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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Feb. 28, 2022
Feb. 28, 2021
Cash flows from operating activities:    
Net income $ 162.9 $ 122.5
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation and amortization 47.9 50.0
Share-based payment expense 17.6 15.2
Gain on sale of property, plant, and equipment (2.3) 0.0
Asset impairment 1.7 4.0
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable 23.5 54.5
Inventories (117.6) (0.4)
Prepayments and other current assets (51.8) (7.6)
Accounts payable 63.4 (4.3)
Other (18.0) (21.3)
Net cash provided by operating activities 127.3 212.6
Cash flows from investing activities:    
Purchases of property, plant, and equipment (24.1) (21.2)
Proceeds from sale of property, plant, and equipment 8.9 0.4
Acquisition of businesses, net of cash acquired (10.2) 0.0
Other investing activities (1.7) (3.1)
Net cash used for investing activities (27.1) (23.9)
Cash flows from financing activities:    
Issuance of long-term debt 0.0 493.9
Repayments of long-term debt 0.0 (397.1)
Repurchases of common stock (108.0) (338.3)
Proceeds from stock option exercises and other 10.2 0.9
Payments of taxes withheld on net settlement of equity awards (7.3) (3.3)
Dividends paid (9.3) (9.7)
Net cash used for financing activities (114.4) (253.6)
Effect of exchange rate changes on cash and cash equivalents (1.6) 2.9
Net change in cash and cash equivalents (15.8) (62.0)
Cash and cash equivalents at beginning of period 491.3 560.7
Cash and cash equivalents at end of period 475.5 498.7
Supplemental cash flow information:    
Income taxes paid during the period 54.4 38.7
Interest paid during the period $ 18.9 $ 15.5