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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Aug. 31, 2020
Aug. 31, 2019
Aug. 31, 2018
Cash flows from operating activities:      
Net income $ 248.3 $ 330.4 $ 349.6
Adjustments to reconcile net income to net cash flows from operating activities:      
Depreciation and amortization 101.1 88.3 80.3
Share-based payment expense 38.2 29.2 32.3
Loss on the sale or disposal of property, plant, and equipment 0.3 0.9 0.6
Asset impairments 8.8 0.0 0.0
Deferred income taxes (6.7) 9.3 (38.2)
Gain on sale of business 0.0 0.0 (5.4)
Accounts receivable 74.5 97.7 (62.8)
Inventories 38.0 70.8 (74.4)
Prepayments and other current assets 12.9 (34.0) 0.7
Accounts payable (19.6) (111.5) 52.5
Other 9.0 13.6 16.3
Net cash provided by operating activities 504.8 494.7 351.5
Cash flows from investing activities:      
Purchases of property, plant, and equipment (54.9) (53.0) (43.6)
Proceeds from sale of property, plant, and equipment 0.2 0.0 0.0
Acquisition of businesses, net of cash acquired (303.0) (2.9) (163.2)
Proceeds from sale of business 0.0 0.0 1.1
Other investing activities (2.1) 2.9 1.7
Net cash used for investing activities (359.8) (53.0) (204.0)
Cash flows from financing activities:      
Borrowings on credit facility 400.0 86.5 395.4
Repayments of borrowings on credit facility (5.0) (86.5) (395.4)
Repayments of long-term debt (350.7) (0.4) (0.4)
Repurchases of common stock (69.3) (81.6) (298.4)
Proceeds from stock option exercises and other 0.9 0.6 1.7
Payments of taxes withheld on net settlement of equity awards (5.4) (6.0) (8.2)
Dividends paid (20.8) (20.8) (21.4)
Net cash used for financing activities (50.3) (108.2) (326.7)
Effect of exchange rate changes on cash and cash equivalents 5.0 (1.6) (2.8)
Net change in cash and cash equivalents 99.7 331.9 (182.0)
Cash and cash equivalents at beginning of year 461.0 129.1 311.1
Cash and cash equivalents at end of year 560.7 461.0 129.1
Supplemental cash flow information:      
Income taxes paid 64.6 92.9 126.6
Interest paid $ 29.8 $ 35.6 $ 36.7