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Consolidated Balance Sheets - USD ($)
$ in Millions
Aug. 31, 2021
Aug. 31, 2020
Current assets:    
Cash and cash equivalents $ 491.3 $ 560.7
Accounts receivable, less reserve for doubtful accounts of $1.2 and $2.6, respectively 571.8 500.3
Inventories 398.7 320.1
Prepayments and other current assets 82.5 58.6
Total current assets 1,544.3 1,439.7
Property, plant, and equipment, net 269.1 270.5
Operating lease right-of-use assets 58.0 63.4
Goodwill 1,094.7 1,080.0
Intangible assets, net 573.2 605.9
Deferred income taxes 1.9 2.7
Other long-term assets 33.9 29.5
Total assets 3,575.1 3,491.7
Current liabilities:    
Accounts payable 391.5 326.5
Current maturities of debt 0.0 24.3
Current operating lease liabilities 15.9 17.2
Accrued compensation 95.3 89.0
Other accrued liabilities 189.5 160.6
Total current liabilities 692.2 617.6
Long-term debt 494.3 376.8
Long-term operating lease liabilities 46.7 56.8
Accrued pension liabilities 60.2 91.6
Deferred income taxes 101.0 94.9
Other long-term liabilities 136.2 126.5
Total liabilities 1,530.6 1,364.2
Commitments and contingencies (see Commitments and Contingencies footnote)
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; 54,018,978 and 53,885,165 issued, respectively 0.5 0.5
Paid-in capital 995.6 963.6
Retained earnings 2,810.3 2,523.3
Accumulated other comprehensive loss (98.2) (132.7)
Treasury stock, at cost — 18,826,611 and 15,012,449 shares, respectively (1,663.7) (1,227.2)
Total stockholders’ equity 2,044.5 2,127.5
Total liabilities and stockholders’ equity $ 3,575.1 $ 3,491.7