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Comprehensive Income | 9 Months Ended
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May 31, 2024
Equity [Abstract] |
Comprehensive Income | Comprehensive Income Comprehensive income represents a measure of all changes in equity that result from recognized transactions and other economic events other than transactions with owners in their capacity as owners. Comprehensive income includes our net income as well as other comprehensive income (loss) items, which are comprised of foreign currency translation and pension adjustments. The following table presents the changes in each component of accumulated other comprehensive (loss) income net of tax during the periods presented (in millions):
| Foreign Currency Items |  | Defined Benefit Pension Plans |  | Accumulated Other Comprehensive Loss Items
Balance at August 31, 2023 | $ | (65.0) |  |  | $ | (47.6) |  |  | $ | (112.6) |
Other comprehensive loss before reclassifications | (1.1) |  |  | — |  |  | (1.1) |
Amounts reclassified from accumulated other comprehensive loss (1) | — |  |  | 1.8 |  |  | 1.8 |
Net current period other comprehensive (loss) income | (1.1) |  |  | 1.8 |  |  | 0.7 |
Balance at May 31, 2024 | $ | (66.1) |  |  | $ | (45.8) |  |  | $ | (111.9) |
| Foreign Currency Items |  | Defined Benefit Pension Plans |  | Accumulated Other Comprehensive Loss Items
Balance at August 31, 2022 | $ | (73.5) |  |  | $ | (52.3) |  |  | $ | (125.8) |
Other comprehensive loss before reclassifications | 2.6 |  |  | — |  |  | 2.6 |
Amounts reclassified from accumulated other comprehensive loss (1) | — |  |  | 3.2 |  |  | 3.2 |
Net current period other comprehensive income | 2.6 |  |  | 3.2 |  |  | 5.8 |
Balance at May 31, 2023 | $ | (70.9) |  |  | $ | (49.1) |  |  | $ | (120.0) |
_______________________________________ (1) The before tax amounts of the defined benefit pension plan items are included in net periodic pension cost. See the Pension and Defined Contribution Plans footnote of the Notes to Consolidated Financial Statements for additional details. The following table summarizes the tax expense or benefit allocated to each component of other comprehensive loss for the periods presented (in millions):
| Three Months Ended
| May 31, 2024 |  | May 31, 2023
| Before Tax Amount |  | Tax (Expense) Benefit |  | Net of Tax Amount |  | Before Tax Amount |  | Tax (Expense) Benefit |  | Net of Tax Amount
Foreign currency translation adjustments | $ | 0.3 |  |  | $ | — |  |  | $ | 0.3 |  |  | $ | 5.2 |  |  | $ | — |  |  | $ | 5.2 |
Defined benefit pension plans: |  |  |  |  |  |  |  |  |  |  |
Amortization of defined benefit pension items: |  |  |  |  |  |  |  |  |  |  |
Prior service cost | — |  |  | — |  |  | — |  |  | 0.7 |  |  | (0.2) |  |  | 0.5 |
Actuarial losses | 0.8 |  |  | (0.3) |  |  | 0.5 |  |  | 0.8 |  |  | (0.2) |  |  | 0.6 |
Total defined benefit pension plans, net | 0.8 |  |  | (0.3) |  |  | 0.5 |  |  | 1.5 |  |  | (0.4) |  |  | 1.1 |
Other comprehensive income (loss) | $ | 1.1 |  |  | $ | (0.3) |  |  | $ | 0.8 |  |  | $ | 6.7 |  |  | $ | (0.4) |  |  | $ | 6.3 |
| Nine Months Ended
| May 31, 2024 |  | May 31, 2023
| Before Tax Amount |  | Tax (Expense) Benefit |  | Net of Tax Amount |  | Before Tax Amount |  | Tax (Expense) Benefit |  | Net of Tax Amount
Foreign currency translation adjustments | $ | (1.1) |  |  | $ | — |  |  | $ | (1.1) |  |  | $ | 2.6 |  |  | $ | — |  |  | $ | 2.6 |
Defined benefit pension plans: |  |  |  |  |  |  |  |  |  |  |
Amortization of defined benefit pension items: |  |  |  |  |  |  |  |  |  |  |
Prior service cost | — |  |  | — |  |  | — |  |  | 2.0 |  |  | (0.5) |  |  | 1.5 |
Actuarial losses | 2.4 |  |  | (0.6) |  |  | 1.8 |  |  | 2.3 |  |  | (0.6) |  |  | 1.7 |
Total defined benefit pension plans, net | 2.4 |  |  | (0.6) |  |  | 1.8 |  |  | 4.3 |  |  | (1.1) |  |  | 3.2 |
Other comprehensive income (loss) | $ | 1.3 |  |  | $ | (0.6) |  |  | $ | 0.7 |  |  | $ | 6.9 |  |  | $ | (1.1) |  |  | $ | 5.8 |

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/220/tableOfContent + Details
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