Derivative Instruments (Tables)

9 Months Ended

May 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Values of Derivative Instruments

Fair Values of Derivative Instruments

(in millions)

	Asset Derivatives					Liability Derivatives
		May 31, 2022		August 31, 2021			May 31, 2022		August 31, 2021
	Balance sheet location	Fair Value		Fair Value		Balance sheet location	Fair Value		Fair Value
Derivatives designated    as hedging    instruments
Foreign forward    exchange contracts	Accounts receivable,   net	$	1.2	$	0.1	Accounts payable and   accrued liabilities	$	2.3	$	0.3
Interest rate swap   contracts	Accounts receivable,   net		12.4		—	Accounts payable and   accrued liabilities		0.6		10.0
		$	13.6	$	0.1		$	2.9	$	10.3
Derivatives not    designated as    hedging instruments
Foreign forward   exchange contracts	Accounts receivable,   net	$	—	$	—	Accounts payable and   accrued liabilities	$	—	$	0.1

Effect of Derivative Instruments on the Statements of Income

The Effect of Derivative Instruments on the Statements of Income

(in millions)

Three Months Ended May 31, 2022 and 2021

Derivatives in cash flow hedging relationships	Location of gain (loss) recognized in income on derivatives	Gain (loss) recognized in income on derivatives three months ended May 31,
		2022		2021
Foreign forward exchange contract	Interest and foreign exchange	$	0.2	$	0.1

Derivatives in cash flow hedging relationships	Gain (loss) recognized in OCI on derivatives three months ended May 31,					Location of gain (loss) reclassified from accumulated OCI into income	Gain (loss) reclassified from accumulated OCI into income three months ended May 31,						Location of gain (loss) on derivative (amount excluded from effectiveness testing)	Gain (loss) recognized on derivative (amount excluded from effectiveness testing) three months ended May 31,
	2022		2021				2022			2021				2022		2021
Foreign    forward    exchange    contracts	$	1.5	$	0.5		Revenue	$	(0.6	)	$	(0.5	)	Revenue	$	0.3	$	0.2
Foreign    forward    exchange    contracts		0.8		0.3		Cost of    revenue		0.1			—		Cost of    revenue		0.2		—
Interest rate    swap    contracts		15.2		(0.5	)	Interest and    foreign    exchange		(1.7	)		(1.3	)	Interest and    foreign    exchange		—		—
	$	17.5	$	0.3			$	(2.2	)	$	(1.8	)		$	0.5	$	0.2

Nine Months Ended May 31, 2022 and 2021

Derivatives in cash flow hedging relationships	Location of gain (loss) recognized in income on derivatives	Gain (loss) recognized in income on derivatives nine months ended May 31,
		2022			2021
Foreign forward exchange contract	Interest and foreign exchange	$	(0.2	)	$	—

Derivatives in cash flow hedging relationships	Gain (loss) recognized in OCI on derivatives nine months ended May 31,						Location of gain (loss) reclassified from accumulated OCI into income	Gain (loss) reclassified from accumulated OCI into income nine months ended May 31,						Location of gain (loss) on derivative (amount excluded from effectiveness testing)	Gain (loss) recognized on derivative (amount excluded from effectiveness testing) nine months ended May 31,
	2022			2021				2022			2021				2022		2021
Foreign    forward    exchange    contracts	$	(3.5	)	$	(1.1	)	Revenue	$	(1.0	)	$	(1.1	)	Revenue	$	0.8	$	0.5
Foreign    forward    exchange    contracts		0.9			—		Cost of    revenue		0.1			(0.1	)	Cost of    revenue		0.6		0.1
Interest rate    swap    contracts		17.5			0.6		Interest and    foreign    exchange		(4.3	)		(3.9	)	Interest and    foreign    exchange		—		—
	$	14.9		$	(0.5	)		$	(5.2	)	$	(5.1	)		$	1.4	$	0.6

Effects of Cash Flow Hedges Included in Statements of Income

The following table presents the amounts in the Consolidated Statements of Income in which the effects of the cash flow hedges are recorded and the effects of the cash flow hedge activity on these line items for the three months ended May 31, 2022 and 2021:

	For The Three Months Ended May 31,
	2022					2021
	Total		Amount of gain (loss) on cash flow hedge activity			Total		Amount of gain (loss) on cash flow hedge activity
Revenue	$	793.5	$	(0.6	)	$	450.2	$	(0.5	)
Cost of revenue	$	717.2	$	0.1		$	375.0	$	—
Interest and foreign exchange	$	14.9	$	(1.7	)	$	10.2	$	(1.3	)

	For The Nine Months Ended May 31,
	2022					2021
	Total		Amount of gain (loss) on cash flow hedge activity			Total		Amount of gain (loss) on cash flow hedge activity
Revenue	$	2,027.0	$	(1.0	)	$	1,148.8	$	(1.1	)
Cost of revenue	$	1,848.3	$	0.1		$	1,015.3	$	(0.1	)
Interest and foreign exchange	$	39.3	$	(4.3	)	$	30.9	$	(3.9	)