Accumulated Other Comprehensive Loss

9 Months Ended

May 31, 2023

Equity [Abstract]

Accumulated Other Comprehensive Loss

Note 10 – Accumulated Other Comprehensive Loss

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, 2022	$	13.0		$	(57.4	)	$	(1.2	)	$	(45.6	)
Other comprehensive gain before reclassifications		9.8			16.9			0.1			26.8
Amounts reclassified from Accumulated other    comprehensive loss		(4.8	)		—			—			(4.8	)
Balance, May 31, 2023	$	18.0		$	(40.5	)	$	(1.1	)	$	(23.6	)

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

	Three Months Ended May 31,
(in millions)	2023			2022			Financial Statement Caption
(Gain) loss on derivative financial instruments:
Foreign exchange contracts	$	(0.5	)	$	0.5		Revenue and Cost of revenue
Interest rate swap contracts		(3.4	)		1.7		Interest and foreign exchange
		(3.9	)		2.2		Total before tax
		1.2			(0.7	)	Income tax (benefit) expense
	$	(2.7	)	$	1.5		Net of tax

	Nine Months Ended May 31,
(in millions)	2023			2022			Financial Statement Caption
(Gain) loss on derivative financial instruments:
Foreign exchange contracts	$	(0.2	)	$	0.9		Revenue and Cost of revenue
Interest rate swap contracts		(6.8	)		4.3		Interest and foreign exchange
		(7.0	)		5.2		Total before tax
		2.2			(1.4	)	Income tax (benefit) expense
	$	(4.8	)	$	3.8		Net of tax