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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Feb. 28, 2023
Feb. 28, 2022
Feb. 28, 2023
Feb. 28, 2022
Income Statement [Abstract]        
Net sales $ 943.6 $ 909.1 $ 1,941.5 $ 1,835.2
Cost of products sold 536.9 529.8 1,118.3 1,070.1
Gross profit 406.7 379.3 823.2 765.1
Selling, distribution, and administrative expenses 295.2 277.0 595.9 547.7
Special charges 0.0 0.0 6.9 0.0
Operating profit 111.5 102.3 220.4 217.4
Other expense:        
Interest expense, net 5.7 6.0 12.3 11.9
Miscellaneous (income) expense, net (3.7) (1.9) 5.4 (1.6)
Total other expense 2.0 4.1 17.7 10.3
Income before income taxes 109.5 98.2 202.7 207.1
Income tax expense 26.3 22.9 44.6 44.2
Net income $ 83.2 $ 75.3 $ 158.1 $ 162.9
Earnings per share        
Basic earnings per share (in dollars per share) [1] $ 2.60 $ 2.16 $ 4.91 $ 4.65
Basic weighted average number of shares outstanding (in shares) [1] 32,048 34,964 32,178 35,007
Diluted earnings per share (in dollars per share) [1] $ 2.57 $ 2.13 $ 4.86 $ 4.60
Diluted weighted average number of shares outstanding (in shares) [1] 32,386 35,364 32,545 35,444
Dividends declared per share (in dollars per share) [1] $ 0.13 $ 0.13 $ 0.26 $ 0.26
Comprehensive income:        
Net income $ 83.2 $ 75.3 $ 158.1 $ 162.9
Other comprehensive income (loss) items:        
Foreign currency translation adjustments (1.1) 4.8 (2.6) (7.1)
Defined benefit plans, net of tax 1.0 1.2 2.1 2.4
Other comprehensive (loss) income items, net of tax (0.1) 6.0 (0.5) (4.7)
Comprehensive income $ 83.1 $ 81.3 $ 157.6 $ 158.2
[1] Earnings per share is calculated using unrounded numbers. Amounts in the table may not recalculate exactly due to rounding.