Income Taxes (Tables)

12 Months Ended

Aug. 31, 2013

Income Tax Disclosure [Abstract]

Income (Loss) Before Income Taxes and Noncontrolling Interests

Income (loss) before income tax expense and noncontrolling interests is summarized below (in thousands):

	Fiscal Year Ended August 31,
	2013			2012			2011
U.S.	$	(117,312	)	$	(147,567	)	$	(112,705	)
Non-U.S.		503,376			656,467			593,892
	$	386,064		$	508,900		$	481,187

Income Tax Expense (Benefit)

Income tax expense (benefit) is summarized below (in thousands):

Fiscal Year Ended August 31,		Current			Deferred			Total
2013:	U.S. – Federal	$	4,762		$	(108,779	)	$	(104,017	)
	U.S. – State		567			3,391			3,958
	Non-U.S.		136,602			(20,570	)		116,032
		$	141,931		$	(125,958	)	$	15,973
2012:	U.S. – Federal	$	2,240		$	2,172		$	4,412
	U.S. – State		279			462			741
	Non-U.S.		125,646			(17,988	)		107,658
		$	128,165		$	(15,354	)	$	112,811
2011:	U.S. – Federal	$	(8,937	)	$	4,123		$	(4,814	)
	U.S. – State		1,103			97			1,200
	Non-U.S.		102,826			(983	)		101,843
		$	94,992		$	3,237		$	98,229

Reconciliations of Income Tax Expense at U.S. Federal Statutory Income Tax Rate Compared to Actual Income Tax Expense

Reconciliations of the income tax expense at the U.S. federal statutory income tax rate compared to the actual income tax expense are summarized below (in thousands):

	Fiscal Year Ended August 31,
	2013			2012			2011
Tax at U.S. federal statutory income tax rate (35%)	$	135,122		$	178,115		$	168,416
State income taxes, net of federal tax benefit		(6,285	)		(4,013	)		(2,688	)
Impact of foreign tax rates		(141,443	)		(116,198	)		(94,392	)
Permanent impact of non-deductible cost		13,212			2,147			4,639
Income tax credits		(8,643	)		(13,125	)		(38,707	)
Changes in tax rates on deferred tax assets and liabilities		7,416			(9,048	)		10,147
Valuation allowance		(47,294	)		57,743			17,277
Non-deductible equity compensation		21,410			6,655			7,581
Impact of intercompany charges		30,106			1,742			12,658
Other, net		12,372			8,793			13,298
Total income tax expense	$	15,973		$	112,811		$	98,229

Current and Noncurrent Net Deferred Tax Assets

The current and noncurrent net deferred tax assets are summarized below (in thousands):

	Fiscal Year Ended August 31,
	2013			2012
Current deferred tax assets	$	46,260		$	27,833
Current deferred tax liabilities		(6,253	)		(3,955	)
Noncurrent deferred tax assets		94,069			73,411
Noncurrent deferred tax liabilities		(73,173	)		(24,245	)
Total net deferred tax assets	$	60,903		$	73,044

Deferred Tax Assets and Liabilities

The significant components of the deferred tax assets and liabilities are summarized below (in thousands):

	Fiscal Year Ended August 31,
	2013		2012
Deferred tax assets:
Net operating loss carry forward	$	293,008	$	280,196
Receivables		3,638		3,275
Inventories		11,730		10,909
Compensated absences		9,699		7,957
Accrued expenses		54,217		49,318
Property, plant and equipment, principally due to differences in depreciation and amortization		4,606		12,644
U.S. federal and state tax credits		32,402		18,708
Foreign jurisdiction tax credits		18,617		13,587

	Fiscal Year Ended August 31,
	2013			2012
Equity compensation – U.S.		60,765			65,800
Equity compensation – Non-U.S.		8,886			8,807
Cash flow hedges		7,455			8,616
Intangible assets		—			69,885
Capital loss carryforward		8,643			8,845
Other		21,759			12,362
Total deferred tax assets before valuation allowances		535,425			570,909
Less valuation allowances		(318,611	)		(487,745	)
Net deferred tax assets	$	216,814		$	83,164
Deferred tax liabilities:
Unremitted earnings of non-U.S. subsidiaries		80,000			—
Intangible assets		63,277			—
Other		12,634			10,120
Total deferred tax liabilities	$	155,911		$	10,120
Net deferred tax assets	$	60,903		$	73,044

Reconciliations of Unrecognized Tax Benefits

Reconciliations of the unrecognized tax benefits are summarized below (in thousands):

	Fiscal Year Ended August 31,
	2013			2012			2011
Beginning balance	$	116,661		$	84,942		$	78,140
Additions for tax positions of prior years		83,115			48,986			2,979
Reductions for tax positions of prior years		(7,713	)		(10,446	)		(12,631	)
Additions for tax positions related to current year		30,886			12,316			18,431

	Fiscal Year Ended August 31,
	2013			2012			2011
Additions for tax positions related to acquired entities		21,000			3,275			3,648
Cash settlements		(1,177	)		(7,880	)		(1,667	)
Reductions from lapses in statutes of limitations		(784	)		(2,521	)		(2,840	)
Reductions from settlements with taxing authorities		(20,166	)		(9,680	)		(5,349	)
Foreign exchange rate adjustment		406			(2,331	)		4,231
Ending balance	$	222,228		$	116,661		$	84,942
Unrecognized tax benefits that would affect the effective tax rate (if recognized)	$	75,714		$	68,924		$	68,859