CREDIT ARRANGEMENTS (Scheduled Maturities of Long-term Debt) (Details) - USD ($) $ in Thousands	Aug. 31, 2020	Aug. 31, 2019
Long-term Debt, Fiscal Year Maturity [Abstract]
2021	$ 3,776
2022	9,576
2023	339,565
2024	11,706
2025	9,556
Thereafter	667,863
Total long-term debt, excluding finance leases	1,042,042
Less debt issuance costs	8,581	$ 10,268
Total long-term debt outstanding, excluding finance leases	$ 1,033,461

Long-term Debt, Net of Finance Leases

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Amount, after accumulated amortization, of debt issuance costs. Includes, but is not limited to, legal, accounting, underwriting, printing, and registration costs.

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Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.

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Amount of long-term debt payable, sinking fund requirement, and other securities issued that are redeemable by holder at fixed or determinable price and date, maturing after fifth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).

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Amount of long-term debt payable, sinking fund requirement, and other securities issued that are redeemable by holder at fixed or determinable price and date, maturing in next fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).

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