Leases (Tables)

9 Months Ended

May 31, 2024

Leases [Abstract]

Aggregate Minimum Future Amounts Receivable Under All Non-Cancelable Operating Leases and Subleases

Aggregate minimum future amounts receivable under all non-cancelable operating leases and subleases at May 31, 2024, will mature as follows:

(in millions)
Remaining three months of 2024	$	27.1
2025		97.6
2026		88.4
2027		78.7
2028		60.6
Thereafter		124.0
	$	476.4

Components of Operating Lease Costs

The components of operating lease costs were as follows:

	Three months ended May 31,				Nine months ended May 31,
(in millions)	2024		2023		2024		2023
Operating lease expense	$	4.1	$	2.9	$	12.9	$	9.3
Short-term lease expense		2.0		2.9		4.7		7.3
Total	$	6.1	$	5.8	$	17.6	$	16.6

Aggregate Minimum Future Amounts Payable Under Operating Leases

Aggregate minimum future amounts payable under operating leases having initial or remaining non-cancelable terms at May 31, 2024, will mature as follows:

(in millions)
Remaining three months of 2024	$	3.8
2025		14.4
2026		13.5
2027		10.7
2028		9.8
Thereafter		23.9
Total lease payments	$	76.1
Less: Imputed interest		(7.2	)
Total lease obligations	$	68.9

Additional Information Related to Company's Leases

The table below presents additional information related to the Company’s leases:

Weighted average remaining lease term (years):
Operating leases	10.6
Weighted average discount rate:
Operating leases	2.8	%

Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases were as follows:

(in millions)	Nine Months Ended May 31, 2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	12.8
ROU assets obtained in exchange for new operating lease liabilities	$	8.2