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v3.19.2

New Accounting Pronouncements - Effects of Adoption of ASC 606 on Consolidated Statement of Comprehensive Income (Details) - USD ($) $ / shares in Units, $ in Millions | 3 Months Ended | 9 Months Ended
--- | --- | ---
May 31, 2019 | Feb. 28, 2019 | Nov. 30, 2018 | May 31, 2018 | Feb. 28, 2018 | Nov. 30, 2017 | May 31, 2019 | May 31, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items] |  |  |  |  |  |  |  |
Net sales | $ 947.6 |  |  | $ 944.0 |  |  | $ 2,734.6 | $ 2,618.9
Cost of products sold | 564.0 |  |  | 554.9 |  |  | 1,649.6 | 1,545.4
Selling, distribution, and administrative expenses | 263.4 |  |  | 271.8 |  |  | 751.1 | 745.7
Operating profit | 120.3 |  |  | 107.4 |  |  | 332.6 | 317.1
Income tax expense | 23.4 |  |  | 26.2 |  |  | 70.1 | 47.4
Net income | $ 88.4 | $ 66.3 | $ 79.6 | $ 73.0 | $ 96.9 | $ 71.5 | $ 234.3 | $ 241.4
Basic earnings per share (in dollars per share) | $ 2.23 |  |  | $ 1.81 |  |  | $ 5.89 | $ 5.86
Diluted earnings per share (in dollars per share) | $ 2.22 |  |  | $ 1.80 |  |  | $ 5.87 | $ 5.85
Without ASC 606 Adoption | ASC 606 |  |  |  |  |  |  |  |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] |  |  |  |  |  |  |  |
Net sales | $ 951.4 |  |  |  |  |  | $ 2,742.4 |
Cost of products sold | 566.2 |  |  |  |  |  | 1,653.6 |
Selling, distribution, and administrative expenses | 263.4 |  |  |  |  |  | 750.9 |
Operating profit | 121.9 |  |  |  |  |  | 336.6 |
Income tax expense | 23.8 |  |  |  |  |  | 71.1 |
Net income | $ 89.6 |  |  |  |  |  | $ 237.3 |
Basic earnings per share (in dollars per share) | $ 2.26 |  |  |  |  |  | $ 5.97 |
Diluted earnings per share (in dollars per share) | $ 2.25 |  |  |  |  |  | $ 5.95 |
Higher (Lower) | ASC 606 |  |  |  |  |  |  |  |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] |  |  |  |  |  |  |  |
Net sales | $ (3.8) |  |  |  |  |  | $ (7.8) |
Cost of products sold | (2.2) |  |  |  |  |  | (4.0) |
Selling, distribution, and administrative expenses | 0.0 |  |  |  |  |  | 0.2 |
Operating profit | (1.6) |  |  |  |  |  | (4.0) |
Income tax expense | (0.4) |  |  |  |  |  | (1.0) |
Net income | $ (1.2) |  |  |  |  |  | $ (3.0) |
Basic earnings per share (in dollars per share) | $ (0.03) |  |  |  |  |  | $ (0.08) |
Diluted earnings per share (in dollars per share) | $ (0.03) |  |  |  |  |  | $ (0.08) |

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