Jabil (JBL) 10-Q 2 Jul 21 2021 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	May 31, 2021	Jun. 24, 2021
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	May 31, 2021
Document Transition Report	false
Entity File Number	001-14063
Entity Registrant Name	JABIL INC
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	38-1886260
Entity Address, Address Line One	10560 Dr. Martin Luther King, Jr. Street North
Entity Address, City or Town	St. Petersburg
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33716
City Area Code	727
Local Phone Number	577-9749
Title of 12(b) Security	Common Stock, $0.001 par value per share
Trading Symbol	JBL
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		145,829,630
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3
Entity Central Index Key	0000898293
Current Fiscal Year End Date	--08-31

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	May 31, 2021	Aug. 31, 2020
Current assets:
Cash and cash equivalents	$ 1,240,729	$ 1,393,557
Accounts receivable, net of allowance for doubtful accounts of $26,939 as of May 31, 2021 and $25,827 as of August 31, 2020	3,227,627	2,847,743
Contract assets	1,070,606	1,104,700
Inventories, net	3,979,329	3,131,783
Prepaid expenses and other current assets	741,223	657,102
Total current assets	10,259,514	9,134,885
Property, plant and equipment, net of accumulated depreciation of $4,922,191 as of May 31, 2021 and $4,525,758 as of August 31, 2020	3,812,159	3,665,312
Operating lease right-of-use asset	360,938	362,847
Goodwill	719,473	696,853
Intangible assets, net of accumulated amortization of $430,994 as of May 31, 2021 and $395,074 as of August 31, 2020	194,780	209,870
Deferred income taxes	165,612	165,407
Other assets	228,232	162,242
Total assets	15,740,708	14,397,416
Current liabilities:
Current installments of notes payable and long-term debt	50,168	50,194
Accounts payable	6,193,198	5,687,038
Accrued expenses	3,490,480	3,211,528
Current operating lease liabilities	113,150	110,723
Total current liabilities	9,846,996	9,059,483
Notes payable and long-term debt, less current installments	2,876,599	2,678,288
Other liabilities	302,602	268,925
Non-current operating lease liabilities	303,703	302,035
Income tax liabilities	169,593	148,629
Deferred income taxes	102,255	114,657
Total liabilities	13,601,748	12,572,017
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	0	0
Common stock, $0.001 par value, authorized 500,000,000 shares; 266,865,062 and 263,830,270 shares issued and 146,837,466 and 150,330,358 shares outstanding as of May 31, 2021 and August 31, 2020, respectively	267	264
Additional paid-in capital	2,490,892	2,413,616
Retained earnings	2,525,323	2,040,922
Accumulated other comprehensive loss	14,722	(34,168)
Treasury stock at cost, 120,027,596 and 113,499,912 shares as of May 31, 2021 and August 31, 2020, respectively	(2,893,193)	(2,609,250)
Total Jabil Inc. stockholders’ equity	2,138,011	1,811,384
Noncontrolling interests	949	14,015
Total equity	2,138,960	1,825,399
Total liabilities and equity	$ 15,740,708	$ 14,397,416

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	May 31, 2021	Aug. 31, 2020
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 26,939	$ 25,827
Property, plant and equipment, accumulated depreciation	4,922,191	4,525,758
Intangible assets, accumulated amortization	$ 430,994	$ 395,074
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	266,865,062	263,830,270
Common stock, shares outstanding	146,837,466	150,330,358
Treasury stock at cost, shares	120,027,596	113,499,912

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	May 31, 2021	May 31, 2020	May 31, 2021	May 31, 2020
Income Statement [Abstract]
Net revenue	$ 7,214,645	$ 6,335,642	$ 21,875,721	$ 19,966,423
Cost of revenue	6,646,845	5,879,494	20,103,436	18,526,311
Gross profit	567,800	456,148	1,772,285	1,440,112
Operating expenses:
Selling, general and administrative	305,559	302,849	914,253	916,772
Research and development	9,657	11,587	27,143	33,647
Amortization of intangibles	12,066	13,178	35,160	42,895
Restructuring, severance and related charges	744	69,150	5,655	144,005
Operating income	239,774	59,384	790,074	302,793
(Gain) impairment on securities	(2,409)	0	(2,409)	12,205
Other (income) expense	(3,352)	5,602	(6,833)	25,275
Interest income	(1,563)	(1,864)	(5,099)	(13,144)
Interest expense	33,803	41,873	97,175	132,967
Income before income tax	213,295	13,773	707,240	145,490
Income tax expense	43,277	64,036	183,861	157,620
Net income (loss)	170,018	(50,263)	523,379	(12,130)
Net income attributable to noncontrolling interests, net of tax	538	695	1,803	1,689
Net income (loss) attributable to Jabil Inc.	$ 169,480	$ (50,958)	$ 521,576	$ (13,819)
Earnings (loss) per share attributable to the stockholders of Jabil Inc.:
Basic (in dollars per share)	$ 1.14	$ (0.34)	$ 3.49	$ (0.09)
Diluted (in dollars per share)	$ 1.12	$ (0.34)	$ 3.41	$ (0.09)
Weighted average shares outstanding:
Basic (in shares)	148,110	150,723	149,500	151,956
Diluted (in shares)	151,976	150,723	152,838	151,956

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	May 31, 2021	May 31, 2020	May 31, 2021	May 31, 2020
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 170,018	$ (50,263)	$ 523,379	$ (12,130)
Other comprehensive income (loss):
Change in foreign currency translation	14,609	(32,135)	25,613	(43,010)
Change in derivative instruments:
Change in fair value of derivatives	7,878	(22,862)	64,113	(21,391)
Adjustment for net (gains) losses realized and included in net income	(3,495)	16,020	(40,580)	19,355
Total change in derivative instruments	4,383	(6,842)	23,533	(2,036)
Unrealized loss on available for sale securities	0	(7,483)	0	(21,563)
Actuarial loss	0	0	(256)	0
Total other comprehensive income (loss)	18,992	(46,460)	48,890	(66,609)
Comprehensive income (loss)	189,010	(96,723)	572,269	(78,739)
Comprehensive income attributable to noncontrolling interests	538	695	1,803	1,689
Comprehensive income (loss) attributable to Jabil Inc.	$ 188,472	$ (97,418)	$ 570,466	$ (80,428)

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	Treasury stock	Noncontrolling interests
Beginning Balance at Aug. 31, 2019	$ 1,900,758	$ 260	$ 2,304,552	$ 2,037,037	$ (82,794)	$ (2,371,612)	$ 13,315
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued under employee stock purchase plan		1	16,179
Vesting of restricted stock		2	(2)
Purchase of noncontrolling interest			0				0
Recognition of stock-based compensation			59,365
Declared dividends				(37,672)
Net income (loss)	(12,130)			(13,819)			1,689
Other comprehensive income (loss)	(66,609)				(66,609)
Purchases of treasury stock under employee stock plans						(23,086)
Treasury shares purchased						(189,500)
Declared dividends to noncontrolling interests							(2,002)
Ending Balance at May. 31, 2020	1,645,304	263	2,380,094	1,985,546	(149,403)	(2,584,198)	13,002
Beginning Balance at Feb. 29, 2020	1,759,140	263	2,363,839	2,048,954	(102,943)	(2,563,282)	12,309
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued under employee stock purchase plan		0	0
Vesting of restricted stock		0	0
Purchase of noncontrolling interest			0				0
Recognition of stock-based compensation			16,255
Declared dividends				(12,450)
Net income (loss)	(50,263)			(50,958)			695
Other comprehensive income (loss)	(46,460)				(46,460)
Purchases of treasury stock under employee stock plans						(75)
Treasury shares purchased						(20,841)
Declared dividends to noncontrolling interests							(2)
Ending Balance at May. 31, 2020	1,645,304	263	2,380,094	1,985,546	(149,403)	(2,584,198)	13,002
Beginning Balance at Aug. 31, 2020	1,825,399	264	2,413,616	2,040,922	(34,168)	(2,609,250)	14,015
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued under employee stock purchase plan		1	20,354
Vesting of restricted stock		2	(2)
Purchase of noncontrolling interest			(13,869)				(12,370)
Recognition of stock-based compensation			70,793
Declared dividends				(37,175)
Net income (loss)	523,379			521,576			1,803
Other comprehensive income (loss)	48,890				48,890
Purchases of treasury stock under employee stock plans						(22,155)
Treasury shares purchased						(261,788)
Declared dividends to noncontrolling interests							(2,499)
Ending Balance at May. 31, 2021	2,138,960	267	2,490,892	2,525,323	14,722	(2,893,193)	949
Beginning Balance at Feb. 28, 2021	2,101,942	267	2,488,366	2,368,012	(4,270)	(2,763,214)	12,781
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued under employee stock purchase plan		0	0
Vesting of restricted stock		0	0
Purchase of noncontrolling interest			(13,869)				(12,370)
Recognition of stock-based compensation			16,395
Declared dividends				(12,169)
Net income (loss)	170,018			169,480			538
Other comprehensive income (loss)	18,992				18,992
Purchases of treasury stock under employee stock plans						(187)
Treasury shares purchased						(129,792)
Declared dividends to noncontrolling interests							0
Ending Balance at May. 31, 2021	$ 2,138,960	$ 267	$ 2,490,892	$ 2,525,323	$ 14,722	$ (2,893,193)	$ 949

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	May 31, 2021	May 31, 2020
Cash flows provided by operating activities:
Net income (loss)	$ 523,379	$ (12,130)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	644,743	600,692
Restructuring and related charges	3,043	39,292
Recognition of stock-based compensation expense and related charges	76,119	62,214
Deferred income taxes	(15,933)	18,279
Provision for allowance for doubtful accounts	5,395	14,636
Other, net	16,217	20,979
Change in operating assets and liabilities, exclusive of net assets acquired:
Accounts receivable	(365,061)	142,470
Contract assets	47,135	(92,574)
Inventories	(839,570)	(229,398)
Prepaid expenses and other current assets	(73,024)	(44,331)
Other assets	(32,220)	(9,089)
Accounts payable, accrued expenses and other liabilities	680,637	59,686
Net cash provided by operating activities	670,860	570,726
Cash flows used in investing activities:
Acquisition of property, plant and equipment	(878,020)	(648,945)
Proceeds and advances from sale of property, plant and equipment	286,702	93,679
Cash paid for business and intangible asset acquisitions, net of cash	(49,833)	(145,595)
Other, net	(3,081)	21,398
Net cash used in investing activities	(644,232)	(679,463)
Cash flows used in financing activities:
Borrowings under debt agreements	1,081,486	9,521,853
Payments toward debt agreements	(908,265)	(9,533,522)
Payments to acquire treasury stock	(261,788)	(189,500)
Dividends paid to stockholders	(37,872)	(38,411)
Net proceeds from exercise of stock options and issuance of common stock under employee stock purchase plan	20,354	16,179
Treasury stock minimum tax withholding related to vesting of restricted stock	(22,155)	(23,085)
Other, net	(48,901)	(13,106)
Net cash used in financing activities	(177,141)	(259,592)
Effect of exchange rate changes on cash and cash equivalents	(2,315)	(31,677)
Net decrease in cash and cash equivalents	(152,828)	(400,006)
Cash and cash equivalents at beginning of period	1,393,557	1,163,343
Cash and cash equivalents at end of period	$ 1,240,729	$ 763,337

Basis of Presentation

Basis of Presentation	9 Months Ended
	May 31, 2021
Accounting Policies [Abstract]
Basis of Presentation	Basis of PresentationThe 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. 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 Jabil Inc. (the “Company”) for the fiscal year ended August 31, 2020. Results for the nine months ended May 31, 2021 are not necessarily an indication of the results that may be expected for the full fiscal year ending August 31, 2021.

Trade Accounts Receivable Sale

Trade Accounts Receivable Sale Programs	9 Months Ended
	May 31, 2021
Transfers and Servicing [Abstract]
Trade Accounts Receivable Sale Programs	Trade Accounts Receivable Sale Programs The Company regularly sells designated pools of high credit quality trade accounts receivable under uncommitted trade accounts receivable sale programs to unaffiliated financial institutions without recourse. As these accounts receivable are sold without recourse, the Company does not retain the associated risks following the transfer of such accounts receivable to the respective financial institutions. The Company continues servicing the receivables sold and in exchange receives a servicing fee under each of the trade accounts receivable sale programs. Servicing fees related to each of the trade accounts receivable sale programs recognized during the three months and nine months ended May 31, 2021 and 2020 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 trade accounts receivable sale programs are accounted for as sales and, accordingly, net receivables sold under the trade accounts receivable sale 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 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 $ 600.0 Uncommitted December 5, 2021 (2) B $ 150.0 Uncommitted November 30, 2021 C 400.0 CNY Uncommitted August 31, 2023 D $ 150.0 Uncommitted May 4, 2023 (3) E $ 150.0 Uncommitted January 25, 2022 (4) F $ 50.0 Uncommitted February 23, 2023 (5) G $ 100.0 Uncommitted August 10, 2021 (6) H $ 100.0 Uncommitted July 21, 2021 (7) I $ 550.0 Uncommitted December 4, 2021 (8) J $ 135.0 Uncommitted April 11, 2022 (9) K 100.0 CHF Uncommitted December 5, 2021 (2) (1) Maximum amount of trade accounts receivable that may be sold under a facility at any one time. (2) The program will be automatically extended through December 5, 2025 unless either party provides 30 days’ notice of termination. (3) Any party may elect to terminate the agreement upon 30 days’ prior notice. (4) The program will be automatically extended through January 25, 2023 unless either party provides 30 days’ notice of termination. (5) Any party may elect to terminate the agreement upon 15 days’ prior notice. (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 through December 5, 2024 unless either party provides 30 days’ notice of termination. (9) The program will be automatically extended through April 11, 2025 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 Nine months ended May 31, 2021 May 31, 2020 May 31, 2021 May 31, 2020 Trade accounts receivable sold $ 1,016 $ 2,162 $ 3,567 $ 6,325 Cash proceeds received $ 1,015 $ 2,158 $ 3,565 $ 6,311 Pre-tax losses on sale of receivables (1) $ 1 $ 4 $ 2 $ 14 (1) Recorded to other expense within the Condensed Consolidated Statement of Operations. The Company continuously sells designated pools of trade accounts receivable, at a discount, under its foreign asset-backed securitization program and its North American asset-backed securitization program to special purpose entities, which in turn sell certain of the receivables under the foreign program to an unaffiliated financial institution and a conduit administered by an unaffiliated financial institution and certain of the receivables under the North American program to conduits administered by an unaffiliated financial institution on a monthly basis. The Company continues servicing the receivables sold and in exchange receives a servicing fee under each of the asset-backed securitization programs. Servicing fees related to each of the asset-backed securitization programs recognized during the three months and nine months ended May 31, 2021 and 2020 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 asset-backed securitization programs are accounted for as sales and, accordingly, net receivables sold under the asset-backed securitization 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 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. As of May 31, 2021, the special purpose entity has liabilities for which creditors do not have recourse to the general credit of the Company (primary beneficiary). The liabilities cannot exceed the maximum amount of net cash proceeds under the foreign asset-backed securitization program. The foreign asset-backed securitization program contains a guarantee of payment by the special purpose entity, in an amount approximately equal to the net cash proceeds under the program. No liability has been recorded for obligations under the guarantee as of May 31, 2021. 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. Certain unsold receivables covering the maximum amount of net cash proceeds available under the North American asset-backed securitization program are pledged as collateral to the unaffiliated financial institution as of May 31, 2021. Following is a summary of the asset-backed securitization programs and key terms: Maximum Amount of (1)(2) Expiration North American $ 390.0 November 22, 2021 Foreign $ 400.0 (3) (1) Maximum amount available at any one time. (2) As of May 31, 2021, the Company had up to $148.5 million in available liquidity under its asset-backed securitization programs, of which all available liquidity related to the foreign asset-backed securitization program. (3) The Company terminated the foreign asset-backed securitization program on June 28, 2021. In connection with the termination, the Company paid approximately $167.0 million in cash, which consisted of a remittance of collections received prior to that date in the Company’s role as servicer of sold receivables, and a repurchase at fair value of all previously sold receivables that remained outstanding as of that date. The Company expects to receive payment on the repurchased receivables from the related customers during the fourth quarter of fiscal year 2021. In connection with the asset-backed securitization programs, the Company recognized the following (in millions): Three months ended Nine months ended May 31, 2021 May 31, 2020 May 31, 2021 May 31, 2020 Trade accounts receivable sold $ 1,074 $ 948 $ 3,388 $ 3,205 Cash proceeds received (1) $ 1,072 $ 944 $ 3,381 $ 3,189 Pre-tax losses on sale of receivables (2) $ 2 $ 4 $ 7 $ 16 (1) The amounts primarily represent proceeds from collections reinvested in revolving-period transfers. (2) Recorded to other expense within the Condensed Consolidated Statements of Operations. The asset-backed securitization programs require compliance with several covenants. The North American asset-backed 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

Inventories

Inventories	9 Months Ended
	May 31, 2021
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consist of the following (in thousands): May 31, 2021 August 31, 2020 Raw materials $ 2,806,761 $ 2,389,719 Work in process 646,132 450,781 Finished goods 598,976 376,542 Reserve for excess and obsolete inventory (72,540) (85,259) Inventories, net $ 3,979,329 $ 3,131,783

Notes Payable and Long-Term Deb

Notes Payable and Long-Term Debt	9 Months Ended
	May 31, 2021
Debt Disclosure [Abstract]
Notes Payable and Long-Term Debt	Notes Payable and Long-Term Debt Notes payable and long-term debt outstanding as of May 31, 2021 and August 31, 2020 are summarized below (in thousands): Maturity Date May 31, 2021 August 31, 2020 4.700% Senior Notes Sep 15, 2022 $ 499,150 $ 498,659 4.900% Senior Notes Jul 14, 2023 299,482 299,300 3.950% Senior Notes Jan 12, 2028 495,902 495,440 3.600% Senior Notes Jan 15, 2030 495,146 494,756 3.000% Senior Notes Jan 15, 2031 590,944 590,162 1.700% Senior Notes (1) Apr 15, 2026 495,560 — Borrowings under credit facilities (2)(3) Jan 22, 2024 and Jan 22, 2026 — — Borrowings under loans (1) Jun 23, 2021 50,583 350,165 Total notes payable and long-term debt 2,926,767 2,728,482 Less current installments of notes payable and long-term debt 50,168 50,194 Notes payable and long-term debt, less current installments $ 2,876,599 $ 2,678,288 (1) On April 14, 2021, the Company issued $500.0 million of publicly registered 1.700% Senior Notes due 2026 (the “1.700% Senior Notes”). The Company used the net proceeds for general corporate purposes, including repayment of the prior $300.0 million Term Loan Facility. (2) On April 28, 2021, the Company entered into an amendment (the “Amendment”) to its senior unsecured credit agreement dated as of January 22, 2020 (the “Credit Facility”). The Amendment, among other things, (i) increased the commitments available under the three-year revolving credit facility (the “Three-Year Revolving Credit Facility”) from $700.0 million to $1.2 billion, (ii) instituted certain sustainability-linked adjustments to the interest rates applicable to borrowings under the Credit Facility and (iii) extended the termination date of the Three-Year Revolving Credit Facility to January 22, 2024, and of the Five-Year Revolving Credit Facility of $2.0 billion to January 22, 2026. (3) As of May 31, 2021, the Company has $3.8 billion in available unused borrowing capacity under its revolving credit facilities. The Credit Facility acts as the back-up facility for commercial paper outstanding, if any. The Company has a borrowing capacity of up to $1.8 billion under its commercial paper program. 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 4.700%, 4.900%, 3.950%, 3.600%, 3.000% or 1.700% Senior Notes upon a change of control. As of May 31, 2021 and August 31, 2020, the Company was in compliance with its debt covenants. Fair Value

Asset-Backed Securitization Pro

Asset-Backed Securitization Programs	9 Months Ended
	May 31, 2021
Transfers and Servicing [Abstract]
Asset-Backed Securitization Programs	Trade Accounts Receivable Sale Programs The Company regularly sells designated pools of high credit quality trade accounts receivable under uncommitted trade accounts receivable sale programs to unaffiliated financial institutions without recourse. As these accounts receivable are sold without recourse, the Company does not retain the associated risks following the transfer of such accounts receivable to the respective financial institutions. The Company continues servicing the receivables sold and in exchange receives a servicing fee under each of the trade accounts receivable sale programs. Servicing fees related to each of the trade accounts receivable sale programs recognized during the three months and nine months ended May 31, 2021 and 2020 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 trade accounts receivable sale programs are accounted for as sales and, accordingly, net receivables sold under the trade accounts receivable sale 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 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 $ 600.0 Uncommitted December 5, 2021 (2) B $ 150.0 Uncommitted November 30, 2021 C 400.0 CNY Uncommitted August 31, 2023 D $ 150.0 Uncommitted May 4, 2023 (3) E $ 150.0 Uncommitted January 25, 2022 (4) F $ 50.0 Uncommitted February 23, 2023 (5) G $ 100.0 Uncommitted August 10, 2021 (6) H $ 100.0 Uncommitted July 21, 2021 (7) I $ 550.0 Uncommitted December 4, 2021 (8) J $ 135.0 Uncommitted April 11, 2022 (9) K 100.0 CHF Uncommitted December 5, 2021 (2) (1) Maximum amount of trade accounts receivable that may be sold under a facility at any one time. (2) The program will be automatically extended through December 5, 2025 unless either party provides 30 days’ notice of termination. (3) Any party may elect to terminate the agreement upon 30 days’ prior notice. (4) The program will be automatically extended through January 25, 2023 unless either party provides 30 days’ notice of termination. (5) Any party may elect to terminate the agreement upon 15 days’ prior notice. (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 through December 5, 2024 unless either party provides 30 days’ notice of termination. (9) The program will be automatically extended through April 11, 2025 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 Nine months ended May 31, 2021 May 31, 2020 May 31, 2021 May 31, 2020 Trade accounts receivable sold $ 1,016 $ 2,162 $ 3,567 $ 6,325 Cash proceeds received $ 1,015 $ 2,158 $ 3,565 $ 6,311 Pre-tax losses on sale of receivables (1) $ 1 $ 4 $ 2 $ 14 (1) Recorded to other expense within the Condensed Consolidated Statement of Operations. The Company continuously sells designated pools of trade accounts receivable, at a discount, under its foreign asset-backed securitization program and its North American asset-backed securitization program to special purpose entities, which in turn sell certain of the receivables under the foreign program to an unaffiliated financial institution and a conduit administered by an unaffiliated financial institution and certain of the receivables under the North American program to conduits administered by an unaffiliated financial institution on a monthly basis. The Company continues servicing the receivables sold and in exchange receives a servicing fee under each of the asset-backed securitization programs. Servicing fees related to each of the asset-backed securitization programs recognized during the three months and nine months ended May 31, 2021 and 2020 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 asset-backed securitization programs are accounted for as sales and, accordingly, net receivables sold under the asset-backed securitization 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 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. As of May 31, 2021, the special purpose entity has liabilities for which creditors do not have recourse to the general credit of the Company (primary beneficiary). The liabilities cannot exceed the maximum amount of net cash proceeds under the foreign asset-backed securitization program. The foreign asset-backed securitization program contains a guarantee of payment by the special purpose entity, in an amount approximately equal to the net cash proceeds under the program. No liability has been recorded for obligations under the guarantee as of May 31, 2021. 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. Certain unsold receivables covering the maximum amount of net cash proceeds available under the North American asset-backed securitization program are pledged as collateral to the unaffiliated financial institution as of May 31, 2021. Following is a summary of the asset-backed securitization programs and key terms: Maximum Amount of (1)(2) Expiration North American $ 390.0 November 22, 2021 Foreign $ 400.0 (3) (1) Maximum amount available at any one time. (2) As of May 31, 2021, the Company had up to $148.5 million in available liquidity under its asset-backed securitization programs, of which all available liquidity related to the foreign asset-backed securitization program. (3) The Company terminated the foreign asset-backed securitization program on June 28, 2021. In connection with the termination, the Company paid approximately $167.0 million in cash, which consisted of a remittance of collections received prior to that date in the Company’s role as servicer of sold receivables, and a repurchase at fair value of all previously sold receivables that remained outstanding as of that date. The Company expects to receive payment on the repurchased receivables from the related customers during the fourth quarter of fiscal year 2021. In connection with the asset-backed securitization programs, the Company recognized the following (in millions): Three months ended Nine months ended May 31, 2021 May 31, 2020 May 31, 2021 May 31, 2020 Trade accounts receivable sold $ 1,074 $ 948 $ 3,388 $ 3,205 Cash proceeds received (1) $ 1,072 $ 944 $ 3,381 $ 3,189 Pre-tax losses on sale of receivables (2) $ 2 $ 4 $ 7 $ 16 (1) The amounts primarily represent proceeds from collections reinvested in revolving-period transfers. (2) Recorded to other expense within the Condensed Consolidated Statements of Operations. The asset-backed securitization programs require compliance with several covenants. The North American asset-backed 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

Accrued Expenses

Accrued Expenses	9 Months Ended
	May 31, 2021
Accrued Liabilities, Current [Abstract]
Accrued Expenses	Accrued Expenses Accrued expenses consist of the following (in thousands): May 31, 2021 August 31, 2020 Contract liabilities (1) $ 512,131 $ 496,219 Accrued compensation and employee benefits 762,551 703,250 Other accrued expenses 2,215,798 2,012,059 Accrued expenses $ 3,490,480 $ 3,211,528 (1) Revenue recognized during the nine months ended May 31, 2021 and 2020 that was included in the contract liability balance as of August 31, 2020 and 2019 was $306.0 million and $260.9 million , respectively.

Postretirement and Other Employ

Postretirement and Other Employee Benefits	9 Months Ended
	May 31, 2021
Retirement Benefits [Abstract]
Postretirement and Other Employee Benefits	Postretirement and Other Employee Benefits Net Periodic Benefit Cost The following table provides information about the net periodic benefit cost for all plans for the three months and nine months ended May 31, 2021 and 2020 (in thousands): Three months ended Nine months ended May 31, 2021 May 31, 2020 May 31, 2021 May 31, 2020 Service cost (1) $ 6,278 $ 6,701 $ 18,809 $ 17,802 Interest cost (2) 1,172 755 3,469 2,327 Expected long-term return on plan assets (2) (3,897) (3,741) (11,746) (10,316) Recognized actuarial (gain) loss (2) (1,230) 225 (3,743) 674 Amortization of actuarial gain (2) (1,715) — (5,205) — Amortization of prior service credit (2) (13) (11) (39) (33) Net periodic benefit cost $ 595 $ 3,929 $ 1,545 $ 10,454 (1) Service cost is recognized in cost of revenue in the Condensed Consolidated Statement of Operations. (2) Components are recognized in other expense in the Condensed Consolidated Statement of Operations.

Derivative Financial Instrument

Derivative Financial Instruments and Hedging Activities	9 Months Ended
	May 31, 2021
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 $1.0 billion and $355.2 million as of May 31, 2021 and August 31, 2020, 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 June 1, 2021 and May 31, 2022. 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 May 31, 2021 and August 31, 2020, was $3.3 billion and $2.9 billion, respectively. Refer to Note 16 – “Fair Value Measurements” for the fair values and classification of the Company’s derivative instruments. 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 gains and losses 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 (Loss) on Derivatives Recognized in Net Income Amount of Gain (Loss) Recognized in Net Income on Derivatives Three months ended Nine months ended May 31, 2021 May 31, 2020 May 31, 2021 May 31, 2020 Forward foreign exchange contracts (1) Cost of revenue $ 27,212 $ (36,955) $ 147,655 $ (3,436) (1) For the three months and nine months ended May 31, 2021, the Company recognized $21.5 million and $120.6 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 nine months ended May 31, 2020, the Company recognized $36.9 million and $0.4 million, respectively, of foreign currency gains in cost revenue, which are offset by the losses 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 The following table presents the interest rate swaps outstanding as of May 31, 2021, which have been designated as hedging instruments and accounted for as cash flow hedges: Interest Rate Swap Summary Hedged Interest Rate Payments Aggregate Notional Amount (in millions) Effective Date Expiration Date (1) Forward Interest Rate Swap Anticipated Debt Issuance Fixed $ 250.0 November 2, 2020 July 31, 2024 (2) Anticipated Debt Issuance Fixed $ 150.0 May 24, 2021 July 31, 2024 (2) (1) The contracts will be settled with the respective counterparties on a net basis at the expiration date for the forward interest rate swap. (2) If the anticipated debt issuance occurs before July 31, 2024, the contracts will be terminated simultaneously with the debt issuance.

Accumulated Other Comprehensive

Accumulated Other Comprehensive (Loss) Income	9 Months Ended
	May 31, 2021
Equity [Abstract]
Accumulated Other Comprehensive (Loss) Income	Accumulated Other Comprehensive (Loss) IncomeThe following table sets forth the changes in accumulated other comprehensive (loss) income (“AOCI”), net of tax, by component for the nine months ended May 31, 2021 (in thousands): Foreign Derivative Actuarial Prior Total Balance as of August 31, 2020 $ (36,595) $ (30,996) $ 34,093 $ (670) $ (34,168) Other comprehensive income (loss) before reclassifications 25,613 64,113 (256) — 89,470 Amounts reclassified from AOCI — (40,580) — — (40,580) Other comprehensive income (loss) (1) 25,613 23,533 (256) — 48,890 Balance as of May 31, 2021 $ (10,982) $ (7,463) $ 33,837 $ (670) $ 14,722 (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 Nine months ended Comprehensive Income Components Financial Statement Line Item May 31, 2021 May 31, 2020 May 31, 2021 May 31, 2020 Realized (gains) losses on derivative instruments: (1) Foreign exchange contracts Cost of revenue $ (4,309) $ 16,451 $ (43,021) $ 20,648 Interest rate contracts Interest expense 814 (431) 2,441 (1,293) Total amounts reclassified from AOCI (2) $ (3,495) $ 16,020 $ (40,580) $ 19,355 (1) The Company expects to reclassify $7.9 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 nine months ended May 31, 2021 and 2020.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	May 31, 2021
Share-based Payment Arrangement [Abstract]
Stockholders' Equity	Stockholders’ Equity The Company recognized stock-based compensation expense within selling, general and administrative expense as follows (in thousands): Three months ended Nine months ended May 31, 2021 May 31, 2020 May 31, 2021 May 31, 2020 Restricted stock units $ 15,956 $ 14,299 $ 67,553 $ 54,783 Employee stock purchase plan 2,809 2,583 8,566 7,431 Total $ 18,765 $ 16,882 $ 76,119 $ 62,214 On January 21, 2021, the 2021 Equity Incentive Plan (the “2021 EIP”) was approved by the shareholders of the Company. The 2021 EIP replaced the Company’s 2011 Stock Award and Incentive Plan, which terminated on October 21, 2020. As of May 31, 2021, the shares available to be issued under the 2021 EIP w ere 10,965,250. Restricted Stock Units Certain key employees have been granted time-based, performance-based and market-based restricted stock unit awards (“restricted stock units”). The time-based restricted stock units generally vest on a graded vesting schedule over three years. T he 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 ha ve 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 nine months ended May 31, 2021 and 2020, the Company awarded approximately 1.2 million and 1.1 million time-based restricted stock units, respectively, 0.4 million and 0.3 million performance-based restricted stock units, respectively, and 0.3 million and 0.3 million market-based restricted stock units, respectively. The following represents the stock-based compensation information as of the period indicated (in thousands): May 31, 2021 Unrecognized stock-based compensation expense—restricted stock units $ 45,840 Remaining weighted-average period for restricted stock units expense 1.4 years Common Stock Outstanding The following represents the common stock outstanding for the periods indicated: Three months ended Nine months ended May 31, 2021 May 31, 2020 May 31, 2021 May 31, 2020 Common stock outstanding: Beginning balances 149,366,501 151,407,526 150,330,358 153,520,380 Shares issued upon exercise of stock options 9,321 — 9,321 56,999 Shares issued under employee stock purchase plan — — 771,548 595,717 Vesting of restricted stock 12,787 13,234 2,253,923 2,252,846 Purchases of treasury stock under employee stock plans (3,436) (2,808) (613,715) (619,931) Treasury shares purchased (1) (2,547,707) (843,916) (5,913,969) (5,231,975) Ending balances 146,837,466 150,574,036 146,837,466 150,574,036 (1) In September 2019, the Company’s Board of Directors authorized the repurchase of up to $600.0 million of the Company’s common stock as part of a two-year capital allocation framework (the “2020 Share Repurchase Program”). As of May 31, 2021, 11.9 million shares had been repurchased for $475.6 million and $124.4 million remains available under the 2020 Share Repurchase Program. The 2020 Share Repurchase Program authorization expires at the end of fiscal year 2021.

Concentration of Risk and Segme

Concentration of Risk and Segment Data	9 Months Ended
	May 31, 2021
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 nine months ended May 31, 2021, the Company’s five largest customers accounted for approximately 47% of its net revenue and 79 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, severance and related charges, distressed customer charges, acquisition and integration charges, (gain) impairment on securities, loss on disposal of subsidiaries, settlement of receivables and related charges, impairment of notes receivable and related charges, restructuring of securities loss, goodwill impairment charges, business interruption and impairment charges, net, income (loss) from discontinued operations, gain (loss) on sale of discontinued operations, other expense (excluding certain components of net periodic benefit cost), 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. As of September 1, 2020, certain customers have been realigned within the Company’s operating segments. As there have been no changes to how the Company’s chief operating decision maker assesses operating performance and allocates resources, the Company’s operating segments which are the reporting segments continue to consist of the DMS and EMS segments. Customers within the automotive and transportation and smart home and appliances industries are now presented within the DMS segment. Prior period disclosures are restated to reflect the realignment. The following table presents the Company’s revenues disaggregated by segment (in thousands): Three months ended May 31, 2021 May 31, 2020 EMS DMS Total EMS DMS Total Timing of transfer Point in time $ 1,346,207 $ 1,441,135 $ 2,787,342 $ 958,786 $ 1,385,203 $ 2,343,989 Over time 2,296,785 2,130,518 4,427,303 2,428,503 1,563,150 3,991,653 Total $ 3,642,992 $ 3,571,653 $ 7,214,645 $ 3,387,289 $ 2,948,353 $ 6,335,642 Nine months ended May 31, 2021 May 31, 2020 EMS DMS Total EMS DMS Total Timing of transfer Point in time $ 3,222,365 $ 5,463,053 $ 8,685,418 $ 3,323,119 $ 4,409,710 $ 7,732,829 Over time 7,193,156 5,997,147 13,190,303 7,043,921 5,189,673 12,233,594 Total $ 10,415,521 $ 11,460,200 $ 21,875,721 $ 10,367,040 $ 9,599,383 $ 19,966,423 The following tables set forth operating segment information (in thousands): Three months ended Nine months ended May 31, 2021 May 31, 2020 May 31, 2021 May 31, 2020 Segment income and reconciliation of income before income tax EMS $ 137,119 $ 97,824 $ 357,214 $ 259,679 DMS 139,764 74,260 569,212 349,168 Total segment income $ 276,883 $ 172,084 $ 926,426 $ 608,847 Reconciling items: Amortization of intangibles (12,066) (13,178) (35,160) (42,895) Stock-based compensation expense and related charges (18,765) (16,882) (76,119) (62,214) Restructuring, severance and related charges (744) (69,150) (5,655) (144,005) Distressed customer charge — — — (14,963) Business interruption and impairment charges, net — (4,574) 806 (4,574) Acquisition and integration charges — (6,119) (3,374) (30,005) Gain (impairment) on securities 2,409 — 2,409 (12,205) Other expense (net of periodic benefit cost) (2,182) (8,399) (10,017) (32,673) Interest income 1,563 1,864 5,099 13,144 Interest expense (33,803) (41,873) (97,175) (132,967) Income before income tax $ 213,295 $ 13,773 $ 707,240 $ 145,490 May 31, 2021 August 31, 2020 Total assets EMS $ 3,900,421 $ 3,233,681 DMS 7,261,735 6,641,764 Other non-allocated assets 4,578,552 4,521,971 $ 15,740,708 $ 14,397,416 As of May 31, 2021, the Company operated in 31 countries worldwide. Sales to unaffiliated customers are based on the Company 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 Nine months ended May 31, 2021 May 31, 2020 May 31, 2021 May 31, 2020 Foreign source revenue 82.7 % 83.4 % 83.6 % 82.6 %

Restructuring, Severance and Re

Restructuring, Severance and Related Charges	9 Months Ended
	May 31, 2021
Restructuring and Related Activities [Abstract]
Restructuring, Severance and Related Charges	Restructuring, Severance and Related Charges Following is a summary of the Company’s restructuring, severance and related charges (in thousands): Three months ended Nine months ended May 31, 2021 May 31, 2020 May 31, 2021 May 31, 2020 Employee severance and benefit costs $ 483 $ 56,891 $ 3,191 $ 83,684 Lease costs — 402 (2,873) 6,870 Asset write-off costs 8 6,253 4,598 31,678 Other costs 253 5,604 739 21,773 Total restructuring, severance and related charges (1) $ 744 $ 69,150 $ 5,655 $ 144,005 (1) Primarily relates to the 2020 Restructuring Plan, and includes $0.0 million and $23.7 million recorded in the EMS segment, $0.6 million and $29.3 million recorded in the DMS segment and $0.1 million and $16.2 million of non-allocated charges for the three months ended May 31, 2021 and 2020, respectively. Includes $(0.4) million and $55.8 million recorded in the EMS segment, $5.5 million and $69.0 million recorded in the DMS segment and $0.6 million and $19.2 million of non-allocated charges for the nine months ended May 31, 2021 and 2020, respectively. Except for asset write-off costs, all restructuring, severance and related charges are cash costs. 2020 Restructuring Plan On September 20, 2019, the Company’s Board of Directors formally approved a restructuring plan to realign the Company’s global capacity support infrastructure, particularly in the Company’s mobility footprint in China, in order to optimize organizational effectiveness. This action includes headcount reductions and capacity realignment (the “2020 Restructuring Plan”). The 2020 Restructuring Plan, totaling $85.0 million in restructuring and other related costs, is substantially complete as of May 31, 2021. The table below summarizes the Company’s liability activity, primarily associated with the 2020 Restructuring Plan (in thousands): Employee Severance Lease Costs Asset Write-off Costs Other Related Costs Total Balance as of August 31, 2020 $ 8,143 $ 2,316 $ — $ 426 $ 10,885 Restructuring related charges 2,722 (2,873) 4,352 733 4,934 Asset write-off charge and other non-cash activity 12 1,554 (4,352) (142) (2,928) Cash payments (7,102) (170) — (763) (8,035) Balance as of May 31, 2021 $ 3,775 $ 827 $ — $ 254 $ 4,856

Income Taxes

Income Taxes	9 Months Ended
	May 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Effective Income Tax Rate The U.S. federal statutory income tax rate and the Company's effective income tax rate are as follows: Three months ended Nine months ended May 31, 2021 May 31, 2020 May 31, 2021 May 31, 2020 U.S. federal statutory income tax rate 21.0 % 21.0 % 21.0 % 21.0 % Effective income tax rate 20.3 % 465.0 % 26.0 % 108.3 % The effective income tax rate decreased for the three months and nine months ended May 31, 2021, compared to the three months and nine months ended May 31, 2020, primarily due to: (i) increased income for the three months and nine months ended May 31, 2021, driven in part by decreased restructuring charges in tax jurisdictions with minimal related income tax benefit and (ii) a $21.2 million income tax expense associated with the re-measurement of deferred tax assets related to an extension of a non-U.S. tax incentive recorded during the three months ended May 31, 2020. The effective income tax rate differed from the U.S. federal statutory income tax rate of 21.0% during the three months and nine months ended May 31, 2021 and 2020, primarily due to: (i) losses in tax jurisdictions with existing valuation allowances, (ii) tax incentives granted to sites in Brazil, China, Malaysia, Singapore and Vietnam and (iii) a $21.2 million income tax expense associated with the re-measurement of deferred tax assets related to an extension of a non-U.S. tax incentive recorded during the three months ended May 31, 2020.

Earnings Per Share and Dividend

Earnings Per Share and Dividends	9 Months Ended
	May 31, 2021
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 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 Nine months ended May 31, 2021 May 31, 2020 May 31, 2021 May 31, 2020 Restricted stock units 665 3,717 665 3,379 Employee stock purchase plan — 57 — 92 Stock appreciation rights — 5 — 28 Dividends The following table sets forth cash dividends declared by the Company to common stockholders during the nine months ended May 31, 2021 and 2020 (in thousands, except for per share data): Dividend Dividend Total of Cash Date of Record for Dividend Cash Fiscal Year 2021: October 15, 2020 $ 0.08 $ 12,417 November 16, 2020 December 2, 2020 January 21, 2021 $ 0.08 $ 12,371 February 15, 2021 March 2, 2021 April 22, 2021 $ 0.08 $ 12,169 May 14, 2021 June 2, 2021 Fiscal Year 2020: October 17, 2019 $ 0.08 $ 12,647 November 15, 2019 December 2, 2019 January 23, 2020 $ 0.08 $ 12,517 February 14, 2020 March 4, 2020 April 15, 2020 $ 0.08 $ 12,452 May 15, 2020 June 3, 2020

Business Acquisitions

Business Acquisitions	9 Months Ended
	May 31, 2021
Business Combinations [Abstract]
Business Acquisitions	Business Acquisitions During fiscal year 2018, 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 October 26, 2020, under the terms of the framework agreement, the Company completed the fourth closing of its acquisition of certain assets of JJMD. The aggregate purchase price paid for the fourth closing was approximately $18.9 million in cash. Total assets acquired of $29.8 million and total liabilities assumed of $10.9 million were recorded at their estimated fair values as of the acquisition date. The acquisition of the JJMD assets was accounted for as a business combination using the acquisition method of accounting. The Company is currently evaluating the fair value of the assets and liabilities related to the fourth closing. 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 October 26, 2020 for the fourth closing. The Company believes it is impracticable to provide pro forma information for the acquisition of the JJMD assets.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	May 31, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Fair Value Measurements on a Recurring Basis The following table presents the fair value of the Company's financial assets and liabilities measured at fair value by hierarchy level on a recurring basis as of the periods indicated: (in thousands) Fair Value Hierarchy May 31, 2021 August 31, 2020 Assets: Cash and cash equivalents: Cash equivalents Level 1 (1) $ 17,839 $ 33,869 Prepaid expenses and other current assets: Short-term investments Level 1 17,216 16,556 Forward foreign exchange contracts: Derivatives designated as hedging instruments (Note 8) Level 2 (2) 19,089 11,201 Derivatives not designated as hedging instruments (Note 8) Level 2 (2) 60,944 58,893 Other assets: Forward interest rate swap: Derivatives designated as hedging instruments (Note 8) Level 2 (3) 18,772 — Liabilities: Accrued expenses: Forward foreign exchange contracts: Derivatives designated as hedging instruments (Note 8) Level 2 (2) $ 1,527 $ 1,522 Derivatives not designated as hedging instruments (Note 8) Level 2 (2) 8,023 9,100 Interest rate swaps: Derivatives not designated as hedging instruments (Note 8) Level 2 (3) 8,276 540 Extended interest rate swap not designated as a hedging instrument (Note 8) Level 2 (4) 17,809 26,492 Other liabilities: Interest rate swaps: Derivatives not designated as hedging instruments (Note 8) Level 2 (3) — 329 Extended interest rate swap not designated as a hedging instrument (Note 8) Level 2 (4) — 13,111 Forward interest rate swaps: Derivatives designated as hedging instruments (Note 8) Level 2 (3) 546 — (1) Consist of investments that are readily convertible to cash with original maturities of 90 days or less. (2) 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. (3) Fair value measurements are based on the contractual terms of the derivatives and use observable market-based inputs. The interest rate swaps are valued using a discounted cash flow analysis on the expected cash flows of each derivative using observable inputs including interest rate curves and credit spreads. (4) The 2020 Extended Interest Rate Swaps are considered a hybrid instrument and the Company elected the fair value option for reporting. Fair value measurements are based on the contractual terms of the contract and use observable market-based inputs. The interest rate swaps are valued using a discounted cash flow analysis of the expected cash flows using observable inputs including interest rate curves and credit spreads. Assets Held for Sale The following table presents the assets held for sale: May 31, 2021 August 31, 2020 (in thousands) Carrying Amount Carrying Amount Assets held for sale (1) $ 60,580 $ 67,380 (1) The fair value of assets held for sale exceeds the carrying value for $30.1 million of assets held for sale. For $30.5 million of assets held for sale, the carrying value approximates the fair value with the asset value measured using Level 2 inputs. Fair Value of Financial Instruments The carrying amounts of cash and cash equivalents, trade accounts receivable, prepaid expenses and other current assets, accounts payable and accrued expenses approximate fair value because of the short-term nature of these financial instruments. The carrying amounts of borrowings under credit facilities and under loans approximates fair value as interest rates on these instruments approximates current market rates. Notes payable and long-term debt is carried at amortized cost; however, the Company estimates the fair values of notes payable and long-term debt for disclosure purposes. The following table presents the carrying amounts and fair values of the Company's notes payable and long-term debt, by hierarchy level as of the periods indicated: May 31, 2021 August 31, 2020 (in thousands) Fair Value Hierarchy Carrying Amount Fair Value Carrying Amount Fair Value Notes payable and long-term debt: 4.700% Senior Notes Level 2 (1) $ 499,150 $ 527,780 $ 498,659 $ 537,180 4.900% Senior Notes Level 3 (2) $ 299,482 $ 325,411 $ 299,300 $ 329,435 3.950% Senior Notes Level 2 (1) $ 495,902 $ 555,460 $ 495,440 $ 551,930 3.600% Senior Notes Level 2 (1) $ 495,146 $ 538,850 $ 494,756 $ 536,110 3.000% Senior Notes Level 2 (1) $ 590,944 $ 610,830 $ 590,162 $ 611,616 1.700% Senior Notes Level 2 (1) $ 495,560 $ 502,340 $ — $ — (1) The fair value estimates are based upon observable market data.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	May 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Leases During fiscal year 2021, the Company entered into new operating and finance leases. The future minimum lease payments under these new leases as of May 31, 2021 are summarized below. Payments due by period (in thousands) Total Less than 1 1-3 years 3-5 years After 5 years Operating lease obligations $ 92,963 $ 20,728 $ 38,034 $ 23,929 $ 10,272 Finance lease obligations (1) $ 83,737 $ 44,759 $ 29,230 $ 7,397 $ 2,351 (1) As of May 31, 2021 , the future minimum lease payments exclude $154.9 million of residual value guarantees that could potentially come due in future periods. The Company does not believe it is probable that any amounts will be owed under these guarantees. Therefore, no amounts related to the residual value guarantees are included in the lease payments used to measure the right-of-use assets and lease liabilities . Legal Proceedings 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.

New Accounting Guidance

New Accounting Guidance	9 Months Ended
	May 31, 2021
Accounting Standards Update and Change in Accounting Principle [Abstract]
New Accounting Guidance	New Accounting Guidance Recently Adopted Accounting Guidance During fiscal year 2016, the FASB issued an accounting standard, which replaces the existing incurred loss impairment model with an expected credit loss model and requires a financial asset measured at amortized cost to be presented at the net amount expected to be collected. The Company adopted the guidance during the first quarter of fiscal year 2021. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements. 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 was effective for the Company beginning in the first quarter of fiscal year 2021. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements. Recently Issued Accounting Guidance Recently issued accounting guidance is not applicable or did not have, or is not expected to have, a material impact to the Company.

New Accounting Guidance (Polici

New Accounting Guidance (Policies)	9 Months Ended
	May 31, 2021
Accounting Standards Update and Change in Accounting Principle [Abstract]
Recently Adopted Accounting Guidance and Recently Issued Accounting Guidance	Recently Adopted Accounting Guidance During fiscal year 2016, the FASB issued an accounting standard, which replaces the existing incurred loss impairment model with an expected credit loss model and requires a financial asset measured at amortized cost to be presented at the net amount expected to be collected. The Company adopted the guidance during the first quarter of fiscal year 2021. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements. 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 was effective for the Company beginning in the first quarter of fiscal year 2021. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements. Recently Issued Accounting Guidance Recently issued accounting guidance is not applicable or did not have, or is not expected to have, a material impact to the Company.

Trade Accounts Receivable Sal_2

Trade Accounts Receivable Sale Programs (Tables)	9 Months Ended
	May 31, 2021
Transfers and Servicing [Abstract]
Schedule of 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 $ 600.0 Uncommitted December 5, 2021 (2) B $ 150.0 Uncommitted November 30, 2021 C 400.0 CNY Uncommitted August 31, 2023 D $ 150.0 Uncommitted May 4, 2023 (3) E $ 150.0 Uncommitted January 25, 2022 (4) F $ 50.0 Uncommitted February 23, 2023 (5) G $ 100.0 Uncommitted August 10, 2021 (6) H $ 100.0 Uncommitted July 21, 2021 (7) I $ 550.0 Uncommitted December 4, 2021 (8) J $ 135.0 Uncommitted April 11, 2022 (9) K 100.0 CHF Uncommitted December 5, 2021 (2) (1) Maximum amount of trade accounts receivable that may be sold under a facility at any one time. (2) The program will be automatically extended through December 5, 2025 unless either party provides 30 days’ notice of termination. (3) Any party may elect to terminate the agreement upon 30 days’ prior notice. (4) The program will be automatically extended through January 25, 2023 unless either party provides 30 days’ notice of termination. (5) Any party may elect to terminate the agreement upon 15 days’ prior notice. (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 through December 5, 2024 unless either party provides 30 days’ notice of termination. (9) The program will be automatically extended through April 11, 2025 unless either party provides 30 days’ notice of termination.
Schedule of 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 Nine months ended May 31, 2021 May 31, 2020 May 31, 2021 May 31, 2020 Trade accounts receivable sold $ 1,016 $ 2,162 $ 3,567 $ 6,325 Cash proceeds received $ 1,015 $ 2,158 $ 3,565 $ 6,311 Pre-tax losses on sale of receivables (1) $ 1 $ 4 $ 2 $ 14 (1) Recorded to other expense within the Condensed Consolidated Statement of Operations.

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	May 31, 2021
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories consist of the following (in thousands): May 31, 2021 August 31, 2020 Raw materials $ 2,806,761 $ 2,389,719 Work in process 646,132 450,781 Finished goods 598,976 376,542 Reserve for excess and obsolete inventory (72,540) (85,259) Inventories, net $ 3,979,329 $ 3,131,783

Notes Payable and Long-Term D_2

Notes Payable and Long-Term Debt (Tables)	9 Months Ended
	May 31, 2021
Debt Disclosure [Abstract]
Schedule of Notes Payable and Long-term Debt	Notes payable and long-term debt outstanding as of May 31, 2021 and August 31, 2020 are summarized below (in thousands): Maturity Date May 31, 2021 August 31, 2020 4.700% Senior Notes Sep 15, 2022 $ 499,150 $ 498,659 4.900% Senior Notes Jul 14, 2023 299,482 299,300 3.950% Senior Notes Jan 12, 2028 495,902 495,440 3.600% Senior Notes Jan 15, 2030 495,146 494,756 3.000% Senior Notes Jan 15, 2031 590,944 590,162 1.700% Senior Notes (1) Apr 15, 2026 495,560 — Borrowings under credit facilities (2)(3) Jan 22, 2024 and Jan 22, 2026 — — Borrowings under loans (1) Jun 23, 2021 50,583 350,165 Total notes payable and long-term debt 2,926,767 2,728,482 Less current installments of notes payable and long-term debt 50,168 50,194 Notes payable and long-term debt, less current installments $ 2,876,599 $ 2,678,288 (1) On April 14, 2021, the Company issued $500.0 million of publicly registered 1.700% Senior Notes due 2026 (the “1.700% Senior Notes”). The Company used the net proceeds for general corporate purposes, including repayment of the prior $300.0 million Term Loan Facility. (2) On April 28, 2021, the Company entered into an amendment (the “Amendment”) to its senior unsecured credit agreement dated as of January 22, 2020 (the “Credit Facility”). The Amendment, among other things, (i) increased the commitments available under the three-year revolving credit facility (the “Three-Year Revolving Credit Facility”) from $700.0 million to $1.2 billion, (ii) instituted certain sustainability-linked adjustments to the interest rates applicable to borrowings under the Credit Facility and (iii) extended the termination date of the Three-Year Revolving Credit Facility to January 22, 2024, and of the Five-Year Revolving Credit Facility of $2.0 billion to January 22, 2026.

Asset-Backed Securitization P_2

Asset-Backed Securitization Programs (Tables)	9 Months Ended
	May 31, 2021
Transfers and Servicing [Abstract]
Schedule of Asset-backed Securitization Programs and Key Terms	Following is a summary of the asset-backed securitization programs and key terms: Maximum Amount of (1)(2) Expiration North American $ 390.0 November 22, 2021 Foreign $ 400.0 (3) (1) Maximum amount available at any one time. (2) As of May 31, 2021, the Company had up to $148.5 million in available liquidity under its asset-backed securitization programs, of which all available liquidity related to the foreign asset-backed securitization program. (3) The Company terminated the foreign asset-backed securitization program on June 28, 2021. In connection with the termination, the Company paid approximately $167.0 million in cash, which consisted of a remittance of collections received prior to that date in the Company’s role as servicer of sold receivables, and a repurchase at fair value of all previously sold receivables that remained outstanding as of that date. The Company expects to receive payment on the repurchased receivables from the related customers during the fourth quarter of fiscal year 2021.
Schedule of Asset-backed Securitization Programs Amounts Recognized	In connection with the asset-backed securitization programs, the Company recognized the following (in millions): Three months ended Nine months ended May 31, 2021 May 31, 2020 May 31, 2021 May 31, 2020 Trade accounts receivable sold $ 1,074 $ 948 $ 3,388 $ 3,205 Cash proceeds received (1) $ 1,072 $ 944 $ 3,381 $ 3,189 Pre-tax losses on sale of receivables (2) $ 2 $ 4 $ 7 $ 16 (1) The amounts primarily represent proceeds from collections reinvested in revolving-period transfers. (2) Recorded to other expense within the Condensed Consolidated Statements of Operations.

Accrued Expenses (Tables)

Accrued Expenses (Tables)	9 Months Ended
	May 31, 2021
Accrued Liabilities, Current [Abstract]
Schedule of Accrued Expenses	Accrued expenses consist of the following (in thousands): May 31, 2021 August 31, 2020 Contract liabilities (1) $ 512,131 $ 496,219 Accrued compensation and employee benefits 762,551 703,250 Other accrued expenses 2,215,798 2,012,059 Accrued expenses $ 3,490,480 $ 3,211,528 (1) Revenue recognized during the nine months ended May 31, 2021 and 2020 that was included in the contract liability balance as of August 31, 2020 and 2019 was $306.0 million and $260.9 million , respectively.

Postretirement and Other Empl_2

Postretirement and Other Employee Benefits (Tables)	9 Months Ended
	May 31, 2021
Retirement Benefits [Abstract]
Schedule of Information about Net Periodic Benefit Cost for Plans	The following table provides information about the net periodic benefit cost for all plans for the three months and nine months ended May 31, 2021 and 2020 (in thousands): Three months ended Nine months ended May 31, 2021 May 31, 2020 May 31, 2021 May 31, 2020 Service cost (1) $ 6,278 $ 6,701 $ 18,809 $ 17,802 Interest cost (2) 1,172 755 3,469 2,327 Expected long-term return on plan assets (2) (3,897) (3,741) (11,746) (10,316) Recognized actuarial (gain) loss (2) (1,230) 225 (3,743) 674 Amortization of actuarial gain (2) (1,715) — (5,205) — Amortization of prior service credit (2) (13) (11) (39) (33) Net periodic benefit cost $ 595 $ 3,929 $ 1,545 $ 10,454 (1) Service cost is recognized in cost of revenue in the Condensed Consolidated Statement of Operations. (2) Components are recognized in other expense in the Condensed Consolidated Statement of Operations.

Derivative Financial Instrume_2

Derivative Financial Instruments and Hedging Activities (Tables)	9 Months Ended
	May 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Net Gains from Forward Contracts Recorded in Consolidated Statements of Operations	The following table presents the gains and losses 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 (Loss) on Derivatives Recognized in Net Income Amount of Gain (Loss) Recognized in Net Income on Derivatives Three months ended Nine months ended May 31, 2021 May 31, 2020 May 31, 2021 May 31, 2020 Forward foreign exchange contracts (1) Cost of revenue $ 27,212 $ (36,955) $ 147,655 $ (3,436) (1) For the three months and nine months ended May 31, 2021, the Company recognized $21.5 million and $120.6 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 nine months ended May 31, 2020, the Company recognized $36.9 million and $0.4 million, respectively, of foreign currency gains in cost revenue, which are offset by the losses from the forward foreign exchange contracts.
Schedule of Notional Amounts of Outstanding Derivative Positions	The following table presents the interest rate swaps outstanding as of May 31, 2021, which have been designated as hedging instruments and accounted for as cash flow hedges: Interest Rate Swap Summary Hedged Interest Rate Payments Aggregate Notional Amount (in millions) Effective Date Expiration Date (1) Forward Interest Rate Swap Anticipated Debt Issuance Fixed $ 250.0 November 2, 2020 July 31, 2024 (2) Anticipated Debt Issuance Fixed $ 150.0 May 24, 2021 July 31, 2024 (2) (1) The contracts will be settled with the respective counterparties on a net basis at the expiration date for the forward interest rate swap. (2) If the anticipated debt issuance occurs before July 31, 2024, the contracts will be terminated simultaneously with the debt issuance.

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive (Loss) Income (Tables)	9 Months Ended
	May 31, 2021
Equity [Abstract]
Summary of Changes in Accumulated Other Comprehensive (Loss) Income	The following table sets forth the changes in accumulated other comprehensive (loss) income (“AOCI”), net of tax, by component for the nine months ended May 31, 2021 (in thousands): Foreign Derivative Actuarial Prior Total Balance as of August 31, 2020 $ (36,595) $ (30,996) $ 34,093 $ (670) $ (34,168) Other comprehensive income (loss) before reclassifications 25,613 64,113 (256) — 89,470 Amounts reclassified from AOCI — (40,580) — — (40,580) Other comprehensive income (loss) (1) 25,613 23,533 (256) — 48,890 Balance as of May 31, 2021 $ (10,982) $ (7,463) $ 33,837 $ (670) $ 14,722 (1) Amounts are net of tax, which are immaterial.
Summary of 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 Nine months ended Comprehensive Income Components Financial Statement Line Item May 31, 2021 May 31, 2020 May 31, 2021 May 31, 2020 Realized (gains) losses on derivative instruments: (1) Foreign exchange contracts Cost of revenue $ (4,309) $ 16,451 $ (43,021) $ 20,648 Interest rate contracts Interest expense 814 (431) 2,441 (1,293) Total amounts reclassified from AOCI (2) $ (3,495) $ 16,020 $ (40,580) $ 19,355 (1) The Company expects to reclassify $7.9 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 nine months ended May 31, 2021 and 2020.

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	May 31, 2021
Share-based Payment Arrangement [Abstract]
Schedule of Recognized Stock-based Compensation Expense	The Company recognized stock-based compensation expense within selling, general and administrative expense as follows (in thousands): Three months ended Nine months ended May 31, 2021 May 31, 2020 May 31, 2021 May 31, 2020 Restricted stock units $ 15,956 $ 14,299 $ 67,553 $ 54,783 Employee stock purchase plan 2,809 2,583 8,566 7,431 Total $ 18,765 $ 16,882 $ 76,119 $ 62,214
Schedule of Share-based Compensation Information	The following represents the stock-based compensation information as of the period indicated (in thousands): May 31, 2021 Unrecognized stock-based compensation expense—restricted stock units $ 45,840 Remaining weighted-average period for restricted stock units expense 1.4 years
Schedule of Common Stock Outstanding	The following represents the common stock outstanding for the periods indicated: Three months ended Nine months ended May 31, 2021 May 31, 2020 May 31, 2021 May 31, 2020 Common stock outstanding: Beginning balances 149,366,501 151,407,526 150,330,358 153,520,380 Shares issued upon exercise of stock options 9,321 — 9,321 56,999 Shares issued under employee stock purchase plan — — 771,548 595,717 Vesting of restricted stock 12,787 13,234 2,253,923 2,252,846 Purchases of treasury stock under employee stock plans (3,436) (2,808) (613,715) (619,931) Treasury shares purchased (1) (2,547,707) (843,916) (5,913,969) (5,231,975) Ending balances 146,837,466 150,574,036 146,837,466 150,574,036 (1) In September 2019, the Company’s Board of Directors authorized the repurchase of up to $600.0 million of the Company’s common stock as part of a two-year capital allocation framework (the “2020 Share Repurchase Program”). As of May 31, 2021, 11.9 million shares had been repurchased for $475.6 million and $124.4 million remains available under the 2020 Share Repurchase Program. The 2020 Share Repurchase Program authorization expires at the end of fiscal year 2021.

Concentration of Risk and Seg_2

Concentration of Risk and Segment Data (Tables)	9 Months Ended
	May 31, 2021
Segment Reporting [Abstract]
Schedule of Revenues Disaggregated by Segment	The following table presents the Company’s revenues disaggregated by segment (in thousands): Three months ended May 31, 2021 May 31, 2020 EMS DMS Total EMS DMS Total Timing of transfer Point in time $ 1,346,207 $ 1,441,135 $ 2,787,342 $ 958,786 $ 1,385,203 $ 2,343,989 Over time 2,296,785 2,130,518 4,427,303 2,428,503 1,563,150 3,991,653 Total $ 3,642,992 $ 3,571,653 $ 7,214,645 $ 3,387,289 $ 2,948,353 $ 6,335,642 Nine months ended May 31, 2021 May 31, 2020 EMS DMS Total EMS DMS Total Timing of transfer Point in time $ 3,222,365 $ 5,463,053 $ 8,685,418 $ 3,323,119 $ 4,409,710 $ 7,732,829 Over time 7,193,156 5,997,147 13,190,303 7,043,921 5,189,673 12,233,594 Total $ 10,415,521 $ 11,460,200 $ 21,875,721 $ 10,367,040 $ 9,599,383 $ 19,966,423
Schedule of Reconciliation of Income from Segments to Consolidated	The following tables set forth operating segment information (in thousands): Three months ended Nine months ended May 31, 2021 May 31, 2020 May 31, 2021 May 31, 2020 Segment income and reconciliation of income before income tax EMS $ 137,119 $ 97,824 $ 357,214 $ 259,679 DMS 139,764 74,260 569,212 349,168 Total segment income $ 276,883 $ 172,084 $ 926,426 $ 608,847 Reconciling items: Amortization of intangibles (12,066) (13,178) (35,160) (42,895) Stock-based compensation expense and related charges (18,765) (16,882) (76,119) (62,214) Restructuring, severance and related charges (744) (69,150) (5,655) (144,005) Distressed customer charge — — — (14,963) Business interruption and impairment charges, net — (4,574) 806 (4,574) Acquisition and integration charges — (6,119) (3,374) (30,005) Gain (impairment) on securities 2,409 — 2,409 (12,205) Other expense (net of periodic benefit cost) (2,182) (8,399) (10,017) (32,673) Interest income 1,563 1,864 5,099 13,144 Interest expense (33,803) (41,873) (97,175) (132,967) Income before income tax $ 213,295 $ 13,773 $ 707,240 $ 145,490
Schedule of Reconciliation of Assets from Segment to Consolidated	May 31, 2021 August 31, 2020 Total assets EMS $ 3,900,421 $ 3,233,681 DMS 7,261,735 6,641,764 Other non-allocated assets 4,578,552 4,521,971 $ 15,740,708 $ 14,397,416
Schedule of Revenue from External Customers by Geographic Areas	The following table sets forth, for the periods indicated, foreign source revenue expressed as a percentage of net revenue: Three months ended Nine months ended May 31, 2021 May 31, 2020 May 31, 2021 May 31, 2020 Foreign source revenue 82.7 % 83.4 % 83.6 % 82.6 %

Restructuring, Severance and _2

Restructuring, Severance and Related Charges (Tables)	9 Months Ended
	May 31, 2021
Restructuring and Related Activities [Abstract]
Summary of Restructuring and Related Charges	Following is a summary of the Company’s restructuring, severance and related charges (in thousands): Three months ended Nine months ended May 31, 2021 May 31, 2020 May 31, 2021 May 31, 2020 Employee severance and benefit costs $ 483 $ 56,891 $ 3,191 $ 83,684 Lease costs — 402 (2,873) 6,870 Asset write-off costs 8 6,253 4,598 31,678 Other costs 253 5,604 739 21,773 Total restructuring, severance and related charges (1) $ 744 $ 69,150 $ 5,655 $ 144,005
Summary of Liability Activity Associated with Restructuring Plan	The table below summarizes the Company’s liability activity, primarily associated with the 2020 Restructuring Plan (in thousands): Employee Severance Lease Costs Asset Write-off Costs Other Related Costs Total Balance as of August 31, 2020 $ 8,143 $ 2,316 $ — $ 426 $ 10,885 Restructuring related charges 2,722 (2,873) 4,352 733 4,934 Asset write-off charge and other non-cash activity 12 1,554 (4,352) (142) (2,928) Cash payments (7,102) (170) — (763) (8,035) Balance as of May 31, 2021 $ 3,775 $ 827 $ — $ 254 $ 4,856

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	May 31, 2021
Income Tax Disclosure [Abstract]
Summary of U.S. Federal Statutory Income Tax Rate Compared to Actual Income Tax Expense	The U.S. federal statutory income tax rate and the Company's effective income tax rate are as follows: Three months ended Nine months ended May 31, 2021 May 31, 2020 May 31, 2021 May 31, 2020 U.S. federal statutory income tax rate 21.0 % 21.0 % 21.0 % 21.0 % Effective income tax rate 20.3 % 465.0 % 26.0 % 108.3 %

Earnings Per Share and Divide_2

Earnings Per Share and Dividends (Tables)	9 Months Ended
	May 31, 2021
Earnings Per Share [Abstract]
Schedule of 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 Nine months ended May 31, 2021 May 31, 2020 May 31, 2021 May 31, 2020 Restricted stock units 665 3,717 665 3,379 Employee stock purchase plan — 57 — 92 Stock appreciation rights — 5 — 28
Schedule of Cash Dividends Declared to Common Stockholders	The following table sets forth cash dividends declared by the Company to common stockholders during the nine months ended May 31, 2021 and 2020 (in thousands, except for per share data): Dividend Dividend Total of Cash Date of Record for Dividend Cash Fiscal Year 2021: October 15, 2020 $ 0.08 $ 12,417 November 16, 2020 December 2, 2020 January 21, 2021 $ 0.08 $ 12,371 February 15, 2021 March 2, 2021 April 22, 2021 $ 0.08 $ 12,169 May 14, 2021 June 2, 2021 Fiscal Year 2020: October 17, 2019 $ 0.08 $ 12,647 November 15, 2019 December 2, 2019 January 23, 2020 $ 0.08 $ 12,517 February 14, 2020 March 4, 2020 April 15, 2020 $ 0.08 $ 12,452 May 15, 2020 June 3, 2020

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	May 31, 2021
Fair Value Disclosures [Abstract]
Schedule of Fair Value of Financial Assets and Liabilities	The following table presents the fair value of the Company's financial assets and liabilities measured at fair value by hierarchy level on a recurring basis as of the periods indicated: (in thousands) Fair Value Hierarchy May 31, 2021 August 31, 2020 Assets: Cash and cash equivalents: Cash equivalents Level 1 (1) $ 17,839 $ 33,869 Prepaid expenses and other current assets: Short-term investments Level 1 17,216 16,556 Forward foreign exchange contracts: Derivatives designated as hedging instruments (Note 8) Level 2 (2) 19,089 11,201 Derivatives not designated as hedging instruments (Note 8) Level 2 (2) 60,944 58,893 Other assets: Forward interest rate swap: Derivatives designated as hedging instruments (Note 8) Level 2 (3) 18,772 — Liabilities: Accrued expenses: Forward foreign exchange contracts: Derivatives designated as hedging instruments (Note 8) Level 2 (2) $ 1,527 $ 1,522 Derivatives not designated as hedging instruments (Note 8) Level 2 (2) 8,023 9,100 Interest rate swaps: Derivatives not designated as hedging instruments (Note 8) Level 2 (3) 8,276 540 Extended interest rate swap not designated as a hedging instrument (Note 8) Level 2 (4) 17,809 26,492 Other liabilities: Interest rate swaps: Derivatives not designated as hedging instruments (Note 8) Level 2 (3) — 329 Extended interest rate swap not designated as a hedging instrument (Note 8) Level 2 (4) — 13,111 Forward interest rate swaps: Derivatives designated as hedging instruments (Note 8) Level 2 (3) 546 — (1) Consist of investments that are readily convertible to cash with original maturities of 90 days or less. (2) 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. (3) Fair value measurements are based on the contractual terms of the derivatives and use observable market-based inputs. The interest rate swaps are valued using a discounted cash flow analysis on the expected cash flows of each derivative using observable inputs including interest rate curves and credit spreads. (4) The 2020 Extended Interest Rate Swaps are considered a hybrid instrument and the Company elected the fair value option for reporting. Fair value measurements are based on the contractual terms of the contract and use observable market-based inputs. The interest rate swaps are valued using a discounted cash flow analysis of the expected cash flows using observable inputs including interest rate curves and credit spreads.
Schedule of Carrying Amounts and Fair Values of Notes Payable and Long-term Debt	The following table presents the assets held for sale: May 31, 2021 August 31, 2020 (in thousands) Carrying Amount Carrying Amount Assets held for sale (1) $ 60,580 $ 67,380 (1) The fair value of assets held for sale exceeds the carrying value for $30.1 million of assets held for sale. For $30.5 million of assets held for sale, the carrying value approximates the fair value with the asset value measured using Level 2 inputs. May 31, 2021 August 31, 2020 (in thousands) Fair Value Hierarchy Carrying Amount Fair Value Carrying Amount Fair Value Notes payable and long-term debt: 4.700% Senior Notes Level 2 (1) $ 499,150 $ 527,780 $ 498,659 $ 537,180 4.900% Senior Notes Level 3 (2) $ 299,482 $ 325,411 $ 299,300 $ 329,435 3.950% Senior Notes Level 2 (1) $ 495,902 $ 555,460 $ 495,440 $ 551,930 3.600% Senior Notes Level 2 (1) $ 495,146 $ 538,850 $ 494,756 $ 536,110 3.000% Senior Notes Level 2 (1) $ 590,944 $ 610,830 $ 590,162 $ 611,616 1.700% Senior Notes Level 2 (1) $ 495,560 $ 502,340 $ — $ — (1) The fair value estimates are based upon observable market data.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	May 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Lease Payments under Operating Leases	The future minimum lease payments under these new leases as of May 31, 2021 are summarized below. Payments due by period (in thousands) Total Less than 1 1-3 years 3-5 years After 5 years Operating lease obligations $ 92,963 $ 20,728 $ 38,034 $ 23,929 $ 10,272 Finance lease obligations (1) $ 83,737 $ 44,759 $ 29,230 $ 7,397 $ 2,351 (1) As of May 31, 2021 , the future minimum lease payments exclude $154.9 million of residual value guarantees that could potentially come due in future periods. The Company does not believe it is probable that any amounts will be owed under these guarantees. Therefore, no amounts related to the residual value guarantees are included in the lease payments used to measure the right-of-use assets and lease liabilities .
Schedule of Future Minimum Lease Payments under Finance Leases	The future minimum lease payments under these new leases as of May 31, 2021 are summarized below. Payments due by period (in thousands) Total Less than 1 1-3 years 3-5 years After 5 years Operating lease obligations $ 92,963 $ 20,728 $ 38,034 $ 23,929 $ 10,272 Finance lease obligations (1) $ 83,737 $ 44,759 $ 29,230 $ 7,397 $ 2,351 (1) As of May 31, 2021 , the future minimum lease payments exclude $154.9 million of residual value guarantees that could potentially come due in future periods. The Company does not believe it is probable that any amounts will be owed under these guarantees. Therefore, no amounts related to the residual value guarantees are included in the lease payments used to measure the right-of-use assets and lease liabilities .

Trade Accounts Receivable Sal_3

Trade Accounts Receivable Sale Programs (Trade Accounts Receivable Sale Programs Key Terms) (Details) - 9 months ended May 31, 2021	USD ($)	CNY (¥)	CHF (SFr)
A
Trade Accounts Receivable Securitization and Sale Program [Line Items]
Maximum amount	$ 600,000,000
Threshold period to cancel trade accounts receivable sale agreement before automatic extension	30 days
B
Trade Accounts Receivable Securitization and Sale Program [Line Items]
Maximum amount	$ 150,000,000
C
Trade Accounts Receivable Securitization and Sale Program [Line Items]
Maximum amount | ¥		¥ 400,000,000
D
Trade Accounts Receivable Securitization and Sale Program [Line Items]
Maximum amount	$ 150,000,000
Threshold period to cancel trade accounts receivable sale agreement before automatic extension	30 days
E
Trade Accounts Receivable Securitization and Sale Program [Line Items]
Maximum amount	$ 150,000,000
Threshold period to cancel trade accounts receivable sale agreement before automatic extension	30 days
F
Trade Accounts Receivable Securitization and Sale Program [Line Items]
Maximum amount	$ 50,000,000
Threshold period to cancel trade accounts receivable sale agreement before automatic extension	15 days
G
Trade Accounts Receivable Securitization and Sale Program [Line Items]
Maximum amount	$ 100,000,000
Threshold period to cancel trade accounts receivable sale agreement before automatic extension	30 days
H
Trade Accounts Receivable Securitization and Sale Program [Line Items]
Maximum amount	$ 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	$ 550,000,000
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	$ 135,000,000
Threshold period to cancel trade accounts receivable sale agreement before automatic extension	30 days
K
Trade Accounts Receivable Securitization and Sale Program [Line Items]
Maximum amount | SFr			SFr 100,000,000
Threshold period to cancel trade accounts receivable sale agreement before automatic extension	30 days

Trade Accounts Receivable Sal_4

Trade Accounts Receivable Sale Programs (Trade Accounts Receivable Sale Programs Amounts Recognized) (Details) - Trade Accounts Receivable Sale Programs - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	May 31, 2021	May 31, 2020	May 31, 2021	May 31, 2020
Trade Accounts Receivable Securitization and Sale Program [Line Items]
Trade accounts receivable sold	$ 1,016	$ 2,162	$ 3,567	$ 6,325
Cash proceeds received	1,015	2,158	3,565	6,311
Pre-tax losses on sale of receivables	$ 1	$ 4	$ 2	$ 14

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	May 31, 2021	Aug. 31, 2020
Inventory Disclosure [Abstract]
Raw materials	$ 2,806,761	$ 2,389,719
Work in process	646,132	450,781
Finished goods	598,976	376,542
Reserve for excess and obsolete inventory	(72,540)	(85,259)
Inventories, net	$ 3,979,329	$ 3,131,783

Notes Payable and Long-Term D_3

Notes Payable and Long-Term Debt (Schedule of Notes Payable and Long-term Debt) (Details) - USD ($)	Apr. 28, 2021	Apr. 14, 2021	May 31, 2021	Apr. 27, 2021	Aug. 31, 2020
Debt Instrument [Line Items]
Long-term debt			$ 2,926,767,000		$ 2,728,482,000
Less current installments of notes payable and long-term debt			50,168,000		50,194,000
Notes payable and long-term debt, less current installments			$ 2,876,599,000		2,678,288,000
Senior Notes | 4.700% Senior Notes
Debt Instrument [Line Items]
Senior notes, stated interest rate (as a percent)			4.70%
Long-term debt			$ 499,150,000		498,659,000
Senior Notes | 4.900% Senior Notes
Debt Instrument [Line Items]
Senior notes, stated interest rate (as a percent)			4.90%
Long-term debt			$ 299,482,000		299,300,000
Senior Notes | 3.950% Senior Notes
Debt Instrument [Line Items]
Senior notes, stated interest rate (as a percent)			3.95%
Long-term debt			$ 495,902,000		495,440,000
Senior Notes | 3.600% Senior Notes
Debt Instrument [Line Items]
Senior notes, stated interest rate (as a percent)			3.60%
Long-term debt			$ 495,146,000		494,756,000
Senior Notes | 3.000% Senior Notes
Debt Instrument [Line Items]
Senior notes, stated interest rate (as a percent)			3.00%
Long-term debt			$ 590,944,000		590,162,000
Senior Notes | 1.700% Senior Notes
Debt Instrument [Line Items]
Senior notes, stated interest rate (as a percent)		1.70%	1.70%
Long-term debt			$ 495,560,000		0
Debt issuance		$ 500,000,000
Senior Notes | Repayment Of The Term Loan Facility
Debt Instrument [Line Items]
Repayments of term loan facility		$ 300,000,000
Line of Credit | Revolving Credit Facility
Debt Instrument [Line Items]
Long-term debt			0		0
Debt term	3 years
Maximum borrowing capacity	$ 1,200,000,000			$ 700,000,000
Unused borrowing capacity			3,800,000,000
Line of Credit | Revolving Credit Facility | Credit Facility Expires On January 2024
Debt Instrument [Line Items]
Debt term	3 years
Line of Credit | Revolving Credit Facility | Credit Facility Expires On January 2026
Debt Instrument [Line Items]
Debt term	5 years
Maximum borrowing capacity	$ 2,000,000,000
Line of Credit | Term Loan Facility
Debt Instrument [Line Items]
Long-term debt			50,583,000		$ 350,165,000
Line of Credit | Commercial Paper
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 1,800,000,000

Notes Payable and Long-Term D_4

Notes Payable and Long-Term Debt (Additional Information) (Details) - Senior Notes	May 31, 2021	Apr. 14, 2021
4.900% Senior Notes
Debt Instrument [Line Items]
Senior notes, stated interest rate (as a percent)	4.90%
4.700% Senior Notes
Debt Instrument [Line Items]
Senior notes, stated interest rate (as a percent)	4.70%
3.950% Senior Notes
Debt Instrument [Line Items]
Senior notes, stated interest rate (as a percent)	3.95%
3.600% Senior Notes
Debt Instrument [Line Items]
Senior notes, stated interest rate (as a percent)	3.60%
3.000% Senior Notes
Debt Instrument [Line Items]
Senior notes, stated interest rate (as a percent)	3.00%
1.700% Senior Notes
Debt Instrument [Line Items]
Senior notes, stated interest rate (as a percent)	1.70%	1.70%

Asset-Backed Securitization P_3

Asset-Backed Securitization Programs (Additional Information) (Details)	May 31, 2021USD ($)
Non-US | Asset-backed Securities
Trade Accounts Receivable Securitization and Sale Program [Line Items]
Liability obligations under the guarantee	$ 0

Asset-Backed Securitization P_4

Asset-Backed Securitization Programs (Asset-Backed Securitization Programs and Key Terms) (Details) - USD ($)	Jun. 28, 2021	May 31, 2021
Asset-Backed Securitization Programs [Line Items]
Available liquidity under its asset-backed securitization programs (up to)		$ 148,500,000
Subsequent event
Asset-Backed Securitization Programs [Line Items]
Payment for previously transferred receivables	$ 167,000,000
North American
Asset-Backed Securitization Programs [Line Items]
Maximum amount of net cash proceeds		390,000,000
Foreign
Asset-Backed Securitization Programs [Line Items]
Maximum amount of net cash proceeds		$ 400,000,000

Asset-Backed Securitization P_5

Asset-Backed Securitization Programs (Securitization Activity) (Details) - Asset-Backed Securitization Programs - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	May 31, 2021	May 31, 2020	May 31, 2021	May 31, 2020
Trade Accounts Receivable Securitization and Sale Program [Line Items]
Trade accounts receivable sold	$ 1,074	$ 948	$ 3,388	$ 3,205
Cash proceeds received	1,072	944	3,381	3,189
Pre-tax losses on sale of receivables	$ 2	$ 4	$ 7	$ 16

Accrued Expenses (Details)

Accrued Expenses (Details) - USD ($) $ in Thousands	9 Months Ended
	May 31, 2021	May 31, 2020	Aug. 31, 2020
Accrued Liabilities, Current [Abstract]
Contract liabilities	$ 512,131		$ 496,219
Accrued compensation and employee benefits	762,551		703,250
Other accrued expenses	2,215,798		2,012,059
Accrued expenses	3,490,480		$ 3,211,528
Revenue recognized during period that was included in contract liability balance	$ 306,000	$ 260,900

Postretirement and Other Empl_3

Postretirement and Other Employee Benefits (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	May 31, 2021	May 31, 2020	May 31, 2021	May 31, 2020
Retirement Benefits [Abstract]
Service cost	$ 6,278	$ 6,701	$ 18,809	$ 17,802
Interest cost	1,172	755	3,469	2,327
Expected long-term return on plan assets	(3,897)	(3,741)	(11,746)	(10,316)
Recognized actuarial (gain) loss	(1,230)	225	(3,743)	674
Amortization of actuarial gains	(1,715)	0	(5,205)	0
Amortization of prior service credit	(13)	(11)	(39)	(33)
Net periodic benefit cost	$ 595	$ 3,929	$ 1,545	$ 10,454

Derivative Financial Instrume_3

Derivative Financial Instruments and Hedging Activities (Additional Information) (Details) - USD ($)	May 31, 2021	Aug. 31, 2020
3.000% Senior Notes | Senior Notes
Derivative [Line Items]
Senior notes, stated interest rate (as a percent)	3.00%
Interest rate swaps | Cash flow hedging | 3.000% Senior Notes
Derivative [Line Items]
Aggregate notional amount	$ 200,000,000
Forward contracts | Cash flow hedging
Derivative [Line Items]
Aggregate notional amount	3,300,000,000	$ 2,900,000,000
Forward contracts | Forward foreign exchange contracts
Derivative [Line Items]
Aggregate notional amount	$ 1,000,000,000	$ 355,200,000

Derivative Financial Instrume_4

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		9 Months Ended
	May 31, 2021	May 31, 2020	May 31, 2021	May 31, 2020
Derivative Instruments, Gain (Loss) [Line Items]
Foreign currency (losses) gains	$ (21,500)	$ 36,900	$ (120,600)	$ 400
Forward foreign exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Net Income on Derivatives	$ 27,212	$ (36,955)	$ 147,655	$ (3,436)

Derivative Financial Instrume_5

Derivative Financial Instruments and Hedging Activities (Cash Flow Hedges) (Details) - Cash flow hedging - Forward contracts - USD ($)	May 31, 2021	Aug. 31, 2020
Derivative [Line Items]
Aggregate notional amount	$ 3,300,000,000	$ 2,900,000,000
Interest rate swaps | Debt obligation one
Derivative [Line Items]
Aggregate notional amount	250,000,000
Interest rate swaps | Debt obligation two
Derivative [Line Items]
Aggregate notional amount	$ 150,000,000

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive (Loss) Income (Change in AOCI, Net of Tax) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	May 31, 2021	May 31, 2020	May 31, 2021	May 31, 2020
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance	$ 2,101,942	$ 1,759,140	$ 1,825,399	$ 1,900,758
Other comprehensive income (loss) before reclassifications			89,470
Amounts reclassified from AOCI			(40,580)
Total other comprehensive income (loss)	18,992	(46,460)	48,890	(66,609)
Ending Balance	2,138,960	1,645,304	2,138,960	1,645,304
Foreign Currency Translation Adjustment
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance			(36,595)
Other comprehensive income (loss) before reclassifications			25,613
Amounts reclassified from AOCI			0
Total other comprehensive income (loss)			25,613
Ending Balance	(10,982)		(10,982)
Derivative Instruments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance			(30,996)
Other comprehensive income (loss) before reclassifications			64,113
Amounts reclassified from AOCI			(40,580)
Total other comprehensive income (loss)			23,533
Ending Balance	(7,463)		(7,463)
Actuarial Loss
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance			34,093
Other comprehensive income (loss) before reclassifications			(256)
Amounts reclassified from AOCI			0
Total other comprehensive income (loss)			(256)
Ending Balance	33,837		33,837
Prior Service Cost
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance			(670)
Other comprehensive income (loss) before reclassifications			0
Amounts reclassified from AOCI			0
Total other comprehensive income (loss)			0
Ending Balance	(670)		(670)
AOCI Attributable to Parent
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance	(4,270)	(102,943)	(34,168)	(82,794)
Total other comprehensive income (loss)	18,992	(46,460)	48,890	(66,609)
Ending Balance	$ 14,722	$ (149,403)	$ 14,722	$ (149,403)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive (Loss) Income (Reclassification from AOCI) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	May 31, 2021	May 31, 2020	May 31, 2021	May 31, 2020
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of revenue	$ (6,646,845)	$ (5,879,494)	$ (20,103,436)	$ (18,526,311)
Interest expense	(33,803)	(41,873)	(97,175)	(132,967)
Income before income tax	213,295	13,773	707,240	145,490
Gain (loss) to be reclassified in next 12 months			7,900
Income tax expense	43,277	64,036	183,861	157,620
Reclassification out of AOCI | Realized losses (gain) on derivative instruments
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Income before income tax	(3,495)	16,020	(40,580)	19,355
Reclassification out of AOCI | Realized losses (gain) on derivative instruments | Foreign exchange contracts
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of revenue	(4,309)	16,451	(43,021)	20,648
Reclassification out of AOCI | Realized losses (gain) on derivative instruments | Interest rate contracts
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Interest expense	814	(431)	2,441	(1,293)
Reclassification out of AOCI | Accumulated Gain (Loss), Cash Flow Hedge, Including Noncontrolling Interest
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Income tax expense	$ 0	$ 0	$ 0	$ 0

Stockholders' Equity (Recognize

Stockholders' Equity (Recognized Stock-Based Compensation) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	May 31, 2021	May 31, 2020	May 31, 2021	May 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 18,765	$ 16,882	$ 76,119	$ 62,214
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	15,956	14,299	67,553	54,783
Employee stock purchase plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 2,809	$ 2,583	$ 8,566	$ 7,431

Stockholders' Equity (Additiona

Stockholders' Equity (Additional Information) (Details) - shares	9 Months Ended
	May 31, 2021	May 31, 2020
Time-based restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	3 years
Restricted stock units awarded (in shares)	1,200,000	1,100,000
Performance-based restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	3 years
Restricted stock units awarded (in shares)	400,000	300,000
Performance-based restricted stock units | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage	150.00%
Market-based restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	3 years
Restricted stock units awarded (in shares)	300,000	300,000
Market-based restricted stock units | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage	200.00%
2021 EIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available to be issued	10,965,250

Stockholders' Equity (Stock-bas

Stockholders' Equity (Stock-based Compensation Information) (Details) $ in Thousands	9 Months Ended
	May 31, 2021USD ($)
Share-based Payment Arrangement [Abstract]
Unrecognized stock-based compensation expense—restricted stock units	$ 45,840,000
Remaining weighted-average period for restricted stock units expense	1 year 4 months 24 days

Stockholders' Equity (Common St

Stockholders' Equity (Common Stock Outstanding) (Details) - USD ($)	1 Months Ended	3 Months Ended		9 Months Ended
	Sep. 30, 2019	May 31, 2021	May 31, 2020	May 31, 2021	May 31, 2020
Common stock outstanding:
Common stock outstanding, beginning balances (in shares)				150,330,358
Common stock outstanding, ending balance (in shares)		146,837,466		146,837,466
2020 Share Repurchase Program
Common stock outstanding:
Share repurchase program, amount authorized	$ 600,000,000
Capital allocation framework period	2 years
Number of shares repurchased (in shares)				11,900,000
Value of shares repurchased				$ 475,600,000
Share repurchase program, remaining amount available		$ 124,400,000		$ 124,400,000
Common stock
Common stock outstanding:
Common stock outstanding, beginning balances (in shares)	153,520,380	149,366,501	151,407,526	150,330,358	153,520,380
Shares issued upon exercise of stock options (in shares)		9,321	0	9,321	56,999
Shares issued under employee stock purchase plan (in shares)		0	0	771,548	595,717
Vesting of restricted stock (in shares)		12,787	13,234	2,253,923	2,252,846
Purchases of treasury stock under employee stock plans (in shares)		(3,436)	(2,808)	(613,715)	(619,931)
Treasury shares purchased (in shares)		(2,547,707)	(843,916)	(5,913,969)	(5,231,975)
Common stock outstanding, ending balance (in shares)		146,837,466	150,574,036	146,837,466	150,574,036

Concentration of Risk and Seg_3

Concentration of Risk and Segment Data (Additional Information) (Details)	9 Months Ended
	May 31, 2021country
Revenue, Major Customer [Line Items]
Number of operating countries	31
Net Revenue | Customer Concentration Risk | Five Largest Customers
Revenue, Major Customer [Line Items]
Concentration risk, percentage	47.00%
Net Revenue | Customer Concentration Risk | 75 Customers
Revenue, Major Customer [Line Items]
Concentration risk, percentage	90.00%

Concentration of Risk and Seg_4

Concentration of Risk and Segment Data (Revenues Disaggregated by Segment) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	May 31, 2021	May 31, 2020	May 31, 2021	May 31, 2020
Disaggregation of Revenue [Line Items]
Net revenue	$ 7,214,645	$ 6,335,642	$ 21,875,721	$ 19,966,423
Point in time
Disaggregation of Revenue [Line Items]
Net revenue	2,787,342	2,343,989	8,685,418	7,732,829
Over time
Disaggregation of Revenue [Line Items]
Net revenue	4,427,303	3,991,653	13,190,303	12,233,594
EMS
Disaggregation of Revenue [Line Items]
Net revenue	3,642,992	3,387,289	10,415,521	10,367,040
EMS | Point in time
Disaggregation of Revenue [Line Items]
Net revenue	1,346,207	958,786	3,222,365	3,323,119
EMS | Over time
Disaggregation of Revenue [Line Items]
Net revenue	2,296,785	2,428,503	7,193,156	7,043,921
DMS
Disaggregation of Revenue [Line Items]
Net revenue	3,571,653	2,948,353	11,460,200	9,599,383
DMS | Point in time
Disaggregation of Revenue [Line Items]
Net revenue	1,441,135	1,385,203	5,463,053	4,409,710
DMS | Over time
Disaggregation of Revenue [Line Items]
Net revenue	$ 2,130,518	$ 1,563,150	$ 5,997,147	$ 5,189,673

Concentration of Risk and Seg_5

Concentration of Risk and Segment Data (Segment Income) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	May 31, 2021	May 31, 2020	May 31, 2021	May 31, 2020
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income	$ 213,295	$ 13,773	$ 707,240	$ 145,490
Reconciling items:
Amortization of intangibles	(12,066)	(13,178)	(35,160)	(42,895)
Stock-based compensation expense and related charges	(18,765)	(16,882)	(76,119)	(62,214)
Restructuring, severance and related charges	(744)	(69,150)	(5,655)	(144,005)
Interest income	1,563	1,864	5,099	13,144
Interest expense	(33,803)	(41,873)	(97,175)	(132,967)
Operating Segments
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income	276,883	172,084	926,426	608,847
Operating Segments | EMS
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income	137,119	97,824	357,214	259,679
Reconciling items:
Restructuring, severance and related charges	0	(23,700)	400	(55,800)
Operating Segments | DMS
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income	139,764	74,260	569,212	349,168
Reconciling items:
Restructuring, severance and related charges	(600)	(29,300)	(5,500)	(69,000)
Reconciling items:
Reconciling items:
Amortization of intangibles	(12,066)	(13,178)	(35,160)	(42,895)
Stock-based compensation expense and related charges	(18,765)	(16,882)	(76,119)	(62,214)
Restructuring, severance and related charges	(744)	(69,150)	(5,655)	(144,005)
Distressed customer charge	0	0	0	(14,963)
Business interruption and impairment charges, net	0	(4,574)	806	(4,574)
Acquisition and integration charges	0	(6,119)	(3,374)	(30,005)
Gain (impairment) on securities	2,409	0	2,409	(12,205)
Other expense (net of periodic benefit cost)	(2,182)	(8,399)	(10,017)	(32,673)
Interest income	1,563	1,864	5,099	13,144
Interest expense	$ (33,803)	$ (41,873)	$ (97,175)	$ (132,967)

Concentration of Risk and Seg_6

Concentration of Risk and Segment Data (Segment Assets) (Details) - USD ($) $ in Thousands	May 31, 2021	Aug. 31, 2020
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	$ 15,740,708	$ 14,397,416
Operating Segments | EMS
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	3,900,421	3,233,681
Operating Segments | DMS
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	7,261,735	6,641,764
Other non-allocated assets
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	$ 4,578,552	$ 4,521,971

Concentration of Risk and Seg_7

Concentration of Risk and Segment Data (Foreign Source Revenue) (Details)	3 Months Ended		9 Months Ended
	May 31, 2021	May 31, 2020	May 31, 2021	May 31, 2020
Foreign source revenue | Net Revenue | Geographic Concentration Risk
Concentration Risk [Line Items]
Concentration risk, percentage	82.70%	83.40%	83.60%	82.60%

Restructuring, Severance and _3

Restructuring, Severance and Related Charges (Summary) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	May 31, 2021	May 31, 2020	May 31, 2021	May 31, 2020
Restructuring Cost and Reserve [Line Items]
Restructuring, severance and related charges	$ 744	$ 69,150	$ 5,655	$ 144,005
Operating Segments | EMS
Restructuring Cost and Reserve [Line Items]
Restructuring, severance and related charges	0	23,700	(400)	55,800
Operating Segments | DMS
Restructuring Cost and Reserve [Line Items]
Restructuring, severance and related charges	600	29,300	5,500	69,000
Other non-allocated assets
Restructuring Cost and Reserve [Line Items]
Restructuring, severance and related charges	100	16,200	600	19,200
Employee severance and benefit costs
Restructuring Cost and Reserve [Line Items]
Restructuring, severance and related charges	483	56,891	3,191	83,684
Lease costs
Restructuring Cost and Reserve [Line Items]
Restructuring, severance and related charges	0	402	(2,873)	6,870
Asset write-off costs
Restructuring Cost and Reserve [Line Items]
Restructuring, severance and related charges	8	6,253	4,598	31,678
Other costs
Restructuring Cost and Reserve [Line Items]
Restructuring, severance and related charges	$ 253	$ 5,604	$ 739	$ 21,773

Restructuring, Severance and _4

Restructuring, Severance and Related Charges (Additional Information) (Details) - USD ($) $ in Thousands	May 31, 2021	Aug. 31, 2020
Reduction of Worldwide Workforce | Employee severance and benefit costs
Restructuring Cost and Reserve [Line Items]
Restructuring liability	$ 14,000
2020 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Total pre-tax restructuring and other related costs expected to be recognized	85,000
Restructuring liability	4,856	$ 10,885
2020 Restructuring Plan | Employee severance and benefit costs
Restructuring Cost and Reserve [Line Items]
Restructuring liability	$ 3,775	$ 8,143

Restructuring, Severance and _5

Restructuring, Severance and Related Charges (Liability Activity) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	May 31, 2021	May 31, 2020	May 31, 2021	May 31, 2020
Restructuring Reserve [Roll Forward]
Restructuring related charges	$ 744	$ 69,150	$ 5,655	$ 144,005
Employee Severance and Benefit Costs
Restructuring Reserve [Roll Forward]
Restructuring related charges	483	56,891	3,191	83,684
Lease Costs
Restructuring Reserve [Roll Forward]
Restructuring related charges	0	402	(2,873)	6,870
Asset Write-off Costs
Restructuring Reserve [Roll Forward]
Restructuring related charges	8	6,253	4,598	31,678
Other Related Costs
Restructuring Reserve [Roll Forward]
Restructuring related charges	253	$ 5,604	739	$ 21,773
2020 Restructuring Plan
Restructuring Reserve [Roll Forward]
Balance as of August 31, 2020			10,885
Restructuring related charges			4,934
Asset write-off charge and other non-cash activity			(2,928)
Cash payments			(8,035)
Balance as of May 31, 2021	4,856		4,856
2020 Restructuring Plan | Employee Severance and Benefit Costs
Restructuring Reserve [Roll Forward]
Balance as of August 31, 2020			8,143
Restructuring related charges			2,722
Asset write-off charge and other non-cash activity			12
Cash payments			(7,102)
Balance as of May 31, 2021	3,775		3,775
2020 Restructuring Plan | Lease Costs
Restructuring Reserve [Roll Forward]
Balance as of August 31, 2020			2,316
Restructuring related charges			(2,873)
Asset write-off charge and other non-cash activity			1,554
Cash payments			(170)
Balance as of May 31, 2021	827		827
2020 Restructuring Plan | Asset Write-off Costs
Restructuring Reserve [Roll Forward]
Balance as of August 31, 2020			0
Restructuring related charges			4,352
Asset write-off charge and other non-cash activity			(4,352)
Cash payments			0
Balance as of May 31, 2021	0		0
2020 Restructuring Plan | Other Related Costs
Restructuring Reserve [Roll Forward]
Balance as of August 31, 2020			426
Restructuring related charges			733
Asset write-off charge and other non-cash activity			(142)
Cash payments			(763)
Balance as of May 31, 2021	$ 254		$ 254

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	May 31, 2021	May 31, 2020	May 31, 2021	May 31, 2020
Income Tax Disclosure [Abstract]
U.S. federal statutory income tax rate	21.00%	21.00%	21.00%	21.00%
Effective income tax rate	20.30%	465.00%	26.00%	108.30%
Income tax expense associated with remeasurement of referred tax assets		$ 21.2

Earnings Per Share and Divide_3

Earnings Per Share and Dividends (Earnings Per Share) (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	May 31, 2021	May 31, 2020	May 31, 2021	May 31, 2020
Restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Common shares excluded from computation of diluted earnings per share (in shares)	665	3,717	665	3,379
Employee stock purchase plan
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Common shares excluded from computation of diluted earnings per share (in shares)	0	57	0	92
Stock appreciation rights
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Common shares excluded from computation of diluted earnings per share (in shares)	0	5	0	28

Earnings Per Share and Divide_4

Earnings Per Share and Dividends (Dividends) (Details) - USD ($) $ / shares in Units, $ in Thousands	Apr. 22, 2021	Jan. 21, 2021	Oct. 15, 2020	Apr. 15, 2020	Jan. 23, 2020	Oct. 17, 2019
Earnings Per Share [Abstract]
Dividend per Share (in dollars per share)	$ 0.08	$ 0.08	$ 0.08	$ 0.08	$ 0.08	$ 0.08
Total of Cash Dividends Declared	$ 12,169	$ 12,371	$ 12,417	$ 12,452	$ 12,517	$ 12,647

Business Acquisitions (Details)

Business Acquisitions (Details) - JJMD $ in Millions	Oct. 26, 2020USD ($)
Business Acquisition [Line Items]
Amount of cash paid for business acquisitions	$ 18.9
Assets acquired	29.8
Liabilities assumed	$ 10.9

Fair Value Measurements (Fair V

Fair Value Measurements (Fair Value Measurements on a Recurring Basis) (Details) - Recurring - USD ($) $ in Thousands	May 31, 2021	Aug. 31, 2020
Level 1 | Cash equivalents
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash equivalents	$ 17,839	$ 33,869
Level 1 | Prepaid expenses and other current assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term investments	17,216	16,556
Level 2 | Prepaid expenses and other current assets | Designated as Hedging Instruments | Foreign exchange contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative asset	19,089	11,201
Level 2 | Prepaid expenses and other current assets | Not Designated as Hedging Instruments | Foreign exchange contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative asset	60,944	58,893
Level 2 | Other assets | Designated as Hedging Instruments | Interest rate swaps
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative asset	18,772	0
Level 2 | Accrued expenses | Designated as Hedging Instruments | Foreign exchange contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative liability	1,527	1,522
Level 2 | Accrued expenses | Not Designated as Hedging Instruments | Foreign exchange contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative liability	8,023	9,100
Level 2 | Accrued expenses | Not Designated as Hedging Instruments | Interest rate swaps
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative liability	8,276	540
Extended interest rate swap not designated as a hedging instrument	17,809	26,492
Level 2 | Other liabilities | Designated as Hedging Instruments | Interest rate swaps | Forward contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative liability	546	0
Level 2 | Other liabilities | Not Designated as Hedging Instruments | Interest rate swaps
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative liability	0	329
Extended interest rate swap not designated as a hedging instrument	$ 0	$ 13,111

Fair Value Measurements (Assets

Fair Value Measurements (Assets Held For Sale Measured At Fair Value) (Details) - Nonrecurring - USD ($) $ in Thousands	May 31, 2021	Aug. 31, 2020
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets held for sale, assets with fair value exceeding carrying value	$ 30,100
Level 2
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets held for sale, assets with carrying value approximating fair value	30,500
Carrying Amount | Level 2
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets held for sale	$ 60,580	$ 67,380

Fair Value Measurements (Fair_2

Fair Value Measurements (Fair Value of Financial Instruments) (Details) - USD ($) $ in Thousands	May 31, 2021	Apr. 14, 2021	Aug. 31, 2020
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable and long-term debt	$ 2,926,767		$ 2,728,482
Senior Notes | 4.700% Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior notes, stated interest rate (as a percent)	4.70%
Notes payable and long-term debt	$ 499,150		498,659
Senior Notes | 4.700% Senior Notes | Level 2 | Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable and long-term debt	499,150		498,659
Senior Notes | 4.700% Senior Notes | Level 2 | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable and long-term debt	$ 527,780		537,180
Senior Notes | 4.900% Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior notes, stated interest rate (as a percent)	4.90%
Notes payable and long-term debt	$ 299,482		299,300
Senior Notes | 4.900% Senior Notes | Level 3 | Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable and long-term debt	299,482		299,300
Senior Notes | 4.900% Senior Notes | Level 3 | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable and long-term debt	$ 325,411		329,435
Senior Notes | 3.950% Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior notes, stated interest rate (as a percent)	3.95%
Notes payable and long-term debt	$ 495,902		495,440
Senior Notes | 3.950% Senior Notes | Level 2 | Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable and long-term debt	495,902		495,440
Senior Notes | 3.950% Senior Notes | Level 2 | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable and long-term debt	$ 555,460		551,930
Senior Notes | 3.600% Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior notes, stated interest rate (as a percent)	3.60%
Notes payable and long-term debt	$ 495,146		494,756
Senior Notes | 3.600% Senior Notes | Level 2 | Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable and long-term debt	495,146		494,756
Senior Notes | 3.600% Senior Notes | Level 2 | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable and long-term debt	$ 538,850		536,110
Senior Notes | 3.000% Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior notes, stated interest rate (as a percent)	3.00%
Notes payable and long-term debt	$ 590,944		590,162
Senior Notes | 3.000% Senior Notes | Level 2 | Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable and long-term debt	590,944		590,162
Senior Notes | 3.000% Senior Notes | Level 2 | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable and long-term debt	$ 610,830		611,616
Senior Notes | 1.700% Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior notes, stated interest rate (as a percent)	1.70%	1.70%
Notes payable and long-term debt	$ 495,560		0
Senior Notes | 1.700% Senior Notes | Level 2 | Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable and long-term debt	495,560		0
Senior Notes | 1.700% Senior Notes | Level 2 | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable and long-term debt	$ 502,340		$ 0

Commitments and Contingencies_2

Commitments and Contingencies (Future Minimum Lease Payments under Operating and Finance Leases) (Details) $ in Thousands	May 31, 2021USD ($)
Operating Leases
Minimum lease payments	$ 92,963
Less than 1 year	20,728
1-3 years	38,034
3-5 years	23,929
After 5 years	10,272
Finance Leases
Minimum lease payments	83,737
Less than 1 year	44,759
1-3 years	29,230
3-5 years	7,397
After 5 years	2,351
Residual value guarantees	$ 154,900