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Consolidated Balance Sheets - USD ($)
$ in Millions
Aug. 31, 2019
Aug. 31, 2018
Current assets:    
Cash and cash equivalents $ 461.0 $ 129.1
Accounts receivable, less reserve for doubtful accounts of $1.0 and $1.3, respectively 561.0 637.9
Inventories 340.8 411.8
Prepayments and other current assets 79.0 32.3
Total current assets 1,441.8 1,211.1
Property, plant, and equipment, at cost:    
Land 22.6 22.9
Buildings and leasehold improvements 190.7 189.1
Machinery and equipment 544.4 516.6
Total property, plant, and equipment 757.7 728.6
Less — Accumulated depreciation and amortization (480.4) (441.9)
Property, plant, and equipment, net 277.3 286.7
Goodwill 967.3 970.6
Intangible assets, net 466.0 498.7
Deferred income taxes 2.3 2.9
Other long-term assets 17.7 18.8
Total assets 3,172.4 2,988.8
Current liabilities:    
Accounts payable 338.8 451.1
Current maturities of long-term debt 9.1 0.4
Accrued compensation 73.2 67.0
Other accrued liabilities 175.0 164.2
Total current liabilities 596.1 682.7
Long-term debt 347.5 356.4
Accrued pension liabilities 99.7 64.6
Deferred income taxes 92.7 92.5
Self-insurance reserves 6.8 7.9
Other long-term liabilities 110.7 67.9
Total liabilities 1,253.5 1,272.0
Commitments and Contingencies
Stockholders’ equity:    
Preferred stock, $0.01 par value; 50,000,000 shares authorized; none issued 0.0 0.0
Common stock, $0.01 par value; 500,000,000 shares authorized; 53,778,155 and 53,667,327 issued, respectively 0.5 0.5
Paid-in capital 930.0 906.3
Retained earnings 2,295.8 1,999.2
Accumulated other comprehensive loss (151.4) (114.8)
Treasury stock, at cost — 14,325,197 and 13,676,689 shares, respectively (1,156.0) (1,074.4)
Total stockholders’ equity 1,918.9 1,716.8
Total liabilities and stockholders’ equity $ 3,172.4 $ 2,988.8