Income Taxes (Tables)

12 Months Ended

Aug. 31, 2014

Income Tax Disclosure [Abstract]

Income (Loss) from Continuing Operations Before Income Taxes and Noncontrolling Interests

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

	Fiscal Year Ended August 31,
	2014			2013			2012
U.S.	$	(129,764	)	$	(157,454	)	$	(172,820	)
Non-U.S.		201,887			484,568			609,369
	$	72,123		$	327,114		$	436,549

Income Tax Expense (Benefit)

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

Fiscal Year Ended August 31,		Current		Deferred			Total
2014:	U.S. – Federal	$	3,047	$	(9,108	)	$	(6,061	)
	U.S. – State		319		(3,606	)		(3,287	)
	Non-U.S.		107,819		(24,760	)		83,059
		$	111,185	$	(37,474	)	$	73,711
2013:	U.S. – Federal	$	4,762	$	(109,304	)	$	(104,542	)
	U.S. – State		226		3,044			3,270
	Non-U.S.		129,908		(21,005	)		108,903
		$	134,896	$	(127,265	)	$	7,631
2012:	U.S. – Federal	$	2,072	$	(152	)	$	1,920
	U.S. – State		82		—			82
	Non-U.S.		118,333		(17,469	)		100,864
		$	120,487	$	(17,621	)	$	102,866

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,
	2014			2013			2012
Tax at U.S. federal statutory income tax rate (35%)	$	25,243		$	114,490		$	152,792
State income taxes, net of federal tax benefit		(3,740	)		(6,285	)		(4,013	)
Impact of foreign tax rates		(19,621	)		(130,732	)		(105,746	)
Permanent impact of non-deductible cost		10,995			12,815			1,589
Income tax credits		(5,632	)		(7,170	)		(11,258	)
Changes in tax rates on deferred tax assets and liabilities		(23,432	)		7,416			(9,048	)
Valuation allowance		47,697			(45,502	)		53,490
Non-deductible equity compensation		31,236			21,477			6,655
Impact of intercompany charges		9,376			30,360			1,742
Other, net		1,589			10,762			16,663
Total income tax expense	$	73,711		$	7,631		$	102,866

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,
	2014			2013
Current deferred tax assets	$	64,944		$	45,650
Current deferred tax liabilities		(5,094	)		(6,004	)
Noncurrent deferred tax assets		92,702			91,383
Noncurrent deferred tax liabilities		(61,670	)		(58,047	)
Total net deferred tax assets	$	90,882		$	72,982

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,
	2014			2013
Deferred tax assets:
Net operating loss carry forward	$	236,169		$	272,117
Receivables		7,847			3,567
Inventories		10,139			9,285
Compensated absences		8,396			8,221
Accrued expenses		71,007			45,142
Property, plant and equipment, principally due to differences in depreciation and amortization		23,830			7,555
U.S. federal and state tax credits		63,655			27,048
Foreign jurisdiction tax credits		17,715			18,617
Equity compensation – U.S.		23,101			60,765
Equity compensation – Non-U.S.		4,307			8,886
Cash flow hedges		5,294			7,455
Other		11,432			20,317
Total deferred tax assets before valuation allowances		482,892			488,975
Less valuation allowances		(261,285	)		(280,755	)
Net deferred tax assets	$	221,607		$	208,220
Deferred tax liabilities:
Unremitted earnings of non-U.S. subsidiaries		81,514			80,000
Intangible assets		44,637			43,867
Other		4,574			11,371
Total deferred tax liabilities	$	130,725		$	135,238
Net deferred tax assets	$	90,882		$	72,982

Reconciliations of Unrecognized Tax Benefits

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

	Fiscal Year Ended August 31,
	2014			2013			2012
Beginning balance	$	219,132		$	113,414		$	84,942
Additions for tax positions of prior years		16,533			82,965			48,986
Reductions for tax positions of prior years		(3,843	)		(7,713	)		(10,446	)
Additions for tax positions related to current year		18,219			30,886			12,316
Adjustments for tax positions related to disposed entities		(1,917	)		—			—
Adjustments for tax positions related to acquired entities		(3,195	)		21,000			—
Cash settlements		(9,406	)		(1,096	)		(7,880	)
Reductions from lapses in statutes of limitations		(1,909	)		(784	)		(2,521	)
Reductions from settlements with taxing authorities		(4,344	)		(19,930	)		(9,680	)
Foreign exchange rate adjustment		414			390			(2,303	)
Ending balance	$	229,684		$	219,132		$	113,414
Unrecognized tax benefits that would affect the effective tax rate (if recognized)	$	72,586		$	72,618		$	65,677