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v3.22.2.2

Revenue Recognition (Tables) | 12 Months Ended
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Aug. 31, 2022
Revenue from Contract with Customer [Abstract] |
Summary of Contract Balances | The opening and closing balances of the Company’s contract balances are as follows:
(In millions) |  | Balance sheet classification |  | August 31, 2022 |  |  | August 31, 2021 |  |  | $ change |
Contract assets |  | Accounts receivable, net |  | $ | 13.0 |  |  | $ | 5.9 |  |  | $ | 7.1 |
Contract assets |  | Inventories |  | $ | 6.0 |  |  | $ | 6.7 |  |  | $ | (0.7 | )
Contract liabilities 1 |  | Deferred revenue |  | $ | 30.5 |  |  | $ | 36.4 |  |  | $ | (5.9 | )
1 Contract liabilities balance includes deferred revenue within the scope of Topic 606.
Summary of Estimated Revenue Related to Performance Obligations Wholly or Partially Unsatisfied | The following table outlines estimated revenue related to performance obligations wholly or partially unsatisfied, that the Company anticipates will be recognized in future periods.
(In millions) |  | August 31, 2022 |
Revenue type: |  |  |
Manufacturing – Railcar sales |  | $ | 2,634.0 |
Manufacturing – Marine |  | $ | 30.9 |
Manufacturing – Conversions |  | $ | 183.6 |
Services |  | $ | 123.8 |
Other |  | $ | 12.3 |
Manufacturing – Railcars intended for syndication 1 |  | $ | 623.7 |
1 Not a performance obligation as defined in Topic 606

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045 + Details
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- Definition Tabular disclosure of expected timing for satisfying remaining performance obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(1) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130556-203045 + Details
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