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Inventories

9 Months Ended

May 31, 2019

Inventory Disclosure [Abstract]

Inventories

Inventories

Inventories include materials, 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):

	May 31, 2019				August 31, 2018
Raw materials, supplies, and work in process (1)	$	178.9			$	196.8
Finished goods	240.3				251.8
Inventories excluding reserves	419.2				448.6
Less: Reserves	(28.6		)		(36.8		)
Total inventories	$	390.6			$	411.8

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⁽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.

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- References

No definition available.

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- Definition

The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-URI http://asc.fasb.org/topic&trid=2126998

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