v3.26.3
Fair Value of Financial Instruments
12 Months Ended
Aug. 31, 2026
Fair Value Of Financial Instruments [Abstract]  
Fair Value of Financial Instruments

Note 21 – Fair Value of Financial Instruments

The estimated fair values of financial instruments and the methods and assumptions used to estimate such fair values are as follows:

(In millions)

 

Carrying
Amount
1

 

 

Estimated
Fair Value
(Level 2)

 

Debt as of August 31, 2026

 

$

1,690.3

 

 

$

1,721.9

 

Debt as of August 31, 2025

 

$

1,388.2

 

 

$

1,416.0

 

 

1 Carrying amount disclosed in this table excludes credit facility balances, other notes payable, debt discount and debt issuance costs.

The carrying amount of cash and cash equivalents, accounts receivable and accounts payable and accrued liabilities is a reasonable estimate of fair value of these financial instruments. Estimated rates currently available to the Company for debt with similar terms and remaining maturities and current market data are used to estimate the fair value.