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Segment Information (Tables)
12 Months Ended
Aug. 31, 2022
Segment Reporting [Abstract]  
Segments Internal Financial Reports

The information in the following table is derived directly from the segments’ internal financial reports used for corporate management purposes.

For the year ended August 31, 2022:

 

 

 

Revenue

 

 

Earnings (loss) from operations

 

(In millions)

 

External

 

 

Intersegment

 

 

Total

 

 

External

 

 

Intersegment

 

 

Total

 

Manufacturing

 

$

2,476.6

 

 

$

191.6

 

 

$

2,668.2

 

 

$

97.2

 

 

$

11.9

 

 

$

109.1

 

Maintenance Services

 

 

347.7

 

 

 

26.4

 

 

 

374.1

 

 

 

21.7

 

 

 

 

 

 

21.7

 

Leasing & Management Services

 

 

153.4

 

 

 

1.9

 

 

 

155.3

 

 

 

108.3

 

 

 

0.1

 

 

 

108.4

 

Eliminations

 

 

 

 

 

(219.9

)

 

 

(219.9

)

 

 

 

 

 

(12.0

)

 

 

(12.0

)

Corporate

 

 

 

 

 

 

 

 

 

 

 

(109.2

)

 

 

 

 

 

(109.2

)

 

 

$

2,977.7

 

 

$

 

 

$

2,977.7

 

 

$

118.0

 

 

$

 

 

$

118.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the year ended August 31, 2021:

 

 

 

Revenue

 

 

Earnings (loss) from operations

 

(In millions)

 

External

 

 

Intersegment

 

 

Total

 

 

External

 

 

Intersegment

 

 

Total

 

Manufacturing

 

$

1,311.1

 

 

$

92.4

 

 

$

1,403.5

 

 

$

48.3

 

 

$

6.9

 

 

$

55.2

 

Maintenance Services

 

 

298.3

 

 

 

9.1

 

 

 

307.4

 

 

 

6.5

 

 

 

0.1

 

 

 

6.6

 

Leasing & Management Services

 

 

138.5

 

 

 

1.1

 

 

 

139.6

 

 

 

68.9

 

 

 

0.2

 

 

 

69.1

 

Eliminations

 

 

 

 

(102.6

)

 

 

(102.6

)

 

 

 

 

(7.2

)

 

 

(7.2

)

Corporate

 

 

 

 

 

 

 

 

 

 

(82.7

)

 

 

 

 

 

(82.7

)

 

 

$

1,747.9

 

 

$

 

 

$

1,747.9

 

 

$

41.0

 

 

$

 

 

$

41.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the year ended August 31, 2020:

 

 

 

Revenue

 

 

Earnings (loss) from operations

 

(In millions)

 

External

 

 

Intersegment

 

 

Total

 

 

External

 

 

Intersegment

 

 

Total

 

Manufacturing

 

$

2,309.5

 

 

$

3.0

 

 

$

2,312.5

 

 

$

157.0

 

 

$

0.1

 

 

$

157.1

 

Maintenance Services

 

 

324.7

 

 

 

12.6

 

 

 

337.3

 

 

 

9.0

 

 

 

(0.9

)

 

 

8.1

 

Leasing & Management Services

 

 

158.0

 

 

 

2.3

 

 

 

160.3

 

 

 

81.4

 

 

 

0.2

 

 

 

81.6

 

Eliminations

 

 

 

 

(17.9

)

 

 

(17.9

)

 

 

 

 

0.6

 

 

 

0.6

 

Corporate

 

 

 

 

 

 

 

 

 

 

(79.0

)

 

 

 

 

 

(79.0

)

 

 

$

2,792.2

 

 

$

 

 

$

2,792.2

 

 

$

168.4

 

 

$

 

 

$

168.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended August 31,

 

(In millions)

 

2022

 

 

2021

 

 

2020

 

Assets:

 

 

 

 

 

 

 

 

 

Manufacturing

 

$

1,853.9

 

 

$

1,493.5

 

 

$

1,301.7

 

Maintenance Services

 

 

284.8

 

 

 

260.9

 

 

 

271.9

 

Leasing & Management Services

 

 

1,152.2

 

 

 

949.4

 

 

 

739.0

 

Unallocated, including cash

 

 

560.6

 

 

 

686.9

 

 

 

861.2

 

 

 

$

3,851.5

 

 

$

3,390.7

 

 

$

3,173.8

 

Depreciation and amortization:

 

 

 

 

 

 

 

 

 

Manufacturing

 

$

61.7

 

 

$

67.8

 

 

$

78.0

 

Maintenance Services

 

 

10.7

 

 

 

12.0

 

 

 

12.6

 

Leasing & Management Services

 

 

29.6

 

 

 

20.9

 

 

 

19.3

 

 

 

$

102.0

 

 

$

100.7

 

 

$

109.9

 

Capital expenditures:

 

 

 

 

 

 

 

 

 

Manufacturing

 

$

48.3

 

 

$

26.6

 

 

$

48.2

 

Maintenance Services

 

 

9.2

 

 

 

8.6

 

 

 

11.7

 

Leasing & Management Services

 

 

323.2

 

 

 

103.8

 

 

 

7.0

 

 

 

$

380.7

 

 

$

139.0

 

 

$

66.9

 

 

 

 

 

 

 

 

 

 

 

Summary of Selected Geographic Information

The following table summarizes selected geographic information.

 

 

 

Year Ended August 31,

 

(In millions)

 

2022

 

 

2021

 

 

2020

 

Revenue (1):

 

 

 

 

 

 

 

 

 

U.S.

 

$

2,452.1

 

 

$

1,221.4

 

 

$

2,018.7

 

Foreign

 

 

525.6

 

 

 

526.5

 

 

 

773.5

 

 

 

$

2,977.7

 

 

$

1,747.9

 

 

$

2,792.2

 

Assets:

 

 

 

 

 

 

 

 

 

U.S.

 

$

2,689.6

 

 

$

2,506.1

 

 

$

2,359.3

 

Mexico

 

 

948.4

 

 

 

656.6

 

 

 

590.8

 

Europe

 

 

213.5

 

 

 

228.0

 

 

 

223.7

 

 

 

$

3,851.5

 

 

$

3,390.7

 

 

$

3,173.8

 

 

 

 

 

 

 

 

 

 

 

 

(1)
Revenue is presented on the basis of geographic location of customers.
Reconciliation of Earnings from Operations to Earnings (Loss) Before Income Tax and Earnings from Unconsolidated Affiliates

Reconciliation of Earnings from operations to Earnings (loss) before income tax and earnings from unconsolidated affiliates:

 

 

 

Year Ended August 31,

 

(In millions)

 

2022

 

 

2021

 

 

2020

 

Earnings from operations

 

$

118.0

 

 

$

41.0

 

 

$

168.4

 

Interest and foreign exchange

 

 

57.4

 

 

 

43.3

 

 

 

43.6

 

Net loss on extinguishment of debt

 

 

 

 

 

6.3

 

 

 

 

Earnings (loss) before income tax and earnings
   from unconsolidated affiliates

 

$

60.6

 

 

$

(8.6

)

 

$

124.8