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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
May 31, 2024
May 31, 2023
May 31, 2024
May 31, 2023
Income Statement [Abstract]        
Net sales $ 968.1 $ 1,000.3 $ 2,808.7 $ 2,941.8
Cost of products sold 515.9 553.0 1,515.7 1,671.3
Gross profit 452.2 447.3 1,293.0 1,270.5
Selling, distribution, and administrative expenses 306.9 304.0 896.7 899.9
Special charges 0.0 0.0 0.0 6.9
Operating profit 145.3 143.3 396.3 363.7
Other (income) expense:        
Interest (income) expense, net (1.8) 3.9 (1.0) 16.2
Miscellaneous (income) expense, net (0.5) 0.7 1.2 6.1
Total other (income) expense (2.3) 4.6 0.2 22.3
Income before income taxes 147.6 138.7 396.1 341.4
Income tax expense 33.7 33.7 92.4 78.3
Net income $ 113.9 $ 105.0 $ 303.7 $ 263.1
Earnings per share        
Basic earnings per share (in dollars per share) [1] $ 3.70 $ 3.31 $ 9.83 $ 8.22
Basic weighted average number of shares outstanding (in shares) [1] 30,829 31,682 30,905 32,006
Diluted earnings per share (in dollars per share) [1] $ 3.62 $ 3.28 $ 9.67 $ 8.13
Diluted weighted average number of shares outstanding (in shares) [1] 31,477 32,011 31,420 32,360
Dividends declared per share (in dollars per share) [1] $ 0.15 $ 0.13 $ 0.43 $ 0.39
Comprehensive income:        
Net income $ 113.9 $ 105.0 $ 303.7 $ 263.1
Other comprehensive income (loss) items:        
Foreign currency translation adjustments 0.3 5.2 (1.1) 2.6
Defined benefit plans, net of tax 0.5 1.1 1.8 3.2
Other comprehensive income items, net of tax 0.8 6.3 0.7 5.8
Comprehensive income $ 114.7 $ 111.3 $ 304.4 $ 268.9
[1] Earnings per share is calculated using unrounded numbers. Amounts in the table may not recalculate exactly due to rounding.