Leases (Tables)

6 Months Ended

Feb. 28, 2022

Leases [Abstract]

Aggregate Minimum Future Amounts Receivable Under All Non-Cancelable Operating Leases and Subleases

Aggregate minimum future amounts receivable under all non-cancelable operating leases and subleases at February 28, 2022, will mature as follows:

(in millions)
Remaining six months of 2022	$	21.9
2023		35.1
2024		28.5
2025		22.8
2026		20.1
Thereafter		40.0
	$	168.4

Components of Operating Lease Costs

The components of operating lease costs were as follows:

	Three Months Ended February 28,				Six Months Ended February 28,
(in millions)	2022		2021		February 28, 2022		February 28, 2021
Operating lease expense	$	2.5	$	3.6	$	5.2	$	7.5
Short-term lease expense		1.4		1.3	$	2.7	$	2.6
Total	$	3.9	$	4.9	$	7.9	$	10.1

Aggregate Minimum Future Amounts Payable Under Operating Leases

Aggregate minimum future amounts payable under operating leases having initial or remaining non-cancelable terms at February 28, 2022 will mature as follows:

(in millions)
Remaining six months of 2022	$	5.1
2023		10.0
2024		8.8
2025		6.1
2026		4.9
Thereafter		12.8
Total lease payments	$	47.7
Less: Imputed interest		(5.0	)
Total lease obligations	$	42.7

Additional Information Related to Company's Leases

The table below presents additional information related to the Company’s leases:

Weighted average remaining lease term:
Operating leases	12.4 Years
Weighted average discount rate:
Operating leases		2.9	%

Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases were as follows:

(in millions)	Three months ended February 28, 2022
Cash paid for amounts included in the measurement    of lease liabilities:
Operating cash flows from operating leases	$	5.5
ROU assets obtained in exchange for new operating    lease liabilities	$	5.4
ROU assets disposed of for lease terminations	$	-