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ACCOUNTS RECEIVABLE PROGRAMS
 6 Months Ended
Feb. 28, 2019
Transfers and Servicing [Abstract]  
Accounts Receivable Programs
NOTE 6. ACCOUNTS RECEIVABLE PROGRAMS

As an additional source of liquidity, the Company sells certain trade accounts receivable both in the U.S. and Poland (hereinafter referred to as the “Programs”). For years prior to fiscal 2019, the Company accounted for transfers of trade accounts receivable under the Programs as sales of financial assets, and the trade accounts receivable balances sold were removed from the consolidated balance sheets. On September 1, 2018, the Company amended certain terms of the Programs, disqualifying the sale of such receivables from being accounted for as sales of financial assets. For activity in the Programs occurring prior to the September 1, 2018 amendment, disclosures required under ASC 860-20-50 are provided below. See Note 9, Credit Arrangements, for further details regarding the Programs.

Prior to September 1, 2018, in exchange for trade receivables transferred into the Programs, the Company received either cash (referred to as a cash purchase price or “CPP”) or a deferred purchase price (“DPP”). Upon adoption of ASU 2016-15, the CPP received was reflected as cash provided by operating activities in the Company's consolidated statements of cash flows, and cash received to settle the DPP related to the transfer of receivables was included as part of investing activities in the Company's consolidated statement of cash flows. For periods prior to fiscal 2019, DPP on the Programs was included in accounts receivable on the Company's unaudited condensed consolidated balance sheets.

 
 
Six Months Ended February 28, 2018
(in thousands)
 
Total
 
U.S.
 
Poland
Deferred purchase price
 
 
 
 
 
 
Balance, August 31, 2017
 
$
215,123

 
$
135,623

 
$
79,500

Transfers of trade receivables
 
1,345,646

 
1,087,650

 
257,996

Less: CPP
 
(992,154
)
 
(812,120
)
 
(180,034
)
Non-cash increase to DPP
 
353,492

 
275,530

 
77,962

Cash collections of DPP
 
(322,403
)
 
(256,269
)
 
(66,134
)
Net repayments (advances)
 
90,000

 
90,000

 
—

Net collections of DPP
 
(232,403
)
 
(166,269
)
 
(66,134
)
Balance, February 28, 2018
 
$
336,212

 
$
244,884

 
$
91,328



At February 28, 2018, the Company transferred $338.0 million of trade accounts receivable to the financial institutions and had no advance payments outstanding under the Programs.

Discounts related to the Programs were immaterial for the three and six months ended February 28, 2018.