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OPERATING SEGMENTS (Tables)

12 Months Ended

Aug. 31, 2023

Segment Reporting [Abstract]

Summary of certain financial information from continuing operations by reportable segment

The following table summarizes certain financial information by reportable segment and Corporate and Other:

(in thousands)						North America						Europe						Corporate and Other						Total
2023
Net sales						$	7,347,020					$	1,416,704					$	35,809					$	8,799,533
Adjusted EBITDA						1,454,754						61,353						(131,403)						1,384,704
Interest expense(1)						116,650						1,978						(78,501)						40,127
Capital expenditures						548,218						45,295						13,152						606,665
Depreciation and amortization						170,266						39,457						9,107						218,830
Asset impairments						3,733						47						—						3,780
Total assets						5,006,458						1,096,153						536,483						6,639,094
2022
Net sales						$	7,298,632					$	1,621,642					$	(6,793)					$	8,913,481
Adjusted EBITDA						1,553,858						346,051						(154,103)						1,745,806
Interest expense(1)						26,798						3,819						20,092						50,709
Capital expenditures						415,157						27,783						7,048						449,988
Depreciation and amortization						135,322						31,250						8,452						175,024
Asset impairments						4,915						11						—						4,926
Total assets						4,467,314						1,056,101						713,612						6,237,027
2021
Net sales						$	5,670,976					$	1,049,059					$	9,725					$	6,729,760
Adjusted EBITDA						746,594						148,258						(140,568)						754,284
Interest expense(1)						25,131						476						26,297						51,904
Capital expenditures						134,932						44,002						5,231						184,165
Depreciation and amortization						132,192						27,516						7,905						167,613
Asset impairments						6,360						424						—						6,784
Total assets						3,221,465						729,766						687,440						4,638,671

__________________________________

(1) Includes intercompany interest expense in the segments, which is eliminated within Corporate and Other.

Reconciliations of earnings from continuing operations to adjusted operating profit

The following table presents a reconciliation of earnings to adjusted EBITDA:

						Year Ended August 31,
(in thousands)						2023						2022						2021
Net earnings						$	859,760					$	1,217,262					$	412,865
Interest expense						40,127						50,709						51,904
Income taxes						262,207						297,885						121,153
Depreciation and amortization						218,830						175,024						167,613
Asset impairments						3,780						4,926						6,784
Amortization of acquired unfavorable contract backlog						—						—						(6,035)
Adjusted EBITDA						$	1,384,704					$	1,745,806					$	754,284

External net sales from continuing operations by geographic area

						Year Ended August 31,
(in thousands)						2023						2022						2021
Geographic area:
United States						$	6,894,990					$	6,793,023					$	5,295,447
Poland						941,806						1,078,986						793,075
China						217,779						246,679						156,101
Other						744,958						794,793						485,137
Net sales						$	8,799,533					$	8,913,481					$	6,729,760

Net sales by major product

The following tables display revenue by reportable segment and Corporate and Other from external customers, disaggregated by major product:

						Year Ended August 31, 2023
(in thousands)						North America						Europe						Corporate and Other						Total
Major product:
Raw materials						$	1,322,781					$	20,034					$	—					$	1,342,815
Steel products						2,785,266						1,068,946						—						3,854,212
Downstream products						2,517,908						200,196						—						2,718,104
Construction-related solutions						587,573						79,836						—						667,409
Other(1)						132,651						39,649						44,693						216,993
Net sales from external customers						7,346,179						1,408,661						44,693						8,799,533
Intersegment net sales, eliminated on consolidation						841						8,043						(8,884)						—
Net sales						$	7,347,020					$	1,416,704					$	35,809					$	8,799,533

_______________________________

(1) Other revenue during the year ended August 31, 2023 includes $17.7 million derived from the Company's NMTC transactions. See Note 9, New Markets Tax Credit Transactions, for further information.

						Year Ended August 31, 2022
(in thousands)						North America						Europe						Corporate and Other						Total
Major product:
Raw materials						$	1,504,107					$	25,259					$	—					$	1,529,366
Steel products						2,955,121						1,235,691						—						4,190,812
Downstream products						2,245,734						292,136						—						2,537,870
Construction-related solutions						453,517						27,279						—						480,796
Other						138,164						39,206						(2,733)						174,637
Net sales from external customers						7,296,643						1,619,571						(2,733)						8,913,481
Intersegment net sales, eliminated on consolidation						1,989						2,071						(4,060)						—
Net sales						$	7,298,632					$	1,621,642					$	(6,793)					$	8,913,481

						Year Ended August 31, 2021
(in thousands)						North America						Europe						Corporate and Other						Total
Major product:
Raw materials						$	1,162,997					$	19,841					$	—					$	1,182,838
Steel products						2,289,975						808,662						—						3,098,637
Downstream products						1,814,192						192,175						—						2,006,367
Construction-related solutions						289,644						—						—						289,644
Other						114,168						26,567						11,539						152,274
Net sales from external customers						5,670,976						1,047,245						11,539						6,729,760
Intersegment net sales, eliminated on consolidation						—						1,814						(1,814)						—
Net sales						$	5,670,976					$	1,049,059					$	9,725					$	6,729,760

The following table presents net sales by geographic area:

Long-lived assets by geographic area

The following table presents long-lived assets, net of accumulated depreciation and amortization, by geographic area:

						August 31,
(in thousands)						2023						2022						2021
Geographic area:
United States						$	2,343,606					$	1,858,269					$	1,473,745
Poland						209,966						180,350						225,582
Other						39,704						35,199						23
Total long-lived assets, net						$	2,593,276					$	2,073,818					$	1,699,350

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