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SEGMENT INFORMATION (Tables)

12 Months Ended

Aug. 31, 2024

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. Interest expense includes intercompany interest expense in the segments, which is eliminated within Corporate and Other.

						Year Ended August 31,
(in thousands)						2024						2023						2022
Net sales to external customers:
North America Steel Group						$	6,309,730					$	6,704,305					$	6,798,405
Europe Steel Group						848,566						1,328,791						1,592,292
Emerging Businesses Group						717,397						721,746						525,516
Reportable segments total						$	7,875,693					$	8,754,842					$	8,916,213
Corporate and Other						50,279						44,691						(2,732)
Total						$	7,925,972					$	8,799,533					$	8,913,481
Adjusted EBITDA:
North America Steel Group						$	946,350					$	1,328,431					$	1,482,667
Europe Steel Group						22,517						48,473						344,659
Emerging Businesses Group						129,530						138,985						72,583
Reportable segments total						$	1,098,397					$	1,515,889					$	1,899,909
Interest expense:
North America Steel Group						$	184,019					$	117,502					$	27,310
Europe Steel Group						(5,074)						(1,165)						2,749
Emerging Businesses Group						2,480						2,291						558
Reportable segments total						$	181,425					$	118,628					$	30,617
Corporate and Other						(133,532)						(78,501)						20,092
Total						$	47,893					$	40,127					$	50,709
Depreciation and amortization:
North America Steel Group						$	192,697					$	136,391					$	120,026
Europe Steel Group						34,077						32,607						28,755
Emerging Businesses Group						43,945						40,725						17,791
Reportable segments total						$	270,719					$	209,723					$	166,572
Corporate and Other						9,648						9,107						8,452
Total						$	280,367					$	218,830					$	175,024
Asset impairments:
North America Steel Group						$	6,558					$	3,733					$	4,915
Europe Steel Group						150						47						11
Emerging Businesses Group						—						—						—
Reportable segments total						$	6,708					$	3,780					$	4,926
Corporate and Other						—						—						—
Total						$	6,708					$	3,780					$	4,926
Capital expenditures:
North America Steel Group						$	250,599					$	535,927					$	411,101
Europe Steel Group						44,726						37,600						25,722
Emerging Businesses Group						20,479						19,986						6,116
Reportable segments total						$	315,804					$	593,513					$	442,939
Corporate and Other						8,467						13,152						7,049
Total						$	324,271					$	606,665					$	449,988
Assets:
North America Steel Group						$	4,219,603					$	4,166,521					$	3,739,567
Europe Steel Group						677,697						927,468						883,813
Emerging Businesses Group						861,025						874,330						812,107
Reportable segments total						$	5,758,325					$	5,968,319					$	5,435,487
Corporate and Other						1,059,514						670,775						801,540
Total						$	6,817,839					$	6,639,094					$	6,237,027

Reconciliations of earnings from continuing operations to adjusted operating profit

The following table presents a reconciliation of earnings to adjusted EBITDA for the reportable segments:

						Year Ended August 31,
(in thousands)						2024						2023						2022
Net earnings						$	485,491					$	859,760					$	1,217,262
Interest expense						47,893						40,127						50,709
Income taxes						150,180						262,207						297,885
Depreciation and amortization						280,367						218,830						175,024
Asset impairments						6,708						3,780						4,926
Corporate and Other expenses						127,758						131,185						154,103
Adjusted EBITDA reportable segments						$	1,098,397					$	1,515,889					$	1,899,909

Net sales by major product

The following tables display net sales to external customers by reportable segment and Corporate and Other, disaggregated by major product:

						Year Ended August 31, 2024
(in thousands)						North America Steel Group						Europe Steel Group						Emerging Businesses Group						Corporate and Other						Total
Major product:
Raw materials						$	1,311,995					$	17,943					$	—					$	—					$	1,329,938
Steel products						2,564,472						672,886						—						—						3,237,358
Downstream products						2,217,621						121,431						157,644						—						2,496,696
Construction products						—						—						290,304						—						290,304
Ground stabilization solutions						—						—						250,941						—						250,941
Other						215,642						36,306						18,508						50,279						320,735
Net sales to external customers						6,309,730						848,566						717,397						50,279						7,925,972
Intersegment net sales, eliminated in consolidation						73,376						3,044						33,357						(109,777)						—
Net sales						$	6,383,106					$	851,610					$	750,754					$	(59,498)					$	7,925,972

						Year Ended August 31, 2023
(in thousands)						North America Steel Group						Europe Steel Group						Emerging Businesses Group						Corporate and Other						Total
Major product:
Raw materials						$	1,324,373					$	21,010					$	—					$	—					$	1,345,383
Steel products						2,776,572						1,069,130						—						—						3,845,702
Downstream products						2,417,045						194,414						118,321						—						2,729,780
Construction products						—						—						332,940						—						332,940
Ground stabilization solutions						—						—						256,148						—						256,148
Other						186,315						44,237						14,337						44,691						289,580
Net sales to external customers						6,704,305						1,328,791						721,746						44,691						8,799,533
Intersegment net sales, eliminated in consolidation						93,522						2,353						22,802						(118,677)						—
Net sales						$	6,797,827					$	1,331,144					$	744,548					$	(73,986)					$	8,799,533

						Year Ended August 31, 2022
(in thousands)						North America Steel Group						Europe Steel Group						Emerging Businesses Group						Corporate and Other						Total
Major product:
Raw materials						$	1,517,962					$	25,778					$	—					$	—					$	1,543,740
Steel products						2,942,741						1,236,854						—						—						4,179,595
Downstream products						2,161,004						285,836						93,403						—						2,540,243
Construction products						—						—						322,486						—						322,486
Ground stabilization solutions						—						—						100,072						—						100,072
Other						176,698						43,824						9,555						(2,732)						227,345
Net sales to external customers						6,798,405						1,592,292						525,516						(2,732)						8,913,481
Intersegment net sales, eliminated in consolidation						110,495						2,031						6,873						(119,399)						—
Net sales						$	6,908,900					$	1,594,323					$	532,389					$	(122,131)					$	8,913,481

The following table presents net sales by geographic area:

External net sales from continuing operations by geographic area

						Year Ended August 31,
(in thousands)						2024						2023						2022
Geographic area:
United States						$	6,465,388					$	6,894,990					$	6,793,023
Poland						583,320						941,806						1,078,986
China						215,039						217,779						246,679
Other						662,225						744,958						794,793
Net sales						$	7,925,972					$	8,799,533					$	8,913,481

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)						2024						2023						2022
Geographic area:
United States						$	2,499,949					$	2,343,606					$	1,858,269
Poland						236,326						209,966						180,350
Other						43,026						39,704						35,199
Total long-lived assets, net						$	2,779,301					$	2,593,276					$	2,073,818

X

- Definition

Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets.

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