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Inventories
12 Months Ended
Aug. 31, 2022
Inventory Disclosure [Abstract]  
Inventories

Note 5 — Inventories

 

 

 

As of August 31,

 

(In millions)

 

2022

 

 

2021

 

Manufacturing supplies and raw materials

 

$

570.2

 

 

$

352.8

 

Work-in-process

 

 

183.3

 

 

 

167.3

 

Finished goods

 

 

75.9

 

 

 

73.4

 

Excess and obsolete adjustment

 

 

(14.1

)

 

 

(19.9

)

 

 

$

815.3

 

 

$

573.6

 

 

 

 

 

 

 

 

 

 

 

As of August 31,

 

(In millions)

 

2022

 

 

2021

 

 

2020

 

Excess and obsolete adjustment

 

 

 

 

 

 

 

 

 

Balance at beginning of period

 

$

19.9

 

 

$

24.2

 

 

$

9.5

 

Charge to cost of revenue

 

 

1.5

 

 

 

0.8

 

 

 

18.0

 

Disposition of inventory

 

 

(6.9

)

 

 

(5.0

)

 

 

(3.6

)

Currency translation effect

 

 

(0.4

)

 

 

(0.1

)

 

 

0.3

 

Balance at end of period

 

$

14.1

 

 

$

19.9

 

 

$

24.2