Restructuring and Related Activities

12 Months Ended

Aug. 31, 2026

Restructuring and Related Activities [Abstract]

ASCEND Transformation Program

Note 3.    ASCEND Transformation Program

In March 2022, the Company announced the start of its ASCEND transformation program. ASCEND’s key initiatives included accelerating organic growth strategies, improving operational excellence and production efficiency by utilizing a Lean approach, and driving greater efficiency and productivity in selling, general and administrative (“SG&A”) expense by better leveraging resources to create a more efficient and agile organization.

The following summarizes ASCEND transformation charges:

(in millions)	2024		Program to Completion
ASCEND Expense recorded in Cost of products sold	$	1.0	$	2.0
ASCEND Expense recorded in SG&A expenses	6.0		54.1
Total ASCEND Expense	7.0		56.1
Recorded with Restructuring charges	7.8		18.6
Total ASCEND Transformation Charges	$	14.8	$	74.7

The ASCEND program was completed as of August 31, 2024, with total program costs of $74.7 million, of which $18.6 million was restructuring charges. The restructuring charges incurred were predominately severance and other employee-related costs (see Note 4, “Restructuring Charges”).