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Fair Value Measures (Tables)
 12 Months Ended
Aug. 31, 2024
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 August 31, 2024 are:

(In millions)

 

Total

 

 

Level 1

 

 

Level 2(1)

 

 

Level 3

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Derivative financial instruments

 

$

24.0

 

 

$

—

 

 

$

24.0

 

 

$

—

 

Nonqualified savings plan investments

 

 

54.5

 

 

 

54.5

 

 

 

—

 

 

 

—

 

Cash equivalents

 

 

195.3

 

 

 

195.3

 

 

 

—

 

 

 

—

 

 

$

273.8

 

 

$

249.8

 

 

$

24.0

 

 

$

—

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Derivative financial instruments

 

$

1.4

 

 

$

—

 

 

$

1.4

 

 

$

—

 

 

 

 

 

 

 

 

 

 

0

 

 

 

 

Assets and liabilities measured at fair value on a recurring basis as of August 31, 2023 are:

(In millions)

 

Total

 

 

Level 1

 

 

Level 2(1)

 

 

Level 3

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Derivative financial instruments

 

$

37.9

 

 

$

—

 

 

$

37.9

 

 

$

—

 

Nonqualified savings plan investments

 

 

47.7

 

 

 

47.7

 

 

 

—

 

 

 

—

 

Cash equivalents

 

 

51.2

 

 

 

51.2

 

 

 

—

 

 

 

—

 

 

$

136.8

 

 

$

98.9

 

 

$

37.9

 

 

$

—

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Derivative financial instruments

 

$

0.2

 

 

$

—

 

 

$

0.2

 

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1 Level 2 assets include derivative financial instruments which are valued based on significant observable inputs. See Note 13 - Derivative Instruments for further discussion.