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Acquisitions and Divestitures (Tables)
 12 Months Ended
Aug. 31, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Fair Values of Assets and Liabilities
The following table outlines the preliminary fair values of the assets and liabilities obtained in connection with the QSC acquisition as of January 1, 2025 (in millions):
Purchase Price Allocation
Consideration transferred:
Cash consideration$1,240.7 
Identifiable assets:
Intangible assets713.9 
Inventories101.9 
Property, plant, and equipment28.4 
Operating lease right-of-use assets24.2 
Accounts receivable55.7 
Cash and cash equivalents51.3 
Other assets45.8 
Total identifiable assets1,021.2 
Liabilities assumed:
Accounts payable32.6 
Operating lease liabilities 24.2 
Deferred tax liabilities17.6 
Other liabilities100.7 
Total liabilities assumed175.1 
Total identifiable net assets846.1 
Goodwill$394.6 
Schedule of Fair Values and Estimated Useful Lives of Identifiable Intangible Assets
The estimated fair values and estimated useful lives of identifiable intangible assets as of January 1, 2025 are as follows:
Weighted Average Useful Life (Years)Fair Value
(in millions)
Developed technology and patents(1)
10$434.0 
Customer relationships19145.0 
Trademarks18133.0 
Other11.9 
Total identifiable intangible assets13$713.9 
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(1) Substantially all of the the developed technology intangible assets relates to Q-SYS, an audio, video, and control platform.
Schedule of the Amount of Net Sales and Net Income The following table provides the amount of QSC net sales and net income included within our consolidated financial statements since the acquisition date (in millions):
Year Ended
August 31, 2025
Net sales$428.6 
Net income(1)
14.4 
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(1) Net income for the year ended August 31, 2025 includes preliminary pre-tax nonrecurring acquisition date fair value adjustments to inventory of $29.6 million and amortization of acquired intangible assets of $42.1 million
Schedule of Business Acquisition, Pro Forma Information Amounts in the table below combine our previously reported results with QSC’s results for the corresponding periods as well as adjustments for purchase accounting, accounting policy alignments, changes to our capital structure, including additional interest expense associated with borrowings to fund the acquisition, and other nonrecurring items that were incurred in connection with the acquisition, assuming they occurred as of September 1, 2023 (in millions):
Year Ended August 31,
20252024
Revenue$4,546.3 $4,376.1 
Net income(1)
436.0 355.7 
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(1) Pro forma net income for the year ended August 31, 2024 includes preliminary pre-tax nonrecurring acquisition date fair value adjustments to inventory of $29.6 million and acquisition-related costs of $23.8 million. We did not have any other significant nonrecurring pro forma adjustments directly attributable to the acquisition.