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Consolidated Balance Sheets - USD ($)
$ in Millions
Nov. 30, 2019
Aug. 31, 2019
Current assets:    
Cash and cash equivalents $ 266.6 $ 461.0
Accounts receivable, less reserve for doubtful accounts of $1.1 and $1.0, respectively 507.7 561.0
Inventories 352.6 340.8
Prepayments and other current assets 79.5 79.0
Total current assets 1,206.4 1,441.8
Property, plant, and equipment, net 278.4 277.3
Operating lease right-of-use assets 60.1  
Goodwill 1,115.5 967.3
Intangible assets, net 621.5 466.0
Deferred income taxes 2.3 2.3
Other long-term assets 21.0 17.7
Total assets 3,305.2 3,172.4
Current liabilities:    
Accounts payable 321.7 338.8
Current maturities of long-term debt 9.2 9.1
Current operating lease liabilities 16.7  
Accrued compensation 50.5 73.2
Other accrued liabilities 174.5 175.0
Total current liabilities 572.6 596.1
Long-term debt 347.1 347.5
Long-term operating lease liabilities 49.4  
Accrued pension liabilities 98.7 99.7
Deferred income taxes 122.7 92.7
Self-insurance reserves 7.2 6.8
Other long-term liabilities 120.2 110.7
Total liabilities 1,317.9 1,253.5
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; 53,847,197 and 53,778,155 issued, respectively 0.5 0.5
Paid-in capital 942.8 930.0
Retained earnings 2,347.6 2,295.8
Accumulated other comprehensive loss (147.6) (151.4)
Treasury stock, at cost — 14,325,197 and 14,325,197 shares, respectively (1,156.0) (1,156.0)
Total stockholders’ equity 1,987.3 1,918.9
Total liabilities and stockholders’ equity $ 3,305.2 $ 3,172.4