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Long-Term Debt (Tables)

6 Months Ended

Feb. 24, 2024

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Long-term debt consists of the following:

(in millions)			February 24, 2024						August 26, 2023
ABL Credit Facility			$	—					$	—
Senior Secured Notes			300.0						300.0
2030 Convertible Notes			350.0						—
2025 Convertible Notes			59.3						300.0
Long-term debt, gross			709.3						600.0
Debt issuance costs, net			(14.5)						(7.6)
Long-term debt, net			$	694.8					$	592.4

The fair value of long-term debt, gross is as follows:

(in millions)			February 24, 2024						August 26, 2023
ABL Credit Facility			$	—					$	—
Senior Secured Notes			296.2						291.2
2030 Convertible Notes			369.8						—
2025 Convertible Notes			71.6						349.0
Long-term debt, gross			$	737.6					$	640.2

Schedule of Maturities of Long-term Debt

Aggregate contractual maturities of debt in future fiscal years are as follows:

(in millions)			Amount
Remainder of Fiscal 2024			$	—
Fiscal 2025			59.3
Fiscal 2026			—
Fiscal 2027			—
Fiscal 2028			300.0
Fiscal 2029			—
Thereafter			350.0
Total			$	709.3

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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