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Revenue Recognition (Tables)
6 Months Ended
Feb. 28, 2023
Revenue from Contract with Customer [Abstract]  
Summary of Contract Balances

The contract balances are as follows:

 

(in millions)

 

Balance sheet classification

 

February 28,
2023

 

 

August 31,
2022

 

 

$
change

 

Contract assets

 

Accounts receivable, net

 

$

2.4

 

 

$

13.0

 

 

$

(10.6

)

Contract assets

 

Inventories

 

$

8.2

 

 

$

6.0

 

 

$

2.2

 

Contract liabilities 1

 

Deferred revenue

 

$

65.7

 

 

$

30.5

 

 

$

35.2

 

 

1 Contract liabilities balance includes deferred revenue within the scope of Revenue from Contracts with Customers (Topic 606).

Summary of Estimated Revenue Related to Performance Obligations Wholly or Partially Unsatisfied The following table outlines estimated revenue related to performance obligations wholly or partially unsatisfied, that the Company anticipates will be recognized in future periods.

 

(in millions)

 

February 28,
2023

 

Revenue type:

 

 

 

Manufacturing – Railcar sales

 

$

2,321.9

 

Manufacturing – Marine

 

$

43.2

 

Manufacturing – Sustainable conversions

 

$

103.8

 

Management services

 

$

130.1

 

Other

 

$

11.5