| Segment Reporting |
The following table presents financial information by operating segment for the periods presented (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended May 31, 2026 | | ABL | | AIS | | Corporate | | Eliminations | | Total | | Net sales | $ | 905.2 | | | $ | 303.5 | | | $ | — | | | $ | (10.7) | | | $ | 1,198.0 | | | Cost of products sold | 481.8 | | | 120.5 | | | — | | | (10.7) | | | 591.6 | | | Selling, distribution, and administrative expenses | 262.8 | | | 126.5 | | | 23.8 | | | — | | | 413.1 | | | | | | | | | | | | | Operating profit | $ | 160.6 | | | $ | 56.5 | | | $ | (23.8) | | | $ | — | | | 193.3 | | | Interest expense, net | | | | | | | | | 6.1 | | | Miscellaneous expense, net | | | | | | | | | 2.0 | | | Income before income taxes | | | | | | | | | $ | 185.2 | | | Supplemental Information: | | | | | | | | | | | Depreciation and amortization | $ | 19.5 | | | $ | 20.5 | | | $ | 0.7 | | | $ | — | | | $ | 40.7 | | | Segment assets | 840.0 | | | 229.2 | | | 3,566.2 | | | — | | | 4,635.4 | | | Capital expenditures | 14.1 | | | 2.4 | | | 0.2 | | | — | | | 16.7 | | | | | | | | | | | | | Three Months Ended May 31, 2025 | | ABL | | AIS | | Corporate | | Eliminations | | Total | | Net sales | $ | 923.2 | | | $ | 264.1 | | | $ | — | | | $ | (8.7) | | | $ | 1,178.6 | | | Cost of products sold | 492.8 | | | 124.3 | | | — | | | (8.7) | | | 608.4 | | | Selling, distribution, and administrative expenses | 266.7 | | | 112.4 | | | 21.6 | | | — | | | 400.7 | | | Special charges | 29.7 | | | — | | | — | | | — | | | 29.7 | | | Operating profit | $ | 134.0 | | | $ | 27.4 | | | $ | (21.6) | | | $ | — | | | 139.8 | | | Interest expense, net | | | | | | | | | 12.1 | | | Miscellaneous expense, net | | | | | | | | | 2.3 | | | Income before income taxes | | | | | | | | | $ | 125.4 | | | Supplemental Information: | | | | | | | | | | | Depreciation and amortization | $ | 17.7 | | | $ | 16.3 | | | $ | 0.6 | | | $ | — | | | $ | 34.6 | | | Segment assets | 900.3 | | | 194.3 | | | 3,551.7 | | | — | | | 4,646.3 | | | Capital expenditures | 9.4 | | | 5.6 | | | — | | | — | | | 15.0 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Nine Months Ended May 31, 2026 | | ABL | | AIS | | Corporate | | Eliminations | | Total | | Net sales | $ | 2,617.7 | | | $ | 809.0 | | | $ | — | | | $ | (29.3) | | | $ | 3,397.4 | | | Cost of products sold | 1,419.9 | | | 326.2 | | | — | | | (29.3) | | | 1,716.8 | | | Selling, distribution, and administrative expenses | 757.2 | | | 361.0 | | | 69.8 | | | — | | | 1,188.0 | | | Special charges | 5.9 | | | — | | | — | | | — | | | 5.9 | | | Operating profit | $ | 434.7 | | | $ | 121.8 | | | $ | (69.8) | | | $ | — | | | 486.7 | | | Interest expense, net | | | | | | | | | 21.5 | | | Miscellaneous expense, net | | | | | | | | | 4.5 | | | Income before income taxes | | | | | | | | | $ | 460.7 | | | Supplemental Information: | | | | | | | | | | | Depreciation and amortization | $ | 54.5 | | | $ | 61.3 | | | $ | 2.0 | | | $ | — | | | $ | 117.8 | | | Segment assets | 840.0 | | | 229.2 | | | 3,566.2 | | | — | | | 4,635.4 | | | Capital expenditures | 50.2 | | | 6.6 | | | 1.7 | | | — | | | 58.5 | | | | | | | | | | | | | Nine Months Ended May 31, 2025 | | ABL | | AIS | | Corporate | | Eliminations | | Total | | Net sales | $ | 2,649.8 | | | $ | 509.1 | | | $ | — | | | $ | (22.4) | | | $ | 3,136.5 | | | Cost of products sold | 1,435.0 | | | 236.4 | | | — | | | (22.4) | | | 1,649.0 | | | Selling, distribution, and administrative expenses | 777.5 | | | 224.6 | | | 72.4 | | | — | | | 1,074.5 | | | Special charges | 29.7 | | | — | | | — | | | — | | | 29.7 | | | Operating profit | $ | 407.6 | | | $ | 48.1 | | | $ | (72.4) | | | $ | — | | | 383.3 | | | Interest expense, net | | | | | | | | | 15.0 | | | Miscellaneous expense, net | | | | | | | | | 5.8 | | | Income before income taxes | | | | | | | | | $ | 362.5 | | | Supplemental Information: | | | | | | | | | | | Depreciation and amortization | $ | 53.4 | | | $ | 31.5 | | | $ | 1.8 | | | $ | — | | | $ | 86.7 | | | Segment assets | 900.3 | | | 194.3 | | | 3,551.7 | | | — | | | 4,646.3 | | | Capital expenditures | 34.9 | | | 8.5 | | | 0.2 | | | — | | | 43.6 | |
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