XML 36 R26.htm IDEA: XBRL DOCUMENT v3.23.1
Subsequent events
6 Months Ended
Feb. 28, 2023
Subsequent Events [Abstract]  
Subsequent events Subsequent events
2023 Revolving Credit Agreement
On March 2, 2023, the Company entered into a $900 million unsecured 364-day revolving credit facility (the “2023 Revolving Credit Agreement”) with a termination date of February 29, 2024, or earlier, subject to the Company's discretion. Borrowings under the 2023 Revolving Credit Agreement bear interest at fluctuating rate per annum equal to, at the Company’s option, the alternate base rate, the term SOFR or the daily SOFR, in each case, plus an applicable margin. The applicable margin is in each case based on the rating of the Company’s corporate debt obligations as determined by Moody’s or S&P.