Accumulated Other Comprehensive Loss

9 Months Ended

May 31, 2024

Note 10 – Accumulated Other Comprehensive Loss

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 (loss) before reclassifications		13.5			(3.1	)		0.6			11.0
Amounts reclassified from Accumulated other comprehensive loss		(11.7	)		—			—			(11.7	)
Balance, May 31, 2024	$	28.8		$	(35.2	)	$	(1.6	)	$	(8.0	)

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


	Three months ended May 31,
(in millions)	2024			2023			Financial Statement Caption
(Gain) loss on derivative financial instruments:
Foreign exchange contracts	$	(1.1	)	$	(0.5	)	Revenue and Cost of revenue
Interest rate swap contracts		(4.3	)		(3.4	)	Interest and foreign exchange
		(5.4	)		(3.9	)
		1.2			1.2		Income tax expense
	$	(4.2	)	$	(2.7	)


	Nine months ended May 31,
(in millions)	2024			2023			Financial Statement Caption
(Gain) loss on derivative financial instruments:
Foreign exchange contracts	$	(2.0	)	$	(0.2	)	Revenue and Cost of revenue
Interest rate swap contracts		(12.8	)		(6.8	)	Interest and foreign exchange
		(14.8	)		(7.0	)
		3.1			2.2		Income tax expense
	$	(11.7	)	$	(4.8	)