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Goodwill and Intangible Assets | 6 Months Ended
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Feb. 28, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets Through multiple acquisitions, we have acquired definite-lived intangible assets consisting primarily of trademarks and trade names associated with specific products, distribution networks, patented technology, non-compete agreements, and customer relationships, which are amortized over their estimated useful lives. Indefinite-lived intangible assets consist of trade names that are expected to generate cash flows indefinitely. We recorded amortization expense of $10.1 million and $10.4 million during the three months ended February 28, 2021 and February 29, 2020, respectively, and $20.2 million and $20.0 million during the six months ended February 28, 2021 and February 29, 2020, respectively. Amortization expense is generally recorded on a straight-line basis and is expected to be approximately $40.7 million in fiscal 2021, $40.6 million in fiscal 2022, $40.3 million in fiscal 2023, $40.1 million in fiscal 2024, and $33.3 million in fiscal 2025. The following table summarizes the changes in the carrying amount of goodwill during the periods presented (in millions):
| Six Months Ended
| February 28, 2021 |  | February 29, 2020
Beginning balance | $ | 1,080.0 |  |  | $ | 967.3 |
Provisional additions from acquired businesses | — |  |  | 147.8 |
Adjustments to provisional amounts from acquired businesses | — |  |  | (23.9) |
Foreign currency translation adjustments | 4.2 |  |  | (1.6) |
Ending balance | $ | 1,084.2 |  |  | $ | 1,089.6 |
Further discussion of goodwill and other intangible assets is included within the Significant Accounting Policies footnote of the Notes to Consolidated Financial Statements within our Form 10-K.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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