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Segment Information (Tables)
3 Months Ended
Nov. 30, 2024
Segment Reporting [Abstract]  
Segments Internal Financial Reports

The information in the following tables is derived directly from the segments’ internal financial reports used for corporate management purposes.

For the three months ended November 30, 2024:

 

 

Revenue

 

 

Earnings (loss) from operations

 

(in millions)

 

External

 

 

Intersegment

 

 

Total

 

 

External

 

 

Intersegment

 

 

Total

 

Manufacturing

 

$

820.4

 

 

$

2.8

 

 

$

823.2

 

 

$

116.1

 

 

$

 

 

$

116.1

 

Leasing & Fleet Management

 

 

55.5

 

 

 

0.2

 

 

 

55.7

 

 

 

26.7

 

 

 

 

 

 

26.7

 

Eliminations

 

 

 

 

 

(3.0

)

 

 

(3.0

)

 

 

 

 

 

 

 

 

 

Corporate

 

 

 

 

 

 

 

 

 

 

 

(31.0

)

 

 

 

 

 

(31.0

)

 

 

$

875.9

 

 

$

 

 

$

875.9

 

 

$

111.8

 

 

$

 

 

$

111.8

 

 

For the three months ended November 30, 2023:

 

 

Revenue

 

 

Earnings (loss) from operations

 

(in millions)

 

External

 

 

Intersegment

 

 

Total

 

 

External

 

 

Intersegment

 

 

Total

 

Manufacturing

 

$

759.7

 

 

$

58.7

 

 

$

818.4

 

 

$

64.9

 

 

$

4.7

 

 

$

69.6

 

Leasing & Fleet Management

 

 

49.1

 

 

 

0.2

 

 

 

49.3

 

 

 

26.3

 

 

 

 

 

 

26.3

 

Eliminations

 

 

 

 

 

(58.9

)

 

 

(58.9

)

 

 

 

 

 

(4.7

)

 

 

(4.7

)

Corporate

 

 

 

 

 

 

 

 

 

 

 

(26.3

)

 

 

 

 

 

(26.3

)

 

 

$

808.8

 

 

$

 

 

$

808.8

 

 

$

64.9

 

 

$

 

 

$

64.9

 

 

 

 

Total assets

 

(in millions)

 

November 30,
2024

 

 

August 31,
2024

 

Manufacturing

 

$

2,134.7

 

 

$

2,172.4

 

Leasing & Fleet Management

 

 

1,775.3

 

 

 

1,633.6

 

Unallocated, including cash

 

 

377.5

 

 

 

448.5

 

 

$

4,287.5

 

 

$

4,254.5

 

Reconciliation of Earnings from Operations to Earnings Before Income Tax and Earnings from Unconsolidated Affiliates

Reconciliation of Earnings from operations to Earnings before income tax and earnings from unconsolidated affiliates:

 

 

Three months ended
November 30,

 

(in millions)

 

2024

 

 

2023

 

Earnings from operations

 

$

111.8

 

 

$

64.9

 

Interest and foreign exchange

 

 

23.4

 

 

 

23.2

 

Earnings before income tax and earnings from unconsolidated affiliates

 

$

88.4

 

 

$

41.7