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Fair Value Measures (Tables)
 3 Months Ended
Nov. 30, 2022
Fair Value Disclosures [Abstract]  
Assets and Liabilities Measured at Fair Value on Recurring Basis

Assets and liabilities measured at fair value on a recurring basis as of November 30, 2022 were:

 

(in millions)

 

Total

 

 

Level 1

 

 

Level 2 (1)

 

 

Level 3

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Derivative financial instruments

 

$

30.7

 

 

$

—

 

 

$

30.7

 

 

$

—

 

Nonqualified savings plan investments

 

 

45.0

 

 

 

45.0

 

 

 

—

 

 

 

—

 

Cash equivalents

 

 

59.9

 

 

 

59.9

 

 

 

—

 

 

 

—

 

 

 

$

135.6

 

 

$

104.9

 

 

$

30.7

 

 

$

—

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Derivative financial instruments

 

$

1.1

 

 

$

—

 

 

$

1.1

 

 

$

—

 

Assets and liabilities measured at fair value on a recurring basis as of August 31, 2022 were:

 

(in millions)

 

Total

 

 

Level 1

 

 

Level 2 (1)

 

 

Level 3

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Derivative financial instruments

 

$

21.4

 

 

$

—

 

 

$

21.4

 

 

$

—

 

Nonqualified savings plan investments

 

 

40.3

 

 

 

40.3

 

 

 

—

 

 

 

—

 

Cash equivalents

 

 

119.4

 

 

 

119.4

 

 

 

—

 

 

 

—

 

 

 

$

181.1

 

 

$

159.7

 

 

$

21.4

 

 

$

—

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Derivative financial instruments

 

$

3.0

 

 

$

—

 

 

$

3.0

 

 

$

—

 

 

 

(1)
Level 2 assets and liabilities include derivative financial instruments that are valued based on observable inputs. See Note 12 - Derivative Instruments for further discussion.