DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

May 31, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Notional and Fair Values of All Derivative Instruments

The notional and fair values of all derivative instruments were as follows:

	May 31, 2018			August 31, 2017
Assets
Cash Flow Hedges
Other current assets	$	67,961		$	133,935
Other non-current assets	11,028			82,770
Other Derivatives
Other current assets	8,052			11,470
Total assets	$	87,041		$	228,175
Liabilities
Cash Flow Hedges
Other accrued liabilities	$	28,284		$	21,632
Other non-current liabilities	34,321			17,244
Other Derivatives
Other accrued liabilities	25,200			12,242
Total liabilities	$	87,805		$	51,118
Total fair value	$	(764	)	$	177,057
Total notional value	$	7,149,152		$	9,290,345

Offsetting Derivative Assets and Liabilities Table

We utilize standard counterparty master agreements containing provisions for the netting of certain foreign currency transaction obligations and for the set-off of certain obligations in the event of an insolvency of one of the parties to the transaction. In the Consolidated Balance Sheets, we record derivative assets and liabilities at gross fair value. The potential effect of netting derivative assets against liabilities under the counterparty master agreements was as follows:

	May 31, 2018			August 31, 2017
Net derivative assets	$	29,766		$	189,066
Net derivative liabilities	30,530			12,009
Total fair value	$	(764	)	$	177,057