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Inventories

3 Months Ended

Nov. 25, 2023

Inventory Disclosure [Abstract]

Inventories

Inventories

Inventories consist of the following:

(in millions)			November 25, 2023						August 26, 2023
Finished goods			$	64.0					$	53.0
Work-in-process			145.7						159.9
Raw materials			332.3						305.6
Total			542.0						518.5
Less: Excess of First-in, first-out ("FIFO") over LIFO cost			48.0						47.9
Inventories, net			$	494.0					$	470.6

Inventory valuation methods consist of the following:

(in millions)			November 25, 2023						August 26, 2023
LIFO basis			$	283.8					$	262.6
FIFO basis			258.2						255.9
Total			$	542.0					$	518.5

The above inventory value, before reduction for the LIFO reserve, approximates replacement cost at the respective dates.

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- References

No definition available.

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- Definition

The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 330
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//330/tableOfContent

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