Derivative Instruments (Tables)

9 Months Ended

May 31, 2026

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Values of Derivative Instruments

Fair Values of Derivative Instruments

(in millions)


		Asset Derivatives										Liability Derivatives
				May 31, 2026				August 31, 2025						May 31, 2026				August 31, 2025
		Balance sheet location		Fair Value				Fair Value				Balance sheet location		Fair Value				Fair Value
Derivatives designated as hedging instruments
Foreign exchange contracts		Accounts receivable, net		$	6.9			$	5.4			Accounts payable and accrued liabilities		$	0.2			$	2.9
Interest rate swap contracts		Accounts receivable, net			13.1				13.6			Accounts payable and accrued liabilities			0.1				0.7
				$	20.0			$	19.0					$	0.3			$	3.6
Derivatives not designated as hedging instruments
Foreign exchange contracts		Accounts receivable, net		$	0.5			$	—			Accounts payable and accrued liabilities		$	—			$	—

Effect of Derivative Instruments on Statements of Income

The Effect of Derivative Instruments on the Statements of Income

(in millions)

Three months ended May 31, 2026 and 2025


Derivatives in cash flow hedging relationships	Gain (loss) recognized in AOCL on derivatives three months ended May 31,							Location of gain (loss) reclassified from AOCL into income	Gain (loss) reclassified from AOCL into income three months ended May 31,
	2026				2025				2026				2025
Foreign exchange contracts	$	(0.7	)		$	(1.5	)	Revenue	$	—			$	1.5
Foreign exchange contracts		0.2				0.2		Cost of revenue		1.9				—
Interest rate swap contracts		4.8				(0.8	)	Interest and foreign exchange		1.9				2.8
	$	4.3			$	(2.1	)		$	3.8			$	4.3


Derivatives not designated as hedging instruments		Location of gain (loss) recognized in income on derivatives		Gain (loss) recognized in income on derivatives three months ended May 31,
				2026				2025
Foreign exchange contracts		Interest and foreign exchange		$	0.5			$	—

The Effect of Derivative Instruments on the Statements of Income

(in millions)

Nine months ended May 31, 2026 and 2025


Derivatives in cash flow hedging relationships		Gain (loss) recognized in AOCL on derivatives nine months ended May 31,								Location of gain (loss) reclassified from AOCL into income		Gain (loss) reclassified from AOCL into income nine months ended May 31,
		2026				2025						2026				2025
Foreign exchange contracts		$	0.9			$	1.6			Revenue		$	0.6			$	3.1
Foreign exchange contracts			8.6				—			Cost of revenue			4.0				(0.1	)
Interest rate swap contracts			7.9				11.2			Interest and foreign exchange			6.4				9.9
		$	17.4			$	12.8					$	11.0			$	12.9


Derivatives not designated as hedging instruments		Location of gain (loss) recognized in income on derivatives		Gain (loss) recognized in income on derivatives nine months ended May 31,
				2026				2025
Foreign exchange contracts		Interest and foreign exchange		$	0.5			$	(0.3	)

Effects of Cash Flow Hedges Included in Statements of Operations

The following table presents the location and amounts in the Condensed Consolidated Statements of Income in which the effects of the cash flow hedges were recorded for the three and nine months ended May 31, 2026 and 2025:


		Three months ended May 31,								Nine months ended May 31,
		2026				2025				2026				2025
Total Revenue		$	576.5			$	842.7			$	1,870.1			$	2,480.7
Gain (loss) on cash flow hedges in Revenue
Foreign exchange contracts:
Gain (loss) reclassified from AOCL		$	—			$	1.5			$	0.6			$	3.1
Amount excluded from effectiveness testing		$	0.4			$	0.8			$	1.6			$	0.2

Total Cost of revenue		$	495.4			$	691.2			$	1,616.2			$	2,017.0
Gain (loss) on cash flow hedges in Cost of revenue
Foreign exchange contracts:
Gain (loss) reclassified from AOCL		$	1.9			$	—			$	4.0			$	(0.1	)
Amount excluded from effectiveness testing		$	—			$	—			$	0.1			$	—

Total Interest and foreign exchange		$	16.5			$	13.2			$	45.7			$	58.3
Gain (loss) on cash flow hedges in Interest and foreign exchange
Interest rate swap contracts:
Gain (loss) reclassified from AOCL		$	1.9			$	2.8			$	6.4			$	9.9