Fair Value Measures (Tables)

6 Months Ended

Feb. 28, 2023

Fair Value Disclosures [Abstract]

Assets and Liabilities Measured at Fair Value on Recurring Basis

Assets and liabilities measured at fair value on a recurring basis as of February 28, 2023 were:

(in millions)	Total		Level 1		Level 2 (1)		Level 3
Assets:
Derivative financial instruments	$	37.9	$	—	$	37.9	$	—
Nonqualified savings plan investments		45.1		45.1		—		—
Cash equivalents		60.3		60.3		—		—
	$	143.3	$	105.4	$	37.9	$	—
Liabilities:
Derivative financial instruments	$	0.4	$	—	$	0.4	$	—

Assets and liabilities measured at fair value on a recurring basis as of August 31, 2022 were:

(in millions)	Total		Level 1		Level 2 (1)		Level 3
Assets:
Derivative financial instruments	$	21.4	$	—	$	21.4	$	—
Nonqualified savings plan investments		40.3		40.3		—		—
Cash equivalents		119.4		119.4		—		—
	$	181.1	$	159.7	$	21.4	$	—
Liabilities:
Derivative financial instruments	$	3.0	$	—	$	3.0	$	—

(1)Level 2 assets and liabilities include derivative financial instruments that are valued based on observable inputs. See Note 12 - Derivative Instruments for further discussion.