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Revenue Recognition (Tables)
12 Months Ended
Aug. 31, 2025
Revenue from Contract with Customer [Abstract]  
Summary of Contract Balances

The opening and closing balances of the Company’s contract balances are as follows:

(In millions)

 

Balance sheet classification

 

August 31, 2025

 

 

August 31, 2024

 

 

$ change

 

Contract assets

 

Accounts receivable, net

 

$

5.9

 

 

$

6.7

 

 

$

(0.8

)

Contract assets

 

Inventories

 

$

9.4

 

 

$

10.8

 

 

$

(1.4

)

Contract liabilities 1

 

Deferred revenue

 

$

40.1

 

 

$

54.6

 

 

$

(14.5

)

1 Contract liabilities balance includes deferred revenue within the scope of Revenue from Contracts with Customers (Topic 606).

Summary of Estimated Transaction Prices Related to Performance Obligations Wholly or Partially Unsatisfied The following table outlines estimated transaction prices related to performance obligations wholly or partially unsatisfied, that the Company anticipates will be recognized in future periods.

(In millions)

 

August 31, 2025

 

Revenue type:

 

 

 

Manufacturing – Railcar sales

 

$

1,448.7

 

Manufacturing – Railcar maintenance

 

$

55.3

 

Fleet management

 

$

131.8

 

Summary of Revenue Disaggregated by Categories

The following table presents the Company's revenue disaggregated by category:

 

 

For the Year Ended August 31,

 

(In millions)

 

2025

 

 

2024

 

 

2023

 

Manufacturing:

 

 

 

 

 

 

 

 

 

Railcar sales

 

$

2,606.6

 

 

$

2,952.7

 

 

$

3,341.4

 

Railcar maintenance

 

 

384.6

 

 

 

359.7

 

 

 

422.7

 

 

 

 

2,991.2

 

 

 

3,312.4

 

 

 

3,764.1

 

Leasing & Fleet Management

 

 

249.0

 

 

 

232.3

 

 

 

179.9

 

Total Revenue

 

$

3,240.2

 

 

$

3,544.7

 

 

$

3,944.0