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Segment Information (Tables)

12 Months Ended

Aug. 31, 2021

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following table presents financial information by operating segment for the periods presented (in millions):

			ABL						ISG						Corporate						Eliminations(1)						Total
Year Ended August 31, 2021:
Net sales			$	3,287.3					$	190.0					$	—					$	(16.3)					$	3,461.0
Operating profit (loss)			476.2						9.9						(58.5)						—						427.6
Depreciation and amortization			84.3						14.7						1.1						—						100.1
Year Ended August 31, 2020:
Net sales			$	3,180.9					$	157.0					$	—					$	(11.6)					$	3,326.3
Operating profit (loss)			425.8						(3.9)						(68.0)						—						353.9
Depreciation and amortization			83.7						16.3						1.1						—						101.1
Year Ended August 31, 2019:
Net sales			$	3,548.4					$	137.5					$	—					$	(13.2)					$	3,672.7
Operating profit (loss)			510.2						(18.1)						(29.2)						—						462.9
Depreciation and amortization			72.6						14.6						1.1						—						88.3

____________________________

(1) This column represents intersegment sales. Profit on these sales eliminates within gross profit on a consolidated basis.

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

The following table reconciles operating profit by segment to income before income taxes (in millions):

			Year Ended August 31,
			2021						2020						2019
Operating profit - ABL			$	476.2					$	425.8					$	510.2
Operating profit (loss) - ISG			9.9						(3.9)						(18.1)
Unallocated corporate amounts			(58.5)						(68.0)						(29.2)
Operating profit			427.6						353.9						462.9
Interest expense, net			23.2						23.3						33.3
Miscellaneous expense, net			8.2						5.9						4.7
Income before income taxes			$	396.2					$	324.7					$	424.9

X

- Definition

Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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