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Consolidated Balance Sheets - USD ($)
$ in Millions
May 31, 2021
Aug. 31, 2020
Current assets:    
Cash and cash equivalents $ 593.5 $ 560.7
Accounts receivable, less reserve for doubtful accounts of $2.1 and $2.6, respectively 509.0 500.3
Inventories 370.0 320.1
Prepayments and other current assets 66.0 58.6
Total current assets 1,538.5 1,439.7
Property, plant, and equipment, net 259.7 270.5
Operating lease right-of-use assets 60.2 63.4
Goodwill 1,096.2 1,080.0
Intangible assets, net 580.1 605.9
Deferred income taxes 2.5 2.7
Other long-term assets 23.1 29.5
Total assets 3,560.3 3,491.7
Current liabilities:    
Accounts payable 380.4 326.5
Current maturities of debt 4.0 24.3
Current operating lease liabilities 16.4 17.2
Accrued compensation 105.0 85.4
Other accrued liabilities 165.6 164.2
Total current liabilities 671.4 617.6
Long-term debt 494.2 376.8
Long-term operating lease liabilities 48.4 56.8
Accrued pension liabilities 67.3 91.6
Deferred income taxes 103.3 94.9
Self-insurance reserves 6.4 6.5
Other long-term liabilities 130.2 120.0
Total liabilities 1,521.2 1,364.2
Commitments and contingencies
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; 54,004,441 and 53,885,165 issued, respectively 0.5 0.5
Paid-in capital 985.1 963.6
Retained earnings 2,717.0 2,523.3
Accumulated other comprehensive loss (97.4) (132.7)
Treasury stock, at cost — 18,265,031 and 15,012,449 shares, respectively (1,566.1) (1,227.2)
Total stockholders’ equity 2,039.1 2,127.5
Total liabilities and stockholders’ equity $ 3,560.3 $ 3,491.7
Preferred Stock, Shares Issued 0 0