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Segment Information (Tables) | 9 Months Ended
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May 31, 2022
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 |  |  |  |  |  |  |  |  |  |
Three Months Ended May 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 1,008.4 |  |  | $ | 58.3 |  |  | $ | — |  |  | $ | (6.1) |  |  | $ | 1,060.6 |  |  |  |  |  |  |  |  |  |  |
Operating profit (loss) | 149.6 |  |  | 9.2 |  |  | (16.1) |  |  | — |  |  | 142.7 |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization | 19.6 |  |  | 3.6 |  |  | 0.3 |  |  | — |  |  | 23.5 |  |  |  |  |  |  |  |  |  |  |
Three Months Ended May 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 850.0 |  |  | $ | 55.4 |  |  | $ | — |  |  | $ | (5.7) |  |  | $ | 899.7 |  |  |  |  |  |  |  |  |  |  |
Operating profit (loss) | 126.5 |  |  | 7.2 |  |  | (15.6) |  |  | — |  |  | 118.1 |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization | 21.0 |  |  | 3.7 |  |  | 0.3 |  |  | — |  |  | 25.0 |  |  |  |  |  |  |  |  |  |  |
Nine Months Ended May 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 2,755.1 |  |  | $ | 154.7 |  |  | $ | — |  |  | $ | (14.0) |  |  | $ | 2,895.8 |  |  |  |  |  |  |  |  |  |  |
Operating profit (loss) | 394.2 |  |  | 12.4 |  |  | (46.5) |  |  | — |  |  | 360.1 |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization | 59.8 |  |  | 10.8 |  |  | 0.8 |  |  | — |  |  | 71.4 |  |  |  |  |  |  |  |  |  |  |
Nine Months Ended May 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 2,340.4 |  |  | $ | 139.5 |  |  | $ | — |  |  | $ | (11.6) |  |  | $ | 2,468.3 |  |  |  |  |  |  |  |  |  |  |
Operating profit (loss) | 326.9 |  |  | 7.9 |  |  | (40.0) |  |  | — |  |  | 294.8 |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization | 63.2 |  |  | 11.0 |  |  | 0.8 |  |  | — |  |  | 75.0 |  |  |  |  |  |  |  |  |  |  |
____________________________ (1) This column represents intersegment sales. Profit on these sales eliminates within gross profit on a consolidated basis.
Schedule of Reconciliation of Operating Profit (Loss) from Segments to Consolidated | The following table reconciles operating profit by segment to income before income taxes (in millions):
| Three Months Ended |  | Nine Months Ended
| May 31, 2022 |  | May 31, 2021 |  | May 31, 2022 |  | May 31, 2021
Operating profit - ABL | $ | 149.6 |  |  | $ | 126.5 |  |  | $ | 394.2 |  |  | $ | 326.9 |
Operating profit - ISG | 9.2 |  |  | 7.2 |  |  | 12.4 |  |  | 7.9 |
Unallocated corporate amounts | (16.1) |  |  | (15.6) |  |  | (46.5) |  |  | (40.0) |
Operating profit | 142.7 |  |  | 118.1 |  |  | 360.1 |  |  | 294.8 |
Interest expense, net | 6.2 |  |  | 6.2 |  |  | 18.1 |  |  | 17.7 |
Miscellaneous (income) expense, net | (1.5) |  |  | 2.7 |  |  | (3.1) |  |  | 6.5 |
Income before income taxes | $ | 138.0 |  |  | $ | 109.2 |  |  | $ | 345.1 |  |  | $ | 270.6 |

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- 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -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 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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