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Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Aug. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Data (Unaudited)
 
Fiscal Year 2019
(In millions)
1st Quarter
 
2nd Quarter
 
3rd Quarter
 
4th Quarter
Net sales
$
932.6

 
$
854.4

 
$
947.6

 
$
938.1

Gross profit
$
367.5

 
$
333.9

 
$
383.6

 
$
394.7

Net income
$
79.6

 
$
66.3

 
$
88.4

 
$
96.1

Basic earnings per share
$
1.99

 
$
1.68

 
$
2.23

 
$
2.43

Diluted earnings per share
$
1.98

 
$
1.67

 
$
2.22

 
$
2.42

 
Fiscal Year 2018
(In millions)
1st Quarter
 
2nd Quarter
 
3rd Quarter
 
4th Quarter
Net sales
$
842.8

 
$
832.1

 
$
944.0

 
$
1,061.2

Gross profit (1)
$
349.9

 
$
334.5

 
$
389.1

 
$
411.9

Net income
$
71.5

 
$
96.9

 
$
73.0

 
$
108.2

Basic earnings per share
$
1.71

 
$
2.34

 
$
1.81

 
$
2.71

Diluted earnings per share
$
1.70

 
$
2.33

 
$
1.80

 
$
2.70


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(1) 
Fiscal 2018 quarterly gross profit amounts have been retrospectively adjusted to reflect the impact of ASU 2017-07 to our interim periods. See the New Accounting Pronouncements footnote for further details.