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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
3 Months Ended
Nov. 30, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of accumulated other comprehensive income (loss)
The following tables reflect the changes in accumulated other comprehensive income (loss) ("AOCI"):
Three Months Ended November 30, 2023
(in thousands)Foreign Currency TranslationDerivativesDefined Benefit Pension PlansTotal AOCI
Balance, September 1, 2023$(126,045)$135,257 $(12,990)$(3,778)
Other comprehensive income (loss) before reclassifications(1)
23,493 (42,945)(9)(19,461)
Reclassification for gain (2)
— (1,499)— (1,499)
Net other comprehensive income (loss)
23,493 (44,444)(9)(20,960)
Balance, November 30, 2023$(102,552)$90,813 $(12,999)$(24,738)
Three Months Ended November 30, 2022
(in thousands)Foreign Currency TranslationDerivativesDefined Benefit Pension PlansTotal AOCI
Balance, September 1, 2022$(245,897)$138,242 $(6,796)$(114,451)
Other comprehensive income before reclassifications(1)
41,429 68,045 1,756 111,230 
Reclassification for (gain) loss (2)
— (6,970)(6,968)
Net other comprehensive income
41,429 61,075 1,758 104,262 
Balance, November 30, 2022$(204,468)$199,317 $(5,038)$(10,189)
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(1) Other comprehensive income (loss) before reclassifications from derivatives is presented net of income tax benefit (expense) of $10.1 million and $(15.8) million for the three months ended November 30, 2023 and 2022, respectively. Other comprehensive income (loss) before reclassifications from defined benefit pension plans is presented net of immaterial tax benefits for each period presented.
(2) Reclassifications for gains from derivatives included in net earnings are primarily recorded in cost of goods sold in the condensed consolidated statements of earnings and are presented net of tax expenses of $0.3 million and $1.7 million, for the three months ended November 30, 2023 and 2022, respectively. Reclassifications for the loss from defined benefit pension plans included in net earnings is recorded in selling, general and administrative ("SG&A") expenses in the condensed consolidated statements of earnings and is presented net of an immaterial income tax benefit for the three months ended November 30, 2022