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Segment Information
 3 Months Ended
Nov. 30, 2022
Segment Reporting [Abstract]  
Segment Information Segment Information
We report our financial results of operations in two reportable segments, ABL and ISG, consistent with how our chief operating decision maker currently 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 within our Form 10-K. 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. Beginning in fiscal 2023, we now allocate special charges to operating segment information presented to the chief operating decision maker on a prospective basis. Special charges during the three months ended November 30, 2022 of $6.9 million pertained to the ABL segment. We recorded no special charges during fiscal 2022.
The following table presents financial information by operating segment for the periods presented (in millions):
ABLISGCorporate
Eliminations(1)
Total
Three Months Ended November 30, 2022
Net sales$947.1 $56.8 $— $(6.0)$997.9 
Operating profit (loss)118.1 7.7 (16.9)— 108.9 
Depreciation and amortization22.7 3.5 0.3 — 26.5 
Three Months Ended November 30, 2021
Net sales$883.6 $46.4 $— $(3.9)$926.1 
Operating profit (loss)128.1 2.0 (15.0)— 115.1 
Depreciation and amortization20.4 3.6 0.3 — 24.3 
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(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):
Three Months Ended
November 30, 2022November 30, 2021
Operating profit - ABL$118.1 $128.1 
Operating profit - ISG7.7 2.0 
Unallocated corporate amounts(16.9)(15.0)
Operating profit108.9 115.1 
Interest expense, net6.6 5.9 
Miscellaneous expense, net9.1 0.3 
Income before income taxes$93.2 $108.9