
Declared dividends to noncontrolling interests							(2,920)
Foreign currency adjustments attributable to noncontrolling interests							(2)
Ending Balance at Feb. 28, 2018	2,294,346	257	2,176,764	1,802,372	86,608	(1,783,906)	12,251
Cumulative effect adjustment for adoption of new accounting standards				40,855
Beginning Balance at Aug. 31, 2018	1,963,380	257	2,218,673	1,760,097	(19,399)	(2,009,371)	13,123
Shares issued under employee stock purchase plan		1	14,587
Vesting of restricted stock awards		2	(2)
Recognition of stock-based compensation			31,708
Declared dividends				(25,806)
Comprehensive income	197,827			190,954	6,146		727
Purchases of treasury stock under employee stock plans						(11,204)
Treasury shares purchased						(350,323)
Acquisition of noncontrolling interests							1,112
Disposition of noncontrolling interests							(1,785)
Declared dividends to noncontrolling interests							(1,500)
Foreign currency adjustments attributable to noncontrolling interests							0
Ending Balance at Feb. 28, 2019	1,858,852	260	2,264,966	1,966,100	(13,253)	(2,370,898)	11,677
Cumulative effect adjustment for adoption of new accounting standards				0
Beginning Balance at Nov. 30, 2018	1,905,513	259	2,235,827	1,911,451	(31,948)	(2,223,673)	13,597
Shares issued under employee stock purchase plan		1	14,579
Vesting of restricted stock awards		0	0
Recognition of stock-based compensation			14,560
Declared dividends				(12,705)
Comprehensive income	86,302			67,354	18,695		253
Purchases of treasury stock under employee stock plans						(1,489)
Treasury shares purchased						(145,736)
Acquisition of noncontrolling interests							1,112
Disposition of noncontrolling interests							(1,785)
Declared dividends to noncontrolling interests							(1,500)
Foreign currency adjustments attributable to noncontrolling interests							0
Ending Balance at Feb. 28, 2019	$ 1,858,852	$ 260	$ 2,264,966	$ 1,966,100	$ (13,253)	$ (2,370,898)	$ 11,677

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Feb. 28, 2019	Feb. 28, 2018
Cash flows provided by (used in) operating activities:
Net income	$ 191,681	$ 101,447
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	381,510	382,322
Restructuring and related charges	(3,212)	9,263
Recognition of stock-based compensation expense and related charges	32,946	59,938
Deferred income taxes	23,921	(24,535)
Provision for allowance for doubtful accounts	5,598	17,271
Other, net	38,559	(792)
Change in operating assets and liabilities, exclusive of net assets acquired:
Accounts receivable	(365,192)	(1,245,493)
Contract assets	(815,144)	0
Inventories	225,036	(418,307)
Prepaid expenses and other current assets	(4,895)	(95,187)
Other assets	(10,170)	(19,272)
Accounts payable, accrued expenses and other liabilities	407,127	369,346
Net cash provided by (used in) operating activities	107,765	(863,999)
Cash flows (used in) provided by investing activities:
Acquisition of property, plant and equipment	(537,140)	(544,401)
Proceeds and advances from sale of property, plant and equipment	144,968	236,316
Cash paid for business and intangible asset acquisitions, net of cash	(80,778)	(95,858)
Cash receipts on sold receivables	96,846	1,162,184
Other, net	(13,504)	(2,360)
Net cash (used in) provided by investing activities	(389,608)	755,881
Cash flows used in financing activities:
Borrowings under debt agreements	6,182,931	4,690,570
Payments toward debt agreements	(6,046,181)	(4,555,233)
Payments to acquire treasury stock	(350,323)	(225,108)
Dividends paid to stockholders	(27,422)	(30,431)
Net proceeds from exercise of stock options and issuance of common stock under employee stock purchase plan	14,587	12,838
Treasury stock minimum tax withholding related to vesting of restricted stock	(11,204)	(22,343)
Other, net	(1,500)	(11,237)
Net cash used in financing activities	(239,112)	(140,944)
Effect of exchange rate changes on cash and cash equivalents	12,063	(61)
Net decrease in cash and cash equivalents	(508,892)	(249,123)
Cash and cash equivalents at beginning of period	1,257,949	1,189,919
Cash and cash equivalents at end of period	$ 749,057	$ 940,796

Basis of Presentation

Basis of Presentation	6 Months Ended
	Feb. 28, 2019
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) necessary to present fairly the information set forth therein have been included. Jabil Inc. (the “Company”) has made certain reclassification adjustments to conform prior periods’ Condensed Consolidated Financial Statements to the current presentation. The accompanying unaudited Condensed Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements and footnotes included in the Annual Report on Form 10-K of the Company for the fiscal year ended August 31, 2018 . Results for the six months ended February 28, 2019 are not necessarily an indication of the results that may be expected for the full fiscal year ending August 31, 2019 .

Earnings Per Share and Dividend

Earnings Per Share and Dividends	6 Months Ended
	Feb. 28, 2019
Earnings Per Share [Abstract]
Earnings Per Share and Dividends	Earnings Per Share and Dividends Earnings Per Share The Company calculates its basic earnings per share by dividing net income attributable to the Company by the weighted average number of common shares outstanding during the period. The Company’s diluted earnings per share is calculated in a similar manner, but includes the effect of dilutive securities. The difference between the weighted average number of basic shares outstanding and the weighted average number of diluted shares outstanding is primarily due to dilutive unvested restricted stock unit awards (“restricted stock units”) and dilutive stock appreciation rights. Potential shares of common stock are excluded from the computation of diluted earnings per share when their effect would be antidilutive. Performance-based restricted stock units are considered dilutive when the related performance criteria have been met assuming the end of the reporting period represents the end of the performance period. All potential shares of common stock are antidilutive in periods of net loss. Potential shares of common stock not included in the computation of earnings per share because their effect would have been antidilutive or because the performance criterion was not met were as follows (in thousands): Three months ended Six months ended February 28, 2019 February 28, 2018 February 28, 2019 February 28, 2018 Restricted stock units 1,348 2,476 1,348 2,354 Dividends The following table sets forth cash dividends declared by the Company to common stockholders during the six months ended February 28, 2019 and 2018 (in thousands, except for per share data): Dividend Declaration Date Dividend per Share Total of Cash Dividends Declared Date of Record for Dividend Payment Dividend Cash Payment Date Fiscal Year 2019: October 18, 2018 $ 0.08 $ 13,226 November 15, 2018 December 3, 2018 January 24, 2019 $ 0.08 $ 12,706 February 15, 2019 March 1, 2019 Fiscal Year 2018: October 19, 2017 $ 0.08 $ 14,588 November 15, 2017 December 1, 2017 January 25, 2018 $ 0.08 $ 14,272 February 15, 2018 March 1, 2018

Inventories

Inventories	6 Months Ended
	Feb. 28, 2019
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consist of the following (in thousands): February 28, 2019 August 31, 2018 Raw materials $ 2,424,324 $ 2,070,569 Work in process 467,496 788,742 Finished goods 422,910 659,335 Reserve for excess and obsolete inventory (66,457 ) (60,940 ) Inventories, net $ 3,248,273 $ 3,457,706

Accrued Expenses

Accrued Expenses	6 Months Ended
	Feb. 28, 2019
Accrued Liabilities, Current [Abstract]
Accrued Expenses	Accrued Expenses Accrued expenses consist of the following (in thousands): February 28, 2019 August 31, 2018 Contract liabilities $ 583,300 $ — Deferred income — 691,365 Accrued compensation and employee benefits 472,621 570,400 Other accrued expenses 1,620,683 1,000,979 Accrued expenses $ 2,676,604 $ 2,262,744

Stock-Based Compensation and Sh

Stock-Based Compensation and Shares Repurchases	6 Months Ended
	Feb. 28, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation and Shares Repurchases	Stock-Based Compensation and Share Repurchases The Company recognized stock-based compensation expense within selling, general and administrative expense as follows (in thousands): Three months ended Six months ended February 28, 2019 February 28, 2018 February 28, 2019 February 28, 2018 Restricted stock units and stock appreciation rights $ 13,604 $ 12,952 $ 28,655 $ 56,459 Employee stock purchase plan 2,093 2,087 4,291 3,787 Other (1) — — — 7,538 Total $ 15,697 $ 15,039 $ 32,946 $ 67,784 (1) Represents a one-time cash-settled stock award that vested on November 30, 2017. As of February 28, 2019 , the shares available to be issued under the 2011 Stock Award and Incentive Plan were 11,933,647 . Restricted Stock Units Certain key employees have been granted time-based, performance-based and market-based restricted stock units. The time-based restricted stock units generally vest on a graded vesting schedule over three years . The performance-based restricted stock units generally vest on a cliff vesting schedule over three years and up to a maximum of 150% , depending on the specified performance condition and the level of achievement obtained. The performance-based restricted stock units have a vesting condition that is based upon the Company’s cumulative adjusted core earnings per share during the performance period. The market-based restricted stock units generally vest on a cliff vesting schedule over three years and up to a maximum of 200% , depending on the specified performance condition and the level of achievement obtained. The market-based restricted stock units have a vesting condition that is tied to the Company’s total shareholder return based on the Company’s stock performance in relation to the companies in the Standard and Poor’s (S&P) Super Composite Technology Hardware and Equipment Index excluding the Company. During the six months ended February 28, 2019 and 2018 , the Company awarded approximately 1.6 million and 1.4 million time-based restricted stock units, respectively, 0.4 million and 0.4 million performance-based restricted stock units, respectively and 0.4 million and 0.4 million market-based restricted stock units, respectively. The following represents the stock-based compensation information for the period indicated (in thousands): Six months ended February 28, 2019 Unrecognized stock-based compensation expense—restricted stock units $ 66,046 Remaining weighted-average period for restricted stock units expense 1.5 years Common Stock Outstanding The following represents the common stock outstanding for the periods indicated: Three months ended Six months ended February 28, 2019 February 28, 2018 February 28, 2019 February 28, 2018 Common stock outstanding: Beginning balances 157,986,896 176,305,660 164,588,172 177,727,653 Shares issued upon exercise of stock options 11,348 154 11,348 29,688 Shares issued under employee stock purchase plan 691,971 575,516 692,325 575,516 Vesting of restricted stock 219,764 220,022 1,905,927 2,694,147 Purchases of treasury stock under employee stock plans (57,389 ) (59,708 ) (464,836 ) (784,031 ) Treasury shares purchased (5,974,261 ) (4,978,414 ) (13,854,607 ) (8,179,743 ) Ending balances 152,878,329 172,063,230 152,878,329 172,063,230 Share Repurchases In June 2018, the Company’s Board of Directors authorized the repurchase of up to $350.0 million of the Company’s common stock (the “2018 Share Repurchase Program”). The 2018 Share Repurchase Program expires August 31, 2019. As of February 28, 2019 , 13.9 million shares had been repurchased for $350.0 million , which utilized the total amount authorized by the Board of Directors.

Concentration of Risk and Segme

Concentration of Risk and Segment Data	6 Months Ended
	Feb. 28, 2019
Segment Reporting [Abstract]
Concentration of Risk and Segment Data	Concentration of Risk and Segment Data Concentration of Risk Sales of the Company’s products are concentrated among specific customers. During the six months ended February 28, 2019 , the Company’s five largest customers accounted for approximately 46% of its net revenue and 78 customers accounted for approximately 90% of its net revenue. Sales to these customers were reported in the Electronics Manufacturing Services (“EMS”) and Diversified Manufacturing Services (“DMS”) operating segments. The Company procures components from a broad group of suppliers. Some of the products manufactured by the Company require one or more components that are available from only a single source. Segment Data Net revenue for the operating segments is attributed to the segment in which the service is performed. An operating segment’s performance is evaluated based on its pre-tax operating contribution, or segment income. Segment income is defined as net revenue less cost of revenue, segment selling, general and administrative expenses, segment research and development expenses and an allocation of corporate manufacturing expenses and selling, general and administrative expenses. Segment income does not include amortization of intangibles, stock-based compensation expense and related charges, restructuring and related charges, distressed customer charges, acquisition and integration charges, loss on disposal of subsidiaries, settlement of receivables and related charges, impairment of notes receivable and related charges, goodwill impairment charges, business interruption and impairment charges, net, income (loss) from discontinued operations, gain (loss) on sale of discontinued operations, other expense, interest income, interest expense, income tax expense or adjustment for net income (loss) attributable to noncontrolling interests. Transactions between operating segments are generally recorded at amounts that approximate those at which we would transact with third parties. The following table sets forth operating segment information (in thousands): Three months ended Six months ended February 28, 2019 February 28, 2018 February 28, 2019 February 28, 2018 Net revenue EMS $ 3,804,727 $ 2,870,488 $ 7,307,830 $ 5,732,548 DMS 2,262,263 2,430,613 5,265,435 5,154,085 $ 6,066,990 $ 5,301,101 $ 12,573,265 $ 10,886,633 Segment income and reconciliation of income before income tax EMS $ 88,654 $ 95,283 $ 172,749 $ 180,993 DMS 102,405 83,313 271,970 224,823 Total segment income $ 191,059 $ 178,596 $ 444,719 $ 405,816 Reconciling items: Amortization of intangibles (7,777 ) (9,890 ) (15,423 ) (19,869 ) Distressed customer charge — (14,706 ) — (14,706 ) Stock-based compensation expense and related charges (15,697 ) (15,039 ) (32,946 ) (67,784 ) Restructuring and related charges (817 ) (5,427 ) (6,842 ) (16,815 ) Acquisition and integration charges (12,785 ) — (21,675 ) — Business interruption and impairment charges, net (1) — (4,002 ) 2,860 (11,356 ) Other expense (11,757 ) (10,485 ) (25,307 ) (16,367 ) Interest income 4,760 5,011 9,139 8,824 Interest expense (46,160 ) (37,796 ) (88,812 ) (74,042 ) Income before income tax $ 100,826 $ 86,262 $ 265,713 $ 193,701 (1) Charges, net of insurance proceeds of $6.1 million for the three months ended February 28, 2018, and $2.9 million and $16.4 million for the six months ended February 28, 2019 and 2018, respectively, relate to business interruption and asset impairment costs associated with damage from Hurricane Maria, which impacted our operations in Cayey, Puerto Rico. As of February 28, 2019 , the Company operated in 29 countries worldwide. Sales to unaffiliated customers are based on the Company’s location that maintains the customer relationship and transacts the external sale. The following table sets forth, for the periods indicated, foreign source revenue expressed as a percentage of net revenue: Three months ended Six months ended February 28, 2019 February 28, 2018 February 28, 2019 February 28, 2018 Foreign source revenue 88.2 % 91.9 % 90.6 % 92.1 %

Notes Payable and Long-Term Deb

Notes Payable and Long-Term Debt	6 Months Ended
	Feb. 28, 2019
Debt Disclosure [Abstract]
Notes Payable and Long-Term Debt	Notes Payable and Long-Term Debt Notes payable and long-term debt outstanding as of February 28, 2019 and August 31, 2018 are summarized below (in thousands): Maturity Date February 28, August 31, 5.625% Senior Notes Dec 15, 2020 $ 398,441 $ 397,995 4.700% Senior Notes Sep 15, 2022 497,678 497,350 4.900% Senior Notes Jul 14, 2023 298,935 298,814 3.950% Senior Notes Jan 12, 2028 494,516 494,208 Borrowings under credit facilities (1) Nov 8, 2022 and Aug 24, 2020 150,000 — Borrowings under loans Nov 8, 2022 and Aug 24, 2020 818,003 830,332 Total notes payable and long-term debt 2,657,573 2,518,699 Less current installments of notes payable and long-term debt 175,186 25,197 Notes payable and long-term debt, less current installments $ 2,482,387 $ 2,493,502 (1) As of February 28, 2019 , the Company has $2.2 billion in available unused borrowing capacity under its revolving credit facilities. Debt Covenants Borrowings under the Company’s debt agreements are subject to various covenants that limit the Company’s ability to: incur additional indebtedness, sell assets, effect mergers and certain transactions, and effect certain transactions with subsidiaries and affiliates. In addition, the revolving credit facilities and the 4.900% Senior Notes contain debt leverage and interest coverage covenants. The Company is also subject to certain covenants requiring the Company to offer to repurchase the 5.625% , 4.700% , 4.900% or 3.950% Senior Notes upon a change of control. As of February 28, 2019 and August 31, 2018 , the Company was in compliance with its debt covenants. Fair Value The estimated fair values of the Company’s publicly traded debt, including the 5.625% , 4.700% and 3.950% Senior Notes, were approximately $410.5 million , $508.0 million and $463.3 million , respectively, as of February 28, 2019 . The fair value estimates are based upon observable market data (Level 2 criteria). The estimated fair value of the Company’s private debt, the 4.900% Senior Notes, was approximately $304.6 million , as of February 28, 2019 . This fair value estimate is based on the Company’s indicative borrowing cost derived from discounted cash flows (Level 3 criteria). The carrying amounts of borrowings under credit facilities and under loans approximate fair value as interest rates on these instruments approximate current market rates.

Trade Accounts Receivable Secur

Trade Accounts Receivable Securitization and Sale Programs	6 Months Ended
	Feb. 28, 2019
Transfers and Servicing [Abstract]
Trade Accounts Receivable Securitization and Sale Programs	Trade Accounts Receivable Securitization and Sale Programs The Company regularly sells designated pools of trade accounts receivable under a foreign asset-backed securitization program, a North American asset-back securitization program and uncommitted trade accounts receivable sale programs (collectively referred to herein as the “programs”). The Company continues servicing the receivables sold and in exchange receives a servicing fee under each of the programs. Servicing fees related to each of the programs recognized during the three months and six months ended February 28, 2019 and 2018 were not material. The Company does not record a servicing asset or liability on the Condensed Consolidated Balance Sheets as the Company estimates that the fee it receives to service these receivables approximates the fair market compensation to provide the servicing activities. Transfers of the receivables under the programs are accounted for as sales and, accordingly, net receivables sold under the programs are excluded from accounts receivable on the Condensed Consolidated Balance Sheets and are reflected as cash provided by operating activities on the Condensed Consolidated Statements of Cash Flows. The adoption of Accounting Standards Update No. 2016-15 (“ASU 2016-15”) described in Note 14 , New Accounting Guidance, resulted in a reclassification of cash flows from operating activities to investing activities in the Company’s Condensed Consolidated Statement of Cash Flows for cash receipts related to collections on the deferred purchase price receivable (i.e. beneficial interest) on asset-backed securitization transactions. In addition, the beneficial interest of $162.2 million for the six months ended February 28, 2019 , and $366.3 million and $1.1 billion for the three months and six months ended February 28, 2018 , respectively, obtained in exchange for securitized receivables are reported as non-cash investing activities. Asset-Backed Securitization Programs The Company continuously sells designated pools of trade accounts receivable under its foreign asset-backed securitization program to a special purpose entity, which in turn sells certain of the receivables to an unaffiliated financial institution and a conduit administered by an unaffiliated financial institution on a monthly basis. Effective October 1, 2018, the foreign asset-backed securitization program terms were amended and the program was extended to September 30, 2021. In connection with this amendment, there is no longer a deferred purchase price receivable for the foreign asset-backed securitization program as the entire purchase price is paid in cash when the receivables are sold. As of October 1, 2018, approximately $734.2 million of accounts receivable sold under the foreign asset-backed securitization program was exchanged for the outstanding deferred purchase price receivable of $335.5 million . The remaining amount due to the financial institution of $398.7 million was subsequently settled for $25.2 million of cash and $373.5 million of trade accounts receivable sold to the financial institution. The previously sold trade accounts receivable were recorded at fair market value. Prior to the amendment, any portion of the purchase price for the receivables not paid in cash upon the sale occurring was recorded as a deferred purchase price receivable, which was paid from available cash as payments on the receivables were collected. The foreign asset-backed securitization program contains a guarantee of payment by the special purpose entity, in an amount equal to approximately the net cash proceeds under the program. No liability has been recorded for obligations under the guarantee as of February 28, 2019. The special purpose entity in the foreign asset-backed securitization program is a separate bankruptcy-remote entity whose assets would be first available to satisfy the creditor claims of the unaffiliated financial institution. The Company is deemed the primary beneficiary of this special purpose entity as the Company has both the power to direct the activities of the entity that most significantly impact the entity’s economic performance and the obligation to absorb losses or the right to receive the benefits that could potentially be significant to the entity from the transfer of the trade accounts receivable into the special purpose entity. Accordingly, the special purpose entity associated with the foreign asset-backed securitization program is included in the Company’s Condensed Consolidated Financial Statements. The North American asset-backed securitization program was terminated on October 9, 2018 and as of this date approximately $500.0 million of accounts receivable sold under the program was exchanged for the outstanding deferred purchase price receivable of $300.0 million and $200.0 million of cash. The previously sold trade accounts receivable were recorded at fair market value. On November 27, 2018, the Company entered into a new North American asset-backed securitization program. The Company continuously sells designated pools of trade accounts receivable under its new North American asset-backed securitization program to a special purpose entity, which in turn sells certain of the receivables to conduits administered by unaffiliated financial institutions on a monthly basis. The special purpose entity in the North American asset-backed securitization program is a wholly-owned subsidiary of the Company and is included in the Company’s Condensed Consolidated Financial Statements. There is no longer a deferred purchase price receivable for the North American asset-backed securitization program as the entire purchase price is paid in cash when the receivables are sold. Additionally, $197.0 million in receivables are pledged as collateral to the unaffiliated financial institution as of February 28, 2019. Following is a summary of the asset-backed securitization programs and key terms: Maximum Amount of (1) Expiration North American $ 390.0 November 22, 2021 Foreign $ 400.0 September 30, 2021 (1) Maximum amount available at any one time. In connection with the asset-backed securitization programs, the Company recognized the following (in millions): Three months ended Six months ended February 28, 2019 February 28, 2018 February 28, 2019 (4) February 28, 2018 Trade accounts receivable sold $ 1,078 $ 2,057 $ 1,828 $ 4,449 Cash proceeds received (1) $ 1,072 $ 1,507 $ 1,816 $ 3,895 Pre-tax losses on sale of receivables (2) $ 6 $ 3 $ 12 $ 7 Deferred purchase price receivables as of February 28 (3) $ — $ 547 $ — $ 547 (1) For the three months and six months ended February 28, 2019 and 2018 , the amount primarily represented proceeds from collections reinvested in revolving-period transfers. (2) Recorded to other expense within the Condensed Consolidated Statements of Operations. (3) Recorded initially at fair value as prepaid expenses and other current assets on the Condensed Consolidated Balance Sheets and are valued using unobservable inputs (Level 3 inputs), primarily discounted cash flows, and due to their credit quality and short-term maturity the fair values approximated book values. The unobservable inputs consist of estimated credit losses and estimated discount rates, which both have an immaterial impact on the fair value calculations. (4) Excludes $650.3 million of trade accounts receivable sold, $488.1 million of cash and $13.9 million of net cash received prior to the amendment of the foreign asset-backed securitization program and under the previous North American asset-backed securitization program. The asset-backed securitization programs require compliance with several covenants. The North American asset-based securitization program covenants include compliance with the interest ratio and debt to EBITDA ratio of the Credit Facility. The foreign asset-backed securitization program covenants include limitations on certain corporate actions such as mergers and consolidations. As of February 28, 2019 and August 31, 2018 , the Company was in compliance with all covenants under the asset-backed securitization programs. Trade Accounts Receivable Sale Programs The following is a summary of the trade accounts receivable sale programs with unaffiliated financial institutions where the Company may elect to sell receivables and the unaffiliated financial institution may elect to purchase, at a discount, on an ongoing basis: Program Maximum (1) Type of Expiration A $ 800.0 Uncommitted August 31, 2022 (2) B $ 150.0 Uncommitted November 30, 2019 (3) C 800.0 CNY Uncommitted June 30, 2019 D $ 100.0 Uncommitted May 4, 2023 (4) E $ 50.0 Uncommitted August 25, 2019 F $ 150.0 Uncommitted January 25, 2020 (5) G $ 50.0 Uncommitted February 23, 2023 (2) H $ 100.0 Uncommitted August 10, 2019 (6) I $ 100.0 Uncommitted July 21, 2019 (7) J $ 150.0 Uncommitted February 25, 2020 (8) (1) Maximum amount available at any one time. (2) Any party may elect to terminate the agreement upon 15 days prior notice. (3) The program will automatically extend for one year at each expiration date unless either party provides 10 days notice of termination. (4) Any party may elect to terminate the agreement upon 30 days prior notice. (5) The program will be automatically extended through January 25, 2023 unless either party provides 30 days notice of termination. (6) The program will be automatically extended through August 10, 2023 unless either party provides 30 days notice of termination. (7) The program will be automatically extended through August 21, 2023 unless either party provides 30 days notice of termination. (8) The program will be automatically extended each year through February 23, 2024 unless either party provides 30 days notice of termination. In connection with the trade accounts receivable sale programs, the Company recognized the following (in millions): Three months ended Six months ended February 28, 2019 February 28, 2018 February 28, 2019 February 28, 2018 Trade accounts receivable sold $ 1,719 $ 1,640 $ 3,553 $ 2,734 Cash proceeds received $ 1,712 $ 1,636 $ 3,538 $ 2,728 Pre-tax losses on sale of receivables (1) $ 7 $ 4 $ 15 $ 6 (1) Recorded to other expense within the Condensed Consolidated Statement of Operations.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	6 Months Ended
	Feb. 28, 2019
Equity [Abstract]
Accumulated Other Comprehensive Income	Accumulated Other Comprehensive Income The following table sets forth the changes in accumulated other comprehensive income (“AOCI”), net of tax, by component for the six months ended February 28, 2019 (in thousands): Foreign Currency Translation Adjustment Derivative Instruments Actuarial (Loss) Gain Prior Service Cost Available for Sale Securities Total Balance as of August 31, 2018 $ 7,431 $ 8,116 $ (25,021 ) $ (643 ) $ (9,282 ) (19,399 ) Other comprehensive income (loss) before reclassifications 12,912 (16,083 ) 103 — (8,472 ) (11,540 ) Amounts reclassified from AOCI — 17,686 — — — 17,686 Other comprehensive income (loss) (1) 12,912 1,603 103 — (8,472 ) 6,146 Balance as of February 28, 2019 $ 20,343 $ 9,719 $ (24,918 ) $ (643 ) $ (17,754 ) $ (13,253 ) (1) Amounts are net of tax, which are immaterial. The following table sets forth the amounts reclassified from AOCI into the Condensed Consolidated Statements of Operations, and the associated financial statement line item, net of tax, for the periods indicated (in thousands): Three months ended Six months ended Comprehensive Income Components Financial Statement Line Item February 28, February 28, February 28, February 28, Unrealized (gains) losses on derivative instruments: Foreign exchange contracts Cost of revenue $ 3,931 $ (7,381 ) $ 18,546 $ (10,060 ) Interest rate contracts Interest expense (430 ) (2,512 ) (860 ) (5,024 ) Total amounts reclassified from AOCI (1)(2) $ 3,501 $ (9,893 ) $ 17,686 $ (15,084 ) (1) The Company expects to reclassify $5.9 million into earnings during the next twelve months, which will primarily be classified as a component of cost of revenue. (2) Amounts are net of tax, which are immaterial for the three months and six months ended February 28, 2019. The amounts for the three months and six months ended February 28, 2018, include a reduction to income tax expense related to derivative instruments of $3.5 million and $7.0 million , respectively.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Feb. 28, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies The Company is party to certain lawsuits in the ordinary course of business. The Company does not believe that these proceedings, individually or in the aggregate, will have a material adverse effect on the Company’s financial position, results of operations or cash flows. The Internal Revenue Service (“IRS”) completed its field examination of the Company’s tax returns for fiscal years 2009 through 2011 and issued a Revenue Agent’s Report (“RAR”) on May 27, 2015, which was updated on June 22, 2016. The IRS completed its field examination of the Company’s tax returns for fiscal years 2012 through 2014 and issued an RAR on April 19, 2017. The proposed adjustments in the RAR from both examination periods relate primarily to U.S. taxation of certain intercompany transactions. If the IRS ultimately prevails in its positions, the Company’s income tax payment due for the fiscal years 2009 through 2011 and 2012 through 2014 would be approximately $28.6 million and $5.3 million , respectively, after utilization of tax loss carry forwards available through fiscal year 2014. Also, the IRS has proposed interest and penalties with respect to fiscal years 2009 through 2011. The IRS may make similar claims in future audits with respect to these types of transactions. At this time, anticipating the amount of any future IRS proposed adjustments, interest and penalties is not practicable. The Company disagrees with and intends to contest the proposed income tax payments assessed. As the final resolution of the proposed adjustments remains uncertain, the Company continues to provide for the uncertain tax positions based on the more likely than not standard. While the resolution of the issues may result in tax liabilities, interest and penalties, which may be significantly higher than the amounts accrued for these matters, management currently believes that the resolution will not have a material adverse effect on the Company’s financial position, results of operations or cash flows. However, there can be no assurance that management’s beliefs will be realized.

Derivative Financial Instrument

Derivative Financial Instruments and Hedging Activities	6 Months Ended
	Feb. 28, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments and Hedging Activities	Derivative Financial Instruments and Hedging Activities The Company is directly and indirectly affected by changes in certain market conditions. These changes in market conditions may adversely impact the Company’s financial performance and are referred to as market risks. The Company, where deemed appropriate, uses derivatives as risk management tools to mitigate the potential impact of certain market risks. The primary market risks managed by the Company through the use of derivative instruments are foreign currency risk and interest rate risk. Foreign Currency Risk Management Forward contracts are put in place to manage the foreign currency risk associated with the anticipated foreign currency denominated revenues and expenses. A hedging relationship existed with an aggregate notional amount outstanding of $251.7 million and $293.4 million as of February 28, 2019 and August 31, 2018 , respectively. The related forward foreign exchange contracts have been designated as hedging instruments and are accounted for as cash flow hedges. The forward foreign exchange contract transactions will effectively lock in the value of anticipated foreign currency denominated revenues and expenses against foreign currency fluctuations. The anticipated foreign currency denominated revenues and expenses being hedged are expected to occur between March 1, 2019 and November 30, 2019 . In addition to derivatives that are designated as hedging instruments and qualify for hedge accounting, the Company also enters into forward contracts to economically hedge transactional exposure associated with commitments arising from trade accounts receivable, trade accounts payable, fixed purchase obligations and intercompany transactions denominated in a currency other than the functional currency of the respective operating entity. The aggregate notional amount of these outstanding contracts as of February 28, 2019 and August 31, 2018 , was $3.9 billion and $3.4 billion , respectively. The following table presents the fair values of the Company’s derivative instruments recorded in the Condensed Consolidated Balance Sheets utilized for foreign currency risk management purposes as of February 28, 2019 and August 31, 2018 (in thousands): Fair Values of Derivative Instruments Asset Derivatives Liability Derivatives Balance Sheet Location Fair Value as of Fair Value as of Balance Sheet Location Fair Value as of Fair Value as of Derivatives designated as hedging instruments: Forward foreign exchange contracts Prepaid expenses and other current assets $ 6,560 $ 225 Accrued expenses $ 1,104 $ 13,364 Derivatives not designated as hedging instruments: Forward foreign exchange contracts Prepaid expenses and other current assets $ 24,422 $ 10,125 Accrued expenses $ 3,602 $ 46,171 (1) Classified as Level 2 in the fair-value hierarchy. The Company’s forward foreign exchange contracts are measured on a recurring basis at fair value, based on foreign currency spot rates and forward rates quoted by banks or foreign currency dealers. The gains and losses recognized in earnings due to hedge ineffectiveness and the amount excluded from effectiveness testing were not material for all periods presented and are included as components of net revenue, cost of revenue and selling, general and administrative expense, which are the same line items in which the hedged items are recorded. The following table presents the net gains from forward contracts recorded in the Condensed Consolidated Statements of Operations for the periods indicated (in thousands): Derivatives Not Designated as Hedging Instruments Under ASC 815 Location of Gain on Derivatives Recognized in Net Income Amount of Gain Recognized in Net Income on Derivatives Three months ended Six months ended February 28, 2019 February 28, 2018 February 28, 2019 February 28, 2018 Forward foreign exchange contracts (1) Cost of revenue $ 49,794 $ 48,933 $ 42,808 $ 45,744 (1) For the three months and six months ended February 28, 2019 , the Company recognized $57.1 million and $52.6 million , respectively, of foreign currency losses in cost of revenue, which are offset by the gains from the forward foreign exchange contracts. During the three months and six months ended February 28, 2018 , the Company recognized $41.7 million and $35.5 million , respectively, of foreign currency losses in cost of revenue, which are offset by the gains from the forward foreign exchange contracts. Interest Rate Risk Management The Company periodically enters into interest rate swaps to manage interest rate risk associated with the Company’s borrowings. Cash Flow Hedges During the first quarter of fiscal year 2019, the Company entered into forward interest rate swap transactions to hedge the fixed interest rate payments for an anticipated debt issuance. The forward starting swaps have an aggregate notional amount of $200.0 million and have been designated as hedging instruments and accounted for as cash flow hedges. The forward starting swaps are scheduled to expire on December 15, 2020. If the anticipated debt issuance occurs before December 15, 2020, the contracts will be terminated simultaneously with the debt issuance. The contracts will be settled with the respective counterparties on a net basis at the time of termination or expiration. During the first quarter of fiscal year 2019, the Company entered into interest rate swap transactions to hedge the variable interest rate payments for the $500.0 million Term Loan Facility which expires on November 8, 2022 (the “2017 Term Loan Facility”). In connection with this transaction, the Company pays interest based upon a fixed rate as agreed upon with the respective counterparties and receives variable rate interest payments based on the one-month LIBOR. The interest rate swaps have an aggregate notional amount of $200.0 million and have been designated as hedging instruments and accounted for as cash flow hedges. The interest rate swaps were effective on October 11, 2018 and are scheduled to expire on August 31, 2020. The contracts will be settled with the respective counterparties on a net basis at each settlement date. During fiscal year 2018, the Company entered into interest rate swap transactions to hedge the variable interest rate payments for the $350.0 million Term Loan Facility which expires on August 24, 2020 (the “2018 Term Loan Facility”). In connection with this transaction, the Company pays interest based upon a fixed rate as agreed upon with the respective counterparties and receives variable rate interest payments based on the three-month LIBOR. The interest rate swaps have an aggregate notional amount of $350.0 million and have been designated as hedging instruments and accounted for as cash flow hedges. The interest rate swaps were effective on August 24, 2018 and are scheduled to expire on August 24, 2020. The contracts will be settled with the respective counterparties on a net basis at each settlement date. During fiscal year 2016, the Company entered into interest rate swap transactions to hedge the variable interest rate payments for the 2017 Term Loan Facility. In connection with this transaction, the Company pays interest based upon a fixed rate as agreed upon with the respective counterparties and receives variable rate interest payments based on the one-month LIBOR. The interest rate swaps have an aggregate notional amount of $200.0 million and have been designated as hedging instruments and accounted for as cash flow hedges. The interest rate swaps were effective on September 30, 2016 and are scheduled to expire on June 30, 2019 . The contracts will be settled with the respective counterparties on a net basis at each settlement date. During fiscal year 2016, the Company entered into forward interest rate swap transactions to hedge the fixed interest rate payments for an anticipated debt issuance (the 3.950% Senior Notes). The swaps were accounted for as a cash flow hedge and had a notional amount of $200.0 million . Concurrently with the pricing of the 3.950% Senior Notes in the second quarter of fiscal year 2018, the Company settled the swaps. The fair value of the cash received for the swaps at settlement was $17.2 million . The effective portion of the swaps is recorded in the Company’s Consolidated Balance Sheets as a component of AOCI and is amortized as a reduction to interest expense in the Company’s Consolidated Statements of Operations through January 2028.

Restructuring and Related Charg

Restructuring and Related Charges	6 Months Ended
	Feb. 28, 2019
Restructuring and Related Activities [Abstract]
Restructuring and Related Charges	Restructuring and Related Charges Following is a summary of the Company’s restructuring and related charges (in thousands): Three months ended Six months ended February 28, 2019 February 28, 2018 February 28, 2019 February 28, 2018 Employee severance and benefit costs $ 3,768 $ 2,012 $ 8,947 $ 5,989 Lease costs — 7 9 7 Asset write-off costs (3,396 ) 2,451 (3,212 ) 9,263 Other related costs 445 957 1,098 1,556 Total restructuring and related charges (1) $ 817 $ 5,427 $ 6,842 $ 16,815 (1) Includes $0.3 million and $2.1 million recorded in the EMS segment and $0.5 million and $3.3 million recorded in the DMS segment for the three months ended February 28, 2019 and 2018 , respectively. Includes $4.7 million and $8.0 million recorded in the EMS segment, $2.1 million and $7.9 million recorded to the DMS segment and $0.0 million and $0.9 million of non-allocated charges for the six months ended February 28, 2019 and 2018 , respectively. Except for asset write-off costs, all restructuring and related charges are cash costs. 2017 Restructuring Plan On September 15, 2016, the Company’s Board of Directors formally approved a restructuring plan to better align the Company’s global capacity and administrative support infrastructure to further optimize organizational effectiveness. This action includes headcount reductions across the Company’s selling, general and administrative cost base and capacity realignment in higher cost locations (the “2017 Restructuring Plan”). Upon completion of the 2017 Restructuring Plan, the Company expects to recognize approximately $195.0 million in restructuring and other related costs. The Company has incurred $187.1 million in costs-to-date as of February 28, 2019 . The table below summarizes the Company’s liability activity, primarily associated with the 2017 Restructuring Plan (in thousands): Employee Severance and Benefit Costs Lease Costs Asset Write-off Costs Other Related Costs Total Balance as of August 31, 2018 $ 18,131 $ 2,684 $ — $ 522 $ 21,337 Restructuring related charges 8,947 9 (3,212 ) 1,098 6,842 Asset write-off charge and other non-cash activity (240 ) — 3,212 (7 ) 2,965 Cash payments (17,804 ) (303 ) — (1,160 ) (19,267 ) Balance as of February 28, 2019 $ 9,034 $ 2,390 $ — $ 453 $ 11,877

Business Acquisitions

Business Acquisitions	6 Months Ended
	Feb. 28, 2019
Business Combinations [Abstract]
Business Acquisitions	Business Acquisitions Fiscal year 2019 During fiscal year 2019, the Company and Johnson & Johnson Medical Devices Companies (“JJMD”) entered into a Framework Agreement to form a strategic collaboration and expand its existing relationship. The strategic collaboration expands the Company’s medical device manufacturing portfolio, diversification and capabilities. On February 25, 2019, under the terms of the Framework Agreement, the Company completed the initial closing of its acquisition of certain assets of JJMD for approximately $80.8 million in cash, which remains subject to certain post-closing adjustments. The acquisition of the JJMD assets has been accounted for as a business combination using the acquisition method of accounting. Assets acquired of $97.8 million and liabilities assumed of $17.0 million were recorded at their estimated fair values as of the acquisition date. The two subsequent closings, which are subject to customary closing conditions, are expected to occur during the second half of fiscal year 2019 and fiscal year 2020. The Company is currently evaluating the fair values of the assets and liabilities related to this business combination. The preliminary estimates and measurements are, therefore, subject to change during the measurement period for assets acquired, liabilities assumed and tax adjustments. The results of operations were included in the Company’s condensed consolidated financial results beginning on February 25, 2019. The Company believes it is impracticable to provide pro forma information for the acquisition of the JJMD assets. Fiscal year 2018 Acquisition On September 1, 2017 , the Company completed the acquisition of True-Tech Corporation (“True-Tech”) for approximately $95.9 million in cash. True-Tech is a manufacturer specializing in aerospace, semiconductor and medical machined components. The acquisition of True-Tech assets was accounted for as a business combination using the acquisition method of accounting. Assets acquired of $114.7 million , including $25.9 million in intangible assets and $22.6 million in goodwill, and liabilities assumed of $18.8 million were recorded at their estimated fair values as of the acquisition date. The excess of the purchase price over the fair value of the acquired assets and assumed liabilities was recorded to goodwill and was fully allocated to the EMS segment. The majority of the goodwill is currently expected to be deductible for income tax purposes. The results of operations were included in the Company’s condensed consolidated financial results beginning on September 1, 2017. Pro forma information has not been provided as the acquisition of True-Tech is not deemed to be significant.

New Accounting Guidance

New Accounting Guidance	6 Months Ended
	Feb. 28, 2019
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Guidance	New Accounting Guidance Recently Adopted Accounting Guidance During fiscal year 2014, the Financial Accounting Standards Board (“FASB”) issued an accounting standard, which is a comprehensive new revenue recognition model that requires a company to recognize revenue to depict the transfer of goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. The accounting standard became effective for the Company in the first quarter of fiscal year 2019. The Company implemented changes to its processes, policies and internal controls to meet the impact of the new standard and disclosure requirements. Refer to Note 16 – “Revenue” to the Condensed Consolidated Financial Statements for further details. During fiscal year 2016, the FASB issued a new accounting standard to address certain aspects of recognition, measurement, presentation and disclosure of financial instruments. This guidance became effective for the Company in the first quarter of fiscal year 2019, and was applied prospectively by means of a cumulative-effect adjustment to the Consolidated Balance Sheet as of September 1, 2018 to equity investments that existed as of the date of adoption of the standard. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements; however, the impact on future periods will depend on the facts and circumstances of future transactions. During fiscal year 2016, the FASB issued a new accounting standard to address the presentation of certain transactions within the statement of cash flows with the objective of reducing the existing diversity in practice. This standard was adopted on September 1, 2018 on a retrospective basis and resulted in a reclassification of cash flows from operating activities to investing activities in the Company’s Consolidated Statement of Cash Flows for cash receipts related to collections on the deferred purchase price receivable on asset-backed securitization transactions. The increase in cash flow from investing activities and the corresponding decrease to cash flow from operating activities upon adoption of the standard was $96.8 million and $1.2 billion for the six months ended February 28, 2019 and 2018, respectively. During fiscal year 2017, the FASB issued a new accounting standard to improve the accounting for the income tax consequences of intra-entity transfers of assets other than inventory. The new standard eliminates the exception for an intra-entity transfer of an asset other than inventory and requires an entity to recognize the income tax consequences when the transfer occurs. This guidance became effective for the Company beginning in the first quarter of fiscal year 2019. This guidance was adopted on a modified retrospective basis and an immaterial cumulative-effect adjustment was recorded, which reduced retained earnings as of September 1, 2018. During fiscal year 2017, the FASB issued a new accounting standard which clarifies the scope of accounting for asset derecognition and adds further guidance for recognizing gains and losses from the transfer of non-financial assets in contracts with non-customers. This guidance became effective for the Company beginning in the first quarter of fiscal year 2019 coincident with the new revenue recognition guidance. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements; however, the impact on future periods will depend on the facts and circumstances of future transactions. During fiscal year 2017, the FASB issued a new accounting standard to improve the presentation of net periodic pension benefit cost. The Company adopted the standard on September 1, 2018 on a retrospective basis which results in reclassifications for the service cost component of net periodic benefit cost from selling, general and administrative expense to cost of revenue and for the other components from selling, general and administrative expense to other expense. Prior periods have not been reclassified due to immateriality. During the second quarter of fiscal year 2018, the Securities and Exchange Commission (“SEC”) staff issued Staff Accounting Bulletin No. 118, Income Tax Accounting Implications of the Tax Cut and Jobs Act (“SAB 118”), which provides guidance on accounting for the tax effects of the Tax Cuts and Jobs Act of 2017 (“Tax Act”). SAB 118 provides a measurement period that should not extend beyond one year from the Tax Act enactment date for companies to complete the accounting under ASC 740. In accordance with SAB 118, a company must reflect the income tax effects of those aspects of the Tax Act for which the accounting under ASC 740 is complete. To the extent that a company’s accounting for certain income tax effects of the Tax Act is incomplete, but it is able to determine a reasonable estimate, it must record a provisional estimate in its financial statements. If a company cannot determine a provisional estimate to be included in the financial statements, it should continue to apply ASC 740 on the basis of the provisions of the tax laws that were in effect immediately before the enactment of the Tax Act. The Company has applied SAB 118 and provided required disclosures in Note 15 - “Income Taxes.” Recently Issued Accounting Guidance During fiscal year 2016, the FASB issued a new accounting standard revising lease accounting. The new guidance requires organizations to recognize lease assets and lease liabilities on the Consolidated Balance Sheet and disclose key information regarding leasing arrangements. This guidance is effective for the Company beginning in the first quarter of fiscal year 2020. Early application of the new standard is permitted and the standard must be adopted using a modified retrospective approach. In preparation for the adoption, the Company is implementing a new lease accounting system. The adoption of this standard will impact the Company’s Consolidated Balance Sheet. The Company is currently evaluating practical expedients and accounting policy elections, and assessing overall impacts this new standard will have on its Consolidated Financial Statements. During fiscal year 2016, the FASB issued an accounting standard, which replaces the existing incurred loss impairment methodology with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. This guidance is effective for the Company beginning in the first quarter of fiscal year 2021 and early adoption is permitted beginning in the first quarter of fiscal year 2020. This guidance must be applied using a modified retrospective or prospective transition method, depending on the area covered by this accounting standard. The Company is currently assessing the impact this new standard may have on its Consolidated Financial Statements. During fiscal year 2017, the FASB issued a new accounting standard to improve the financial reporting of hedging relationships to better portray the economic results of an entity’s risk management activities by simplifying the application of hedge accounting and improving the related disclosures in its financial statements. This guidance is effective for the Company beginning in the first quarter of fiscal year 2020, with early adoption permitted. The guidance must be applied using a modified retrospective approach. The adoption of this standard is not expected to have a material impact on the Company’s Consolidated Financial Statements; however, the impact on future periods will depend on the facts and circumstances of future transactions. During fiscal year 2018, the FASB issued a new accounting standard which aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. This guidance is effective for the Company beginning in the first quarter of fiscal year 2021, with early adoption permitted. The Company is currently assessing the impact this new standard may have on its Consolidated Financial Statements. Recently issued accounting guidance not discussed above is not applicable or did not have, or is not expected to have, a material impact to the Company.

Income Taxes

Income Taxes	6 Months Ended
	Feb. 28, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes On December 22, 2017, the U.S. government enacted comprehensive tax legislation commonly referred to as the Tax Act. The Tax Act reduced the corporate tax rate, limited or eliminated certain tax deductions, and changed the taxation of foreign earnings of U.S. multinational companies. The enacted changes include a mandatory income inclusion of the historically untaxed foreign earnings of a U.S. company’s foreign subsidiaries and will effectively tax such income at reduced tax rates (“transition tax”). During fiscal year 2018, the Company made reasonable estimates related to certain impacts of the Tax Act and, in accordance with SAB 118, recorded a net provisional income tax expense of $142.3 million for the fiscal year ended August 31, 2018. This net provisional expense was mainly comprised of $65.9 million related to the one-time transition tax inclusive of unrecognized tax benefits, $(10.5) million related to the re-measurement of the Company’s U.S. deferred tax attributes, and $85.0 million related to the foreign tax impact of a change in indefinite reinvestment assertion on certain earnings from the Company’s foreign subsidiaries. During the first quarter of fiscal year 2019, the Company recorded an income tax benefit of $13.3 million , inclusive of unrecognized tax benefits, associated with the Tax Act. The income tax benefit was mainly related to the one-time transition tax to adjust the amount previously recorded during the fiscal year ended August 31, 2018. The adjustment to the one-time transition tax for the three months ended November 30, 2018 was primarily related to further analysis of the Company’s utilization of foreign tax credits and applicable limitations. The calculation of the one-time transition tax is based upon estimates of post-1986 earnings and profits, applicable foreign tax credits and relevant limitations, utilization of U.S. federal net operating losses and tax credits and the amount of foreign earnings held in cash and non-cash assets. During the three months ended February 28, 2019, the Company made no material adjustments to the net income tax expense related to the Tax Act. The Company has determined the Tax Act impacts based on the analysis, interpretations and guidance available at this time and considers the accounting for the effects of the Tax Act complete under SAB 118. There may be future adjustments based on changes in interpretations of the Tax Act, legislative updates or final regulations under the Tax Act, changes in accounting standards for income taxes, or changes in estimates we have utilized to calculate the transitional impact. During the first quarter of fiscal year 2019, the Company elected to record the Global Intangible Low-Taxed Income effects as a period cost. As a result of the one-time transition tax, the Company will have a substantial amount of previously taxed earnings that can be distributed to the U.S. without additional U.S. taxation. Additionally, the Tax Act provides for a 100% dividends received deduction for dividends received by U.S. corporations from 10-percent or more owned foreign corporations. During the fiscal year ended August 31, 2018, the Company recorded liabilities of $85.0 million from a change in the indefinite reinvestment assertion on certain earnings from its foreign subsidiaries, primarily associated with foreign withholding taxes that would be incurred upon such future remittances of cash. The Company intends to indefinitely reinvest the remaining earnings from the Company’s foreign subsidiaries for which a deferred tax liability has not already been recorded. The accumulated earnings are the most significant component of the basis differences which are indefinitely reinvested. The effective tax rate of 33.0% and 27.9% during the three months and six months ended February 28, 2019 , respectively, differed from the U.S. federal statutory rate of 21.0% primarily due to: (i) losses in tax jurisdictions with existing valuation allowances; and (ii) tax incentives granted to sites in Brazil, China, Malaysia, Singapore and Vietnam. In addition, the six months ended February 28, 2019 included adjustments to amounts previously recorded for the Tax Act. The effective tax rate of 56.5% and 47.6% during the three months and six months ended February 28, 2018 , respectively, differed from the blended U.S. federal statutory rate of 25.7% primarily due to the Tax Act, including the one-time transition tax and the re-measurement of the Company’s U.S. deferred tax attributes of $30.9 million , partially offset by a reduction in unrecognized tax benefits of $16.1 million for the lapse of statute in a non-U.S. jurisdiction. Other primary drivers for the difference between the effective tax rate and the blended U.S. federal statutory rate of 25.7% during the three months and six months ended February 28, 2018 are: (i) tax incentives granted to sites in Brazil, China, Malaysia, Singapore and Vietnam; and (ii) losses in tax jurisdictions with existing valuation allowances, including losses from stock-based compensation for the six months ended February 28, 2018.

Revenue

Revenue	6 Months Ended
	Feb. 28, 2019
Revenue from Contract with Customer [Abstract]
Revenue	Revenue Effective September 1, 2018, the Company adopted ASU 2014-09, Revenue Recognition (Topic 606). The new standard is a comprehensive new revenue recognition model that requires the Company to recognize revenue in a manner which depicts the transfer of goods or services to its customers at an amount that reflects the consideration the Company expects to receive in exchange for those goods or services. Prior to the adoption of the new standard, the Company recognized substantially all of its revenue from contracts with customers at a point in time, which was generally when the goods were shipped to or received by the customer, title and risk of ownership had passed, the price to the buyer was fixed or determinable and collectability was reasonably assured (net of estimated returns). Under the new standard, the Company will recognize revenue over time for the majority of its contracts with customers which will result in revenue for those customers being recognized earlier than under the previous guidance. Revenue for all other contracts with customers will continue to be recognized at a point in time, similar to recognition prior to the adoption of the standard. Additionally, the new standard impacts the Company’s accounting for certain fulfillment costs, which include upfront costs to prepare for manufacturing activities that are expected to be recovered. Under the new standard, such upfront costs will be recognized as an asset and amortized on a systematic basis consistent with the pattern of the transfer of control of the products or services to which to the asset relates. The Company adopted ASU 2014-09 using the modified retrospective method by applying the guidance to all open contracts upon adoption and recorded a cumulative effect adjustment as of September 1, 2018, net of tax, of $42.6 million . No adjustments have been made to prior periods. Following is a summary of the cumulative effect adjustment (in thousands): Balance as of August 31, 2018 Adjustments due to adoption of ASU 2014-09 Balance as of September 1, 2018 Assets Contract assets (1) $ — $ 591,616 $ 591,616 Inventories, net (1) $ 3,457,706 $ (461,271 ) $ 2,996,435 Prepaid expenses and other current assets (1)(2) $ 1,141,000 $ (37,271 ) $ 1,103,729 Deferred income taxes (1)(2) $ 218,252 $ (8,325 ) $ 209,927 Liabilities Contract liabilities (2)(3) $ — $ 690,142 $ 690,142 Deferred income (2)(3)(4) $ 691,365 $ (691,365 ) $ — Other accrued expenses (3)(4) $ 1,000,979 $ 40,392 $ 1,041,371 Deferred income taxes (1) $ 114,385 $ 2,977 $ 117,362 Equity Retained earnings (1)(2) $ 1,760,097 $ 42,602 $ 1,802,699 (1) Differences primarily relate to the timing of revenue recognition for over time customers and certain balance sheet reclassifications. (2) Differences primarily relate to the timing of recognition and recovery of fulfillment costs and certain balance sheet reclassifications. (3) Included within accrued expenses on the Condensed Consolidated Balance Sheets. (4) Differences included in contract liabilities as of September 1, 2018. Significant Judgments The Company is one of the leading providers of worldwide manufacturing services and solutions. The Company provides comprehensive electronics design, production and product management services to companies in various industries and end markets. The Company derives substantially all of its revenue from production and product management services (collectively referred to as “manufacturing services”), which encompasses the act of producing tangible products that are built to customer specifications, which are then provided to the customer. The Company generally enters into manufacturing service contracts with its customers that provide the framework under which business will be conducted and customer purchase orders will be received for specific quantities and with predominantly fixed pricing. As a result, the Company considers its contract with a customer to be the combination of the manufacturing service contract and the purchase order, or any agreements or other similar documents. The majority of our manufacturing service contracts relate to manufactured products which have no alternative use and for which the Company has an enforceable right to payment for the work completed to date. As a result, revenue is recognized over time when or as the Company transfers control of the promised products or services (known as performance obligations) to its customers. For certain other contracts with customers that do not meet the over time revenue recognition criteria, transfer of control occurs at a point in time which generally occurs upon delivery and transfer of risk and title to the customer. Most of our contracts have a single performance obligation as the promise to transfer the individual manufactured product or service is capable of being distinct and is distinct within the context of the contract. For the majority of customers, performance obligations are satisfied over time based on the continuous transfer of control as manufacturing services are performed and are generally completed in less than one year. The Company also derives revenue to a lesser extent from electronic design services to certain customers. Revenue from electronic design services is generally recognized over time as the services are performed. For the Company’s over time customers, it believes the measure of progress which best depicts the transfer of control is based on costs incurred to date, relative to total estimated cost at completion (i.e., an input method). This method is a faithful depiction of the transfer of goods or services because it results in the recognition of revenue on the basis of our to-date efforts in the satisfaction of a performance obligation relative to the total expected efforts in the satisfaction of the performance obligation. The Company believes that the use of an input method best depicts the transfer of control to the customer, which occurs as we incur costs on our contracts. The transaction price of each performance obligation is generally based upon the contractual stand-alone selling price of the product or service. Certain contracts with customers include variable consideration, such as rebates, discounts, or returns. The Company recognizes estimates of this variable consideration that are not expected to result in a significant revenue reversal in the future, primarily based on the most likely level of consideration to be paid to the customer under the specific terms of the underlying programs. Taxes collected from the Company’s customers and remitted to governmental authorities are presented within the Company’s Consolidated Statement of Operations on a net basis and are excluded from the transaction price. The Company has elected to account for shipping and handling activities related to contracts with customers as costs to fulfill the promise to transfer the goods. Accordingly, the Company records customer payments of shipping and handling costs as a component of net revenue, and classifies such costs as a component of cost of revenue. The following table presents the effect of the adoption of the new revenue guidance on the Condensed Consolidated Balance Sheets as of February 28, 2019 (in thousands): February 28, 2019 As reported Balance without the adoption of ASU 2014-09 Assets Contract assets (1) $ 832,889 $ — Inventories, net (1) $ 3,248,273 $ 3,943,077 Prepaid expenses and other current assets (1)(2) $ 532,223 $ 537,801 Deferred income taxes (1)(2) $ 194,015 $ 198,444 Liabilities Contract liabilities (2)(3) $ 583,300 $ — Deferred income (2)(3)(4) $ — $ 571,149 Other accrued expenses (3)(4) $ 1,620,683 $ 1,616,750 Deferred income taxes (1) $ 117,547 $ 113,426 Equity Retained earnings (1)(2) $ 1,966,100 $ 1,858,227 (1) Differences primarily relate to the timing of revenue recognition for over time customers and certain balance sheet reclassifications. (2) Differences primarily relate to the timing of recognition and recovery of fulfillment costs and certain balance sheet reclassifications. (3) Included within accrued expenses on the Condensed Consolidated Balance Sheets. (4) Differences included in contract liabilities as of September 1, 2018. The following table presents the effect of the adoption of the new revenue guidance on the Consolidated Statement of Operations for the three months and six months ended February 28, 2019 (in thousands): Three months ended Six months ended February 28, 2019 February 28, 2019 As reported Balance without the adoption of ASU 2014-09 As reported Balance without the adoption of ASU 2014-09 Net revenue (1) $ 6,066,990 $ 5,985,439 $ 12,573,265 $ 12,229,174 Cost of revenue (2) $ 5,612,116 $ 5,556,714 $ 11,598,741 $ 11,317,170 Operating income $ 153,983 $ 127,835 $ 370,693 $ 308,174 Income tax expense $ 33,219 $ 36,867 $ 74,032 $ 76,783 Net income $ 67,607 $ 37,811 $ 191,681 $ 126,411 (1) Differences primarily relate to the timing of revenue recognition for over-time customers and to the recovery of fulfillment costs. (2) Differences primarily relate to the timing of cost recognition for over-time customers and the recognition of fulfillment costs. The following table presents the Company’s revenues disaggregated by segment (in thousands): Three months ended Six months ended February 28, 2019 February 28, 2019 EMS DMS Total EMS DMS Total Timing of transfer Point in time $ 836,863 $ 1,464,832 $ 2,301,695 $ 1,257,524 $ 3,566,483 $ 4,824,007 Over time $ 2,967,864 $ 797,431 $ 3,765,295 $ 6,050,306 $ 1,698,952 $ 7,749,258 Total $ 3,804,727 $ 2,262,263 $ 6,066,990 $ 7,307,830 $ 5,265,435 $ 12,573,265 Contract Balances Timing of revenue recognition may differ from the timing of invoicing to customers. The Company records an asset when revenue is recognized prior to invoicing a customer (“contract assets”) while a liability is recognized when a customer pays an invoice prior to the Company transferring control of the goods or services (“contract liabilities”). Amounts recognized as contract assets are generally transferred to receivables in the succeeding quarter due to the short-term nature of the manufacturing cycle. Contract assets are classified separately on the Condensed Consolidated Balance Sheets and transferred to receivables when right to payment becomes unconditional. The Company reviews contract assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable after considering factors such as the age of the balances and the financial stability of the customer. No impairment costs related to contract assets were recognized during the six months ended February 28, 2019 . Revenue recognized during the six months ended February 28, 2019 that was included in the contract liability balance as of September 1, 2018 was $267.0 million . Fulfillment Costs The Company capitalizes costs incurred to fulfill its contracts that i) relate directly to the contract or anticipated contracts, ii) are expected to generate or enhance the Company’s resources that will be used to satisfy the performance obligation under the contract, and iii) are expected to be recovered through revenue generated from the contract. Prior to the adoption of the new guidance, unless explicit reimbursement contracts existed, these costs were expensed as incurred. Capitalized fulfillment costs are amortized to cost of revenue as the Company satisfies the related performance obligations under the contract with approximate lives ranging from 1 - 3 years . These costs, which are included in prepaid expenses and other current assets and other assets on the Consolidated Balance Sheets, generally represent upfront costs incurred to prepare for manufacturing activities. The Company assesses the capitalized fulfillment costs for impairment at the end of each reporting period. The Company will recognize an impairment loss to the extent the carrying amount of the capitalized costs exceeds the recoverable amount. Recoverability is assessed by considering the capitalized fulfillment costs in relation to the forecasted profitability of the related manufacturing performance obligations. As of February 28, 2019 , capitalized costs to fulfill are $51.1 million . Amortization of $19.9 million and no impairment costs related to fulfillments costs were recognized during the six months ended February 28, 2019 . Remaining Performance Obligations The Company applied the practical expedient and did not disclose the value of unsatisfied performance obligations for contracts with an original expected length of one year or less.

New Accounting Guidance (Polici

New Accounting Guidance (Policies)	6 Months Ended
	Feb. 28, 2019
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recently Issued Accounting Guidance	Recently Adopted Accounting Guidance During fiscal year 2014, the Financial Accounting Standards Board (“FASB”) issued an accounting standard, which is a comprehensive new revenue recognition model that requires a company to recognize revenue to depict the transfer of goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. The accounting standard became effective for the Company in the first quarter of fiscal year 2019. The Company implemented changes to its processes, policies and internal controls to meet the impact of the new standard and disclosure requirements. Refer to Note 16 – “Revenue” to the Condensed Consolidated Financial Statements for further details. During fiscal year 2016, the FASB issued a new accounting standard to address certain aspects of recognition, measurement, presentation and disclosure of financial instruments. This guidance became effective for the Company in the first quarter of fiscal year 2019, and was applied prospectively by means of a cumulative-effect adjustment to the Consolidated Balance Sheet as of September 1, 2018 to equity investments that existed as of the date of adoption of the standard. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements; however, the impact on future periods will depend on the facts and circumstances of future transactions. During fiscal year 2016, the FASB issued a new accounting standard to address the presentation of certain transactions within the statement of cash flows with the objective of reducing the existing diversity in practice. This standard was adopted on September 1, 2018 on a retrospective basis and resulted in a reclassification of cash flows from operating activities to investing activities in the Company’s Consolidated Statement of Cash Flows for cash receipts related to collections on the deferred purchase price receivable on asset-backed securitization transactions. The increase in cash flow from investing activities and the corresponding decrease to cash flow from operating activities upon adoption of the standard was $96.8 million and $1.2 billion for the six months ended February 28, 2019 and 2018, respectively. During fiscal year 2017, the FASB issued a new accounting standard to improve the accounting for the income tax consequences of intra-entity transfers of assets other than inventory. The new standard eliminates the exception for an intra-entity transfer of an asset other than inventory and requires an entity to recognize the income tax consequences when the transfer occurs. This guidance became effective for the Company beginning in the first quarter of fiscal year 2019. This guidance was adopted on a modified retrospective basis and an immaterial cumulative-effect adjustment was recorded, which reduced retained earnings as of September 1, 2018. During fiscal year 2017, the FASB issued a new accounting standard which clarifies the scope of accounting for asset derecognition and adds further guidance for recognizing gains and losses from the transfer of non-financial assets in contracts with non-customers. This guidance became effective for the Company beginning in the first quarter of fiscal year 2019 coincident with the new revenue recognition guidance. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements; however, the impact on future periods will depend on the facts and circumstances of future transactions. During fiscal year 2017, the FASB issued a new accounting standard to improve the presentation of net periodic pension benefit cost. The Company adopted the standard on September 1, 2018 on a retrospective basis which results in reclassifications for the service cost component of net periodic benefit cost from selling, general and administrative expense to cost of revenue and for the other components from selling, general and administrative expense to other expense. Prior periods have not been reclassified due to immateriality. During the second quarter of fiscal year 2018, the Securities and Exchange Commission (“SEC”) staff issued Staff Accounting Bulletin No. 118, Income Tax Accounting Implications of the Tax Cut and Jobs Act (“SAB 118”), which provides guidance on accounting for the tax effects of the Tax Cuts and Jobs Act of 2017 (“Tax Act”). SAB 118 provides a measurement period that should not extend beyond one year from the Tax Act enactment date for companies to complete the accounting under ASC 740. In accordance with SAB 118, a company must reflect the income tax effects of those aspects of the Tax Act for which the accounting under ASC 740 is complete. To the extent that a company’s accounting for certain income tax effects of the Tax Act is incomplete, but it is able to determine a reasonable estimate, it must record a provisional estimate in its financial statements. If a company cannot determine a provisional estimate to be included in the financial statements, it should continue to apply ASC 740 on the basis of the provisions of the tax laws that were in effect immediately before the enactment of the Tax Act. The Company has applied SAB 118 and provided required disclosures in Note 15 - “Income Taxes.” Recently Issued Accounting Guidance During fiscal year 2016, the FASB issued a new accounting standard revising lease accounting. The new guidance requires organizations to recognize lease assets and lease liabilities on the Consolidated Balance Sheet and disclose key information regarding leasing arrangements. This guidance is effective for the Company beginning in the first quarter of fiscal year 2020. Early application of the new standard is permitted and the standard must be adopted using a modified retrospective approach. In preparation for the adoption, the Company is implementing a new lease accounting system. The adoption of this standard will impact the Company’s Consolidated Balance Sheet. The Company is currently evaluating practical expedients and accounting policy elections, and assessing overall impacts this new standard will have on its Consolidated Financial Statements. During fiscal year 2016, the FASB issued an accounting standard, which replaces the existing incurred loss impairment methodology with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. This guidance is effective for the Company beginning in the first quarter of fiscal year 2021 and early adoption is permitted beginning in the first quarter of fiscal year 2020. This guidance must be applied using a modified retrospective or prospective transition method, depending on the area covered by this accounting standard. The Company is currently assessing the impact this new standard may have on its Consolidated Financial Statements. During fiscal year 2017, the FASB issued a new accounting standard to improve the financial reporting of hedging relationships to better portray the economic results of an entity’s risk management activities by simplifying the application of hedge accounting and improving the related disclosures in its financial statements. This guidance is effective for the Company beginning in the first quarter of fiscal year 2020, with early adoption permitted. The guidance must be applied using a modified retrospective approach. The adoption of this standard is not expected to have a material impact on the Company’s Consolidated Financial Statements; however, the impact on future periods will depend on the facts and circumstances of future transactions. During fiscal year 2018, the FASB issued a new accounting standard which aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. This guidance is effective for the Company beginning in the first quarter of fiscal year 2021, with early adoption permitted. The Company is currently assessing the impact this new standard may have on its Consolidated Financial Statements. Recently issued accounting guidance not discussed above is not applicable or did not have, or is not expected to have, a material impact to the Company.

Earnings Per Share and Divide_2

Earnings Per Share and Dividends (Tables)	6 Months Ended
	Feb. 28, 2019
Earnings Per Share [Abstract]
Dilutive shares outstanding not included in the computation of EPS	Potential shares of common stock not included in the computation of earnings per share because their effect would have been antidilutive or because the performance criterion was not met were as follows (in thousands): Three months ended Six months ended February 28, 2019 February 28, 2018 February 28, 2019 February 28, 2018 Restricted stock units 1,348 2,476 1,348 2,354
Cash dividends declared to common stockholders	The following table sets forth cash dividends declared by the Company to common stockholders during the six months ended February 28, 2019 and 2018 (in thousands, except for per share data): Dividend Declaration Date Dividend per Share Total of Cash Dividends Declared Date of Record for Dividend Payment Dividend Cash Payment Date Fiscal Year 2019: October 18, 2018 $ 0.08 $ 13,226 November 15, 2018 December 3, 2018 January 24, 2019 $ 0.08 $ 12,706 February 15, 2019 March 1, 2019 Fiscal Year 2018: October 19, 2017 $ 0.08 $ 14,588 November 15, 2017 December 1, 2017 January 25, 2018 $ 0.08 $ 14,272 February 15, 2018 March 1, 2018

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Feb. 28, 2019
Inventory Disclosure [Abstract]
Inventories	Inventories consist of the following (in thousands): February 28, 2019 August 31, 2018 Raw materials $ 2,424,324 $ 2,070,569 Work in process 467,496 788,742 Finished goods 422,910 659,335 Reserve for excess and obsolete inventory (66,457 ) (60,940 ) Inventories, net $ 3,248,273 $ 3,457,706

Accrued Expenses (Tables)

Accrued Expenses (Tables)	6 Months Ended
	Feb. 28, 2019
Accrued Liabilities, Current [Abstract]
Schedule of Accrued Expenses	Accrued expenses consist of the following (in thousands): February 28, 2019 August 31, 2018 Contract liabilities $ 583,300 $ — Deferred income — 691,365 Accrued compensation and employee benefits 472,621 570,400 Other accrued expenses 1,620,683 1,000,979 Accrued expenses $ 2,676,604 $ 2,262,744

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Feb. 28, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Recognized stock-based compensation expense within selling, general and administrative expense	The Company recognized stock-based compensation expense within selling, general and administrative expense as follows (in thousands): Three months ended Six months ended February 28, 2019 February 28, 2018 February 28, 2019 February 28, 2018 Restricted stock units and stock appreciation rights $ 13,604 $ 12,952 $ 28,655 $ 56,459 Employee stock purchase plan 2,093 2,087 4,291 3,787 Other (1) — — — 7,538 Total $ 15,697 $ 15,039 $ 32,946 $ 67,784 (1) Represents a one-time cash-settled stock award that vested on November 30, 2017.
Share-based compensation information	The following represents the stock-based compensation information for the period indicated (in thousands): Six months ended February 28, 2019 Unrecognized stock-based compensation expense—restricted stock units $ 66,046 Remaining weighted-average period for restricted stock units expense 1.5 years
Schedule of common stock shares outstanding	The following represents the common stock outstanding for the periods indicated: Three months ended Six months ended February 28, 2019 February 28, 2018 February 28, 2019 February 28, 2018 Common stock outstanding: Beginning balances 157,986,896 176,305,660 164,588,172 177,727,653 Shares issued upon exercise of stock options 11,348 154 11,348 29,688 Shares issued under employee stock purchase plan 691,971 575,516 692,325 575,516 Vesting of restricted stock 219,764 220,022 1,905,927 2,694,147 Purchases of treasury stock under employee stock plans (57,389 ) (59,708 ) (464,836 ) (784,031 ) Treasury shares purchased (5,974,261 ) (4,978,414 ) (13,854,607 ) (8,179,743 ) Ending balances 152,878,329 172,063,230 152,878,329 172,063,230

Concentration of Risk and Seg_2

Concentration of Risk and Segment Data (Tables)	6 Months Ended
	Feb. 28, 2019
Segment Reporting [Abstract]
Reconciliation of revenue from segments to consolidated	The following table sets forth operating segment information (in thousands): Three months ended Six months ended February 28, 2019 February 28, 2018 February 28, 2019 February 28, 2018 Net revenue EMS $ 3,804,727 $ 2,870,488 $ 7,307,830 $ 5,732,548 DMS 2,262,263 2,430,613 5,265,435 5,154,085 $ 6,066,990 $ 5,301,101 $ 12,573,265 $ 10,886,633 Segment income and reconciliation of income before income tax EMS $ 88,654 $ 95,283 $ 172,749 $ 180,993 DMS 102,405 83,313 271,970 224,823 Total segment income $ 191,059 $ 178,596 $ 444,719 $ 405,816 Reconciling items: Amortization of intangibles (7,777 ) (9,890 ) (15,423 ) (19,869 ) Distressed customer charge — (14,706 ) — (14,706 ) Stock-based compensation expense and related charges (15,697 ) (15,039 ) (32,946 ) (67,784 ) Restructuring and related charges (817 ) (5,427 ) (6,842 ) (16,815 ) Acquisition and integration charges (12,785 ) — (21,675 ) — Business interruption and impairment charges, net (1) — (4,002 ) 2,860 (11,356 ) Other expense (11,757 ) (10,485 ) (25,307 ) (16,367 ) Interest income 4,760 5,011 9,139 8,824 Interest expense (46,160 ) (37,796 ) (88,812 ) (74,042 ) Income before income tax $ 100,826 $ 86,262 $ 265,713 $ 193,701 (1) Charges, net of insurance proceeds of $6.1 million for the three months ended February 28, 2018, and $2.9 million and $16.4 million for the six months ended February 28, 2019 and 2018, respectively, relate to business interruption and asset impairment costs associated with damage from Hurricane Maria, which impacted our operations in Cayey, Puerto Rico.
Reconciliation of operating profit (loss) from segments to consolidated	The following table sets forth operating segment information (in thousands): Three months ended Six months ended February 28, 2019 February 28, 2018 February 28, 2019 February 28, 2018 Net revenue EMS $ 3,804,727 $ 2,870,488 $ 7,307,830 $ 5,732,548 DMS 2,262,263 2,430,613 5,265,435 5,154,085 $ 6,066,990 $ 5,301,101 $ 12,573,265 $ 10,886,633 Segment income and reconciliation of income before income tax EMS $ 88,654 $ 95,283 $ 172,749 $ 180,993 DMS 102,405 83,313 271,970 224,823 Total segment income $ 191,059 $ 178,596 $ 444,719 $ 405,816 Reconciling items: Amortization of intangibles (7,777 ) (9,890 ) (15,423 ) (19,869 ) Distressed customer charge — (14,706 ) — (14,706 ) Stock-based compensation expense and related charges (15,697 ) (15,039 ) (32,946 ) (67,784 ) Restructuring and related charges (817 ) (5,427 ) (6,842 ) (16,815 ) Acquisition and integration charges (12,785 ) — (21,675 ) — Business interruption and impairment charges, net (1) — (4,002 ) 2,860 (11,356 ) Other expense (11,757 ) (10,485 ) (25,307 ) (16,367 ) Interest income 4,760 5,011 9,139 8,824 Interest expense (46,160 ) (37,796 ) (88,812 ) (74,042 ) Income before income tax $ 100,826 $ 86,262 $ 265,713 $ 193,701 (1) Charges, net of insurance proceeds of $6.1 million for the three months ended February 28, 2018, and $2.9 million and $16.4 million for the six months ended February 28, 2019 and 2018, respectively, relate to business interruption and asset impairment costs associated with damage from Hurricane Maria, which impacted our operations in Cayey, Puerto Rico.
Schedule of foreign source revenue	The following table sets forth, for the periods indicated, foreign source revenue expressed as a percentage of net revenue: Three months ended Six months ended February 28, 2019 February 28, 2018 February 28, 2019 February 28, 2018 Foreign source revenue 88.2 % 91.9 % 90.6 % 92.1 %

Notes Payable and Long-Term D_2

Notes Payable and Long-Term Debt (Tables)	6 Months Ended
	Feb. 28, 2019
Debt Disclosure [Abstract]
Notes payable and long-term debt	Notes payable and long-term debt outstanding as of February 28, 2019 and August 31, 2018 are summarized below (in thousands): Maturity Date February 28, August 31, 5.625% Senior Notes Dec 15, 2020 $ 398,441 $ 397,995 4.700% Senior Notes Sep 15, 2022 497,678 497,350 4.900% Senior Notes Jul 14, 2023 298,935 298,814 3.950% Senior Notes Jan 12, 2028 494,516 494,208 Borrowings under credit facilities (1) Nov 8, 2022 and Aug 24, 2020 150,000 — Borrowings under loans Nov 8, 2022 and Aug 24, 2020 818,003 830,332 Total notes payable and long-term debt 2,657,573 2,518,699 Less current installments of notes payable and long-term debt 175,186 25,197 Notes payable and long-term debt, less current installments $ 2,482,387 $ 2,493,502 (1) As of February 28, 2019 , the Company has $2.2 billion in available unused borrowing capacity under its revolving credit

Trade Accounts Receivable Sec_2

Trade Accounts Receivable Securitization and Sale Programs (Tables)	6 Months Ended
	Feb. 28, 2019
Transfers and Servicing [Abstract]
Asset-backed securitization programs and key terms	Following is a summary of the asset-backed securitization programs and key terms: Maximum Amount of (1) Expiration North American $ 390.0 November 22, 2021 Foreign $ 400.0 September 30, 2021 (1) Maximum amount available at any one time.
Asset-backed securitization programs amounts recognized	In connection with the asset-backed securitization programs, the Company recognized the following (in millions): Three months ended Six months ended February 28, 2019 February 28, 2018 February 28, 2019 (4) February 28, 2018 Trade accounts receivable sold $ 1,078 $ 2,057 $ 1,828 $ 4,449 Cash proceeds received (1) $ 1,072 $ 1,507 $ 1,816 $ 3,895 Pre-tax losses on sale of receivables (2) $ 6 $ 3 $ 12 $ 7 Deferred purchase price receivables as of February 28 (3) $ — $ 547 $ — $ 547 (1) For the three months and six months ended February 28, 2019 and 2018 , the amount primarily represented proceeds from collections reinvested in revolving-period transfers. (2) Recorded to other expense within the Condensed Consolidated Statements of Operations. (3) Recorded initially at fair value as prepaid expenses and other current assets on the Condensed Consolidated Balance Sheets and are valued using unobservable inputs (Level 3 inputs), primarily discounted cash flows, and due to their credit quality and short-term maturity the fair values approximated book values. The unobservable inputs consist of estimated credit losses and estimated discount rates, which both have an immaterial impact on the fair value calculations. (4) Excludes $650.3 million of trade accounts receivable sold, $488.1 million of cash and $13.9 million of net cash received prior to the amendment of the foreign asset-backed securitization program and under the previous North American asset-backed securitization program.
Trade accounts receivable sale programs key terms	The following is a summary of the trade accounts receivable sale programs with unaffiliated financial institutions where the Company may elect to sell receivables and the unaffiliated financial institution may elect to purchase, at a discount, on an ongoing basis: Program Maximum (1) Type of Expiration A $ 800.0 Uncommitted August 31, 2022 (2) B $ 150.0 Uncommitted November 30, 2019 (3) C 800.0 CNY Uncommitted June 30, 2019 D $ 100.0 Uncommitted May 4, 2023 (4) E $ 50.0 Uncommitted August 25, 2019 F $ 150.0 Uncommitted January 25, 2020 (5) G $ 50.0 Uncommitted February 23, 2023 (2) H $ 100.0 Uncommitted August 10, 2019 (6) I $ 100.0 Uncommitted July 21, 2019 (7) J $ 150.0 Uncommitted February 25, 2020 (8) (1) Maximum amount available at any one time. (2) Any party may elect to terminate the agreement upon 15 days prior notice. (3) The program will automatically extend for one year at each expiration date unless either party provides 10 days notice of termination. (4) Any party may elect to terminate the agreement upon 30 days prior notice. (5) The program will be automatically extended through January 25, 2023 unless either party provides 30 days notice of termination. (6) The program will be automatically extended through August 10, 2023 unless either party provides 30 days notice of termination. (7) The program will be automatically extended through August 21, 2023 unless either party provides 30 days notice of termination. (8) The program will be automatically extended each year through February 23, 2024 unless either party provides 30 days notice of termination.
Trade accounts receivable sale programs amounts recognized	In connection with the trade accounts receivable sale programs, the Company recognized the following (in millions): Three months ended Six months ended February 28, 2019 February 28, 2018 February 28, 2019 February 28, 2018 Trade accounts receivable sold $ 1,719 $ 1,640 $ 3,553 $ 2,734 Cash proceeds received $ 1,712 $ 1,636 $ 3,538 $ 2,728 Pre-tax losses on sale of receivables (1) $ 7 $ 4 $ 15 $ 6 (1) Recorded to other expense within the Condensed Consolidated Statement of Operations.

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	6 Months Ended
	Feb. 28, 2019
Equity [Abstract]
Summary of changes in accumulated other comprehensive income	The following table sets forth the changes in accumulated other comprehensive income (“AOCI”), net of tax, by component for the six months ended February 28, 2019 (in thousands): Foreign Currency Translation Adjustment Derivative Instruments Actuarial (Loss) Gain Prior Service Cost Available for Sale Securities Total Balance as of August 31, 2018 $ 7,431 $ 8,116 $ (25,021 ) $ (643 ) $ (9,282 ) (19,399 ) Other comprehensive income (loss) before reclassifications 12,912 (16,083 ) 103 — (8,472 ) (11,540 ) Amounts reclassified from AOCI — 17,686 — — — 17,686 Other comprehensive income (loss) (1) 12,912 1,603 103 — (8,472 ) 6,146 Balance as of February 28, 2019 $ 20,343 $ 9,719 $ (24,918 ) $ (643 ) $ (17,754 ) $ (13,253 ) (1) Amounts are net of tax, which are immaterial.
Reclassification from AOCI	The following table sets forth the amounts reclassified from AOCI into the Condensed Consolidated Statements of Operations, and the associated financial statement line item, net of tax, for the periods indicated (in thousands): Three months ended Six months ended Comprehensive Income Components Financial Statement Line Item February 28, February 28, February 28, February 28, Unrealized (gains) losses on derivative instruments: Foreign exchange contracts Cost of revenue $ 3,931 $ (7,381 ) $ 18,546 $ (10,060 ) Interest rate contracts Interest expense (430 ) (2,512 ) (860 ) (5,024 ) Total amounts reclassified from AOCI (1)(2) $ 3,501 $ (9,893 ) $ 17,686 $ (15,084 ) (1) The Company expects to reclassify $5.9 million into earnings during the next twelve months, which will primarily be classified as a component of cost of revenue. (2) Amounts are net of tax, which are immaterial for the three months and six months ended February 28, 2019. The amounts for the three months and six months ended February 28, 2018, include a reduction to income tax expense related to derivative instruments of $3.5 million and $7.0 million , respectively.

Derivative Financial Instrume_2

Derivative Financial Instruments and Hedging Activities (Tables)	6 Months Ended
	Feb. 28, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Fair value of derivative instruments located on consolidated balance sheets	The following table presents the fair values of the Company’s derivative instruments recorded in the Condensed Consolidated Balance Sheets utilized for foreign currency risk management purposes as of February 28, 2019 and August 31, 2018 (in thousands): Fair Values of Derivative Instruments Asset Derivatives Liability Derivatives Balance Sheet Location Fair Value as of Fair Value as of Balance Sheet Location Fair Value as of Fair Value as of Derivatives designated as hedging instruments: Forward foreign exchange contracts Prepaid expenses and other current assets $ 6,560 $ 225 Accrued expenses $ 1,104 $ 13,364 Derivatives not designated as hedging instruments: Forward foreign exchange contracts Prepaid expenses and other current assets $ 24,422 $ 10,125 Accrued expenses $ 3,602 $ 46,171 (1) Classified as Level 2 in the fair-value hierarchy.
Net gains from forward contracts recorded in consolidated statements of operations	The following table presents the net gains from forward contracts recorded in the Condensed Consolidated Statements of Operations for the periods indicated (in thousands): Derivatives Not Designated as Hedging Instruments Under ASC 815 Location of Gain on Derivatives Recognized in Net Income Amount of Gain Recognized in Net Income on Derivatives Three months ended Six months ended February 28, 2019 February 28, 2018 February 28, 2019 February 28, 2018 Forward foreign exchange contracts (1) Cost of revenue $ 49,794 $ 48,933 $ 42,808 $ 45,744 (1) For the three months and six months ended February 28, 2019 , the Company recognized $57.1 million and $52.6 million , respectively, of foreign currency losses in cost of revenue, which are offset by the gains from the forward foreign exchange contracts. During the three months and six months ended February 28, 2018 , the Company recognized $41.7 million and $35.5 million , respectively, of foreign currency losses in cost of revenue, which are offset by the gains from the forward foreign exchange contracts.

Restructuring and Related Cha_2

Restructuring and Related Charges (Tables)	6 Months Ended
	Feb. 28, 2019
Restructuring and Related Activities [Abstract]
Restructuring and related costs	Following is a summary of the Company’s restructuring and related charges (in thousands): Three months ended Six months ended February 28, 2019 February 28, 2018 February 28, 2019 February 28, 2018 Employee severance and benefit costs $ 3,768 $ 2,012 $ 8,947 $ 5,989 Lease costs — 7 9 7 Asset write-off costs (3,396 ) 2,451 (3,212 ) 9,263 Other related costs 445 957 1,098 1,556 Total restructuring and related charges (1) $ 817 $ 5,427 $ 6,842 $ 16,815 (1) Includes $0.3 million and $2.1 million recorded in the EMS segment and $0.5 million and $3.3 million recorded in the DMS segment for the three months ended February 28, 2019 and 2018 , respectively. Includes $4.7 million and $8.0 million recorded in the EMS segment, $2.1 million and $7.9 million recorded to the DMS segment and $0.0 million and $0.9 million of non-allocated charges for the six months ended February 28, 2019 and 2018 , respectively. Except for asset write-off costs, all restructuring and related charges are cash costs.
Liability activity, primarily associated with 2017 restructuring plan	The table below summarizes the Company’s liability activity, primarily associated with the 2017 Restructuring Plan (in thousands): Employee Severance and Benefit Costs Lease Costs Asset Write-off Costs Other Related Costs Total Balance as of August 31, 2018 $ 18,131 $ 2,684 $ — $ 522 $ 21,337 Restructuring related charges 8,947 9 (3,212 ) 1,098 6,842 Asset write-off charge and other non-cash activity (240 ) — 3,212 (7 ) 2,965 Cash payments (17,804 ) (303 ) — (1,160 ) (19,267 ) Balance as of February 28, 2019 $ 9,034 $ 2,390 $ — $ 453 $ 11,877

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Feb. 28, 2019
Revenue from Contract with Customer [Abstract]
Effect of adoption of new revenue guidance	The following table presents the effect of the adoption of the new revenue guidance on the Condensed Consolidated Balance Sheets as of February 28, 2019 (in thousands): February 28, 2019 As reported Balance without the adoption of ASU 2014-09 Assets Contract assets (1) $ 832,889 $ — Inventories, net (1) $ 3,248,273 $ 3,943,077 Prepaid expenses and other current assets (1)(2) $ 532,223 $ 537,801 Deferred income taxes (1)(2) $ 194,015 $ 198,444 Liabilities Contract liabilities (2)(3) $ 583,300 $ — Deferred income (2)(3)(4) $ — $ 571,149 Other accrued expenses (3)(4) $ 1,620,683 $ 1,616,750 Deferred income taxes (1) $ 117,547 $ 113,426 Equity Retained earnings (1)(2) $ 1,966,100 $ 1,858,227 (1) Differences primarily relate to the timing of revenue recognition for over time customers and certain balance sheet reclassifications. (2) Differences primarily relate to the timing of recognition and recovery of fulfillment costs and certain balance sheet reclassifications. (3) Included within accrued expenses on the Condensed Consolidated Balance Sheets. (4) Differences included in contract liabilities as of September 1, 2018. The following table presents the effect of the adoption of the new revenue guidance on the Consolidated Statement of Operations for the three months and six months ended February 28, 2019 (in thousands): Three months ended Six months ended February 28, 2019 February 28, 2019 As reported Balance without the adoption of ASU 2014-09 As reported Balance without the adoption of ASU 2014-09 Net revenue (1) $ 6,066,990 $ 5,985,439 $ 12,573,265 $ 12,229,174 Cost of revenue (2) $ 5,612,116 $ 5,556,714 $ 11,598,741 $ 11,317,170 Operating income $ 153,983 $ 127,835 $ 370,693 $ 308,174 Income tax expense $ 33,219 $ 36,867 $ 74,032 $ 76,783 Net income $ 67,607 $ 37,811 $ 191,681 $ 126,411 (1) Differences primarily relate to the timing of revenue recognition for over-time customers and to the recovery of fulfillment costs. (2) Differences primarily relate to the timing of cost recognition for over-time customers and the recognition of fulfillment costs. Following is a summary of the cumulative effect adjustment (in thousands): Balance as of August 31, 2018 Adjustments due to adoption of ASU 2014-09 Balance as of September 1, 2018 Assets Contract assets (1) $ — $ 591,616 $ 591,616 Inventories, net (1) $ 3,457,706 $ (461,271 ) $ 2,996,435 Prepaid expenses and other current assets (1)(2) $ 1,141,000 $ (37,271 ) $ 1,103,729 Deferred income taxes (1)(2) $ 218,252 $ (8,325 ) $ 209,927 Liabilities Contract liabilities (2)(3) $ — $ 690,142 $ 690,142 Deferred income (2)(3)(4) $ 691,365 $ (691,365 ) $ — Other accrued expenses (3)(4) $ 1,000,979 $ 40,392 $ 1,041,371 Deferred income taxes (1) $ 114,385 $ 2,977 $ 117,362 Equity Retained earnings (1)(2) $ 1,760,097 $ 42,602 $ 1,802,699 (1) Differences primarily relate to the timing of revenue recognition for over time customers and certain balance sheet reclassifications. (2) Differences primarily relate to the timing of recognition and recovery of fulfillment costs and certain balance sheet reclassifications. (3) Included within accrued expenses on the Condensed Consolidated Balance Sheets. (4) Differences included in contract liabilities as of September 1, 2018.
Revenues disaggregated by segment	The following table presents the Company’s revenues disaggregated by segment (in thousands): Three months ended Six months ended February 28, 2019 February 28, 2019 EMS DMS Total EMS DMS Total Timing of transfer Point in time $ 836,863 $ 1,464,832 $ 2,301,695 $ 1,257,524 $ 3,566,483 $ 4,824,007 Over time $ 2,967,864 $ 797,431 $ 3,765,295 $ 6,050,306 $ 1,698,952 $ 7,749,258 Total $ 3,804,727 $ 2,262,263 $ 6,066,990 $ 7,307,830 $ 5,265,435 $ 12,573,265

Earnings Per Share and Divide_3

Earnings Per Share and Dividends - Earnings Per Share (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Feb. 28, 2019	Feb. 28, 2018	Feb. 28, 2019	Feb. 28, 2018
Restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Common shares excluded from computation of diluted earnings per share	1,348	2,476	1,348	2,354

Earnings Per Share and Divide_4

Earnings Per Share and Dividends - Dividends (Details) - USD ($) $ / shares in Units, $ in Thousands	Feb. 28, 2019	Feb. 28, 2018
Quarter One
Dividends Payable [Line Items]
Dividend per Share (in dollars per share)	$ 0.08	$ 0.08
Total of Cash Dividends Declared	$ 13,226	$ 14,588
Quarter Two [Member]
Dividends Payable [Line Items]
Dividend per Share (in dollars per share)	$ 0.08	$ 0.08
Total of Cash Dividends Declared	$ 12,706	$ 14,272

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Feb. 28, 2019	Sep. 01, 2018	Aug. 31, 2018
Inventory Disclosure [Abstract]
Raw materials	$ 2,424,324		$ 2,070,569
Work in process	467,496		788,742
Finished goods	422,910		659,335
Reserve for excess and obsolete inventory	(66,457)		(60,940)
Inventories, net	$ 3,248,273	$ 2,996,435	$ 3,457,706

Accrued Expenses (Details)

Accrued Expenses (Details) - USD ($) $ in Thousands	Feb. 28, 2019	Sep. 01, 2018	Aug. 31, 2018
Accrued Liabilities, Current [Abstract]
Contract liabilities	$ 583,300
Deferred income	0	$ 0	$ 691,365
Accrued compensation and employee benefits	472,621		570,400
Other accrued expenses	1,620,683	$ 1,041,371	1,000,979
Accrued expenses	$ 2,676,604		$ 2,262,744

Stock-Based Compensation and _2

Stock-Based Compensation and Shares Repurchases - Recognized Stock-Based Compensation Expense within Selling, General and Administrative Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 28, 2019	Feb. 28, 2018	Feb. 28, 2019	Feb. 28, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Restricted stock units and stock appreciation rights	$ 13,604	$ 12,952	$ 28,655	$ 56,459
Employee stock purchase plan	2,093	2,087	4,291	3,787
Other	0	0	0	7,538
Total	$ 15,697	$ 15,039	$ 32,946	$ 67,784

Stock-Based Compensation and _3

Stock-Based Compensation and Shares Repurchases - Narrative (Details) - USD ($)	6 Months Ended
	Feb. 28, 2019	Feb. 28, 2018	Jun. 30, 2018
2018 Share Repurchase Program
Schedule of Weighted Average Assumptions for Fair Values of Stock Options[Line Items]
Share repurchase program, amount authorized (up to)			$ 350,000,000
Shares repurchased	13,900,000
Shares repurchased, value	$ 350,000,000
Time-based restricted stock units
Schedule of Weighted Average Assumptions for Fair Values of Stock Options[Line Items]
Award vesting period	3 years
Restricted stock units awarded (in shares)	1,600,000	1,400,000
Performance-based restricted stock units
Schedule of Weighted Average Assumptions for Fair Values of Stock Options[Line Items]
Award vesting period	3 years
Restricted stock units awarded (in shares)	400,000	400,000
Performance-based restricted stock units | Maximum
Schedule of Weighted Average Assumptions for Fair Values of Stock Options[Line Items]
Award vesting percentage	150.00%
Market based restricted stock units
Schedule of Weighted Average Assumptions for Fair Values of Stock Options[Line Items]
Award vesting period	3 years
Award vesting percentage	200.00%
Restricted stock units awarded (in shares)	400,000	400,000
Plan 2011
Schedule of Weighted Average Assumptions for Fair Values of Stock Options[Line Items]
Shares available for issuance under share based compensation plan	11,933,647

Stock-Based Compensation and _4

Stock-Based Compensation and Shares Repurchases - Stock-Based Compensation Information (Details) $ in Thousands	6 Months Ended
	Feb. 28, 2019USD ($)
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Unrecognized stock-based compensation expense—restricted stock units	$ 66,046
Remaining weighted-average period for restricted stock units expense	1 year 6 months

Stock-Based Compensation and _5

Stock-Based Compensation and Shares Repurchases - Common Stock Shares Outstanding (Details) - shares	3 Months Ended		6 Months Ended
	Feb. 28, 2019	Feb. 28, 2018	Feb. 28, 2019	Feb. 28, 2018
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance (in shares)			164,588,172
Ending Balance (in shares)	152,878,329		152,878,329
Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance (in shares)	157,986,896	176,305,660	164,588,172	177,727,653
Shares issued upon exercise of stock options (in shares)	11,348	154	11,348	29,688
Shares issued under employee stock purchase plan (in shares)	691,971	575,516	692,325	575,516
Vesting of restricted stock (in shares)	219,764	220,022	1,905,927	2,694,147
Purchases of treasury stock under employee stock plans (in shares)	(57,389)	(59,708)	(464,836)	(784,031)
Treasury shares purchased (in shares)	(5,974,261)	(4,978,414)	(13,854,607)	(8,179,743)
Ending Balance (in shares)	152,878,329	172,063,230	152,878,329	172,063,230

Concentration of Risk and Seg_3

Concentration of Risk and Segment Data - Narrative (Details)	3 Months Ended		6 Months Ended
	Feb. 28, 2019Country	Feb. 28, 2018	Feb. 28, 2019CustomerCountry	Feb. 28, 2018
Revenue, Major Customer [Line Items]
Number of operating countries | Country	29		29
Net Revenue | Geographic Concentration Risk | Foreign
Revenue, Major Customer [Line Items]
Concentration risk, percentage	88.20%	91.90%	90.60%	92.10%
Five Largest Customers That Account for a Percentage of Net Revenue | Net Revenue | Customer Concentration Risk
Revenue, Major Customer [Line Items]
Top customers that comprise revenue			5
Concentration risk, percentage			46.00%
Group of Customers That Account for 90% of Net Revenue | Net Revenue | Customer Concentration Risk
Revenue, Major Customer [Line Items]
Top customers that comprise revenue			78
Concentration risk, percentage			90.00%

Concentration of Risk and Seg_4

Concentration of Risk and Segment Data - Segment Revenue and Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 28, 2019	Feb. 28, 2018	Feb. 28, 2019	Feb. 28, 2018
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net revenue	$ 6,066,990	$ 5,301,101	$ 12,573,265	$ 10,886,633
Reconciling items:
Amortization of intangibles	(7,777)	(9,890)	(15,423)	(19,869)
Stock-based compensation expense and related charges	(15,697)	(15,039)	(32,946)	(67,784)
Restructuring and related charges	(817)	(5,427)	(6,842)	(16,815)
Other expense	(11,757)	(10,485)	(25,307)	(16,367)
Interest income	4,760	5,011	9,139	8,824
Interest expense	(46,160)	(37,796)	(88,812)	(74,042)
Income before income tax	100,826	86,262	265,713	193,701
Cayey, Puerto Rico
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Insurance recoveries		6,100	2,900	16,400
EMS
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net revenue	3,804,727		7,307,830
Reconciling items:
Restructuring and related charges	(300)	(2,100)	(4,700)	(8,000)
DMS
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net revenue	2,262,263		5,265,435
Reconciling items:
Restructuring and related charges	(500)	(3,300)	(2,100)	(7,900)
Operating Segments
Reconciling items:
Income before income tax	191,059	178,596	444,719	405,816
Operating Segments | EMS
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net revenue	3,804,727	2,870,488	7,307,830	5,732,548
Reconciling items:
Income before income tax	88,654	95,283	172,749	180,993
Operating Segments | DMS
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net revenue	2,262,263	2,430,613	5,265,435	5,154,085
Reconciling items:
Income before income tax	102,405	83,313	271,970	224,823
Segment Reconciling Items
Reconciling items:
Distressed Customer Charges	0	14,706	0	14,706
Stock-based compensation expense and related charges	(15,697)	(15,039)	(32,946)	(67,784)
Acquisition and integration charges	(12,785)	0	(21,675)	0
Business interruption and impairment charges, net(1)	$ 0	$ (4,002)	$ 2,860	$ (11,356)

Notes Payable and Long-Term D_3

Notes Payable and Long-Term Debt - Amounts Outstanding (Details) - USD ($) $ in Thousands	Feb. 28, 2019	Aug. 31, 2018
Debt Instrument [Line Items]
Long-term debt	$ 2,657,573	$ 2,518,699
Less current installments of notes payable and long-term debt	175,186	25,197
Notes payable and long-term debt, less current installments	$ 2,482,387	2,493,502
Senior Notes | 5.625% Senior Notes
Debt Instrument [Line Items]
Senior Notes, stated interest rate	5.625%
Long-term debt	$ 398,441	397,995
Senior Notes | 4.700% Senior Notes
Debt Instrument [Line Items]
Senior Notes, stated interest rate	4.70%
Long-term debt	$ 497,678	497,350
Senior Notes | 4.900% Senior Notes
Debt Instrument [Line Items]
Senior Notes, stated interest rate	4.90%
Long-term debt	$ 298,935	298,814
Senior Notes | 3.950% Senior Notes
Debt Instrument [Line Items]
Senior Notes, stated interest rate	3.95%
Long-term debt	$ 494,516	494,208
Revolving Credit Facility | Line of Credit | Revolving Credit Facility
Debt Instrument [Line Items]
Long-term debt	150,000	0
Unused borrowing capacity	2,200,000
Term Loan Facility | Line of Credit | Term Loan Facility
Debt Instrument [Line Items]
Long-term debt	$ 818,003	$ 830,332

Notes Payable and Long-Term D_4

Notes Payable and Long-Term Debt - Narrative (Details) - Senior Notes $ in Millions	Feb. 28, 2019USD ($)
4.900% Senior Notes
Debt Instrument [Line Items]
Senior Notes, stated interest rate	4.90%
Estimated fair value of senior notes	$ 304.6
5.625% Senior Notes
Debt Instrument [Line Items]
Senior Notes, stated interest rate	5.625%
Estimated fair value of senior notes	$ 410.5
4.700% Senior Notes
Debt Instrument [Line Items]
Senior Notes, stated interest rate	4.70%
Estimated fair value of senior notes	$ 508
3.950% Senior Notes
Debt Instrument [Line Items]
Senior Notes, stated interest rate	3.95%
Estimated fair value of senior notes	$ 463.3

Trade Accounts Receivable Sec_3

Trade Accounts Receivable Securitization and Sale Programs - Narrative (Details) - USD ($)	Oct. 01, 2018	Feb. 28, 2018	Feb. 28, 2019	Feb. 28, 2018	Oct. 09, 2018
Transfers and Servicing [Abstract]
Beneficial interest obtained in exchange for securitized receivables		$ 366,300,000	$ 162,200,000	$ 1,100,000,000
North America
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Receivables pledged as collateral			197,000,000
Asset-backed Securities | Foreign
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Total accounts receivable sold, outstanding	$ 734,200,000
Deferred purchase price receivables	335,500,000
Cash due upon the settlement of securitization transactions	398,700,000
Cash paid upon settlement of securitization transactions	25,200,000
Trade accounts receivable sold	$ 373,500,000
Guarantee liability			$ 0
Asset-backed Securities | North America
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Total accounts receivable sold, outstanding					$ 500,000,000
Deferred purchase price receivables					300,000,000
Cash due upon the settlement of securitization transactions					$ 200,000,000

Trade Accounts Receivable Sec_4

Trade Accounts Receivable Securitization and Sale Programs - Asset-Backed Securitization Programs and Key Terms (Details) $ in Millions	Feb. 28, 2019USD ($)
North American
Trade Accounts Receivable Securitization and Sale Program [Line Items]
Maximum Amount of Net Cash Proceeds	$ 390
Foreign
Trade Accounts Receivable Securitization and Sale Program [Line Items]
Maximum Amount of Net Cash Proceeds	$ 400

Trade Accounts Receivable Sec_5

Trade Accounts Receivable Securitization and Sale Programs - Asset-Backed Securitization Programs Amounts Recognized (Details) - Asset-Backed Securitization Programs - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Feb. 28, 2019	Nov. 26, 2018	Feb. 28, 2018	Feb. 28, 2019	Feb. 28, 2018	Nov. 30, 2018
Trade Accounts Receivable Securitization and Sale Program [Line Items]
Trade accounts receivable sold	$ 1,078	$ 650.3	$ 2,057	$ 1,828	$ 4,449
Cash proceeds received	1,072	$ 488.1	1,507	1,816	3,895
Pre-tax losses on sale of receivables	6		3	12	7
Deferred purchase price receivables	$ 0		$ 547	$ 0	$ 547
Net cash received in securitization transactions						$ 13.9

Trade Accounts Receivable Sec_6

Trade Accounts Receivable Securitization and Sale Programs - Trade Accounts Receivable Sale Programs Key Terms (Details)	3 Months Ended	6 Months Ended
	Feb. 28, 2018USD ($)	Feb. 28, 2019USD ($)	Feb. 28, 2018USD ($)	Feb. 28, 2019CNY (¥)	Feb. 28, 2019USD ($)
Trade Accounts Receivable Securitization and Sale Program [Line Items]
Beneficial interest obtained in exchange for securitized receivables	$ 366,300,000	$ 162,200,000	$ 1,100,000,000
A
Trade Accounts Receivable Securitization and Sale Program [Line Items]
Maximum Amount of Net Cash Proceeds					$ 800,000,000
Notice period to cancel receivable sale agreements		15 days
B
Trade Accounts Receivable Securitization and Sale Program [Line Items]
Maximum Amount of Net Cash Proceeds					150,000,000
Notice period to cancel receivable sale agreements		10 days
C
Trade Accounts Receivable Securitization and Sale Program [Line Items]
Maximum Amount of Net Cash Proceeds | ¥				¥ 800,000,000
D
Trade Accounts Receivable Securitization and Sale Program [Line Items]
Maximum Amount of Net Cash Proceeds					100,000,000
Notice period to cancel receivable sale agreements		30 days
E
Trade Accounts Receivable Securitization and Sale Program [Line Items]
Maximum Amount of Net Cash Proceeds					50,000,000
F
Trade Accounts Receivable Securitization and Sale Program [Line Items]
Maximum Amount of Net Cash Proceeds					150,000,000
Threshold period to cancel trade accounts receivable sale agreement before automatic extension		30 days
G
Trade Accounts Receivable Securitization and Sale Program [Line Items]
Maximum Amount of Net Cash Proceeds					50,000,000
Notice period to cancel receivable sale agreements		15 days
H
Trade Accounts Receivable Securitization and Sale Program [Line Items]
Maximum Amount of Net Cash Proceeds					100,000,000
Threshold period to cancel trade accounts receivable sale agreement before automatic extension		30 days
I
Trade Accounts Receivable Securitization and Sale Program [Line Items]
Maximum Amount of Net Cash Proceeds					100,000,000
Threshold period to cancel trade accounts receivable sale agreement before automatic extension		30 days
J
Trade Accounts Receivable Securitization and Sale Program [Line Items]
Maximum Amount of Net Cash Proceeds					$ 150,000,000
Threshold period to cancel trade accounts receivable sale agreement before automatic extension		30 days

Trade Accounts Receivable Sec_7

Trade Accounts Receivable Securitization and Sale Programs - Trade Accounts Receivable Sale Programs Amounts Recognized (Details) - Trade Accounts Receivable Sale Programs - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Feb. 28, 2019	Feb. 28, 2018	Feb. 28, 2019	Feb. 28, 2018
Trade Accounts Receivable Securitization and Sale Program [Line Items]
Trade accounts receivable sold	$ 1,719	$ 1,640	$ 3,553	$ 2,734
Cash proceeds received	1,712	1,636	3,538	2,728
Pre-tax losses on sale of receivables	$ 7	$ 4	$ 15	$ 6

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income - Change in AOCI, Net of Tax (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 28, 2019	Feb. 28, 2018	Feb. 28, 2019	Feb. 28, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	$ 1,905,513	$ 2,344,692	$ 1,963,380	$ 2,368,344
Other comprehensive (loss) income before reclassifications			(11,540)
Amounts reclassified from AOCI			17,686
Total other comprehensive income	18,695	35,124	6,146	31,988
Ending Balance	1,858,852	2,294,346	1,858,852	2,294,346
Foreign Currency Translation Adjustment
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance			7,431
Other comprehensive (loss) income before reclassifications			12,912
Amounts reclassified from AOCI			0
Total other comprehensive income			12,912
Ending Balance	20,343		20,343
Derivative Instruments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance			8,116
Other comprehensive (loss) income before reclassifications			(16,083)
Amounts reclassified from AOCI			17,686
Total other comprehensive income			1,603
Ending Balance	9,719		9,719
Actuarial (Loss) Gain
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance			(25,021)
Other comprehensive (loss) income before reclassifications			103
Amounts reclassified from AOCI			0
Total other comprehensive income			103
Ending Balance	(24,918)		(24,918)
Prior Service Cost
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance			(643)
Other comprehensive (loss) income before reclassifications			0
Amounts reclassified from AOCI			0
Total other comprehensive income			0
Ending Balance	(643)		(643)
Available for Sale Securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance			(9,282)
Other comprehensive (loss) income before reclassifications			(8,472)
Amounts reclassified from AOCI			0
Total other comprehensive income			(8,472)
Ending Balance	(17,754)		(17,754)
AOCI Attributable to Parent
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(31,948)	51,484	(19,399)	54,620
Ending Balance	$ (13,253)	$ 86,608	$ (13,253)	$ 86,608

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income - Reclassification from AOCI (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Feb. 28, 2019	Feb. 28, 2018	Feb. 28, 2019	Feb. 28, 2018	Feb. 29, 2020
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of revenue	$ 5,612,116	$ 4,903,968	$ 11,598,741	$ 10,020,215
Interest expense	(46,160)	(37,796)	(88,812)	(74,042)
Total amounts	100,826	86,262	265,713	193,701
Income tax expense	33,219	48,734	74,032	92,254
Reclassification out of AOCI | Unrealized (gains) losses on derivative instruments:
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Total amounts	3,501	(9,893)	17,686	(15,084)
Income tax expense		3,500		7,000
Reclassification out of AOCI | Unrealized (gains) losses on derivative instruments: | Scenario, Forecast
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of revenue					$ 5,900
Reclassification out of AOCI | Unrealized (gains) losses on derivative instruments: | Foreign exchange contracts
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of revenue	3,931	(7,381)	18,546	(10,060)
Reclassification out of AOCI | Unrealized (gains) losses on derivative instruments: | Interest rate contracts
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Interest expense	$ (430)	$ (2,512)	$ (860)	$ (5,024)

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions	Feb. 28, 2019USD ($)
Fiscal Years 2009 Through 2011
Loss Contingencies Line Items
Potential additional income tax payment due	$ 28.6
Fiscal Years 2012 through 2014
Loss Contingencies Line Items
Potential additional income tax payment due	$ 5.3

Derivative Financial Instrume_3

Derivative Financial Instruments and Hedging Activities - Narrative (Details) - USD ($)	3 Months Ended
	Feb. 28, 2018	Feb. 28, 2019	Nov. 30, 2018	Aug. 31, 2018	Aug. 31, 2016
Interest rate swaps | Cash flow hedging
Derivative [Line Items]
Aggregate notional amount			$ 200,000,000		$ 350,000,000
Forward contracts
Derivative [Line Items]
Aggregate notional amount		$ 3,900,000,000		$ 3,400,000,000
Forward contracts | Forward foreign exchange contracts | Cash flow hedging
Derivative [Line Items]
Aggregate notional amount		$ 251,700,000		293,400,000
Term Loan Facility | Cash flow hedging
Derivative [Line Items]
Aggregate notional amount					200,000,000
Anticipated debt issuance | Cash flow hedging
Derivative [Line Items]
Aggregate notional amount					$ 200,000,000
Fair value of cash received for settlement of swaps	$ 17,200,000
Senior Notes | 3.950% Senior Notes
Derivative [Line Items]
Senior Notes, stated interest rate		3.95%
Term Loan Facility | Line of Credit | 2017 Term Loan Facility
Derivative [Line Items]
Maximum borrowing capacity			$ 500,000,000
Term Loan Facility | Line of Credit | 2018 Term Loan Facility
Derivative [Line Items]
Maximum borrowing capacity				$ 350,000,000

Derivative Financial Instrume_4

Derivative Financial Instruments and Hedging Activities - Fair Value of Derivative Instruments Located on Consolidated Balance Sheets (Details) - Forward foreign exchange contracts - USD ($) $ in Thousands	Feb. 28, 2019	Aug. 31, 2018
Designated as Hedging Instruments | Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Forward foreign exchange contracts, Asset Derivatives	$ 6,560	$ 225
Designated as Hedging Instruments | Accrued expenses
Derivatives, Fair Value [Line Items]
Forward foreign exchange contracts, Liability Derivatives	1,104	13,364
Derivatives Not Designated as Hedging Instruments Under ASC 815 | Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Forward foreign exchange contracts, Asset Derivatives	24,422	10,125
Derivatives Not Designated as Hedging Instruments Under ASC 815 | Accrued expenses
Derivatives, Fair Value [Line Items]
Forward foreign exchange contracts, Liability Derivatives	$ 3,602	$ 46,171

Derivative Financial Instrume_5

Derivative Financial Instruments and Hedging Activities - Fair Value of Derivative Instruments Recorded on Consolidated Statements of Operations (Details) - Cost of revenue - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 28, 2019	Feb. 28, 2018	Feb. 28, 2019	Feb. 28, 2018
Derivative Instruments, Gain (Loss) [Line Items]
Foreign currency losses	$ 57,100	$ 41,700	$ 52,600	$ 35,500
Forward foreign exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain Recognized in Net Income on Derivatives	$ 49,794	$ 48,933	$ 42,808	$ 45,744

Restructuring and Related Cha_3

Restructuring and Related Charges - Restructuring and Related Costs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 28, 2019	Feb. 28, 2018	Feb. 28, 2019	Feb. 28, 2018
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	$ 817	$ 5,427	$ 6,842	$ 16,815
Employee severance and benefit costs
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	3,768	2,012	8,947	5,989
Lease costs
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	0	7	9	7
Asset write-off costs
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	(3,396)	2,451	(3,212)	9,263
Other related costs
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	445	957	1,098	1,556
EMS
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	300	2,100	4,700	8,000
DMS
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	$ 500	$ 3,300	2,100	7,900
Corporate and Other [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges			$ 0	$ 900

Restructuring and Related Cha_4

Restructuring and Related Charges - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 28, 2019	Feb. 28, 2018	Feb. 28, 2019	Feb. 28, 2018
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	$ 817	$ 5,427	$ 6,842	$ 16,815
2017 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Total pre-tax restructuring and other related costs expected to be recognized	195,000		195,000
Restructuring related charges to date	187,100		187,100
EMS
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	300	2,100	4,700	8,000
DMS
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	$ 500	$ 3,300	2,100	7,900
Corporate and Other [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges			$ 0	$ 900

Restructuring and Related Cha_5

Restructuring and Related Charges - Liability Activity, Primarily Associated with 2017 Restructuring Plan (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 28, 2019	Feb. 28, 2018	Feb. 28, 2019	Feb. 28, 2018
Restructuring Reserve [Roll Forward]
Liability, Beginning Balance			$ 21,337
Restructuring and related charges	$ 817	$ 5,427	6,842	$ 16,815
Asset write-off charge and other non-cash activity			2,965
Cash payments			(19,267)
Liability, Ending Balance	11,877		11,877
Employee severance and benefit costs
Restructuring Reserve [Roll Forward]
Liability, Beginning Balance			18,131
Restructuring and related charges	3,768	2,012	8,947	5,989
Asset write-off charge and other non-cash activity			(240)
Cash payments			(17,804)
Liability, Ending Balance	9,034		9,034
Lease costs
Restructuring Reserve [Roll Forward]
Liability, Beginning Balance			2,684
Restructuring and related charges	0	7	9	7
Asset write-off charge and other non-cash activity			0
Cash payments			(303)
Liability, Ending Balance	2,390		2,390
Asset write-off costs
Restructuring Reserve [Roll Forward]
Liability, Beginning Balance			0
Restructuring and related charges	(3,396)	$ 2,451	(3,212)	$ 9,263
Asset write-off charge and other non-cash activity			3,212
Cash payments			0
Liability, Ending Balance	0		0
Other Related Costs
Restructuring Reserve [Roll Forward]
Liability, Beginning Balance			522
Restructuring and related charges			1,098
Asset write-off charge and other non-cash activity			(7)
Cash payments			(1,160)
Liability, Ending Balance	$ 453		$ 453

Business Acquisitions - Fiscal

Business Acquisitions - Fiscal 2019 (Details) - JJMD $ in Millions	Feb. 25, 2019USD ($)
Business Acquisition [Line Items]
Amount of cash paid for business acquisitions	$ 80.8
Assets acquired	97.8
Liabilities assumed	$ 17

Business Acquisitions - Fisca_2

Business Acquisitions - Fiscal 2018 (Details) - True-Tech $ in Millions	Sep. 01, 2017USD ($)
Business Acquisition [Line Items]
Amount of cash paid for business acquisitions	$ 95.9
Assets acquired	114.7
Intangible assets acquired	25.9
Goodwill	22.6
Liabilities assumed	$ 18.8

New Accounting Guidance (Detail

New Accounting Guidance (Details) - USD ($) $ in Thousands	6 Months Ended
	Feb. 28, 2019	Feb. 28, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net cash provided by investing activities	$ (389,608)	$ 755,881
Net cash used in operating activities	(107,765)	863,999
Accounting Standards Update 2016-15 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net cash provided by investing activities	96,800	1,200,000
Net cash used in operating activities	$ 96,800	$ 1,200,000

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Feb. 28, 2019	Feb. 28, 2018	Feb. 28, 2019	Feb. 28, 2018	Aug. 31, 2018
Income Tax Disclosure [Abstract]
Tax Cuts and Jobs Act, provisional income tax expense (benefit)			$ (13.3)		$ 142.3
Tax Cuts and Jobs Act, net provisional income tax expense					65.9
Tax Cuts and Jobs Act, re-measurement of U.S. deferred tax					(10.5)
Tax Cuts and Jobs Act, foreign tax impact of change in indefinite reinvestment assertion					$ 85
U.S. federal statutory rate			21.00%	25.70%
Effective tax rate	33.00%	56.50%	27.90%	47.60%
Tax Cuts and Jobs Act, provisional income tax expense				$ 30.9
Reduction in unrecognized tax benefits for the period				$ 16.1

Revenue - Narrative (Details)

Revenue - Narrative (Details) $ in Millions	Sep. 01, 2018USD ($)
ASU 2014-09
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Cumulative effect adjustment for adoption of new accounting standards	$ 42.6

Revenue - Summary of Cumulative

Revenue - Summary of Cumulative Effect Adjustment (Details) - USD ($) $ in Thousands	Feb. 28, 2019	Sep. 01, 2018	Aug. 31, 2018
Assets
Contract assets	$ 832,889	$ 591,616	$ 0
Inventories, net	3,248,273	2,996,435	3,457,706
Prepaid expenses and other current assets	532,223	1,103,729	1,141,000
Deferred income taxes	194,015	209,927	218,252
Liabilities
Contract liabilities	583,300	690,142
Deferred income	0	0	691,365
Other accrued expenses	1,620,683	1,041,371	1,000,979
Deferred income taxes	117,547	117,362	114,385
Equity
Retained earnings	1,966,100	1,802,699	1,760,097
Balance without the adoption of ASU 2014-09
Assets
Contract assets	0		0
Inventories, net	3,943,077		3,457,706
Prepaid expenses and other current assets	537,801		1,141,000
Deferred income taxes	198,444		218,252
Liabilities
Contract liabilities	0		0
Deferred income	571,149		691,365
Other accrued expenses	1,616,750		1,000,979
Deferred income taxes	113,426		114,385
Equity
Retained earnings	$ 1,858,227		$ 1,760,097
Adjustments due to adoption of ASU 2014-09 | ASU 2014-09
Assets
Contract assets		591,616
Inventories, net		(461,271)
Prepaid expenses and other current assets		(37,271)
Deferred income taxes		(8,325)
Liabilities
Contract liabilities		690,142
Deferred income		(691,365)
Other accrued expenses		40,392
Deferred income taxes		2,977
Equity
Retained earnings		$ 42,602

Revenue - Effect of New Revenue

Revenue - Effect of New Revenue Guidance, Impact on Income Statement (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 28, 2019	Feb. 28, 2018	Feb. 28, 2019	Feb. 28, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net revenue	$ 6,066,990	$ 5,301,101	$ 12,573,265	$ 10,886,633
Cost of revenue	5,612,116	4,903,968	11,598,741	10,020,215
Operating income	153,983	129,532	370,693	275,286
Income tax expense	33,219	48,734	74,032	92,254
Net income	67,607	$ 37,528	191,681	$ 101,447
Balance without the adoption of ASU 2014-09
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net revenue	5,985,439		12,229,174
Cost of revenue	5,556,714		11,317,170
Operating income	127,835		308,174
Income tax expense	36,867		76,783
Net income	$ 37,811		$ 126,411

Revenue - Effect of New Reven_2

Revenue - Effect of New Revenue Guidance, Impact on Balance Sheet (Details) - USD ($) $ in Thousands	Feb. 28, 2019	Sep. 01, 2018	Aug. 31, 2018
ASSETS
Contract assets	$ 832,889	$ 591,616	$ 0
Inventories, net	3,248,273	2,996,435	3,457,706
Prepaid expenses and other current assets	532,223	1,103,729	1,141,000
Deferred income taxes	194,015	209,927	218,252
Liabilities
Contract liabilities	583,300	690,142
Deferred income	0	0	691,365
Other accrued expenses	1,620,683	1,041,371	1,000,979
Deferred income taxes	117,547	117,362	114,385
Equity
Retained earnings	1,966,100	$ 1,802,699	1,760,097
Balance without the adoption of ASU 2014-09
ASSETS
Contract assets	0		0
Inventories, net	3,943,077		3,457,706
Prepaid expenses and other current assets	537,801		1,141,000
Deferred income taxes	198,444		218,252
Liabilities
Contract liabilities	0		0
Deferred income	571,149		691,365
Other accrued expenses	1,616,750		1,000,979
Deferred income taxes	113,426		114,385
Equity
Retained earnings	$ 1,858,227		$ 1,760,097

Revenue - Revenues Disaggregate

Revenue - Revenues Disaggregated by Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 28, 2019	Feb. 28, 2018	Feb. 28, 2019	Feb. 28, 2018
Disaggregation of Revenue [Line Items]
Net revenue	$ 6,066,990	$ 5,301,101	$ 12,573,265	$ 10,886,633
Point in time
Disaggregation of Revenue [Line Items]
Net revenue	2,301,695		4,824,007
Over time
Disaggregation of Revenue [Line Items]
Net revenue	3,765,295		7,749,258
EMS
Disaggregation of Revenue [Line Items]
Net revenue	3,804,727		7,307,830
EMS | Point in time
Disaggregation of Revenue [Line Items]
Net revenue	836,863		1,257,524
EMS | Over time
Disaggregation of Revenue [Line Items]
Net revenue	2,967,864		6,050,306
DMS
Disaggregation of Revenue [Line Items]
Net revenue	2,262,263		5,265,435
DMS | Point in time
Disaggregation of Revenue [Line Items]
Net revenue	1,464,832		3,566,483
DMS | Over time
Disaggregation of Revenue [Line Items]
Net revenue	$ 797,431		$ 1,698,952

Revenue - Contract Balances (De

Revenue - Contract Balances (Details)	6 Months Ended
	Feb. 28, 2019USD ($)
Revenue from Contract with Customer [Abstract]
Impairment costs on contract assets	$ 0
Revenue recognized during period that was included in contract liability balance	$ 267,000,000

Revenue - Fulfillment Costs (De

Revenue - Fulfillment Costs (Details)	6 Months Ended
	Feb. 28, 2019USD ($)
Capitalized Contract Cost [Line Items]
Capitalized costs	$ 51,100,000
Amortization	19,900,000
Impairment costs	$ 0
Minimum
Capitalized Contract Cost [Line Items]
Capitalized cost, amortization period	1 year
Maximum
Capitalized Contract Cost [Line Items]
Capitalized cost, amortization period	3 years