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Significant Accounting Policies (Tables)
 12 Months Ended
Aug. 31, 2021
Accounting Policies [Abstract]  
Schedule of Inventory
Inventories include materials, direct labor, inbound freight, customs, duties, tariffs, and related manufacturing overhead, are stated at the lower of cost (on a first-in, first-out or average cost basis) and net realizable value, and consist of the following as of the dates presented (in millions):
 August 31,
 20212020
Raw materials, supplies, and work in process(1)
$209.5 $170.3 
Finished goods227.2 199.1 
Inventories excluding reserves436.7 369.4 
Less: Reserves(38.0)(49.3)
Total inventories$398.7 $320.1 
_______________________________________
(1)    Due to the immaterial amount of estimated work in process and the short lead times for the conversion of raw materials to finished goods, we do not believe the segregation of raw materials and work in process is meaningful information.
Schedule Of Inventory Reserve The following table summarizes the changes in our inventory reserves for the periods presented (in millions):
Year Ended August 31,
202120202019
Beginning balance$49.3 $22.3 $36.8 
Additions to reserve21.4 36.3 10.7 
Disposals of reserved inventory(32.7)(11.1)(25.1)
Foreign currency translation adjustments— 1.8 (0.1)
Ending balance$38.0 $49.3 $22.3 
Schedule of Goodwill
The changes in the carrying amount of goodwill during the periods presented by segment are summarized as follows (in millions):
ABLISGTotal
Balance as of August 31, 2019$907.2 $60.1 $967.3 
Additions from acquired businesses142.1 5.7 147.8 
Adjustments to provisional amounts from acquired businesses(41.9)0.4 (41.5)
Foreign currency translation adjustments5.2 1.2 6.4 
Balance as of August 31, 20201,012.6 67.4 1,080.0 
Additions from acquired businesses6.9 3.1 10.0 
Foreign currency translation adjustments2.7 2.0 4.7 
Balance as of August 31, 2021$1,022.2 $72.5 $1,094.7 
Schedule of Acquired Finite-Lived Intangible Assets
Summarized information for our acquired intangible assets is as follows as of the dates presented (in millions except amortization periods):
 August 31,
 20212020
Weighted Average Amortization Period in YearsGross Carrying
Amount		Accumulated
Amortization		Gross Carrying
Amount		Accumulated
Amortization
Definite-lived intangible assets:    
Patents and patented technology11$164.6 $(104.4)$163.6 $(89.5)
Trademarks and trade names2427.2 (17.1)27.2 (15.8)
Distribution network2861.8 (45.0)61.8 (42.8)
Customer relationships20429.2 (117.9)421.4 (94.3)
Total definite-lived intangible assets19$682.8 $(284.4)$674.0 $(242.4)
Indefinite-lived trade names$174.8  $174.3  
Schedule of Acquired Indefinite-Lived Intangible Assets
Summarized information for our acquired intangible assets is as follows as of the dates presented (in millions except amortization periods):
 August 31,
 20212020
Weighted Average Amortization Period in YearsGross Carrying
Amount		Accumulated
Amortization		Gross Carrying
Amount		Accumulated
Amortization
Definite-lived intangible assets:    
Patents and patented technology11$164.6 $(104.4)$163.6 $(89.5)
Trademarks and trade names2427.2 (17.1)27.2 (15.8)
Distribution network2861.8 (45.0)61.8 (42.8)
Customer relationships20429.2 (117.9)421.4 (94.3)
Total definite-lived intangible assets19$682.8 $(284.4)$674.0 $(242.4)
Indefinite-lived trade names$174.8  $174.3  
Schedule of Other Long-Term Assets
Other long-term assets consist of the following as of the dates presented (in millions):
 August 31,
 20212020
Deferred contract costs(1)
$12.9 $12.3 
Investments in debt and equity securities5.3 6.0 
Pensions plans in which plan assets exceed benefit obligation13.0 — 
Tax credits(2)
— 8.6 
Other(3)
2.7 2.6 
Total other long-term assets$33.9 $29.5 
_______________________________________
(1)Amount includes costs incurred whose economic benefit will be realized greater than one year from August 31, 2021.
(2)Amount represents research and development tax credit receivables related to certain amended prior year tax returns.
(3)Included within this category are company-owned life insurance investments. We maintain life insurance policies on 62 former employees primarily to satisfy obligations under certain deferred compensation plans. These company-owned life insurance policies are presented net of loans that are secured by these policies. This program is frozen, and no new policies were issued in the three-year period ended August 31, 2021.
Schedule of Other Current Liabilities
Other current liabilities consist of the following as of the dates presented (in millions):
 August 31,
 20212020
Customer incentive programs(1)
$33.9 $27.7 
Refunds to customers(1)
28.1 31.0 
Current deferred revenues(1)
7.7 5.4 
Sales commissions28.9 26.5 
Freight costs17.6 11.7 
Warranty and recall costs(2)
16.8 13.8 
Tax-related items(3)
11.7 12.7 
Interest on long-term debt(4)
2.4 1.0 
Other42.4 30.8 
Total other current liabilities$189.5 $160.6 
____________________________________
(1)Refer to the Revenue Recognition footnote of the Notes to Consolidated Financial Statements for additional information.
(2)Refer to the Commitments and Contingencies footnote of the Notes to Consolidated Financial Statements for additional information.
(3)Includes accruals for income, property, sales and use, and value added taxes.
(4)Refer to the Debt and Lines of Credit footnote of the Notes to Consolidated Financial Statements for additional information.
Schedule of Other Long-Term Liabilities
Other long-term liabilities consist of the following as of the dates presented (in millions):
 August 31,
 20212020
Deferred compensation and postretirement benefits other than pensions(1)
$43.1 $42.7 
Deferred revenues(2)
56.7 53.6 
Unrecognized tax position liabilities, including interest(3)
19.7 18.9 
Self-insurance liabilities(4)
3.9 6.5 
Product warranty and recall costs(4)
3.5 2.3 
Other9.3 2.5 
Total other long-term liabilities$136.2 $126.5 
____________________________________
(1)We maintain several non-qualified retirement plans for the benefit of eligible employees, primarily deferred compensation plans. The deferred compensation plans provide for elective deferrals of an eligible employee’s compensation and, in some cases, matching contributions by the organization. In addition, one plan provides an automatic contribution of 3% of an eligible employee’s compensation. We maintain life insurance policies on certain former officers and other key employees as a means of satisfying a portion of these obligations.
(2)Refer to the Revenue Recognition footnote of the Notes to Consolidated Financial Statements for additional information.
(3)Refer to the Income Taxes footnote of the Notes to Consolidated Financial Statements for additional information.
(4)Refer to the Commitments and Contingencies footnote of the Notes to Consolidated Financial Statements for additional information.
Property, Plant and Equipment The balance in property, plant, and equipment consisted of the following as of the dates presented (in millions):
August 31,
 20212020
Land$22.4 $22.2 
Buildings and leasehold improvements198.0 192.2 
Machinery and equipment624.9 588.4 
Total property, plant, and equipment, at cost845.3 802.8 
Less: Accumulated depreciation and amortization(576.2)(532.3)
Property, plant, and equipment, net$269.1 $270.5 
Schedule of Interest Expense, Net
The following table summarizes the components of Interest expense, net during the periods presented (in millions):
 Year Ended August 31,
 202120202019
Interest expense$24.2 $26.4 $36.4 
Interest income(1.0)(3.1)(3.1)
Interest expense, net$23.2 $23.3 $33.3 
Schedule of Accumulated Other Comprehensive Loss
The following table presents the changes in each component of accumulated other comprehensive loss net of tax during the periods presented (in millions):
 Foreign Currency Items Defined Benefit Pension Plans Accumulated Other Comprehensive Loss Items
Balance as of August 31, 2019$(65.4)$(86.0)$(151.4)
Other comprehensive income (loss) before reclassifications11.9 (0.6)11.3 
Amounts reclassified from accumulated other comprehensive loss (1)
— 7.4 7.4 
Net current period other comprehensive income11.9 6.8 18.7 
Balance as of August 31, 2020(53.5)(79.2)(132.7)
Other comprehensive income before reclassifications13.3 13.9 27.2 
Amounts reclassified from accumulated other comprehensive loss (1)
— 7.3 7.3 
Net current period other comprehensive income13.3 21.2 34.5 
Balance as of August 31, 2021$(40.2)$(58.0)$(98.2)
_______________________________________
(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.
Schedule of Comprehensive Income (Loss)
The following table presents the tax expense or benefit allocated to each component of other comprehensive income (loss) during the periods presented (in millions):
Year Ended August 31,
202120202019
 Before Tax Amount Tax (Expense) or Benefit Net of Tax Amount Before Tax Amount Tax (Expense) or Benefit Net of Tax Amount Before Tax Amount Tax (Expense) or Benefit Net of Tax Amount
Foreign currency translation adjustments$13.3 $— $13.3 $11.9 $— $11.9 $(11.5)$— $(11.5)
Defined benefit pension plans:
Tax adjustments— (3.2)(3.2)— — — — — — 
Actuarial gains (losses)17.5 (3.6)13.9 (0.7)0.1 (0.6)(40.8)9.7 (31.1)
Amortization of defined benefit pension items:
Prior service cost2.9 (0.6)2.3 4.0 (0.9)3.1 3.5 (0.9)2.6 
Actuarial losses5.5 (1.2)4.3 5.6 (1.3)4.3 4.1 (1.0)3.1 
Settlement losses3.9 — 3.9 — — — 0.4 (0.1)0.3 
Total defined benefit plans, net29.8 (8.6)21.2 8.9 (2.1)6.8 (32.8)7.7 (25.1)
Other comprehensive income (loss)$43.1 $(8.6)$34.5 $20.8 $(2.1)$18.7 $(44.3)$7.7 $(36.6)