v3.26.3
Significant Accounting Policies (Tables)
 12 Months Ended
Aug. 31, 2026
Accounting Policies [Abstract]  
Schedule of Inventory
Inventories include materials, direct labor, inbound freight, customs, duties, tariffs, and related manufacturing overhead. Inventories are stated on a first-in, first-out basis at the lower of cost and net realizable value and consist of the following as of the dates presented (in millions):
August 31,
20262025
Raw materials, supplies, and work in process(1)
$253.8 $246.8 
Finished goods227.5 306.7 
Inventories excluding reserves481.3 553.5 
Less: Reserves(30.9)(26.8)
Total inventories$450.4 $526.7 
_______________________________________
(1)    Due to the immaterial amount of estimated work in process and the short lead times for the conversion of raw materials to finished goods, we do not believe the segregation of raw materials and work in process is meaningful information.
Schedule of Inventory Reserve The following table summarizes the changes in our inventory reserves for the periods presented (in millions):
Year Ended August 31,
202620252024
Beginning balance$26.8 $25.6 $25.8 
Additions to reserve17.4 11.9 10.9 
Disposals of reserved inventory(13.1)(10.4)(11.0)
Foreign currency translation adjustments(0.2)(0.3)(0.1)
Ending balance$30.9 $26.8 $25.6 
Goodwill
The changes in the carrying amount of goodwill during the periods presented by segment are summarized as follows (in millions):
ABLAISTotal
Balance as of August 31, 2024$1,015.1 $83.6 $1,098.7 
Additions from acquired businesses— 394.6 394.6 
Foreign currency translation adjustments0.9 1.3 2.2 
Balance as of August 31, 20251,016.0 479.5 1,495.5 
Foreign currency translation adjustments(1.1)(0.9)(2.0)
Balance as of August 31, 2026$1,014.9 $478.6 $1,493.5 
Schedule of Acquired Finite-Lived Intangible Assets Summarized information for our intangible assets is as follows as of the dates presented (in millions):
August 31,
20262025
Gross Carrying
Amount		Accumulated
Amortization		Gross Carrying
Amount		Accumulated
Amortization
Definite-lived intangible assets:
Developed technology and patents$618.8 $(237.7)$616.7 $(170.5)
Trademarks and trade names169.1 (27.6)176.9 (29.0)
Distribution networks61.8 (55.7)61.8 (53.7)
Customer relationships565.0 (224.8)571.1 (206.9)
Total definite-lived intangible assets$1,414.7 $(545.8)$1,426.5 $(460.1)
Indefinite-lived trade names$132.6 $132.6 
Schedule of Acquired Indefinite-Lived Intangible Assets Summarized information for our intangible assets is as follows as of the dates presented (in millions):
August 31,
20262025
Gross Carrying
Amount		Accumulated
Amortization		Gross Carrying
Amount		Accumulated
Amortization
Definite-lived intangible assets:
Developed technology and patents$618.8 $(237.7)$616.7 $(170.5)
Trademarks and trade names169.1 (27.6)176.9 (29.0)
Distribution networks61.8 (55.7)61.8 (53.7)
Customer relationships565.0 (224.8)571.1 (206.9)
Total definite-lived intangible assets$1,414.7 $(545.8)$1,426.5 $(460.1)
Indefinite-lived trade names$132.6 $132.6 
Intangible Asset, Finite-Lived, Amortization Expense
The following table summarizes the expected amortization expense for the next five fiscal years as of the date presented (in millions):
Fiscal YearAugust 31, 2026
2027$90.1 
202885.5 
202984.6 
203081.7 
203181.7 
Schedule of Other Current Liabilities
Other current liabilities consist of the following as of the dates presented (in millions):
August 31,
20262025
Customer incentive programs(1)
$49.7 $46.5 
Refunds to customers(1)
27.1 31.7 
Current deferred revenues(1)
25.7 21.4 
Sales commissions34.1 30.8 
Freight costs22.1 13.3 
Product warranty costs(2)
27.2 29.4 
Tax-related items(3)
37.8 25.3 
Interest on borrowings(4)
2.8 3.8 
Other49.9 55.8 
Total other current liabilities$276.4 $258.0 
____________________________________
(1)Refer to the Revenue Recognition footnote of the Notes to Consolidated Financial Statements for additional information.
(2)Refer to the Commitments and Contingencies footnote of the Notes to Consolidated Financial Statements for additional information.
(3)Includes accruals for income, property, sales and use, and value added taxes.
(4)Refer to the Debt and Lines of Credit footnote of the Notes to Consolidated Financial Statements for additional information.
Schedule of Other Long-Term Liabilities
Other long-term liabilities consist of the following as of the dates presented (in millions):
August 31,
20262025
Deferred compensation and postretirement benefits other than pensions(1)
$55.8 $51.6 
Deferred revenues(2)
30.6 38.0 
Unrecognized tax position liabilities, including interest(3)
21.0 20.9 
Product warranty costs(4)
10.6 14.7 
Other16.0 14.1 
Total other long-term liabilities$134.0 $139.3 
____________________________________
(1)We maintain several non-qualified retirement plans for the benefit of eligible employees, primarily deferred compensation plans. The deferred compensation plans provide for elective deferrals of an eligible employee’s compensation and, in some cases, matching contributions by the organization. We maintain life insurance policies on certain former officers and other key employees as a means of satisfying a portion of these obligations.
(2)Refer to the Revenue Recognition footnote of the Notes to Consolidated Financial Statements for additional information.
(3)Refer to the Income Taxes footnote of the Notes to Consolidated Financial Statements for additional information.
(4)Refer to the Commitments and Contingencies footnote of the Notes to Consolidated Financial Statements for additional information.
Schedule of Property, Plant and Equipment The balance of property, plant, and equipment consists of the following as of the dates presented (in millions):
August 31,
20262025
Land$22.6 $22.2 
Buildings and leasehold improvements248.3 235.3 
Machinery, equipment, and information technology895.2 839.4 
Total property, plant, and equipment, at cost1,166.1 1,096.9 
Less: Accumulated depreciation and amortization(809.3)(753.7)
Property, plant, and equipment, net$356.8 $343.2 
Schedule of Other Expense
The following table summarizes the components of Other expense during the periods presented (in millions):
Year Ended August 31,
202620252024
Interest expense (income), net:
Interest expense(1)
$35.9 $42.5 $25.3 
Interest income(2)
(10.3)(20.5)(29.8)
Interest expense (income), net25.6 22.0 (4.5)
Miscellaneous expense, net:
Non-service components of net periodic pension cost(3)
3.7 34.9 4.5 
Foreign currency transaction losses3.2 1.1 5.3 
Other items0.5 5.7 (0.6)
Miscellaneous expense, net7.4 41.7 9.2 
Other expense$33.0 $63.7 $4.7 
____________________________________
(1)Consists primarily of interest expense on long-term debt, line of credit borrowings, and loans that are secured by and presented net of company-owned life insurance policies on our Consolidated Balance Sheets.
(2)Certain cash and cash equivalents are held in interest-bearing accounts.
(3)We recorded a settlement loss charge due to pension de-risking activities in fiscal 2025. Refer to the Pension and Defined Contribution Plans footnote of the Notes to Consolidated Financial Statements for further details.
Schedule of Accumulated Other Comprehensive Loss
The following table presents the changes in each component of accumulated other comprehensive loss net of tax during the periods presented (in millions):
 Foreign Currency Items Defined Benefit Pension Plans Accumulated Other Comprehensive Loss Items
Balance as of August 31, 2024$(70.9)$(44.0)$(114.9)
Other comprehensive income before reclassifications10.8 2.1 12.9 
Amounts reclassified from accumulated other comprehensive loss(1)
— 25.5 25.5 
Net current period other comprehensive income10.8 27.6 38.4 
Balance as of August 31, 2025(60.1)(16.4)(76.5)
Other comprehensive income before reclassifications2.4 0.2 2.6 
Amounts reclassified from accumulated other comprehensive loss(1)
— 1.1 1.1 
Net current period other comprehensive income2.4 1.3 3.7 
Balance as of August 31, 2026$(57.7)$(15.1)$(72.8)
_______________________________________
(1)The before tax amounts of the defined benefit pension plan items are included in net periodic pension cost. See the Pension and Defined Contribution Plans footnote for additional details.
Schedule of Comprehensive Income (Loss)
The following table presents the tax expense or benefit allocated to each component of other comprehensive income (loss) during the periods presented (in millions):
Year Ended August 31,
202620252024
 Before Tax Amount Tax (Expense) or Benefit Net of Tax Amount Before Tax Amount Tax (Expense) or Benefit Net of Tax Amount Before Tax Amount Tax (Expense) or Benefit Net of Tax Amount
Foreign currency translation adjustments$2.4 $— $2.4 $10.8 $— $10.8 $(5.9)$— $(5.9)
Defined benefit pension plans:
Actuarial amounts0.2 — 0.2 2.8 (0.7)2.1 1.4 (0.4)1.0 
Amortization of defined benefit pension items:
Prior service cost— — — 0.1 — 0.1 0.1 — 0.1 
Actuarial losses1.5 (0.4)1.1 2.6 (0.7)1.9 3.3 (0.8)2.5 
Settlement losses— — — 30.9 (7.4)23.5 — — — 
Total defined benefit plans, net1.7 (0.4)1.3 36.4 (8.8)27.6 4.8 (1.2)3.6 
Other comprehensive income (loss)$4.1 $(0.4)$3.7 $47.2 $(8.8)$38.4 $(1.1)$(1.2)$(2.3)