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Accumulated Other Comprehensive Loss (Tables)
3 Months Ended
Nov. 30, 2021
Equity [Abstract]  
Components of Accumulated Other Comprehensive Loss, Net of Tax

Accumulated other comprehensive loss, net of tax effect as appropriate, consisted of the following:

 

(in millions)

 

Unrealized
Gain (Loss)
on Derivative
Financial
Instruments

 

 

Foreign
Currency
Translation
Adjustment

 

 

Other

 

 

Accumulated
Other
Comprehensive
Loss

 

Balance, August 31, 2021

 

$

(7.4

)

 

$

(35.8

)

 

$

(0.5

)

 

$

(43.7

)

Other comprehensive gain (loss) before reclassifications

 

 

(3.2

)

 

 

(13.9

)

 

 

(0.1

)

 

 

(17.2

)

Amounts reclassified from Accumulated other
   comprehensive loss

 

 

1.0

 

 

 

 

 

 

 

 

 

1.0

 

Balance, November 30, 2021

 

$

(9.6

)

 

$

(49.7

)

 

$

(0.6

)

 

$

(59.9

)

Amounts Reclassified out of Accumulated Other Comprehensive Loss

The amounts reclassified out of Accumulated other comprehensive loss into the Consolidated Statements of Operations, with financial statement caption, were as follows:

 

 

 

Three Months Ended
November 30,

 

 

 

(in millions)

 

2021

 

 

2020

 

 

Financial Statement Caption

(Gain) loss on derivative financial instruments:

 

 

 

 

 

 

 

 

Foreign exchange contracts

 

$

1.3

 

 

$

1.3

 

 

Revenue and Cost of revenue

Interest rate swap contracts

 

 

0.2

 

 

 

0.3

 

 

Interest and foreign exchange

 

 

 

1.5

 

 

 

1.6

 

 

Total before tax

 

 

 

(0.5

)

 

 

(0.4

)

 

Income tax expense

 

 

$

1.0

 

 

$

1.2

 

 

Net of tax