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Segment Information | 3 Months Ended
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Nov. 30, 2024
Segment Reporting [Abstract] |
Segment Information | Segment Information We report our financial results of operations in two reportable segments, Acuity Brands Lighting and Acuity Intelligent Spaces, consistent with how our chief operating decision maker currently evaluates operating results, assesses performance, and allocates resources within the Company. 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 within our Form 10-K. 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, 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):
| Three Months Ended |  |
| November 30, 2024 |  | November 30, 2023 |  |  |  |
Net sales: |  |  |  |  |  |  |
Acuity Brands Lighting | $ | 886.0 |  |  | $ | 876.4 |  |  |  |  |
Acuity Intelligent Spaces | 73.5 |  |  | 64.2 |  |  |  |  |
Eliminations(1) | (7.9) |  |  | (5.9) |  |  |  |  |
Total | $ | 951.6 |  |  | $ | 934.7 |  |  |  |  |
Operating profit: |  |  |  |  |  |  |
Acuity Brands Lighting | $ | 143.3 |  |  | $ | 143.8 |  |  |  |  |
Acuity Intelligent Spaces | 10.8 |  |  | 5.3 |  |  |  |  |
Unallocated corporate amounts | (20.8) |  |  | (16.2) |  |  |  |  |
Total | $ | 133.3 |  |  | $ | 132.9 |  |  |  |  |
____________________________ (1) These amounts represent intersegment sales. Profit on these sales eliminates within gross profit on a consolidated basis. The following table reconciles operating profit by segment to income before income taxes for the periods presented (in millions):
| Three Months Ended |  |
| November 30, 2024 |  | November 30, 2023 |  |  |  |
Operating profit - Acuity Brands Lighting | $ | 143.3 |  |  | $ | 143.8 |  |  |  |  |
Operating profit - Acuity Intelligent Spaces | 10.8 |  |  | 5.3 |  |  |  |  |
Unallocated corporate amounts | (20.8) |  |  | (16.2) |  |  |  |  |
Operating profit | 133.3 |  |  | 132.9 |  |  |  |  |
Interest (income) expense, net | (4.0) |  |  | 0.9 |  |  |  |  |
Miscellaneous expense, net | 2.5 |  |  | 1.1 |  |  |  |  |
Income before income taxes | $ | 134.8 |  |  | $ | 130.9 |  |  |  |  |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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