v3.26.1
Goodwill and Intangible Assets
9 Months Ended
May 31, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Through multiple acquisitions, we acquired definite-lived intangible assets consisting primarily of customer relationships, developed technology and patents, distribution networks, and trademarks and trade names associated with specific products, which are amortized over their estimated useful lives. Indefinite-lived intangible assets consist of trade names that are expected to generate cash flows indefinitely.
We recorded amortization expense for definite-lived intangible assets of $23.0 million and $20.0 million during the three months ended May 31, 2026 and May 31, 2025, respectively and $70.4 million and $45.5 million during the nine months ended May 31, 2026 and May 31, 2025, respectively.
The following table summarizes the changes in the carrying amount of goodwill by segment during the periods presented (in millions):
ABLAISTotal
Balance at August 31, 2025$1,016.0 $479.5 $1,495.5 
Foreign currency translation adjustments(0.3)(0.6)(0.9)
Balance at May 31, 2026$1,015.7 $478.9 $1,494.6 
ABLAISTotal
Balance at August 31, 2024$1,015.1 $83.6 $1,098.7 
Provisional amounts from acquired businesses— 363.5 363.5 
Adjustments to provisional amounts from acquired businesses— 31.5 31.5 
Foreign currency translation adjustments(0.3)(0.8)(1.1)
Balance at May 31, 2025$1,014.8 $477.8 $1,492.6 
Further discussion of goodwill and intangible assets is included within the Significant Accounting Policies footnote of the Notes to Consolidated Financial Statements within our Form 10-K.