CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Aug. 31, 2022	Aug. 31, 2021
Current assets:
Cash and cash equivalents	$ 672,596	$ 497,745
Accounts receivable (less allowance for doubtful accounts of $4,990 and $5,553)	1,358,907	1,105,580
Inventories	1,169,696	935,387
Prepaid and other current assets	240,209	173,033
Assets held for sale	60	25,083
Total current assets	3,441,468	2,736,828
Property, plant and equipment:
Land	155,237	123,135
Buildings and improvements	799,715	792,915
Equipment	2,440,910	2,435,541
Construction in process	489,031	147,166
Property, plant and equipment, Gross	3,884,893	3,498,757
Less accumulated depreciation and amortization	(1,974,022)	(1,932,634)
Property, plant and equipment, Net	1,910,871	1,566,123
Intangible assets, net	257,409	10,117
Goodwill	249,009	66,137
Other noncurrent assets	378,270	259,466
Total assets	6,237,027	4,638,671
Current liabilities:
Accounts payable	428,055	450,723
Accrued expenses and other payables	540,136	475,384
Current maturities of long-term debt and short-term borrowings	388,796	54,366
Total current liabilities	1,356,987	980,473
Deferred income taxes	250,302	112,067
Other noncurrent liabilities	230,060	235,607
Long-term debt	1,113,249	1,015,415
Total liabilities	2,950,598	2,343,562
Commitments and contingencies (Note 18)
Stockholders' equity:
Common stock, par value $0.01 per share; authorized 200,000,000 shares; issued 129,060,664 shares; outstanding 117,496,053 and 120,586,589 shares	1,290	1,290
Additional paid-in capital	382,767	368,064
Accumulated other comprehensive loss	(114,451)	(84,820)
Retained earnings	3,312,438	2,162,925
Less treasury stock, 11,564,611 and 8,474,075 shares at cost	(295,847)	(152,582)
Stockholders' equity	3,286,197	2,294,877
Stockholders' equity attributable to non-controlling interests	232	232
Total stockholders' equity	3,286,429	2,295,109
Total liabilities and stockholders' equity	$ 6,237,027	$ 4,638,671
Common Stock, Shares, Issued	129,060,664	129,060,664
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

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- Definition

Carrying value as of the balance sheet date of obligations incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).