ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

9 Months Ended

May 31, 2024

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated other comprehensive income (loss)

NOTE 3. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following tables reflect the changes in accumulated other comprehensive income (loss) ("AOCI"):

	Three Months Ended May 31, 2024
(in thousands)	Foreign Currency Translation		Derivatives		Defined Benefit Pension Plans		Total AOCI
Balance, March 1, 2024	$	(101,211)	$	42,700	$	(13,008)	$	(71,519)
Other comprehensive income (loss) before reclassifications(1)	9,845		(29,559)		(9)		(19,723)
Reclassification for loss(2)	—		553		—		553
Net other comprehensive income (loss)	9,845		(29,006)		(9)		(19,170)
Balance, May 31, 2024	$	(91,366)	$	13,694	$	(13,017)	$	(90,689)
	Nine Months Ended May 31, 2024
(in thousands)	Foreign Currency Translation		Derivatives		Defined Benefit Pension Plans		Total AOCI
Balance, September 1, 2023	$	(126,045)	$	135,257	$	(12,990)	$	(3,778)
Other comprehensive income (loss) before reclassifications(1)	34,679		(120,428)		(27)		(85,776)
Reclassification for gain(2)	—		(1,135)		—		(1,135)
Net other comprehensive income (loss)	34,679		(121,563)		(27)		(86,911)
Balance, May 31, 2024	$	(91,366)	$	13,694	$	(13,017)	$	(90,689)

	Three Months Ended May 31, 2023
(in thousands)	Foreign Currency Translation		Derivatives		Defined Benefit Pension Plans		Total AOCI
Balance, March 1, 2023	$	(192,840)	$	222,411	$	(5,075)	$	24,496
Other comprehensive income (loss) before reclassifications(1)	42,723		(11,848)		(94)		30,781
Reclassification for gain(2)	—		(295)		—		(295)
Net other comprehensive income (loss)	42,723		(12,143)		(94)		30,486
Balance, May 31, 2023	$	(150,117)	$	210,268	$	(5,169)	$	54,982
	Nine Months Ended May 31, 2023
(in thousands)	Foreign Currency Translation		Derivatives		Defined Benefit Pension Plans		Total AOCI
Balance, September 1, 2022	$	(245,897)	$	138,242	$	(6,796)	$	(114,451)
Other comprehensive income before reclassifications(1)	95,780		80,154		1,627		177,561
Reclassification for gain(2)	—		(8,128)		—		(8,128)
Net other comprehensive income	95,780		72,026		1,627		169,433
Balance, May 31, 2023	$	(150,117)	$	210,268	$	(5,169)	$	54,982

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(1) Other comprehensive income (loss) ("OCI") before reclassifications from derivatives is presented net of income tax (expense) benefit of $6.9 million and $28.4 million for the three and nine months ended May 31, 2024, respectively, and $2.8 million and $(18.4) million for the three and nine months ended May 31, 2023, respectively. OCI before reclassifications from defined benefit pension plans is presented net of immaterial income tax impacts.

(2) Reclassifications for (gains) losses 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 immaterial income tax impacts.