Accumulated Other Comprehensive Loss

12 Months Ended

Aug. 31, 2019

Equity [Abstract]

Accumulated Other Comprehensive Loss

Note G – Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss includes certain adjustments to pension liabilities, foreign currency translation adjustments, certain activity for interest rate swaps and treasury rate locks that qualify as cash flow hedges and unrealized gains (losses) on available-for-sale debt securities. Changes in Accumulated Other Comprehensive Loss consisted of the following:

(in thousands)	Pension Liability			Foreign Currency(2)			Net Unrealized Gain (Loss) on Securities			Derivatives			Total
Balance at August 26, 2017	$	(72,376	)	$	(175,814	)	$	(11	)	$	(6,356	)	$	(254,557	)
Other comprehensive income (loss) before reclassifications		77,774			(53,085	)		(800	)		—			23,889
Amounts reclassified from Accumulated Other Comprehensive Loss (1)		7,724	(4)		—			(62	)(5)		1,690	(6)		9,352
Adoption of ASU 2018-02(3)		(13,122	)		—			—			(1,367	)		(14,489	)
Balance at August 25, 2018		—			(228,899	)		(873	)		(6,033	)		(235,805	)
Other Comprehensive (Loss) income before reclassifications		—			(36,699	)		1,498			—			(35,201	)
Amounts reclassified from Accumulated Other Comprehensive Loss (1)		—			—			(34	)(5)		1,718	(6)		1,684
Balance at August 31, 2019	$	—		$	(265,598	)	$	591		$	(4,315	)	$	(269,322	)

(1) Amounts in parentheses indicate debits to Accumulated Other Comprehensive Loss (AOCL).

(2) Foreign currency is shown net of U.S. tax to account for foreign currency impacts of certain undistributed non-U.S. subsidiaries earnings. Other foreign currency is not shown net of additional U.S. tax as other basis differences of non-U.S. subsidiaries are intended to be permanently reinvested.

(3) Represents the tax effects from deferred tax items reclassified from AOCL to retained earnings related to the adoption of ASU 2018-02.

(4) The amounts reclassified from AOCL associated with our pension plans have been reclassified to Operating, selling, general and administrative expenses on the Consolidated Statements of Income as a result of the termination of the plans. See “Note L – Pension and Savings Plans” for further discussion.

(5) Represents realized gains on marketable debt securities, net of taxes of $389 in fiscal 2019 and realized losses on marketable debt securities, net of tax benefit of $234 in fiscal 2018, which is recorded in Operating, selling, general, and administrative expenses on the Consolidated Statements of Income. See “Note F – Marketable Debt Securities” for further discussion.

(6) Represents gains and losses on derivatives, net of taxes of $530 in fiscal 2019 and $515 in fiscal 2018, which is recorded in Interest expense, net, on the Consolidated Statements of Income. See “Note H – Derivative Financial Instruments” for further discussion.