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Derivative Instruments (Tables) | 3 Months Ended
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Nov. 30, 2024
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, 2024 |  |  | August 31, 2024 |  |  |  |  | November 30, 2024 |  |  | August 31, 2024 |
|  | Balance sheet location |  | Fair Value |  |  | Fair Value |  |  | Balance sheet location |  | Fair Value |  |  | Fair Value |
Derivatives designated as hedging instruments |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange contracts |  | Accounts receivable, net |  | $ | 3.3 |  |  | $ | 4.3 |  |  | Accounts payable and accrued liabilities |  | $ | 1.1 |  |  | $ | 0.1 |
Interest rate swap contracts |  | Accounts receivable, net |  |  | 25.5 |  |  |  | 19.7 |  |  | Accounts payable and accrued liabilities |  |  | — |  |  |  | 1.3 |
|  |  |  | $ | 28.8 |  |  | $ | 24.0 |  |  |  |  | $ | 1.1 |  |  | $ | 1.4 |
Effect of Derivative Instruments on the Statements of Operations | The Effect of Derivative Instruments on the Statements of Income (in millions) Three months ended November 30, 2024 and 2023
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, |
|  |  |  | 2024 |  |  | 2023 |
Foreign exchange contracts |  | Interest and foreign exchange |  | $ | (0.1 | ) |  | $ | 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 recognized on derivatives (amount excluded from effectiveness testing) three months ended November 30, |
| 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Foreign exchange contracts | $ | (1.3 | ) |  | $ | 2.4 |  | Revenue | $ | 0.5 |  |  | $ | 0.2 |  | Revenue | $ | 0.8 |  |  | $ | 0.6 |
Foreign exchange contracts |  | (0.4 | ) |  |  | (0.2 | ) | Cost of revenue |  | (0.1 | ) |  |  | (0.1 | ) | Cost of revenue |  | — |  |  |  | 0.3 |
Interest rate swap contracts |  | 10.9 |  |  |  | 3.1 |  | Interest and foreign exchange |  | 4.0 |  |  |  | 4.3 |  | Interest and foreign exchange |  | — |  |  |  | — |
| $ | 9.2 |  |  | $ | 5.3 |  |  | $ | 4.4 |  |  | $ | 4.4 |  |  | $ | 0.8 |  |  | $ | 0.9 |
Effects of Cash Flow Hedges Included in Statements of Operations | The following table presents the amounts in the Condensed Consolidated Statements of Income 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, 2024 and 2023:
|  | Three months ended November 30, |
|  | 2024 |  |  | 2023 |
|  | Total |  |  | Amount of gain (loss) on cash flow hedge activity |  |  | Total |  |  | Amount of gain (loss) on cash flow hedge activity |
Revenue |  | $ | 875.9 |  |  | $ | 0.5 |  |  | $ | 808.8 |  |  | $ | 0.2 |
Cost of revenue |  | $ | 702.3 |  |  | $ | (0.1 | ) |  | $ | 687.5 |  |  | $ | (0.1 | )
Interest and foreign exchange |  | $ | 23.4 |  |  | $ | 4.0 |  |  | $ | 23.2 |  |  | $ | 4.3 |

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- Definition 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 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -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 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -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 + Details
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