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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
May 31, 2023
Aug. 31, 2022
Current assets:    
Cash and cash equivalents $ 359.3 $ 223.2
Accounts receivable, less reserve for doubtful accounts of $1.3 and $1.2, respectively 545.0 665.9
Inventories 400.5 485.7
Prepayments and other current assets 103.6 91.2
Total current assets 1,408.4 1,466.0
Property, plant, and equipment, net 290.4 276.5
Operating lease right-of-use assets 84.8 74.9
Goodwill 1,096.7 1,084.3
Intangible assets, net 504.9 529.2
Deferred income taxes 1.3 1.3
Other long-term assets 52.4 48.0
Total assets 3,438.9 3,480.2
Current liabilities:    
Accounts payable 344.3 397.8
Current maturities of debt 0.0 18.0
Current operating lease liabilities 19.2 15.7
Accrued compensation 83.1 88.0
Other current liabilities 177.6 214.1
Total current liabilities 624.2 733.6
Long-term debt 495.4 495.0
Long-term operating lease liabilities 78.0 67.4
Accrued pension liabilities 41.9 41.4
Deferred income taxes 103.2 102.1
Other long-term liabilities 126.4 128.9
Total liabilities 1,469.1 1,568.4
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; 54,400,920 and 54,241,069 issued, respectively 0.5 0.5
Paid-in capital 1,056.9 1,036.3
Retained earnings 3,426.6 3,176.2
Accumulated other comprehensive loss (120.0) (125.8)
Treasury stock, at cost, of 23,055,460 and 21,753,820 shares, respectively (2,394.2) (2,175.4)
Total stockholders’ equity 1,969.8 1,911.8
Total liabilities and stockholders’ equity $ 3,438.9 $ 3,480.2