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Consolidated Balance Sheets - USD ($)
$ in Millions
Aug. 31, 2022
Aug. 31, 2021
Current assets:    
Cash and cash equivalents $ 223.2 $ 491.3
Accounts receivable, less reserve for doubtful accounts of $1.2 and $1.2, respectively 665.9 571.8
Inventories 485.7 398.7
Prepayments and other current assets 91.2 82.5
Total current assets 1,466.0 1,544.3
Property, plant, and equipment, net 276.5 269.1
Operating lease right-of-use assets 74.9 58.0
Goodwill 1,084.3 1,094.7
Intangible assets, net 529.2 573.2
Deferred income taxes 1.3 1.9
Other long-term assets 48.0 33.9
Total assets 3,480.2 3,575.1
Current liabilities:    
Accounts payable 397.8 391.5
Current maturities of debt 18.0 0.0
Current operating lease liabilities 15.7 15.9
Accrued compensation 88.0 95.3
Other accrued liabilities 214.1 189.5
Total current liabilities 733.6 692.2
Long-term debt 495.0 494.3
Long-term operating lease liabilities 67.4 46.7
Accrued pension liabilities 41.4 60.2
Deferred income taxes 102.1 101.0
Other long-term liabilities 128.9 136.2
Total liabilities 1,568.4 1,530.6
Commitments and contingencies (see Commitments and Contingencies footnote)
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; 54,241,069 and 54,018,978 issued, respectively 0.5 0.5
Paid-in capital 1,036.3 995.6
Retained earnings 3,176.2 2,810.3
Accumulated other comprehensive loss (125.8) (98.2)
Treasury stock, at cost — 21,753,820 and 18,826,611 shares, respectively (2,175.4) (1,663.7)
Total stockholders’ equity 1,911.8 2,044.5
Total liabilities and stockholders’ equity $ 3,480.2 $ 3,575.1