BORROWINGS AND INDEBTEDNESS (Tables)

12 Months Ended

Aug. 31, 2017

Amounts of Borrowing Facilities and Borrowings Under Facilities, Table

August 31, 2017, the Company had the following borrowing facilities, including the issuance of letters of credit, to support general working capital purposes:



	Facility Amount		Borrowings Under Facilities
Syndicated loan facility (1)	$	1,000,000	$	—
Separate, uncommitted, unsecured multicurrency revolving credit facilities (2)	506,611		—
Local guaranteed and non-guaranteed lines of credit (3)	234,601		—
Total	$	1,741,212	$	—

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(1)

This facility, which matures on December 22, 2020, provides unsecured, revolving borrowing capacity for general working capital purposes, including the issuance of letters of credit. Financing is provided under this facility at the prime rate or at the London Interbank Offered Rate, plus a spread. The Company continues to be in compliance with relevant covenant terms. The facility is subject to annual commitment fees. As of August 31, 2017 and 2016, the Company had no borrowings under the facility.


(2)	The Company maintains separate, uncommitted and unsecured multicurrency revolving credit facilities. These facilities provide local currency financing for the majority of the Company’s operations. Interest rate terms on the revolving facilities are at market rates prevailing in the relevant local markets. As of August 31, 2017 and 2016, the Company had no borrowings under these facilities.


(3)	The Company also maintains local guaranteed and non-guaranteed lines of credit for those locations that cannot access the Company’s global facilities. As of August 31, 2017 and 2016, the Company had no borrowings under these various facilities.