XML 99 R81.htm IDEA: XBRL DOCUMENT v3.20.2
Stock-based Compensation - Summary of Weighted Average Assumptions (Details) - $ / shares
12 Months Ended
Aug. 31, 2020
Aug. 31, 2019
Aug. 31, 2018
Stock options | Employee      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Dividend yield 1.09% 1.15% 1.32%
Weighted average estimated fair value (in dollars per share) $ 60.33 $ 57.12 $ 48.39
Weighted average exercise price (in dollars per share) $ 256.43 $ 224.35 $ 190.42
Fair value as a percentage of exercise price 23.50% 25.50% 25.40%
Stock options | Director Plan | Non-employee directors      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Term structure of risk-free interest rate 164.00% 2.51% 2.34%
Expected life 5 years 4 months 24 days 5 years 4 months 24 days 5 years 4 months 24 days
Term structure of volatility 22.00% 20.50% 19.70%
Dividend yield 111.00% 1.17% 1.16%
Weighted average estimated fair value (in dollars per share) $ 54.74 $ 42.77 $ 38.76
ESPP      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Term structure of risk-free interest rate 0.95% 2.33% 1.55%
Expected life 3 months 3 months 3 months
Term structure of volatility 20.04% 10.89% 10.19%
Dividend yield 1.08% 1.12% 1.27%
Weighted average estimated fair value (in dollars per share) $ 50.69 $ 41.06 $ 31.83
Weighted average exercise price (in dollars per share) $ 234.41 $ 205.64 $ 160.34
Minimum | Stock options | Employee      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Term structure of risk-free interest rate 0.10% 1.28% 1.28%
Expected life 7 years 2 months 12 days 7 years 1 month 6 days 7 years 4 months 24 days
Term structure of volatility 25.00% 18.00% 19.00%
Maximum | Stock options | Employee      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Term structure of risk-free interest rate 1.79% 3.14% 2.41%
Expected life 7 years 2 months 12 days 7 years 1 month 6 days 7 years 4 months 24 days
Term structure of volatility 25.00% 29.00% 29.00%