v3.25.2
Fair Value Measurements (Tables)
9 Months Ended
May 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Carrying Value and Estimated Fair Value of Financial Instruments
The following table summarizes balances and the fair value hierarchy level of our financial instruments recorded at fair value on a recurring basis as of the dates presented (in millions):
May 31, 2025August 31, 2024
Level 1Level 2Level 3TotalLevel 1Level 2Level 3Total
Cash and cash equivalents$371.8 $— $— $371.8 $845.8 $— $— $845.8 
Assets in fair value hierarchy 371.8 — — 371.8 845.8 — — 845.8 
Other investments(1)
5.1 6.7 
Total assets at fair value$371.8 $— $— $376.9 $845.8 $— $— $852.5 
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(1) Includes strategic investments in privately-held entities over which we do not exercise significant influence or control and without readily determinable fair values. Amounts are recorded at cost less any impairment adjusted for observable price changes, if any.
Schedule of Fair Value Measurements, Nonrecurring
The following table summarizes information related to our nonrecurring fair value measurements as of the dates presented (in millions):
Measurement DateFair Value Hierarchy LevelFair Value
Long-lived intangible assetsMay 31, 2025Level 3$— 
Assets held for sale
May 31, 2025Level 35.5 
Total assets at nonrecurring fair value$5.5