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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
May 31, 2023
May 31, 2022
May 31, 2023
May 31, 2022
Income Statement [Abstract]        
Net sales $ 1,000.3 $ 1,060.6 $ 2,941.8 $ 2,895.8
Cost of products sold 553.0 615.5 1,671.3 1,685.6
Gross profit 447.3 445.1 1,270.5 1,210.2
Selling, distribution, and administrative expenses 304.0 302.4 899.9 850.1
Special charges 0.0 0.0 6.9 0.0
Operating profit 143.3 142.7 363.7 360.1
Other expense:        
Interest expense, net 3.9 6.2 16.2 18.1
Miscellaneous expense (income), net 0.7 (1.5) 6.1 (3.1)
Total other expense 4.6 4.7 22.3 15.0
Income before income taxes 138.7 138.0 341.4 345.1
Income tax expense 33.7 32.3 78.3 76.5
Net income $ 105.0 $ 105.7 $ 263.1 $ 268.6
Earnings per share        
Basic earnings per share (in dollars per share) [1] $ 3.31 $ 3.10 $ 8.22 $ 7.75
Basic weighted average number of shares outstanding (in shares) [1] 31,682 34,079 32,006 34,659
Diluted earnings per share (in dollars per share) [1] $ 3.28 $ 3.07 $ 8.13 $ 7.66
Diluted weighted average number of shares outstanding (in shares) [1] 32,011 34,440 32,360 35,067
Dividends declared per share (in dollars per share) [1] $ 0.13 $ 0.13 $ 0.39 $ 0.39
Comprehensive income:        
Net income $ 105.0 $ 105.7 $ 263.1 $ 268.6
Other comprehensive income (loss) items:        
Foreign currency translation adjustments 5.2 (1.8) 2.6 (8.9)
Defined benefit plans, net of tax 1.1 1.2 3.2 3.6
Other comprehensive income (loss) items, net of tax 6.3 (0.6) 5.8 (5.3)
Comprehensive income $ 111.3 $ 105.1 $ 268.9 $ 263.3
[1] Earnings per share is calculated using unrounded numbers. Amounts in the table may not recalculate exactly due to rounding.