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Derivative Instruments (Tables)

3 Months Ended

Nov. 30, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Values of Derivative Instruments

Fair Values of Derivative Instruments

(in millions)

		Asset Derivatives										Liability Derivatives
				November 30, 2023				August 31, 2023						November 30, 2023				August 31, 2023
		Balance sheet location		Fair Value				Fair Value				Balance sheet location		Fair Value				Fair Value
Derivatives designated as hedging instruments
Foreign forward    exchange contracts		Accounts receivable, net		$	5.1			$	2.5			Accounts payable and accrued liabilities		$	0.1			$	0.1
Interest rate swap contracts		Accounts receivable, net			33.4				34.9			Accounts payable and accrued liabilities			—				0.1
				$	38.5			$	37.4					$	0.1			$	0.2
Derivatives not designated as hedging instruments
Foreign forward   exchange contracts		Accounts receivable, net		$	—			$	0.5			Accounts payable   and accrued liabilities		$	—			$	—

Effect of Derivative Instruments on the Statements of Operations

The Effect of Derivative Instruments on the Statements of Operations

(in millions)

Three Months Ended November 30, 2023 and 2022

Derivatives in cash flow hedging relationships		Location of gain (loss) recognized  in income on derivatives		Gain (loss) recognized in income on derivatives three months ended November 30,
				2023				2022
Foreign forward exchange contract		Interest and foreign exchange		$	0.2			$	—

Derivatives in cash flow hedging relationships	Gain (loss) recognized in  OCI on derivatives three  months ended November 30,							Location of gain (loss) reclassified from accumulated OCI into income	Gain (loss) reclassified from accumulated OCI into income three months ended November 30,							Location of gain (loss) on derivatives (amount excluded  from effectiveness testing)	Gain (loss) recognized on  derivatives (amount excluded from  effectiveness testing) three months ended November 30,
	2023				2022				2023				2022				2023				2022
Foreign    forward    exchange    contracts	$	2.4			$	1.5		Revenue	$	0.2			$	(0.4	)	Revenue	$	0.6			$	0.3
Foreign    forward    exchange    contracts		(0.2	)			0.3		Cost of revenue		(0.1	)			0.2		Cost of    revenue		0.3				0.1
Interest rate    swap    contracts		3.1				10.4		Interest and foreign exchange		4.3				1.0		Interest and    foreign    exchange		—				—
	$	5.3			$	12.2			$	4.4			$	0.8			$	0.9			$	0.4

Effects of Cash Flow Hedges Included in Statements of Operations

The following table presents the amounts in the Condensed Consolidated Statements of Operations in which the effects of the cash flow hedges are recorded and the effects of the cash flow hedge activity on these line items for the three months ended November 30, 2023 and 2022:

		For the Three Months Ended November 30,
		2023								2022
		Total				Amount of gain (loss) on cash flow hedge activity				Total				Amount of gain (loss) on cash flow hedge activity
Revenue		$	808.8			$	0.2			$	766.5			$	(0.4	)
Cost of revenue		$	687.5			$	(0.1	)		$	697.0			$	0.2
Interest and foreign exchange		$	23.2			$	4.3			$	19.6			$	1.0

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Schedule of effects of cash flow hedges included in statement of income.

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Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4E
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480434/815-10-50-4E

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-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C

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-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480434/815-10-50-4A

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-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-Publisher FASB
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