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Significant Accounting Policies (Tables)
 12 Months Ended
Aug. 31, 2019
Accounting Policies [Abstract]  
Schedule of Changes in Reserves for Doubtful Accounts The changes in these reserves during the fiscal years ended August 31, 2019, 2018, and 2017 are summarized as follows (in millions):
 
Year Ended August 31,
 
2019
 
2018
 
2017
Beginning balance
$
23.4

 
$
21.3

 
$
17.3

Refund costs
—

 
133.4

 
134.2

Payments and other deductions
—

 
(131.3
)
 
(130.2
)
ASC 606 adjustments (1)
(23.4
)
 
—

 
—

Ending balance
$
—

 
$
23.4

 
$
21.3

_______________________________________
(1) 
Estimated liabilities for returns, cash discounts, and other deductions are now reflected as Other current liabilities within our consolidated financial statements. Refer to the New Accounting Pronouncements and Revenue Recognition footnotes for additional information.
Schedule of Inventory
Inventories include materials, direct labor, inbound freight, and related manufacturing overhead, are stated at the lower of cost (on a first-in, first-out or average cost basis) and net realizable value, and consist of the following (in millions):
 
August 31,
 
2019
 
2018
Raw materials, supplies, and work in process(1)
$
179.4

 
$
196.8

Finished goods
183.7

 
251.8

Inventories excluding reserves
363.1

 
448.6

Less: Reserves
(22.3
)
 
(36.8
)
Total inventories
$
340.8

 
$
411.8

_______________________________________
(1) 
Due to the immaterial amount of estimated work in process and the short lead times for the conversion of raw materials to finished goods, we do not believe the segregation of raw materials and work in process is meaningful information.
Schedule of Goodwill The changes in the carrying amount of goodwill during fiscal 2019 and 2018 are summarized as follows (in millions):
 
Carrying Amount
Balance, August 31, 2017
$
900.9

Additions from acquired businesses
77.0

Foreign currency translation adjustments
(7.3
)
Balance, August 31, 2018
970.6

Additions from an acquired business
2.0

Adjustments to provisional amounts
(0.2
)
Foreign currency translation adjustments
(5.1
)
Balance as of August 31, 2019
$
967.3
Schedule of Acquired Finite-Lived Intangible Assets
Summarized information for our acquired intangible assets is as follows (in millions except amortization periods):
 
 
 
August 31,
 
 
 
2019
 
2018
 
Weighted Average Amortization Period in Years
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Gross Carrying
Amount
 
Accumulated
Amortization
Definite-lived intangible assets:
 
 
 

 
 

 
 

 
 

Patents and patented technology
12
 
$
135.7

 
$
(72.9
)
 
$
137.2

 
$
(62.2
)
Trademarks and trade names
19
 
27.2

 
(14.5
)
 
27.2

 
(13.2
)
Distribution network
28
 
61.8

 
(39.7
)
 
61.8

 
(37.5
)
Customer relationships
21
 
299.2

 
(72.1
)
 
300.0

 
(56.3
)
Total definite-lived intangible assets
17
 
$
523.9


$
(199.2
)

$
526.2


$
(169.2
)
Indefinite-lived trade names
 
 
$
141.3

 
 

 
$
141.7

 
 
Schedule of Acquired Indefinite-Lived Intangible Assets
Summarized information for our acquired intangible assets is as follows (in millions except amortization periods):
 
 
 
August 31,
 
 
 
2019
 
2018
 
Weighted Average Amortization Period in Years
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Gross Carrying
Amount
 
Accumulated
Amortization
Definite-lived intangible assets:
 
 
 

 
 

 
 

 
 

Patents and patented technology
12
 
$
135.7

 
$
(72.9
)
 
$
137.2

 
$
(62.2
)
Trademarks and trade names
19
 
27.2

 
(14.5
)
 
27.2

 
(13.2
)
Distribution network
28
 
61.8

 
(39.7
)
 
61.8

 
(37.5
)
Customer relationships
21
 
299.2

 
(72.1
)
 
300.0

 
(56.3
)
Total definite-lived intangible assets
17
 
$
523.9


$
(199.2
)

$
526.2


$
(169.2
)
Indefinite-lived trade names
 
 
$
141.3

 
 

 
$
141.7

 
 
Schedule of Other Long-Term Assets
Other long-term assets consist of the following (in millions):
 
August 31,
 
2019
 
2018
Deferred contract costs
$
15.4

 
$
12.8

Net overfunded pension plans
—

 
1.6

Other(1)
2.3

 
4.4

Total other long-term assets
$
17.7

 
$
18.8

_______________________________________
(1) 
Amounts primarily include deferred debt issuance costs related to our credit facilities and company-owned life insurance investments. We maintain life insurance policies on 66 former employees primarily to satisfy obligations under certain deferred compensation plans. These company-owned life insurance policies are presented net of loans that are secured by these policies. This program is frozen, and no new policies were issued in the three-year period ended August 31, 2019.
Schedule of Other Long-Term Liabilities
Other long-term liabilities consist of the following (in millions):
 
August 31,
 
2019
 
2018
Deferred compensation and postretirement benefits other than pensions(1)
$
41.6

 
$
40.0

Service-type warranties(2)
46.3

 
14.8

Unrecognized tax position liabilities, including interest(3)
17.6

 
4.9

Other(4)
5.2

 
8.2

Total other long-term liabilities
$
110.7

 
$
67.9

____________________________________
(1) 
We maintain several non-qualified retirement plans for the benefit of eligible employees, primarily deferred compensation plans. The deferred compensation plans provide for elective deferrals of an eligible employee’s compensation and, in some cases, matching contributions by the organization. In addition, one plan provides an automatic contribution of 3% of an eligible employee’s compensation. We maintain life insurance policies on certain former officers and other key employees as a means of satisfying a portion of these obligations.
(2) 
Certain service-type warranties accounted for as contingent liabilities prior to the adoption of ASC 606 are now reflected as contract liabilities effective September 1, 2018. Refer to the New Accounting Pronouncements and Revenue Recognition footnotes for additional information.
(3) 
See the Income Taxes footnote for more information.
(4) 
Amount primarily includes deferred rent.
Schedule of Interest Expense, Net
The following table summarizes the components of interest expense, net (in millions):
 
Year Ended August 31,
 
2019
 
2018
 
2017
Interest expense
$
36.4

 
$
35.5

 
$
34.1

Interest income
(3.1
)
 
(2.0
)
 
(1.6
)
Interest expense, net
$
33.3

 
$
33.5

 
$
32.5
Schedule of Accumulated Other Comprehensive Loss
The following table presents the changes in each component of accumulated other comprehensive loss net of tax during the year ended August 31, 2019 (in millions):
 
 Foreign Currency Items
 
 Defined Benefit Pension Plans
 
 Accumulated Other Comprehensive Loss Items
Balance as of August 31, 2017
$
(28.7
)
 
$
(71.0
)
 
$
(99.7
)
Other comprehensive (loss) income before reclassifications
(16.5
)
 
14.0

 
(2.5
)
Amounts reclassified from accumulated other comprehensive loss (1)
(8.7
)
 
7.2

 
(1.5
)
Net current period other comprehensive (loss) income
(25.2
)
 
21.2

 
(4.0
)
Reclassification of stranded tax effects of TCJA
—

 
(11.1
)
 
(11.1
)
Balance as of August 31, 2018
(53.9
)

(60.9
)

(114.8
)
Other comprehensive loss before reclassifications
(11.5
)
 
(31.1
)
 
(42.6
)
Amounts reclassified from accumulated other comprehensive loss (1)
—

 
6.0

 
6.0

Net current period other comprehensive loss
(11.5
)
 
(25.1
)
 
(36.6
)
Balance at August 31, 2019
$
(65.4
)
 
$
(86.0
)
 
$
(151.4
)

_______________________________________
(1) 
The before tax amounts of the defined benefit pension plan items are included in net periodic pension cost. See the Pension and Defined Contribution Plans footnote for additional details. The reclassification of foreign currency items relates to the sale of a foreign domiciled business and is included within Miscellaneous expense, net on the Consolidated Statements of Comprehensive Income.
Schedule of Comprehensive Income (Loss)
The following table presents the tax expense or benefit allocated to each component of other comprehensive income (loss) for the three years ended August 31, 2019 (in millions):
 
Year Ended August 31,
 
2019
 
2018
 
2017
 
 Before Tax Amount
 
 Tax (Expense) or Benefit
 
 Net of Tax Amount
 
 Before Tax Amount
 
 Tax (Expense) or Benefit
 
 Net of Tax Amount
 
 Before Tax Amount
 
 Tax (Expense) or Benefit
 
 Net of Tax Amount
Foreign currency translation adjustments
$
(11.5
)
 
$
—

 
$
(11.5
)
 
$
(25.2
)
 
$
—

 
$
(25.2
)
 
$
19.0

 
$
—

 
$
19.0

Defined benefit pension plans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Actuarial (losses) gains
(40.8
)
 
9.7

 
(31.1
)
 
18.4

 
(4.4
)
 
14.0

 
18.3

 
(5.7
)
 
12.6

Amortization of defined benefit pension items:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Prior service cost
3.5

 
(0.9
)
 
2.6

 
3.1

 
(0.7
)
 
2.4

 
3.1

 
(0.7
)
 
2.4

Actuarial losses
4.1

 
(1.0
)
 
3.1

 
6.8

 
(2.0
)
 
4.8

 
8.9

 
(3.2
)
 
5.7

Settlement losses
0.4

 
(0.1
)
 
0.3

 
—

 
—

 
—

 
—

 
—

 
—

Total defined benefit plans, net
(32.8
)
 
7.7

 
(25.1
)
 
28.3

 
(7.1
)
 
21.2

 
30.3

 
(9.6
)
 
20.7

Other comprehensive (loss) income
$
(44.3
)
 
$
7.7

 
$
(36.6
)
 
$
3.1

 
$
(7.1
)
 
$
(4.0
)
 
$
49.3

 
$
(9.6
)
 
$
39.7