Intangibles and Other Assets, net

12 Months Ended

Aug. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Note 8 — Intangibles and Other Assets, net

The following table summarizes the Company’s identifiable intangible and other assets balance:


	As of August 31,
(In millions)	2025			2024
Intangible assets subject to amortization:
Customer and supplier relationships	$	87.5		$	87.5
Accumulated amortization		(74.8	)		(72.1	)
Other intangible assets		42.3			43.3
Accumulated amortization		(30.1	)		(27.2	)
		24.9			31.5
Intangible assets not subject to amortization		2.3			2.3
Prepaid and other assets		44.3			52.0
Operating lease ROU assets		84.2			65.1
Nonqualified savings plan investments		59.4			54.5
Debt issuance costs, net		7.2			4.8
Deferred tax assets		41.9			34.2
	$	264.2		$	244.4

Amortization expense for the years ended August 31, 2025, 2024, and 2023 was $6.3 million, $7.2 million and $8.0 million, respectively. As of August 31, 2025, amortizable intangible assets had a weighted-average remaining useful life of 6.5 years. Amortization expense for the years ending August 31, 2026, 2027, 2028, 2029 and 2030 is expected to be $6.1 million, $5.2 million, $4.2 million, $2.7 million and $1.6 million, respectively.