Fair Value Measures (Tables)

6 Months Ended

Feb. 29, 2024

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 29, 2024 were:

(in millions)	Total		Level 1		Level 2 (1)		Level 3
Assets:
Derivative financial instruments	$	37.4	$	—	$	37.4	$	—
Nonqualified savings plan investments		56.4		56.4		—		—
Cash equivalents		52.0		52.0		—		—
	$	145.8	$	108.4	$	37.4	$	—
Liabilities:
Derivative financial instruments	$	0.2	$	—	$	0.2	$	—

Assets and liabilities measured at fair value on a recurring basis as of August 31, 2023 were:

(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	$	—

(1)Level 2 assets and liabilities include derivative financial instruments that are valued based on observable inputs. See Note 11 - Derivative Instruments for further discussion.