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Segment Information | 3 Months Ended
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Nov. 30, 2023
Segment Reporting [Abstract] |
Segment Information | Note 12 – Segment Information The Company operates in three reportable segments: Manufacturing; Maintenance Services; and Leasing & Management Services. The accounting policies of the segments are described in the summary of significant accounting policies in the Consolidated Financial Statements contained in the Company’s Annual Report on Form 10-K for the year ended August 31, 2023. Performance is evaluated based on Earnings (loss) from operations. Corporate includes selling and administrative costs not directly related to goods and services and certain costs that are intertwined among segments due to our integrated business model. The Company does not allocate Interest and foreign exchange or Income tax expense for either external or internal reporting purposes. Intersegment sales and transfers are valued as if the sales or transfers were to third parties. Related revenue and margin are eliminated in consolidation and therefore are not included in consolidated results in the Company’s Consolidated Financial Statements. The information in the following table is derived directly from the segments’ internal financial reports used for corporate management purposes. For the three months ended November 30, 2023:
|  | Revenue |  |  | Earnings (loss) from operations |
(in millions) |  | External |  |  | Intersegment |  |  | Total |  |  | External |  |  | Intersegment |  |  | Total |
Manufacturing |  | $ | 675.9 |  |  | $ | 58.5 |  |  | $ | 734.4 |  |  | $ | 54.3 |  |  | $ | 4.7 |  |  | $ | 59.0 |
Maintenance Services |  |  | 83.8 |  |  |  | 9.2 |  |  |  | 93.0 |  |  |  | 10.6 |  |  |  | — |  |  |  | 10.6 |
Leasing & Management Services |  |  | 49.1 |  |  |  | 0.2 |  |  |  | 49.3 |  |  |  | 26.3 |  |  |  | — |  |  |  | 26.3 |
Eliminations |  |  | — |  |  |  | (67.9 | ) |  |  | (67.9 | ) |  |  | — |  |  |  | (4.7 | ) |  |  | (4.7 | )
Corporate |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (26.3 | ) |  |  | — |  |  |  | (26.3 | )
|  | $ | 808.8 |  |  | $ | — |  |  | $ | 808.8 |  |  | $ | 64.9 |  |  | $ | — |  |  | $ | 64.9 |
For the three months ended November 30, 2022:
|  | Revenue |  |  | Earnings (loss) from operations |
(in millions) |  | External |  |  | Intersegment |  |  | Total |  |  | External |  |  | Intersegment |  |  | Total |
Manufacturing |  | $ | 646.5 |  |  | $ | 44.5 |  |  | $ | 691.0 |  |  | $ | (3.4 | ) |  | $ | 4.0 |  |  | $ | 0.6 |
Maintenance Services |  |  | 85.5 |  |  |  | 8.5 |  |  |  | 94.0 |  |  |  | 5.5 |  |  |  | — |  |  |  | 5.5 |
Leasing & Management Services |  |  | 34.5 |  |  |  | 0.2 |  |  |  | 34.7 |  |  |  | 15.6 |  |  |  | — |  |  |  | 15.6 |
Eliminations |  |  | — |  |  |  | (53.2 | ) |  |  | (53.2 | ) |  |  | — |  |  |  | (4.0 | ) |  |  | (4.0 | )
Corporate |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (22.5 | ) |  |  | — |  |  |  | (22.5 | )
|  | $ | 766.5 |  |  | $ | — |  |  | $ | 766.5 |  |  | $ | (4.8 | ) |  | $ | — |  |  | $ | (4.8 | )
|  | Total assets |
(in millions) |  | November 30, 2023 |  |  | August 31, 2023 |
Manufacturing |  | $ | 1,799.3 |  |  | $ | 1,847.0 |
Maintenance Services |  |  | 311.3 |  |  |  | 294.4 |
Leasing & Management Services |  |  | 1,537.6 |  |  |  | 1,458.1 |
Unallocated, including cash |  |  | 366.5 |  |  |  | 378.9 |
|  | $ | 4,014.7 |  |  | $ | 3,978.4 |
Reconciliation of Earnings (loss) from operations to Earnings (loss) before income tax and earnings from unconsolidated affiliates:
|  | Three Months Ended November 30, |
(in millions) |  | 2023 |  |  | 2022 |
Earnings (loss) from operations |  | $ | 64.9 |  |  | $ | (4.8 | )
Interest and foreign exchange |  |  | 23.2 |  |  |  | 19.6 |
Earnings (loss) before income tax and earnings from unconsolidated affiliates |  | $ | 41.7 |  |  | $ | (24.4 | )

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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