XML 50 R38.htm IDEA: XBRL DOCUMENT v3.23.1

Segment Information (Tables)

6 Months Ended

Feb. 28, 2023

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 February 28, 2023
Net sales			$	890.8					$	58.2					$	—					$	(5.4)					$	943.6
Operating profit (loss)			123.6						6.3						(18.4)						—						111.5
Depreciation and amortization			18.2						3.5						0.3						—						22.0
Three Months Ended February 28, 2022
Net sales			$	863.1					$	50.0					$	—					$	(4.0)					$	909.1
Operating profit (loss)			116.5						1.2						(15.4)						—						102.3
Depreciation and amortization			19.8						3.6						0.2						—						23.6
Six Months Ended February 28, 2023
Net sales			$	1,837.9					$	115.0					$	—					$	(11.4)					$	1,941.5
Operating profit (loss)			241.7						14.0						(35.3)						—						220.4
Depreciation and amortization			40.9						7.0						0.6						—						48.5
Six Months Ended February 28, 2022
Net sales			$	1,746.7					$	96.4					$	—					$	(7.9)					$	1,835.2
Operating profit (loss)			244.6						3.2						(30.4)						—						217.4
Depreciation and amortization			40.2						7.2						0.5						—						47.9

____________________________

(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												Six Months Ended
			February 28, 2023						February 28, 2022						February 28, 2023						February 28, 2022
Operating profit - ABL			$	123.6					$	116.5					$	241.7					$	244.6
Operating profit - ISG			6.3						1.2						14.0						3.2
Unallocated corporate amounts			(18.4)						(15.4)						(35.3)						(30.4)
Operating profit			111.5						102.3						220.4						217.4
Interest expense, net			5.7						6.0						12.3						11.9
Miscellaneous (income) expense, net			(3.7)						(1.9)						5.4						(1.6)
Income before income taxes			$	109.5					$	98.2					$	202.7					$	207.1

X

- 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

Name:	us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration