Comprehensive Income

3 Months Ended

Nov. 30, 2019

Comprehensive income represents a measure of all changes in equity that result from recognized transactions and other economic events other than transactions with owners in their capacity as owners. Other comprehensive income (loss) items includes foreign currency translation and pension adjustments.

The following tables summarize the changes in each component of accumulated other comprehensive loss during the periods presented (in millions):



	Foreign Currency Items			Defined Benefit Pension Plans			Accumulated Other Comprehensive Loss Items
Balance at August 31, 2019	$	(65.4	)	$	(86.0	)	$	(151.4	)
Other comprehensive income before reclassifications	1.9			—			1.9
Amounts reclassified from accumulated other comprehensive loss ⁽¹⁾	—			1.9			1.9
Net current period other comprehensive income	1.9			1.9			3.8
Balance at November 30, 2019	$	(63.5	)	$	(84.1	)	$	(147.6	)



	Foreign Currency Items			Defined Benefit Pension Plans			Accumulated Other Comprehensive Loss Items
Balance at August 31, 2018	$	(53.9	)	$	(60.9	)	$	(114.8	)
Other comprehensive (loss) income before reclassifications	(8.8		)	0.9			(7.9		)
Amounts reclassified from accumulated other comprehensive loss ⁽¹⁾	—			1.7			1.7
Net current period other comprehensive (loss) income	(8.8		)	2.6			(6.2		)
Balance at November 30, 2018	$	(62.7	)	$	(58.3	)	$	(121.0	)

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⁽¹⁾The before tax amounts of the defined benefit pension plan items are included in net periodic pension cost. See the Pension and Defined Contribution Plans footnote for additional details.

The following table summarizes the tax expense or benefit allocated to each component of other comprehensive loss for the periods presented (in millions):



	Three Months Ended
	November 30, 2019							November 30, 2018
	Before Tax Amount		Tax (Expense) Benefit			Net of Tax Amount		Before Tax Amount			Tax (Expense) Benefit			Net of Tax Amount
Foreign currency translation adjustments	$	1.9	$	—		$	1.9	$	(8.8	)	$	—		$	(8.8	)
Defined benefit pension plans:
Actuarial loss	—		—			—		1.3			(0.4		)	0.9
Amortization of defined benefit pension items:
Prior service cost	1.0		(0.2		)	0.8		0.8			(0.2		)	0.6
Actuarial losses	1.4		(0.3		)	1.1		1.1			(0.3		)	0.8
Settlement losses	—		—			—		0.4			(0.1		)	0.3
Total defined benefit pension plans, net	2.4		(0.5		)	1.9		3.6			(1.0		)	2.6
Other comprehensive income (loss)	$	4.3	$	(0.5	)	$	3.8	$	(5.2	)	$	(1.0	)	$	(6.2	)