Share-Based Compensation (Tables)

3 Months Ended

Nov. 30, 2024

Share-Based Payment Arrangement [Abstract]

Summary of Type and Fair Value of Share-Based Compensation Awards

The following table illustrates the type and fair value of share-based compensation awards granted during the three months ended November 30, 2024 and 2023:

	Three months ended
	November 30, 2024				November 30, 2023
	Number of units granted		Weighted average grant-date fair value per award		Number of units granted		Weighted average grant-date fair value per award
Stock options		43,011	$	42.19		31,199	$	44.22
RSUs		31,525	$	117.11		26,685	$	116.71
PSUs		28,280	$	133.30		21,248	$	141.61

Schedule of Assumptions Used

The following table provides the assumptions used in determining the fair value of the stock options awarded during the three months ended November 30, 2024 and 2023:

	Three months ended November 30,
	2024			2023
Dividend yield		1.2	%		1.2	%
Volatility		36.8	%		37.8	%
Risk-free interest rate		4.1	%		4.8	%
Expected life (years)		5			5

Schedule of Assumptions Used to Estimate Fair Value of TSR Portion of Awards Granted

The fair value of the TSR portion of the awards granted during the three months ended November 30, 2024 and 2023 was estimated at the grant date using a Monte Carlo simulation model which included the following assumptions:

	Three months ended November 30,
	2024			2023
Expected term (years)		3			3
Risk-free interest rate		4.1	%		4.9	%
Volatility		35.2	%		34.6	%
Dividend yield		1.2	%		1.2	%