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Intangibles and Other Assets, net | 12 Months Ended
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Aug. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangibles and Other Assets, net | Note 8 — Intangibles and Other Assets, net Intangible assets that are determined to have finite lives are amortized over their useful lives. Intangible assets with indefinite useful lives are not amortized and are periodically evaluated for impairment. The following table summarizes the Company’s identifiable intangible and other assets balance:
|  | As of August 31, |
(In millions) |  | 2022 |  |  | 2021 |
Intangible assets subject to amortization: |  |  |  |  |  |
Customer and supplier relationships |  | $ | 87.5 |  |  | $ | 89.8 |
Accumulated amortization |  |  | (66.1 | ) |  |  | (64.1 | )
Other intangible assets |  |  | 42.4 |  |  |  | 40.3 |
Accumulated amortization |  |  | (16.5 | ) |  |  | (13.0 | )
|  |  | 47.3 |  |  |  | 53.0 |
Intangible assets not subject to amortization |  |  | 2.4 |  |  |  | 2.4 |
Prepaid and other assets |  |  | 32.4 |  |  |  | 26.7 |
Operating lease ROU assets |  |  | 54.2 |  |  |  | 39.8 |
Nonqualified savings plan investments |  |  | 40.3 |  |  |  | 47.7 |
Debt issuance costs, net |  |  | 8.7 |  |  |  | 8.6 |
Assets held for sale |  |  | 3.8 |  |  |  | 5.4 |
|  | $ | 189.1 |  |  | $ | 183.6 |
Amortization expense for the years ended August 31, 2022, 2021 and 2020 was $9.3 million, $11.6 million and $11.0 million, respectively. As of August 31, 2022, amortizable intangible assets had a weighted-average remaining useful life of 8 years. Amortization expense for the years ending August 31, 2023, 2024, 2025, 2026 and 2027 is expected to be $8.5 million, $7.6 million, $7.2 million, $6.0 million and $5.3 million, respectively.

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -URI https://asc.fasb.org/subtopic&trid=2144471 + Details
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