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Segment Information | 12 Months Ended
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Aug. 31, 2022
Segment Reporting [Abstract] |
Segment Information | Segment Information We present our financial results of operations for our two reportable segments, ABL and ISG, consistent with how our chief operating decision maker evaluates operating results, assesses performance, and allocates resources within the Company. The accounting policies of our reportable segments are the same as those described in the Significant Accounting Policies footnote of the Notes to Consolidated Financial Statements. Corporate expenses that are primarily administrative in function and benefit the Company on an entity-wide basis are not allocated to our segments. These include expenses related to governance, policy setting, compliance, and certain other shared services functions. Additionally, we do not allocate net interest expense, net miscellaneous expense, special charges, or assets to our segments. Accordingly, this information is not used by the chief operating decision maker to make operating decisions and assess performance and is therefore excluded from our disclosures. 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, 2022: |  |  |  |  |  |  |  |  |
Net sales | $ | 3,810.1 |  |  | $ | 216.1 |  |  | $ | — |  |  | $ | (20.1) |  |  | $ | 4,006.1 |
Operating profit (loss) | 545.6 |  |  | 22.7 |  |  | (58.6) |  |  | — |  |  | 509.7 |
Depreciation and amortization | 79.3 |  |  | 14.4 |  |  | 1.1 |  |  | — |  |  | 94.8 |
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 |
____________________________ (1) This column represents intersegment sales. Profit on these sales eliminates within gross profit on a consolidated basis. The following table reconciles operating profit by segment to income before income taxes (in millions):
| Year Ended August 31, |  |
| 2022 |  | 2021 |  | 2020 |  |
Operating profit - ABL | $ | 545.6 |  |  | $ | 476.2 |  |  | $ | 425.8 |  |  |
Operating profit (loss) - ISG | 22.7 |  |  | 9.9 |  |  | (3.9) |  |  |
Unallocated corporate amounts | (58.6) |  |  | (58.5) |  |  | (68.0) |  |  |
Operating profit | 509.7 |  |  | 427.6 |  |  | 353.9 |  |  |
Interest expense, net | 24.9 |  |  | 23.2 |  |  | 23.3 |  |  |
Miscellaneous (income) expense, net | (9.1) |  |  | 8.2 |  |  | 5.9 |  |  |
Income before income taxes | $ | 493.9 |  |  | $ | 396.2 |  |  | $ | 324.7 |  |  |
Supplemental Disaggregated Information Sales of lighting, lighting controls, and building technology solutions, excluding services, accounted for approximately 99% of total consolidated net sales in fiscal 2022, 2021, and 2020. Our geographic distribution of net sales, operating profit, income before provision for income taxes, and long-lived assets is summarized in the following table during and as of the periods presented (in millions):
| Year Ended August 31,
| 2022 |  | 2021 |  | 2020
Net sales(1): |  |  |  |  |
Domestic(2) | $ | 3,486.4 |  |  | $ | 2,982.4 |  |  | $ | 2,925.0 |
International | 519.7 |  |  | 478.6 |  |  | 401.3 |
Total | $ | 4,006.1 |  |  | $ | 3,461.0 |  |  | $ | 3,326.3 |
Operating profit: |  |  |  |  |
Domestic(2) | $ | 428.3 |  |  | $ | 369.9 |  |  | $ | 300.6 |
International | 81.4 |  |  | 57.7 |  |  | 53.3 |
Total | $ | 509.7 |  |  | $ | 427.6 |  |  | $ | 353.9 |
Income before income taxes: |  |  |  |  |
Domestic(2) | $ | 409.6 |  |  | $ | 343.7 |  |  | $ | 274.2 |
International | 84.3 |  |  | 52.5 |  |  | 50.5 |
Total | $ | 493.9 |  |  | $ | 396.2 |  |  | $ | 324.7 |
Long-lived assets(3): |  |  |  |  |
Domestic(2) | $ | 325.9 |  |  | $ | 284.4 |  |  | $ | 298.6 |
International | 73.5 |  |  | 76.6 |  |  | 64.8 |
Total | $ | 399.4 |  |  | $ | 361.0 |  |  | $ | 363.4 |
_______________________________________ (1)Net sales are attributed to each country based on the selling location. (2)Domestic amounts include amounts for U.S. based operations. (3)Long-lived assets include net property, plant, and equipment, operating lease right-of-use assets, and other long-term assets as reflected in the Consolidated Balance Sheets.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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