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Consolidated Balance Sheets - USD ($)
$ in Millions
May 31, 2019
Aug. 31, 2018
Current assets:    
Cash and cash equivalents $ 333.7 $ 129.1
Accounts receivable, less reserve for doubtful accounts of $1.3 and $1.3, respectively 586.0 637.9
Inventories 390.6 411.8
Prepayments and other current assets 69.0 32.3
Total current assets 1,379.3 1,211.1
Property, plant, and equipment, at cost:    
Land 22.7 22.9
Buildings and leasehold improvements 190.0 189.1
Machinery and equipment 539.0 516.6
Total property, plant, and equipment 751.7 728.6
Less — Accumulated depreciation and amortization (471.2) (441.9)
Property, plant, and equipment, net 280.5 286.7
Goodwill 964.1 970.6
Intangible assets, net 473.1 498.7
Deferred income taxes 2.8 2.9
Other long-term assets 21.3 18.8
Total assets 3,121.1 2,988.8
Current liabilities:    
Accounts payable 378.8 451.1
Current maturities of long-term debt 9.1 0.4
Accrued compensation 66.4 67.0
Other accrued liabilities 176.7 164.2
Total current liabilities 631.0 682.7
Long-term debt 347.5 356.4
Accrued pension liabilities 61.9 64.6
Deferred income taxes 89.6 92.5
Self-insurance reserves 7.5 7.9
Other long-term liabilities 98.7 67.9
Total liabilities 1,236.2 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; 53,754,706 and 53,667,327 issued, respectively 0.5 0.5
Paid-in capital 924.7 906.3
Retained earnings 2,204.9 1,999.2
Accumulated other comprehensive loss (122.1) (114.8)
Treasury stock, at cost — 14,075,197 and 13,676,689 shares, respectively (1,123.1) (1,074.4)
Total stockholders’ equity 1,884.9 1,716.8
Total liabilities and stockholders’ equity $ 3,121.1 $ 2,988.8