Share-based Payments

3 Months Ended

Nov. 30, 2023

Share-Based Payment Arrangement [Abstract]

We account for share-based payments through the measurement and recognition of compensation expense for share-based payment awards made to employees and directors over the related requisite service period, including restricted stock, performance stock units, and stock options (all part of our equity incentive plan), as well as stock units representing certain deferrals into our director deferred compensation plan or our supplemental deferred savings plan.

The following table presents share-based payment expense for the periods presented (in millions):


	Three Months Ended
	November 30, 2023		November 30, 2022
Share-based payment expense	$	11.1	$	10.7

We recognized excess tax benefits of $1.5 million and $1.3 million related to share-based payment awards during the three months ended November 30, 2023 and 2022, respectively.

Further details regarding our share-based payments are included within the Share-based Payments footnote of the Notes to Consolidated Financial Statements within our Form 10-K.