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Intangibles and Other Assets, net | 3 Months Ended
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Nov. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangibles and Other Assets, net | Note 4 – 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:
(in millions) |  | November 30, 2021 |  |  | August 31, 2021 |
Intangible assets subject to amortization: |  |  |  |  |  |
Customer relationships |  | $ | 89.8 |  |  | $ | 89.8 |
Accumulated amortization |  |  | (65.9 | ) |  |  | (64.1 | )
Other intangibles |  |  | 41.9 |  |  |  | 40.3 |
Accumulated amortization |  |  | (14.0 | ) |  |  | (13.0 | )
|  |  | 51.8 |  |  |  | 53.0 |
Intangible assets not subject to amortization |  |  | 2.4 |  |  |  | 2.4 |
Prepaid and other assets |  |  | 24.3 |  |  |  | 26.7 |
Operating lease ROU assets |  |  | 42.4 |  |  |  | 39.8 |
Nonqualified savings plan investments |  |  | 47.7 |  |  |  | 47.7 |
Debt issuance costs, net |  |  | 9.0 |  |  |  | 8.6 |
Assets held for sale |  |  | 5.4 |  |  |  | 5.4 |
Total Intangible and other assets, net |  | $ | 183.0 |  |  | $ | 183.6 |
Amortization expense was $3.1 million and $2.8 million for the three months ended November 30, 2021 and 2020 respectively. Amortization expense for the years ending August 31, 2022, 2023, 2024, 2025 and 2026 is expected to be $8.9 million, $7.6 million, $7.3 million, $6.0 million and $5.8 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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