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Accumulated Other Comprehensive Loss (Tables)
 3 Months Ended
Nov. 30, 2023
Equity [Abstract]  
Components of Accumulated Other Comprehensive Loss, Net of Tax

Accumulated other comprehensive loss, net of tax effect as appropriate, consisted of the following:

 

(in millions)

 

Unrealized
Gain (Loss)
on Derivative
Financial
Instruments

 

 

Foreign
Currency
Translation
Adjustment

 

 

Other

 

 

Accumulated
Other
Comprehensive
Loss

 

Balance, August 31, 2023

 

$

27.0

 

 

$

(32.1

)

 

$

(2.2

)

 

$

(7.3

)

Other comprehensive gain before reclassifications

 

 

4.3

 

 

 

—

 

 

 

0.1

 

 

 

4.4

 

Amounts reclassified from Accumulated other
   comprehensive loss

 

 

(3.5

)

 

 

—

 

 

 

—

 

 

 

(3.5

)

Balance, November 30, 2023

 

$

27.8

 

 

$

(32.1

)

 

$

(2.1

)

 

$

(6.4

)

 
Amounts Reclassified out of Accumulated Other Comprehensive Loss

The amounts reclassified out of Accumulated other comprehensive loss into the Condensed Consolidated Statements of Operations, with financial statement caption, were as follows:

 

 

 

Three Months Ended
November 30,

 

 

 

(in millions)

 

2023

 

 

2022

 

 

Financial Statement Caption

(Gain) loss on derivative financial instruments:

 

 

 

 

 

 

 

 

Foreign exchange contracts

 

$

(0.1

)

 

$

0.2

 

 

Revenue and Cost of revenue

Interest rate swap contracts

 

 

(4.3

)

 

 

(1.0

)

 

Interest and foreign exchange

 

 

(4.4

)

 

 

(0.8

)

 

Total before tax

 

 

0.9

 

 

 

0.3

 

 

Tax expense

 

 

$

(3.5

)

 

$

(0.5

)

 

Net of tax