v3.26.3
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Aug. 31, 2026
Accounting Policies [Abstract]  
Allowance for Credit Losses

Accounts receivable - Accounts receivable consists of receivables from customers and receivables from related parties (see Note 14 - Related Party Transactions to the Consolidated Financial Statements) and is stated net of allowance for credit losses of $2.8 million and $6.5 million as of August 31, 2026 and 2025, respectively.

 

 

 

Year Ended August 31,

 

(In millions)

 

2026

 

 

2025

 

 

2024

 

Allowance for credit losses

 

 

 

 

 

 

 

 

 

Balance at beginning of period

 

$

6.5

 

 

$

3.6

 

 

$

2.8

 

Additions, net of reversals

 

 

(3.4

)

 

 

4.6

 

 

 

0.8

 

Usage

 

 

(0.3

)

 

 

(1.8

)

 

 

(0.1

)

Currency translation effect

 

 

—

 

 

 

0.1

 

 

 

0.1

 

Balance at end of period

 

$

2.8

 

 

$

6.5

 

 

$

3.6

 

 

 

 

 

 

 

 

 

 

 

 
Estimated Useful Lives Depreciation is provided on the straight-line method over estimated useful lives which primarily are as follows:

 

 

 

Depreciable Life

Buildings and improvements

 

15 - 25 years

Machinery and equipment

 

3 - 15 years

Other

 

3 - 10 years
Components of Accumulated Other Comprehensive Loss, Net of Tax

Accumulated other comprehensive loss – Accumulated other comprehensive loss (AOCL), net of tax as appropriate, consisted of the following:

 

(In millions)

 

Unrealized Gain (Loss) on Derivative Financial Instruments

 

 

Foreign Currency Translation Adjustment

 

 

Other

 

 

AOCL

 

Balance, August 31, 2023

 

$

27.0

 

 

$

(32.1

)

 

$

(2.2

)

 

$

(7.3

)

Other comprehensive income (loss) before reclassifications

 

 

2.9

 

 

 

(14.9

)

 

 

—

 

 

 

(12.0

)

Amounts reclassified from AOCL

 

 

(14.7

)

 

 

—

 

 

 

—

 

 

 

(14.7

)

Balance, August 31, 2024

 

$

15.2

 

 

$

(47.0

)

 

$

(2.2

)

 

$

(34.0

)

Other comprehensive income (loss) before reclassifications

 

 

7.3

 

 

 

9.6

 

 

 

(0.6

)

 

 

16.3

 

Amounts reclassified from AOCL

 

 

(13.5

)

 

 

—

 

 

 

—

 

 

 

(13.5

)

Balance, August 31, 2025

 

$

9.0

 

 

$

(37.4

)

 

$

(2.8

)

 

$

(31.2

)

Other comprehensive income (loss) before reclassifications

 

 

15.8

 

 

 

6.8

 

 

 

(0.7

)

 

 

21.9

 

Amounts reclassified from AOCL

 

 

(11.8

)

 

 

—

 

 

 

—

 

 

 

(11.8

)

Balance, August 31, 2026

 

$

13.0

 

 

$

(30.6

)

 

$

(3.5

)

 

$

(21.1

)

 

 

 

 

 

 

 

 

 

 

 

 

 
Interest and Foreign Exchange

Interest and foreign exchange - Interest includes amortization of debt issuance costs and external interest expense. Foreign exchange gains and losses include the effects of remeasuring monetary assets and liabilities denominated in a currency other than the functional currency of the respective subsidiary.

 

 

 

For the Year Ended August 31,

 

(In millions)

 

2026

 

 

2025

 

 

2024

 

Interest and foreign exchange:

 

 

 

 

 

 

 

 

 

Interest and other expense, net

 

$

70.9

 

 

$

79.3

 

 

$

93.9

 

Foreign exchange (gain) loss, net

 

 

(5.9

)

 

 

(3.6

)

 

 

6.9

 

 

 

$

65.0

 

 

$

75.7

 

 

$

100.8