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Accumulated Other Comprehensive Loss
 6 Months Ended
Feb. 28, 2025
Equity [Abstract]  
Accumulated Other Comprehensive Loss

Note 9 – Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss (AOCL), net of tax effect as appropriate, consisted of the following:

(in millions)

 

Unrealized Gain (Loss) on Derivative Financial Instruments

 

 

Foreign Currency Translation Adjustment

 

 

Other

 

 

AOCL

 

Balance, August 31, 2024

 

$

15.2

 

 

$

(47.0

)

 

$

(2.2

)

 

$

(34.0

)

Other comprehensive gain (loss) before reclassifications

 

 

10.9

 

 

 

(11.2

)

 

 

0.4

 

 

 

0.1

 

Amounts reclassified from AOCL

 

 

(6.9

)

 

 

—

 

 

 

—

 

 

 

(6.9

)

Balance, February 28, 2025

 

$

19.2

 

 

$

(58.2

)

 

$

(1.8

)

 

$

(40.8

)

The amounts reclassified out of AOCL into the Condensed Consolidated Statements of Income, with financial statement caption, were as follows:

 

 

Three Months Ended

 

 

 

(in millions)

 

February 28,
2025

 

 

February 29,
2024

 

 

Financial Statement Caption

Gain on derivative financial instruments:

 

 

 

 

 

 

 

 

Foreign exchange contracts

 

$

(1.1

)

 

$

(0.8

)

 

Revenue and Cost of revenue

Interest rate swap contracts

 

 

(3.1

)

 

 

(4.2

)

 

Interest and foreign exchange

 

 

(4.2

)

 

 

(5.0

)

 

 

 

 

0.8

 

 

 

1.0

 

 

Income tax expense

 

 

$

(3.4

)

 

$

(4.0

)

 

 

 

 

 

Six Months Ended

 

 

 

(in millions)

 

February 28,
2025

 

 

February 29,
2024

 

 

Financial Statement Caption

Gain on derivative financial instruments:

 

 

 

 

 

 

 

 

Foreign exchange contracts

 

$

(1.5

)

 

$

(0.9

)

 

Revenue and Cost of revenue

Interest rate swap contracts

 

 

(7.1

)

 

 

(8.5

)

 

Interest and foreign exchange

 

 

(8.6

)

 

 

(9.4

)

 

 

 

 

1.7

 

 

 

1.9

 

 

Income tax expense

 

 

$

(6.9

)

 

$

(7.5

)