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Earnings Per Share (Tables)
9 Months Ended
May 31, 2024
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table calculates basic earnings per common share and diluted earnings per common share for the periods presented (in millions, except per share data):
Three Months EndedNine Months Ended
May 31, 2024May 31, 2023May 31, 2024May 31, 2023
Net income$113.9 $105.0 $303.7 $263.1 
Basic weighted average shares outstanding30.829 31.682 30.905 32.006 
Common stock equivalents0.648 0.329 0.515 0.354 
Diluted weighted average shares outstanding31.477 32.011 31.420 32.360 
Basic earnings per share(1)
$3.70 $3.31 $9.83 $8.22 
Diluted earnings per share(1)
$3.62 $3.28 $9.67 $8.13 
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(1) Earnings per share is calculated using unrounded numbers. Amounts in the table may not recalculate exactly due to rounding.