Income Taxes (Tables)

12 Months Ended

Aug. 31, 2015

Income Taxes [Abstract]

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

5. Income Taxes
a. Provision for Income Taxes
		Income (loss) from continuing operations before income tax expense and noncontrolling interests is summarized below
	(in thousands):
				Fiscal Year Ended August 31,
				2015		2014		2013
			U.S.	$	(295,521)	$	(129,764)	$	(157,454)
			Non-U.S.		727,167		201,887		484,568
				$	431,646	$	72,123	$	327,114
		The U.S. and non-U.S. components of income (loss) from continuing operations before income tax expense and noncontrolling
	interests include the elimination of intercompany foreign dividends paid to the U.S.

Income Tax Expense (Benefit)

Income tax expense (benefit) is summarized below (in thousands):
	Fiscal Year Ended August 31,		Current		Deferred		Total
	2015:	U.S. – Federal	$	1,169	$	(1,653)	$	(484)
		U.S. – State		164		(300)		(136)
		Non-U.S.		147,199		(9,118)		138,081
			$	148,532	$	(11,071)	$	137,461
	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

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,
			2015		2014		2013
		Tax at U.S. federal statutory income tax rate (35%)	$	151,076	$	25,243	$	114,490
		State income taxes, net of federal tax benefit		(4,474)		(3,740)		(6,285)
		Impact of foreign tax rates		(157,827)		(19,621)		(130,732)
		Permanent impact of non-deductible cost		8,951		10,995		12,815
		Income tax credits		(12,773)		(5,632)		(7,170)
		Changes in tax rates on deferred tax assets and liabilities		(1,206)		(23,432)		7,416
		Valuation allowance		72,604		47,697		(45,502)
		Non-deductible equity compensation		11,600		31,236		21,477
		Impact of intercompany charges and dividends		49,843		9,376		30,360
		Other, net		19,667		1,589		10,762
		Total income tax expense	$	137,461	$	73,711	$	7,631

Current and Noncurrent Net Deferred Tax Assets

b. Deferred Tax Assets and Liabilities
	The current and noncurrent net deferred tax assets are summarized below (in thousands):
			Fiscal Year Ended August 31,
			2015		2014
		Current deferred tax assets	$	79,045	$	64,944
		Current deferred tax liabilities		(2,455)		(5,094)
		Noncurrent deferred tax assets		85,169		92,702
		Noncurrent deferred tax liabilities		(82,167)		(61,670)
		Total net deferred tax assets	$	79,592	$	90,882

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,
			2015		2014
Deferred tax assets:
	Net operating loss carry forward		$	261,495	$	236,169
	Receivables			11,343		7,847
	Inventories			7,876		10,139
	Compensated absences			9,342		8,396
	Accrued expenses			75,580		71,007
	Property, plant and equipment, principally due to differences in
		depreciation and amortization		31,888		23,830
	U.S. federal and state tax credits			63,927		63,655
	Foreign jurisdiction tax credits			13,524		17,715
	Equity compensation – U.S.			21,447		23,101
	Equity compensation – Non-U.S.			4,507		4,307
	Cash flow hedges			3,809		5,294
	Other			25,403		11,432
	Total deferred tax assets before valuation allowances			530,141		482,892
	Less valuation allowances			(304,820)		(261,285)
	Net deferred tax assets		$	225,321	$	221,607
Deferred tax liabilities:
	Unremitted earnings of non-U.S. subsidiaries			85,765		81,514
	Intangible assets			55,208		44,637
	Other			4,756		4,574
	Total deferred tax liabilities		$	145,729	$	130,725
Net deferred tax assets			$	79,592	$	90,882

Reconciliations of Unrecognized Tax Benefits

c. Unrecognized Tax Benefits
	Reconciliations of the unrecognized tax benefits are summarized below (in thousands):
				Fiscal Year Ended August 31,
				2015		2014		2013
		Beginning balance		$	229,684	$	219,132	$	113,414
		Additions for tax positions of prior years			4,189		16,533		82,965
		Reductions for tax positions of prior years			(7,919)		(3,843)		(7,713)
		Additions for tax positions related to current year			21,541		18,219		30,886
		Adjustments for tax positions related to disposed entities			―		(1,917)		―
		Adjustments for tax positions related to acquired entities			1,687		(3,195)		21,000
		Cash settlements			(11,806)		(9,406)		(1,096)
		Reductions from lapses in statutes of limitations			(1,843)		(1,909)		(784)
		Reductions from settlements with taxing authorities			(72,812)		(4,344)		(19,930)
		Foreign exchange rate adjustment			(8,073)		414		390
		Ending balance		$	154,648	$	229,684	$	219,132
		Unrecognized tax benefits that would affect the
			effective tax rate (if recognized)	$	80,094	$	72,586	$	72,618