Inventories

6 Months Ended

Feb. 24, 2024

Inventory Disclosure [Abstract]

Inventories

Inventories

Inventories consist of the following:

(in millions)	February 24, 2024		August 26, 2023
Finished goods	$	56.8	$	53.0
Work-in-process	142.3		159.9
Raw materials	314.7		305.6
Total	513.8		518.5
Less: Excess of First-in, first-out ("FIFO") over LIFO cost	48.0		47.9
Inventories, net	$	465.8	$	470.6

Inventory valuation methods consist of the following:

(in millions)	February 24, 2024		August 26, 2023
LIFO basis	$	278.4	$	262.6
FIFO basis	235.4		255.9
Total	$	513.8	$	518.5

The above inventory value, before reduction for the LIFO reserve, approximates replacement cost at the respective dates.