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Fair Value Measurements (Tables)
12 Months Ended
Aug. 31, 2020
Fair Value Disclosures [Abstract]  
Schedule of Carrying Value and Estimated Fair Value of Financial Instruments
The carrying values and estimated fair values of certain financial instruments (Level 2) as of the dates presented were as follows (in millions):
 
August 31, 2020
 
August 31, 2019
 
Carrying Value
 
Fair Value
 
Carrying Value
 
Fair Value
Assets:
 
 
 
 
 
 
 
Investments in unconsolidated affiliates
$
6.0

 
$
6.0

 
$

 
$

Liabilities:
 
 
 
 
 

 
 

Senior unsecured public notes, net of unamortized discount and deferred costs
$

 
$

 
$
349.9

 
$
352.7

Borrowings under Term Loan Facility
395.0

 
395.0

 

 

Industrial revenue bond
4.0

 
4.0

 
4.0

 
4.0

Bank loans
2.1

 
2.3

 
2.7

 
2.9