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Assets Held for Sale
3 Months Ended
Nov. 30, 2013
Property, Plant and Equipment Assets Held-for-sale Disclosure [Abstract]  
Assets Held for Sale
Assets Held For Sale
The Company classifies long-lived assets as held for sale upon the development of a plan for disposal and in accordance with applicable U.S. GAAP and ceases the depreciation and amortization of the assets at that date. During the first quarter of fiscal 2014, the Company ceased operations at two small manufacturing facilities and classified the remaining assets as held for sale at that time. One property was subsequently sold in the first quarter, resulting in an immaterial loss. The Company is actively marketing the remaining properties classified as held for sale. As of November 30, 2013, the carrying value of the properties held for sale was $6.7, of which $3.9 is included in Prepayments and other current assets and $2.8 is included in Other long-term assets on the Consolidated Balance Sheets.
Further details regarding the Company’s assets held for sale are included within the Significant Accounting Policies footnote of the Notes to Consolidated Financial Statements within the Company’s Form 10-K.