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Fair Value Measures (Tables)
12 Months Ended
Aug. 31, 2025
Fair Value Disclosures [Abstract]  
Assets and Liabilities Measured at Fair Value on Recurring Basis

Assets and liabilities measured at fair value on a recurring basis as of August 31, 2025 are:

(In millions)

 

Total

 

 

Level 1

 

 

Level 2(1)

 

 

Level 3

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Derivative financial instruments

 

$

19.0

 

 

$

 

 

$

19.0

 

 

$

 

Nonqualified savings plan investments

 

 

59.4

 

 

 

59.4

 

 

 

 

 

 

 

Cash equivalents

 

 

134.0

 

 

 

134.0

 

 

 

 

 

 

 

 

$

212.4

 

 

$

193.4

 

 

$

19.0

 

 

$

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Derivative financial instruments

 

$

3.6

 

 

$

 

 

$

3.6

 

 

$

 

 

 

 

 

 

 

 

 

 

0

 

 

 

 

Assets and liabilities measured at fair value on a recurring basis as of August 31, 2024 are:

(In millions)

 

Total

 

 

Level 1

 

 

Level 2(1)

 

 

Level 3

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Derivative financial instruments

 

$

24.0

 

 

$

 

 

$

24.0

 

 

$

 

Nonqualified savings plan investments

 

 

54.5

 

 

 

54.5

 

 

 

 

 

 

 

Cash equivalents

 

 

195.3

 

 

 

195.3

 

 

 

 

 

 

 

 

$

273.8

 

 

$

249.8

 

 

$

24.0

 

 

$

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Derivative financial instruments

 

$

1.4

 

 

$

 

 

$

1.4

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1 Level 2 assets include derivative financial instruments which are valued based on significant observable inputs. See Note 12 - Derivative Instruments to the Consolidated Financial Statements for further discussion.