Fair Value Measures (Tables)

12 Months Ended

Aug. 31, 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 August 31, 2023 are:

(In millions)	Total		Level 1		Level 2(1)		Level 3
Assets:
Derivative financial instruments	$	37.9	$	—	$	37.9	$	—
Nonqualified savings plan investments		47.7		47.7		—		—
Cash equivalents		51.2		51.2		—		—
	$	136.8	$	98.9	$	37.9	$	—
Liabilities:
Derivative financial instruments	$	0.2	$	—	$	0.2	$	—
						0

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

(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 include derivative financial instruments which are valued based on significant observable inputs. See Note 14 - Derivative Instruments for further discussion.