v3.24.1
Segment Information (Tables)
 6 Months Ended
Feb. 29, 2024
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following table presents financial information by operating segment for the periods presented (in millions):
Three Months EndedSix Months Ended
February 29, 2024February 28, 2023February 29, 2024February 28, 2023
Net sales:
ABL$843.5 $890.8 $1,719.9 $1,837.9 
ISG68.1 58.2 132.3 115.0 
Eliminations(1)
(5.7)(5.4)(11.6)(11.4)
Total$905.9 $943.6 $1,840.6 $1,941.5 
Operating profit:
ABL$126.0 $123.6 $269.8 $241.7 
ISG9.1 6.3 14.4 14.0 
Unallocated corporate amounts(17.0)(18.4)(33.2)(35.3)
Total$118.1 $111.5 $251.0 $220.4 
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(1) These amounts represent intersegment sales. Profit on these sales eliminates within gross profit on a consolidated basis.
Schedule of Reconciliation of Operating Profit (Loss) from Segments to Consolidated
The following table reconciles operating profit by segment to income before income taxes for the periods presented (in millions):
Three Months EndedSix Months Ended
February 29, 2024February 28, 2023February 29, 2024February 28, 2023
Operating profit - ABL$126.0 $123.6 $269.8 $241.7 
Operating profit - ISG9.1 6.3 14.4 14.0 
Unallocated corporate amounts(17.0)(18.4)(33.2)(35.3)
Operating profit118.1 111.5 251.0 220.4 
Interest (income) expense, net(0.1)5.7 0.8 12.3 
Miscellaneous expense (income), net0.6 (3.7)1.7 5.4 
Income before income taxes$117.6 $109.5 $248.5 $202.7