Divestiture Activities

12 Months Ended

Aug. 31, 2025

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Note 6.    Discontinued Operations and Other Divestiture Activities

Discontinued Operations

On October 31, 2019, as part of our overall strategy to become a pure-play industrial tools and services company, the Company completed the sale of the businesses comprising its former EC&S segment. This divestiture was considered part of our strategic shift to become a pure-play industrial tools and services company, and therefore, the results of operations are recorded as a component of “Earnings (loss) from discontinued operations, net of income taxes” in the Consolidated Statements of Earnings for all periods presented. All discontinued operations activity included within the Consolidated Statements of Earnings and the Consolidated Statements of Cash Flows for the periods presented relate to impacts from certain retained liabilities.

The following represents the detail of “Earnings from discontinued operations, net of income taxes” within the Consolidated Statements of Earnings:

(in millions)	Year Ended August 31,
	2024
Selling, general and administrative (benefit)	$	(6.1)
Impairment & divestiture charges	—
Operating income	6.1
Other income, net	—
Earnings before income tax expense	6.1
Income tax expense	2.5
Earnings from discontinued operations, net of income taxes	$	3.5