Restructuring Charges and Other Exit-Related Activities |
12 Months Ended |
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Aug. 31, 2021 | |
Restructuring And Related Activities [Abstract] | |
Restructuring Charges and Other Exit-Related Activities |
Note 15 - Restructuring Charges and Other Exit-Related Activities In fiscal 2020, the Company implemented restructuring initiatives aimed at further reducing its annual operating expenses, primarily selling, general, and administrative, mainly through reductions in non-trade procurement spend, including outside and professional services, lower employee-related expenses, and other non-headcount measures. Additionally, in April 2020, the Company announced its intention to modify its internal organizational and reporting structure to the One Schnitzer functionally-based, integrated model, which it completed in the first quarter of fiscal 2021. During fiscal 2020, the Company incurred severance costs of $2 million, exit-related costs associated with a lease contract termination of $1 million, and professional services costs related to these initiatives of $6 million. |