Revenue Recognition (Tables)

9 Months Ended

May 31, 2023

Revenue from Contract with Customer [Abstract]

Summary of Contract Balances

The contract balances are as follows:

(in millions)	Balance sheet classification	May 31, 2023		August 31, 2022		$ change
Contract assets (1)	Accounts Receivable	$	—	$	13.0	$	(13.0	)
Contract assets	Inventories		7.9		6.0	$	1.9
Contract liabilities (1) (2)	Deferred revenue		54.5		30.5	$	24.0

(1) Balance includes contract assets and liabilities associated with Gunderson Marine which was disposed of in May 2023. See Note 4 for further discussion.

(2) 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)	May 31, 2023
Revenue type:
Manufacturing – Railcar sales	$	2,029.9
Manufacturing – Sustainable conversions	$	87.6
Management services	$	139.5
Other	$	10.0