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Pension and Profit Sharing Plans (Tables)
12 Months Ended
Aug. 31, 2012
Compensation and Retirement Disclosure [Abstract]  
Schedule of Domestic and International Pension Plans
The following tables reflect the status of the Company’s domestic (U.S.-based) and international pension plans at August 31, 2012 and 2011:
 
Domestic Plans
 
International Plans
 
August 31,
 
August 31,
 
2012
 
2011
 
2012
 
2011
Change in Benefit Obligation:
 

 
 

 
 

 
 

Benefit obligation at beginning of year
$
136.3

 
$
134.6

 
$
35.8

 
$
35.1

Service cost
2.7

 
3.1

 
0.1

 
0.1

Interest cost
6.6

 
6.5

 
1.9

 
1.8

Actuarial loss (gain)
29.1

 
(1.6
)
 
11.1

 
(2.4
)
Curtailment
0.1

 

 

 

Plan Settlements

 

 

 
(0.1
)
Benefits paid
(6.7
)
 
(6.3
)
 
(1.1
)
 
(0.7
)
Other

 

 
(0.9
)
 
2.0

Benefit obligation at end of year
168.1

 
136.3

 
46.9

 
35.8

Change in Plan Assets:
 

 
 

 
 

 
 

Fair value of plan assets at beginning of year
$
83.9

 
$
75.7

 
$
26.5

 
$
21.8

Actual return on plan assets
7.9

 
8.7

 
2.3

 
1.4

Employer contributions
10.5

 
5.8

 
1.0

 
2.7

Benefits paid
(6.7
)
 
(6.3
)
 
(1.1
)
 
(0.7
)
Other

 

 
(0.6
)
 
1.3

Fair value of plan assets at end of year
95.6

 
83.9

 
28.1

 
26.5

Funded status at end of year:
 

 
 

 
 

 
 

Funded Status
$
(72.5
)
 
$
(52.4
)
 
$
(18.8
)
 
$
(9.3
)
Net amount recognized in Consolidated Balance Sheets
$
(72.5
)
 
$
(52.4
)
 
$
(18.8
)
 
$
(9.3
)
Amounts Recognized in the Consolidated Balance Sheets Consist of:
 

 
 

 
 

 
 

Current liabilities
$
(1.2
)
 
$
(1.2
)
 
$

 
$

Non-current liabilities
(71.3
)
 
(51.2
)
 
(18.8
)
 
(9.3
)
Net amount recognized in Consolidated Balance Sheets
$
(72.5
)
 
$
(52.4
)
 
$
(18.8
)
 
$
(9.3
)
Accumulated Benefit Obligation
$
168.0

 
$
136.2

 
$
46.9

 
$
35.7

Amounts in accumulated other comprehensive income:
 

 
 

 
 

 
 

Prior service cost
$
(0.6
)
 
$
(0.7
)
 
$

 
$

Net actuarial loss
(80.4
)
 
(55.8
)
 
(22.8
)
 
(13.4
)
Amounts in accumulated other comprehensive income
$
(81.0
)
 
$
(56.5
)
 
$
(22.8
)
 
$
(13.4
)
Estimated amounts that will be amortized from accumulated comprehensive income over the next fiscal year:
 

 
 

 
 

 
 

Prior service cost
$
0.1

 
$
0.1

 
$

 
$

Net actuarial loss
4.6

 
3.2

 
1.8

 
0.9

Schedule of Net Periodic Pension Cost
Components of net periodic pension cost for the fiscal years ended August 31, 2012, 2011, and 2010 included the following:
 
Domestic Plans
 
International Plans
 
2012
 
2011
 
2010
 
2012
 
2011
 
2010
Service cost
$
2.7

 
$
3.1

 
$
2.7

 
$
0.1

 
$
0.1

 
$
0.1

Interest cost
6.6

 
6.5

 
6.8

 
1.9

 
1.8

 
1.7

Expected return on plan assets
(6.5
)
 
(5.9
)
 
(5.9
)
 
(1.7
)
 
(1.6
)
 
(1.5
)
Amortization of prior service cost
0.1

 
0.1

 
0.1

 

 

 

Curtailment
0.1

 

 
0.2

 

 

 
0.1

Recognized actuarial loss
3.2

 
3.7

 
2.7

 
0.9

 
1.1

 
0.8

Net periodic pension cost
$
6.2

 
$
7.5

 
$
6.6

 
$
1.2

 
$
1.4

 
$
1.2

Schedule of Weighted Average Assumptions Used

Weighted average assumptions used in computing the benefit obligation are as follows:
 
Domestic Plans
 
International Plans
 
2012
 
2011
 
2012
 
2011
Discount rate
3.8
%
 
5.0
%
 
3.7
%
 
5.6
%
Rate of compensation increase
5.5
%
 
5.5
%
 
2.5
%
 
3.4
%
Weighted average assumptions used in computing net periodic benefit cost are as follows:
 
Domestic Plans
 
International Plans
 
2012
 
2011
 
2010
 
2012
 
2011
 
2010
Discount rate
5.0
%
 
5.0
%
 
6.0
%
 
5.6
%
 
4.9
%
 
5.6
%
Expected return on plan assets
7.5
%
 
7.8
%
 
8.0
%
 
5.5
%
 
6.6
%
 
6.8
%
Rate of compensation increase
5.5
%
 
5.5
%
 
5.5
%
 
3.4
%
 
3.1
%
 
4.5
%
Schedule of Pension Plan Asset Allocation
The following tables present the fair value of the domestic pension plan assets by major category as of August 31, 2012 and 2011:
 
 
 
Fair Value Measurements
 
Fair Value
as of
 
Quoted Market
Prices in Active
Markets for
Identical Assets
 
Significant
Other
Observable
Inputs
 
Significant
Unobservable
Inputs
Assets
August 31, 2012
 
(Level 1)
 
(Level 2)
 
(Level 3)
Mutual Funds:
 

 
 

 
 

 
 

US equity securities
$
35.6

 
$
35.6

 
$

 
$

International equity securities
9.2

 
9.2

 

 

Equity Securities
10.0

 
10.0

 

 

Real Estate Fund
4.7

 

 

 
4.7

Short-Term Investments
5.3

 
5.3

 

 

Fixed-Income Investments
30.8

 

 
30.8

 

 
$
95.6

 
 

 
 

 
 

 
 
 
Fair Value Measurements
 
Fair Value
as of
 
Quoted Market
Prices in Active
Markets for
Identical Assets
 
Significant
Other
Observable
Inputs
 
Significant
Unobservable
Inputs
Assets
August 31, 2011
 
(Level 1)
 
(Level 2)
 
(Level 3)
Mutual Funds:
 

 
 

 
 

 
 

US equity securities
$
30.1

 
$
30.1

 
$

 
$

International equity securities
9.1

 
9.1

 

 

Equity Securities
9.2

 
9.2

 

 

Real Estate Fund
4.2

 

 

 
4.2

Short-Term Investments
2.5

 
2.5

 

 

Fixed-Income Investments
28.8

 

 
28.8

 

 
$
83.9

 
 

 
 

 
 

The following tables present the fair value of the international pension plan assets by major category as of August 31, 2012 and 2011:
 
 
 
Fair Value Measurements
 
Fair Value
as of
 
Quoted Market
Prices in Active
Markets for
Identical Assets
 
Significant
Other
Observable
Inputs
 
Significant
Unobservable
Inputs
Assets
August 31, 2012
 
(Level 1)
 
(Level 2)
 
(Level 3)
Equity Securities
$
18.9

 
$
18.9

 
$

 
$

Real Estate Fund
1.4

 

 

 
1.4

Short-Term Investments
6.4

 
6.4

 

 

Fixed-Income Investments
1.4

 

 
1.4

 

 
$
28.1

 
 

 
 

 
 

 
 
 
Fair Value Measurements
 
Fair Value
as of
 
Quoted Market
Prices in Active
Markets for
Identical Assets
 
Significant
Other
Observable
Inputs
 
Significant
Unobservable
Inputs
Assets
August 31, 2011
 
(Level 1)
 
(Level 2)
 
(Level 3)
Equity Securities
$
20.3

 
$
20.3

 
$

 
$

Real Estate Fund
0.6

 

 

 
0.6

Short-Term Investments
1.6

 
1.6

 

 

Fixed-Income Investments
4.0

 

 
4.0

 

 
$
26.5

 
 

 
 

 
 

Schedule of Domestic Pension Plans' Level 3 Assets
The tables below present a rollforward of the domestic and international pension plans’ Level 3 assets for the years ended August 31, 2012 and 2011:
 
Domestic Real Estate Fund
 
Year Ended August 31,
 
2012
 
2011
Balance, beginning of year
$
4.2

 
$
3.5

Income

 
0.2

Net unrealized gain relating to instruments still held at the reporting date
0.4

 
0.4

Shares purchased, including from dividend reinvestment
0.1

 
0.1

Balance, end of year
$
4.7

 
$
4.2

 
International Real Estate Fund
 
Year Ended August 31,
 
2012
 
2011
Balance, beginning of year
$
0.6

 
$
0.4

Shares purchased, including from dividend reinvestment
0.8

 
0.2

Balance, end of year
$
1.4

 
$
0.6

Schedule of Expected Benefit Payments
Benefit payments are expected to be paid as follows for the years ending August 31:
 
Domestic Plans
 
International Plans
2013
$
6.8

 
$
1.2

2014
6.9

 
1.2

2015
7.1

 
1.2

2016
7.3

 
1.3

2017
7.7

 
1.3

2018-2022
45.5

 
6.8