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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Aug. 31, 2026
Property, Plant, and Equipment [Line Items]  
Property, Plant, and Equipment [Table Text Block] The following is a summary of the Company's components of property, plant and equipment:
August 31,
(in millions)20262025
Land, buildings and improvements$27.5 $27.3 
Machinery and equipment156.3 152.1 
Gross property, plant and equipment183.8 179.4 
Less: Accumulated depreciation(129.4)(126.1)
Property, plant and equipment, net$54.4 $53.3 
Reconciliation of Changes in Accrued Product Warranty
Product Warranty Costs: The Company generally offers its customers an assurance warranty on products sold, although warranty periods may vary by product type and application. The reserve for future warranty claims, which is recorded within the “Other current liabilities” line on the Consolidated Balance Sheets, is based on historical claim rates and current warranty cost experience. The following is a roll-forward of the changes in product warranty reserves for fiscal 2026 and 2025:
August 31,
(in millions)20262025
Beginning balance$1.1 $0.5 
Provision for warranties0.9 1.2 
Warranty payments and costs incurred(0.9)(1.1)
Warranty activity for acquired businesses— 0.4 
Impact of changes in foreign currency rates— 0.1 
Ending balance$1.1 $1.1 
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Loss: The following is a summary of the components included within accumulated other comprehensive loss:
August 31,
(in millions)20262025
Foreign currency translation adjustments, net of tax$87.7 $89.0 
Pension and other postretirement benefit plans, net of tax12.8 15.1 
Cash flow hedges, net of tax(0.4)— 
Accumulated other comprehensive loss$100.1 $104.1 
Tariff Refunds
Tariff Refunds: Commencing in April 2025, the U.S. government implemented tariffs of at least 10% on goods imported from nearly all countries pursuant to the International Emergency Economic Powers Act (“IEEPA”). In February 2026, the U.S. Supreme Court ruled that these tariffs imposed under IEEPA were invalid. Subsequently, the U.S. Court of International Trade ruled that the collected tariffs in question must be refunded in accordance with the law. The U.S. government has appealed certain aspects of the Court of International Trade's orders relating to the refund of certain finally liquidated entries. U.S. Customs and Border Protection (“CBP”) has implemented the Consolidated Administration and Processing of Entries (“CAPE”) process to facilitate the submission and processing of valid requests for refunds of IEEPA duties. The Company has initiated the process of requesting refunds for IEEPA tariffs previously paid.
We applied the loss recovery model and determined the expected receipt of the refund of the previously paid IEEPA tariffs is probable. We estimate the amount of the probable refund to be $7.2 million, which was recorded in the year ended August 31, 2026 within “Other current assets” in the Consolidated Balance Sheets and as a reduction to “Cost of products sold” in the Consolidated Statements of Earnings. The net impact of IEEPA tariffs, inclusive of the refund, and the cash received from the refund process, were immaterial during the year ended August 31, 2026.