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STOCK-BASED COMPENSATION (Tables)
 12 Months Ended
Aug. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-based Compensation Expense
The following table presents the stock-based compensation expense for the fiscal years presented:
Years Ended August 31,
(in thousands)
202520242023
Stock-based compensation expense
$61,229 $63,501 $62,038 
Schedule of Stock Option Activity
A summary of stock option activity is as follows:
Number Outstanding (thousands)
Weighted Average
Exercise Price Per Share		Weighted Average Grant Date Fair Value
Aggregate Intrinsic Value (millions)(1)
Weighted Average Remaining Contractual Life (years)
Outstanding as of August 31, 20222,089 $253.85 
Granted – employees268 $426.22 $125.57 
Granted – non-employee directors5 $428.70 $128.84 
Exercised(2)
(318)$181.67 
Forfeited(56)$373.04 
Outstanding as of August 31, 20231,988 $285.95 
Granted – employees243 $436.61 $132.59 
Granted – non-employee directors6 $462.23 $132.78 
Exercised(2)
(376)$213.62 
Forfeited(38)$404.47 
Outstanding as of August 31, 20241,823 $319.07 
Granted – employees203 $459.17 $133.21 
Granted – non-employee directors6 $453.98 $144.90 
Exercised(2)
(300)$239.69 
Forfeited(47)$427.76 
Outstanding as of August 31, 20251,685 
(3)
$347.50 $101.1 5.6
Options vested and exercisable as of August 31, 20251,018 $293.48 $97.7 4.2
Options expected to vest as of August 31, 2025
615 $428.64 $3.4 7.6
(1)The aggregate intrinsic value represents the difference between our closing stock price as of August 29, 2025 of $373.32 and the exercise price, multiplied by the number of options exercisable as of that date.
(2)The total pre-tax intrinsic value of stock options exercised during fiscal 2025, 2024 and 2023 was $66.5 million, $89.5 million and $77.5 million, respectively.
(3)As of August 31, 2025, 1,685,011 shares underlying the stock option awards were unvested and outstanding, resulting in unamortized stock-based compensation expense of $48.4 million that is expected to be recognized over the remaining weighted average vesting period of 2.9 years.
Schedule of Weighted Average Assumptions used for Options
The following table presents the weighted average inputs used in the binomial model to estimate the grant-date fair value of the employee stock options granted:
202520242023
Stock options granted(1)
203,114243,379268,185
Risk-free interest rate
4.31% - 4.87%
3.78% - 5.53%
3.37% - 5.05%
Expected life (years)6.66.66.6
Expected volatility
23% - 25%
19% - 25%
24% - 25%
Dividend yield0.95 %0.90 %0.83 %
(1) Includes the annual employee grant on November 1, 2024, November 1, 2023 and November 1, 2022 of 200,693, 242,371 and 266,051 stock options, respectively. The majority of the stock options granted, including the annual employee grants, vest 20% annually on the anniversary date of the grant and are fully vested after five years, expiring ten years from the date of grant.
Schedule of Restricted Stock Awards Activity
A summary of Restricted Stock Award activity is as follows:
(in thousands, except per award data)Number OutstandingWeighted Average Grant
Date Fair Value Per Award
Balance at August 31, 2022233 $338.87 
Granted – employee Restricted Stock Awards(1)
97 $416.58 
Performance adjustment – employee PSUs(2)
9 $245.67 
Granted – non-employee directors RSUs2 $425.06 
Vested(4)
(83)$291.80 
Forfeited(14)$369.71 
Balance at August 31, 2023244 $381.15 
Granted – employee Restricted Stock Awards(1)
111 $423.57 
Performance adjustment – employee PSUs(2)
14 $306.33 
Granted – non-employee directors RSUs2 $458.23 
Vested(4)
(95)$330.00 
Forfeited(14)$405.37 
Balance at August 31, 2024262 $412.47 
Granted – employee Restricted Stock Awards(1)
127 $444.30 
Performance adjustment – employee PSUs(2)
7 $424.01 
Granted – non-employee directors RSUs
3 $449.72 
Vested(4)
(89)$403.43 
Forfeited
(17)$420.83 
Outstanding as of August 31, 2025293 
(3)
$429.19 
(1)During fiscal 2025, 2024 and 2023, we granted 92,840 RSUs and 34,479 PSUs; 74,456 RSUs and 37,008 PSUs; and 63,009 RSUs and 34,482 PSUs, respectively.
(2)Additional PSUs were granted during fiscal 2025, 2024 and 2023 based on performance above the specified target level of achievement for PSUs granted on November 1, 2021, November 9, 2020 and November 1, 2019, respectively.
(3)As of August 31, 2025, 292,716 shares underlying the Restricted Stock Awards were unvested and outstanding, which resulted in unamortized stock-based compensation expense of $70.9 million that is expected to be recognized over the remaining weighted average vesting period of 2.9 years.
(4)During fiscal 2025, 2024 and 2023, the total fair value of RSUs vested was $21.7 million, $17.7 million and $14.5 million, respectively, and for PSUs vested was $14.4 million, $13.6 million and $9.8 million, respectively.