XML 92 R77.htm IDEA: XBRL DOCUMENT v3.8.0.1
Postretirement and Other Employee Benefits (Weighted-Average Actuarial Assumptions) (Details 4)
12 Months Ended
Aug. 31, 2017
Aug. 31, 2016
Aug. 31, 2015
Net periodic benefit cost:      
Expected long-term return on plan assets [1] 3.30% 4.30% 4.40%
Rate of compensation increase 2.70% 2.40% 3.20%
Discount rate 1.90% 2.90% 1.80%
Projected benefit obligation:      
Expected long-term return on plan assets 4.00% 3.30% 4.40%
Rate of compensation increase 4.40% 4.10% 4.30%
Discount rate [2] 2.30% 1.70% 3.20%
[1]

(1)   The expected return on plan assets assumption used in calculating net periodic benefit cost is based on historical return experience and estimates of future long-term performance with consideration to the expected investment mix of the plan.

[2]

(2)   The discount rate is used to state expected cash flows relating to future benefits at a present value on the measurement date. This rate represents the market rate for high-quality fixed income investments whose timing would match the cash out flow of retir ement benefits. Other assumptions include demographic factors such as retirement, mortality and turnover .