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RETIREMENT AND PROFIT SHARING PLANS (Tables)
12 Months Ended
Aug. 31, 2017
Retirement Benefits [Abstract]  
Schedule of Weighted-Average Assumptions Used to Determine the Fiscal Year-End Pension Benefit
 
Pension Plans
 
Postretirement Plans
 
August 31,
2017
 
August 31,
2016
 
August 31,
2015
 
August 31, 2017
 
August 31, 2016
 
August 31, 2015
 
U.S.
Plans
 
Non-U.S. Plans
 
U.S. 
Plans
 
Non-U.S. Plans
 
U.S. 
Plans
 
Non-U.S. Plans
 
U.S. and Non-U.S. Plans
 
U.S. and Non-U.S. Plans
 
U.S. and Non-U.S. Plans
Discount rate for determining projected benefit obligation
3.75
%
 
2.83
%
 
3.50
%
 
2.40
%
 
4.50
%
 
3.47
%
 
3.73
%
 
3.51
%
 
4.46
%
Discount rate for determining net periodic pension expense
3.50
%
 
2.40
%
 
4.50
%
 
3.47
%
 
4.25
%
 
3.53
%
 
3.51
%
 
4.46
%
 
4.25
%
Long term rate of return on plan assets
4.25
%
 
3.52
%
 
4.75
%
 
3.99
%
 
5.50
%
 
4.55
%
 
4.13
%
 
4.54
%
 
5.05
%
Rate of increase in future compensation for determining projected benefit obligation
2.25
%
 
3.63
%
 
2.57
%
 
3.47
%
 
3.65
%
 
3.56
%
 
N/A

 
N/A

 
N/A

Rate of increase in future compensation for determining net periodic pension expense
2.57
%
 
3.47
%
 
3.60
%
 
3.56
%
 
3.65
%
 
3.75
%
 
N/A

 
N/A

 
N/A

Schedule of Changes in Benefit Obligation, Plan Assets and Funded Status
2017 and 2016 were as follows:
 
Pension Plans
 
Postretirement Plans
 
August 31,
2017
 
August 31,
2016
 
August 31, 2017
 
August 31, 2016
 
U.S. Plans
 
Non-U.S. Plans
 
U.S. Plans
 
Non-U.S. Plans
 
U.S. and Non-U.S. Plans
 
U.S. and Non-U.S. Plans
Reconciliation of benefit obligation
 
 
 
 
 
 
 
 
 
 
 
Benefit obligation, beginning of year
$
2,030,006

 
$
1,758,110

 
$
1,635,744

 
$
1,439,225

 
$
500,964

 
$
403,095

Service cost
7,380

 
82,727

 
7,305

 
72,502

 
19,898

 
18,565

Interest cost
48,354

 
36,906

 
63,470

 
43,827

 
15,270

 
15,618

Participant contributions

 
11,832

 

 
9,857

 

 

Acquisitions/divestitures/transfers

 
15,664

 

 
41,719

 

 

Amendments

 
(847
)
 

 
(1,561
)
 

 

Curtailment

 

 

 
(689
)
 

 
84

Pension settlement
(1,612,824
)
 

 

 

 

 

Special termination benefits

 

 

 
1,332

 

 

Actuarial (gain) loss
(80,507
)
 
(76,066
)
 
371,294

 
261,252

 
5,084

 
74,213

Benefits paid
(49,546
)
 
(47,233
)
 
(47,807
)
 
(52,549
)
 
(13,047
)
 
(11,143
)
Exchange rate impact

 
35,369

 

 
(56,805
)
 
1,511

 
532

Benefit obligation, end of year
$
342,863

 
$
1,816,462

 
$
2,030,006

 
$
1,758,110

 
$
529,680

 
$
500,964

Reconciliation of fair value of plan assets
 
 
 
 
 
 
 
 
 
 
 
Fair value of plan assets, beginning of year
$
1,801,435

 
$
1,081,154

 
$
1,596,186

 
$
982,471

 
$
27,130

 
$
24,643

Actual return on plan assets
(63,919
)
 
42,417

 
242,112

 
97,638

 
(38
)
 
3,856

Acquisitions/divestitures/transfers

 
818

 

 
24,052

 

 

Employer contributions
129,483

 
67,300

 
10,944

 
71,046

 
12,496

 
9,774

Participant contributions

 
11,832

 

 
9,857

 

 

Pension settlement
(1,612,824
)
 

 

 

 

 

Benefits paid
(49,546
)
 
(47,233
)
 
(47,807
)
 
(52,549
)
 
(13,047
)
 
(11,143
)
Exchange rate impact

 
(2,160
)
 

 
(51,361
)
 

 

Fair value of plan assets, end of year
$
204,629

 
$
1,154,128

 
$
1,801,435

 
$
1,081,154

 
$
26,541

 
$
27,130

Funded status, end of year
$
(138,234
)
 
$
(662,334
)
 
$
(228,571
)
 
$
(676,956
)
 
$
(503,139
)
 
$
(473,834
)
Amounts recognized in the Consolidated Balance Sheets
 
 
 
 
 
 
 
 
 
 
 
Non-current assets
$
2,127

 
$
64,461

 
$

 
$
59,335

 
$

 
$

Current liabilities
(11,047
)
 
(21,015
)
 
(11,091
)
 
(16,691
)
 
(1,659
)
 
(1,579
)
Non-current liabilities
(129,314
)
 
(705,780
)
 
(217,480
)
 
(719,600
)
 
(501,480
)
 
(472,255
)
Funded status, end of year
$
(138,234
)
 
$
(662,334
)
 
$
(228,571
)
 
$
(676,956
)
 
$
(503,139
)
 
$
(473,834
)
Schedule of Defined Benefit Plan in Accumulated Other Comprehensive Income (Loss)
August 31, 2017 and 2016 was as follows:
 
Pension Plans
 
Postretirement Plans
 
August 31,
2017
 
August 31,
2016
 
August 31,
2017
 
August 31,
2016
 
U.S. Plans
 
Non-U.S. 
Plans
 
U.S. Plans
 
Non-U.S. 
Plans
 
U.S. and Non-U.S. Plans
 
U.S. and Non-U.S. Plans
Net loss
$
112,015

 
$
386,428

 
$
592,873

 
$
480,408

 
$
142,197

 
$
143,777

Prior service (credit) cost

 
(5,222
)
 

 
(6,860
)
 
27,656

 
31,569

Accumulated other comprehensive loss, pre-tax
$
112,015

 
$
381,206

 
$
592,873

 
$
473,548

 
$
169,853

 
$
175,346

Schedule of Accumulated Benefit Obligation
August 31, 2017 and 2016 was as follows:
 
August 31,
2017
 
August 31,
2016
 
U.S. Plans
 
Non-U.S.
Plans
 
U.S. Plans
 
Non-U.S.
Plans
Accumulated benefit obligation
$
333,588

 
$
1,651,869

 
$
2,017,437

 
$
1,592,598

Schedule of Projected Benefit Obligation in Excess of Plan Assets
August 31, 2017 and 2016:
 
Pension Plans
 
Postretirement Plans
 
August 31,
2017
 
August 31,
2016
 
August 31,
2017
 
August 31,
2016
 
U.S. Plans
 
Non-U.S.
Plans
 
U.S. Plans
 
Non-U.S.
Plans
 
U.S. and Non-U.S. Plans
 
U.S. and Non-U.S. Plans
Projected benefit obligation in excess of plan assets
 
 
 
 
 
 
 
 
 
 
 
Projected benefit obligation
$
342,863

 
$
1,037,634

 
$
2,030,006

 
$
1,400,510

 
$
529,680

 
$
500,964

Fair value of plan assets
202,502

 
310,839

 
1,801,435

 
664,220

 
26,541

 
27,130

Schedule of Accumulated Benefit Obligation in Excess of Plan Assets
 
August 31,
2017
 
August 31,
2016
 
U.S. Plans
 
Non-U.S.
Plans
 
U.S. Plans
 
Non-U.S.
Plans
Accumulated benefit obligation in excess of plan assets
 
 
 
 
 
 
 
Accumulated benefit obligation
$
138,476

 
$
810,330

 
$
2,017,437

 
$
1,233,952

Fair value of plan assets

 
208,559

 
1,801,435

 
627,738

Schedule of Weighted-Average Plan Assets Allocation
2018 and weighted-average plan assets allocations as of August 31, 2017 and 2016 by asset category for defined benefit pension plans were as follows:
 
2018 Target
Allocation
 
2017
 
2016
 
U.S.
Plans
 
Non-U.S.
Plans
 
U.S.
Plans
 
Non-U.S.
Plans
 
U.S.
Plans
 
Non-U.S.
Plans
Asset Category
 
 
 
 
 
 
 
 
 
 
 
Equity securities
%
 
38
%
 
%
 
30
%
 
%
 
29
%
Debt securities
99

 
49

 
94

 
58

 
75

 
58

Cash and short-term investments
1

 
3

 
6

 
2

 
25

 
2

Insurance contracts

 
6

 

 
6

 

 
7

Other

 
4

 

 
4

 

 
4

Total
100
%
 
100
%
 
100
%
 
100
%
 
100
%
 
100
%
Schedule of Fair Value of Plan Assets
August 31, 2017 were as follows:
Non-U.S. Plans
 
 
 
 
 
 
 
 
Level 1
 
Level 2
 
Level 3
 
Total
Equity
 
 
 
 
 
 
 
Mutual fund equity securities
$

 
$
347,781

 
$

 
$
347,781

Fixed Income


 
 
 
 
 
 
Non-U.S. government debt securities
105,331

 

 

 
105,331

Mutual fund debt securities
3,093

 
560,606

 

 
563,699

Cash and short-term investments
16,072

 
9,059

 

 
25,131

Insurance contracts

 
69,754

 

 
69,754

Other

 
42,432

 

 
42,432

Total
$
124,496

 
$
1,029,632

 
$

 
$
1,154,128

Estimated Future Benefit Payments
 
Pension Plans
 
Postretirement Plans
 
U.S. Plans
 
Non-U.S.
Plans
 
U.S. and Non-U.S. Plans
2018
$
12,774

 
$
54,846

 
$
11,509

2019
13,572

 
59,328

 
12,747

2020
14,357

 
70,756

 
14,189

2021
15,158

 
80,109

 
16,145

2022
15,868

 
85,344

 
18,357

2023-2027
89,785

 
475,803

 
125,060