New Accounting Pronouncements |
12 Months Ended |
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Aug. 31, 2026 | |
| Accounting Standards Update and Change in Accounting Principle [Abstract] | |
| New Accounting Pronouncements | Note 2 – New Accounting Pronouncements
Recent Accounting Guidance Adopted
In December 2023, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which requires entities to disclose more detailed information in the reconciliation of their statutory tax rate to their effective tax rate as well as increased disclosures regarding income taxes paid by jurisdiction. The Company has adopted this guidance prospectively for the fiscal year ending August 31, 2026. See Note 6 – Income Taxes for the required disclosures related to this update.
Recent Accounting Guidance Not Yet Adopted
In November 2024, the FASB issued ASU No. 2024-03, Disaggregation of Income Statement Expenses (DISE), which requires additional disclosure of the nature of expenses included in the income statement in response to longstanding requests from investors for more information about an entity’s expenses. The Company will adopt this ASU as part of its fiscal 2028 Annual Report on Form 10-K and does not expect any impact on its results of operations, as the changes primarily relate to enhanced disclosures.
In September 2025, the FASB issued ASU No. 2025-06, Targeted Improvements to the Accounting for Internal-Use Software, which amends certain aspects of the accounting for and disclosure of software costs. The Company will adopt this ASU prospectively as part of its fiscal 2029 Annual Report on Form 10-K. The Company is currently evaluating the impact of this standard on the Consolidated Financial Statements and related disclosures.
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