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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 01, 2025
Aug. 31, 2024
Current assets    
Cash and cash equivalents $ 115.5 $ 330.9
Receivables, less allowance for credit losses ($0.2 and $0.2, respectively) 201.6 183.5
Inventories, net 460.2 438.7
Prepaid expenses and other current assets 34.9 35.6
Total current assets 812.2 988.7
Property, plant, and equipment, net 337.2 338.9
Goodwill 484.2 484.2
Other intangible assets, net 467.9 479.0
Investment in life insurance 29.4 29.6
Operating lease assets 44.7 46.6
Other long-term assets 18.4 17.2
Total assets 2,194.0 2,384.2
Current liabilities    
Accounts payable 144.5 144.7
Current maturities of long-term debt, net 59.3 59.1
Accrued expenses:    
Accrued compensation 33.8 35.9
Product warranties 66.7 78.9
Self-insurance 16.1 20.2
Promotional 27.5 30.4
Accrued interest and dividends 3.9 14.6
Other current liabilities 22.0 20.9
Total current liabilities 373.8 404.7
Non-current liabilities    
Long-term debt, net 539.4 637.1
Deferred income tax liabilities, net 2.7 3.0
Unrecognized tax benefits 5.6 5.4
Long-term operating lease liabilities 42.8 45.6
Other long-term liabilities 13.4 15.1
Total liabilities 977.7 1,110.9
Contingent liabilities and commitments (Note 9)
Shareholders' equity:    
Preferred stock, par value $0.01: 10.0 shares authorized; zero shares issued and outstanding 0.0 0.0
Common stock, par value $0.50: 120.0 shares authorized; 51.8 shares issued 25.9 25.9
Additional paid-in capital 199.0 194.2
Retained earnings 1,708.0 1,723.3
Accumulated other comprehensive loss (0.4) (0.4)
Treasury stock, at cost: 23.8 and 23.0 shares, respectively (716.2) (669.7)
Total shareholders' equity 1,216.3 1,273.3
Total liabilities and shareholders' equity $ 2,194.0 $ 2,384.2