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Intangibles and Other Assets, net
 12 Months Ended
Aug. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangibles and Other Assets, net

Note 8 — Intangibles and Other Assets, net

The following table summarizes the Company’s identifiable intangible and other assets balance:

 

 

As of August 31,

 

(In millions)

 

2024

 

 

2023

 

Intangible assets subject to amortization:

 

 

 

 

 

 

Customer and supplier relationships

 

$

87.5

 

 

$

87.5

 

Accumulated amortization

 

 

(72.1

)

 

 

(69.1

)

Other intangible assets

 

 

43.3

 

 

 

43.0

 

Accumulated amortization

 

 

(27.2

)

 

 

(22.3

)

 

 

31.5

 

 

 

39.1

 

Intangible assets not subject to amortization

 

 

2.3

 

 

 

2.3

 

Prepaid and other assets

 

 

51.7

 

 

 

56.4

 

Operating lease ROU assets

 

 

65.1

 

 

 

70.6

 

Nonqualified savings plan investments

 

 

54.5

 

 

 

47.7

 

Debt issuance costs, net

 

 

4.8

 

 

 

6.3

 

Assets held for sale

 

 

0.3

 

 

 

0.3

 

Deferred tax assets

 

 

34.2

 

 

 

33.1

 

 

$

244.4

 

 

$

255.8

 

 

 

 

 

 

 

 

Amortization expense for the years ended August 31, 2024, 2023 and 2022 was $7.2 million, $8.0 million and $9.3 million, respectively. As of August 31, 2024, amortizable intangible assets had a weighted-average remaining useful life of 6.6 years. Amortization expense for the years ending August 31, 2025, 2026, 2027, 2028 and 2029 is expected to be $6.6 million, $6.1 million, $5.2 million, $3.8 million and $2.6 million, respectively.