Income Tax Disclosure [Abstract] | Period [Axis] |
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2015-09-01 - 2016-08-31 |
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Income Tax Disclosure [Abstract] | |
Current and Deferred Income Taxes by Period | | | | | | | | | | | | | | | Fiscal | | 2016 | | 2015 | | 2014 | Current taxes | | | | | | U.S. federal | $ | 314,121 |
| | $ | 617,488 |
| | $ | 397,722 |
| U.S. state and local | 38,255 |
| | 72,133 |
| | 46,854 |
| Non-U.S. | 835,653 |
| | 906,229 |
| | 751,259 |
| Total current tax expense | 1,188,029 |
| | 1,595,850 |
| | 1,195,835 |
| Deferred taxes | | | | | | U.S. federal | 8,588 |
| | (94,621 | ) | | 26,941 |
| U.S. state and local | 1,056 |
| | (11,245 | ) | | 2,911 |
| Non-U.S. | 56,296 |
| | (353,243 | ) | | (103,944 | ) | Total deferred tax expense (benefit) | 65,940 |
| | (459,109 | ) | | (74,092 | ) | Total | $ | 1,253,969 |
| | $ | 1,136,741 |
| | $ | 1,121,743 |
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Components of Income Before Income Taxes | The components of Income before income taxes were as follows: | | | | | | | | | | | | | | Fiscal | | 2016 | | 2015 | | 2014 | U.S. sources | $ | 1,047,909 |
| | $ | 1,321,511 |
| | $ | 1,119,627 |
| Non-U.S. sources | 4,555,663 |
| | 3,089,019 |
| | 3,178,074 |
| Total | $ | 5,603,572 |
| | $ | 4,410,530 |
| | $ | 4,297,701 |
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Reconciliation of the U.S. Federal Statutory Income Tax Rate to Effective Tax Rate | The reconciliation of the U.S. federal statutory income tax rate to the Company’s effective income tax rate was as follows: | | | | | | | | | | | Fiscal | | 2016 | | 2015 | | 2014 | U.S. federal statutory income tax rate | 35.0 | % | | 35.0 | % | | 35.0 | % | U.S. state and local taxes, net | 1.1 |
| | 1.3 |
| | 1.3 |
| Non-U.S. operations taxed at lower rates | (12.0 | ) | | (15.4 | ) | | (12.1 | ) | Final determinations (1) | (2.1 | ) | | (5.1 | ) | | (1.7 | ) | Other net activity in unrecognized tax benefits
| 2.7 |
| | 3.2 |
| | 3.0 |
| Change in indefinite reinvestment assertion
| (0.6 | ) | | 5.6 |
| | — |
| Divestitures | (3.4 | ) | | — |
| | — |
| Other, net | 1.7 |
| | 1.2 |
| | 0.6 |
| Effective income tax rate | 22.4 | % | | 25.8 | % | | 26.1 | % |
_______________ | | (1) | Final determinations include final agreements with tax authorities and expirations of statutes of limitations. |
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Components of Deferred Tax Assets And Liabilities | The components of the Company’s deferred tax assets and liabilities included the following: | | | | | | | | | | August 31, 2016 | | August 31, 2015 | Deferred tax assets | | | | Pensions | $ | 306,776 |
| | $ | 278,944 |
| Revenue recognition | 113,890 |
| | 112,113 |
| Compensation and benefits | 797,707 |
| | 558,127 |
| Share-based compensation | 262,508 |
| | 262,040 |
| Tax credit carryforwards | 898,073 |
| | 914,716 |
| Net operating loss carryforwards | 131,018 |
| | 119,463 |
| Depreciation and amortization | 97,015 |
| | 97,218 |
| Deferred amortization deductions | 687,351 |
| | 687,406 |
| Indirect effects of unrecognized tax benefits | 354,544 |
| | 357,031 |
| Other | 139,105 |
| | 157,449 |
| | 3,787,987 |
| | 3,544,507 |
| Valuation allowance | (980,196 | ) | | (963,874 | ) | Total deferred tax assets | 2,807,791 |
| | 2,580,633 |
| Deferred tax liabilities | | | | Revenue recognition | (109,749 | ) | | (75,352 | ) | Depreciation and amortization | (205,431 | ) | | (167,467 | ) | Investments in subsidiaries | (330,673 | ) | | (213,351 | ) | Other | (195,646 | ) | | (125,907 | ) | Total deferred tax liabilities | (841,499 | ) | | (582,077 | ) | Net deferred tax assets | $ | 1,966,292 |
| | $ | 1,998,556 |
|
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Reconciliation of Unrecognized Tax Benefits | A reconciliation of the beginning and ending amounts of unrecognized tax benefits was as follows: | | | | | | | | | | Fiscal | | 2016 | | 2015 | Balance, beginning of year | $ | 997,935 |
| | $ | 1,333,606 |
| Additions for tax positions related to the current year | 163,097 |
| | 155,637 |
| Additions for tax positions related to prior years | 126,353 |
| | 97,694 |
| Reductions for tax positions related to prior years | (63,782 | ) | | (470,147 | ) | Statute of limitations expirations | (208,295 | ) | | (28,116 | ) | Settlements with tax authorities | (3,703 | ) | | (33,743 | ) | Foreign currency translation | (25,850 | ) | | (56,996 | ) | Balance, end of year | $ | 985,755 |
| | $ | 997,935 |
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