0001013237-22-000159 | 10-K | XBRL Viewer | Factset Research Systems INC

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Cover - USD ($)	12 Months Ended
Cover - USD ($)	Aug. 31, 2022	Oct. 10, 2022	Feb. 28, 2022
Entity Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Aug. 31, 2022
Current Fiscal Year End Date	--08-31
Document Transition Report	false
Entity File Number	1-11869
Entity Registrant Name	FACTSET RESEARCH SYSTEMS INC
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	13-3362547
Entity Address, Address Line One	45 Glover Avenue
Entity Address, City or Town	Norwalk
Entity Address, State or Province	CT
Entity Address, Postal Zip Code	06850
City Area Code	203
Local Phone Number	810-1000
Title of 12(b) Security	Common Stock, $0.01 Par Value
Trading Symbol	FDS
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 15,374,820,800
Entity Common Stock, Shares Outstanding		38,079,436
Documents Incorporated by Reference	Certain information required by Part III of this Annual Report on Form 10-K is incorporated by reference to our definitive Proxy Statement for our 2022 Annual Meeting of Stockholders, which will be filed with the Securities and Exchange Commission not later than 120 days after August 31, 2022.
Entity Central Index Key	0001013237
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Amendment Flag	false
New York Stock Exchange LLC
Entity Information [Line Items]
Security Exchange Name	NYSE
The Nasdaq Stock Market
Entity Information [Line Items]
Security Exchange Name	NASDAQ

Audit Information	12 Months Ended
Audit Information	Aug. 31, 2022
Audit Information [Abstract]
Auditor Firm ID	42
Auditor Name	Ernst & Young LLP
Auditor Location	Stamford, CT

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020
Income Statement [Abstract]
Revenues	$ 1,843,892	$ 1,591,445	$ 1,494,111
Operating expenses
Cost of services	871,106	786,400	695,446
Selling, general and administrative	433,032	331,004	342,505
Asset impairments	64,272	0	16,500
Total operating expenses	1,368,410	1,117,404	1,054,451
Operating income	475,482	474,041	439,660
Other income (expense), net
Interest expense, net	(29,522)	(6,394)	(9,829)
Other income (expense), net	(2,366)	(30)	(2,697)
Total other income (expense), net	(31,888)	(6,424)	(12,526)
Income before income taxes	443,594	467,617	427,134
Provision for income taxes	46,677	68,027	54,196
Net income	$ 396,917	$ 399,590	$ 372,938
Basic earnings per common share (in dollars per share)	$ 10.48	$ 10.56	$ 9.83
Diluted earnings per common share (in dollars per share)	$ 10.25	$ 10.36	$ 9.65
Basic weighted average common shares (in shares)	37,864	37,856	37,936
Diluted weighted average common shares (in shares)	38,736	38,570	38,646

Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands

12 Months Ended

Aug. 31, 2022

Aug. 31, 2021

Aug. 31, 2020

Statement of Comprehensive Income [Abstract]

Net income

$ 396,917

$ 399,590

$ 372,938

Other comprehensive income (loss), net of tax

Net unrealized (loss) gain on cash flow hedges

^[1]

5,245

(504)

674

Foreign currency translation adjustment gains (losses)

(74,666)

835

34,577

Other comprehensive income (loss)

(69,421)

331

35,251

Comprehensive income

$ 327,496

$ 399,921

$ 408,189

[1]	For the fiscal years ended August 31, 2022, 2021 and 2020, the net unrealized gain (loss) on cash flow hedges disclosed above were net of a tax expense of $1,657 thousand, tax benefit of $162 thousand, and a tax expense of $251 thousand, respectively.

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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+ Details

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020
Statement of Comprehensive Income [Abstract]
Net unrealized gain (loss) on cash flow hedges, tax expense (benefit)	$ 1,657	$ (162)	$ 251

Consolidated Balance Sheets - USD ($) $ in Thousands	Aug. 31, 2022	Aug. 31, 2021
ASSETS
Cash and cash equivalents	$ 503,273	$ 681,865
Investments	33,219	35,984
Accounts receivable, net of reserves of $2,776 at August 31, 2022 and $6,431 at August 31, 2021	204,102	151,187
Prepaid taxes	38,539	13,917
Prepaid expenses and other current assets	91,214	50,625
Total current assets	870,347	933,578
Property, equipment and leasehold improvements, net	80,843	131,377
Goodwill	965,848	754,205
Intangible assets, net	1,895,909	134,986
Deferred taxes	3,153	2,250
Lease right-of-use assets, net	159,458	239,064
Other assets	38,747	29,480
TOTAL ASSETS	4,014,305	2,224,940
LIABILITIES
Accounts payable and accrued expenses	108,395	85,777
Current lease liabilities	29,185	31,576
Accrued compensation	114,808	104,403
Deferred revenues	152,039	63,104
Dividends payable	33,860	30,845
Total current liabilities	438,287	315,705
Long-term debt	1,982,424	574,535
Deferred taxes	8,800	14,752
Deferred revenues, non-current	7,212	8,394
Taxes payable	34,211	30,279
Long-term lease liabilities	208,622	259,980
Other liabilities	3,341	4,942
TOTAL LIABILITIES	2,682,897	1,208,587
Commitments and contingencies (see Note 13)
STOCKHOLDERS’ EQUITY
Preferred stock, $0.01 par value, 10,000,000 shares authorized, none issued	0	0
Common stock, $0.01 par value, 150,000,000 shares authorized, 41,653,218 and 41,163,192 shares issued, 38,044,756 and 37,615,419 shares outstanding at August 31, 2022 and 2021, respectively	417	412
Additional paid-in capital	1,190,350	1,048,305
Treasury stock, at cost: 3,608,462 and 3,547,773 shares at August 31, 2022 and 2021, respectively	(930,715)	(905,917)
Retained earnings	1,179,739	912,515
Accumulated other comprehensive loss	(108,383)	(38,962)
TOTAL STOCKHOLDERS’ EQUITY	1,331,408	1,016,353
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 4,014,305	$ 2,224,940

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Aug. 31, 2022	Aug. 31, 2021
Statement of Financial Position [Abstract]
Accounts receivable, reserves	$ 2,776	$ 6,431
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, authorized (in shares)	10,000,000	10,000,000
Preferred stock, issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	150,000,000	150,000,000
Common stock, issued (in shares)	41,653,218	41,163,192
Common stock, outstanding (in shares)	38,044,756	37,615,419
Treasury stock (in shares)	3,608,462	3,547,773

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 396,917	$ 399,590	$ 372,938
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	86,683	64,476	57,614
Amortization of lease right-of-use assets	43,032	42,846	43,185
Stock-based compensation expense	56,003	45,065	36,579
Deferred income taxes	(8,715)	(4,602)	10,626
Impairment charge	64,272	0	16,500
Changes in assets and liabilities, net of effects of acquisitions
Accounts receivable, net of reserves	(32,980)	3,646	(8,608)
Accounts payable and accrued expenses	12,815	2,068	12,427
Accrued compensation	14,524	21,815	16,446
Deferred fees	(6,100)	5,078	5,571
Taxes payable, net of prepaid taxes	(19,275)	26,298	(24,224)
Lease liabilities, net	(48,628)	(42,750)	(33,340)
Other, net	(20,271)	(8,304)	126
Net cash provided by operating activities	538,277	555,226	505,840
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property, equipment, leasehold improvements and internal-use software	(51,156)	(61,325)	(77,642)
Acquisition of businesses, net of cash and cash equivalents acquired	(1,981,641)	(58,056)	0
Purchases of investments	(878)	(18,787)	(2,736)
Proceeds from maturity or sale of investments	0	2,176	6,746
Net cash used in investing activities	(2,033,675)	(135,992)	(73,632)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from debt	2,238,355	0	0
Repayment of debt	(825,000)	0	0
Payments of debt issuance costs	(9,736)	0	0
Dividend payments	(125,934)	(117,927)	(110,439)
Proceeds from employee stock plans	86,047	64,177	95,520
Repurchases of common stock	(18,639)	(264,702)	(199,625)
Other financing activities	(5,859)	(4,259)	(3,531)
Net cash provided by/(used in) financing activities	1,339,234	(322,711)	(218,075)
Effect of exchange rate changes on cash and cash equivalents	(22,428)	(263)	11,673
Net (decrease) increase in cash and cash equivalents	(178,592)	96,260	225,806
Cash and cash equivalents at beginning of period	681,865	585,605	359,799
Cash and cash equivalents at end of period	503,273	681,865	585,605
Supplemental Disclosure of Cash Flow Information
Cash paid during the year for interest	29,525	8,021	12,876
Cash paid during the year for income taxes, net of refunds	76,252	46,588	69,092
Supplemental Disclosure of Non-Cash Transactions
Dividends declared, not paid	$ 33,860	$ 30,845	$ 29,283

Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Treasury Stock	Retained Earnings	Accumulated Other Comprehensive Loss
Common stock, balance (in shares) at Aug. 31, 2019	38,118,000	40,104,192
Treasury stock, balance (in shares) at Aug. 31, 2019				1,986,352
Balance at Aug. 31, 2019	$ 672,256	$ 401	$ 806,973	$ (433,799)	$ 373,225	$ (74,544)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	372,938				372,938
Other comprehensive income (loss)	$ 35,251					35,251
Common stock issued for employee stock plans (in shares)	663,000	630,520		75
Common stock issued for employee stock plans	$ 95,501	$ 7	95,515	$ (21)
Vesting of restricted stock (shares)		32,996		11,945
Vesting of restricted stock	(3,511)			$ (3,511)
Repurchase of common stock (in shares)				739,084
Repurchases of common stock	(199,625)			$ (199,625)
Stock-based compensation	36,579		36,579
Dividends declared	$ (113,014)				(113,014)
Common stock, balance (in shares) at Aug. 31, 2020	38,030,000	40,767,708
Treasury stock, balance (in shares) at Aug. 31, 2020				2,737,456
Balance at Aug. 31, 2020	$ 896,375	$ 408	939,067	$ (636,956)	633,149	(39,293)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	399,590				399,590
Other comprehensive income (loss)	$ 331					331
Common stock issued for employee stock plans (in shares)	395,000	360,877		318
Common stock issued for employee stock plans	$ 64,073	$ 4	64,173	$ (104)
Vesting of restricted stock (shares)		34,607		12,614
Vesting of restricted stock	$ (4,155)			$ (4,155)
Repurchase of common stock (in shares)	797,385			797,385
Repurchases of common stock	$ (264,702)			$ (264,702)
Stock-based compensation	45,065		45,065
Dividends declared	$ (120,224)				(120,224)
Common stock, balance (in shares) at Aug. 31, 2021	37,615,419	41,163,192
Treasury stock, balance (in shares) at Aug. 31, 2021	3,547,773			3,547,773
Balance at Aug. 31, 2021	$ 1,016,353	$ 412	1,048,305	$ (905,917)	912,515	(38,962)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	396,917				396,917
Other comprehensive income (loss)	$ (69,421)					(69,421)
Common stock issued for employee stock plans (in shares)	490,000	450,527		260
Common stock issued for employee stock plans	$ 85,919	$ 5	86,042	$ (128)
Vesting of restricted stock (shares)		39,499		14,229
Vesting of restricted stock	$ (6,031)			$ (6,031)
Repurchase of common stock (in shares)	46,200			46,200
Repurchases of common stock	$ (18,639)			$ (18,639)
Stock-based compensation	56,003		56,003
Dividends declared	$ (129,693)				(129,693)
Common stock, balance (in shares) at Aug. 31, 2022	38,044,756	41,653,218
Treasury stock, balance (in shares) at Aug. 31, 2022	3,608,462			3,608,462
Balance at Aug. 31, 2022	$ 1,331,408	$ 417	$ 1,190,350	$ (930,715)	$ 1,179,739	$ (108,383)

Description of Business	12 Months Ended
Description of Business	Aug. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business	DESCRIPTION OF BUSINESS FactSet Research Systems Inc. and its wholly-owned subsidiaries (collectively, "we," "our," "us," the "Company" or "FactSet") is a global financial data and analytics company with an open and flexible digital platform that drives the investment community to see more, think bigger, and do its best work. Our strategy is to build the leading open content and analytics platform to deliver a differentiated advantage for our clients’ success. For more than 40 years, the FactSet platform has delivered expansive data, sophisticated analytics, and flexible technology used by global financial professionals to power their critical investment workflows. As of August 31, 2022, we had more than 7,500 clients comprised of approximately 180,000 investment professionals, including asset managers, bankers, wealth managers, asset owners, channel partners, hedge funds, corporate users, private equity and venture capital professionals. Our on- and off-platform solutions span the investment lifecycle to include investment research, portfolio construction and analysis, trade execution, performance measurement, risk management and reporting. Our revenues are primarily derived from subscriptions to our multi-asset class data and solutions powered by our connected content ("content refinery"). Our products and services include workstations, portfolio analytics and enterprise solutions. We provide financial data and market intelligence on securities, companies, industries and people to enable our clients to research investment ideas, as well as to analyze, monitor and manage their portfolios. We combine dedicated client service with open and flexible technology offerings, including a configurable desktop and mobile platform, comprehensive data feeds, cloud-based digital solutions and application programming interfaces ("APIs"). Our CGS business supports security master files relied on by the investment industry for critical front, middle and back office functions. We drive our business based on our detailed understanding of our clients’ workflows, which helps us to solve their most complex challenges. We provide them with an open digital platform, connected and reliable data, next-generation workflow solutions and highly committed service specialists. We operate our business through three reportable segments ("segments"): the Americas, EMEA and Asia Pacific. Refer to Note 18, Segment Information, for further discussion. For each of our segments, we execute our strategy through three workflow solutions: Research & Advisory; Analytics & Trading; and Content & Technology Solutions ("CTS").

Significant Accounting Policies	12 Months Ended
Significant Accounting Policies	Aug. 31, 2022
Accounting Policies [Abstract]
Significant Accounting Policies	SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation We conduct business globally and manage our business on a geographic basis. The accompanying Consolidated Financial Statements and Notes to the Consolidated Financial Statements included in this Annual Report on Form 10-K are prepared in accordance with generally accepted accounting principles in the United States ("GAAP") for annual financial information and the instructions to Form 10-K and Article 10 of Regulation S-X. The accompanying Consolidated Financial Statements include our accounts and those of our wholly-owned subsidiaries; all intercompany activity and balances have been eliminated. The Company has evaluated subsequent events through the date that the financial statements were issued. Reclassification We reclassified a fiscal 2020 comparative figure related to the impairment of an investment in a company from Selling, general and administrative to Asset impairments in the Consolidated Statement of Income to conform to the current year's presentation. Use of Estimates The preparation of our Consolidated Financial Statements and related disclosures in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Significant estimates may have been made in areas that include income taxes, stock-based compensation, goodwill and intangible assets, business combinations, long-live assets and contingencies. We base our estimates on historical experience and on various other assumptions that are believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities. Actual results could differ from those estimates. Revenue Recognition The majority of our revenues are derived from client access to our multi-asset solutions powered by our suite of connected content available over the contractual term (referred to as the "hosted platform"). The hosted platform is a subscription-based service that provides client access to various combinations of products and services including workstations, portfolio analytics, and enterprise solutions. We also provide subscription access to a database of universally recognized identifiers reflecting differentiating characteristics for issuers and their financial instruments (referred to as the "identifier platform"). We determined that the majority of each of our hosted platform and identifier platform services represents a single performance obligation covering a series of distinct products and services that are substantially the same and that have the same pattern of transfer to the client. The primary nature of the promise to the client is to provide daily access to each of these data and analytics platforms, with revenue recognized over-time as performance is satisfied on an output time-based measure of progress, as the client is simultaneously receiving and consuming the benefits of the platform. We record deferred revenues when cash payments are received or we have a contractual right to bill in advance. Stock-Based Compensation We measure compensation expense for all stock-based awards made to employees and members of our board of directors ("non-employees"), using the Black-Scholes model or the lattice-binomial option-pricing model ("binomial model") to calculate the grant-date fair value. Both models involve several assumptions, including the expected term of the awards, volatility of our common stock, risk-free interest rates and our dividend yield. We rely on the Black-Scholes model for our non-employee options, non-employee restricted stock units and common stock acquired under our employee stock purchase plan and the binomial model for our employee stock options, employee restricted stock units and employee performance share units. The binomial model incorporates market conditions, vesting restrictions and exercise patterns. For restricted stock units and performance share units, the grant date fair value is measured by reducing the grant date price of our common stock by the present value of the dividends expected to be paid on the underlying stock during the requisite service period, discounted at the appropriate risk-free interest rate. For stock-based awards with service conditions, we use the straight-line method to recognize compensation expense over the requisite service period. For stock-based awards that also include performance conditions, the graded vesting method is used to determine compensation expense over the requisite service period if achievement of the performance condition is determined to be probable, which is reviewed on a quarterly basis. Compensation expense for all stock-based awards is recorded net of estimated forfeitures which are based on historical forfeiture rates and revised if actual forfeitures differ from those estimates. For our employee stock purchase plan, compensation expense is recognized on a straight-line basis over the offering period. Research and Product Development Costs We do not have a separate research and product development ("R&D") department, but rather these costs primarily consist of non-compensatory employee expenses, such as salaries and related benefits for our product development, software engineering and technical support departments and certain third parties, collaborating with our strategists, product and content managers, technologists, sales and other team members to develop new products and process innovations and enhance existing products. Our R&D costs are expensed as incurred and are primarily recorded in employee compensation costs (included in our Cost of services and SG&A expenses in the Consolidated Statements of Income). We incurred research and product development costs of $255.1 million, $250.1 million and $224.0 million during fiscal years 2022, 2021 and 2020, respectively. Income Taxes We account for income taxes using the asset and liability method, under which deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities and for operating losses and tax credit carryforwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates that apply to taxable income in effect for the years in which they are expected to be realized or settled. Deferred tax assets are evaluated for future realization and reduced by a valuation allowance to the amount that is more likely than not to be realized. We recognize tax benefits from uncertain tax positions only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the consolidated financial statements from such positions are then measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. We classify the liability for unrecognized tax benefits as Taxes Payable (non-current) and to the extent that we anticipate payment of cash within one year, the benefit will be classified as Taxes Payable (current) in the Consolidated Balance Sheets. We accrue interest on all tax exposures for which reserves have been established consistent with jurisdictional tax laws, and classify this interest as income tax expense in the Consolidated Statements of Income. Cash and Cash Equivalents Cash and cash equivalents consist of cash and highly liquid investments including demand deposits and money market funds available for withdrawal without restriction or with original maturities of 90 days or less. The carrying value of our cash and cash equivalents approximates fair value. Accounts Receivable Accounts receivable are recorded at the invoiced amount, net of an allowance for any potential uncollectible amounts. Our accounts receivable includes unbilled receivables that are short-term in nature and expected to be billed and earned within one year. We evaluate our allowance to include expected credit losses and collectability trends based on a variety of factors, including our historical write-off activity, current economic environment, customer-specific information and expectations of future economic conditions. Our allowance is recorded to SG&A in the Consolidated Statements of Income and we assess the adequacy of the allowance on a quarterly basis. Recoveries of accounts previously reserved are recognized as a reversal to SG&A when payment is received. We write-off account balances when we have exhausted our collection efforts. Property, Equipment and Leasehold Improvements Property, equipment and leasehold improvements are stated at cost, less accumulated depreciation and amortization. Property and equipment is depreciated based on the straight-line method over the estimated useful lives of the assets, ranging from three to five years for computers and related equipment and seven years for furniture and fixtures. Leasehold improvements are amortized on a straight-line basis over the shorter of their respective useful lives or the related lease term. Repairs and maintenance expenditures, which are not considered leasehold improvements and do not extend the useful life of the property and equipment, are expensed as incurred. We perform a qualitative review of the carrying amount of our property, equipment and leasehold improvements on a quarterly basis. Should projected undiscounted future cash flows be less than the carrying amount of the asset or asset group, an impairment charge reducing the carrying amount to fair value is required. Goodwill Goodwill at the reporting unit level is tested for impairment annually, and more frequently if impairment indicators exist. Goodwill is deemed to be impaired and written-down in the period in which the carrying value of the reporting unit exceeds its fair value. We have three reporting units, Americas, EMEA and Asia Pacific, which are consistent with our operating segments. We may first elect to perform a qualitative analysis for the reporting units to determine whether it is more likely (a likelihood of more than 50 percent) than not the fair value of the reporting unit is less than its carrying value. In performing a qualitative assessment, we consider such factors as macro-economic conditions, industry and market conditions in which we operate, including the competitive environment and significant changes in demand for our services. We also consider the share price both in absolute terms and in relation to peer companies. If the qualitative analysis indicates that it is more likely than not the fair value of a reporting unit is less than its carrying amount or if we elect not to perform a qualitative analysis, a quantitative analysis is performed to determine whether a goodwill impairment exists. The quantitative goodwill impairment analysis is used to identify potential impairment by comparing the carrying amount of a reporting unit with its fair value, by applying the income approach, utilizing the discounted cash flow method, along with other relevant market information. The annual review of carrying value of goodwill requires us to develop estimates of future business performance. These estimates are used to derive expected cash flows and include assumptions regarding future sales levels and the level of working capital needed to support a given business. The discounted cash flow model also includes a determination of our weighted average cost of capital by reporting unit. Cost of capital is based on assumptions about interest rates, as well as a risk-adjusted rate of return required by our equity investors. Changes in these estimates can impact present value of expected cash flows used in determining fair value of a reporting unit. An impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value, if any, would be recognized. The loss recognized would not exceed total amount of goodwill allocated to that reporting unit. We performed our annual goodwill impairment test during the fourth quarter of fiscal 2022 utilizing a qualitative analysis and concluded it was more likely than not the fair value of each reporting unit was greater than its respective carrying value and no impairment charge was required. Intangible Assets Acquired Intangible Assets Our identifiable intangible assets are classified as an ABA business process, client relationships, software technology, developed technology, acquired databases, data content and trade names resulting from previous acquisitions. We amortize intangible assets over their estimated useful lives, which are evaluated annually to determine whether events and circumstances warrant a revision to the remaining period of amortization. If the estimate of the remaining useful life is changed, the remaining carrying amount of the intangible asset is amortized prospectively over that revised remaining useful life. Amortizable intangible assets are tested for impairment qualitatively on a quarterly basis, based on undiscounted cash flows, and, if impaired, written down to fair value based on discounted cash flows. The intangible assets have no assigned residual values. Internally Developed Software Our developed technology intangible also includes capitalized internal and external costs incurred during the application development stage related to developing, modifying or obtaining software for internal-use. Costs related to software upgrades and enhancements are capitalized if it is determined that these upgrades or enhancements provide additional functionality to the software. The capitalized software is amortized using the straight-line method over the estimated useful life of the software, generally three to five years. These assets are subject to the impairment test guidance specified in the acquired intangible assets disclosure above. Leases Our lease portfolio consists of operating leases primarily related to our office space. We determine if an arrangement qualifies as a lease at inception by evaluating if there is an identified asset and whether we obtain substantially all the economic benefits of and have the right to control the use of an asset. For operating leases with a term greater than one year, we recognize operating lease assets and lease liabilities as the present value of future minimum lease payments (including fixed lease payments and certain qualifying index-based variable payments) over the reasonably certain lease term beginning at the commencement date. Certain adjustments to our lease right-of-use ("ROU") assets may be required due to prepayments, lease incentives received and initial direct costs incurred. Operating leases are included in operating Lease right-of-use assets, net, Current lease liabilities and Long-term lease liabilities on our Consolidated Balance Sheets. Our leases generally do not have a readily determinable implicit rate, therefore we use our incremental borrowing rate ("IBR") at the lease commencement date in determining the present value of future payments and subsequently reassessed upon a modification to the lease arrangement. Our IBR is derived by selecting U.S. corporate yield curves observed for public companies that are reflective of our credit rating adjusted to approximate a secured rate of borrowing. We also consider revisions to the rate to reflect the geographic location where the leased asset is located. Certain of our lease agreements include options to extend and options to terminate the lease, which we do not include in our minimum lease terms unless management is reasonably certain to exercise. We account for the lease and non-lease components as a single lease component, which we recognize over the expected term on a straight-line expense basis in occupancy costs (a component of SG&A expense). Variable lease payments are not included in the calculation of the lease ROU asset and lease liability and are recognized as occupancy costs and expensed as incurred. We review our lease assets for impairment when there is an indication that the asset may no longer be recoverable. The impairment assessment requires significant judgments and estimates, including estimated subtenant rental income, discount rates and future cash flows based on our experience and knowledge of the market in which the property is located, previous efforts to dispose of similar assets and the assessment of existing market conditions. Impairments are recognized as a reduction to the carrying value of the Lease right-of-use assets, net with a corresponding increase to Asset impairments on our Consolidated Balance Sheets and Consolidated Statements of Income, respectively. Accrued Compensation Compensation costs primarily include costs related to salaries, incentive compensation and sales commissions, equity compensation costs, benefits, employment taxes, and any applicable restructuring costs. A significant portion of these costs are discretionary. We review our accrued compensation estimates on a quarterly basis to adjust our accruals, taking into account, among other thing, our financial results, how our overall performance tracks against management’s expectations, the individual employee's performance and historical performance. Derivative Instruments Foreign Currency Forward Contracts We conduct business outside the U.S. in several currencies. Our primary currency exposures include the British Pound Sterling, Euro, Indian Rupee, and Philippine Peso. As such, we are exposed to movements in foreign currency exchange rates relative to the U.S. dollar. We utilize derivative instruments (foreign currency forward contracts) to manage the exposures related to the effects of foreign exchange rate fluctuations in our operating expenses and reduce the volatility of earnings and cash flows associated with changes in foreign currency. In designing a specific hedging approach, we consider several factors, including offsetting exposures, significance of exposures, forecasting risk and potential effectiveness of the hedge. Interest Rate Swap Agreement We use interest rate swap agreements to hedge the variability of our cash flows resulting from floating interest rates on our debt. We pay interest at a fixed interest rate at specified intervals in exchange for receiving interest based on a floating interest rate that we are hedging per the contractual terms of our debt agreement, throughout the life of the interest rate swap agreement. Derivative Instrument Classification For derivative instruments that we designate at inception and that qualify as a cash flow hedge in accordance with applicable accounting guidance, the changes in fair value for these cash flow hedges are initially reported as a component of accumulated other comprehensive loss ("AOCL") and subsequently reclassified to the Consolidated Statements of Income within SG&A for the foreign currency forward contract and interest expense for the interest rate swap agreements, when the hedged exposure affects earnings. All derivatives are assessed for effectiveness at each reporting period and we do not have any derivatives not designated as hedging instruments. We do not enter into cash flow hedges for trading or speculative purposes. Treasury Stock We account for repurchased common stock at the market price on the trade date under the cost method, with the treasury shares included as a reduction of our Stockholders’ equity. Repurchased shares of our common stock are held as treasury shares until they are reissued or retired. When treasury shares are reissued, if the issuance price is higher than the average price paid to acquire the shares ("the cost"), the excess of the issuance price over the cost is credited to additional paid-in capital ("APIC"). If the issuance is lower than the cost, the difference is first charged against any credit balance in APIC from treasury stock, with the remaining balance charged to Retained earnings. We account for the formal retirement of treasury shares by deducting its par value from common stock, reflecting any excess of over par value as a reduction to APIC (to the extent created by previous issuances of the shares) and then Retained earnings. Fair Value Measurements Fair value is defined as the price that would be received from selling an asset or paid to transfer a liability (i.e., the "exit price") in an orderly transaction between market participants at the measurement date. In determining fair value, the use of various valuation methodologies, including market, income and cost approaches is permissible. We consider the principal or most advantageous market in which we would transact and consider assumptions that market participants would use when pricing the asset or liability. The accounting guidance for fair value measurements establishes a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. There are three levels of inputs that may be used to measure fair value based on the reliability of inputs. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Foreign Currency Translation and Remeasurement Certain wholly-owned subsidiaries operate under a functional currency different from the U.S. dollar, including our primary currency exposures of the British Pound Sterling, Euro, Indian Rupee, and Philippine Peso. The financial statements of our foreign subsidiaries that are local currency functional are translated into U.S. dollars using period-end rates of exchange for assets and liabilities, and average rates for the period for revenues and expenses. The resulting translation gains and losses that arise from translating these assets, liabilities, revenue and expenses of our foreign operations are recorded in AOCL as a component of stockholders’ equity. For the financial statements of our foreign subsidiaries that are U.S. dollar functional, but maintain their books of record in their respective local currency, we remeasure our revenues and expenses into U.S. dollars at the average rates of exchange for the period, monetary assets and liabilities using period-end rates and non-monetary assets and liabilities at their historical rates. The resulting remeasurement gains and losses that arise from remeasuring these assets and liabilities of our foreign operations are recorded to SG&A in the Consolidated Statements of Income. Concentrations of Credit Risks Cash equivalents Financial instruments that potentially subject us to concentrations of credit risk consist primarily of cash and cash equivalents. We are exposed to credit risk for cash and cash equivalents held in financial institutions in the event of a default, to the extent that such amounts are in excess of applicable insurance limits. We have not experienced any losses from maintaining cash accounts in excess of such limits. We do not believe our concentration of cash and cash equivalents present a significant credit risk as the counterparties to the instruments consist of multiple high-quality, credit-worthy financial institutions. Accounts Receivable Our accounts receivable are subject to collection risk as they are unsecured and derived from revenue earned from clients located around the globe. We do not require collateral from our clients. We maintain reserves for potential write-offs and evaluate the adequacy of the reserves periodically. These losses have historically been within expectations. No single client represented more than 3% of our total subscription revenue in any period presented. As of August 31, 2022 and 2021, the receivable reserve was $2.8 million and $6.4 million, respectively. Derivative Instruments Our use of derivative instruments exposes us to credit risk to the extent counterparties may be unable to meet the terms of their agreements. To mitigate credit risk, we limit counterparties to credit-worthy financial institutions and distribute contracts among these institutions to reduce the concentration of credit risk. We do not expect any losses as a result of default by our counterparties. Concentrations of Data Content Providers We integrate data from various third-party sources into our hosted propriety data and analytics platform, which our clients access to perform their analyses. As certain data sources have a limited number of suppliers, we make every effort to assure that, where reasonable, alternative sources are available. We are not dependent on any individual third-party data supplier in order to meet the needs of our clients, with only two data suppliers each representing more than 10% of our total data costs for the year ended August 31, 2022. Recently Adopted Accounting Pronouncements As of the beginning of fiscal 2022, we implemented all applicable new accounting standards and updates issued by the Financial Accounting Standards Board ("FASB") that were in effect. Income Tax Simplification In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740); Simplifying the Accounting for Income Taxes, to simplify various aspects related to accounting for income taxes, eliminating certain exceptions to the general principles in accounting for income taxes related to intraperiod tax allocation, simplifying when companies recognize deferred taxes in an interim period, and clarifying certain aspects of the current guidance to promote consistent application. We have adopted this standard effective September 1, 2021. The adoption of this standard did not have an impact on our Consolidated Financial Statements. Business Combinations In October 2021, the FASB issued ASU No. 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers (ASU 2021-08), which requires an acquirer to recognize and measure contract assets and liabilities acquired in a business combination in accordance with Revenue from Contracts with Customers (Topic 606) rather than adjust them to fair value at the acquisition date. We elected to early adopt this accounting standard in the second quarter of fiscal 2022, with retrospective application to business combinations that occurred in the current fiscal year. Results of operations for quarterly periods prior to September 1, 2021 remain unchanged as a result of the adoption of ASU No. 2021-08. The acquisitions of CGS and Cobalt Software, Inc. were accounted for in accordance with ASU 2021-08. Refer to Note 6, Acquisitions for further information. The adoption of this standard did not have a material impact on our Consolidated Financial Statements. Accounting Pronouncements Not Yet Adopted Facilitation of the Effects of Reference Rate Reform on Financial Reporting In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848); Facilitation of the Effects of Reference Rate Reform on Financial Reporting, to provide optional expedients and exceptions for applying GAAP to contract modifications, hedging relationships, and other transactions affected by the anticipated transition from the London Interbank Offered Rate ("LIBOR"). As a result of the reference rate reform initiative, certain widely used reference rates such as LIBOR are expected to be discontinued. The guidance is designed to simplify how entities account for contracts, such as receivables, debt, leases, derivative instruments and hedging, that are modified to replace LIBOR or other benchmark interest rates with new rates. The guidance is effective upon issuance and may be applied through December 31, 2022. On March 1, 2022, we repaid in full and terminated the 2019 Credit Agreement, which bore interest based on the LIBOR rate. Concurrently, on March 1, 2022, we entered into the 2022 Credit Agreement, which bears interest based on rates other than LIBOR. As such, the adoption of this standard will not have an impact on our Consolidated Financial Statements. Refer to Note 12, Debt for definitions of these terms and more information on the 2019 Credit Agreement and 2022 Credit Agreement. Inflation Reduction Act of 2022 On August 16, 2022, the Inflation Reduction Act (“IRA”) was signed into law. The IRA contains several revisions to the Internal Revenue Code effective in taxable years beginning after December 31, 2022, including a 15% corporate minimum income tax of certain large corporations and a 1% excise tax on corporate stock repurchases by publicly traded U.S. corporations. We are in the process of evaluating the impact of the IRA; however, we do not expect this law to have a material impact on our Consolidated Financial Statements. No other new accounting pronouncements issued or effective as of August 31, 2022 have had or are expected to have a material impact on our Consolidated Financial Statements.

Revenue Recognition

12 Months Ended

Aug. 31, 2022

Revenue from Contract with Customer [Abstract]

Revenue Recognition

REVENUE RECOGNITION

We derive most of our revenues by providing client access to our multi-asset solutions powered by our suite of connected content available over the contractual term (referred to as the "hosted platform"). The hosted platform is a subscription-based service that provides client access to various combinations of products and services including workstations, portfolio analytics, and enterprise solutions. We also provide subscription access to a database of universally recognized identifiers reflecting differentiating characteristics for issuers and their financial instruments (referred to as the "identifier platform").

We determined that the majority of each of our hosted platform and identifier platform services represents a single performance obligation covering a series of distinct products and services that are substantially the same and that have the same pattern of transfer to the client. We also determined the primary nature of the promise to the client is to provide daily access to each of these data and analytics platforms. These platforms provide integrated financial information, analytical applications and industry-leading service for the investment community. Based on the nature of the services and products offered by us, we apply an output time-based measure of progress as the client is simultaneously receiving and consuming the benefits of the platform. We record revenues for these contracts using the over-time revenue recognition model as a client is invoiced or performance is satisfied.

We do not consider payment terms as a performance obligation for clients with contractual terms that are one year or less and we have elected the practical expedient.

Contracts with clients can include certain fulfillment costs, comprised of up-front costs to allow for the delivery of services and products, which are recoverable. Fulfillment costs are recognized as an asset, with the current portion recorded in the Prepaid expenses and other current assets and the non-current portion recorded in Other assets, based on the term of the license period. The fulfillment costs are amortized consistent with the associated revenues for providing the services. There are no significant judgments that would impact the timing of revenue recognition. The majority of client contracts have a duration of one year or the amount we are entitled to receive corresponds directly with the value of performance obligations completed to date, and therefore, we do not disclose the value of the remaining unsatisfied performance obligations.

Disaggregated Revenues

We disaggregate revenues from contracts with clients by our segments which consist of the Americas, EMEA and Asia Pacific. We believe these segments are reflective of how we manage our business and the markets in which we serve and best depict the nature, amount, timing and uncertainty of revenues and cash flows related to contracts with clients. Segment revenues reflect sales to our clients based on their respective geographic locations. Refer to Note 18, Segment Information, for further information.

The following table presents this disaggregation by segment:


	August 31,
(in thousands)	2022		2021		2020
Americas	$	1,173,946	$	1,008,046	$	943,649
EMEA	$	484,279	$	427,700	$	406,498
Asia Pacific	$	185,667	$	155,699	$	143,964
Total Revenue	$	1,843,892	$	1,591,445	$	1,494,111

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
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-Paragraph 15
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

+ Details

Fair Value Measures

12 Months Ended

Aug. 31, 2022

Fair Value Disclosures [Abstract]

Fair Value Measures

FAIR VALUE MEASURES

Fair value is defined as the price that would be received from selling an asset or paid to transfer a liability (i.e., the "exit price") in an orderly transaction between market participants at the measurement date. In determining fair value, the use of various valuation methodologies, including market, income and cost approaches is permissible. We consider the principal or most advantageous market in which we would transact and consider assumptions that market participants would use when pricing the asset or liability.

Fair Value Hierarchy

The accounting guidance for fair value measurements establishes a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. There are three levels of inputs that may be used to measure fair value based on the reliability of inputs. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Our assessment

of the significance of a particular input to the fair value measurement requires judgment and may affect its placement within the fair value hierarchy levels. We have categorized our cash equivalents, investments and derivatives within the fair value hierarchy as follows:

Level 1 – applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. These Level 1 assets and liabilities include our corporate money market funds that are classified as cash equivalents.

Level 2 – applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. Our mutual funds and derivative instruments are classified as Level 2.

Level 3 – applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.

(a) Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following tables show, by level within the fair value hierarchy, our assets and liabilities that are measured at fair value on a recurring basis as of August 31, 2022 and 2021. We did not have any transfers between levels of fair value measurements during the periods presented. We held no Level 3 assets or liabilities measured at fair value on a recurring basis as of August 31, 2022 and 2021.


(in thousands)	Fair Value Measurements at August 31, 2022
	Level 1		Level 2		Total
Assets
Corporate money market funds(1)	$	179,330	$	—	$	179,330
Mutual Funds(2)	—		33,219		33,219

Derivative instruments(3)	—		12,412		12,412
Total assets measured at fair value	$	179,330	$	45,631	$	224,961

Liabilities
Derivative instruments(3)	$	—	$	8,307	$	8,307
Total liabilities measured at fair value	$	—	$	8,307	$	8,307


(in thousands)	Fair Value Measurements at August 31, 2021
	Level 1		Level 2		Total
Assets
Corporate money market funds(1)	$	232,519	$	—	$	232,519
Mutual funds(2)	—		35,984		35,984

Derivative instruments(3)	—		1,384		1,384
Total assets measured at fair value	$	232,519	$	37,368	$	269,887

Liabilities
Derivative instruments(3)	$	—	$	4,181	$	4,181
Total liabilities measured at fair value	$	—	$	4,181	$	4,181

(1)Our corporate money market funds are readily convertible into cash and the net asset value of each fund on the last day of the quarter is used to determine its fair value. Our corporate money market funds are classified as Level 1 assets and are included in Cash and cash equivalents within the Consolidated Balance Sheets.

(2)Our mutual funds have a fair value based on the fair value of the underlying investments held by the mutual funds, allocated to each share of the mutual fund using a net asset value approach. The fair value of the underlying investments is based on observable inputs. Our mutual funds are classified as Level 2 and are included in Investments (short-term) within the Consolidated Balance Sheets.

(3)Our derivative instruments include our foreign exchange forward contracts and interest rate swap agreements. We utilize the income approach to measure fair value for our foreign exchange forward contracts. The income approach uses pricing models that rely on market observable inputs such as spot, forward and interest rates, as well as credit default swap spreads, and are classified as Level 2 assets. To estimate fair value for our interest rate swap agreements, we utilize a present value of future cash flows, leveraging a model-derived valuation that uses Level 2 observable inputs such as interest rate yield curves. Refer to Note 5, Derivative Instruments for more information on our derivative instruments designed as cash flow hedges and their classification within the Consolidated Balance Sheets.

(b) Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis

Assets and liabilities that are measured at fair value on a non-recurring basis relate primarily to our tangible fixed assets, lease ROU assets, goodwill and intangible assets. The fair values of these non-financial assets and liabilities are determined based on valuation techniques using the best information available, and may include quoted market prices, market comparable information, and discounted cash flow projections. These non-financial assets are required to be assessed for impairment whenever events or circumstances indicate their carrying value may not be fully recoverable, and at least annually for goodwill.

During the twelve months ended August 31, 2022, we incurred an impairment charge of $62.2 million related to our lease ROU assets and property, equipment and leasehold improvements associated with vacating certain leased office space. For those locations we anticipate subleasing, we estimated the fair value of the lease ROU assets as of the cease use date, using a market approach, based on expected future cash flows from sublease income. To complete this assessment we relied on certain assumptions, which included estimates of the rental rate, period of vacancy, incentives and annual rent increases. We fully impaired the lease ROU assets for locations we will not sublease and substantially all the property, equipment and leasehold improvements associated with the related vacated leased office space as there are no expected cash flows related to these items. Due to the subjective nature of the unobservable inputs used, the fair value measurement for the asset impairments are classified within Level 3 of the fair value hierarchy.

We elected not to carry our Long-term debt at fair value. The carrying value of our Long-term debt is net of related unamortized discount and debt issuance costs.

The fair value of our Senior Notes is estimated based on quoted prices in active markets as of the reporting date, given that the Senior Notes are publicly traded, which are considered Level 1 inputs. The fair value of our 2022 Credit Facilities is estimated based on quoted market prices for similar instruments, adjusted for unobservable inputs to ensure comparability to our investment rating, maturity terms and principal outstanding, which are considered Level 3 inputs.

The fair value of our 2019 Revolving Credit Facility approximated its carrying value as it bore interest at a floating interest rate, which is considered a Level 2 input. On March 1, 2022, we repaid in full and terminated the 2019 Credit Agreement.

Refer to Note 12, Debt for definitions of these terms and more information on the Senior Notes, 2022 Credit Facilities, 2019 Revolving Credit Facility and 2019 Credit Agreement.

The following table summarizes the outstanding principal amount, estimated fair value and related hierarchy level, unamortized discounts debt issuance costs and net carrying value of our debt as of August 31, 2022 and 2021.


		August 31, 2022				August 31, 2021
(in thousands)	Fair Value Hierarchy	Principal Amount		Estimated Fair Value		Principal Amount		Estimated Fair Value
2027 Notes	Level 1	$	500,000	$	470,525	$	—	$	—
2032 Notes	Level 1	500,000		438,205		—		—
2022 Term Facility	Level 3	750,000		750,975		—		—
2022 Revolving Facility	Level 3	250,000		249,075		—		—
2019 Revolving Credit Facility	Level 2	—		—		575,000		575,000
Total principal amount		$	2,000,000	$	1,908,780	$	575,000	$	575,000
Total unamortized discounts and debt issuance costs		(17,576)				(465)
Total net carrying value of debt		$	1,982,424			$	574,535

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Derivative Instruments

12 Months Ended

Aug. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments

DERIVATIVE INSTRUMENTS

Cash Flow Hedges

Foreign Currency Forward Contracts

We conduct business outside the U.S. in several currencies including the British Pound Sterling, Euro, Indian Rupee, and Philippine Peso. As such, we are exposed to movements in foreign currency exchange rates. We utilize derivative instruments (foreign currency forward contracts) to manage the exposures related to the effects of foreign exchange rate fluctuations and reduce the volatility of earnings and cash flows associated with changes in foreign currency. Factors considered in the decision to hedge an underlying market exposure include the materiality of the risk, the volatility of the market, the duration of the hedge, the degree to which the underlying exposure is committed to, and the availability, effectiveness, and cost of derivative instruments. Derivative instruments are only utilized for risk management purposes and are not used for speculative or trading purposes. We limit counterparties to credit-worthy financial institutions. Refer to Note 2, Significant Accounting Policies – Concentrations of Credit Risk, for further discussion on counterparty credit risk.

In designing a specific hedging approach, we considered several factors, including offsetting exposures, the significance of exposures, the forecasting of risk and the potential effectiveness of the hedge. The gains and losses on foreign currency forward contracts offset the variability in operating expenses associated with currency movements. The changes in fair value for these foreign currency forward contracts are initially reported as a component of Accumulated Other Comprehensive Loss ("AOCL") and subsequently reclassified into Operating expenses when the hedge is settled. There was no discontinuance of foreign currency cash flow hedges during fiscal 2022 or fiscal 2021, and as such, no corresponding gains or losses related to changes in the value of our contracts were reclassified into earnings prior to settlement.

As of August 31, 2022, we maintained foreign currency forward contracts to hedge a portion of our exposures related to the British Pound Sterling, Euro, Indian Rupee, and Philippine Peso. We entered into a series of forward contracts to mitigate our currency exposure ranging from 25% to 75% over their respective hedged periods. The current foreign currency forward contracts are set to mature at various points between the first quarter of fiscal 2023 through the fourth quarter of fiscal 2023.

The following table summarizes the gross notional value of foreign currency forward contracts to purchase British Pound Sterling, Euros, Indian Rupees and Philippine Pesos with U.S. dollars as of August 31, 2022 and 2021.


	August 31, 2022				August 31, 2021
(in thousands)	Local Currency Amount		Notional Contract Amount (USD)		Local Currency Amount		Notional Contract Amount (USD)
British Pound Sterling	£	44,200	$	55,567	£	37,700	$	51,754
Euro	€	37,500	40,679		€	33,800	40,674
Indian Rupee	Rs	2,667,928	33,600		Rs	2,585,198	33,800
Philippine Peso	₱	1,462,060	27,000		₱	1,414,928	28,500
Total			$	156,846			$	154,728

Refer to Foreign Currency Exchange Risk in Part II, Item 7A of this Annual Report on Form 10-K for further discussion of our exposure to foreign exchange rate fluctuations.

Swap Agreement

2020 Swap Agreement

On March 5, 2020, we entered into an interest rate swap agreement ("2020 Swap Agreement") with a notional amount of $287.5 million. The 2020 Swap Agreement hedged a portion of our then outstanding floating LIBOR rate debt with a fixed interest rate of 0.7995% to mitigate our interest rate exposure. On March 1, 2022, we terminated the 2020 Swap Agreement, which resulted in a one-time benefit of $3.5 million recognized in Interest expense, net in the Consolidated Statements of Income during the third quarter of fiscal 2022, based on its fair market value.

2022 Swap Agreement

On March 1, 2022, we entered into an interest rate swap agreement ("2022 Swap Agreement") with a notional amount of $800.0 million to hedge a portion of our outstanding floating Secured Overnight Financing Rate ("SOFR") rate debt with a fixed

interest rate of 1.162%. The notional amount of the 2022 Swap Agreement declines by $100.0 million on a quarterly basis as of May 31, 2022 and is maturing on February 28, 2024. As of August 31, 2022, the notional amount of the 2022 Swap Agreement was $600.0 million.

We have designated and accounted for the 2022 Swap Agreement as a cash flow hedge with the unrealized gains or losses recorded in AOCL, net of tax, in the Consolidated Balance Sheets. Realized gains or losses resulting from settlement are subsequently reclassified into Interest expense, net in the Consolidated Statements of Income. Since its inception on March 1, 2022 and through August 31, 2022, the interest rate swap was considered highly effective. Refer to Note 12, Debt, for further discussion of the 2022 Credit Facilities.

Refer to Interest Rate Risk in Part II, Item 7A of this Annual Report on Form 10-K for further discussion of our exposure to interest rate risk on our long-term debt outstanding.

Gross Notional Value and Fair Value of Derivative Instruments

The following is a summary of the gross notional values of the derivative instruments:


(in thousands)	Gross Notional Value
	August 31, 2022		August 31, 2021
Foreign currency forward contracts	$	156,846	$	154,728
Interest rate swap agreement	600,000		287,500
Total cash flow hedges	$	756,846	$	442,228

The following is a summary of the fair values of the derivative instruments:


	Fair Value of Derivative Instruments
(in thousands)	Derivative Assets					Derivative Liabilities
Derivatives designated as hedging instruments	Balance Sheet Classification	August 31, 2022		August 31, 2021		Balance Sheet Classification	August 31, 2022		August 31, 2021
Foreign currency forward contracts	Prepaid expenses and other current assets	$	—	$	1,384	Accounts payable and accrued expenses	$	8,307	$	1,201
Interest rate swap agreement	Prepaid expenses and other current assets	10,621		—		Accounts payable and accrued expenses	—		1,934
	Other assets	1,791		—		Other liabilities	—		1,045
Total cash flow hedges		$	12,412	$	1,384		$	8,307	$	4,181

All derivatives were designated as hedging instruments as of August 31, 2022 and 2021, respectively.

Derivatives in Cash Flow Hedging Relationships

The following table provides the pre-tax effect of derivative instruments in cash flow hedging relationships for each of the three fiscal years ended August 31, 2022, 2021 and 2020:


(in thousands)	Gain (Loss) Reclassified in AOCL on Derivatives						Location of Gain (Loss) Reclassified from AOCL into Income	Gain (Loss) Reclassified from AOCL into Income
Derivatives in Cash Flow Hedging Relationships	2022		2021		2020		Location of Gain (Loss) Reclassified from AOCL into Income	2022		2021		2020
Foreign currency forward contracts	$	(16,356)	$	1,660	$	5,049	SG&A	$	(7,867)	$	5,027	$	(1,556)
Interest rate swap agreement	17,245		745		(6,138)		Interest expense, net	1,854		(1,956)		(458)
Total cash flow hedges	$	889	$	2,405	$	(1,089)		$	(6,013)	$	3,071	$	(2,014)

As of August 31, 2022, we estimate that net pre-tax derivative gains of $2.3 million included in AOCL will be reclassified into earnings within the next 12 months. As of August 31, 2022, our cash flow hedges were effective with no amount of ineffectiveness recorded in the Consolidated Statements of Income for these designated cash flow hedges and all components of each derivative’s gain or loss were included in the assessment of hedge effectiveness.

Offsetting of Derivative Instruments

We enter into master netting arrangements designed to permit net settlement of derivative transactions among the respective counterparties, settled on the same date and in the same currency. As of August 31, 2022 and 2021, there were no material amounts recorded net on the Consolidated Balance Sheets.

Acquisitions

12 Months Ended

Aug. 31, 2022

Business Combination and Asset Acquisition [Abstract]

Acquisitions

ACQUISITIONS

During fiscal 2022 and 2021, we completed acquisitions of several businesses, with the most significant cash flows related to the acquisitions of CUSIP Global Services ("CGS"), Cobalt Software, Inc. ("Cobalt") and Truvalue Labs, Inc. ("TVL").

CUSIP Global Services

On March 1, 2022, we completed the acquisition of CGS, previously operated by S&P Global Inc. on behalf of the American Bankers Association ("ABA"), for a cash purchase price of $1.932 billion, inclusive of working capital adjustments. CGS manages a database of 60 different data elements uniquely identifying more than 50 million global financial instruments. It is the foundation for security master files relied on by critical front, middle and back office functions. CGS is the exclusive provider of Committee on Uniform Security Identification Procedures ("CUSIP") and CUSIP International Number System ("CINS") identifiers globally and also acts as the official numbering agency for International Securities Identification Number ("ISIN") identifiers in the United States and as a substitute number agency for more than 35 other countries. We believe that the CGS acquisition will significantly expand our critical role in the global capital markets. The CGS purchase price was in excess of the fair value of net assets acquired, resulting in the recognition of goodwill. We finalized the purchase accounting for the CGS acquisition during the fourth quarter of fiscal 2022 and did not record any material changes to the preliminary purchase price allocation.

The acquisition date fair values of major classes of assets acquired and liabilities assumed are as follows:

Acquisition Date Fair Value

Acquisition Date Useful Life

Amortization Method

(in thousands)

(in years)

Current assets1

29,728

Amortizable intangible assets

ABA business process

1,583,000

36 years

Straight-line

Client relationships

164,000

26 years

Straight-line

Acquired databases

46,000

15 years

Straight-line

Goodwill

214,970

Current liabilities2

(104,691)

Deferred revenues, long-term

(1,481)

Total purchase price

1,931,526

1.Includes an accounts receivable balance of $29.5 million.

2.Includes a deferred revenues balance of $99.4 million. The CGS acquisition was accounted for in accordance with our adoption of ASU No. 2021-08; as such, the deferred revenues did not include a fair value adjustment. Refer to Note 2, Significant Accounting Policies in the Notes to the Consolidated Financial Statements included in Item 8. of this Annual Report on Form 10-K for more information on ASU No. 2021-08.

Goodwill totaling $215.0 million represents the excess of the CGS purchase price over the fair value of net assets acquired, representing future economic benefits that we expect to achieve as a result of the acquisition, and is included in the Americas segment. Goodwill generated from the CGS acquisition is deductible for income tax purposes. The majority of the net assets acquired relate to an ABA business process intangible which is a renewable license agreement with the ABA to manage the issuance, maintenance and access to the CUSIP numbering system and related database of CUSIP identifiers. This intangible asset's valuation and associated useful life considers the nature of the business relationship, multi-year term of the current

agreement and the likelihood of long-term renewals. The useful life assigned to the Client relationships intangible asset considers the strong historical client retention and client renewals as a basis for expected future retention. The useful life assigned to Acquired databases considers the historical period of data collection and the limited changes to the data on an annual basis.

The results of CGS's operations have been included in our Consolidated Financial Statements, within the Americas, EMEA, and Asia Pacific segments, beginning with the closing of the acquisition on March 1, 2022. CGS functions as part of CTS. Pro forma information has not been presented because the effect of the CGS acquisition is not material to our Consolidated Financial Statements.

Cobalt Software, Inc.

On October 12, 2021, we acquired all of the outstanding shares of Cobalt for a purchase price of $50.0 million, net of cash acquired, and inclusive of working capital adjustments. Cobalt is a leading portfolio monitoring solutions provider for the private capital industry. This acquisition advances our strategy to scale our data and workflow solutions through targeted investments as part of our multi-year investment plan and expands our private markets offering. The Cobalt purchase price was in excess of the fair value of net assets acquired, resulting in the recognition of goodwill. We finalized the purchase accounting for the Cobalt acquisition during the fourth quarter of fiscal 2022 and did not record any material changes to the preliminary purchase price allocation.

The acquisition date fair values of major classes of assets acquired and liabilities assumed are as follows:

Acquisition Date Fair Value

Acquisition Date Useful Life

Amortization Method

(in thousands)

(in years)

Current assets

540

Amortizable intangible assets

Software technology

7,750

5 years

Straight-line

Client relationships

4,800

11 years

Straight-line

Goodwill

41,338

Other assets

Current liabilities

(4,437)

Other liabilities

(7)

Total purchase price

50,018

Goodwill totaling $41.3 million represents the excess of the Cobalt purchase price over the fair value of net assets acquired and is included in the Americas and EMEA segments. Goodwill generated from the Cobalt acquisition is not deductible for income tax purposes. The useful life assigned to the Client relationships intangible asset considers the historical client retention as a basis for expected future retention. The useful life assigned to Software technology considers our historical experience and anticipated technological changes.

The results of Cobalt's operations have been included in our Consolidated Financial Statements, within the Americas and EMEA segments, beginning with its acquisition on October 12, 2021. Pro forma information has not been presented because the effect of the Cobalt acquisition is not material to our Consolidated Financial Statements.

Truvalue Labs, Inc.

On November 2, 2020, we acquired all of the outstanding shares of TVL for a purchase price of $41.9 million, net of cash acquired. TVL is a leading provider of environmental, social, and governance ("ESG") information. TVL applies artificial intelligence driven technology to over 100,000 unstructured text sources in multiple languages, including news, trade journals, and non-governmental organizations and industry reports, to provide daily signals that identify positive and negative ESG behavior. The acquisition of TVL further enhances our commitment to providing industry leading access to ESG data across our platforms. The TVL purchase price was in excess of the fair value of net assets acquired, resulting in the recognition of goodwill. We finalized the purchase accounting for the TVL acquisition during the third quarter of fiscal 2021.

The acquisition date fair values of major classes of assets acquired and liabilities assumed are as follows:

Acquisition Date Fair Value

Acquisition Date Useful Life

Amortization Method

(in thousands)

(in years)

Current assets

812

Amortizable intangible assets

Software technology

8,100

7 years

Straight-line

Trade names

2,800

15 years

Straight-line

Client relationships

900

12 years

Straight-line

Goodwill

30,058

Other assets

5,299

Current liabilities

(3,069)

Other liabilities

(2,984)

Total purchase price

41,916

Goodwill totaling $30.1 million represents the excess of the TVL purchase price over the fair value of net assets acquired and is included in the Americas segment. Goodwill generated from the TVL acquisition is not deductible for income tax purposes. The results of TVL's operations have been included in our Consolidated Financial Statements, within the Americas segment, beginning with its acquisition on November 2, 2020. Pro forma information has not been presented because the effect of the TVL acquisition is not material to our Consolidated Financial Statements.

Property, Equipment and Leasehold Improvements

12 Months Ended

Aug. 31, 2022

Property, Plant and Equipment [Abstract]

Property, Equipment and Leasehold Improvements

PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS

Property, equipment and leasehold improvements consist of the following:


(in thousands)	August 31,
	2022		2021
Leasehold improvements	$	184,425	$	197,719
Computers and related equipment	104,514		136,213
Furniture and fixtures	58,143		58,212
Subtotal	$	347,082	$	392,144
Less accumulated depreciation and amortization	(266,239)		(260,767)
Property, equipment and leasehold improvements, net	$	80,843	$	131,377

Depreciation expense was $24.3 million, $30.4 million and $32.2 million for fiscal years 2022, 2021 and 2020, respectively.

During fiscal 2022, we incurred an impairment charge of $30.7 million for property, equipment and leasehold improvements related to vacating certain leased office space. Refer to Note 4, Fair Value Measures, for more information on the property, equipment and leasehold improvements assets impairment methodology.

Goodwill

12 Months Ended

Aug. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

GOODWILLChanges in the carrying amount of goodwill by segment for fiscal years ended August 31, 2022 and 2021 are as follows:


(in thousands)	Americas		EMEA		Asia Pacific		Total
Balance at August 31, 2020	$	386,195	$	320,427	$	3,081	$	709,703
Acquisitions	$	43,893	$	—	$	—	$	43,893
Foreign currency translations	—		723		(114)		609
Balance at August 31, 2021	$	430,088	$	321,150	$	2,967	$	754,205
Acquisitions	256,324		428		—		256,752
Foreign currency translations	—		(44,491)		(618)		(45,109)
Balance at August 31, 2022	$	686,412	$	277,087	$	2,349	$	965,848

Goodwill is not amortized as it is estimated to have an indefinite life. At least annually, we are required to test goodwill at the reporting unit level, which is consistent with our segments, for potential impairment, and, if impaired, we write down our goodwill to fair value based on the present value of discounted cash flows. We performed our annual goodwill impairment test during the fourth quarter of fiscal 2022 utilizing a qualitative analysis, consistent with the timing and methodology of previous years. We concluded it was more likely than not that the fair value of each of our segments was not less than its respective carrying value and no impairment charge was required.

Intangible Assets

12 Months Ended

Aug. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

INTANGIBLE ASSETS

We amortize intangible assets on a straight line basis over their estimated useful lives. The estimated useful life, gross carrying amounts and accumulated amortization totals related to our identifiable intangible assets are as follows:


		August 31, 2022						August 31, 2021
(in thousands, except useful lives)	Estimated Useful Life (years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
ABA business process	36	$	1,583,000	$	21,986	$	1,561,014	$	—	$	—	$	—
Client relationships	8 to 26	263,163		55,405		207,758		101,077		49,139		51,938
Software technology	5 to 9	122,363		96,567		25,796		121,556		87,207		34,349
Developed technology	3 to 5	80,956		33,676		47,280		57,666		21,278		36,388
Acquired databases	15	46,000		$	1,533	44,467		—		—		—
Data content	5 to 20	32,305		24,973		7,332		36,681		26,835		9,846

Trade names	15	6,693		4,431		2,262		6,900		4,435		2,465
Total		$	2,134,480	$	238,571	$	1,895,909	$	323,880	$	188,894	$	134,986

The weighted average useful life of our intangible assets at August 31, 2022 was 32.8 years. As described in Note 6, Acquisitions, we acquired several intangible assets as part of the CGS acquisition. The weighted average useful life of our intangible assets excluding those acquired from CGS at August 31, 2022 was 9.6 years. We assess intangible assets for indicators of impairment on a quarterly basis, including an evaluation of our useful lives to determine if events and circumstances warrant a revision to the remaining period of amortization. If indicators of impairment are present, amortizable intangible assets are tested for impairment by comparing the carrying value to undiscounted cash flows and, if impaired, written down to fair value based on discounted cash flows. We have not identified a material impairment, nor a material change to the estimated remaining useful lives of our intangible assets during fiscal years 2022 and 2021. The intangible assets have no assigned residual values.

Amortization expense recorded for intangible assets was $62.4 million, $31.5 million, and $25.4 million during fiscal years 2022, 2021, and 2020, respectively.

As of August 31, 2022, estimated intangible asset amortization expense for each of the next five years and thereafter are as follows:


Fiscal Year (in thousands)	Estimated Amortization Expense
2023	$	89,450
2024	80,238
2025	73,818
2026	65,685
2027	62,409
Thereafter	1,524,309
Total	$	1,895,909

Income Taxes

12 Months Ended

Aug. 31, 2022

Income Tax Disclosure [Abstract]

Income Taxes

INCOME TAXES

Income tax expense is based on taxable income determined in accordance with current enacted laws and tax rates. Deferred income taxes are recorded for the temporary differences between the financial statement and the tax bases of assets and liabilities using currently enacted tax rates.

Provision and Components for Income Taxes

The provision for income taxes is as follows:


(in thousands)	Years ended August 31,
	2022			2021			2020
U.S. operations	$	281,971		$	311,767		$	280,283
Non-U.S. operations	161,623			155,850			146,851
Income before income taxes	$	443,594		$	467,617		$	427,134

U.S. operations	$	18,107		$	40,595		$	31,926
Non-U.S. operations	28,570			27,432			22,270
Total provision for income taxes	$	46,677		$	68,027		$	54,196

Effective tax rate	10.5		%	14.5		%	12.7		%

The components of the provision for income taxes consist of the following:


(in thousands)	Years ended August 31,
	2022		2021		2020
Current
U.S. federal	$	12,766	$	26,734	$	9,332
U.S. state and local	10,936		13,894		8,034
Non-U.S.	31,690		32,001		26,204
Total current taxes	$	55,392	$	72,629	$	43,570

Deferred
U.S. federal	$	(4,722)	$	1,031	$	13,332
U.S. state and local	(874)		(1,064)		2,665
Non-U.S.	(3,119)		(4,569)		(5,371)
Total deferred taxes	$	(8,715)	$	(4,602)	$	10,626
Total provision for income taxes	$	46,677	$	68,027	$	54,196

The fiscal 2022 provision for income taxes decreased 31.4% to $46.7 million, compared with $68.0 million in fiscal 2021. This decrease was primarily driven by lower pretax income and $11.7 million in higher tax benefits from the exercise of stock options for fiscal 2022, compared with the prior year period.

Our effective tax rate is based on recurring factors and non-recurring events, including the taxation of foreign income. Our effective tax rate will vary based on, among other things, changes in levels of foreign income, as well as discrete and other non-recurring events that may not be predictable. Our effective tax rate is lower than the applicable U.S. corporate income tax rate for fiscal 2022 driven mainly by research and development ("R&D") tax credits, a foreign derived intangible income ("FDII") deduction and a tax benefit from the exercise of stock options.

The following table presents a reconciliation between the U.S. corporate income tax rate and our effective tax rate:


	Years ended August 31,
(expressed as a percentage of income before income taxes)	2022		2021		2020
Tax at U.S. Federal statutory tax rate	21.0	%	21.0	%	21.0	%
Increase (decrease) in taxes resulting from:
State and local taxes, net of U.S. federal income tax benefit	1.8		2.1		3.1
Foreign income at other than U.S. rates	(1.2)		(1.0)		(1.4)
Foreign derived intangible income ("FDII") deduction	(2.2)		(1.9)		(1.8)

Income tax benefits from R&D tax credits	(4.1)		(3.9)		(3.8)
Stock-based payments	(3.4)		(2.2)		(3.7)
Other, net	(1.4)		0.4		(0.7)
Effective tax rate	10.5	%	14.5	%	12.7	%

We are permanently reinvested in all foreign unremitted earnings, except in jurisdictions where earnings can be repatriated substantially free of tax. It is not practicable to determine the amount of unremitted earnings that are permanently reinvested and the taxes that would be payable if these amounts were repatriated to the U.S.

Deferred Tax Assets and Liabilities

The significant components of deferred tax assets recorded within the Consolidated Balance Sheets were as follows:


(in thousands)	At August 31,
	2022		2021
Deferred tax assets:
Lease Liabilities	$	45,842	$	55,416
Stock-based compensation	30,382		22,847
Unrealized tax loss on investment	4,216		4,135
Other	19,943		11,199
Total deferred tax assets	$	100,383	$	93,597

At August 31, 2022, we had pre-tax federal and state net operating loss carryforwards ("NOLs") of approximately $34.8 million and $13.8 million, respectively. The carryforwards may be used to offset future taxable income. The federal NOLs have an indefinite carryforward and the state NOLs have various expiration dates, beginning August 31, 2025. Utilization of the NOLs may be subject to an annual limitation due to the ownership limitations provided by the Internal Revenue Code of 1986, as amended (the “Code”), and similar state provisions. Any annual limitation may result in the expiration of net operating losses before utilization.

The significant components of deferred tax liabilities recorded within the Consolidated Balance Sheets were as follows:


(in thousands)	At August 31,
	2022		2021
Deferred tax liabilities:
Depreciation on property, equipment and leasehold improvements	$	19,855	$	17,133
Purchased intangible assets, including acquired technology	57,098		44,773
Lease right-of-use assets	27,540		43,904
Other	1,537		289
Total deferred tax liabilities	$	106,030	$	106,099

Unrecognized Tax Positions

Applicable accounting guidance prescribes a comprehensive model for the financial statement recognition, measurement, classification and disclosure of uncertain tax positions that a company has taken or expects to take on a tax return. We recognize the financial effect of an income tax position only if it is more likely than not (greater than 50%) that the tax position will be sustained based on its technical merits of the tax position. Otherwise, no benefit or expense can be recognized in the Consolidated Financial Statements. The tax benefits recognized are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon effective settlement with a taxing authority. Additionally, we accrue interest on all tax exposures for which reserves have been established consistent with jurisdictional tax laws.

The determination of liabilities related to unrecognized tax benefits, including associated interest and penalties, requires significant estimates. There can be no assurance that we will accurately predict the audit outcomes, however, we have no reason to believe that such audits will result in the payment of additional taxes and/or penalties that would have a material adverse effect on our results of operations or financial position, beyond current estimates. For this reason and due to ongoing audits by multiple tax authorities, we will regularly engage in discussions and negotiations with tax authorities regarding tax matters in various jurisdictions. We adjust these reserves in light of changing facts and circumstances, such as the closing of a tax audit or the refinement of an estimate. To the extent that the final outcome of these matters is different than the amounts recorded, such differences will affect the provision for income taxes in the period in which such determination is made. We do not currently anticipate that the total amounts of unrecognized tax benefits will significantly change within the next 12 months.

We classify the liability for unrecognized tax benefits as Taxes Payable (non-current) and to the extent that we anticipate payment of cash within one year, the benefit will be classified as Taxes Payable (current). Additionally, we accrue interest on all tax exposures for which reserves have been established consistent with jurisdictional tax laws, recorded in Provision for income taxes in the Consolidated Statements of Income and Taxes Payable (non-current) within the Consolidated Balance Sheets.

The following table summarizes the changes in the balance of gross unrecognized tax benefits:


(in thousands)
Unrecognized income tax benefits as of August 31, 2019	$	10,884
Additions based on tax positions related to the current year	3,533
Release for tax positions of prior years	(2,086)

Unrecognized income tax benefits as of August 31, 2020(1)	$	12,331
Additions based on tax positions related to the current year	4,259
Release for tax positions of prior years	(1,720)

Unrecognized income tax benefits as of August 31, 2021(1)	$	14,870
Additions based on tax positions related to the current year	7,959
Release for tax positions of prior years	(2,658)
Unrecognized income tax benefits as of August 31, 2022(1)	$	20,171

(1)The unrecognized income tax benefits include accrued interest of $1.4 million, $1.3 million and $0.9 million as of August 31, 2022, 2021 and 2020, respectively.

In the normal course of business, our tax filings are subject to audit by federal, state and foreign tax authorities. At August 31, 2022, we remained subject to examination in the following major tax jurisdictions for the tax years as indicated below:


Major Tax Jurisdictions	Open Tax Years
U.S.
Federal	2019	through	2021
State (various)	2019	through	2021

Europe
United Kingdom	2019	through	2021
France	2019	through	2021
Germany	2018	through	2021

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
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-Section 50
-Paragraph 21
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-Topic 740
-SubTopic 10
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-URI https://asc.fasb.org/topic&trid=2144680

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 30
-Section 50
-Paragraph 2
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-URI https://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
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-Subparagraph (SX 210.4-08(h)(2))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Leases

12 Months Ended

Aug. 31, 2022

Leases [Abstract]

Leases

LEASES

Our lease portfolio is primarily related to our office space, under various operating lease agreements. We review new arrangements at inception to evaluate whether we obtain substantially all the economic benefits of and have the right to control the use of an asset. Our lease ROU assets and lease liabilities are recognized based on the present value of future minimum lease payments at lease commencement (which includes fixed lease payments and certain qualifying index-based variable payments) over the reasonably certain lease term, leveraging an estimated IBR. Certain adjustments to our lease ROU assets may be required due to prepayments, lease incentives received and initial direct costs incurred. We account for the lease and non-lease components as a single lease component, which we recognize over the expected term on a straight-line expense basis in occupancy costs (a component of SG&A expense).

As of August 31, 2022, we recognized $159.5 million of Lease right-of-use assets, net and $237.8 million of combined Current lease liabilities and Long-term lease liabilities in the Consolidated Balance Sheet. Such leases have a remaining lease term ranging from less than one year to just over 13 years and did not include any renewal or termination options that were not yet reasonably certain to be exercised.

The following table reconciles our future undiscounted cash flows related to our operating leases and the reconciliation to the combined Current lease liabilities and Long-term lease liabilities in the Consolidated Balance Sheets as of August 31, 2022:


(in thousands)	Minimum Lease Payments
Fiscal Years Ended August 31,
2023	$	38,696
2024	35,316
2025	33,245
2026	32,540
2027	31,716
Thereafter	114,016
Total	$	285,529
Less: Imputed Interest	47,722
Present Value	$	237,807

The components of lease cost related to the operating leases were as follows:


	Years ended August 31,
(in millions)	2022		2021
Operating lease cost1	$	38.8	$	42.8
Variable lease cost2	$	11.5	$	14.6

1.Operating lease costs include costs associated with fixed lease payments and index-based variable payments that qualified for lease accounting under ASC 842, Leases and complied with the practical expedients and exceptions

elected by us.

2.Variable lease costs were not included in the measurement of lease liabilities. These costs primarily include variable non-lease costs and leases that qualified for the short-term lease exception. Our variable non-lease costs include costs that were not fixed at the lease commencement date and are not dependent on an index or rate. These costs relate to utilities, real estate taxes, insurance and maintenance.

The following table summarizes our lease term and discount rate assumptions related to the operating leases recorded on the Consolidated Balance Sheets:


	At August 31,
	2022		2021
Weighted average remaining lease term (in years)	8.6		9.4
Weighted average discount rate (IBR)	4.4	%	4.3	%

The following table summarizes supplemental cash flow information related to our operating leases:


	Years ended August 31,
(in millions)	2022		2021
Cash paid for amounts included in the measurement of lease liabilities	$	43.0	$	42.1
Lease ROU assets obtained in exchange for lease liabilities1, 3	$	9.3	$	6.4
Reductions to ROU assets resulting from reductions to lease liabilities2, 3	$	(17.5)	$	(0.7)

1.Primarily includes new lease arrangements entered into during the period and contract modifications that extend our lease terms and/or provide additional rights.

2.Primarily includes modifications to our lease agreements based on contractual options or negotiations that allow for early termination that result in a reduction to our future minimum lease payments.

3.We reclassified prior year comparative figures from Lease ROU assets obtained in exchange for lease liabilities to Reductions to ROU assets resulting from reductions to lease liabilities to conform to the current year's presentation.

During fiscal 2022, we incurred an impairment charge of $31.5 million related to our lease ROU assets associated with vacating certain leased office space. Refer to Note 4, Fair Value Measures, for more information on the lease ROU assets impairment methodology.

Debt

12 Months Ended

Aug. 31, 2022

Debt Disclosure [Abstract]

Debt

DEBT

We elected not to carry our Long-term debt at fair value. The carrying value of our debt is net of related unamortized discount and debt issuance costs. Our total debt obligations as of August 31, 2022 and August 31, 2021 consisted of the following:


(in thousands)	Issuance Date	Contractual Maturity Date	August 31, 2022		August 31, 2021
2019 Credit Agreement
2019 Revolving Credit Facility (terminated on March 1, 2022)	3/29/2019	3/29/2024	$	—	$	575,000

2022 Credit Agreement
2022 Term Facility	3/1/2022	3/1/2025	750,000		—
2022 Revolving Facility	3/1/2022	3/1/2027	250,000		—

Senior Notes
2027 Notes	3/1/2022	3/1/2027	500,000		—
2032 Notes	3/1/2022	3/1/2032	500,000		—

Total unamortized discounts and debt issuance costs			(17,576)		(465)

Total Long-term debt			$	1,982,424	$	574,535

As of August 31, 2022, annual maturities on our total debt obligations, based on contract maturity, were as follows:


(in thousands)	Maturities
Fiscal Years Ended August 31,
2023	$	—
2024	—
2025	750,000
2026	—
2027	750,000
Thereafter	500,000
Total	$	2,000,000

2019 Credit Agreement

On March 29, 2019, we entered into a credit agreement, as the borrower, with PNC Bank, National Association ("PNC"), as the administrative agent and lender (the "2019 Credit Agreement"), which provided a $750.0 million revolving credit facility (the "2019 Revolving Credit Facility"). We borrowed $575.0 million of the available $750.0 million provided by the 2019 Revolving Credit Facility. We were required to pay a commitment fee using a pricing grid based on the daily amount by which the available balance in the 2019 Revolving Credit Facility exceeded the borrowed amount. All outstanding loan amounts were reported as Long-term debt within the Consolidated Balance Sheets.

Borrowings under the 2019 Revolving Credit Facility bore interest on the outstanding principal amount at a rate equal to the daily LIBOR plus a spread using a debt leverage pricing grid. Interest on the amounts outstanding under the 2019 Revolving Credit Facility was payable quarterly, in arrears, and on the maturity date.

During fiscal 2019, we incurred approximately $0.9 million in debt issuance costs related to the 2019 Credit Agreement. These costs were capitalized as debt issuance costs and were amortized into Interest expense, net in the Consolidated Statements of Income ratably over the term of the 2019 Credit Agreement.

The 2019 Credit Agreement contained covenants and requirements restricting certain of our activities, which were usual and customary for this type of loan. In addition, the 2019 Credit Agreement required that we maintain a consolidated net leverage ratio, as measured by total net funded debt/EBITDA (as defined in the 2019 Credit Agreement) below a specified level as of the end of each fiscal quarter. We were in compliance with all covenants and requirements within the 2019 Credit Agreement through the termination date of the 2019 Credit Agreement.

On March 1, 2022, we terminated the 2019 Credit Agreement and amortized the remaining related $0.4 million of capitalized debt issuance costs into Interest expense, net in the Consolidated Statements of Income.

2022 Credit Agreement

On March 1, 2022, we entered into a credit agreement (the "2022 Credit Agreement") which provides for a senior unsecured term loan credit facility in an aggregate principal amount of $1.0 billion (the “2022 Term Facility”) and a senior unsecured revolving credit facility in an aggregate principal amount of $500.0 million (the “2022 Revolving Facility” and, together with the 2022 Term Facility, the “2022 Credit Facilities”). The 2022 Term Facility matures on March 1, 2025, and the 2022 Revolving Facility matures on March 1, 2027. The 2022 Revolving Facility allows for the availability of up to $100.0 million in the form of letters of credit and up to $50.0 million in the form of swingline loans. We may seek additional commitments under the 2022 Revolving Facility from lenders or other financial institutions up to an aggregate principal amount of $750.0 million.

On March 1, 2022, we borrowed $1.0 billion under the 2022 Term Facility and $250.0 million of the available $500.0 million under the 2022 Revolving Facility. We are required to pay a commitment fee on the daily unused amount of the 2022 Revolving Facility using a pricing grid which remained at 0.125% through August 31, 2022. The commitment fee can fluctuate between 0.10% and 0.25% per annum based upon our senior unsecured non-credit enhanced long-term debt rating and our total leverage ratio.

We used these borrowings, along with the net proceeds from the issuance of the Senior Notes (as defined below) and cash on hand, to finance the consideration for the CGS acquisition, to repay borrowings under the 2019 Credit Agreement and to pay related transaction fees, costs and expenses.

During the third quarter of 2022, we incurred approximately $9.5 million in debt issuance costs related to the 2022 Credit Facilities. Debt issuance costs are presented in the Consolidated Balance Sheets as a direct deduction from the carrying amount of the related debt liability. Debt issuance costs are amortized to Interest expense, net in the Consolidated Statements of Income over the contractual term of the debt on a straight-line basis, which approximates the effective interest method.

Loans under the 2022 Term Facility are subject to scheduled amortization payments on the last day of each fiscal quarter, commencing with August 31, 2022 and ending on the last such day to occur prior to the maturity date. Each amortization payment is equal to 1.25% of the original principal amount of the 2022 Term Facility. Any remaining outstanding principal will be repaid in full on March 1, 2025, the maturity date of the 2022 Term Facility. The 2022 Credit Facilities are not otherwise subject to any mandatory prepayments. We may voluntarily prepay loans under the 2022 Credit Facilities at any time without premium or penalty. Prepayments of the 2022 Term Facility shall be applied to reduce the subsequent scheduled amortization payments in direct order of maturity. During fiscal 2022, we repaid $250.0 million under the 2022 Term Facility, inclusive of voluntary prepayments of $237.5 million.

The 2022 Credit Agreement provides that loans denominated in U.S. dollars, at our option, will bear interest at either (i) the one-month Term SOFR (with a 0.1% credit spread adjustment and subject to a "zero" floor), (ii) the Daily Simple SOFR (with a 0.1% credit spread adjustment and subject to a "zero" floor) or (iii) an alternate base rate. Under the 2022 Credit Agreement, loans denominated in Pounds Sterling will bear interest at the Daily Simple Sterling Overnight Index Average ("SONIA") (subject to a "zero" floor) and loans denominated in Euros will bear interest at the Euro Interbank Offered Rate ("EURIBOR") (subject to a "zero" floor), in each case, plus an applicable interest rate margin. The interest rate margin will fluctuate based upon our senior unsecured non-credit enhanced long-term debt rating and our total leverage ratio.

For fiscal 2022, the outstanding borrowings under the 2022 Credit Facilities bore interest at rates equal to the applicable one-month Term SOFR rate plus a 1.1% spread (comprised of a 1.0% interest rate margin based on a debt leverage pricing grid plus 0.1% credit spread adjustment). The spread remained consistent through August 31, 2022. Interest on the 2022 Credit Facilities is currently payable on the last business day of each month, in arrears.

The 2022 Credit Agreement contains usual and customary event of default provisions for facilities of this type, which are subject to usual and customary grace periods and materiality thresholds. If an event of default occurs under the 2022 Credit Agreement, the lenders may, among other things, terminate their commitments and declare all outstanding borrowings immediately due and payable.

The 2022 Credit Agreement contains usual and customary affirmative and negative covenants for facilities of this type, including limitations on indebtedness of non-guarantor subsidiaries, liens, sale and leaseback transactions, mergers and certain other fundamental changes and change in nature of business. The 2022 Credit Agreement contains a financial covenant requiring maintenance of a total leverage ratio, permitting netting up to $350.0 million of unrestricted cash and cash equivalents, no greater than (a) 4.00 to 1.00 as of the last day of each fiscal quarter beginning with the fiscal quarter ending on May 31, 2022, (b) 3.75 to 1.00 as of the last day of each fiscal quarter beginning with the fiscal quarter ending on August 31, 2023 and (c) 3.50 to 1.00 as of the last day of each fiscal quarter beginning with the fiscal quarter ending on August 31, 2024, but if we consummate a material acquisition where the aggregate consideration payable is $200.0 million or more, we may, on no more than two occasions, increase the maximum total leverage ratio then applicable under the financial covenant by 0.50 to 1.00 with respect to the fiscal quarter in which such material acquisition is consummated and the subsequent four consecutive fiscal quarters. We were in compliance with all the covenants and requirements of the 2022 Credit Agreement during fiscal 2022.

The 2022 Credit Agreement provides that, in the event that we no longer have a senior unsecured non-credit enhanced long-term debt rating or a corporate rating from at least two of the rating agencies where such rating is Baa3, BBB- or BBB-, respectively, or higher, (i) our wholly-owned domestic subsidiaries will be required to guarantee the 2022 Credit Facilities, subject to customary exceptions, (ii) we will be subject to limitations on additional indebtedness, investments, dispositions, restricted payments and burdensome agreements, and (iii) we will be required to maintain an interest coverage ratio of no less than 3.00 to 1.00 for any period of four consecutive fiscal quarters. We were in compliance with the required interest coverage ratio during fiscal 2022.

Senior Notes

On March 1, 2022 we completed a public offering of $500.0 million aggregate principal amount of 2.900% Senior Notes due March 1, 2027 (the “2027 Notes”) and $500.0 million aggregate principal amount of 3.450% Senior Notes due March 1, 2032 (the “2032 Notes” and, together with the 2027 Notes, the “Senior Notes”). The Senior Notes were issued pursuant to an indenture, dated as of March 1, 2022, by and between us and U.S. Bank Trust Company, National Association, as trustee (the "Trustee"), as supplemented by the supplemental indenture, dated as of March 1, 2022, between us and the Trustee (the "Supplemental Indenture").

The Senior Notes were issued at an aggregate discount of $2.8 million, and during the third quarter of 2022 we incurred approximately $9.1 million in debt issuance costs related to the Senior Notes. Debt discounts and debt issuance costs are presented in the Consolidated Balance Sheets as a net direct deduction from the carrying amount of the related debt liability. The debt discounts and debt issuance costs are amortized to Interest expense, net in the Consolidated Statements of Income over the contractual term of the debt, leveraging the effective interest method.

The 2027 Notes and the 2032 Notes will mature on March 1, 2027 and March 1, 2032, respectively. Interest on the Senior Notes is payable semiannually in arrears on March 1 and September 1 of each year, beginning September 1, 2022. The Senior Notes are unsecured unsubordinated obligations, and will be effectively subordinated to any of our existing and future secured obligations, to the extent of the value of the assets securing such obligations.

We may redeem the Senior Notes, in whole or in part, at any time at specified redemption prices, plus any accrued and unpaid interest. Upon the occurrence of a change of control triggering event (as defined in the Supplemental Indenture), we must offer to repurchase the Senior Notes at 101% of their principal amount, plus any accrued and unpaid interest.

Swap Agreements

On March 5, 2020, we entered into the 2020 Swap Agreement to hedge a portion of our then outstanding floating LIBOR rate debt with a fixed interest rate of 0.7995%. On March 1, 2022, we terminated the 2020 Swap Agreement and concurrently entered into the 2022 Swap Agreement to hedge a portion of our outstanding floating SOFR rate debt with a fixed interest rate of 1.162%. Refer to Note 5, Derivative Instruments for further discussion of the 2020 Swap Agreement and 2022 Swap Agreement.

Interest Expense

On March 1, 2022, the 2019 Revolving Credit Facility and 2020 Swap Agreement were both terminated and concurrently replaced with the 2022 Credit Facilities, Senior Notes and 2022 Swap Agreement.

For the twelve months ended August 31, 2022 and August 31, 2021, we recorded interest expense on our outstanding debt, including the related amortization of debt issuance costs and debt discounts, net of the effects of the interest rate swap agreement, of $35.2 million and $8.1 million, respectively in Interest expense, net in the Consolidated Statements of Income.

Including the related amortization of debt issuance costs and debt discounts, net of the effects of the related interest rate swap agreement, the year-to-date weighted average interest rate on amounts outstanding under our outstanding debt was 2.02% and 1.38% as of August 31, 2022 and August 31, 2021, respectively. Refer to Note 5, Derivative Instruments for further discussion of the 2020 Swap Agreement and 2022 Swap Agreement.

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Aug. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	COMMITMENTS AND CONTINGENCIES Commitments represent obligations, such as those for future purchases of goods or services that are not yet recorded on the balance sheet as liabilities. We record liabilities for commitments when incurred (i.e., when the goods or services are received). We accrue non-income-tax liabilities for contingencies when we believe that a loss is probable, and the amount can be reasonably estimated. Judgment is required to determine both probability and the estimated amount of loss. If the reasonable estimate of a probable loss is a range, we record the most probable estimate of the loss or the minimum amount when no amount within the range is a better estimate than any other amount. We review accruals on a quarterly basis and adjust, as necessary, to reflect the impact of negotiations, settlements, rulings, advice of legal counsel and other current information. Contingent gains are recognized only when realized. Uncertain income tax positions are accounted for in accordance with applicable accounting guidance, refer to Note 10, Income Taxes for further details. Purchase Commitments with Suppliers and Vendors Purchase obligations represent our legally-binding agreements to purchase fixed or minimum quantities at determinable prices. As of August 31, 2022 and 2021, we had total purchase obligations with suppliers of $373.9 million and $191.9 million, respectively. Our total purchase obligations at the end of both fiscal years primarily related to hosting services and data content. Hosting services support our technology investments related to our migration to cloud-based hosting services, the majority of which rely on third-party hosting providers. Data content is an integral component of the value we provide to our clients. Additional commitments relate primarily to third-party software providers. We also have contractual obligations related to our lease liabilities and outstanding debt. Refer to Note 11, Leases and Note 12, Debt for information regarding lease commitments and outstanding debt obligations, respectively. Capital Commitments As of August 31, 2022 and 2021, we had outstanding capital commitments related to an investment of $1.1 million and $2.3 million, respectively. Letters of Credit From time to time, we are required to obtain letters of credit in the ordinary course of business. As of August 31, 2022 we had approximately $0.5 million, compared to $2.8 million as of August 31, 2021, of standby letters of credit outstanding. No liabilities related to these arrangements are reflected in the Company's Consolidated Balance Sheets. Contingencies Income Taxes We are currently under audit by tax authorities and have reserved for potential adjustments to our provision for income taxes that may result from examinations by, or any negotiated settlements with, these tax authorities. We believe that the final outcome of these examinations or settlements will not have a material effect on our results of operations nor our cash flows. If events occur which indicate payment of these amounts is unnecessary, the reversal of the liabilities would result in the recognition of tax benefits in the period we determine the liabilities are no longer necessary. If our estimates of the federal, state, and foreign income tax liabilities are less than the ultimate assessment, additional expense would result. Legal Matters We are engaged in various legal proceedings, claims and litigation that have arisen in the ordinary course of business. The outcome of all the matters against us are subject to future resolution, including the uncertainties of litigation. Based on information available at August 31, 2022, our management believes that the ultimate outcome of these unresolved matters against us, individually or in the aggregate, will not have a material adverse effect on our consolidated financial position, our results of operations or our cash flows. Sales Tax Matters On August 8, 2019, we received a Notice of Intent to Assess (the "First Notice") additional sales taxes, interest and underpayment penalties from the Commonwealth of Massachusetts Department of Revenue (the "Commonwealth") relating to the tax periods from January 1, 2006 through December 31, 2013. On July 20, 2021, we received a Notice of Intent to Assess (the "Second Notice", cumulatively with the First Notice, the "Notices") additional sales taxes, interest and underpayment penalties from the Commonwealth relating to the tax periods from January 1, 2014 through December 31, 2018. Based upon the Notices, it is the Commonwealth's intention to assess sales tax, interest and underpayment penalties on previously recorded sales transactions. We have filed an appeal to the Notices and intend to contest any such assessment, if assessed. We continue to cooperate with the Commonwealth's inquiry with respect to the Notices. On August 10, 2021, we received a letter (the “Letter”) from the Commonwealth relating to the tax periods from January 1, 2019 through June 30, 2021, requesting additional sales information to determine if a notice of intent to assess should be issued to FactSet with respect to these tax periods. Based upon a preliminary review of the Letter, we believe the Commonwealth might seek to assess sales tax, interest and underpayment penalties on previously recorded sales transactions. We are cooperating with the Commonwealth's inquiry with respect to the Letter. As of August 31, 2022, we have concluded that a payment to the Commonwealth is probable. We recorded an accrual which is not material to our consolidated financial statements. While we believe that the assumptions and estimates used to determine the accrual are reasonable, future developments could result in adjustments being made to this accrual. If we are presented with a formal assessment for any of these matters, we believe that we will ultimately prevail; however, if we do not prevail, the amount of any assessment could have a material impact on our consolidated financial position, results of operations and cash flows. Indemnifications As permitted or required under Delaware law and to the maximum extent allowable under that law, we have certain obligations to indemnify our current and former officers and directors for certain events or occurrences while the officer or director is, or was serving, at our request in such capacity. These indemnification obligations are valid as long as the director or officer acted in good faith and in a manner the person reasonably believed to be in, or not opposed to, the best interests of FactSet, and with respect to any criminal action or proceeding, had no reasonable cause to believe his or her conduct was unlawful. The maximum potential amount of future payments we could be required to make under these indemnification obligations is unlimited; however, we have a director and officer insurance policy that we believe mitigates our exposure and may enable us to recover a portion of any future amounts paid. We believe the estimated fair value of these indemnification obligations is immaterial.

Stockholders' Equity

12 Months Ended

Aug. 31, 2022

Equity [Abstract]

Stockholders' Equity

STOCKHOLDERS’ EQUITY

Shares of common stock outstanding were as follows:


(in thousands)	Years ended August 31,
	2022	2021	2020
Balance, beginning of year at September 1, 2021, 2020 and 2019, respectively	37,615	38,030	38,118
Common stock issued for employee stock plans	490	395	663
Repurchase of common stock from employees(1)	(14)	(13)	(12)
Repurchase of common stock under the share repurchase program	(46)	(797)	(739)
Balance, end of year at August 31, 2022, 2021, and 2020 respectively	38,045	37,615	38,030

(1)For fiscal years 2022, 2021 and 2020, we repurchased 14,489, 12,932 and 11,945 shares, or $6.2 million, $4.3 million and $3.5 million, of common stock, respectively, primarily to satisfy tax withholding obligations due upon the vesting of stock-based awards.

Share Repurchase Program

As of August 31, 2022, a total of $181.3 million remained authorized for future share repurchases under our share repurchase program. There is no defined number of shares to be repurchased over a specified timeframe through the life of the program.

We may repurchase shares of our common stock under the program from time-to-time in the open market and privately negotiated transactions, subject to market conditions.

For the year ended August 31, 2022, we repurchased 46,200 shares for $18.6 million compared with 797,385 shares for $264.7 million for the year ended August 31, 2021. Beginning in the second quarter of fiscal 2022, we suspended our share repurchase program until at least the second half of fiscal 2023, with the exception of potential minor repurchases to offset dilution from grants of equity awards or repurchases to satisfy withholding tax obligations due upon the vesting of stock-based awards. The suspension of our share repurchase program allows us to prioritize the repayment of debt under the 2022 Credit Facilities. Refer to Note 12, Debt for more information on the 2022 Credit Facilities.

Restricted Stock

Restricted stock awards entitle the holders to receive shares of common stock as the awards vest over time. For the year ended August 31, 2022, 39,499 shares of previously granted restricted stock vested and were included in common stock outstanding as of August 31, 2022 (recorded net of 14,489 shares repurchased from employees at a cost of $6.2 million to cover their cost of taxes upon vesting of the restricted stock). For the year ended August 31, 2021, 34,607 shares of previously granted restricted stock vested and were included in common stock outstanding as of August 31, 2021 (recorded net of 12,932 shares repurchased from employees at a cost of $4.3 million to cover their cost of taxes upon vesting of the restricted stock).

Dividends

Our Board of Directors declared dividends for the full years ended August 31, 2022 and August 31, 2021 as follows:


Year Ended	Dividends per Share of Common Stock		Record Date	Total amount (in thousands)		Payment Date
Fiscal 2022
First Quarter	$	0.82	November 30, 2021	$	30,973	December 16, 2021
Second Quarter	$	0.82	February 28, 2022	31,065		March 17, 2022
Third Quarter	$	0.89	May 31, 2022	33,795		June 16, 2022
Fourth Quarter	$	0.89	August 31, 2022	33,860		September 15, 2022
Total Dividends				$	129,693

Fiscal 2021
First Quarter	$	0.77	November 30, 2020	$	29,266	December 17, 2020
Second Quarter	$	0.77	February 26, 2021	29,141		March 18, 2021
Third Quarter	$	0.82	May 31, 2021	30,972		June 17, 2021
Fourth Quarter	$	0.82	August 31, 2021	30,845		September 16, 2021
Total Dividends				$	120,224

Future cash dividend payments will depend on our earnings, capital requirements, financial condition and other factors considered relevant by us and are subject to final determination by our Board of Directors.

On April 28, 2022, our Board of Directors approved a 8.5% increase in the regular quarterly dividend from $0.82 to $0.89 per share.

Accumulated Other Comprehensive Loss

The components of AOCL are as follows:


(in thousands)	August 31, 2022		August 31, 2021
Accumulated unrealized losses on cash flow hedges, net of tax	$	3,149	$	(2,095)
Accumulated foreign currency translation adjustments	(111,532)		(36,867)
Total AOCL	$	(108,383)	$	(38,962)

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

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+ Details

Earnings Per Share

12 Months Ended

Aug. 31, 2022

Earnings Per Share [Abstract]

Earnings Per Share

EARNINGS PER SHARE

Basic earnings per share ("EPS") is computed by dividing net income by the number of weighted average common shares outstanding during the period. Diluted EPS is computed using the treasury stock method, by dividing net income by the cumulative weighted average common shares that are outstanding or are issuable upon the exercise of outstanding stock-based compensation awards during the period. Performance-based awards stock-based compensation awards that are out-of-the-money are omitted from the calculation of diluted EPS until the reporting period in which the performance criteria has been met.

A reconciliation of the weighted average shares outstanding used in the basic and diluted earnings per share ("EPS") computation is as follows.


	Twelve Months Ended
	August 31,
(in thousands, except per share data)	2022		2021		2020
Numerator
Net income used for calculating basic and diluted income per share	$	396,917	$	399,590	$	372,938
Denominator
Weighted average common shares used in the calculation of basic income per share	37,864		37,856		37,936
Common stock equivalents associated with stock-based compensation plan	872		714		710
Shares used in the calculation of diluted income per share	38,736		38,570		38,646
Basic income per share	$	10.48	$	10.56	$	9.83
Diluted income per share	$	10.25	$	10.36	$	9.65

Dilutive potential common shares consist of stock options and unvested performance-based awards. As of August 31, 2022 and August 31, 2021, there were 329,189 and 1,750 stock options excluded from the calculation of diluted EPS, respectively, as they were out-of-the-money and their inclusion would have been anti-dilutive.

Performance-based awards are omitted from the calculation of diluted EPS until it is determined that the performance criteria has been met at the end of the reporting period. As of August 31, 2022 and August 31, 2021, there were 60,725 and 68,990 performance-based awards excluded from the calculation of diluted EPS, respectively.

Stock-based Compensation

12 Months Ended

Aug. 31, 2022

Share-Based Payment Arrangement [Abstract]

Stock-based Compensation

STOCK-BASED COMPENSATION

We measure compensation expense for all stock-based awards made to our employees and board of directors ("non-employees") using the Black-Scholes model or the lattice-binomial option-pricing model ("binomial model") to estimate the grant-date fair value.

We utilize the Black-Scholes model for new non-employee director stock option grants, non-employee restricted stock units ("RSUs") and common stock acquired under our employee stock purchase plan ("ESPP"), and the binomial model for new employee stock option grants, employee RSUs and employee performance share units ("PSUs").

Both models involve certain estimates and assumptions such as:

•Risk-free interest rate - based on the U.S. Treasury yield curve in effect at the time of grant with maturities equal to the expected terms of the stock-based awards granted.

•Expected life - the weighted average period the stock-based awards are expected to remain outstanding.

•Expected volatility - based on a blend of historical volatility of the stock-based award's useful life and the weighted average implied volatility for call option contracts traded in the 90 days preceding the stock-based award's valuation date.

•Dividend yield - the expectation of dividend payouts based on our history.

Additionally, the binomial model incorporates market conditions, vesting restrictions and exercise patterns.

For stock-based awards with service conditions, we use the straight-line method to recognize compensation expense over the requisite service period. For stock-based awards that also include performance conditions, the graded vesting method is used to determine compensation expense over the requisite service period if achievement of the performance condition is determined to be probable, which is reviewed on a quarterly basis. Compensation expense for all stock-based awards is recorded net of estimated forfeitures which are based on historical forfeiture rates and revised if actual forfeitures differ from those estimates.

For RSUs and PSUs, the grant date fair value is measured by reducing the grant date price of our common stock by the present value of the dividends expected to be paid on the underlying stock during the requisite service period, discounted at the appropriate risk-free interest rate.

We recognized total stock-based compensation expense of $56.0 million, $45.1 million and $36.6 million in fiscal 2022, 2021 and 2020, respectively. As of August 31, 2022, $109.3 million of total unrecognized compensation expense related to non-vested awards is expected to be recognized over a weighted average period of 3.0 years. There was no stock-based compensation capitalized as of August 31, 2022 and 2021, respectively.

Stock Option Awards

A summary of stock option activity is as follows:


	Number Outstanding (thousands)		Weighted Average Exercise Price Per Share		Weighted Average Grant Date Fair Value		Aggregate Intrinsic Value (millions)(1)		Weighted Average Remaining Contractual Life (years)
Outstanding as of August 31, 2019	2,524		$	168.50
Granted – employees	424		$	256.43	$	60.33

Granted – non-employee directors	16		$	271.51	$	54.74
Exercised(2)	(588)		$	145.54
Forfeited	(122)		$	218.36
Outstanding as of August 31, 2020	2,254		$	189.32
Granted – employees	418		$	317.17	$	78.31

Granted – non-employee directors	12		$	318.20	$	82.01
Exercised(2)	(322)		$	166.36
Forfeited	(85)		$	237.23
Outstanding as of August 31, 2021	2,277		$	214.89
Granted – employees	348		$	433.09	$	103.49

Granted – non-employee directors	6		$	428.71	$	109.11
Exercised(2)	(414)		$	178.57
Forfeited	(128)		$	301.05
Outstanding as of August 31, 2022	2,089	(3)	$	253.85			$	194.4	6.2
Options vested and exercisable as of August 31, 2022	1,035		$	189.12			$	252.8	4.7
Options expected to vest as of August 31, 2022	974		$	314.18			$	116.4	7.6

(1)The aggregate intrinsic value represents the difference between our closing stock price as of August 31, 2022 of $433.34 and the exercise price, multiplied by the number of options exercisable as of that date.

(2)The total pre-tax intrinsic value of stock options exercised during fiscal 2022, 2021 and 2020 was $104.1 million, $54.3 million and $85.0 million, respectively.

(3)As of August 31, 2022, a total of 2,089,231 shares underlying the stock option awards were unvested and outstanding, which results in unamortized stock-based compensation of $60.1 million to be recognized as stock-based compensation expense over the remaining vesting period of 3.2 years.

Employee Stock Option Awards

During the twelve months ended August 31, 2022, the majority of the 348,458 employee stock options granted under the FactSet Research Systems Inc. Stock Option and Award Plan as Amended and Restated (the "LTIP") were related to the annual employee grant on November 1, 2021.

The November 1, 2021 grant vests ratably over five years on the anniversary date of the grant with the majority of the remaining employee stock options granted during fiscal 2022 vesting ratably over four years. All employee stock options granted during fiscal 2022 expire ten years from the date the options were granted.

The following table includes the weighted average inputs to the binomial model to estimate the grant-date fair value of the employee stock options granted.


	2022				2021				2020
Term structure of risk-free interest rate	0.07	%	—	2.99%	0.04	%	—	1.67%	0.10	%	—	1.79%
Expected life (years)	6.9				7.1				7.2
Term structure of volatility	24	%	—	25%	26	%	—	27%	25	%	—	25%
Dividend yield	0.86%				0.12%				1.09%

Non-Employee Directors' Stock Option Awards

On January 18, 2022, we granted 6,329 stock options under the FactSet Research Systems Inc. Non-Employee Directors’ Stock Option and Award Plan as Amended and Restated (the “Director Plan”) which provides for the grant of stock-based awards, including stock options, to non-employee directors of FactSet. The expiration date of the Director Plan is December 19, 2027. The January 18, 2022 grant vests 100% after three years on the anniversary date of the grant and expires seven years from the date the options were granted.

Restricted Stock Awards

A summary of Restricted Stock Award activity is as follows:


(in thousands, except per award data)	Number Outstanding		Weighted Average Grant Date Fair Value Per Award
Balance at August 31, 2019	124		$	205.47
Granted - employee Restricted Stock Awards(1) (2)	74		$	252.17
Vested - employee RSUs	(33)		$	197.37
Forfeited(1)	(19)		$	198.53
Balance at August 31, 2020	146		$	231.55
Granted - employee Restricted Stock Awards(1) (2)	99		$	312.86
Vested - employee Restricted Stock Awards	(35)		$	208.67
Forfeited(1)	(13)		$	267.23
Balance at August 31, 2021	197		$	274.10
Granted - employee Restricted Stock Awards(1) (2)	103		$	418.16
Granted – non-employee directors RSUs(1)	2		$	425.29
Vested - Restricted Stock Awards	(40)		$	242.87
Forfeited(1)	(29)		$	323.16
Balance at August 31, 2022	233	(3)	$	338.87

(1)Each Restricted Stock Award granted or canceled/forfeited is equivalent to 2.5 shares under the LTIP.

(2)During the fiscal year ended August 31, 2022 we granted 71,978 RSUs and 30,704 PSUs. During the fiscal year ended August 31, 2021 we granted 62,960 RSUs and 36,424 PSUs. During the fiscal year ended August 31, 2020 we granted 36,709 RSUs and 36,888 PSUs.

(3)As of August 31, 2022, a total of 233,408 shares underlying the restricted stock awards were unvested and outstanding, which results in unamortized stock-based compensation of $49.2 million to be recognized as stock-based compensation expense over the remaining vesting period of 2.8 years.

Employee Restricted Stock Awards

Our LTIP provides for the grant of stock-based awards, including awards of restricted stock units ("RSUs") and performance share units ("PSUs"; RSUs and PSUs, collectively, "Restricted Stock Awards"). The Restricted Stock Awards are subject to continued employment over a specified period. The Restricted Stock Awards granted to employees entitle the holders to shares of common stock as the Restricted Stock Awards vest over time, but not to dividends declared on the underlying shares, while the stock subject to the Restricted Stock Awards is unvested. Vesting of the shares underlying the PSUs are also subject to achieving certain specified performance levels during the measurement period subsequent to the date of grant.

During the twelve months ended August 31, 2022, we granted 102,682 Restricted Stock Awards of which 71,978 were RSUs and 30,704 were PSUs. The majority of the Restricted Stock Awards granted are related to the annual employee grant on November 1, 2021. From this grant, the RSUs vest ratably over five years on the anniversary of the grant date with the majority of the remaining RSUs granted during fiscal 2022 vesting ratably over three years on the anniversary of the grant date. All PSUs granted in fiscal 2022, including those under the November 1, 2021 grant, cliff vest on the third anniversary of the grant date, subject to the achievement of certain performance metrics.

Non-Employee Directors' Restricted Stock Units

The Director Plan provides for the grant of stock-based awards, including RSUs, to non-employee directors of FactSet. On January 18, 2022, we granted 1,629 RSUs to our non-employee directors that vest 100% on the first anniversary of the grant date. There were no non-employee director RSU grants in fiscal 2021 and 2020.

Employee Stock Purchase Plan

Shares of FactSet common stock may be purchased by eligible employees under the FactSet Research Systems Inc. Employee Stock Purchase Plan, as Amended and Restated (the "ESPP") in three-month intervals. The purchase price is equal to 85% of the lesser of the fair market value of our common stock on the first day or the last day of each three-month offering period. Employee purchases may not exceed 10% of their gross compensation and there is a $25,000 contribution limit per employee during an offering period. Shares purchased through the ESPP cannot be sold or otherwise transferred for 18 months after purchase. Dividends paid on shares held in the ESPP are used to purchase additional ESPP shares at the market price on the dividend payment date.

During fiscal 2022, employees purchased 36,244 shares at a weighted average price of $332.30 compared with 38,848 shares at a weighted average price of $273.59 in fiscal 2021 and 42,606 shares at a weighted average price of $234.41 in fiscal 2020. Stock-based compensation expense recorded during fiscal 2022, 2021 and 2020 relating to the ESPP was $2.3 million, $2.0 million and $2.1 million, respectively. At August 31, 2022, the ESPP had 102,712 shares reserved for future issuance. The weighted average estimated fair value of the ESPP shares during fiscal years 2022, 2021 and 2020, was $66.35, $54.00 and $50.69 per share.

Stock-based Awards Available for Grant

A summary of stock-based awards available for grant is as follows:


(in thousands)	Stock-based Awards Available for Grant under the Employee Stock Option Plan	Stock-based Awards Available for Grant under the Non-Employee Stock Option Plan
Balance at August 31, 2019	6,067	264

Granted - stock option awards	(424)	(16)

Granted - RSUs(1)	(93)	—
Granted - PSUs(1)	(91)	—
Forfeited - stock-based awards(2)	167	2
Balance at August 31, 2020	5,626	250
Granted - stock option awards	(418)	(12)
Granted - RSUs(1)	(157)	—
Granted - PSUs(1)	(91)	—
Forfeited - stock-based awards(2)	120	—
Balance at August 31, 2021	5,080	238
Granted - stock option awards	(348)	(6)
Granted - RSUs(1)	(180)	(4)
Granted - PSUs(1)	(77)	—
Forfeited - stock-based awards(2)	194	4
Balance at August 31, 2022	4,669	232

(1)Each Restricted Stock Award granted is equivalent to 2.5 shares granted under the LTIP.

(2)Under the LTIP, for each Restricted Stock Award canceled/forfeited, an equivalent of 2.5 shares is added back to the available stock-based awards balance.

Employee Benefit Plans	12 Months Ended
Employee Benefit Plans	Aug. 31, 2022
Retirement Benefits [Abstract]
Employee Benefit Plans	EMPLOYEE BENEFIT PLANS Defined Contribution Plan We established our 401(k) Plan in fiscal 1993. The 401(k) Plan is a defined contribution plan covering all full-time, U.S. employees of FactSet and is subject to the provisions of the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code of 1986 ("IRC"). Each year, participants may contribute up to 60% of their eligible annual compensation, subject to annual limitations established by the IRC. We matched up to 4% of employees’ earnings, capped at the Internal Revenue Service annual maximum. Company matching contributions are subject to a five-year graduated vesting schedule. All full-time, U.S. employees are eligible for the matching contribution by FactSet. We contributed $12.0 million, $11.6 million, and $11.3 million in matching contributions to employee 401(k) accounts during fiscal 2022, 2021 and 2020, respectively.

Segment Information

12 Months Ended

Aug. 31, 2022

Segment Reporting [Abstract]

Segment Information

SEGMENT INFORMATION

Operating segments are defined as components of an enterprise that have the following characteristics: (i) they engage in business activities from which they may earn revenue and incur expense, (ii) their operating results are regularly reviewed by the chief operating decision maker ("CODM") for resource allocation decisions and performance assessment, and (iii) their discrete financial information is available. Our Chief Executive Officer functions as our CODM.

Our operating segments are consistent with our reportable segments and how we, including our CODM, manage our business and the geographic markets in which we serve. Our internal financial reporting structure is based on three segments: the Americas; EMEA; and Asia Pacific.

The Americas segment serves our clients throughout North, Central, and South America. The EMEA segment serves our clients in Europe, the Middle East, and Africa. The Asia Pacific segment serves our clients in Asia and Australia. Segment revenues reflect sales to our clients based on their respective geographic locations.

Each segment records expenses related to its individual operations with the exception of expenditures associated with our data centers, third-party data costs and corporate headquarters charges, which are recorded by the Americas segment and are not allocated to the other segments. The content collection centers, located in India, the Philippines, and Latvia, benefit all our segments and the expenses incurred at these locations are allocated to each segment based on a percentage of revenues.

The following tables reflect the results of operations of our segments:


(in thousands)
Year Ended August 31, 2022	Americas		EMEA		Asia Pacific		Total
Revenue	$	1,173,946	$	484,279	$	185,667	$	1,843,892
Operating income(1)(2)	$	159,140	$	196,231	$	120,111	$	475,482
Depreciation and amortization(2)	$	64,916	$	11,794	$	9,973	$	86,683
Stock-based compensation	$	45,319	$	8,271	$	2,413	$	56,003
Capital expenditures	$	44,114	$	1,427	$	5,615	$	51,156


Year Ended August 31, 2021	Americas		EMEA		Asia Pacific		Total
Revenue	$	1,008,046	$	427,700	$	155,699	$	1,591,445
Operating income	$	218,180	$	159,704	$	96,157	$	474,041
Depreciation and amortization	$	39,415	$	14,847	$	10,214	$	64,476
Stock-based compensation	$	35,113	$	8,401	$	1,551	$	45,065
Capital expenditures	$	38,146	$	1,424	$	21,755	$	61,325


Year Ended August 31, 2020	Americas		EMEA		Asia Pacific		Total
Revenue	$	943,649	$	406,498	$	143,964	$	1,494,111
Operating income	$	182,037	$	165,317	$	92,306	$	439,660
Depreciation and amortization	$	36,128	$	14,338	$	7,148	$	57,614
Stock-based compensation	$	28,780	$	6,576	$	1,223	$	36,579
Capital expenditures	$	60,204	$	2,079	$	15,359	$	77,642

(1)Includes impairment charges of $64.3 million, of which $62.2 million ($57.7 million in the Americas, $4.2 million in EMEA and $0.3 million in Asia Pacific) related to lease ROU assets and property, equipment and leasehold improvements impairment charges associated with vacating certain leased office space.

(2)The Americas includes CGS intangible asset amortization of $26.8 million during fiscal 2022.

Segment Total Assets

The following table reflects the total assets for our segments:


	As of August 31,
(in thousands)	2022		2021
Segment Assets
Americas	$	3,191,313	$	1,144,693
EMEA	580,450		842,652
Asia Pacific	242,542		237,595
Total assets	$	4,014,305	$	2,224,940

Geographic Information

The following tables reflect our revenues and long-lived assets, split geographically by our country of domicile (the United States) and other countries where major subsidiaries are domiciled.

Geographic Revenue

The following table sets forth revenue by geography, attributed to countries based on the location of the client:


(in thousands)	Years ended August 31,
	2022		2021		2020
Revenues
United States	$	1,106,602	$	952,423	$	898,609
United Kingdom	215,369		190,044		179,966
Other European Countries	268,910		237,656		226,532
All Other Countries	253,011		211,322		189,004
Total revenue	$	1,843,892	$	1,591,445	$	1,494,111

Geographic Long-Lived Assets

The following table sets forth long-lived assets by geographic area. Long-lived assets consist of Property, equipment and leasehold improvements, net and Lease right-of-use assets, net and excludes goodwill, intangible assets, deferred taxes and other assets.


(in thousands)	At August 31,
	2022		2021
Long-lived Assets
United States	$	111,301	$	179,864
Philippines	63,879		80,320
India	29,440		36,902
United Kingdom	12,637		30,976
All Other Countries	23,044		42,379
Total long-lived assets	$	240,301	$	370,441

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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+ Details

Schedule II - Valuation and Qualifying Accounts

12 Months Ended

Aug. 31, 2022

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

Schedule II - Valuation and Qualifying Accounts

Schedule II – Valuation and Qualifying Accounts


(in thousands)
Description	Balance at Beginning of Year		Charged to Expense		Write-offs, Net of Recoveries		Balance at End of Year
Accounts Receivable Allowance:
2022	$	6,431	$	1,324	$	(4,979)	$	2,776
2021	$	7,987	$	918	$	(2,474)	$	6,431
2020	$	10,511	$	754	$	(3,278)	$	7,987

Significant Accounting Policies (Policies)	12 Months Ended
Significant Accounting Policies (Policies)	Aug. 31, 2022
Accounting Policies [Abstract]
Basis of Accounting	We conduct business globally and manage our business on a geographic basis. The accompanying Consolidated Financial Statements and Notes to the Consolidated Financial Statements included in this Annual Report on Form 10-K are prepared in accordance with generally accepted accounting principles in the United States ("GAAP") for annual financial information and the instructions to Form 10-K and Article 10 of Regulation S-X. The accompanying Consolidated Financial Statements include our accounts and those of our wholly-owned subsidiaries; all intercompany activity and balances have been eliminated.
Subsequent Events	The Company has evaluated subsequent events through the date that the financial statements were issued.
Reclassification	We reclassified a fiscal 2020 comparative figure related to the impairment of an investment in a company from Selling, general and administrative to Asset impairments in the Consolidated Statement of Income to conform to the current year's presentation.
Use of Estimates	The preparation of our Consolidated Financial Statements and related disclosures in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Significant estimates may have been made in areas that include income taxes, stock-based compensation, goodwill and intangible assets, business combinations, long-live assets and contingencies. We base our estimates on historical experience and on various other assumptions that are believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities. Actual results could differ from those estimates.
Revenue Recognition	The majority of our revenues are derived from client access to our multi-asset solutions powered by our suite of connected content available over the contractual term (referred to as the "hosted platform"). The hosted platform is a subscription-based service that provides client access to various combinations of products and services including workstations, portfolio analytics, and enterprise solutions. We also provide subscription access to a database of universally recognized identifiers reflecting differentiating characteristics for issuers and their financial instruments (referred to as the "identifier platform"). We determined that the majority of each of our hosted platform and identifier platform services represents a single performance obligation covering a series of distinct products and services that are substantially the same and that have the same pattern of transfer to the client. The primary nature of the promise to the client is to provide daily access to each of these data and analytics platforms, with revenue recognized over-time as performance is satisfied on an output time-based measure of progress, as the client is simultaneously receiving and consuming the benefits of the platform. We record deferred revenues when cash payments are received or we have a contractual right to bill in advance.
Stock-Based Compensation	We measure compensation expense for all stock-based awards made to employees and members of our board of directors ("non-employees"), using the Black-Scholes model or the lattice-binomial option-pricing model ("binomial model") to calculate the grant-date fair value. Both models involve several assumptions, including the expected term of the awards, volatility of our common stock, risk-free interest rates and our dividend yield. We rely on the Black-Scholes model for our non-employee options, non-employee restricted stock units and common stock acquired under our employee stock purchase plan and the binomial model for our employee stock options, employee restricted stock units and employee performance share units. The binomial model incorporates market conditions, vesting restrictions and exercise patterns. For restricted stock units and performance share units, the grant date fair value is measured by reducing the grant date price of our common stock by the present value of the dividends expected to be paid on the underlying stock during the requisite service period, discounted at the appropriate risk-free interest rate. For stock-based awards with service conditions, we use the straight-line method to recognize compensation expense over the requisite service period. For stock-based awards that also include performance conditions, the graded vesting method is used to determine compensation expense over the requisite service period if achievement of the performance condition is determined to be probable, which is reviewed on a quarterly basis. Compensation expense for all stock-based awards is recorded net of estimated forfeitures which are based on historical forfeiture rates and revised if actual forfeitures differ from those estimates. For our employee stock purchase plan, compensation expense is recognized on a straight-line basis over the offering period.
Research and Product Development Costs	We do not have a separate research and product development ("R&D") department, but rather these costs primarily consist of non-compensatory employee expenses, such as salaries and related benefits for our product development, software engineering and technical support departments and certain third parties, collaborating with our strategists, product and content managers, technologists, sales and other team members to develop new products and process innovations and enhance existing products. Our R&D costs are expensed as incurred and are primarily recorded in employee compensation costs (included in our Cost of services and SG&A expenses in the Consolidated Statements of Income).
Income Taxes	We account for income taxes using the asset and liability method, under which deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities and for operating losses and tax credit carryforwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates that apply to taxable income in effect for the years in which they are expected to be realized or settled. Deferred tax assets are evaluated for future realization and reduced by a valuation allowance to the amount that is more likely than not to be realized. We recognize tax benefits from uncertain tax positions only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the consolidated financial statements from such positions are then measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. We classify the liability for unrecognized tax benefits as Taxes Payable (non-current) and to the extent that we anticipate payment of cash within one year, the benefit will be classified as Taxes Payable (current) in the Consolidated Balance Sheets. We accrue interest on all tax exposures for which reserves have been established consistent with jurisdictional tax laws, and classify this interest as income tax expense in the Consolidated Statements of Income.
Cash and Cash Equivalents	Cash and cash equivalents consist of cash and highly liquid investments including demand deposits and money market funds available for withdrawal without restriction or with original maturities of 90 days or less. The carrying value of our cash and cash equivalents approximates fair value.
Accounts Receivable	Accounts receivable are recorded at the invoiced amount, net of an allowance for any potential uncollectible amounts. Our accounts receivable includes unbilled receivables that are short-term in nature and expected to be billed and earned within one year. We evaluate our allowance to include expected credit losses and collectability trends based on a variety of factors, including our historical write-off activity, current economic environment, customer-specific information and expectations of future economic conditions. Our allowance is recorded to SG&A in the Consolidated Statements of Income and we assess the adequacy of the allowance on a quarterly basis. Recoveries of accounts previously reserved are recognized as a reversal to SG&A when payment is received. We write-off account balances when we have exhausted our collection efforts.
Property, Equipment and Leasehold Improvements	Property, equipment and leasehold improvements are stated at cost, less accumulated depreciation and amortization. Property and equipment is depreciated based on the straight-line method over the estimated useful lives of the assets, ranging from three to five years for computers and related equipment and seven years for furniture and fixtures. Leasehold improvements are amortized on a straight-line basis over the shorter of their respective useful lives or the related lease term. Repairs and maintenance expenditures, which are not considered leasehold improvements and do not extend the useful life of the property and equipment, are expensed as incurred.We perform a qualitative review of the carrying amount of our property, equipment and leasehold improvements on a quarterly basis. Should projected undiscounted future cash flows be less than the carrying amount of the asset or asset group, an impairment charge reducing the carrying amount to fair value is required.
Goodwill	Goodwill at the reporting unit level is tested for impairment annually, and more frequently if impairment indicators exist. Goodwill is deemed to be impaired and written-down in the period in which the carrying value of the reporting unit exceeds its fair value. We have three reporting units, Americas, EMEA and Asia Pacific, which are consistent with our operating segments. We may first elect to perform a qualitative analysis for the reporting units to determine whether it is more likely (a likelihood of more than 50 percent) than not the fair value of the reporting unit is less than its carrying value. In performing a qualitative assessment, we consider such factors as macro-economic conditions, industry and market conditions in which we operate, including the competitive environment and significant changes in demand for our services. We also consider the share price both in absolute terms and in relation to peer companies. If the qualitative analysis indicates that it is more likely than not the fair value of a reporting unit is less than its carrying amount or if we elect not to perform a qualitative analysis, a quantitative analysis is performed to determine whether a goodwill impairment exists. The quantitative goodwill impairment analysis is used to identify potential impairment by comparing the carrying amount of a reporting unit with its fair value, by applying the income approach, utilizing the discounted cash flow method, along with other relevant market information. The annual review of carrying value of goodwill requires us to develop estimates of future business performance. These estimates are used to derive expected cash flows and include assumptions regarding future sales levels and the level of working capital needed to support a given business. The discounted cash flow model also includes a determination of our weighted average cost of capital by reporting unit. Cost of capital is based on assumptions about interest rates, as well as a risk-adjusted rate of return required by our equity investors. Changes in these estimates can impact present value of expected cash flows used in determining fair value of a reporting unit. An impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value, if any, would be recognized. The loss recognized would not exceed total amount of goodwill allocated to that reporting unit. We performed our annual goodwill impairment test during the fourth quarter of fiscal 2022 utilizing a qualitative analysis and concluded it was more likely than not the fair value of each reporting unit was greater than its respective carrying value and no impairment charge was required.
Intangible Assets	Acquired Intangible Assets Our identifiable intangible assets are classified as an ABA business process, client relationships, software technology, developed technology, acquired databases, data content and trade names resulting from previous acquisitions. We amortize intangible assets over their estimated useful lives, which are evaluated annually to determine whether events and circumstances warrant a revision to the remaining period of amortization. If the estimate of the remaining useful life is changed, the remaining carrying amount of the intangible asset is amortized prospectively over that revised remaining useful life. Amortizable intangible assets are tested for impairment qualitatively on a quarterly basis, based on undiscounted cash flows, and, if impaired, written down to fair value based on discounted cash flows. The intangible assets have no assigned residual values. Internally Developed Software Our developed technology intangible also includes capitalized internal and external costs incurred during the application development stage related to developing, modifying or obtaining software for internal-use. Costs related to software upgrades and enhancements are capitalized if it is determined that these upgrades or enhancements provide additional functionality to the software. The capitalized software is amortized using the straight-line method over the estimated useful life of the software, generally three to five years. These assets are subject to the impairment test guidance specified in the acquired intangible assets disclosure above.
Leases	Our lease portfolio consists of operating leases primarily related to our office space. We determine if an arrangement qualifies as a lease at inception by evaluating if there is an identified asset and whether we obtain substantially all the economic benefits of and have the right to control the use of an asset. For operating leases with a term greater than one year, we recognize operating lease assets and lease liabilities as the present value of future minimum lease payments (including fixed lease payments and certain qualifying index-based variable payments) over the reasonably certain lease term beginning at the commencement date. Certain adjustments to our lease right-of-use ("ROU") assets may be required due to prepayments, lease incentives received and initial direct costs incurred. Operating leases are included in operating Lease right-of-use assets, net, Current lease liabilities and Long-term lease liabilities on our Consolidated Balance Sheets. Our leases generally do not have a readily determinable implicit rate, therefore we use our incremental borrowing rate ("IBR") at the lease commencement date in determining the present value of future payments and subsequently reassessed upon a modification to the lease arrangement. Our IBR is derived by selecting U.S. corporate yield curves observed for public companies that are reflective of our credit rating adjusted to approximate a secured rate of borrowing. We also consider revisions to the rate to reflect the geographic location where the leased asset is located. Certain of our lease agreements include options to extend and options to terminate the lease, which we do not include in our minimum lease terms unless management is reasonably certain to exercise. We account for the lease and non-lease components as a single lease component, which we recognize over the expected term on a straight-line expense basis in occupancy costs (a component of SG&A expense). Variable lease payments are not included in the calculation of the lease ROU asset and lease liability and are recognized as occupancy costs and expensed as incurred. We review our lease assets for impairment when there is an indication that the asset may no longer be recoverable. The impairment assessment requires significant judgments and estimates, including estimated subtenant rental income, discount rates and future cash flows based on our experience and knowledge of the market in which the property is located, previous efforts to dispose of similar assets and the assessment of existing market conditions. Impairments are recognized as a reduction to the carrying value of the Lease right-of-use assets, net with a corresponding increase to Asset impairments on our Consolidated Balance Sheets and Consolidated Statements of Income, respectively.
Accrued Compensation	Compensation costs primarily include costs related to salaries, incentive compensation and sales commissions, equity compensation costs, benefits, employment taxes, and any applicable restructuring costs. A significant portion of these costs are discretionary. We review our accrued compensation estimates on a quarterly basis to adjust our accruals, taking into account, among other thing, our financial results, how our overall performance tracks against management’s expectations, the individual employee's performance and historical performance.
Derivative Instruments	Foreign Currency Forward Contracts We conduct business outside the U.S. in several currencies. Our primary currency exposures include the British Pound Sterling, Euro, Indian Rupee, and Philippine Peso. As such, we are exposed to movements in foreign currency exchange rates relative to the U.S. dollar. We utilize derivative instruments (foreign currency forward contracts) to manage the exposures related to the effects of foreign exchange rate fluctuations in our operating expenses and reduce the volatility of earnings and cash flows associated with changes in foreign currency. In designing a specific hedging approach, we consider several factors, including offsetting exposures, significance of exposures, forecasting risk and potential effectiveness of the hedge. Interest Rate Swap Agreement We use interest rate swap agreements to hedge the variability of our cash flows resulting from floating interest rates on our debt. We pay interest at a fixed interest rate at specified intervals in exchange for receiving interest based on a floating interest rate that we are hedging per the contractual terms of our debt agreement, throughout the life of the interest rate swap agreement. Derivative Instrument Classification For derivative instruments that we designate at inception and that qualify as a cash flow hedge in accordance with applicable accounting guidance, the changes in fair value for these cash flow hedges are initially reported as a component of accumulated other comprehensive loss ("AOCL") and subsequently reclassified to the Consolidated Statements of Income within SG&A for the foreign currency forward contract and interest expense for the interest rate swap agreements, when the hedged exposure affects earnings. All derivatives are assessed for effectiveness at each reporting period and we do not have any derivatives not designated as hedging instruments. We do not enter into cash flow hedges for trading or speculative purposes.
Treasury Stock	We account for repurchased common stock at the market price on the trade date under the cost method, with the treasury shares included as a reduction of our Stockholders’ equity. Repurchased shares of our common stock are held as treasury shares until they are reissued or retired. When treasury shares are reissued, if the issuance price is higher than the average price paid to acquire the shares ("the cost"), the excess of the issuance price over the cost is credited to additional paid-in capital ("APIC"). If the issuance is lower than the cost, the difference is first charged against any credit balance in APIC from treasury stock, with the remaining balance charged to Retained earnings. We account for the formal retirement of treasury shares by deducting its par value from common stock, reflecting any excess of over par value as a reduction to APIC (to the extent created by previous issuances of the shares) and then Retained earnings.
Fair Value Measurements	Fair value is defined as the price that would be received from selling an asset or paid to transfer a liability (i.e., the "exit price") in an orderly transaction between market participants at the measurement date. In determining fair value, the use of various valuation methodologies, including market, income and cost approaches is permissible. We consider the principal or most advantageous market in which we would transact and consider assumptions that market participants would use when pricing the asset or liability. The accounting guidance for fair value measurements establishes a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. There are three levels of inputs that may be used to measure fair value based on the reliability of inputs. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement.
Foreign Currency Translation and Remeasurement	Certain wholly-owned subsidiaries operate under a functional currency different from the U.S. dollar, including our primary currency exposures of the British Pound Sterling, Euro, Indian Rupee, and Philippine Peso. The financial statements of our foreign subsidiaries that are local currency functional are translated into U.S. dollars using period-end rates of exchange for assets and liabilities, and average rates for the period for revenues and expenses. The resulting translation gains and losses that arise from translating these assets, liabilities, revenue and expenses of our foreign operations are recorded in AOCL as a component of stockholders’ equity. For the financial statements of our foreign subsidiaries that are U.S. dollar functional, but maintain their books of record in their respective local currency, we remeasure our revenues and expenses into U.S. dollars at the average rates of exchange for the period, monetary assets and liabilities using period-end rates and non-monetary assets and liabilities at their historical rates. The resulting remeasurement gains and losses that arise from remeasuring these assets and liabilities of our foreign operations are recorded to SG&A in the Consolidated Statements of Income.
Concentrations of Credit Risks and Data Content Providers	Cash equivalents Financial instruments that potentially subject us to concentrations of credit risk consist primarily of cash and cash equivalents. We are exposed to credit risk for cash and cash equivalents held in financial institutions in the event of a default, to the extent that such amounts are in excess of applicable insurance limits. We have not experienced any losses from maintaining cash accounts in excess of such limits. We do not believe our concentration of cash and cash equivalents present a significant credit risk as the counterparties to the instruments consist of multiple high-quality, credit-worthy financial institutions. Accounts Receivable Our accounts receivable are subject to collection risk as they are unsecured and derived from revenue earned from clients located around the globe. We do not require collateral from our clients. We maintain reserves for potential write-offs and evaluate the adequacy of the reserves periodically. These losses have historically been within expectations. No single client represented more than 3% of our total subscription revenue in any period presented. As of August 31, 2022 and 2021, the receivable reserve was $2.8 million and $6.4 million, respectively. Derivative Instruments Our use of derivative instruments exposes us to credit risk to the extent counterparties may be unable to meet the terms of their agreements. To mitigate credit risk, we limit counterparties to credit-worthy financial institutions and distribute contracts among these institutions to reduce the concentration of credit risk. We do not expect any losses as a result of default by our counterparties. We integrate data from various third-party sources into our hosted propriety data and analytics platform, which our clients access to perform their analyses. As certain data sources have a limited number of suppliers, we make every effort to assure that, where reasonable, alternative sources are available. We are not dependent on any individual third-party data supplier in order to meet the needs of our clients, with only two data suppliers each representing more than 10% of our total data costs for the year ended August 31, 2022.
Recently Adopted Accounting Pronouncements and Accounting Pronouncements Not Yet Adopted	As of the beginning of fiscal 2022, we implemented all applicable new accounting standards and updates issued by the Financial Accounting Standards Board ("FASB") that were in effect. Income Tax Simplification In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740); Simplifying the Accounting for Income Taxes, to simplify various aspects related to accounting for income taxes, eliminating certain exceptions to the general principles in accounting for income taxes related to intraperiod tax allocation, simplifying when companies recognize deferred taxes in an interim period, and clarifying certain aspects of the current guidance to promote consistent application. We have adopted this standard effective September 1, 2021. The adoption of this standard did not have an impact on our Consolidated Financial Statements. Business Combinations In October 2021, the FASB issued ASU No. 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers (ASU 2021-08), which requires an acquirer to recognize and measure contract assets and liabilities acquired in a business combination in accordance with Revenue from Contracts with Customers (Topic 606) rather than adjust them to fair value at the acquisition date. We elected to early adopt this accounting standard in the second quarter of fiscal 2022, with retrospective application to business combinations that occurred in the current fiscal year. Results of operations for quarterly periods prior to September 1, 2021 remain unchanged as a result of the adoption of ASU No. 2021-08. The acquisitions of CGS and Cobalt Software, Inc. were accounted for in accordance with ASU 2021-08. Refer to Note 6, Acquisitions for further information. The adoption of this standard did not have a material impact on our Consolidated Financial Statements. Facilitation of the Effects of Reference Rate Reform on Financial Reporting In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848); Facilitation of the Effects of Reference Rate Reform on Financial Reporting, to provide optional expedients and exceptions for applying GAAP to contract modifications, hedging relationships, and other transactions affected by the anticipated transition from the London Interbank Offered Rate ("LIBOR"). As a result of the reference rate reform initiative, certain widely used reference rates such as LIBOR are expected to be discontinued. The guidance is designed to simplify how entities account for contracts, such as receivables, debt, leases, derivative instruments and hedging, that are modified to replace LIBOR or other benchmark interest rates with new rates. The guidance is effective upon issuance and may be applied through December 31, 2022. On March 1, 2022, we repaid in full and terminated the 2019 Credit Agreement, which bore interest based on the LIBOR rate. Concurrently, on March 1, 2022, we entered into the 2022 Credit Agreement, which bears interest based on rates other than LIBOR. As such, the adoption of this standard will not have an impact on our Consolidated Financial Statements. Refer to Note 12, Debt for definitions of these terms and more information on the 2019 Credit Agreement and 2022 Credit Agreement. Inflation Reduction Act of 2022 On August 16, 2022, the Inflation Reduction Act (“IRA”) was signed into law. The IRA contains several revisions to the Internal Revenue Code effective in taxable years beginning after December 31, 2022, including a 15% corporate minimum income tax of certain large corporations and a 1% excise tax on corporate stock repurchases by publicly traded U.S. corporations. We are in the process of evaluating the impact of the IRA; however, we do not expect this law to have a material impact on our Consolidated Financial Statements. No other new accounting pronouncements issued or effective as of August 31, 2022 have had or are expected to have a material impact on our Consolidated Financial Statements.
Earnings per Share	Basic earnings per share ("EPS") is computed by dividing net income by the number of weighted average common shares outstanding during the period. Diluted EPS is computed using the treasury stock method, by dividing net income by the cumulative weighted average common shares that are outstanding or are issuable upon the exercise of outstanding stock-based compensation awards during the period. Performance-based awards stock-based compensation awards that are out-of-the-money are omitted from the calculation of diluted EPS until the reporting period in which the performance criteria has been met.

Revenue Recognition (Tables)

12 Months Ended

Aug. 31, 2022

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following table presents this disaggregation by segment:


	August 31,
(in thousands)	2022		2021		2020
Americas	$	1,173,946	$	1,008,046	$	943,649
EMEA	$	484,279	$	427,700	$	406,498
Asia Pacific	$	185,667	$	155,699	$	143,964
Total Revenue	$	1,843,892	$	1,591,445	$	1,494,111

Fair Value Measures (Tables)

12 Months Ended

Aug. 31, 2022

Fair Value Disclosures [Abstract]

Assets and Liabilities Measured at Fair Value


(in thousands)	Fair Value Measurements at August 31, 2022
	Level 1		Level 2		Total
Assets
Corporate money market funds(1)	$	179,330	$	—	$	179,330
Mutual Funds(2)	—		33,219		33,219

Derivative instruments(3)	—		12,412		12,412
Total assets measured at fair value	$	179,330	$	45,631	$	224,961

Liabilities
Derivative instruments(3)	$	—	$	8,307	$	8,307
Total liabilities measured at fair value	$	—	$	8,307	$	8,307


(in thousands)	Fair Value Measurements at August 31, 2021
	Level 1		Level 2		Total
Assets
Corporate money market funds(1)	$	232,519	$	—	$	232,519
Mutual funds(2)	—		35,984		35,984

Derivative instruments(3)	—		1,384		1,384
Total assets measured at fair value	$	232,519	$	37,368	$	269,887

Liabilities
Derivative instruments(3)	$	—	$	4,181	$	4,181
Total liabilities measured at fair value	$	—	$	4,181	$	4,181

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments


		August 31, 2022				August 31, 2021
(in thousands)	Fair Value Hierarchy	Principal Amount		Estimated Fair Value		Principal Amount		Estimated Fair Value
2027 Notes	Level 1	$	500,000	$	470,525	$	—	$	—
2032 Notes	Level 1	500,000		438,205		—		—
2022 Term Facility	Level 3	750,000		750,975		—		—
2022 Revolving Facility	Level 3	250,000		249,075		—		—
2019 Revolving Credit Facility	Level 2	—		—		575,000		575,000
Total principal amount		$	2,000,000	$	1,908,780	$	575,000	$	575,000
Total unamortized discounts and debt issuance costs		(17,576)				(465)
Total net carrying value of debt		$	1,982,424			$	574,535

Derivative Instruments (Tables)

12 Months Ended

Aug. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Gross Notional Values


	August 31, 2022				August 31, 2021
(in thousands)	Local Currency Amount		Notional Contract Amount (USD)		Local Currency Amount		Notional Contract Amount (USD)
British Pound Sterling	£	44,200	$	55,567	£	37,700	$	51,754
Euro	€	37,500	40,679		€	33,800	40,674
Indian Rupee	Rs	2,667,928	33,600		Rs	2,585,198	33,800
Philippine Peso	₱	1,462,060	27,000		₱	1,414,928	28,500
Total			$	156,846			$	154,728

The following is a summary of the gross notional values of the derivative instruments:


(in thousands)	Gross Notional Value
	August 31, 2022		August 31, 2021
Foreign currency forward contracts	$	156,846	$	154,728
Interest rate swap agreement	600,000		287,500
Total cash flow hedges	$	756,846	$	442,228

Fair Value Amounts of Derivative Instruments

The following is a summary of the fair values of the derivative instruments:


	Fair Value of Derivative Instruments
(in thousands)	Derivative Assets					Derivative Liabilities
Derivatives designated as hedging instruments	Balance Sheet Classification	August 31, 2022		August 31, 2021		Balance Sheet Classification	August 31, 2022		August 31, 2021
Foreign currency forward contracts	Prepaid expenses and other current assets	$	—	$	1,384	Accounts payable and accrued expenses	$	8,307	$	1,201
Interest rate swap agreement	Prepaid expenses and other current assets	10,621		—		Accounts payable and accrued expenses	—		1,934
	Other assets	1,791		—		Other liabilities	—		1,045
Total cash flow hedges		$	12,412	$	1,384		$	8,307	$	4,181

Derivatives in Cash Flow Hedging Relationships

The following table provides the pre-tax effect of derivative instruments in cash flow hedging relationships for each of the three fiscal years ended August 31, 2022, 2021 and 2020:


(in thousands)	Gain (Loss) Reclassified in AOCL on Derivatives						Location of Gain (Loss) Reclassified from AOCL into Income	Gain (Loss) Reclassified from AOCL into Income
Derivatives in Cash Flow Hedging Relationships	2022		2021		2020		Location of Gain (Loss) Reclassified from AOCL into Income	2022		2021		2020
Foreign currency forward contracts	$	(16,356)	$	1,660	$	5,049	SG&A	$	(7,867)	$	5,027	$	(1,556)
Interest rate swap agreement	17,245		745		(6,138)		Interest expense, net	1,854		(1,956)		(458)
Total cash flow hedges	$	889	$	2,405	$	(1,089)		$	(6,013)	$	3,071	$	(2,014)

Acquisitions (Tables)

12 Months Ended

Aug. 31, 2022

Business Combination and Asset Acquisition [Abstract]

Purchase price allocation

The acquisition date fair values of major classes of assets acquired and liabilities assumed are as follows:

Acquisition Date Fair Value

Acquisition Date Useful Life

Amortization Method

(in thousands)

(in years)

Current assets1

29,728

Amortizable intangible assets

ABA business process

1,583,000

36 years

Straight-line

Client relationships

164,000

26 years

Straight-line

Acquired databases

46,000

15 years

Straight-line

Goodwill

214,970

Current liabilities2

(104,691)

Deferred revenues, long-term

(1,481)

Total purchase price

1,931,526

1.Includes an accounts receivable balance of $29.5 million.

The acquisition date fair values of major classes of assets acquired and liabilities assumed are as follows:

Acquisition Date Fair Value

Acquisition Date Useful Life

Amortization Method

(in thousands)

(in years)

Current assets

540

Amortizable intangible assets

Software technology

7,750

5 years

Straight-line

Client relationships

4,800

11 years

Straight-line

Goodwill

41,338

Other assets

Current liabilities

(4,437)

Other liabilities

(7)

Total purchase price

50,018

The acquisition date fair values of major classes of assets acquired and liabilities assumed are as follows:

Acquisition Date Fair Value

Acquisition Date Useful Life

Amortization Method

(in thousands)

(in years)

Current assets

812

Amortizable intangible assets

Software technology

8,100

7 years

Straight-line

Trade names

2,800

15 years

Straight-line

Client relationships

900

12 years

Straight-line

Goodwill

30,058

Other assets

5,299

Current liabilities

(3,069)

Other liabilities

(2,984)

Total purchase price

41,916

Property, Equipment and Leasehold Improvements (Tables)

12 Months Ended

Aug. 31, 2022

Property, Plant and Equipment [Abstract]

Property, Equipment and Leasehold Improvements

Property, equipment and leasehold improvements consist of the following:


(in thousands)	August 31,
	2022		2021
Leasehold improvements	$	184,425	$	197,719
Computers and related equipment	104,514		136,213
Furniture and fixtures	58,143		58,212
Subtotal	$	347,082	$	392,144
Less accumulated depreciation and amortization	(266,239)		(260,767)
Property, equipment and leasehold improvements, net	$	80,843	$	131,377

Goodwill (Tables)

12 Months Ended

Aug. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in the Carrying Amount of Goodwill by Segment

Changes in the carrying amount of goodwill by segment for fiscal years ended August 31, 2022 and 2021 are as follows:


(in thousands)	Americas		EMEA		Asia Pacific		Total
Balance at August 31, 2020	$	386,195	$	320,427	$	3,081	$	709,703
Acquisitions	$	43,893	$	—	$	—	$	43,893
Foreign currency translations	—		723		(114)		609
Balance at August 31, 2021	$	430,088	$	321,150	$	2,967	$	754,205
Acquisitions	256,324		428		—		256,752
Foreign currency translations	—		(44,491)		(618)		(45,109)
Balance at August 31, 2022	$	686,412	$	277,087	$	2,349	$	965,848

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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-Name Accounting Standards Codification
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Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
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-Subparagraph (g)
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Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
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-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
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Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
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-Paragraph 1
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Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
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-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
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-Paragraph 1
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
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-URI https://asc.fasb.org/extlink&oid=122137925&loc=d3e14258-109268

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
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-Section 50
-Paragraph 1
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

+ Details

Intangible Assets (Tables)

12 Months Ended

Aug. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Identifiable Intangible Assets

The estimated useful life, gross carrying amounts and accumulated amortization totals related to our identifiable intangible assets are as follows:


		August 31, 2022						August 31, 2021
(in thousands, except useful lives)	Estimated Useful Life (years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
ABA business process	36	$	1,583,000	$	21,986	$	1,561,014	$	—	$	—	$	—
Client relationships	8 to 26	263,163		55,405		207,758		101,077		49,139		51,938
Software technology	5 to 9	122,363		96,567		25,796		121,556		87,207		34,349
Developed technology	3 to 5	80,956		33,676		47,280		57,666		21,278		36,388
Acquired databases	15	46,000		$	1,533	44,467		—		—		—
Data content	5 to 20	32,305		24,973		7,332		36,681		26,835		9,846

Trade names	15	6,693		4,431		2,262		6,900		4,435		2,465
Total		$	2,134,480	$	238,571	$	1,895,909	$	323,880	$	188,894	$	134,986

Estimated Amortization Expense

As of August 31, 2022, estimated intangible asset amortization expense for each of the next five years and thereafter are as follows:


Fiscal Year (in thousands)	Estimated Amortization Expense
2023	$	89,450
2024	80,238
2025	73,818
2026	65,685
2027	62,409
Thereafter	1,524,309
Total	$	1,895,909

Income Taxes (Tables)

12 Months Ended

Aug. 31, 2022

Income Tax Disclosure [Abstract]

Provision for Income Taxes

The provision for income taxes is as follows:


(in thousands)	Years ended August 31,
	2022			2021			2020
U.S. operations	$	281,971		$	311,767		$	280,283
Non-U.S. operations	161,623			155,850			146,851
Income before income taxes	$	443,594		$	467,617		$	427,134

U.S. operations	$	18,107		$	40,595		$	31,926
Non-U.S. operations	28,570			27,432			22,270
Total provision for income taxes	$	46,677		$	68,027		$	54,196

Effective tax rate	10.5		%	14.5		%	12.7		%

Components of the Provision for Income Taxes

The components of the provision for income taxes consist of the following:


(in thousands)	Years ended August 31,
	2022		2021		2020
Current
U.S. federal	$	12,766	$	26,734	$	9,332
U.S. state and local	10,936		13,894		8,034
Non-U.S.	31,690		32,001		26,204
Total current taxes	$	55,392	$	72,629	$	43,570

Deferred
U.S. federal	$	(4,722)	$	1,031	$	13,332
U.S. state and local	(874)		(1,064)		2,665
Non-U.S.	(3,119)		(4,569)		(5,371)
Total deferred taxes	$	(8,715)	$	(4,602)	$	10,626
Total provision for income taxes	$	46,677	$	68,027	$	54,196

Percentage of Income Before Income Taxes

The following table presents a reconciliation between the U.S. corporate income tax rate and our effective tax rate:


	Years ended August 31,
(expressed as a percentage of income before income taxes)	2022		2021		2020
Tax at U.S. Federal statutory tax rate	21.0	%	21.0	%	21.0	%
Increase (decrease) in taxes resulting from:
State and local taxes, net of U.S. federal income tax benefit	1.8		2.1		3.1
Foreign income at other than U.S. rates	(1.2)		(1.0)		(1.4)
Foreign derived intangible income ("FDII") deduction	(2.2)		(1.9)		(1.8)

Income tax benefits from R&D tax credits	(4.1)		(3.9)		(3.8)
Stock-based payments	(3.4)		(2.2)		(3.7)
Other, net	(1.4)		0.4		(0.7)
Effective tax rate	10.5	%	14.5	%	12.7	%

Significant Components of Deferred Tax Assets and Liabilities

The significant components of deferred tax assets recorded within the Consolidated Balance Sheets were as follows:


(in thousands)	At August 31,
	2022		2021
Deferred tax assets:
Lease Liabilities	$	45,842	$	55,416
Stock-based compensation	30,382		22,847
Unrealized tax loss on investment	4,216		4,135
Other	19,943		11,199
Total deferred tax assets	$	100,383	$	93,597

The significant components of deferred tax liabilities recorded within the Consolidated Balance Sheets were as follows:


(in thousands)	At August 31,
	2022		2021
Deferred tax liabilities:
Depreciation on property, equipment and leasehold improvements	$	19,855	$	17,133
Purchased intangible assets, including acquired technology	57,098		44,773
Lease right-of-use assets	27,540		43,904
Other	1,537		289
Total deferred tax liabilities	$	106,030	$	106,099

Reconciliation of Unrecognized Tax Benefits

The following table summarizes the changes in the balance of gross unrecognized tax benefits:


(in thousands)
Unrecognized income tax benefits as of August 31, 2019	$	10,884
Additions based on tax positions related to the current year	3,533
Release for tax positions of prior years	(2,086)

Unrecognized income tax benefits as of August 31, 2020(1)	$	12,331
Additions based on tax positions related to the current year	4,259
Release for tax positions of prior years	(1,720)

Unrecognized income tax benefits as of August 31, 2021(1)	$	14,870
Additions based on tax positions related to the current year	7,959
Release for tax positions of prior years	(2,658)
Unrecognized income tax benefits as of August 31, 2022(1)	$	20,171

(1)The unrecognized income tax benefits include accrued interest of $1.4 million, $1.3 million and $0.9 million as of August 31, 2022, 2021 and 2020, respectively.

Major Tax Jurisdictions in Which the Company and Affiliates Operate and the Earliest Tax Year Subject to Examination


Major Tax Jurisdictions	Open Tax Years
U.S.
Federal	2019	through	2021
State (various)	2019	through	2021

Europe
United Kingdom	2019	through	2021
France	2019	through	2021
Germany	2018	through	2021

Leases (Tables)

12 Months Ended

Aug. 31, 2022

Leases [Abstract]

Future Minimum Lease Commitments


(in thousands)	Minimum Lease Payments
Fiscal Years Ended August 31,
2023	$	38,696
2024	35,316
2025	33,245
2026	32,540
2027	31,716
Thereafter	114,016
Total	$	285,529
Less: Imputed Interest	47,722
Present Value	$	237,807

Schedule of Lease Cost and Other Information Related to Leases

The components of lease cost related to the operating leases were as follows:


	Years ended August 31,
(in millions)	2022		2021
Operating lease cost1	$	38.8	$	42.8
Variable lease cost2	$	11.5	$	14.6

elected by us.

The following table summarizes our lease term and discount rate assumptions related to the operating leases recorded on the Consolidated Balance Sheets:


	At August 31,
	2022		2021
Weighted average remaining lease term (in years)	8.6		9.4
Weighted average discount rate (IBR)	4.4	%	4.3	%

The following table summarizes supplemental cash flow information related to our operating leases:


	Years ended August 31,
(in millions)	2022		2021
Cash paid for amounts included in the measurement of lease liabilities	$	43.0	$	42.1
Lease ROU assets obtained in exchange for lease liabilities1, 3	$	9.3	$	6.4
Reductions to ROU assets resulting from reductions to lease liabilities2, 3	$	(17.5)	$	(0.7)

1.Primarily includes new lease arrangements entered into during the period and contract modifications that extend our lease terms and/or provide additional rights.

Debt (Tables)

12 Months Ended

Aug. 31, 2022

Debt Disclosure [Abstract]

Schedule of debt obligations

Our total debt obligations as of August 31, 2022 and August 31, 2021 consisted of the following:


(in thousands)	Issuance Date	Contractual Maturity Date	August 31, 2022		August 31, 2021
2019 Credit Agreement
2019 Revolving Credit Facility (terminated on March 1, 2022)	3/29/2019	3/29/2024	$	—	$	575,000

2022 Credit Agreement
2022 Term Facility	3/1/2022	3/1/2025	750,000		—
2022 Revolving Facility	3/1/2022	3/1/2027	250,000		—

Senior Notes
2027 Notes	3/1/2022	3/1/2027	500,000		—
2032 Notes	3/1/2022	3/1/2032	500,000		—

Total unamortized discounts and debt issuance costs			(17,576)		(465)

Total Long-term debt			$	1,982,424	$	574,535

Schedule of annual maturities of debt obligations

As of August 31, 2022, annual maturities on our total debt obligations, based on contract maturity, were as follows:


(in thousands)	Maturities
Fiscal Years Ended August 31,
2023	$	—
2024	—
2025	750,000
2026	—
2027	750,000
Thereafter	500,000
Total	$	2,000,000

Stockholders' Equity (Tables)

12 Months Ended

Aug. 31, 2022

Equity [Abstract]

Shares of Common Stock Outstanding

Shares of common stock outstanding were as follows:


(in thousands)	Years ended August 31,
	2022	2021	2020
Balance, beginning of year at September 1, 2021, 2020 and 2019, respectively	37,615	38,030	38,118
Common stock issued for employee stock plans	490	395	663
Repurchase of common stock from employees(1)	(14)	(13)	(12)
Repurchase of common stock under the share repurchase program	(46)	(797)	(739)
Balance, end of year at August 31, 2022, 2021, and 2020 respectively	38,045	37,615	38,030

Dividends Declared

Our Board of Directors declared dividends for the full years ended August 31, 2022 and August 31, 2021 as follows:


Year Ended	Dividends per Share of Common Stock		Record Date	Total amount (in thousands)		Payment Date
Fiscal 2022
First Quarter	$	0.82	November 30, 2021	$	30,973	December 16, 2021
Second Quarter	$	0.82	February 28, 2022	31,065		March 17, 2022
Third Quarter	$	0.89	May 31, 2022	33,795		June 16, 2022
Fourth Quarter	$	0.89	August 31, 2022	33,860		September 15, 2022
Total Dividends				$	129,693

Fiscal 2021
First Quarter	$	0.77	November 30, 2020	$	29,266	December 17, 2020
Second Quarter	$	0.77	February 26, 2021	29,141		March 18, 2021
Third Quarter	$	0.82	May 31, 2021	30,972		June 17, 2021
Fourth Quarter	$	0.82	August 31, 2021	30,845		September 16, 2021
Total Dividends				$	120,224

Components of Other Comprehensive Loss

The components of AOCL are as follows:


(in thousands)	August 31, 2022		August 31, 2021
Accumulated unrealized losses on cash flow hedges, net of tax	$	3,149	$	(2,095)
Accumulated foreign currency translation adjustments	(111,532)		(36,867)
Total AOCL	$	(108,383)	$	(38,962)

Earnings Per Share (Tables)

12 Months Ended

Aug. 31, 2022

Earnings Per Share [Abstract]

Earnings Per Share

A reconciliation of the weighted average shares outstanding used in the basic and diluted earnings per share ("EPS") computation is as follows.


	Twelve Months Ended
	August 31,
(in thousands, except per share data)	2022		2021		2020
Numerator
Net income used for calculating basic and diluted income per share	$	396,917	$	399,590	$	372,938
Denominator
Weighted average common shares used in the calculation of basic income per share	37,864		37,856		37,936
Common stock equivalents associated with stock-based compensation plan	872		714		710
Shares used in the calculation of diluted income per share	38,736		38,570		38,646
Basic income per share	$	10.48	$	10.56	$	9.83
Diluted income per share	$	10.25	$	10.36	$	9.65

Stock-based Compensation (Tables)

12 Months Ended

Aug. 31, 2022

Share-Based Payment Arrangement [Abstract]

Summary of Stock Option Activity

A summary of stock option activity is as follows:


	Number Outstanding (thousands)		Weighted Average Exercise Price Per Share		Weighted Average Grant Date Fair Value		Aggregate Intrinsic Value (millions)(1)		Weighted Average Remaining Contractual Life (years)
Outstanding as of August 31, 2019	2,524		$	168.50
Granted – employees	424		$	256.43	$	60.33

Granted – non-employee directors	16		$	271.51	$	54.74
Exercised(2)	(588)		$	145.54
Forfeited	(122)		$	218.36
Outstanding as of August 31, 2020	2,254		$	189.32
Granted – employees	418		$	317.17	$	78.31

Granted – non-employee directors	12		$	318.20	$	82.01
Exercised(2)	(322)		$	166.36
Forfeited	(85)		$	237.23
Outstanding as of August 31, 2021	2,277		$	214.89
Granted – employees	348		$	433.09	$	103.49

Granted – non-employee directors	6		$	428.71	$	109.11
Exercised(2)	(414)		$	178.57
Forfeited	(128)		$	301.05
Outstanding as of August 31, 2022	2,089	(3)	$	253.85			$	194.4	6.2
Options vested and exercisable as of August 31, 2022	1,035		$	189.12			$	252.8	4.7
Options expected to vest as of August 31, 2022	974		$	314.18			$	116.4	7.6

(2)The total pre-tax intrinsic value of stock options exercised during fiscal 2022, 2021 and 2020 was $104.1 million, $54.3 million and $85.0 million, respectively.

Summary of Weighted Average Assumptions used for Options

The following table includes the weighted average inputs to the binomial model to estimate the grant-date fair value of the employee stock options granted.


	2022				2021				2020
Term structure of risk-free interest rate	0.07	%	—	2.99%	0.04	%	—	1.67%	0.10	%	—	1.79%
Expected life (years)	6.9				7.1				7.2
Term structure of volatility	24	%	—	25%	26	%	—	27%	25	%	—	25%
Dividend yield	0.86%				0.12%				1.09%

Summary of Restricted Stock Award Activity

A summary of Restricted Stock Award activity is as follows:


(in thousands, except per award data)	Number Outstanding		Weighted Average Grant Date Fair Value Per Award
Balance at August 31, 2019	124		$	205.47
Granted - employee Restricted Stock Awards(1) (2)	74		$	252.17
Vested - employee RSUs	(33)		$	197.37
Forfeited(1)	(19)		$	198.53
Balance at August 31, 2020	146		$	231.55
Granted - employee Restricted Stock Awards(1) (2)	99		$	312.86
Vested - employee Restricted Stock Awards	(35)		$	208.67
Forfeited(1)	(13)		$	267.23
Balance at August 31, 2021	197		$	274.10
Granted - employee Restricted Stock Awards(1) (2)	103		$	418.16
Granted – non-employee directors RSUs(1)	2		$	425.29
Vested - Restricted Stock Awards	(40)		$	242.87
Forfeited(1)	(29)		$	323.16
Balance at August 31, 2022	233	(3)	$	338.87

(1)Each Restricted Stock Award granted or canceled/forfeited is equivalent to 2.5 shares under the LTIP.

Summary of Share-based Awards Available for Grant

A summary of stock-based awards available for grant is as follows:


(in thousands)	Stock-based Awards Available for Grant under the Employee Stock Option Plan	Stock-based Awards Available for Grant under the Non-Employee Stock Option Plan
Balance at August 31, 2019	6,067	264

Granted - stock option awards	(424)	(16)

Granted - RSUs(1)	(93)	—
Granted - PSUs(1)	(91)	—
Forfeited - stock-based awards(2)	167	2
Balance at August 31, 2020	5,626	250
Granted - stock option awards	(418)	(12)
Granted - RSUs(1)	(157)	—
Granted - PSUs(1)	(91)	—
Forfeited - stock-based awards(2)	120	—
Balance at August 31, 2021	5,080	238
Granted - stock option awards	(348)	(6)
Granted - RSUs(1)	(180)	(4)
Granted - PSUs(1)	(77)	—
Forfeited - stock-based awards(2)	194	4
Balance at August 31, 2022	4,669	232

(1)Each Restricted Stock Award granted is equivalent to 2.5 shares granted under the LTIP.

(2)Under the LTIP, for each Restricted Stock Award canceled/forfeited, an equivalent of 2.5 shares is added back to the available stock-based awards balance.

Segment Information (Tables)

12 Months Ended

Aug. 31, 2022

Segment Reporting [Abstract]

Results of Operations and Total Assets

The following tables reflect the results of operations of our segments:


(in thousands)
Year Ended August 31, 2022	Americas		EMEA		Asia Pacific		Total
Revenue	$	1,173,946	$	484,279	$	185,667	$	1,843,892
Operating income(1)(2)	$	159,140	$	196,231	$	120,111	$	475,482
Depreciation and amortization(2)	$	64,916	$	11,794	$	9,973	$	86,683
Stock-based compensation	$	45,319	$	8,271	$	2,413	$	56,003
Capital expenditures	$	44,114	$	1,427	$	5,615	$	51,156


Year Ended August 31, 2021	Americas		EMEA		Asia Pacific		Total
Revenue	$	1,008,046	$	427,700	$	155,699	$	1,591,445
Operating income	$	218,180	$	159,704	$	96,157	$	474,041
Depreciation and amortization	$	39,415	$	14,847	$	10,214	$	64,476
Stock-based compensation	$	35,113	$	8,401	$	1,551	$	45,065
Capital expenditures	$	38,146	$	1,424	$	21,755	$	61,325


Year Ended August 31, 2020	Americas		EMEA		Asia Pacific		Total
Revenue	$	943,649	$	406,498	$	143,964	$	1,494,111
Operating income	$	182,037	$	165,317	$	92,306	$	439,660
Depreciation and amortization	$	36,128	$	14,338	$	7,148	$	57,614
Stock-based compensation	$	28,780	$	6,576	$	1,223	$	36,579
Capital expenditures	$	60,204	$	2,079	$	15,359	$	77,642

(2)The Americas includes CGS intangible asset amortization of $26.8 million during fiscal 2022.

Segment Total Assets

The following table reflects the total assets for our segments:


	As of August 31,
(in thousands)	2022		2021
Segment Assets
Americas	$	3,191,313	$	1,144,693
EMEA	580,450		842,652
Asia Pacific	242,542		237,595
Total assets	$	4,014,305	$	2,224,940

Revenue by Geographic Areas

The following table sets forth revenue by geography, attributed to countries based on the location of the client:


(in thousands)	Years ended August 31,
	2022		2021		2020
Revenues
United States	$	1,106,602	$	952,423	$	898,609
United Kingdom	215,369		190,044		179,966
Other European Countries	268,910		237,656		226,532
All Other Countries	253,011		211,322		189,004
Total revenue	$	1,843,892	$	1,591,445	$	1,494,111

Long-lived Assets by Geographic Areas


(in thousands)	At August 31,
	2022		2021
Long-lived Assets
United States	$	111,301	$	179,864
Philippines	63,879		80,320
India	29,440		36,902
United Kingdom	12,637		30,976
All Other Countries	23,044		42,379
Total long-lived assets	$	240,301	$	370,441

Description of Business (Details)	12 Months Ended
Description of Business (Details)	Aug. 31, 2022 segment workflow
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments \| segment	3
Number of workflows \| workflow	3

Significant Accounting Policies (Details)	3 Months Ended	12 Months Ended
Significant Accounting Policies (Details)	Aug. 31, 2022 USD ($)	Aug. 31, 2022 USD ($) reporting_unit	Aug. 31, 2021 USD ($)	Aug. 31, 2020 USD ($)
Property, Plant and Equipment [Line Items]
Research and product development costs		$ 255,100,000	$ 250,100,000	$ 224,000,000.0
Number of reporting units \| reporting_unit		3
Goodwill impairment charge	$ 0
Accounts receivable, reserves	$ 2,776,000	$ 2,776,000	$ 6,431,000
Data costs \| Supplier Concentration Risk \| Supplier One
Property, Plant and Equipment [Line Items]
Concentration risk (as a percent)		10.00%
Data costs \| Supplier Concentration Risk \| Supplier Two
Property, Plant and Equipment [Line Items]
Concentration risk (as a percent)		10.00%
Minimum \| Developed technology
Property, Plant and Equipment [Line Items]
Amortization period of intangible assets		3 years
Maximum \| Developed technology
Property, Plant and Equipment [Line Items]
Amortization period of intangible assets		5 years
Computers and related equipment \| Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life		3 years
Computers and related equipment \| Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life		5 years
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Estimated useful life		7 years

Revenue Recognition (Details) - USD ($) $ in Thousands	12 Months Ended
Revenue Recognition (Details) - USD ($) $ in Thousands	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020
Disaggregation of Revenue [Line Items]
Revenues	$ 1,843,892	$ 1,591,445	$ 1,494,111
Americas
Disaggregation of Revenue [Line Items]
Revenues	1,173,946	1,008,046	943,649
EMEA
Disaggregation of Revenue [Line Items]
Revenues	484,279	427,700	406,498
Asia Pacific
Disaggregation of Revenue [Line Items]
Revenues	$ 185,667	$ 155,699	$ 143,964

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
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-Paragraph 41
-Subparagraph (a)
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (b)
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130543-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 924
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-URI https://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856

+ Details

Fair Value Measures - Assets and Liabilities Measured at Fair Value (Details) - USD ($) $ in Thousands	Aug. 31, 2022	Aug. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative instruments	$ 12,412	$ 1,384
Total assets measured at fair value	224,961	269,887
Derivative instruments	8,307	4,181
Total liabilities measured at fair value	8,307	4,181
Mutual funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mutual funds	33,219	35,984
Corporate money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Corporate money market funds	179,330	232,519
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative instruments	0	0
Total assets measured at fair value	179,330	232,519
Derivative instruments	0	0
Total liabilities measured at fair value	0	0
Level 1 \| Mutual funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mutual funds	0	0
Level 1 \| Corporate money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Corporate money market funds	179,330	232,519
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative instruments	12,412	1,384
Total assets measured at fair value	45,631	37,368
Derivative instruments	8,307	4,181
Total liabilities measured at fair value	8,307	4,181
Level 2 \| Mutual funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mutual funds	33,219	35,984
Level 2 \| Corporate money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Corporate money market funds	$ 0	$ 0

Fair Value Measures - Narrative (Details) $ in Millions	12 Months Ended
Fair Value Measures - Narrative (Details) $ in Millions	Aug. 31, 2022 USD ($)
Fair Value Disclosures [Abstract]
Impairment charge, lease ROU assets and Property, equipment and leasehold improvements	$ 62.2

Fair Value Measures - Carrying Value and Estimated Carrying Value and Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Aug. 31, 2022	Aug. 31, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total unamortized discounts and debt issuance costs	$ (17,576)	$ (465)
Total net carrying value of debt	1,982,424	574,535
Principal Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, fair value	2,000,000	575,000
Principal Amount \| Level 1 \| Senior Notes \| 2027 Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, fair value	500,000	0
Principal Amount \| Level 1 \| Senior Notes \| 2032 Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, fair value	500,000	0
Principal Amount \| Level 3 \| Line of Credit \| 2022 Credit Agreement \| Term Loan
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, fair value	750,000	0
Principal Amount \| Level 3 \| Line of Credit \| 2022 Credit Agreement \| Revolving Credit Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, fair value	250,000	0
Principal Amount \| Level 2 \| Line of Credit \| 2019 Credit Agreement \| Revolving Credit Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, fair value	0	575,000
Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, fair value	1,908,780	575,000
Estimated Fair Value \| Level 1 \| Senior Notes \| 2027 Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, fair value	470,525	0
Estimated Fair Value \| Level 1 \| Senior Notes \| 2032 Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, fair value	438,205	0
Estimated Fair Value \| Level 3 \| Line of Credit \| 2022 Credit Agreement \| Term Loan
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, fair value	750,975	0
Estimated Fair Value \| Level 3 \| Line of Credit \| 2022 Credit Agreement \| Revolving Credit Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, fair value	249,075	0
Estimated Fair Value \| Level 2 \| Line of Credit \| 2019 Credit Agreement \| Revolving Credit Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, fair value	$ 0	$ 575,000

Derivative Instruments - Narrative (Details) - USD ($) $ in Thousands		12 Months Ended
	Mar. 01, 2022	Aug. 31, 2022	Aug. 31, 2021	Mar. 05, 2020
Derivative [Line Items]
Estimated pre-tax derivative gains to be reclassified in next 12 months		$ 2,300
Minimum
Derivative [Line Items]
Currency exposure (as a percent)		25.00%
Maximum
Derivative [Line Items]
Currency exposure (as a percent)		75.00%
Cash Flow Hedging \| Designated as Hedging Instrument
Derivative [Line Items]
Gross notional value		$ 756,846	$ 442,228
Interest rate swap agreement \| Cash Flow Hedging \| Designated as Hedging Instrument
Derivative [Line Items]
Gross notional value	$ 800,000	$ 600,000	$ 287,500	$ 287,500
Fixed interest rate	1.162%			0.7995%
Benefit recognized in interest expense	$ 3,500
Quarterly decline in notional amount	$ 100,000

Derivative Instruments - Gross Notional Values by Currency (Details) - Cash Flow Hedging - Designated as Hedging Instrument ₱ in Thousands, € in Thousands, ₨ in Thousands, £ in Thousands, $ in Thousands	Aug. 31, 2022 USD ($)	Aug. 31, 2022 GBP (£)	Aug. 31, 2022 EUR (€)	Aug. 31, 2022 INR (₨)	Aug. 31, 2022 PHP (₱)	Aug. 31, 2021 USD ($)	Aug. 31, 2021 GBP (£)	Aug. 31, 2021 EUR (€)	Aug. 31, 2021 INR (₨)	Aug. 31, 2021 PHP (₱)
Derivative [Line Items]
Notional contract amount	$ 756,846					$ 442,228
Foreign currency forward contracts
Derivative [Line Items]
Notional contract amount	156,846					154,728
British Pound Sterling
Derivative [Line Items]
Notional contract amount	55,567	£ 44,200				51,754	£ 37,700
Euro
Derivative [Line Items]
Notional contract amount	40,679		€ 37,500			40,674		€ 33,800
Indian Rupee
Derivative [Line Items]
Notional contract amount	33,600			₨ 2,667,928		33,800			₨ 2,585,198
Philippine Peso
Derivative [Line Items]
Notional contract amount	$ 27,000				₱ 1,462,060	$ 28,500				₱ 1,414,928

Derivative Instruments - Gross Notional Values (Details) - Cash Flow Hedging - Designated as Hedging Instrument - USD ($) $ in Thousands	Aug. 31, 2022	Mar. 01, 2022	Aug. 31, 2021	Mar. 05, 2020
Derivative [Line Items]
Gross notional value	$ 756,846		$ 442,228
Foreign currency forward contracts
Derivative [Line Items]
Gross notional value	156,846		154,728
Interest rate swap agreement
Derivative [Line Items]
Gross notional value	$ 600,000	$ 800,000	$ 287,500	$ 287,500

Derivative Instruments - Fair Value Amounts of Derivative Instruments (Details) - USD ($) $ in Thousands	Aug. 31, 2022	Aug. 31, 2021
Derivative [Line Items]
Derivative Asset	$ 12,412	$ 1,384
Derivative Liability	8,307	4,181
Cash Flow Hedging \| Designated as Hedging Instrument
Derivative [Line Items]
Derivative Asset	12,412	1,384
Derivative Liability	$ 8,307	$ 4,181
Cash Flow Hedging \| Designated as Hedging Instrument \| Foreign currency forward contracts
Derivative [Line Items]
Derivative asset, location	Prepaid expenses and other current assets	Prepaid expenses and other current assets
Derivative Asset	$ 0	$ 1,384
Derivative liability, location	Accounts payable and accrued expenses	Accounts payable and accrued expenses
Derivative Liability	$ 8,307	$ 1,201
Cash Flow Hedging \| Designated as Hedging Instrument \| Interest rate swap agreement \| Prepaid expenses and other current assets
Derivative [Line Items]
Derivative asset, location	Prepaid expenses and other current assets	Prepaid expenses and other current assets
Derivative Asset	$ 10,621	$ 0
Cash Flow Hedging \| Designated as Hedging Instrument \| Interest rate swap agreement \| Other assets
Derivative [Line Items]
Derivative asset, location	Other assets	Other assets
Derivative Asset	$ 1,791	$ 0
Cash Flow Hedging \| Designated as Hedging Instrument \| Interest rate swap agreement \| Accounts payable and accrued expenses
Derivative [Line Items]
Derivative liability, location	Accounts payable and accrued expenses	Accounts payable and accrued expenses
Derivative Liability	$ 0	$ 1,934
Cash Flow Hedging \| Designated as Hedging Instrument \| Interest rate swap agreement \| Other liabilities
Derivative [Line Items]
Derivative liability, location	Other liabilities	Other liabilities
Derivative Liability	$ 0	$ 1,045

Derivative Instruments - Derivatives in Cash Flow Hedging Relationships (Details) - Cash Flow Hedging - Designated as Hedging Instrument - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020
Derivative [Line Items]
Gain (Loss) Reclassified in AOCL on Derivatives	$ 889	$ 2,405	$ (1,089)
Gain (Loss) Reclassified from AOCL into Income	(6,013)	3,071	(2,014)
Foreign currency forward contracts
Derivative [Line Items]
Gain (Loss) Reclassified in AOCL on Derivatives	(16,356)	1,660	5,049
Foreign currency forward contracts \| SG&A
Derivative [Line Items]
Gain (Loss) Reclassified from AOCL into Income	(7,867)	5,027	(1,556)
Interest rate swap agreement
Derivative [Line Items]
Gain (Loss) Reclassified in AOCL on Derivatives	17,245	745	(6,138)
Interest rate swap agreement \| Interest expense, net
Derivative [Line Items]
Gain (Loss) Reclassified from AOCL into Income	$ 1,854	$ (1,956)	$ (458)

Acquisitions - Narrative (Details) - USD ($) $ in Thousands				12 Months Ended
Acquisitions - Narrative (Details) - USD ($) $ in Thousands	Mar. 01, 2022	Oct. 12, 2021	Nov. 02, 2020	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020
Business Acquisition [Line Items]
Purchase price				$ 1,981,641	$ 58,056	$ 0
Goodwill				$ 965,848	$ 754,205	$ 709,703
CUSIP Global Services
Business Acquisition [Line Items]
Purchase price	$ 1,932,000
Goodwill	$ 214,970
Cobalt Software, Inc.
Business Acquisition [Line Items]
Purchase price		$ 50,000
Goodwill		$ 41,338
Truvalue Labs, Inc.
Business Acquisition [Line Items]
Purchase price			$ 41,900
Goodwill			$ 30,058

- Definition

Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.

+ References + Details

Acquisitions - Fair values of assets acquired and liabilities assumed (Details) - USD ($) $ in Thousands				12 Months Ended
	Mar. 01, 2022	Oct. 12, 2021	Nov. 02, 2020	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020
Business Acquisition [Line Items]
Goodwill				$ 965,848	$ 754,205	$ 709,703
ABA business process
Business Acquisition [Line Items]
Estimated Useful Life (years)				36 years
Acquired databases
Business Acquisition [Line Items]
Estimated Useful Life (years)				15 years
Trade names
Business Acquisition [Line Items]
Estimated Useful Life (years)				15 years
CUSIP Global Services
Business Acquisition [Line Items]
Current assets	$ 29,728
Goodwill	214,970
Current liabilities	(104,691)
Deferred revenues, long-term	(1,481)
Total purchase price	1,931,526
Accounts receivable	29,500
Deferred revenues	99,400
CUSIP Global Services \| ABA business process
Business Acquisition [Line Items]
Amortizable intangible assets	$ 1,583,000
Estimated Useful Life (years)	36 years
CUSIP Global Services \| Client relationships
Business Acquisition [Line Items]
Amortizable intangible assets	$ 164,000
Estimated Useful Life (years)	26 years
CUSIP Global Services \| Acquired databases
Business Acquisition [Line Items]
Amortizable intangible assets	$ 46,000
Estimated Useful Life (years)	15 years
Cobalt Software, Inc.
Business Acquisition [Line Items]
Current assets		$ 540
Goodwill		41,338
Other assets		34
Current liabilities		(4,437)
Other liabilities		(7)
Total purchase price		50,018
Cobalt Software, Inc. \| Client relationships
Business Acquisition [Line Items]
Amortizable intangible assets		$ 4,800
Estimated Useful Life (years)		11 years
Cobalt Software, Inc. \| Software technology
Business Acquisition [Line Items]
Amortizable intangible assets		$ 7,750
Estimated Useful Life (years)		5 years
Truvalue Labs, Inc.
Business Acquisition [Line Items]
Current assets			$ 812
Goodwill			30,058
Other assets			5,299
Current liabilities			(3,069)
Other liabilities			(2,984)
Total purchase price			41,916
Truvalue Labs, Inc. \| Client relationships
Business Acquisition [Line Items]
Amortizable intangible assets			$ 900
Estimated Useful Life (years)			12 years
Truvalue Labs, Inc. \| Software technology
Business Acquisition [Line Items]
Amortizable intangible assets			$ 8,100
Estimated Useful Life (years)			7 years
Truvalue Labs, Inc. \| Trade names
Business Acquisition [Line Items]
Amortizable intangible assets			$ 2,800
Estimated Useful Life (years)			15 years

Property, Equipment and Leasehold Improvements (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020
Property, Plant and Equipment [Line Items]
Subtotal	$ 347,082	$ 392,144
Less accumulated depreciation and amortization	(266,239)	(260,767)
Property, equipment and leasehold improvements, net	80,843	131,377
Depreciation expense	24,300	30,400	$ 32,200
Impairment charge, Property, equipment and leasehold improvements	30,700
Leasehold improvements
Property, Plant and Equipment [Line Items]
Subtotal	184,425	197,719
Computers and related equipment
Property, Plant and Equipment [Line Items]
Subtotal	104,514	136,213
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Subtotal	$ 58,143	$ 58,212

Goodwill - Changes in the Carrying Amount of Goodwill by Segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Goodwill [Roll Forward]
Balance	$ 754,205	$ 709,703
Acquisitions	256,752	43,893
Foreign currency translations	(45,109)	609
Ending Balance	965,848	754,205
Americas
Goodwill [Roll Forward]
Balance	430,088	386,195
Acquisitions	256,324	43,893
Foreign currency translations	0	0
Ending Balance	686,412	430,088
EMEA
Goodwill [Roll Forward]
Balance	321,150	320,427
Acquisitions	428	0
Foreign currency translations	(44,491)	723
Ending Balance	277,087	321,150
Asia Pacific
Goodwill [Roll Forward]
Balance	2,967	3,081
Acquisitions	0	0
Foreign currency translations	(618)	(114)
Ending Balance	$ 2,349	$ 2,967

- Definition

+ References + Details

Intangible Assets - Identifiable Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 2,134,480	$ 323,880
Accumulated Amortization	238,571	188,894
Total	$ 1,895,909	134,986
ABA business process
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (years)	36 years
Gross Carrying Amount	$ 1,583,000	0
Accumulated Amortization	21,986	0
Total	1,561,014	0
Client relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	263,163	101,077
Accumulated Amortization	55,405	49,139
Total	$ 207,758	51,938
Client relationships \| Minimum
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (years)	8 years
Client relationships \| Maximum
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (years)	26 years
Software technology
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 122,363	121,556
Accumulated Amortization	96,567	87,207
Total	$ 25,796	34,349
Software technology \| Minimum
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (years)	5 years
Software technology \| Maximum
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (years)	9 years
Developed technology
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 80,956	57,666
Accumulated Amortization	33,676	21,278
Total	$ 47,280	36,388
Developed technology \| Minimum
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (years)	3 years
Developed technology \| Maximum
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (years)	5 years
Acquired databases
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (years)	15 years
Gross Carrying Amount	$ 46,000	0
Accumulated Amortization	1,533	0
Total	44,467	0
Data content
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	32,305	36,681
Accumulated Amortization	24,973	26,835
Total	$ 7,332	9,846
Data content \| Minimum
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (years)	5 years
Data content \| Maximum
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (years)	20 years
Trade names
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (years)	15 years
Gross Carrying Amount	$ 6,693	6,900
Accumulated Amortization	4,431	4,435
Total	$ 2,262	$ 2,465

Intangible Assets - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Weighted average useful life	32 years 9 months 18 days
Amortization expense	$ 62.4	$ 31.5	$ 25.4
Acquisitions excluding CGS
Finite-Lived Intangible Assets [Line Items]
Weighted average useful life	9 years 7 months 6 days

Intangible Assets - Estimated Amortization Expense (Details) - USD ($) $ in Thousands	Aug. 31, 2022	Aug. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
2023	$ 89,450
2024	80,238
2025	73,818
2026	65,685
2027	62,409
Thereafter	1,524,309
Total	$ 1,895,909	$ 134,986

Income Taxes - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
Income Taxes - Narrative (Details) - USD ($) $ in Thousands	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020
Income Tax Disclosure [Abstract]
Decrease in provision for income taxes	31.40%
Provision for income taxes	$ 46,677	$ 68,027	$ 54,196
Decrease in tax expense, higher windfall tax benefits from stock-based compensation	11,700
Federal
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	34,800
State
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	$ 13,800

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Income Taxes - Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020
Income before income taxes
U.S. operations	$ 281,971	$ 311,767	$ 280,283
Non-U.S. operations	161,623	155,850	146,851
Income before income taxes	443,594	467,617	427,134
Total provision for income taxes
U.S. operations	18,107	40,595	31,926
Non-U.S. operations	28,570	27,432	22,270
Total provision for income taxes	$ 46,677	$ 68,027	$ 54,196
Effective tax rate	10.50%	14.50%	12.70%

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 940
-SubTopic 20
-Section 25
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=126941158&loc=d3e41242-110953

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(10))
-URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(8))
-URI https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 235
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-URI https://asc.fasb.org/extlink&oid=120399901&loc=d3e537907-122884

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(15))
-URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

+ Details

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Income Taxes - Components of the Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020
Current
U.S. federal	$ 12,766	$ 26,734	$ 9,332
U.S. state and local	10,936	13,894	8,034
Non-U.S.	31,690	32,001	26,204
Total current taxes	55,392	72,629	43,570
Deferred
U.S. federal	(4,722)	1,031	13,332
U.S. state and local	(874)	(1,064)	2,665
Non-U.S.	(3,119)	(4,569)	(5,371)
Total deferred taxes	(8,715)	(4,602)	10,626
Total provision for income taxes	$ 46,677	$ 68,027	$ 54,196

Income Taxes - Reconciliation of Effective Tax Rate (Details)	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020
Income Tax Disclosure [Abstract]
Tax at U.S. Federal statutory tax rate	21.00%	21.00%	21.00%
State and local taxes, net of U.S. federal income tax benefit	1.80%	2.10%	3.10%
Foreign income at other than U.S. rates	(1.20%)	(1.00%)	(1.40%)
Foreign derived intangible income ("FDII") deduction	(2.20%)	(1.90%)	(1.80%)
Income tax benefits from R&D tax credits	(4.10%)	(3.90%)	(3.80%)
Stock-based payments	(3.40%)	(2.20%)	(3.70%)
Other, net	(1.40%)	0.40%	(0.70%)
Effective tax rate	10.50%	14.50%	12.70%

Income Taxes - Significant Components of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Aug. 31, 2022	Aug. 31, 2021
Deferred tax assets:
Lease Liabilities	$ 45,842	$ 55,416
Stock-based compensation	30,382	22,847
Unrealized tax loss on investment	4,216	4,135
Other	19,943	11,199
Total deferred tax assets	100,383	93,597
Deferred tax liabilities:
Depreciation on property, equipment and leasehold improvements	19,855	17,133
Purchased intangible assets, including acquired technology	57,098	44,773
Lease right-of-use assets	27,540	43,904
Other	1,537	289
Total deferred tax liabilities	$ 106,030	$ 106,099

Income Taxes - Reconciliation of Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Balance	$ 14,870	$ 12,331	$ 10,884
Additions based on tax positions related to the current year	7,959	4,259	3,533
Release for tax positions of prior years	(2,658)	(1,720)	(2,086)
Balance	20,171	14,870	12,331
Accrued interest	$ 1,400	$ 1,300	$ 900

Leases - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
Leases - Narrative (Details) - USD ($) $ in Thousands	Aug. 31, 2022	Aug. 31, 2021
Lessee, Lease, Description [Line Items]
ROU assets	$ 159,458	$ 239,064
Current and non-current lease liabilities	237,807
Impairment charge, lease ROU assets	$ 31,500
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease term	1 year
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease term	13 years

Leases - Schedule of Future Minimum Commitments (Details) $ in Thousands	Aug. 31, 2022 USD ($)
Leases [Abstract]
2023	$ 38,696
2024	35,316
2025	33,245
2026	32,540
2027	31,716
Thereafter	114,016
Total	285,529
Less: Imputed Interest	47,722
Present Value	$ 237,807

Leases - Schedule of Lease Cost and Other Information Related to Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Leases [Abstract]
Operating lease cost	$ 38,800	$ 42,800
Variable lease cost	$ 11,500	$ 14,600
Weighted average remaining lease term (in years)	8 years 7 months 6 days	9 years 4 months 24 days
Weighted average discount rate (incremental borrowing rate)	4.40%	4.30%
Cash paid for amounts included in the measurement of lease liabilities	$ 43,000	$ 42,100
Lease ROU assets obtained in exchange for lease liabilities	9,300	6,400
Reductions to ROU assets resulting from reductions to lease liabilities	$ (17,500)	$ (700)

Debt - Debt Obligations (Details) - USD ($) $ in Thousands	Aug. 31, 2022	Aug. 31, 2021
Debt Instrument [Line Items]
Long-term debt, gross	$ 2,000,000
Total unamortized discounts and debt issuance costs	(17,576)	$ (465)
Total net carrying value of debt	1,982,424	574,535
Senior Notes \| 2027 Notes
Debt Instrument [Line Items]
Long-term debt, gross	500,000	0
Senior Notes \| 2032 Notes
Debt Instrument [Line Items]
Long-term debt, gross	500,000	0
Term Loan \| Line of Credit \| 2022 Credit Agreement
Debt Instrument [Line Items]
Long-term debt, gross	750,000	0
Revolving Credit Facility \| Line of Credit \| 2019 Credit Agreement
Debt Instrument [Line Items]
Long-term debt, gross	0	575,000
Revolving Credit Facility \| Line of Credit \| 2022 Credit Agreement
Debt Instrument [Line Items]
Long-term debt, gross	$ 250,000	$ 0

Debt - Annual Maturities of Debt Obligations (Details) $ in Thousands	Aug. 31, 2022 USD ($)
Debt Disclosure [Abstract]
2023	$ 0
2024	0
2025	750,000
2026	0
2027	750,000
Thereafter	500,000
Total	$ 2,000,000

Debt - Narrative (Details) - USD ($)			12 Months Ended
Debt - Narrative (Details) - USD ($)	Aug. 31, 2022	Mar. 01, 2022	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020	May 31, 2022	Mar. 05, 2020	Aug. 31, 2019	Mar. 29, 2019
Debt Instrument [Line Items]
Repayments of debt			$ 825,000,000	$ 0	$ 0
Interest expense			$ 35,200,000	$ 8,100,000
Weighted average interest rate	2.02%		2.02%	1.38%
Interest rate swap agreement \| Cash Flow Hedging \| Designated as Hedging Instrument
Debt Instrument [Line Items]
Fixed interest rate		1.162%					0.7995%
Line of Credit \| 2019 Credit Agreement
Debt Instrument [Line Items]
Debt issuance costs								$ 900,000
Amortization of remaining debt issuance costs		$ 400,000
Line of Credit \| 2022 Credit Agreement
Debt Instrument [Line Items]
Debt issuance costs						$ 9,500,000
Covenants, permitted netting of unrestricted cash and cash equivalents		350,000,000.0
Covenants, material acquisition aggregate consideration minimum		$ 200,000,000.0
Covenants, maximum leverage ratio, potential increase		0.50
Covenants, minimum interest coverage ratio		3.00
Line of Credit \| 2022 Credit Agreement \| Beginning with fiscal quarter ending May 31, 2022
Debt Instrument [Line Items]
Covenants, required maximum leverage ratio		4.00
Line of Credit \| 2022 Credit Agreement \| Beginning with fiscal quarter ending August 31, 2023
Debt Instrument [Line Items]
Covenants, required maximum leverage ratio		3.75
Line of Credit \| 2022 Credit Agreement \| Beginning with fiscal quarter ending August 31, 2024
Debt Instrument [Line Items]
Covenants, required maximum leverage ratio		3.50
Line of Credit \| 2022 Credit Agreement \| Term SOFR
Debt Instrument [Line Items]
Basis spread on variable rate		1.10%
Floor interest rate		0
Line of Credit \| 2022 Credit Agreement \| Term SOFR \| Credit Spread Adjustment
Debt Instrument [Line Items]
Basis spread on variable rate		0.10%
Line of Credit \| 2022 Credit Agreement \| Term SOFR \| Interest Rate Margin
Debt Instrument [Line Items]
Basis spread on variable rate		1.00%
Line of Credit \| 2022 Credit Agreement \| Daily Simple SOFR
Debt Instrument [Line Items]
Floor interest rate		0
Line of Credit \| 2022 Credit Agreement \| Daily Simple SOFR \| Credit Spread Adjustment
Debt Instrument [Line Items]
Basis spread on variable rate		0.10%
Line of Credit \| 2022 Credit Agreement \| Daily Simple SONIA
Debt Instrument [Line Items]
Floor interest rate		0
Line of Credit \| 2022 Credit Agreement \| EURIBOR
Debt Instrument [Line Items]
Floor interest rate		0
Senior Notes
Debt Instrument [Line Items]
Debt issuance costs		$ 9,100,000
Discount		$ 2,800,000
Redemption price, percentage		101.00%
Senior Notes \| 2027 Notes
Debt Instrument [Line Items]
Aggregate principal amount		$ 500,000,000.0
Stated interest rate		2.90%
Senior Notes \| 2032 Notes
Debt Instrument [Line Items]
Aggregate principal amount		$ 500,000,000.0
Stated interest rate		3.45%
Revolving Credit Facility \| Line of Credit \| 2019 Credit Agreement
Debt Instrument [Line Items]
Maximum borrowing capacity									$ 750,000,000.0
Borrowed									$ 575,000,000.0
Revolving Credit Facility \| Line of Credit \| 2022 Credit Agreement
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 500,000,000.0
Borrowed		250,000,000.0
Maximum additional borrowings		$ 750,000,000.0
Commitment fee percentage	0.125%
Revolving Credit Facility \| Line of Credit \| 2022 Credit Agreement \| Minimum
Debt Instrument [Line Items]
Commitment fee percentage		0.10%
Revolving Credit Facility \| Line of Credit \| 2022 Credit Agreement \| Maximum
Debt Instrument [Line Items]
Commitment fee percentage		0.25%
Letter of Credit \| Line of Credit \| 2022 Credit Agreement
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 100,000,000.0
Swingline Loan \| Line of Credit \| 2022 Credit Agreement
Debt Instrument [Line Items]
Maximum borrowing capacity		50,000,000.0
Term Loan \| Line of Credit \| 2022 Credit Agreement
Debt Instrument [Line Items]
Borrowed		1,000,000,000.0
Aggregate principal amount		$ 1,000,000,000.0
Scheduled amortization payments		1.25%
Repayments of debt			$ 250,000,000.0
Voluntary prepayments of debt			$ 237,500,000

Commitments and Contingencies (Details) - USD ($) $ in Millions	Aug. 31, 2022	Aug. 31, 2021
Concentration Risk [Line Items]
Purchase commitment, remaining minimum amount committed	$ 373.9	$ 191.9
Letters of credit outstanding	0.5	2.8
Commitment to fund investment
Concentration Risk [Line Items]
Commitment	$ 1.1	$ 2.3

Stockholders' Equity - Shares of Common Stock Outstanding (Details) - USD ($) $ in Millions	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock, balance (in shares)	37,615,419	38,030,000	38,118,000
Common stock issued for employee stock plans (in shares)	490,000	395,000	663,000
Repurchase of common stock (in shares)	(46,200)	(797,385)
Common stock, balance (in shares)	38,044,756	37,615,419	38,030,000
Number of shares repurchased in settlement of employee tax withholding obligations	14,489	12,932	11,945
Value of shares repurchased in settlement of employee tax withholding obligations	$ 6.2	$ 4.3	$ 3.5
Repurchase of common stock from employees
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Repurchase of common stock (in shares)	(14,000)	(13,000)	(12,000)
Repurchase of common stock under the share repurchase program
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Repurchase of common stock (in shares)	(46,000)	(797,000)	(739,000)

Stockholders' Equity - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands		12 Months Ended
	May 05, 2021	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020	May 31, 2022	Feb. 28, 2022	Nov. 30, 2021	May 31, 2021	Feb. 28, 2021	Nov. 30, 2020
Class of Stock [Line Items]
Remaining authorized for future share repurchases		$ 181,300
Repurchase of common stock (in shares)		46,200	797,385
Repurchases of common stock		$ 18,639	$ 264,702	$ 199,625
Shares repurchased from employees at cost to cover taxes upon vesting (in shares)		14,489	12,932	11,945
Value of shares repurchased from employees at cost to cover taxes upon vesting		$ 6,200	$ 4,300	$ 3,500
Approved increase in regular quarterly dividend (as a percent)	8.50%
Regular quarterly dividend (in dollars per share)		$ 0.89	$ 0.82		$ 0.89	$ 0.82	$ 0.82	$ 0.82	$ 0.77	$ 0.77
Restricted stock
Class of Stock [Line Items]
Previously granted awards vested (in shares)		39,499	34,607

Stockholders' Equity - Dividends Declared (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Aug. 31, 2022	May 31, 2022	Feb. 28, 2022	Nov. 30, 2021	Aug. 31, 2021	May 31, 2021	Feb. 28, 2021	Nov. 30, 2020	Aug. 31, 2022	Aug. 31, 2021
Equity [Abstract]
Dividends per Share of Common Stock (in dollars per share)	$ 0.89	$ 0.89	$ 0.82	$ 0.82	$ 0.82	$ 0.82	$ 0.77	$ 0.77	$ 0.89	$ 0.82
Total amount	$ 33,860	$ 33,795	$ 31,065	$ 30,973	$ 30,845	$ 30,972	$ 29,141	$ 29,266	$ 129,693	$ 120,224

Stockholders' Equity - Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020	Aug. 31, 2019
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total AOCL	$ 1,331,408	$ 1,016,353	$ 896,375	$ 672,256
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total AOCL	(108,383)	(38,962)	$ (39,293)	$ (74,544)
Accumulated unrealized gains (losses) on cash flow hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total AOCL	3,149	(2,095)
Accumulated foreign currency translation adjustment losses
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total AOCL	$ (111,532)	$ (36,867)

- Definition

Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.

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+ Details

Earnings Per Share - Narrative (Details) - shares	12 Months Ended
Earnings Per Share - Narrative (Details) - shares	Aug. 31, 2022	Aug. 31, 2021
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from calculation of diluted EPS (in shares)	329,189	1,750
PSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from calculation of diluted EPS (in shares)	60,725	68,990

Earnings Per Share - Weighted Average Shares Outstanding (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020
Numerator
Net income used for calculating basic income per share	$ 396,917	$ 399,590	$ 372,938
Net income used for calculating diluted income per share	$ 396,917	$ 399,590	$ 372,938
Denominator
Weighted average common shares used in the calculation of basic income per share (in shares)	37,864	37,856	37,936
Common stock equivalents associated with stock-based compensation plans (in shares)	872	714	710
Shares used in calculation of diluted income per share (in shares)	38,736	38,570	38,646
Basic income per share (in dollars per share)	$ 10.48	$ 10.56	$ 9.83
Diluted income per share (in dollars per share)	$ 10.25	$ 10.36	$ 9.65

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders.

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- Definition

Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities, and addition from assumption of issuance of common shares for dilutive potential common shares; of income (loss) available to common shareholders.

+ References + Details

Stock-based Compensation - Narrative (Details) - USD ($)			12 Months Ended
	Jan. 18, 2022	Nov. 01, 2021	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense			$ 56,003,000	$ 45,065,000	$ 36,579,000
Unrecognized compensation expense			$ 109,300,000
Weighted average period for recognition			3 years
Stock-based compensation capitalized			$ 0	$ 0
Employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted (in shares)			348,458	418,000	424,000
Non-employee directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted (in shares)	6,329		6,000	12,000	16,000
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average period for recognition			3 years 2 months 12 days
Stock options \| Employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period			4 years
Expiration period		10 years
Stock options \| Non-employee directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period			3 years
Expiration period			7 years
Vesting percentage			100.00%
RSUs and PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense			$ 49,200,000
Weighted average period for recognition			2 years 9 months 18 days
RSUs and PSUs \| Employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted (in shares)			102,682	99,000	74,000
RSUs and PSUs \| Non-employee directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted (in shares)			2,000
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period		5 years	3 years
Awards granted (in shares)			71,978	62,960	36,709
RSUs \| Employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted (in shares)			180,000	157,000	93,000
RSUs \| Non-employee directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	100.00%
Awards granted (in shares)	1,629		4,000	0	0
PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted (in shares)			30,704	36,424	36,888
PSUs \| Employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period			3 years
Awards granted (in shares)			77,000	91,000	91,000
PSUs \| Non-employee directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted (in shares)			0	0	0
ESPP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense			$ 2,300,000	$ 2,000,000.0	$ 2,100,000
Purchase period			3 months
Purchase price (as a percent)			85.00%
Percentage of purchases which may not exceed gross compensation			10.00%
Contribution limit			$ 25,000
Restriction period			18 months
Shares purchased (in shares)			36,244	38,848	42,606
Weighted average price (in dollars per share)			$ 332.30	$ 273.59	$ 234.41
Number of shares reserved for future issuance			102,712
Weighted average estimated fair value (in dollars per share)			$ 66.35	$ 54.00	$ 50.69

Stock-based Compensation - Summary of Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Millions		12 Months Ended
	Jan. 18, 2022	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020
Number Outstanding
Balance (in shares)		2,277,000	2,254,000	2,524,000
Exercised (in shares)		(414,000)	(322,000)	(588,000)
Forfeited (in shares)		(128,000)	(85,000)	(122,000)
Balance (in shares)		2,089,231	2,277,000	2,254,000
Vested and exercisable (in shares)		1,035,000
Expected to vest (in shares)		974,000
Weighted Average Exercise Price Per Share
Balance (in dollars per share)		$ 214.89	$ 189.32	$ 168.50
Exercised (in dollars per share)		178.57	166.36	145.54
Forfeited (in dollars per share)		301.05	237.23	218.36
Balance (in dollars per share)		253.85	$ 214.89	$ 189.32
Vested and exercisable (in dollars per share)		189.12
Expected to vest (in dollars per share)		$ 314.18
Aggregate Intrinsic Value
Outstanding, aggregate intrinsic value		$ 194.4
Vested and exercisable, aggregate intrinsic value		252.8
Expected to vest, aggregate intrinsic value		$ 116.4
Weighted Average Remaining Contractual Life
Outstanding, weighted average remaining contractual term		6 years 2 months 12 days
Vested and exercisable, weighted average remaining contractual life		4 years 8 months 12 days
Expected to vest, weighted average remaining contractual term		7 years 7 months 6 days
Exercise price (in dollars per share)		$ 433.34
Pre-tax intrinsic value of stock options exercised		$ 104.1	$ 54.3	$ 85.0
Unamortized stock-based compensation		$ 60.1
Remaining vesting period		3 years
Stock options
Weighted Average Remaining Contractual Life
Remaining vesting period		3 years 2 months 12 days
Employee
Number Outstanding
Granted (in shares)		348,458	418,000	424,000
Weighted Average Exercise Price Per Share
Granted (in dollars per share)		$ 433.09	$ 317.17	$ 256.43
Aggregate Intrinsic Value
Weighted average grant date fair value (in dollars per share)		$ 103.49	$ 78.31	$ 60.33
Non-employee directors
Number Outstanding
Granted (in shares)	6,329	6,000	12,000	16,000
Weighted Average Exercise Price Per Share
Granted (in dollars per share)		$ 428.71	$ 318.20	$ 271.51
Aggregate Intrinsic Value
Weighted average grant date fair value (in dollars per share)		$ 109.11	$ 82.01	$ 54.74

Stock-based Compensation - Summary of Weighted Average Assumptions (Details) - Stock options - Employee	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term structure of risk-free interest rate, minimum	0.07%	0.04%	0.10%
Term structure of risk-free interest rate, maximum	2.99%	1.67%	1.79%
Expected life	6 years 10 months 24 days	7 years 1 month 6 days	7 years 2 months 12 days
Term structure of volatility, minimum	24.00%	26.00%	25.00%
Term structure of volatility, maximum	25.00%	27.00%	25.00%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Dividend Rate	0.86%	0.12%	1.09%

Stock-based Compensation - Summary of Restricted Stock Award Activity (Details) $ / shares in Units, $ in Millions		12 Months Ended
	Jan. 18, 2022 shares	Aug. 31, 2022 USD ($) $ / shares shares	Aug. 31, 2021 $ / shares shares	Aug. 31, 2020 $ / shares shares
Weighted Average Grant Date Fair Value Per Award
Number of share equivalents (in shares)		2.5
Unamortized stock-based compensation \| $		$ 109.3
Remaining vesting period		3 years
RSUs and PSUs
Number Outstanding
Balance (in shares)		197,000	146,000	124,000
Vested (in shares)		(40,000)
Forfeited (in shares)		(29,000)	(13,000)	(19,000)
Balance (in shares)		233,408	197,000	146,000
Weighted Average Grant Date Fair Value Per Award
Balance (in dollars per share) \| $ / shares		$ 274.10	$ 231.55	$ 205.47
Vested (in dollars per share) \| $ / shares		242.87
Forfeited (in dollars per share) \| $ / shares		323.16	267.23	198.53
Balance (in dollars per share) \| $ / shares		$ 338.87	$ 274.10	$ 231.55
Unamortized stock-based compensation \| $		$ 49.2
Remaining vesting period		2 years 9 months 18 days
RSUs
Number Outstanding
Granted (in shares)		(71,978)	(62,960)	(36,709)
PSUs
Number Outstanding
Granted (in shares)		(30,704)	(36,424)	(36,888)
Employee \| RSUs and PSUs
Number Outstanding
Granted (in shares)		(102,682)	(99,000)	(74,000)
Vested (in shares)			(35,000)	(33,000)
Weighted Average Grant Date Fair Value Per Award
Granted (in dollars per share) \| $ / shares		$ 418.16	$ 312.86	$ 252.17
Vested (in dollars per share) \| $ / shares			$ 208.67	$ 197.37
Employee \| RSUs
Number Outstanding
Granted (in shares)		(180,000)	(157,000)	(93,000)
Employee \| PSUs
Number Outstanding
Granted (in shares)		(77,000)	(91,000)	(91,000)
Non-employee directors \| RSUs and PSUs
Number Outstanding
Granted (in shares)		(2,000)
Weighted Average Grant Date Fair Value Per Award
Granted (in dollars per share) \| $ / shares		$ 425.29
Non-employee directors \| RSUs
Number Outstanding
Granted (in shares)	(1,629)	(4,000)	0	0
Non-employee directors \| PSUs
Number Outstanding
Granted (in shares)		0	0	0

Stock-based Compensation - Summary of Share-based Awards Available for Grant (Details)		12 Months Ended
	Jan. 18, 2022 shares	Aug. 31, 2022 shares	Aug. 31, 2021 shares	Aug. 31, 2020 shares
Share-based Awards Available for Grant
Number of share equivalents (in shares)		2.5
Employee
Share-based Awards Available for Grant
Balance (in shares)		5,080,000	5,626,000	6,067,000
Granted (in shares)		(348,000)	(418,000)	(424,000)
Balance (in shares)		4,669,000	5,080,000	5,626,000
Non-employee directors
Share-based Awards Available for Grant
Balance (in shares)		238,000	250,000	264,000
Granted (in shares)		(6,000)	(12,000)	(16,000)
Balance (in shares)		232,000	238,000	250,000
RSUs
Share-based Awards Available for Grant
Granted (in shares)		(71,978)	(62,960)	(36,709)
RSUs \| Employee
Share-based Awards Available for Grant
Granted (in shares)		(180,000)	(157,000)	(93,000)
RSUs \| Non-employee directors
Share-based Awards Available for Grant
Granted (in shares)	(1,629)	(4,000)	0	0
PSUs
Share-based Awards Available for Grant
Granted (in shares)		(30,704)	(36,424)	(36,888)
PSUs \| Employee
Share-based Awards Available for Grant
Granted (in shares)		(77,000)	(91,000)	(91,000)
PSUs \| Non-employee directors
Share-based Awards Available for Grant
Granted (in shares)		0	0	0
Share-based awards \| Employee
Share-based Awards Available for Grant
Forfeited (in shares)		194,000	120,000	167,000
Share-based awards \| Non-employee directors
Share-based Awards Available for Grant
Forfeited (in shares)		4,000	0	2,000
RSUs and PSUs \| Employee
Share-based Awards Available for Grant
Granted (in shares)		(102,682)	(99,000)	(74,000)
RSUs and PSUs \| Non-employee directors
Share-based Awards Available for Grant
Granted (in shares)		(2,000)

Employee Benefit Plans (Details) - USD ($) $ in Millions	12 Months Ended
Employee Benefit Plans (Details) - USD ($) $ in Millions	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020
Retirement Benefits [Abstract]
Participant contribution (up to) (as a percent)	60.00%
Company match (up to) (as a percent)	4.00%
Graduated vesting schedule (term)	5 years
Company contributions	$ 12.0	$ 11.6	$ 11.3

Segment Information - Narrative (Details)	12 Months Ended
Segment Information - Narrative (Details)	Aug. 31, 2022 segment
Segment Reporting [Abstract]
Number of reportable segments	3
Number of operating segments	3

Segment Information - Results of Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 1,843,892	$ 1,591,445	$ 1,494,111
Operating income	475,482	474,041	439,660
Depreciation and amortization	86,683	64,476	57,614
Stock-based compensation	56,003	45,065	36,579
Capital expenditures	51,156	61,325	77,642
Impairment charge	64,272	0	16,500
Impairment charge, lease ROU assets and Property, equipment and leasehold improvements	62,200
Amortization expense	62,400	31,500	25,400
CUSIP Global Services
Revenues from External Customers and Long-Lived Assets [Line Items]
Amortization expense	26,800
Americas
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	1,173,946	1,008,046	943,649
Operating income	159,140	218,180	182,037
Depreciation and amortization	64,916	39,415	36,128
Stock-based compensation	45,319	35,113	28,780
Capital expenditures	44,114	38,146	60,204
Impairment charge, lease ROU assets and Property, equipment and leasehold improvements	57,700
EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	484,279	427,700	406,498
Operating income	196,231	159,704	165,317
Depreciation and amortization	11,794	14,847	14,338
Stock-based compensation	8,271	8,401	6,576
Capital expenditures	1,427	1,424	2,079
Impairment charge, lease ROU assets and Property, equipment and leasehold improvements	4,200
Asia Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	185,667	155,699	143,964
Operating income	120,111	96,157	92,306
Depreciation and amortization	9,973	10,214	7,148
Stock-based compensation	2,413	1,551	1,223
Capital expenditures	5,615	$ 21,755	$ 15,359
Impairment charge, lease ROU assets and Property, equipment and leasehold improvements	$ 300

Segment Information - Total Assets (Details) - USD ($) $ in Thousands	Aug. 31, 2022	Aug. 31, 2021
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	$ 4,014,305	$ 2,224,940
Americas
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	3,191,313	1,144,693
EMEA
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	580,450	842,652
Asia Pacific
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	$ 242,542	$ 237,595

- Definition

Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 2: http://www.xbrl.org/2003/role/exampleRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Segment Information - Geographic Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 1,843,892	$ 1,591,445	$ 1,494,111
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	1,106,602	952,423	898,609
United Kingdom
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	215,369	190,044	179,966
Other European Countries
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	268,910	237,656	226,532
All Other Countries
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 253,011	$ 211,322	$ 189,004

- Definition

+ References

+ Details

Segment Information - Long-lived Assets by Geographic Areas (Details) - USD ($) $ in Thousands	Aug. 31, 2022	Aug. 31, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 240,301	$ 370,441
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	111,301	179,864
Philippines
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	63,879	80,320
India
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	29,440	36,902
United Kingdom
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	12,637	30,976
All Other Countries
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 23,044	$ 42,379

Schedule II - Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Year	$ 6,431	$ 7,987	$ 10,511
Charged to Expense	1,324	918	754
Write-offs, Net of Recoveries	(4,979)	(2,474)	(3,278)
Balance at End of Year	$ 2,776	$ 6,431	$ 7,987