v3.26.3
Pension and Defined Contribution Plans (Tables)
 12 Months Ended
Aug. 31, 2026
Retirement Benefits [Abstract]  
Schedule of Domestic and International Pension Plans
The following tables reflect the status of our domestic (U.S. based) and international pension plans as of the dates presented (in millions):
Domestic PlansInternational Plans
August 31,August 31,
2026202520262025
Change in benefit obligation:
Benefit obligation at beginning of year$56.7 $163.8 $31.9 $34.0 
Service cost3.2 4.6 1.0 0.8 
Interest cost2.9 7.8 2.1 1.9 
Actuarial (gains) losses(4.7)(12.1)0.5 (2.2)
Settlements— (95.2)— (1.4)
Benefits paid(3.8)(12.2)(2.7)(2.4)
Foreign currency and other— — 0.9 1.2 
Benefit obligation at end of year54.3 56.7 33.7 31.9 
Change in plan assets:
Fair value of plan assets at beginning of year26.4 134.5 28.9 34.6 
Actual loss on plan assets(0.7)(1.6)(0.5)(3.2)
Employer contributions3.4 0.9 — 1.0 
Benefits paid(3.8)(12.2)(1.5)(1.6)
Settlements— (95.2)— (2.6)
Foreign currency and other— — 0.1 0.7 
Fair value of plan assets at end of year25.3 26.4 27.0 28.9 
Funded status at the end of year$(29.0)$(30.3)$(6.7)$(3.0)
Amounts recognized in the consolidated balance sheets consist of:
Non-current assets$5.8 $5.4 $2.6 $4.3 
Current liabilities(3.4)(3.4)(0.4)(0.4)
Non-current liabilities(31.4)(32.3)(8.9)(6.9)
Net amount recognized in consolidated balance sheets$(29.0)$(30.3)$(6.7)$(3.0)
Accumulated benefit obligation$53.4 $55.6 $30.3 $29.0 
Pre-tax amounts in accumulated other comprehensive loss:
Prior service cost$— $— $(0.1)$(0.2)
Net actuarial loss(2.0)(4.8)14.0 12.4 
Amounts in accumulated other comprehensive loss
$(2.0)$(4.8)$13.9 $12.2 
Pensions plans in which benefit obligation exceeds plan assets:
Projected benefit obligation$34.8 $35.7 $9.3 $7.3 
Accumulated benefit obligation33.9 34.6 5.9 4.4 
Pensions plans in which plan assets exceed benefit obligation:
Projected benefit obligation$19.5 $21.0 $24.4 $24.6 
Accumulated benefit obligation19.5 21.0 24.4 24.6 
Plan assets25.3 26.4 27.0 28.9 
Schedule of Net Periodic Pension Cost
Net periodic pension cost during the periods presented included the following components before tax (in millions):
Domestic PlansInternational Plans
202620252024202620252024
Service cost$3.2 $4.6 $3.6 $1.0 $0.8 $0.9 
Interest cost2.9 7.8 7.8 2.1 1.9 2.0 
Expected return on plan assets(1.3)(6.7)(6.7)(1.5)(1.7)(2.0)
Amortization of prior service cost— — 0.1 — 0.1 — 
Recognized actuarial loss0.2 1.6 1.7 1.3 1.0 1.6 
Settlement loss (gain)— 33.2 — — (2.3)— 
Net periodic pension cost$5.0 $40.5 $6.5 $2.9 $(0.2)$2.5 
Schedule of Weighted Average Assumptions Used
Weighted average assumptions used in computing the benefit obligation are as follows:
Domestic PlansInternational Plans
2026202520262025
Discount rate5.8 %5.3 %7.4 %6.9 %
Rate of compensation increase5.0 %5.0 %4.5 %4.5 %
Weighted average assumptions used in computing net periodic pension cost are as follows:
Domestic PlansInternational Plans
202620252024202620252024
Discount rate5.3 %4.9 %5.1 %6.9 %5.9 %5.9 %
Expected return on plan assets5.5 %5.3 %5.3 %6.0 %5.4 %4.7 %
Rate of compensation increase5.0 %5.0 %5.0 %4.5 %3.4 %3.5 %
Schedule of Pension Plan Asset Allocation
Our pension plan asset allocation by asset category as of the dates presented is as follows:
% of Plan Assets
Domestic PlansInternational Plans
2026202520262025
Equity securities5.1 %14.0 %— %— %
Fixed income securities80.7 %71.6 %1.5 %0.4 %
Multi-strategy investments— %— %— %— %
Real estate14.2 %14.4 %— %— %
Guaranteed insurance policy— %— %98.5 %99.6 %
Total100.0 %100.0 %100.0 %100.0 %
The following tables present the fair value of the domestic pension plan assets by major category as of the dates presented (in millions):
Fair Value
as of		Fair Value Measurements
August 31, 2026Level 1Level 2Level 3
Assets included in the fair value hierarchy:
Fixed-income investments$10.4 $— $10.4 $— 
U.S. Treasury investments9.7 — 9.7 — 
Mutual funds1.2 1.2 — — 
Collective trust: Domestic small cap equities0.1 — 0.1 — 
Short-term fixed income investments0.3 0.3 — — 
Total assets in the fair value hierarchy21.7 
Assets calculated at net asset value:
Real estate fund3.6 
Total assets at net asset value3.6 
Total assets at fair value$25.3 
Fair Value
as of		Fair Value Measurements
August 31, 2025Level 1Level 2Level 3
Assets included in the fair value hierarchy:
Fixed-income investments$10.9 $— $10.9 $— 
US Treasury investments5.2 — 5.2 — 
Mutual funds3.1 3.1 — — 
Collective trust: Domestic small cap equities0.6 — 0.6 — 
Short-term fixed income investments2.8 2.8 — — 
Total assets in the fair value hierarchy22.6 
Assets calculated at net asset value:
Real estate fund3.8 
Total assets at net asset value3.8 
Total assets at fair value$26.4 
The following tables present the fair value of the international pension plan assets by major category as of the dates presented (in millions):
Fair Value
as of		Fair Value Measurements
August 31, 2026Level 1Level 2Level 3
Short-term fixed income investments$0.4 $0.4 $— $— 
Insurance policy26.6 — — 26.6 
Total assets at fair value$27.0 
Fair Value
as of		Fair Value Measurements
August 31, 2025Level 1Level 2Level 3
Short-term fixed income investments$0.1 $0.1 $— $— 
Insurance policy28.8 — — 28.8 
Total assets at fair value$28.9 
Schedule of Reconciliation Fair Value Measurements
The following table presents a reconciliation of the beginning and ending balances of the fair value measurements using significant unobservable inputs (Level 3) (in millions):
Year Ended August 31,
20262025
Beginning balance$28.8 $— 
Purchases— 32.0 
Unrealized loss(2.2)(3.2)
Ending balance$26.6 $28.8 
Schedule of Expected Benefit Payments
Benefit payments, including payments from funded benefit plan trusts, are expected to be paid as follows during the years ending August 31 (in millions):
Domestic PlansInternational Plans
2027$4.0 $2.1 
20286.8 2.2 
20295.9 2.4 
20304.7 2.6 
20314.8 2.8 
2032-203624.6 18.5