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Related Party Transactions
9 Months Ended
May 31, 2016
Related Party Transactions [Abstract]  
Related Party Transactions
Related Party Transactions

The Company purchases recycled metal from its joint venture operations at prices that approximate fair market value. These purchases totaled $3 million and $4 million for the three months ended May 31, 2016 and 2015, respectively, and $9 million and $17 million for the nine months ended May 31, 2016 and 2015, respectively.
Thomas D. Klauer, Jr., who had been President of the Company’s former Auto Parts Business prior to his retirement on January 5, 2015, is the sole shareholder of a corporation that is the 25% minority partner in a partnership in which the Company is the 75% partner and which operated five self-service stores in Northern California as of the date of his retirement. Mr. Klauer’s 25% share of the profits of this partnership totaled $1 million in fiscal 2015 through the date of his retirement in January 2015. The partnership leases properties from entities in which Mr. Klauer has ownership interests under agreements that expire in December 2020 with options to renew the leases, upon expiration, for multiple periods. The rent paid by the partnership to the entities in which Mr. Klauer has ownership interests was less than $1 million in fiscal 2015 through the date of his retirement in January 2015.