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Segment Information
 12 Months Ended
Aug. 31, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
We present our financial results of operations for our two reportable segments, ABL and AIS, consistent with how our CODM, Neil Ashe, Chairman, President and Chief Executive Officer, evaluates operating results, assesses performance, and allocates resources within the Company. See Description of Business and Basis of Presentation footnote of the Notes to Consolidated Financial Statements for further details on how we identify our reportable segments.
For both segments, our CODM uses segment operating profit as the measurement of segment profit to allocate resources and assess performance. Our CODM considers target-to-actual differences in operating profit when making decisions on how to allocate capital and resources. Additionally, he considers segment operating profit when evaluating employee compensation and personnel allocations.
We allocate certain working capital assets and capital expenditures to our segments primarily to assess each segment's contribution to our consolidated operating cash flows and capital expenditures. Segment assets include accounts receivable and inventory. Unallocated assets are presented in corporate as a reconciling item to our total consolidated assets.
The accounting policies of our reportable segments are the same as those described in the Significant Accounting Policies footnote of the Notes to Consolidated Financial Statements. Corporate expenses that are primarily administrative in function and benefit the Company on an entity-wide basis are not allocated to segments. These include expenses related to governance, policy setting, compliance, and certain other shared services functions. Additionally, net interest expense (income), net miscellaneous expense, and income tax expense are not allocated to segments.
The following table presents financial information by operating segment for the periods presented (in millions):
Year Ended August 31, 2025
ABLAISCorporateEliminationsTotal
Net sales$3,612.2 $764.3 $— $(30.9)$4,345.6 
Cost of goods sold1,957.7 340.3 — (30.9)2,267.1 
Selling, distribution, and administrative expenses1,034.2 347.9 102.8 — 1,484.9 
Special charges29.7 — — — 29.7 
Operating profit$590.6 $76.1 $(102.8)$— 563.9 
Interest expense, net22.0 
Miscellaneous expense, net41.7 
Income before income taxes$500.2 
Supplemental Information:
Depreciation and amortization$71.0 $59.7 $2.4 $— $133.1 
Segment assets906.1 214.5 3,634.6 — 4,755.2 
Capital expenditures55.1 10.4 2.9 — 68.4 
Year Ended August 31, 2024
ABLAISCorporateEliminationsTotal
Net sales$3,573.4 $291.9 $— $(24.3)$3,841.0 
Cost of goods sold1,960.9 122.7 — (24.3)2,059.3 
Selling, distribution, and administrative expenses1,029.7 125.6 73.1 — 1,228.4 
Operating profit$582.8 $43.6 $(73.1)$— 553.3 
Interest income, net(4.5)
Miscellaneous expense, net9.2 
Income before income taxes$548.6 
Supplemental Information:
Depreciation and amortization$74.7 $15.3 $1.1 $— $91.1 
Segment assets883.9 67.6 2,863.1 — 3,814.6 
Capital expenditures55.1 3.6 5.3 — 64.0 
Year Ended August 31, 2023
ABLAISCorporateEliminationsTotal
Net sales$3,722.8 $252.7 $— $(23.3)$3,952.2 
Cost of goods sold2,152.5 109.8 — (23.3)2,239.0 
Selling, distribution, and administrative expenses1,035.8 110.8 66.3 — 1,212.9 
Special charges25.0 — 1.9 — 26.9 
Operating profit$509.5 $32.1 $(68.2)$— 473.4 
Interest expense, net18.9 
Miscellaneous expense, net7.8 
Income before income taxes$446.7 
Supplemental Information:
Depreciation and amortization$77.4 $14.4 $1.4 $— $93.2 
Segment assets870.4 53.7 2,484.4 — 3,408.5 
Capital expenditures60.2 3.5 3.0 — 66.7 
Supplemental Disaggregated Information
Sales of lighting, lighting controls, building management solutions, and audio, video, and control solutions, excluding services accounted for approximately 99% of total consolidated net sales in fiscal 2025, 2024, and 2023. Our geographic distribution of net sales, operating profit, income before income taxes, and long-lived assets is summarized in the following table during and as of the periods presented (in millions):
Year Ended August 31,
202520242023
Net sales(1):
   
Domestic(2)
$3,756.7 $3,262.9 $3,412.9 
International588.9 578.1 539.3 
Total net sales$4,345.6 $3,841.0 $3,952.2 
Long-lived assets(3):
  
Domestic(2)
$359.9 $295.7 $323.8 
International125.9 105.9 107.4 
Total long-lived assets$485.8 $401.6 $431.2 
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(1)Net sales are attributed to each country based on the selling location.
(2)Domestic amounts include amounts for U.S. based operations.
(3)Long-lived assets include net property, plant, and equipment, operating lease right-of-use assets, and other long-term assets as reflected in the Consolidated Balance Sheets.