| Segment Reporting |
The following table presents financial information by operating segment for the periods presented (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Year Ended August 31, 2026 | | ABL | | AIS | | Corporate | | Eliminations | | Total | | Net sales | $ | 3,576.4 | | | $ | 1,106.6 | | | $ | — | | | $ | (41.2) | | | $ | 4,641.8 | | | Cost of products sold | 1,903.8 | | | 428.5 | | | — | | | (41.2) | | | 2,291.1 | | | Selling, distribution, and administrative expenses | 1,028.5 | | | 488.5 | | | 96.3 | | | — | | | 1,613.3 | | | Special charges | 20.6 | | | 3.1 | | | — | | | — | | | 23.7 | | | Operating profit | $ | 623.5 | | | $ | 186.5 | | | $ | (96.3) | | | $ | — | | | 713.7 | | | Interest expense, net | | | | | | | | | 25.6 | | | Miscellaneous expense, net | | | | | | | | | 7.4 | | | Income before income taxes | | | | | | | | | $ | 680.7 | | | Supplemental Information: | | | | | | | | | | | Depreciation and amortization | $ | 72.5 | | | $ | 81.3 | | | $ | 2.6 | | | $ | — | | | $ | 156.4 | | | Segment assets | 847.2 | | | 235.3 | | | 3,791.0 | | | — | | | 4,873.5 | | | Capital expenditures | 60.1 | | | 12.2 | | | 5.4 | | | — | | | 77.7 | | | | | | | | | | | | | Year Ended August 31, 2025 | | ABL | | AIS | | Corporate | | Eliminations | | Total | | Net sales | $ | 3,612.2 | | | $ | 764.3 | | | $ | — | | | $ | (30.9) | | | $ | 4,345.6 | | | Cost of products sold | 1,957.7 | | | 340.3 | | | — | | | (30.9) | | | 2,267.1 | | | Selling, distribution, and administrative expenses | 1,034.2 | | | 347.9 | | | 102.8 | | | — | | | 1,484.9 | | | Special charges | 29.7 | | | — | | | — | | | — | | | 29.7 | | | Operating profit | $ | 590.6 | | | $ | 76.1 | | | $ | (102.8) | | | $ | — | | | 563.9 | | | Interest expense, net | | | | | | | | | 22.0 | | | Miscellaneous expense, net | | | | | | | | | 41.7 | | | Income before income taxes | | | | | | | | | $ | 500.2 | | | Supplemental Information: | | | | | | | | | | | Depreciation and amortization | $ | 71.0 | | | $ | 59.7 | | | $ | 2.4 | | | $ | — | | | $ | 133.1 | | | Segment assets | 906.1 | | | 214.5 | | | 3,634.6 | | | — | | | 4,755.2 | | | Capital expenditures | 55.1 | | | 10.4 | | | 2.9 | | | — | | | 68.4 | | | | | | | | | | | | | Year Ended August 31, 2024 | | ABL | | AIS | | Corporate | | Eliminations | | Total | | Net sales | $ | 3,573.4 | | | $ | 291.9 | | | $ | — | | | $ | (24.3) | | | $ | 3,841.0 | | | Cost of products sold | 1,960.9 | | | 122.7 | | | — | | | (24.3) | | | 2,059.3 | | | Selling, distribution, and administrative expenses | 1,029.7 | | | 125.6 | | | 73.1 | | | — | | | 1,228.4 | | | | | | | | | | | | | Operating profit | $ | 582.8 | | | $ | 43.6 | | | $ | (73.1) | | | $ | — | | | 553.3 | | | Interest income, net | | | | | | | | | (4.5) | | | Miscellaneous expense, net | | | | | | | | | 9.2 | | | Income before income taxes | | | | | | | | | $ | 548.6 | | | Supplemental Information: | | | | | | | | | | | Depreciation and amortization | $ | 74.7 | | | $ | 15.3 | | | $ | 1.1 | | | $ | — | | | $ | 91.1 | | | Segment assets | 883.9 | | | 67.6 | | | 2,863.1 | | | — | | | 3,814.6 | | | Capital expenditures | 55.1 | | | 3.6 | | | 5.3 | | | — | | | 64.0 | |
|