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Accumulated Other Comprehensive Loss
 3 Months Ended
Nov. 30, 2024
Equity [Abstract]  
Accumulated Other Comprehensive Loss

Note 9 – 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, 2024

 

$

15.2

 

 

$

(47.0

)

 

$

(2.2

)

 

$

(34.0

)

Other comprehensive gain (loss) before reclassifications

 

 

7.2

 

 

 

(11.3

)

 

 

—

 

 

 

(4.1

)

Amounts reclassified from Accumulated other comprehensive loss

 

 

(3.5

)

 

 

—

 

 

 

—

 

 

 

(3.5

)

Balance, November 30, 2024

 

$

18.9

 

 

$

(58.3

)

 

$

(2.2

)

 

$

(41.6

)

 

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
November 30,

 

 

 

(in millions)

 

2024

 

 

2023

 

 

Financial Statement Caption

Gain on derivative financial instruments:

 

 

 

 

 

 

 

 

Foreign exchange contracts

 

$

(0.4

)

 

$

(0.1

)

 

Revenue and Cost of revenue

Interest rate swap contracts

 

 

(4.0

)

 

 

(4.3

)

 

Interest and foreign exchange

 

 

(4.4

)

 

 

(4.4

)

 

 

 

 

0.9

 

 

 

0.9

 

 

Income tax expense

 

 

$

(3.5

)

 

$

(3.5

)