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Notes Payable, Long-Term Debt and Long-Term Lease Obligations Outstanding (Parenthetical) (Detail) (USD $)
12 Months Ended 1 Months Ended 3 Months Ended 1 Months Ended 3 Months Ended 3 Months Ended 3 Months Ended 3 Months Ended
Aug. 31, 2012
May 02, 2012
Aug. 31, 2011
Aug. 31, 2012
Variable Interest Entity
Mar. 19, 2012
Amended and Restated Credit Facility
Aug. 31, 2012
Amended and Restated Credit Facility
Mar. 19, 2012
Minimum
Amended and Restated Credit Facility
May 02, 2012
Maximum
Mar. 19, 2012
Maximum
Amended and Restated Credit Facility
Aug. 31, 2009
7.750% Senior Notes Due 2016
Aug. 31, 2012
7.750% Senior Notes Due 2016
Aug. 31, 2011
7.750% Senior Notes Due 2016
Feb. 28, 2011
7.750% Senior Notes Due 2016
May 31, 2008
8.250% Senior Notes Due 2018
Feb. 29, 2008
8.250% Senior Notes Due 2018
Aug. 31, 2007
8.250% Senior Notes Due 2018
Aug. 31, 2012
8.250% Senior Notes Due 2018
Aug. 31, 2011
8.250% Senior Notes Due 2018
Nov. 30, 2010
5.625% Senior Notes Due 2020
Aug. 31, 2012
5.625% Senior Notes Due 2020
Aug. 31, 2011
5.625% Senior Notes Due 2020
Aug. 31, 2012
4.700% Senior Notes due 2022
Aug. 31, 2012
Foreign subsidiaries credit facilities
Minimum
Aug. 31, 2012
Foreign subsidiaries credit facilities
Maximum
Debt Instrument [Line Items]                                                
Senior Notes, stated interest rate                   7.75% 7.75% [1] 7.75% [1] 7.75% 8.25% 8.25% 8.25% 8.25% [2] 8.25% [2] 5.625% 5.625% [3] 5.625% [3] 4.70% [4]    
Senior Notes, maturity year                     2016 [1] 2016 [1]         2018 [2] 2018 [2]   2020 [3] 2020 [3] 2022 [4]    
Senior Notes, face amount                   $ 312,000,000 $ 312,000,000     $ 150,000,000 $ 250,000,000   $ 400,000,000   $ 400,000,000 $ 400,000,000   $ 500,000,000    
Debt instrument, maturity date         Mar. 19, 2017         Jul. 15, 2016       Mar. 15, 2018 Mar. 15, 2018 Mar. 15, 2018     Dec. 15, 2020     Sep. 15, 2022    
Senior Notes, percent of face value                   96.10%       97.50% 99.965%             99.992%    
Net proceeds in issuance of notes                   300,000,000       148,500,000 245,700,000       400,000,000     500,000,000    
Interest rate for foreign subsidiaries credit facilities                                             2.10% 12.40%
Line of credit revolving facility initiation amount         1,300,000,000                                      
Revolving credit facility potential increase         1,600,000,000                                      
Line of credit facility interest rate above one month LIBOR rate         1.00%                                      
Line of credit facility interest rate above federal funds rate         0.50%                                      
Line of credit facility interest rate above Eurocurrency rate             1.175%   1.85%                              
Percentage added to base rate             0.175%   0.85%                              
Line of credit facility amount borrowed and repaid during period 8,300,000,000         1,600,000,000                                    
VIE credit capacity   60,000,000                                            
Lease agreement period               5 years                                
Total assets 7,803,141,000   7,057,940,000 55,100,000                                        
Notes receivable       53,600,000                                        
Total liabilities 5,695,806,000   5,174,117,000 54,800,000                                        
Debt obligation utilized 56,036,000 [5]   2,062,000 [5] 54,700,000                                        
Short term loan $ 1,200,000                                              
[1] During the fourth quarter of fiscal year 2009, the Company issued $312.0 million of seven-year, publicly-registered 7.750% notes (the "7.750% Senior Notes") at 96.1% of par, resulting in net proceeds of approximately $300.0 million. The 7.750% Senior Notes mature on July 15, 2016 and pay interest semiannually on January 15 and July 15. The 7.750% Senior Notes are the Company's senior unsecured obligations and rank equally with all other existing and future senior unsecured debt obligations. The Company is subject to covenants such as limitations on its and/or its subsidiaries' ability to: consolidate or merge with, or convey, transfer or lease all or substantially all of the Company's assets to, another person; create certain liens; enter into sale and leaseback transactions; create, incur, issue, assume or guarantee funded debt (which only applies to the Company's "restricted subsidiaries"); and guarantee any of the Company's indebtedness (which only applies to the Company's subsidiaries). The Company is also subject to a covenant requiring its repurchase of the 7.750% Senior Notes upon a "change of control repurchase event."
[2] During the second and third quarters of fiscal year 2008, the Company issued $250.0 million and $150.0 million, respectively, of ten-year, unregistered 8.250% notes at 99.965% of par and 97.5% of par, respectively, resulting in net proceeds of approximately $245.7 million and $148.5 million, respectively. On July 18, 2008, the Company completed an exchange whereby all of the outstanding unregistered 8.250% Notes were exchanged for registered 8.250% Notes (collectively the "8.250% Senior Notes") that are substantially identical to the unregistered notes except that the 8.250% Senior Notes are registered under the Securities Act and do not have any transfer restrictions, registration rights or rights to additional special interest. The 8.250% Senior Notes mature on March 15, 2018 and pay interest semiannually on March 15 and September 15. The interest rate payable on the 8.250% Senior Notes is subject to adjustment from time to time if the credit ratings assigned to the 8.250% Senior Notes increase or decrease, as provided in the 8.250% Senior Notes. The 8.250% Senior Notes are the Company's senior unsecured obligations and rank equally with all other existing and future senior unsecured debt obligations. The Company is subject to covenants such as limitations on its and/or its subsidiaries' ability to: consolidate or merge with, or convey, transfer or lease all or substantially all of the Company's assets to, another person; create certain liens; enter into sale and leaseback transactions; create, incur, issue, assume or guarantee any funded debt (which only applies to the Company's "restricted subsidiaries"); and guarantee any of the Company's indebtedness (which only applies to the Company's subsidiaries). The Company is also subject to a covenant requiring its repurchase of the 8.250% Senior Notes upon a "change of control repurchase event."
[3] During the first quarter of fiscal year 2011, the Company issued $400.0 million of ten-year publicly registered 5.625% notes (the "5.625% Senior Notes") at par. The net proceeds from the offering of $400.0 million were used to fully repay the term portion of the credit facility dated as of July 19, 2007 (the "Old Credit Facility") and partially repay amounts outstanding under the Company's foreign asset-backed securitization program. The 5.625% Senior Notes mature on December 15, 2020 and pay interest semiannually on June 15 and December 15 of each year, beginning on June 15, 2011. The 5.625% Senior Notes are the Company's senior unsecured obligations and rank equally with all other existing and future senior unsecured debt obligations. The Company is subject to covenants such as limitations on its and/or its subsidiaries' ability to: consolidate or merge with, or convey, transfer or lease all or substantially all of the Company's assets to, another person; create certain liens; enter into sale and leaseback transactions; create, incur, issue, assume or guarantee any funded debt (which only applies to the Company's "restricted subsidiaries"); and guarantee any of the Company's indebtedness (which only applies to the Company's subsidiaries). The Company is also subject to a covenant requiring its repurchase of the 5.625% Senior Notes upon a "change of control repurchase event."
[4] During the fourth quarter of fiscal year 2012, the Company issued $500.0 million of ten-year publicly registered 4.700% notes (the "4.700% Senior Notes") at 99.992% of par. The net proceeds from the offering of $500.0 million were used to repay outstanding borrowings under the revolving amended and restated senior unsecured five-year revolving credit facility entered into on March 19, 2012 ("the Amended and Restated Credit Facility") and for general corporate purposes. The 4.700% Senior Notes mature on September 15, 2022 and pay interest semiannually on March 15 and September 15 of each year, beginning on March 15, 2013. The 4.700% Senior Notes are the Company's senior unsecured obligations and rank equally with all other existing and future senior unsecured debt obligations. The Company is subject to covenants such as limitations on its and/or its subsidiaries' ability to: consolidate or merge with, or convey, transfer or lease all or substantially all of the Company's assets to, another person; create certain liens; enter into sale and leaseback transactions; create, incur, issue, assume or guarantee any funded debt (which only applies to the Company's "restricted subsidiaries"); and guarantee any of the Company's indebtedness (which only applies to the Company's subsidiaries). The Company is also subject to a covenant requiring its repurchase of the 4.700% Senior Notes upon a "change of control repurchase event."
[5] On May 2, 2012, the Company entered into a master lease agreement with a variable interest entity (the "VIE") whereby it sells to and subsequently leases back from the VIE up to $60.0 million in certain machinery and equipment for a period of up to five years. In connection with this transaction, the Company holds a variable interest in the VIE, which was designed to hold debt obligations payable to third-party creditors. The proceeds from such debt obligations are utilized to finance the purchase of the machinery and equipment that is then leased by the Company. The Company is the primary beneficiary of the VIE as it has both the power to direct the activities of the VIE that most significantly impact the VIE's economic performance and the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE. Therefore, the Company consolidates the financial statements of the VIE and eliminates all intercompany transactions. At August 31, 2012, the VIE had approximately $55.1 million of total assets, of which approximately $53.6 million was comprised of a note receivable due from the Company, and approximately $54.8 million of total liabilities, of which approximately $54.7 million were debt obligations to the third-party creditors (as the VIE has utilized approximately $54.7 million of the $60.0 million debt obligation capacity). The third-party creditors have recourse to the Company's general credit only in the event that the Company defaults on its obligations under the terms of the master lease agreement. In addition, the assets held by the VIE can be used only to settle the obligations of the VIE.