Property, Plant, and Equipment

3 Months Ended

Nov. 30, 2021

Property, Plant and Equipment [Abstract]

Property, Plant, and Equipment

Property, Plant, and Equipment

Property, plant, and equipment consist of the following as of the dates presented (in millions):

	November 30, 2021		August 31, 2021
Land	$	22.1	$	22.4
Buildings and leasehold improvements	198.0		198.0
Machinery and equipment	626.1		624.9
Total property, plant, and equipment, at cost	846.2		845.3
Less: Accumulated depreciation and amortization	(585.2)		(576.2)
Property, plant, and equipment, net	$	261.0	$	269.1

As of November 30, 2021 and August 31, 2021, we classified as held for sale one building with a total carrying value of $6.6 million within Prepayments and other current assets on the Consolidated Balance Sheets. At each balance sheet date, we concluded the fair value less costs to sell exceeded the carrying value of each of these assets.