v3.26.3
RETIREMENT AND PROFIT SHARING PLANS (Tables)
 12 Months Ended
Aug. 31, 2026
Retirement Benefits [Abstract]  
Schedule of Weighted-Average Assumptions Used to Determine the Fiscal Year-End Pension Benefit
The weighted-average assumptions used to determine the defined benefit pension obligations as of August 31 and the net periodic pension expense are as follows:
Pension PlansPostretirement Plans
August 31,
2026		August 31,
2025		August 31,
2024		August 31, 2026August 31, 2025August 31, 2024
U.S.
Plans		Non-U.S. PlansU.S. 
Plans		Non-U.S. PlansU.S. 
Plans		Non-U.S. PlansU.S. and Non-U.S. PlansU.S. and Non-U.S. PlansU.S. and Non-U.S. Plans
Discount rate for determining projected benefit obligation6.00 %5.14 %5.50 %4.50 %5.25 %4.46 %5.93 %5.48 %5.24 %
Discount rate for determining net periodic pension expense5.50 %4.50 %5.25 %4.46 %5.00 %4.68 %5.48 %5.24 %5.00 %
Long term rate of return on plan assets4.50 %4.06 %4.25 %3.91 %3.75 %3.82 %3.03 %2.80 %2.47 %
Rate of increase in future compensation for determining projected benefit obligation2.00 %4.22 %2.00 %4.99 %2.05 %5.07 %N/AN/AN/A
Rate of increase in future compensation for determining net periodic pension expense2.00 %4.99 %2.05 %5.07 %2.07 %5.13 %N/AN/AN/A
Interest crediting rate for determining projected benefit obligationN/A1.24 %N/A1.08 %N/A1.10 %N/AN/AN/A
Interest crediting rate for determining net periodic pension expenseN/A1.08 %N/A1.10 %N/A1.59 %N/AN/AN/A
Schedule of Changes in Benefit Obligation, Plan Assets and Funded Status
The changes in the benefit obligations, plan assets and funded status of our pension and postretirement benefit plans for fiscal 2026 and 2025 are as follows:
Pension PlansPostretirement Plans
August 31,
2026		August 31,
2025		August 31, 2026August 31, 2025
U.S. PlansNon-U.S. PlansU.S. PlansNon-U.S. PlansU.S. and Non-U.S. PlansU.S. and Non-U.S. Plans
Reconciliation of benefit obligation
Benefit obligation, beginning of year$294,318 $2,380,600 $304,342 $2,176,883 $566,784 $595,971 
Service cost741 172,896 861 151,485 21,289 25,319 
Interest cost14,102 105,445 14,564 93,986 29,810 30,171 
Participant contributions— 21,579 — 19,894 — — 
Acquisitions/divestitures/transfers— 5,526 — 6,336 — — 
Amendments— 102,490 — — — — 
Actuarial (gain) loss(10,439)(206,118)(6,457)(10,852)(278,112)(65,651)
Benefits paid(19,853)(142,540)(18,992)(111,277)(22,917)(19,063)
Exchange rate impact— (65,401)— 54,145 (266)37 
Benefit obligation, end of year$278,869 $2,374,477 $294,318 $2,380,600 $316,588 $566,784 
Reconciliation of fair value of plan assets
Fair value of plan assets, beginning of year$218,472 $1,340,365 $220,926 $1,202,348 $27,795 $29,140 
Actual return on plan assets3,168 114,005 5,864 44,832 599 332 
Acquisitions/divestitures/transfers— 6,344 — (2,915)— — 
Employer contributions 10,528 135,270 10,674 126,948 20,705 17,386 
Participant contributions— 21,579 — 19,894 — — 
Benefits paid(19,853)(142,540)(18,992)(111,277)(22,917)(19,063)
Exchange rate impact— (14,720)— 60,535 — — 
Fair value of plan assets, end of year$212,315 $1,460,303 $218,472 $1,340,365 $26,182 $27,795 
Funded status, end of year$(66,554)$(914,174)$(75,846)$(1,040,235)$(290,406)$(538,989)
Amounts recognized in the Consolidated Balance Sheets
Non-current assets$10,801 $279,119 $10,455 $161,404 $— $— 
Current liabilities(10,385)(91,148)(10,855)(63,117)(1,083)(1,058)
Non-current liabilities(66,970)(1,102,145)(75,446)(1,138,522)(289,323)(537,931)
Funded status, end of year$(66,554)$(914,174)$(75,846)$(1,040,235)$(290,406)$(538,989)
Schedule of Defined Benefit Plan in Accumulated Other Comprehensive (Gain) Loss
The pre-tax accumulated net (gain) loss and prior service (credit) cost recognized in Accumulated other comprehensive (gain) loss as of August 31, 2026 and 2025 is as follows:
Pension PlansPostretirement Plans
August 31,
2026		August 31,
2025		August 31,
2026		August 31,
2025
U.S. PlansNon-U.S. 
Plans		U.S. PlansNon-U.S. 
Plans		U.S. and Non-U.S. PlansU.S. and Non-U.S. Plans
Net (gain) loss$55,676 $5,883 $64,419 $292,577 $(362,986)$(87,367)
Prior service (credit) cost— 71,095 — (18,190)2,302 3,163 
Accumulated other comprehensive (gain) loss, pre-tax$55,676 $76,978 $64,419 $274,387 $(360,684)$(84,204)
Schedule of Accumulated Benefit Obligation
The accumulated benefit obligation for defined benefit pension plans as of August 31, 2026 and 2025 is as follows:
August 31,
2026		August 31,
2025
U.S. PlansNon-U.S.
Plans		U.S. PlansNon-U.S.
Plans
Accumulated benefit obligation$278,543 $2,107,611 $293,823 $2,089,774 
Schedule of Projected Benefit Obligation in Excess of Plan Assets
The following information is provided for defined benefit pension plans and postretirement plans with projected benefit obligations in excess of plan assets and for defined benefit pension plans with accumulated benefit obligations in excess of plan assets as of August 31, 2026 and 2025:
Pension PlansPostretirement Plans
August 31,
2026		August 31,
2025		August 31,
2026		August 31,
2025
U.S. PlansNon-U.S.
Plans		U.S. PlansNon-U.S.
Plans		U.S. and Non-U.S. PlansU.S. and Non-U.S. Plans
Projected benefit obligation in excess of plan assets
Projected benefit obligation$77,355 $1,118,653 $86,302 $1,531,376 $316,588 $566,784 
Fair value of plan assets— 162,664 — 329,737 26,182 27,795 
Schedule of Accumulated Benefit Obligation in Excess of Plan Assets
August 31,
2026		August 31,
2025
U.S. PlansNon-U.S.
Plans		U.S. PlansNon-U.S.
Plans
Accumulated benefit obligation in excess of plan assets
Accumulated benefit obligation$77,355 $1,424,429 $86,302 $1,260,569 
Fair value of plan assets— 231,135 — 320,087 
Schedule of Weighted-Average Plan Assets Allocation
Our target allocation for fiscal 2027 and weighted-average plan assets allocations as of August 31, 2026 and 2025 by asset category for defined benefit pension plans are as follows:
2027 Target
Allocation		20262025
U.S.
Plans		Non-U.S.
Plans		U.S.
Plans		Non-U.S.
Plans		U.S.
Plans		Non-U.S.
Plans
Asset Category
Equity securities— %30 %— %25 %— %23 %
Debt securities100 37 94 45 96 44 
Cash and short-term investments— 4 6 3 4 4 
Insurance contracts— 18 — 17 — 19 
Other— 11 — 10 — 10 
Total100 %100 %100 %100 %100 %100 %
Schedule of Fair Value of Plan Assets
The fair values of defined benefit pension and postretirement plan assets as of August 31, 2026 are as follows:
Non-U.S. Plans
Level 1Level 2Level 3Total
Equity
Mutual fund equity securities$33,933 $328,019 $— $361,952 
Fixed Income
U.S. government, state and local debt securities
— 30,911 — 30,911 
Non-U.S. government debt securities242,966 27,050 — 270,016 
Non-U.S. corporate debt securities12,865 — — 12,865 
Mutual fund debt securities— 340,144 — 340,144 
Cash and short-term investments41,464 — — 41,464 
Insurance contracts— 66,318 187,227 253,545 
Other— 108,091 41,315 149,406 
Total$331,228 $900,533 $228,542 $1,460,303 
The fair values of defined benefit pension and postretirement plan assets as of August 31, 2025 are as follows:
Non-U.S. Plans
Level 1Level 2Level 3Total
Equity
Mutual fund equity securities$29,567 $278,951 $— $308,518 
Fixed Income
U.S. government, state and local debt securities— 5,823 — 5,823 
Non-U.S. government debt securities237,760 35,549 — 273,309 
Non-U.S. corporate debt securities15,250 — — 15,250 
Mutual fund debt securities— 291,250 — 291,250 
Cash and short-term investments54,186 — — 54,186 
Insurance contracts— 69,219 193,119 262,338 
Other— 99,194 30,497 129,691 
Total$336,763 $779,986 $223,616 $1,340,365 
Reconciliation of Level 3 Assets
The following table provides a reconciliation of the beginning and ending balances of Level 3 assets for fiscal 2026:
Level 3 AssetsFiscal 2026
Beginning balance$223,616 
Changes in fair value4,926 
Ending Balance$228,542 
The following table provides a reconciliation of the beginning and ending balances of Level 3 assets for fiscal 2025:
Level 3 AssetsFiscal 2025
Beginning balance$211,703 
Changes in fair value11,913 
Ending Balance$223,616 
Schedule of Estimated Future Benefit Payments
Benefit payments for defined benefit pension plans and postretirement plans, which reflect expected future service, as appropriate, are expected to be paid as follows:
Pension PlansPostretirement Plans
U.S. PlansNon-U.S.
Plans		U.S. and Non-U.S. Plans
2027$21,207 $203,051 $13,529 
202822,216 191,987 14,463 
202923,012 203,670 15,520 
203023,542 217,913 16,587 
203123,784 232,103 17,582 
2032-2036114,902 1,178,642 105,487