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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Aug. 31, 2023
Aug. 31, 2022
Aug. 31, 2021
Pay vs Performance Disclosure      
Pay vs Performance Disclosure, Table
Pay Versus Performance
The following tables show the relationship between executive “compensation actually paid” and certain financial performance of the Company as determined under Item 402(v) of Regulation
S-K.
For further information concerning the Company’s pay for performance philosophy and how the Company aligns executive compensation with the Company’s performance, refer to “Compensation Matters – Compensation Discussion and Analysis.”
 
Year
(a)
 
                
Average
Summary
  Compensation  
Table
Total for
Non-PEO
NEOs 
($)
(3)
(d)
 
 
Average
  Compensation  
Actually
Paid to
Non-PEO
NEOs ($)
(4)
(e)
 
 
Value of Initial Fixed
$100 Investment
Based On:
 
 
 Net Income 
($)
(7)
(h)
 
 
 CANCOI
(8)
 
(i)
 
 
  Summary Compensation  
Table Total for PEO 
($)
(1)
(b)
 
 
  Compensation Actually  
Paid to PEO
($) (2)
(c)
 
 
Total
  Stockholder  
Return ($) 
(5)
(f)
 
 
Peer Group
Total
  Stockholder  
Return ($) 
(6)
(g)
 
    
Mondello
 
Wilson
 
Mondello
 
Wilson
                             
2023
 
16,601,000
 
10,237,971
 
66,953,485
 
24,823,983
 
3,837,569
 
10,481,156
 
340.37
 
143.65
 
818,000,000 
 
1,733,000,000 
2022
 
16,435,268
 
N/A
 
10,587,003
 
N/A
 
4,370,388
 
4,105,552
 
178.70
 
129.75
 
996,000,000 
 
1,543,000,000 
2021
 
15,629,573
 
N/A
 
55,963,228
 
N/A
 
5,228,688
 
12,711,957
 
182.13
 
144.77
 
696,000,000 
 
1,241,000,000 
 
(1)
 
The dollar amounts reported in column (b) are the amounts reported for Mr. Kenneth Wilson, our Chief Executive Officer since May 1, 2023, and for Mr. Mark Mondello, our Chief Executive Officer during the remainder of 2023 and for each of the other years shown in the “Total” column in our Summary Compensation Table. Refer to the “Compensation Matters – Summary Compensation Table”.
 
(2)
 
The dollar amounts reported in column (c) represent the amount of “compensation actually paid” to Messrs. Wilson and Mondello as computed in accordance with Item 402(v) of Regulation
S-K
and do not reflect the total compensation actually realized or received by Messrs. Wilson and Mondello, respectively. In accordance with these rules, these amounts reflect “Total Compensation” as set forth in the Summary Compensation Table for each year, adjusted as shown below. Equity values are calculated in accordance with FASB ASC Topic 718, and the assumptions used are consistent with those disclosed on the grant date, with values changing primarily due to changes in the Company’s stock price and performance on the metrics applicable to those awards.
 
  Compensation Actually Paid to PEO
  
2023
   
2023
   
2022
   
2021
 
  
 

Wilson

($)
 

 
 
 

Mondello

($)
 

 
 
 

Mondello

($)
 

 
 
 
 
 
Summary Compensation Table Total
  
 
10,237,971
 
 
 
16,601,000
 
 
 
16,435,268
 
 
 
15,629,573
 
Less, value of “Stock Awards” reported in Summary Compensation Table
  
 
(6,219,513
 
 
(11,310,600
 
 
(11,110,207
 
 
(11,159,600
Plus,
year-end
fair value of outstanding and unvested equity awards granted in the year and were unvested at
year-end
  
 
13,819,912
 
 
 
25,132,433
 
 
 
10,938,307
 
 
 
23,695,520
 
Plus, year over year change in fair value of outstanding and unvested equity awards granted in prior years that were unvested at
year-end
  
 
6,430,336
 
 
 
35,847,153
 
 
 
999,140
 
 
 
26,754,549
 
Plus (less), change in fair value from the prior
year-end
through the applicable vesting date of equity awards granted in prior years that vested or were rescinded in the year*
  
 
555,277
 
 
 
683,499
 
 
 
(6,675,505
 
 
1,043,186
 
Compensation Actually Paid to PEO
  
 
24,823,983
 
 
 
66,953,485
 
 
 
10,587,003
 
 
 
55,963,228
 
 
 
*Reflects the impact of Mr. Mondello’s voluntarily rescission of the portion of his FY2019 Performance-Based RSUs that was scheduled to vest above target in fiscal year 2022 based on the Company’s Relative TSR performance. Accordingly, Mr. Mondello requested that his payout be capped at the target payout level.
 
(3)
 
The dollar amounts reported in column (d) represent the average of the amounts reported for the Company’s named executive officers (NEOs) as a group (excluding Mr. Mondello for all years shown and Mr. Wilson for 2023) in the “Total” column of the Summary Compensation Table in each applicable year. The names of each of the NEOs included for these purposes in each applicable year are as follows: (i) for 2023, Mr. Dastoor, Mr. Borges, Mr. Creadon, Mr. McCoy and Mr. Katz; (ii) for 2022, Mr. Dastoor, Mr. Borges, Mr. Wilson, Mr. Johnson and Mr. Loparco; and (iii) for 2021, Mr. Dastoor, Mr. Borges, Mr. Loparco and Mr. Wilson.
 
(4)
 
The dollar amounts reported in column (e) represent the average amount of “compensation actually paid” to the NEOs as a group (excluding Mr. Mondello for all years shown and Mr. Wilson for 2023), as computed in accordance with Item 402(v) of Regulation
S-K.
In accordance with these rules, these amounts reflect “Total Compensation” as set forth in the Summary Compensation Table for each year, adjusted as shown below. Equity values are calculated in accordance with FASB ASC Topic 718, and the assumptions used are
 
consistent with those disclosed on the grant date, with values changing primarily due to changes in the Company’s stock price and performance on the metrics applicable to those awards.
 
  Average Compensation Actually Paid to
Non-PEO NEOs
  
2023
   
2022
   
2021
Average Summary Compensation Table Total
  
 
3,837,569
 
 
 
4,370,388
 
 
 
5,228,688
 
Less, average value of Stock Awards reported in Summary Compensation Table
  
 
(1,822,095
 
 
(1,945,226
 
 
(3,262,453
Plus, average
year-end
fair value of outstanding and unvested equity awards granted in the year and were unvested at
year-end
  
 
4,048,739
 
 
 
1,581,509
 
 
 
5,964,144
 
Plus, average year over year change in fair value of outstanding and unvested equity awards granted in prior years that were unvested at
year-end
  
 
4,097,774
 
 
 
121,089
 
 
 
4,637,203
 
Plus (less), average change in fair value from the prior
year-end
through the applicable vesting date of equity awards granted in prior years that vested in the year
  
 
319,169
 
 
 
(22,208
 
 
144,375
 
Average Compensation Actually Paid to
Non-PEO
NEOs
  
 
10,481,156
 
 
 
4,105,552
 
 
 
12,711,957
 
 
(5)
 
Total Stockholder Return (TSR) is calculated by dividing (a) the sum of (i) the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and (ii) the difference between the Company’s stock price at the end of each fiscal year shown and the beginning of the measurement period, and the beginning of the measurement period by (b) the Company’s stock price at the beginning of the measurement period. The beginning of the measurement period for each year in the table is August 31, 2020.
 
(6)
 
The peer group used for this purpose is the following published industry index: S&P MidCap 400 Index.
 
(7)
 
The dollar amounts reported represent the amount of net income reflected in the Company’s audited financial statements for the applicable year.
 
(8)
 
The Company-selected Measure is CANCOI, which is described in detail in the section “Compensation Matters – Compensation Discussion and Analysis – NEO Fiscal Year 2023 Compensation.” CANCOI is a
non-GAAP
financial measure. See Annex A to this proxy statement for a reconciliation of GAAP to
non-GAAP
financial measures.
   
Company Selected Measure Name CANCOI    
Named Executive Officers, Footnote
(3)
 
The dollar amounts reported in column (d) represent the average of the amounts reported for the Company’s named executive officers (NEOs) as a group (excluding Mr. Mondello for all years shown and Mr. Wilson for 2023) in the “Total” column of the Summary Compensation Table in each applicable year. The names of each of the NEOs included for these purposes in each applicable year are as follows: (i) for 2023, Mr. Dastoor, Mr. Borges, Mr. Creadon, Mr. McCoy and Mr. Katz; (ii) for 2022, Mr. Dastoor, Mr. Borges, Mr. Wilson, Mr. Johnson and Mr. Loparco; and (iii) for 2021, Mr. Dastoor, Mr. Borges, Mr. Loparco and Mr. Wilson.
   
Peer Group Issuers, Footnote
(6)
 
The peer group used for this purpose is the following published industry index: S&P MidCap 400 Index.
   
Adjustment To PEO Compensation, Footnote
(2)
 
The dollar amounts reported in column (c) represent the amount of “compensation actually paid” to Messrs. Wilson and Mondello as computed in accordance with Item 402(v) of Regulation
S-K
and do not reflect the total compensation actually realized or received by Messrs. Wilson and Mondello, respectively. In accordance with these rules, these amounts reflect “Total Compensation” as set forth in the Summary Compensation Table for each year, adjusted as shown below. Equity values are calculated in accordance with FASB ASC Topic 718, and the assumptions used are consistent with those disclosed on the grant date, with values changing primarily due to changes in the Company’s stock price and performance on the metrics applicable to those awards.
 
  Compensation Actually Paid to PEO
  
2023
   
2023
   
2022
   
2021
 
  
 

Wilson

($)
 

 
 
 

Mondello

($)
 

 
 
 

Mondello

($)
 

 
 
 
 
 
Summary Compensation Table Total
  
 
10,237,971
 
 
 
16,601,000
 
 
 
16,435,268
 
 
 
15,629,573
 
Less, value of “Stock Awards” reported in Summary Compensation Table
  
 
(6,219,513
 
 
(11,310,600
 
 
(11,110,207
 
 
(11,159,600
Plus,
year-end
fair value of outstanding and unvested equity awards granted in the year and were unvested at
year-end
  
 
13,819,912
 
 
 
25,132,433
 
 
 
10,938,307
 
 
 
23,695,520
 
Plus, year over year change in fair value of outstanding and unvested equity awards granted in prior years that were unvested at
year-end
  
 
6,430,336
 
 
 
35,847,153
 
 
 
999,140
 
 
 
26,754,549
 
Plus (less), change in fair value from the prior
year-end
through the applicable vesting date of equity awards granted in prior years that vested or were rescinded in the year*
  
 
555,277
 
 
 
683,499
 
 
 
(6,675,505
 
 
1,043,186
 
Compensation Actually Paid to PEO
  
 
24,823,983
 
 
 
66,953,485
 
 
 
10,587,003
 
 
 
55,963,228
 
 
 
*Reflects the impact of Mr. Mondello’s voluntarily rescission of the portion of his FY2019 Performance-Based RSUs that was scheduled to vest above target in fiscal year 2022 based on the Company’s Relative TSR performance. Accordingly, Mr. Mondello requested that his payout be capped at the target payout level.
   
Non-PEO NEO Average Total Compensation Amount $ 3,837,569 $ 4,370,388 $ 5,228,688
Non-PEO NEO Average Compensation Actually Paid Amount $ 10,481,156 4,105,552 12,711,957
Adjustment to Non-PEO NEO Compensation Footnote
(4)
 
The dollar amounts reported in column (e) represent the average amount of “compensation actually paid” to the NEOs as a group (excluding Mr. Mondello for all years shown and Mr. Wilson for 2023), as computed in accordance with Item 402(v) of Regulation
S-K.
In accordance with these rules, these amounts reflect “Total Compensation” as set forth in the Summary Compensation Table for each year, adjusted as shown below. Equity values are calculated in accordance with FASB ASC Topic 718, and the assumptions used are
 
consistent with those disclosed on the grant date, with values changing primarily due to changes in the Company’s stock price and performance on the metrics applicable to those awards.
 
  Average Compensation Actually Paid to
Non-PEO NEOs
  
2023
   
2022
   
2021
Average Summary Compensation Table Total
  
 
3,837,569
 
 
 
4,370,388
 
 
 
5,228,688
 
Less, average value of Stock Awards reported in Summary Compensation Table
  
 
(1,822,095
 
 
(1,945,226
 
 
(3,262,453
Plus, average
year-end
fair value of outstanding and unvested equity awards granted in the year and were unvested at
year-end
  
 
4,048,739
 
 
 
1,581,509
 
 
 
5,964,144
 
Plus, average year over year change in fair value of outstanding and unvested equity awards granted in prior years that were unvested at
year-end
  
 
4,097,774
 
 
 
121,089
 
 
 
4,637,203
 
Plus (less), average change in fair value from the prior
year-end
through the applicable vesting date of equity awards granted in prior years that vested in the year
  
 
319,169
 
 
 
(22,208
 
 
144,375
 
Average Compensation Actually Paid to
Non-PEO
NEOs
  
 
10,481,156
 
 
 
4,105,552
 
 
 
12,711,957
 
   
Compensation Actually Paid vs. Total Shareholder Return
Compensation Actually Paid and Company TSR
As demonstrated by the following chart, the amount of CAP to the Company’s CEOs for the applicable year and the average amount of CAP to the Company’s other NEOs as a group is aligned with the Company’s cumulative TSR over the three years presented in the table. The alignment of CAP reflects the fact that a significant portion of the compensation paid to our CEOs and to the other NEOs is comprised of equity awards, as described in more detail in “Compensation Matters – Compensation Discussion and Analysis.”
 
LOGO
   
Compensation Actually Paid vs. Net Income
Compensation Actually Paid and Net Income
The following chart demonstrates the amount of CAP to the Company’s CEOs for the applicable year and the average amount of CAP to the Company’s other NEOs as a group in relation to the Company’s net income over the last three fiscal years. The Company does not use net income as a performance measure in the overall executive compensation program.
 
LOGO
   
Compensation Actually Paid vs. Company Selected Measure
Compensation Actually Paid and CANCOI
The following graph demonstrates the amount of CAP to our CEOs and the average amount of CAP to the Company’s other NEOs as a group in relation to the Company’s CANCOI (as described above and in the Annex to this proxy statement), over the three years presented in the Pay Versus Performance table. While the Company uses numerous financial performance measures for the purpose of evaluating performance for the Company’s compensation programs, the Company has determined that CANCOI is the financial performance measure that, in the Company’s assessment, represents the most important performance measure (that is not otherwise required to be disclosed in the table) used by the Company to link CAP to the Company’s NEOs, for the most recently completed fiscal year, to Company performance. As described in more detail in “Compensation Matters – Compensation Discussion and Analysis,” the Company utilizes CANCOI when setting goals in the Company’s annual cash incentive program because it views CANCOI as a key corporate metric that takes into account both revenue and expense.
 
LOGO
   
Total Shareholder Return Vs Peer Group
Company TSR and S&P MidCap 400 Index
As demonstrated by the following chart, the Company’s cumulative TSR over the three-year period presented in the table was 240.37% while the cumulative TSR of the peer group presented for this purpose, the S&P MidCap 400 Index, was 43.65% over the three years presented in the table.
 

   
Tabular List, Table
Financial Performance Measures
As described in greater detail under “Compensation Matters – Compensation Discussion and Analysis,” the Company’s executive compensation program reflects a variable
pay-for-performance
philosophy. The metrics that the Company uses for both our long-term and short-term incentive awards are selected based on an objective of incentivizing our NEOs to increase the value of our enterprise for our stockholders. In addition to CANCOI, our Company selected measure, the most important financial performance measures used by the Company to link executive compensation actually paid to the Company’s NEOs, for the most recently completed fiscal year, to the Company’s performance are as follows:
 
 
1.
Margin%
 
2.
Free Cash Flow
 
3.
Core EPS
 
4.
Relative TSR
   
Total Shareholder Return Amount $ 340.37 178.7 182.13
Peer Group Total Shareholder Return Amount 143.65 129.75 144.77
Net Income (Loss) $ 818,000,000 $ 996,000,000 $ 696,000,000
Company Selected Measure Amount 1,733,000,000 1,543,000,000 1,241,000,000
Measure:: 1      
Pay vs Performance Disclosure      
Name CANCOI    
Non-GAAP Measure Description
(8)
 
The Company-selected Measure is CANCOI, which is described in detail in the section “Compensation Matters – Compensation Discussion and Analysis – NEO Fiscal Year 2023 Compensation.” CANCOI is a
non-GAAP
financial measure. See Annex A to this proxy statement for a reconciliation of GAAP to
non-GAAP
financial measures.
   
Measure:: 2      
Pay vs Performance Disclosure      
Name Margin    
Measure:: 3      
Pay vs Performance Disclosure      
Name Free Cash Flow    
Measure:: 4      
Pay vs Performance Disclosure      
Name Core EPS    
Measure:: 5      
Pay vs Performance Disclosure      
Name Relative TSR    
Mr. Kenneth Wilson [Member]      
Pay vs Performance Disclosure      
PEO Total Compensation Amount $ 10,237,971    
PEO Actually Paid Compensation Amount $ 24,823,983    
PEO Name Mr. Kenneth Wilson    
Mr. Mark Mondello [Member]      
Pay vs Performance Disclosure      
PEO Total Compensation Amount $ 16,601,000 $ 16,435,268 $ 15,629,573
PEO Actually Paid Compensation Amount $ 66,953,485 10,587,003 55,963,228
PEO Name Mr. Mark Mondello    
PEO | Mr. Kenneth Wilson [Member] | Stock Awards [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ (6,219,513)    
PEO | Mr. Kenneth Wilson [Member] | Fair Value of Outstanding and Unvested Equity Awards Granted in the Year and Were Unvested [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 13,819,912    
PEO | Mr. Kenneth Wilson [Member] | Change In Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Years that Were Unvested [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 6,430,336    
PEO | Mr. Kenneth Wilson [Member] | Change in Fair Value from the Prior YearEnd Through the Applicable Vesting Date of Equity Awards Granted [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 555,277    
PEO | Mr. Mark Mondello [Member] | Stock Awards [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (11,310,600) (11,110,207) (11,159,600)
PEO | Mr. Mark Mondello [Member] | Fair Value of Outstanding and Unvested Equity Awards Granted in the Year and Were Unvested [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 25,132,433 10,938,307 23,695,520
PEO | Mr. Mark Mondello [Member] | Change In Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Years that Were Unvested [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 35,847,153 999,140 26,754,549
PEO | Mr. Mark Mondello [Member] | Change in Fair Value from the Prior YearEnd Through the Applicable Vesting Date of Equity Awards Granted [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 683,499 (6,675,505) 1,043,186
Non-PEO NEO | Stock Awards [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (1,822,095) (1,945,226) (3,262,453)
Non-PEO NEO | Fair Value of Outstanding and Unvested Equity Awards Granted in the Year and Were Unvested [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 4,048,739 1,581,509 5,964,144
Non-PEO NEO | Change In Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Years that Were Unvested [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 4,097,774 121,089 4,637,203
Non-PEO NEO | Change in Fair Value from the Prior YearEnd Through the Applicable Vesting Date of Equity Awards Granted [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ 319,169 $ (22,208) $ 144,375