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Derivative Instruments (Tables)

6 Months Ended

Feb. 28, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Values of Derivative Instruments

Fair Values of Derivative Instruments

(in millions)

		Asset Derivatives										Liability Derivatives
				February 28, 2025				August 31, 2024						February 28, 2025				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		$	6.0			$	4.3			Accounts payable and accrued liabilities		$	0.2			$	0.1
Interest rate swap contracts		Accounts receivable, net			23.7				19.7			Accounts payable and accrued liabilities			0.4				1.3
				$	29.7			$	24.0					$	0.6			$	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 February 28, 2025 and February 29, 2024

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
				February 28, 2025				February 29, 2024
Foreign exchange contracts		Interest and foreign exchange		$	(0.2	)		$	—

Derivatives in cash flow hedging relationships	Gain (loss) recognized in AOCL on derivatives three months ended							Location of gain (loss) reclassified from AOCL into income	Gain (loss) reclassified from AOCL into income three months ended							Gain recognized on derivatives (amount excluded from effectiveness testing) three months ended
	February 28, 2025				February 29, 2024				February 28, 2025				February 29, 2024			February 28, 2025				February 29, 2024
Foreign exchange contracts	$	4.4			$	0.5		Revenue	$	1.1			$	0.8		$	(1.4	)		$	0.6
Foreign exchange contracts		0.2				0.2		Cost of revenue		—				—			—				0.3
Interest rate swap contracts		1.1				2.9		Interest and foreign exchange		3.1				4.2			—				—
	$	5.7			$	3.6			$	4.2			$	5.0		$	(1.4	)		$	0.9

The Effect of Derivative Instruments on the Statements of Income

(in millions)

Six months ended February 28, 2025 and February 29, 2024

Derivatives in cash flow hedging relationships		Location of gain (loss) recognized in income on derivatives		Gain (loss) recognized in income on derivatives six months ended
				February 28, 2025				February 29, 2024
Foreign exchange contracts		Interest and foreign exchange		$	(0.3	)		$	0.2

Derivatives in cash flow hedging relationships		Gain (loss) recognized in AOCL on derivatives six months ended								Location of gain (loss) reclassified from AOCL into income		Gain (loss) reclassified from AOCL into income six months ended								Gain (loss) recognized on derivatives (amount excluded from effectiveness testing) six months ended
		February 28, 2025				February 29, 2024						February 28, 2025				February 29, 2024				February 28, 2025				February 29, 2024
Foreign exchange contracts		$	3.1			$	2.9			Revenue		$	1.6			$	1.0			$	(0.6	)		$	1.2
Foreign exchange contracts			(0.2	)			—			Cost of revenue			(0.1	)			(0.1	)			—				0.6
Interest rate swap contracts			12.0				6.0			Interest and foreign exchange			7.1				8.5				—				—
		$	14.9			$	8.9					$	8.6			$	9.4			$	(0.6	)		$	1.8

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 February 28, 2025 and February 29, 2024:

		For the Three Months Ended
		February 28, 2025								February 29, 2024
		Total				Amount of gain (loss) on cash flow hedge activity				Total				Amount of gain (loss) on cash flow hedge activity
Revenue		$	762.1			$	1.1			$	862.7			$	0.8
Cost of revenue		$	623.5			$	—			$	740.5			$	—
Interest and foreign exchange		$	21.7			$	3.1			$	24.6			$	4.2

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 six months ended February 28, 2025 and February 29, 2024:

		For the Six Months Ended
		February 28, 2025								February 29, 2024
		Total				Amount of gain (loss) on cash flow hedge activity				Total				Amount of gain (loss) on cash flow hedge activity
Revenue		$	1,638.0			$	1.6			$	1,671.5			$	1.0
Cost of revenue		$	1,325.8			$	(0.1	)		$	1,428.0			$	(0.1	)
Interest and foreign exchange		$	45.1			$	7.1			$	47.8			$	8.5

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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

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