Acuity Brands (AYI) 10-Q3 Apr 192019 Q2 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Feb. 28, 2019	Mar. 29, 2019
Document and Entity Information [Abstract]
Entity Registrant Name	ACUITY BRANDS INC
Entity Central Index Key	0001144215
Document Type	10-Q
Document Period End Date	Feb. 28, 2019
Amendment Flag	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--08-31
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		39,907,302
Entity Small Business	false
Entity Emerging Growth Company	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Feb. 28, 2019	Aug. 31, 2018
Current assets:
Cash and cash equivalents	$ 232	$ 129.1
Accounts receivable, less reserve for doubtful accounts of $1.4 and $1.3, respectively	520.1	637.9
Inventories	413	411.8
Prepayments and other current assets	67.5	32.3
Total current assets	1,232.6	1,211.1
Property, plant, and equipment, at cost:
Land	22.8	22.9
Buildings and leasehold improvements	188.7	189.1
Machinery and equipment	537	516.6
Total property, plant, and equipment	748.5	728.6
Less — Accumulated depreciation and amortization	(464.3)	(441.9)
Property, plant, and equipment, net	284.2	286.7
Goodwill	968.5	970.6
Intangible assets, net	482.4	498.7
Deferred income taxes	2.9	2.9
Other long-term assets	21.2	18.8
Total assets	2,991.8	2,988.8
Current liabilities:
Accounts payable	351.1	451.1
Current maturities of long-term debt	7	0.4
Accrued compensation	61	67
Other accrued liabilities	165.3	164.2
Total current liabilities	584.4	682.7
Long-term debt	349.7	356.4
Accrued pension liabilities	62.9	64.6
Deferred income taxes	89.8	92.5
Self-insurance reserves	8.3	7.9
Other long-term liabilities	94.9	67.9
Total liabilities	1,190	1,272
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $0.01 par value; 50,000,000 shares authorized; none issued	0	0
Common stock, $0.01 par value; 500,000,000 shares authorized; 53,744,644 and 53,667,327 issued, respectively	0.5	0.5
Paid-in capital	917.5	906.3
Retained earnings	2,121.6	1,999.2
Accumulated other comprehensive loss	(114.7)	(114.8)
Treasury stock, at cost — 14,075,197 and 13,676,689 shares, respectively	(1,123.1)	(1,074.4)
Total stockholders’ equity	1,801.8	1,716.8
Total liabilities and stockholders’ equity	$ 2,991.8	$ 2,988.8

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Feb. 28, 2019	Aug. 31, 2018
Current assets:
Allowance for doubtful accounts	$ 1.4	$ 1.3
Stockholders’ equity:
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (shares)	50,000,000	50,000,000
Preferred stock, shares issued (shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (shares)	500,000,000	500,000,000
Common stock, shares issued (shares)	53,744,644	53,667,327
Treasury stock, shares (shares)	14,075,197	13,676,689

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Feb. 28, 2019	Feb. 28, 2018	Feb. 28, 2019	Feb. 28, 2018
Income Statement [Abstract]
Net sales	$ 854.4	$ 832.1	$ 1,787	$ 1,674.9
Cost of products sold	520.5	497.6	1,085.6	990.5
Gross profit	333.9	334.5	701.4	684.4
Selling, distribution, and administrative expenses	237.6	244.4	487.7	473.9
Special charge	0.4	0.6	1.4	0.8
Operating profit	95.9	89.5	212.3	209.7
Other expense (income):
Interest expense, net	8.6	8	17.3	16.1
Miscellaneous expense, net	1.1	2.8	2.4	4
Total other expense	9.7	10.8	19.7	20.1
Income before income taxes	86.2	78.7	192.6	189.6
Income tax expense (benefit)	19.9	(18.2)	46.7	21.2
Net income	$ 66.3	$ 96.9	$ 145.9	$ 168.4
Earnings per share:
Basic earnings per share (in dollars per share)	$ 1.68	$ 2.34	$ 3.67	$ 4.05
Basic weighted average number of shares outstanding (in shares)	39.5	41.4	39.7	41.6
Diluted earnings per share (in dollars per share)	$ 1.67	$ 2.33	$ 3.66	$ 4.04
Diluted weighted average number of shares outstanding (in shares)	39.6	41.5	39.8	41.7
Dividends declared per share (in dollars per share)	$ 0.13	$ 0.13	$ 0.26	$ 0.26
Comprehensive income:
Net income	$ 66.3	$ 96.9	$ 145.9	$ 168.4
Other comprehensive income (loss) items:
Foreign currency translation adjustments	4.9	2.5	(3.9)	(8)
Defined benefit plans, net of tax	1.4	1.8	4	3.4
Other comprehensive income (loss), net of tax	6.3	4.3	0.1	(4.6)
Comprehensive income	$ 72.6	$ 101.2	$ 146	$ 163.8

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Feb. 28, 2019	Feb. 28, 2018
Cash flows from operating activities:
Net income	$ 145.9	$ 168.4
Adjustments to reconcile net income to net cash flows from operating activities:
Depreciation and amortization	43.3	38.3
Share-based payment expense	15.3	16.8
Loss on sale or disposal of property, plant, and equipment	0.4	0.1
Deferred income taxes	0.4	(32)
Change in assets and liabilities, net of effect of acquisitions, divestitures, and exchange rate changes:
Accounts receivable	139.6	73.2
Inventories	(1.3)	6.8
Prepayments and other current assets	(21.8)	(9.2)
Accounts payable	(102.6)	(54)
Other current liabilities	(38.9)	(39.8)
Other	8	9
Net cash provided by operating activities	188.3	177.6
Cash flows from investing activities:
Purchases of property, plant, and equipment	(24.9)	(20.9)
Acquisition of businesses, net of cash acquired	0	(26.4)
Other investing activities	2.9	0.7
Net cash used for investing activities	(22)	(46.6)
Cash flows from financing activities:
Borrowings on credit facility	86.5	0
Repayments of borrowings on credit facility	(86.5)	0
Repayments of long-term debt	(0.2)	(0.2)
Repurchases of common stock	(48.7)	(194.3)
Proceeds from stock option exercises and other	0.3	1.4
Payments of taxes withheld on net settlement of equity awards	(4.3)	(6.7)
Dividends paid	(10.5)	(10.9)
Net cash used for financing activities	(63.4)	(210.7)
Effect of exchange rate changes on cash and cash equivalents	0	(1.6)
Net change in cash and cash equivalents	102.9	(81.3)
Cash and cash equivalents at beginning of period	129.1	311.1
Cash and cash equivalents at end of period	232	229.8
Supplemental cash flow information:
Income taxes paid during the period	63.2	80.3
Interest paid during the period	$ 24.5	$ 23.4

Description of Business and Bas

Description of Business and Basis of Presentation	6 Months Ended
Description of Business and Basis of Presentation	Feb. 28, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business and Basis of Presentation	Description of Business and Basis of Presentation Acuity Brands, Inc. (“Acuity Brands”) is the parent company of Acuity Brands Lighting, Inc. (“ABL”) and other subsidiaries (Acuity Brands, ABL, and such other subsidiaries are collectively referred to herein as “we,” “our,” “us,” “the Company," or similar references) and was incorporated in 2001 under the laws of the State of Delaware. We are one of the world’s leading providers of lighting and building management solutions and services for commercial, institutional, industrial, infrastructure, and residential applications throughout North America and select international markets. Our lighting and building management solutions include devices such as luminaires, lighting controls, controllers for various building systems, power supplies, prismatic skylights, and drivers, as well as integrated systems designed to optimize energy efficiency and comfort for various indoor and outdoor applications. Additionally, we continue to expand our solutions portfolio, including software and services, to provide a host of other economic benefits resulting from data analytics that enables the Internet of Things (“IoT”), supports the advancement of smart buildings, smart cities, and the smart grid, and allows businesses to develop custom applications to scale their operations. We have one reportable segment serving the North American lighting market and select international markets. We prepared the Consolidated Financial Statements in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) to present the financial position, results of operations, and cash flows of Acuity Brands and its wholly-owned subsidiaries. These unaudited interim consolidated financial statements reflect all normal and recurring adjustments that are, in the opinion of management, necessary to present fairly our consolidated financial position as of February 28, 2019 , our consolidated comprehensive income for the three and six months ended February 28, 2019 and 2018 , and our consolidated cash flows for the six months ended February 28, 2019 and 2018 . Certain information and footnote disclosures normally included in our annual financial statements prepared in accordance with U.S. GAAP have been condensed or omitted. However, we believe that the disclosures included herein are adequate to make the information presented not misleading. These financial statements should be read in conjunction with the audited consolidated financial statements of the Company as of and for the three years ended August 31, 2018 and notes thereto included in our Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on October 25, 2018 (File No. 001-16583) (“Form 10-K”). The results of operations for the three and six months ended February 28, 2019 and 2018 are not necessarily indicative of the results to be expected for the full fiscal year due primarily to seasonality, which results in our net sales and net income generally being higher in the second half of our fiscal year, the impact of any acquisitions, and, among other reasons, the continued uncertainty of general economic conditions that may impact our key end markets for the remainder of fiscal 2019

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
Significant Accounting Policies	Feb. 28, 2019
Accounting Policies [Abstract]
Significant Accounting Policies	Significant Accounting Policies Use of Estimates The preparation of financial statements and related disclosures in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expense during the reporting period. Actual results could differ from those estimates. Reclassifications Certain prior-period amounts have been reclassified to conform to the current year presentation. No material reclassifications occurred during the current period. Refer to the New Accounting Pronouncements

Acquisitions and Investments

Acquisitions and Investments	6 Months Ended
Acquisitions and Investments	Feb. 28, 2019
Business Combinations [Abstract]
Acquisitions and Investments	Acquisitions and Investments No acquisitions were completed during the first six months of fiscal 2019. The following discussion relates to acquisitions completed during fiscal 2018. IOTA Engineering, LLC On May 1, 2018, using cash on hand and borrowings available under existing credit arrangements, we acquired all of the equity interests of IOTA Engineering, LLC (“IOTA”). IOTA is headquartered in Tucson, Arizona and manufactures highly engineered emergency lighting products and power equipment for commercial and institutional applications both in the U.S. and international markets. The operating results of IOTA have been included in our consolidated financial statements since the date of acquisition and are not material to our financial condition, results of operations, or cash flows. Lucid Design Group, Inc. On February 12, 2018, using cash on hand, we acquired all of the equity interests of Lucid Design Group, Inc (“Lucid”). Lucid is headquartered in Oakland, California and provides a data and analytics platform to make data-driven decisions to improve building efficiency and drive energy conservation and savings. The operating results of Lucid have been included in our consolidated financial statements since the date of acquisition and are not material to our financial condition, results of operations, or cash flows. Accounting for Fiscal 2018 Acquisitions Acquisition-related costs were expensed as incurred. Amounts related to the acquisition accounting for these acquisitions are reflected in the Consolidated Balance Sheets . The aggregate purchase price of these acquisitions reflects total goodwill and identified intangible assets of approximately $77.0 million and $81.8 million , respectively, as of February 28, 2019 . Identified intangible assets consist of indefinite-lived marketing-related intangibles as well as definite-lived customer-based and technology-based assets, which have a weighted average useful life of approximately 14

New Accounting Pronouncements

New Accounting Pronouncements	6 Months Ended
New Accounting Pronouncements	Feb. 28, 2019
Accounting Changes and Error Corrections [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements Accounting Standards Adopted in Fiscal 2019 ASU 2017-01 -— Clarifying the Definition of a Business In January 2017, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2017-01, Clarifying the Definition of a Business (“ASU 2017-01”), which requires an evaluation of whether substantially all of the fair value of assets obtained in an acquisition is concentrated in a single identifiable asset or a group of similar identifiable assets. If so, the transaction does not qualify as a business. The guidance also requires an acquired business to include at least one substantive process and narrows the definition of outputs. We adopted ASU 2017-01 effective September 1, 2018 and applied the guidance prospectively. The provisions of ASU 2017-01 did not have a material effect on our financial condition, results of operations, or cash flows. ASU 2016-15 — Statement of Cash Flows In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (“ASU 2016-15”), which is intended to reduce the diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. These cash flows include debt prepayment and extinguishment costs, contingent consideration payments made after a business combination, proceeds from the settlement of insurance claims, and proceeds from the settlement of corporate-owned life insurance. We adopted ASU 2016-15 effective September 1, 2018 and applied the changes retrospectively. We maintain life insurance policies on certain former employees primarily to satisfy obligations under certain deferred compensation plans. As required by the standard, proceeds from these policies are now classified as cash inflows from investing activities. We received $0.8 million and $0.7 million from corporate-owned life insurance policies during the six months ended February 28, 2019 and 2018 , respectively. As such, cash flows from operations for the six months ended February 28, 2018 decreased $0.7 million , with a corresponding increase to cash flows from investing activities, compared to amounts previously reported. The remaining provisions of ASU 2016-15 do not apply to us for the periods presented. ASU 2017-07 — Presentation of Net Periodic Pension Cost In March 2017, the FASB issued ASU No. 2017-07, Compensation — Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost (“ASU 2017-07”), which changes the presentation of net periodic pension cost related to employer sponsored defined benefit plans and other postretirement benefits. Service cost is now included within the same income statement line item as other compensation costs arising from services rendered during the period, while other components of net periodic pension cost are presented separately outside of operating income. Additionally, only service costs may be capitalized in assets. We adopted ASU 2017-07 effective as of September 1, 2018. We applied the standard retrospectively for the presentation of the service cost component and the other components of net periodic pension cost within our income statements. As a practical expedient, we used amounts previously disclosed in the Pension and Defined Contribution Plans footnote of the Notes to Consolidated Financial Statements within our Form 10-K as the basis for retrospective application because amounts capitalized in inventory at a given point in time are de minimis and determining these amounts was impractical. Upon adoption of ASU 2017-07, our previously reported Operating profit for the three and six months ended February 28, 2018 increased $1.5 million and $3.1 million , respectively, with a corresponding increase to Miscellaneous expense, net . The provisions of ASU 2017-07 have no impact to our net income or earnings per share. The impact of the provisions of ASU 2017-07 on the Consolidated Statement of Comprehensive Income for the three and six months ended February 28, 2018 are as follows (in millions): Three Months Ended February 28, 2018 Six Months Ended February 28, 2018 As Revised Previously Reported Higher (Lower) As Revised Previously Reported Higher (Lower) Cost of products sold $ 497.6 $ 497.2 $ 0.4 $ 990.5 $ 989.8 $ 0.7 Selling, distribution, and administrative expenses 244.4 246.3 (1.9 ) 473.9 477.7 (3.8 ) Miscellaneous expense, net 2.8 1.3 1.5 4.0 0.9 3.1 ASC 606 — Revenue from Contracts with Customers In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”), which replaced the existing revenue recognition guidance in U.S. GAAP. Since the issuance of ASU 2014-09, the FASB released several amendments to improve and clarify the implementation guidance, as well as to change the effective date. These standards have been collectively codified within Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers (“ASC 606”). ASC 606 outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers. The standard also requires additional disclosures about the nature, timing, and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in those judgments. We adopted ASC 606 effective September 1, 2018 using the modified retrospective method and recognized a cumulative effect of applying ASC 606 of $13.0 million in Retained earnings on the Consolidated Balance Sheet as of this date. We applied the standard to all contracts as of the transition date. Information for prior years presented has not been restated and continues to reflect the authoritative accounting standards in effect for those periods. Adjustments related to the adoption of ASC 606 include additional deferrals of revenue recognition for service-type warranties and the gross presentation of right of return assets and refund liabilities for sales with a right of return. The effects of the adoption of ASC 606 on our Consolidated Statement of Comprehensive Income for the three and six months ended February 28, 2019 , and the Consolidated Balance Sheet as of February 28, 2019 are as follows (in millions except per share amounts): Consolidated Statement of Comprehensive Income Three Months Ended February 28, 2019 Six Months Ended February 28, 2019 As Currently Reported Without ASC 606 Adoption Higher (Lower) As Currently Reported Without ASC 606 Adoption Higher (Lower) Net sales $ 854.4 $ 856.0 $ (1.6 ) $ 1,787.0 $ 1,791.0 $ (4.0 ) Cost of products sold 520.5 521.0 (0.5 ) 1,085.6 1,087.4 (1.8 ) Selling, distribution, and administrative expenses 237.6 237.5 0.1 487.7 487.5 0.2 Operating profit 95.9 97.1 (1.2 ) 212.3 214.7 (2.4 ) Income tax expense 19.9 20.2 (0.3 ) 46.7 47.3 (0.6 ) Net income 66.3 67.2 (0.9 ) 145.9 147.7 (1.8 ) Basic earnings per share $ 1.68 $ 1.70 $ (0.02 ) $ 3.67 $ 3.72 $ (0.05 ) Diluted earnings per share 1.67 1.69 (0.02 ) 3.66 3.71 (0.05 ) Consolidated Balance Sheet February 28, 2019 As Currently Reported Without ASC 606 Adoption Higher (Lower) Accounts receivable, net $ 520.1 500.5 $ 19.6 Prepayments and other current assets 67.5 52.3 15.2 Other accrued liabilities 165.3 130.3 35.0 Deferred income tax liabilities 89.8 94.6 (4.8 ) Other long-term liabilities 94.9 75.5 19.4 Retained earnings 2,121.6 2,136.4 (14.8 ) Accounting Standards Yet to Be Adopted In August 2018, the FASB issued ASU No. 2018-15, Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract (“ASU 2018-15”), which will require customers to apply internal-use software guidance to determine the implementation costs that are able to be capitalized. Capitalized implementation costs will be required to be amortized over the term of the arrangement, beginning when the cloud computing arrangement is ready for its intended use. ASU 2018-15 is effective for fiscal years (and interim reporting periods within those years) beginning after December 15, 2019. The standard allows changes to be applied either retrospectively or prospectively. We will adopt the standard as required in fiscal 2021. The provisions of ASU 2018-15 are not expected to have a material effect on our financial condition, results of operations, or cash flows. In June 2016, the FASB issued ASU No. 2016-13, Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”), which requires an entity to assess impairment of its financial instruments based on its estimate of expected credit losses. The provisions of ASU 2016-13 are effective for fiscal years (and interim reporting periods within those years) beginning after December 15, 2019. Entities are required to apply these changes through a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective. We will adopt the amendments as required in fiscal 2021. The provisions of ASU 2016-13 are not expected to have a material effect on our financial condition, results of operations, or cash flows. In February 2016, the FASB issued ASU No. 2016-02, Leases (“ASU 2016-02”), which requires lessees to include most leases on the balance sheet. ASU 2016-02 is effective for fiscal years (and interim reporting periods within those years) beginning after December 15, 2018. Since the issuance of ASU 2016-02, the FASB released several amendments to improve and clarify the implementation guidance, as well as to change the allowable adoption methods. These standards have been collectively codified within ASC 842, Leases (“ASC 842”). The standard allows entities to present the effects of the accounting change as either a cumulative adjustment as of the beginning of the earliest period presented or as of the date of adoption. We have an implementation team tasked with reviewing our lease obligations and determining the impact of the new standard to our financial statements. The team is also tasked with identifying appropriate changes to our business processes, systems, and controls to support recognition and disclosure under the new standard. Currently, the implementation team has completed its review of outstanding property leases, which account for a substantial portion of our outstanding lease obligations. The team is in the process of reviewing and analyzing equipment leases, information technology contracts, and other contracts that may have ASC 842 impacts. At this time, we cannot reasonably estimate the impact of adopting the standard. The implementation team reports its findings and progress of the project to management on a frequent basis and to the Audit Committee of the Board of Directors on a quarterly basis. We will adopt the standard as required on September 1, 2019.

Revenue Recognition

Revenue Recognition	6 Months Ended
Revenue Recognition	Feb. 28, 2019
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition We recognize revenue when we transfer control of goods and services to our customers. Revenue is measured as the amount of consideration we expect to receive in exchange for goods and services and is recognized net of allowances for rebates, sales incentives, product returns, and discounts to customers. Sales and use taxes collected on behalf of governmental authorities are excluded from revenues. Payment is generally due and received within 60 days from the point of sale or prior to the transfer of control of certain goods and services. No payment terms extend beyond one year, and we apply the practical expedient within ASC 606 to conclude that no significant financing terms exist within our contracts with customers. Allowances for cash discounts to customers are estimated using the expected value method based on historical experience and are recorded as a reduction to sales. Our standard terms and conditions of sale allow for the return of certain products within four months of the date of shipment. We also provide for limited product return rights to certain distributors and other customers, primarily for slow moving or damaged items subject to certain defined criteria. The limited product return rights generally allow customers to return resalable products purchased within a specified time period and subject to certain limitations, including, at times, when accompanied by a replacement order of equal or greater value. At the time revenue is recognized, we record a refund liability for the expected value of future returns primarily based on historical experience, specific notification of pending returns, or based on contractual terms with the respective customers. Although historical product returns generally have been within expectations, there can be no assurance that future product returns will not exceed historical amounts. A significant increase in product returns could have a material adverse impact on our operating results in future periods. Total refund liabilities recorded under ASC 606 related to rights of return, cash discounts, and other miscellaneous credits to customers were $36.9 million and $41.2 million as of February 28, 2019 and September 1, 2018 , respectively, and are reflected within Other accrued liabilities on the Consolidated Balance Sheets . Additionally, we record right of return assets for products expected to be returned to our distribution centers, which are included within Prepayments and other current assets on the Consolidated Balance Sheets . Such assets totaled $15.2 million and $16.4 million as of February 28, 2019 and September 1, 2018 , respectively. We also maintain one-time or ongoing marketing and trade-promotion programs with certain customers that require us to estimate and accrue the expected costs of such programs. These arrangements include cooperative marketing programs, merchandising of our products, introductory marketing funds for new products, and other trade-promotion activities conducted by the customer. Costs associated with these programs are generally estimated based on the most likely amount expected to be settled based on the context of the individual contract and are reflected within the Consolidated Statements of Comprehensive Income in accordance with ASC 606, which in most instances requires such costs to be recorded as reductions of revenue. The refund liabilities associated with these programs totaled $32.9 million and $43.9 million as of February 28, 2019 and September 1, 2018 , respectively, and are reflected within Other accrued liabilities on the Consolidated Balance Sheets . Costs to obtain and fulfill contracts, such as sales commissions and shipping and handling activities, are short-term in nature and are expensed as incurred. Nature of Goods and Services Products Approximately 94% of revenue is generated from short-term contracts with our customers to deliver tangible goods such as luminaires, lighting controllers, controllers for various building systems, power supplies, prismatic skylights, and drivers. We record revenue from these contracts when the customer obtains control of those goods. For sales designated free on board shipping point, control is transferred at the time of shipment. For sales designated free on board destination, customers take control when a product is delivered to the customer’s delivery site. Professional Services We collect fees associated with training, installation, and technical support services, primarily related to the set up of our lighting solutions. We recognize revenue for these one-time services at the time the service is performed. We also sell certain service-type warranties that extend coverages for products beyond their base warranties. We account for service-type warranties as distinct performance obligations and recognize revenue for these contracts ratably over the life of the additional warranty period. Claims related to service-type warranties are expensed as incurred. Software Software sales include licenses for software, data usage fees, and software as a service arrangements, which generally extend for one year or less. We recognize revenue for software based on the contractual rights provided to a customer, which typically results in the recognition of revenue ratably over the contractual service period. Shipping and Handling Activities We account for all shipping and handling activities as activities to fulfill the promise to transfer products to our customers. As such, we do not consider shipping and handling activities to be separate performance obligations, and we expense these costs as incurred. Contracts with Multiple Performance Obligations A small portion (approximately 6% ) of our revenue is derived from the combination of any or all of products, professional services, and software licenses. Significant judgment may be required to determine which performance obligations are distinct and should be accounted for separately. We allocate the expected consideration to be collected to each distinct performance obligation based on its standalone selling price. Standalone selling price is generally determined using a cost plus margin valuation when no observable input is available. The amount of consideration allocated to each performance obligation is recognized as revenue in accordance with the timing for products, professional services, and software as described above. Contract Balances Our rights related to collections from customers are unconditional and are reflected within Accounts receivable on the Consolidated Balance Sheets . We do not have any other significant contract assets. Contract liabilities arise when we receive cash or an unconditional right to collect cash prior to the transfer of control of goods or services. The amount of transaction price from contracts with customers allocated to our contract liabilities as of February 28, 2019 and September 1, 2018 consists of the following (in millions): February 28, 2019 September 1, 2018 Current deferred revenues $ 4.4 $ 4.8 Non-current deferred revenues 40.3 35.0 Current deferred revenues primarily consist of software licenses, and to a lesser extent professional service and sales-type warranty fees collected prior to performing the related service. Current deferred revenues are included within Other current liabilities on the Consolidated Balance Sheets . These services are expected to be performed within one year. Non-current deferred revenues primarily consist of long-term service-type warranties, which are typically recognized ratably as revenue between five and ten years from the date of sale, and are included within Other long- term liabilities on the Consolidated Balance Sheets . Revenue recognized from beginning balances of contract liabilities during the six months ended February 28, 2019 totaled $3.1 million . Unsatisfied performance obligations that do not represent contract liabilities consist primarily of orders for physical goods that have not yet been shipped. This backlog of orders at any given time is affected by various factors, including seasonality, cancellations, sales promotions, production cycle times, and the timing of receipt and shipment of orders, which are usually shipped within a few weeks of order receipt. Accordingly, a comparison of backlog orders from period to period is not necessarily meaningful and may not be indicative of future shipments. Disaggregated Revenues Our lighting and building management solutions are sold primarily through independent sales agents who cover specific geographic areas and market channels, by internal sales representatives, through consumer retail channels, and directly to large corporate accounts. The following table shows revenue from contracts with customers by sales channel for the three and six months ended February 28, 2019 (in millions): Three Months Ended Six Months Ended February 28, 2019 February 28, 2019 Independent sales network $ 571.3 $ 1,221.1 Direct sales network 87.3 186.3 Retail sales 73.6 159.1 Corporate accounts 75.3 127.4 Other 46.9 93.1 Total $ 854.4 $ 1,787.0

Fair Value Measurements

Fair Value Measurements	6 Months Ended
Fair Value Measurements	Feb. 28, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements We determine fair value measurements based on the assumptions a market participant would use in pricing an asset or liability. ASC 820, Fair Value Measurements and Disclosures (“ASC 820”), establishes a three level hierarchy making a distinction between market participant assumptions based on (i) unadjusted quoted prices for identical assets or liabilities in an active market (Level 1), (ii) quoted prices in markets that are not active or inputs that are observable either directly or indirectly for substantially the full term of the asset or liability (Level 2), and (iii) prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement (Level 3). Our cash and cash equivalents (Level 1), which are required to be carried at fair value and measured on a recurring basis, were $232.0 million and $129.1 million as of February 28, 2019 and August 31, 2018 , respectively. We utilize valuation methodologies to determine the fair values of our financial assets and liabilities in conformity with the concepts of “exit price” and the fair value hierarchy as prescribed in ASC 820. All valuation methods and assumptions are validated at least quarterly to ensure the accuracy and relevance of the fair values. There were no material changes to the valuation methods or assumptions used to determine fair values during the current period. We used quoted market prices to determine the fair value of Level 1 assets and liabilities. No transfers between the levels of the fair value hierarchy occurred during the current fiscal period. In the event of a transfer in or out of a level within the fair value hierarchy, the transfers would be recognized on the date of occurrence. Disclosures of fair value information about financial instruments (whether or not recognized in the balance sheet), for which it is practicable to estimate that value, are required each reporting period in addition to any financial instruments carried at fair value on a recurring basis as prescribed by ASC 825, Financial Instruments (“ASC 825”). In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. The carrying values and estimated fair values of certain of our financial instruments were as follows at February 28, 2019 and August 31, 2018 (in millions): February 28, 2019 August 31, 2018 Carrying Value Fair Value Carrying Value Fair Value Senior unsecured public notes, net of unamortized discount and deferred costs $ 349.7 $ 357.0 $ 349.5 $ 361.7 Industrial revenue bond 4.0 4.0 4.0 4.0 Bank loans 3.0 3.1 3.3 3.3 The senior unsecured public notes are carried at the outstanding balance, net of unamortized bond discount and deferred costs, as of the end of the reporting period. Fair value is estimated based on discounted future cash flows using rates currently available for debt of similar terms and maturity (Level 2). The industrial revenue bond is carried at the outstanding balance as of the end of the reporting period. The industrial revenue bond is a tax-exempt, variable-rate instrument that resets on a weekly basis; therefore, we estimate that the face amount of the bond approximates fair value as of February 28, 2019 based on bonds of similar terms and maturity (Level 2). The bank loans are carried at the outstanding balance as of the end of the reporting period. Fair value is estimated based on discounted future cash flows using rates currently available for debt of similar terms and maturity (Level 2).

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
Goodwill and Intangible Assets	Feb. 28, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets Through multiple acquisitions, we acquired intangible assets consisting primarily of trademarks and trade names associated with specific products with finite lives, definite-lived distribution networks, patented technology, non-compete agreements, and customer relationships, which are amortized over their estimated useful lives. Indefinite-lived intangible assets consist of trade names that are expected to generate cash flows indefinitely. We recorded amortization expense of $7.7 million and $6.7 million during the three months ended February 28, 2019 and 2018 , respectively, and $15.4 million and $13.3 million during the six months ended February 28, 2019 and 2018 , respectively. Amortization expense is generally recorded on a straight-line basis and is expected to be approximately $30.8 million in fiscal 2019 , $30.8 million in fiscal 2020 , $28.0 million in fiscal 2021 , $27.0 million in fiscal 2022 , and $25.9 million in fiscal 2023 . The changes in the carrying amount of goodwill during the six months ended February 28, 2019 and 2018 are summarized below (in millions): Six Months Ended February 28, 2019 February 28, 2018 Beginning balance $ 970.6 $ 900.9 Additions from acquired businesses — 13.4 Foreign currency translation adjustments (2.1 ) (2.4 ) Ending balance $ 968.5 $ 911.9 Further discussion of goodwill and other intangible assets is included within the Significant Accounting Policies footnote of the Notes to Consolidated Financial Statements

Inventories

Inventories	6 Months Ended
Inventories	Feb. 28, 2019
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories include materials, labor, inbound freight, and related manufacturing overhead, are stated at the lower of cost (on a first-in, first-out or average cost basis) or market, and consist of the following (in millions): February 28, 2019 August 31, 2018 Raw materials, supplies, and work in process (1) $ 183.8 $ 196.8 Finished goods 259.5 251.8 Inventories excluding reserves 443.3 448.6 Less: Reserves (30.3 ) (36.8 ) Total inventories $ 413.0 $ 411.8 _______________________________________ (1)

Earnings Per Share

Earnings Per Share	6 Months Ended
Earnings Per Share	Feb. 28, 2019
Earnings Per Share [Abstract]
Earnings per Share	Earnings Per Share Basic earnings per share for the periods presented is computed by dividing net earnings available to common stockholders by the weighted average number of common shares outstanding. Diluted earnings per share is computed similarly but reflects the potential dilution that would occur if dilutive options were exercised, all unvested share-based payment awards were vested, and other distributions related to deferred stock agreements were incurred. The following table calculates basic earnings per common share and diluted earnings per common share for the three and six months ended February 28, 2019 and 2018 (in millions, except per share data): Three Months Ended Six Months Ended February 28, 2019 February 28, 2018 February 28, 2019 February 28, 2018 Net income $ 66.3 $ 96.9 $ 145.9 $ 168.4 Basic weighted average shares outstanding 39.5 41.4 39.7 41.6 Common stock equivalents 0.1 0.1 0.1 0.1 Diluted weighted average shares outstanding 39.6 41.5 39.8 41.7 Basic earnings per share $ 1.68 $ 2.34 $ 3.67 $ 4.05 Diluted earnings per share $ 1.67 $ 2.33 $ 3.66 $ 4.04 The following table presents stock options and restricted stock awards that were excluded from the diluted earnings per share calculation for the three and six months ended February 28, 2019 and 2018 as the effect of inclusion would have been antidilutive: Three Months Ended Six Months Ended February 28, 2019 February 28, 2018 February 28, 2019 February 28, 2018 Stock options 314,673 189,428 290,360 176,549 Restricted stock awards 189,683 198,186 194,232 216,746 Further discussion of our stock options and restricted stock awards is included within the Common Stock and Related Matters and Share-based Payments footnotes of the Notes to Consolidated Financial Statements

Changes in Stockholders' Equity

Changes in Stockholders' Equity	6 Months Ended
Changes in Stockholders' Equity	Feb. 28, 2019
Equity [Abstract]
Changes in Stockholders' Equity	Changes in Stockholders' Equity The following tables summarize changes in the components of stockholders' equity for the three and six months ended February 28, 2019 and 2018 (in millions): Common Stock Outstanding Shares Amount Paid-in Capital Retained Earnings Accumulated Other Treasury Stock, at cost Total Balance, August 31, 2018 40.0 $ 0.5 $ 906.3 $ 1,999.2 $ (114.8 ) $ (1,074.4 ) $ 1,716.8 Net income — — — 79.6 — — 79.6 Other comprehensive loss — — — — (6.2 ) — (6.2 ) ASC 606 adjustments — — — (13.0 ) — — (13.0 ) Amortization, issuance, and cancellations of restricted stock grants 0.1 — 3.8 — — — 3.8 Employee stock purchase plan issuances — — 0.1 — — — 0.1 Cash dividends of $0.13 per share paid on common stock — — — (5.2 ) — — (5.2 ) Repurchases of common stock (0.2 ) — — — — (25.0 ) (25.0 ) Balance, November 30, 2018 39.9 0.5 910.2 2,060.6 (121.0 ) (1,099.4 ) 1,750.9 Net income — — — 66.3 — — 66.3 Other comprehensive income — — — — 6.3 — 6.3 Amortization, issuance, and cancellations of restricted stock grants — — 7.1 — — — 7.1 Employee stock purchase plan issuances — — 0.2 — — — 0.2 Cash dividends of $0.13 per share paid on common stock — — — (5.3 ) — — (5.3 ) Repurchases of common stock (0.2 ) — — — — (23.7 ) (23.7 ) Balance, February 28, 2019 39.7 $ 0.5 $ 917.5 $ 2,121.6 $ (114.7 ) $ (1,123.1 ) $ 1,801.8 Common Stock Outstanding Shares Amount Paid-in Capital Retained Earnings Accumulated Other Treasury Stock, at cost Total Balance, August 31, 2017 41.8 $ 0.5 $ 881.0 $ 1,659.9 $ (99.7 ) $ (776.1 ) $ 1,665.6 Net income — — — 71.5 — — 71.5 Other comprehensive loss — — — — (8.9 ) — (8.9 ) Amortization, issuance, and cancellations of restricted stock grants 0.1 — 2.5 — — 0.1 2.6 Employee stock purchase plan issuances — — 0.2 — — — 0.2 Cash dividends of $0.13 per share paid on common stock — — — (5.5 ) — — (5.5 ) Stock options exercised — — 0.6 — — — 0.6 Balance, November 30, 2017 41.9 0.5 884.3 1,725.9 (108.6 ) (776.0 ) 1,726.1 Net income — — 96.9 — — 96.9 Other comprehensive income — — — — 4.3 — 4.3 Reclassification of stranded tax effects of the TCJA (1) — — — 11.1 (11.1 ) — — Amortization, issuance, and cancellations of restricted stock grants 0.1 — 7.6 — — — 7.6 Employee stock purchase plan issuances — — 0.1 — — — 0.1 Cash dividends of $0.13 per share paid on common stock — — — (5.4 ) — — (5.4 ) Stock options exercised — — 0.5 — — — 0.5 Repurchases of common stock (1.2 ) — — — — (194.3 ) (194.3 ) Balance, February 28, 2018 40.8 $ 0.5 $ 892.5 $ 1,828.5 $ (115.4 ) $ (970.3 ) $ 1,635.8 _______________________________________ (1) See Income Taxes footnote of the Notes to Consolidated Financial Statements

Comprehensive Income

Comprehensive Income	6 Months Ended
Comprehensive Income	Feb. 28, 2019
Equity [Abstract]
Comprehensive Income	Comprehensive Income Comprehensive income represents a measure of all changes in equity that result from recognized transactions and other economic events other than transactions with owners in their capacity as owners. Other comprehensive income (loss) includes foreign currency translation and pension adjustments. The before tax amounts of the defined benef it pension plan items reclassified from Accumulated other comprehensive loss are included in Miscellaneous expense, net on the Consolidated Statements of Comprehensive Income . See the Pension Plans footnote within the Notes to Consolidated Financial Statements for additional details. The following table presents the changes in each component of accumulated other comprehensive loss during the six months ended February 28, 2019 and 2018 (in millions): Foreign Currency Items Defined Benefit Pension Plans Accumulated Other Comprehensive Loss Items Balance at August 31, 2018 $ (53.9 ) $ (60.9 ) $ (114.8 ) Other comprehensive (loss) income before reclassifications (3.9 ) 0.9 (3.0 ) Amounts reclassified from accumulated other comprehensive loss — 3.1 3.1 Net current period other comprehensive (loss) income (3.9 ) 4.0 0.1 Balance at February 28, 2019 $ (57.8 ) $ (56.9 ) $ (114.7 ) Foreign Currency Items Defined Benefit Pension Plans Accumulated Other Comprehensive Loss Items Balance at August 31, 2017 $ (28.7 ) $ (71.0 ) $ (99.7 ) Other comprehensive loss before reclassifications (8.0 ) — (8.0 ) Amounts reclassified from accumulated other comprehensive loss — 3.4 3.4 Net current period other comprehensive (loss) income (8.0 ) 3.4 (4.6 ) Reclassification of stranded tax effects of TCJA (1) — (11.1 ) (11.1 ) Balance at February 28, 2018 $ (36.7 ) $ (78.7 ) $ (115.4 ) ______________________________________ (1) See Income Taxes footnote of the Notes to Consolidated Financial Statements within our Form 10-K for additional details. The following table presents the tax expense or benefit allocated to each component of other comprehensive income (loss) for the three and six months ended February 28, 2019 and 2018 (in millions): Three Months Ended February 28, 2019 February 28, 2018 Before Tax Amount Tax (Expense) Benefit Net of Tax Amount Before Tax Amount Tax (Expense) Benefit Net of Tax Amount Foreign currency translation adjustments $ 4.9 $ — $ 4.9 $ 2.5 $ — $ 2.5 Defined benefit pension plans: Amortization of defined benefit pension items: Prior service cost 0.7 (0.1 ) 0.6 0.8 (0.2 ) 0.6 Actuarial losses 1.0 (0.2 ) 0.8 1.7 (0.5 ) 1.2 Total defined benefit pension plans, net 1.7 (0.3 ) 1.4 2.5 (0.7 ) 1.8 Other comprehensive loss $ 6.6 $ (0.3 ) $ 6.3 $ 5.0 $ (0.7 ) $ 4.3 Six Months Ended February 28, 2019 February 28, 2018 Before Tax Amount Tax (Expense) Benefit Net of Tax Amount Before Tax Amount Tax (Expense) Benefit Net of Tax Amount Foreign currency translation adjustments $ (3.9 ) $ — $ (3.9 ) $ (8.0 ) $ — $ (8.0 ) Defined benefit pension plans: Actuarial gain or loss 1.3 (0.4 ) 0.9 — — — Amortization of defined benefit pension items: Prior service cost 1.5 (0.3 ) 1.2 1.6 (0.6 ) 1.0 Actuarial losses 2.1 (0.5 ) 1.6 3.4 (1.0 ) 2.4 Settlement losses 0.4 (0.1 ) 0.3 — — — Total defined benefit pension plans, net 5.3 (1.3 ) 4.0 5.0 (1.6 ) 3.4 Other comprehensive loss $ 1.4 $ (1.3 ) $ 0.1 $ (3.0 ) $ (1.6 ) $ (4.6 )

Debt and Lines of Credit

Debt and Lines of Credit	6 Months Ended
Debt and Lines of Credit	Feb. 28, 2019
Debt Disclosure [Abstract]
Debt and Lines of Credit	Debt and Lines of Credit Lines of Credit On June 29, 2018, we entered into a credit agreement (“Credit Agreement”) with a syndicate of banks that provides us with a $400.0 million five -year unsecured revolving credit facility (“Revolving Credit Facility”) and a $400.0 million unsecured delayed draw term loan facility (“Term Loan Facility”). We had no borrowings outstanding under the current Revolving Credit Facility or Term Loan Facility as of February 28, 2019 . Additionally, we had no borrowings outstanding under our previous credit facility as of August 31, 2018 . Generally, amounts outstanding under the Revolving Credit Facility allow for borrowings to bear interest at either the Eurocurrency Rate or the base rate at our option, plus an applicable margin. Eurocurrency Rate advances can be denominated in a variety of currencies, including U.S. Dollars, and amounts outstanding bear interest at a periodic fixed rate equal to the London Interbank Offered Rate (“LIBOR”) or screen rate for the applicable currency plus an applicable margin. The Eurocurrency applicable margin is based on our leverage ratio, as defined in the Credit Agreement, with such margin ranging from 1.000% to 1.375% . Base rate advances bear interest at an alternate base rate plus an applicable margin. The base rate applicable margin is based on our leverage ratio, as defined in the Credit Agreement, with such margin ranging from 0.000% to 0.375% . The Term Loan Facility allows for borrowings to be drawn over a one -year period ending June 29, 2019, utilizing up to four separate installments, which are U.S. dollar denominated. Borrowings under the Term Loan Facility will amortize in equal quarterly installments of 2.5% per year in year one, 2.5% per year in year two, 5.0% per year in year three, 5.0% per year in year four, and 7.5% per year in year five. Any remaining borrowings under the Term Loan Facility are due and payable in full on June 29, 2023. The Term Loan Facility allows for borrowings to bear interest at either a Eurocurrency Rate or the base rate, at our option, in each case plus an applicable margin. Eurocurrency Rate advances can be denominated in a variety of currencies, including U.S. Dollars, and amounts outstanding bear interest at a periodic fixed rate equal to the LIBOR or screen rate for the applicable currency plus an applicable margin. The Eurocurrency applicable margin is based on our leverage ratio, as defined in the Credit Agreement, with such margin ranging from 0.875% to 1.250% . Base Rate advances bear interest at an alternate base rate plus an applicable margin. The base rate applicable margin is based on our leverage ratio, as defined in the Credit Agreement, with such margin ranging from 0.0% to 0.25% . We are required to pay certain fees in connection with the Credit Agreement, including administrative service fees and annual facility fees. The annual facility fee is payable quarterly, in arrears, and is determined by our leverage ratio as defined in the Credit Agreement. The facility fee ranges from 0.125% to 0.25% of the aggregate $800.0 million commitment of the lenders under the Credit Agreement. The Credit Agreement contains financial covenants, including a minimum interest expense coverage ratio (“Minimum Interest Expense Coverage Ratio”) and a leverage ratio (“Maximum Leverage Ratio”) of total indebtedness to earnings before interest, tax, depreciation, and amortization (“EBITDA”), as such terms are defined in the Credit Agreement. These ratios are computed at the end of each fiscal quarter for the most recent 12-month period. The Credit Agreement generally allows for a Minimum Interest Expense Coverage Ratio of 2.50 and a Maximum Leverage Ratio of 3.50 , subject to certain conditions, as such terms are defined in the Credit Agreement. We were in compliance with all financial covenants under the Credit Agreement as of February 28, 2019 . At February 28, 2019 , we had additional borrowing capacity under the Credit Agreement of $794.7 million under the most restrictive covenant in effect at the time, which represents the full amount of the Revolving Credit Facility and the Term Loan Facility less the outstanding letters of credit of $5.3 million issued under the Revolving Credit Facility. As of February 28, 2019 , we had outstanding letters of credit totaling $9.5 million , primarily for securing collateral requirements under our casualty insurance programs and for providing credit support for our industrial revenue bond (not an outstanding amount under the Revolving Credit Facility). Long-term Debt At February 28, 2019 , we had $350.0 million of publicly-traded, senior unsecured notes outstanding at a 6% interest rate that are scheduled to mature in December 2019 (the “Unsecured Notes”). Although the Unsecured Notes will mature within one year from February 28, 2019 , we have the ability and intent to refinance these borrowings using availability under our Term Loan Facility, subject to satisfying the applicable conditions precedent. Currently, we plan to refinance the Unsecured Notes in full with borrowings under the Term Loan Facility, of which $343.3 million of the current carrying value would be due more than one year from the refinancing date. As such, this amount is reflected within Long-term debt on the Consolidated Balance Sheets as of February 28, 2019 . We also had $4.0 million of tax-exempt industrial revenue bonds that are scheduled to mature in 2021 and $3.0 million outstanding under fixed-rate bank loans outstanding at February 28, 2019 . Further discussion of our long-term debt is included within the Debt and Lines of Credit footnote of the Notes to Consolidated Financial Statements within our Form 10-K. Interest Expense, net Interest expense, net , is comprised primarily of interest expense on long-term debt, obligations in connection with non-qualified retirement benefits, and Revolving Credit Facility borrowings, partially offset by interest income earned on cash and cash equivalents. The following table summarizes the components of interest expense, net for the three and six months ended February 28, 2019 and 2018 (in millions): Three Months Ended Six Months Ended February 28, 2019 February 28, 2018 February 28, 2019 February 28, 2018 Interest expense $ 9.1 $ 8.7 $ 18.3 $ 17.4 Interest income (0.5 ) (0.7 ) (1.0 ) (1.3 ) Interest expense, net $ 8.6 $ 8.0 $ 17.3 $ 16.1

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Feb. 28, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies In the normal course of business, we are subject to the effects of certain contractual stipulations, events, transactions, and laws and regulations that may, at times, require the recognition of liabilities, such as those related to self-insurance reserves and claims, legal and contractual issues, environmental laws and regulations, guarantees, and indemnities. We establish reserves when the associated costs related to uncertainties or guarantees become probable and can be reasonably estimated. For the period ended February 28, 2019 , no material changes have occurred in our reserves for self-insurance, litigation, environmental matters, guarantees and indemnities, or relevant events and circumstances, from those disclosed in the Commitments and Contingencies footnote of the Notes to Consolidated Financial Statements within our Form 10-K. Product Warranty and Recall Costs Our products generally have a standard warranty term of five years that assure our products comply with agreed upon specifications. We record an allowance for the estimated amount of future warranty costs when the related revenue is recognized. Estimated costs related to product recalls based on a formal campaign soliciting repair or return of that product are accrued when they are deemed to be probable and can be reasonably estimated. Estimated future warranty and recall costs are primarily based on historical experience of identified warranty and recall claims. However, there can be no assurance that future warranty or recall costs will not exceed historical amounts or that new technology products may not generate unexpected costs. If actual future warranty or recall costs exceed historical amounts, additional allowances may be required, which could have a material adverse impact on our results of operations and cash flows. Reserves for these product warranty and recall costs are included in Other accrued liabilities and Other long-term liabilities on the Consolidated Balance Sheets. The changes in the reserves for product warranty and recall costs during the six months ended February 28, 2019 and 2018 are summarized as follows (in millions): Six Months Ended February 28, 2019 February 28, 2018 Beginning balance $ 27.3 $ 22.0 Warranty and recall costs 9.6 15.1 Payments and other deductions (9.2 ) (13.1 ) ASC 606 adjustments (1) (14.8 ) — Ending balance $ 12.9 $ 24.0 ______________________________ (1) Certain service-type warranties accounted for as contingent liabilities prior to the adoption of ASC 606 are now reflected as contract liabilities effective September 1, 2018. Refer to the New Accounting Pronouncements and Revenue Recognition footnotes for additional information. Securities Class Action On January 3, 2018, a shareholder filed a class action complaint in the United States District Court for the District of Delaware against the Company and certain of our officers on behalf of all persons who purchased or otherwise acquired our stock between June 29, 2016 and April 3, 2017. On February 20, 2018, a different shareholder filed a second class action complaint in the same venue against the same parties on behalf of all persons who purchased or otherwise acquired our stock between October 15, 2015 and April 3, 2017. The cases were transferred on April 30, 2018, to the United States District Court for the Northern District of Georgia and subsequently were consolidated as In re Acuity Brands, Inc. Securities Litigation, Civil Action No. 1:18-cv-02140-MHC (N.D. Ga.). On October 5, 2018, the court appointed lead plaintiff filed a consolidated amended class action complaint (the “Consolidated Complaint”), which supersedes the initial complaints. The Consolidated Complaint is brought on behalf of all persons who purchased our common stock between October 7, 2015 and April 3, 2017 and alleges that the Company and certain of our current officers and one former executive violated the federal securities laws by making false or misleading statements and/or omitting to disclose material adverse facts that (i) concealed known trends negatively impacting sales of the Company’s products and (ii) overstated our ability to achieve profitable sales growth. The plaintiffs seek class certification, unspecified monetary damages, costs, and attorneys’ fees. We dispute the allegations and intend to vigorously defend against the claims in the complaints. We have filed a motion to dismiss the Consolidated Complaint. Estimating an amount or range of possible losses resulting from litigation proceedings is inherently difficult, particularly where the matters involve indeterminate claims for monetary damages and are in the stages of the proceedings where key factual and legal issues have not been resolved. For these reasons, we are currently unable to predict the ultimate timing or outcome of or reasonably estimate the possible losses or a range of possible losses resulting from the matters described above. We maintain Director and Officer insurance policies that may cover any liability arising out of this litigation up to the policies’ limits, subject to a self-insured retention and other terms and conditions. Litigation We are subject to various other legal claims arising in the normal course of business, including patent infringement, employment matters, and product liability claims. Based on information currently available, it is the opinion of management that the ultimate resolution of any such pending and threatened legal proceedings will not have a material adverse effect on our financial condition, results of operations, or cash flows. However, in the event of unexpected future developments, it is possible that the ultimate resolution of any such matters, if unfavorable, could have a material adverse effect on our financial condition, results of operations, or cash flows in future periods. We establish reserves for legal claims when associated costs become probable and can be reasonably estimated. The actual costs of resolving legal claims may be substantially higher than the amounts reserved for such claims. However, we cannot make a meaningful estimate of actual costs to be incurred that could possibly be higher or lower than the amounts reserved. Trade Compliance Matters

Share-based Payments

Share-based Payments	6 Months Ended
Share-based Payments	Feb. 28, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-based Payments	Share-based Payments We account for share-based payments through the measurement and recognition of compensation expense for share-based payment awards made to employees and directors, including stock options and restricted shares (all part of our equity incentive plan), and share units representing certain deferrals into our director deferred compensation plan or our supplemental deferred savings plan. The following table presents share-based payment expense and new shares issued upon exercise of stock options for the three and six months ended February 28, 2019 and 2018 (in millions, except shares): Three Months Ended Six Months Ended February 28, 2019 February 28, 2018 February 28, 2019 February 28, 2018 Share-based payment expense $ 7.5 $ 8.3 $ 15.3 $ 16.8 Shares issued from option exercises — 3,208 — 9,364 Further details regarding each of these award programs and our share-based payments are included within the Share-based Payments footnote of the Notes to Consolidated Financial Statements

Pension Plans

Pension Plans	6 Months Ended
Pension Plans	Feb. 28, 2019
Retirement Benefits [Abstract]
Pension Plans	Pension Plans We have several pension plans, both qualified and non-qualified, covering certain hourly and salaried employees. Benefits paid under these plans are based generally on employees’ years of service and/or compensation during the final years of employment. We make annual contributions to the plans to the extent indicated by actuarial valuations and statutory requirements. Plan assets are invested primarily in equity and fixed income securities. Service cost of net periodic pension cost is allocated between Cost of products sold and Selling, distribution, and administrative expenses in the Consolidated Statements of Comprehensive Income based on the nature of the employee's services. All other components of net periodic pension cost are included within Miscellaneous expense, net in the Consolidated Statements of Comprehensive Income . Net periodic pension cost during the three and six months ended February 28, 2019 and 2018 included the following components before tax (in millions): Three Months Ended Six Months Ended February 28, 2019 February 28, 2018 February 28, 2019 February 28, 2018 Service cost $ 0.8 $ 0.7 $ 1.6 $ 1.4 Interest cost 2.3 2.2 4.5 4.4 Expected return on plan assets (3.2 ) (3.1 ) (6.3 ) (6.2 ) Amortization of prior service cost 0.7 0.8 1.5 1.6 Settlement loss — — 0.4 — Recognized actuarial loss 1.0 1.7 2.1 3.4 Net periodic pension cost $ 1.6 $ 2.3 $ 3.8 $ 4.6 Further details regarding our pension plans are included within the Pension and Defined Contribution Plans footnote of the Notes to Consolidated Financial Statements

Special Charge

Special Charge	6 Months Ended
Special Charge	Feb. 28, 2019
Restructuring and Related Activities [Abstract]
Special Charge	Special Charge During fiscal 2019 , we recognized pre-tax special charges of $1.4 million . These charges primarily related to move costs associated with the previously announced transfer of activities from a planned facility closure. During fiscal 2018 , we recognized special charges consisting primarily of severance and employee-related benefit costs for the elimination of certain operations and positions following a realignment of our operating structure, including positions within various selling, distribution, and administrative (“SD&A”) departments. Further details regarding our special charges are included within the Special Charge footnote of the Notes to Consolidated Financial Statements within our Form 10-K. Costs reflected within Special charge on the Consolidated Statements of Comprehensive Income for the three and six months ended February 28, 2019 and 2018 are summarized as follows (in millions): Three Months Ended Six Months Ended February 28, 2019 February 28, 2018 February 28, 2019 February 28, 2018 Severance and employee-related costs $ (0.3 ) $ 0.6 $ (0.8 ) $ 0.8 Move and other restructuring costs 0.7 — 2.2 — Total special charges $ 0.4 $ 0.6 $ 1.4 $ 0.8 As of February 28, 2019 , remaining restructuring reserves were $4.6 million and are included in Accrued compensation on the Consolidated Balance Sheets . The changes in the reserves related to these programs during the six months ended February 28, 2019 are summarized as follows (in millions): Fiscal 2018 Actions Fiscal 2017 Actions Total Balance at August 31, 2018 $ 9.2 $ 0.9 10.1 Severance costs (0.4 ) (0.4 ) (0.8 ) Payments made during the period (4.3 ) (0.4 ) (4.7 ) Balance at February 28, 2019 $ 4.5 $ 0.1 $ 4.6

Income Taxes

Income Taxes	6 Months Ended
Income Taxes	Feb. 28, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes During the second quarter of fiscal 2019, we finalized our accounting for the tax effects of the Tax Cuts and Jobs Act (“TCJA”) in accordance with Staff Accounting Bulletin No. 118 (“SAB 118”). As a result, we recorded a net tax benefit of $0.9 million related to TCJA impacts including, but not limited to, our one-time transition tax, deferred income taxes, and executive compensation. Previously, we asserted that all undistributed earnings and original investments in foreign subsidiaries were indefinitely reinvested and, therefore, had not recorded any deferred taxes related to any outside basis differences associated with our foreign subsidiaries. As of February 28, 2019 , the estimated undistributed earnings from foreign subsidiaries was $78.3 million . A significant portion of these earnings was subject to U.S. federal taxation in fiscal 2018 as part of the one-time transition tax. We are no longer asserting indefinite reinvestment on the portion of our unremitted earnings that were previously subject to U.S. federal taxation with the one-time transition tax. Accordingly, we recognized a deferred income tax liability of $0.6 million for certain foreign withholding taxes and U.S. state taxes during the current quarter. With respect to unremitted earnings and original investments in foreign subsidiaries where we are continuing to assert indefinite reinvestment, any future remittances could be subject to additional foreign withholding taxes, U.S. state taxes, and certain tax impacts relating to foreign currency exchange effects. It is not practicable to estimate the amount of any unrecognized tax effects on these reinvested earnings and original investments in foreign subsidiaries. We have elected to account for the tax on Global Intangible Low-Taxed Income (“GILTI”) as a period cost and, therefore, do not record deferred taxes related to GILTI on our foreign subsidiaries. Further details regarding the effects of the TCJA are included within the Income Taxes footnote of the Notes to Consolidated Financial Statements

Supplemental Guarantor Condense

Supplemental Guarantor Condensed Consolidating Financial Statements	6 Months Ended
	Feb. 28, 2019
Condensed Financial Information Disclosure [Abstract]
Supplemental Guarantor Condensed Consolidating Financial Statements	Supplemental Guarantor Condensed Consolidating Financial Statements In December 2009, ABL, the 100% owned and principal operating subsidiary of Acuity Brands, refinanced the then current outstanding debt through the issuance of the Unsecured Notes. See Debt and Lines of Credit footnote for further information. (In millions) February 28, 2019 Parent Subsidiary Issuer Subsidiary Guarantor Non- Guarantors Consolidating Adjustments Consolidated ASSETS Current assets: Cash and cash equivalents $ 152.1 $ 17.8 $ — $ 62.1 $ — $ 232.0 Accounts receivable, net — 450.9 — 69.2 — 520.1 Inventories — 385.4 — 27.6 — 413.0 Other current assets 20.4 29.9 — 17.2 — 67.5 Total current assets 172.5 884.0 — 176.1 — 1,232.6 Property, plant, and equipment, net 0.1 224.6 — 59.5 — 284.2 Goodwill — 746.3 2.7 219.5 — 968.5 Intangible assets, net — 278.8 105.1 98.5 — 482.4 Deferred income taxes 36.1 — — 6.2 (39.4 ) 2.9 Other long-term assets 0.3 19.1 — 1.8 — 21.2 Investments in and amounts due from affiliates 1,698.8 491.4 300.4 — (2,490.6 ) — Total assets $ 1,907.8 $ 2,644.2 $ 408.2 $ 561.6 $ (2,530.0 ) $ 2,991.8 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable $ 0.7 $ 325.3 $ — $ 25.1 $ — $ 351.1 Current maturities of long-term debt — 6.6 — 0.4 — 7.0 Other accrued liabilities 9.3 175.8 — 41.2 — 226.3 Total current liabilities 10.0 507.7 — 66.7 — 584.4 Long-term debt — 347.1 — 2.6 — 349.7 Deferred income taxes — 103.5 — 25.7 (39.4 ) 89.8 Other long-term liabilities 96.0 55.5 — 14.6 — 166.1 Amounts due to affiliates — — — 131.3 (131.3 ) — Total stockholders’ equity 1,801.8 1,630.4 408.2 320.7 (2,359.3 ) 1,801.8 Total liabilities and stockholders’ equity $ 1,907.8 $ 2,644.2 $ 408.2 $ 561.6 $ (2,530.0 ) $ 2,991.8 CONDENSED CONSOLIDATING BALANCE SHEETS (In millions) August 31, 2018 Parent Subsidiary Issuer Subsidiary Guarantor Non- Guarantors Consolidating Adjustments Consolidated ASSETS Current assets: Cash and cash equivalents $ 80.5 $ — $ — $ 48.6 $ — $ 129.1 Accounts receivable, net — 560.7 — 77.2 — 637.9 Inventories — 386.6 — 25.2 — 411.8 Other current assets 2.3 18.6 — 11.4 — 32.3 Total current assets 82.8 965.9 — 162.4 — 1,211.1 Property, plant, and equipment, net 0.2 226.8 — 59.7 — 286.7 Goodwill — 746.5 2.7 221.4 — 970.6 Intangible assets, net — 286.6 106.5 105.6 — 498.7 Deferred income taxes 36.4 — — 6.2 (39.7 ) 2.9 Other long-term assets 1.2 15.6 — 2.0 — 18.8 Investments in and amounts due from affiliates 1,707.0 370.6 279.5 — (2,357.1 ) — Total assets $ 1,827.6 $ 2,612.0 $ 388.7 $ 557.3 $ (2,396.8 ) $ 2,988.8 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable $ 0.3 $ 420.7 $ — $ 30.1 $ — $ 451.1 Current maturities of long-term debt — — — 0.4 — 0.4 Other accrued liabilities 18.8 170.1 — 42.3 — 231.2 Total current liabilities 19.1 590.8 — 72.8 — 682.7 Long-term debt — 353.5 — 2.9 — 356.4 Deferred income taxes — 106.5 — 25.7 (39.7 ) 92.5 Other long-term liabilities 91.7 34.0 — 14.7 — 140.4 Amounts due to affiliates — — — 138.8 (138.8 ) — Total stockholders’ equity 1,716.8 1,527.2 388.7 302.4 (2,218.3 ) 1,716.8 Total liabilities and stockholders’ equity $ 1,827.6 $ 2,612.0 $ 388.7 $ 557.3 $ (2,396.8 ) $ 2,988.8 (In millions) Three Months Ended February 28, 2019 Parent Subsidiary Issuer Subsidiary Guarantor Non- Guarantors Consolidating Adjustments Consolidated Net sales: External sales $ — $ 756.6 $ — $ 97.8 $ — $ 854.4 Intercompany sales — — 12.6 50.0 (62.6 ) — Total sales — 756.6 12.6 147.8 (62.6 ) 854.4 Cost of products sold — 466.6 — 103.3 (49.4 ) 520.5 Gross profit — 290.0 12.6 44.5 (13.2 ) 333.9 Selling, distribution, and administrative expenses 10.8 202.1 0.7 37.2 (13.2 ) 237.6 Intercompany charges (0.9 ) — — 0.9 — — Special charge — 0.4 — — — 0.4 Operating (loss) profit (9.9 ) 87.5 11.9 6.4 — 95.9 Interest expense, net 3.0 4.4 — 1.2 — 8.6 Equity earnings in subsidiaries (77.3 ) (8.7 ) — — 86.0 — Miscellaneous expense (income), net 1.5 (0.1 ) — (0.3 ) — 1.1 Income before income taxes 62.9 91.9 11.9 5.5 (86.0 ) 86.2 Income tax (benefit) expense (3.4 ) 19.3 2.5 1.5 — 19.9 Net income 66.3 72.6 9.4 4.0 (86.0 ) 66.3 Other comprehensive income (loss) items: Foreign currency translation adjustments 4.9 4.9 — — (4.9 ) 4.9 Defined benefit plans, net of tax 1.4 1.1 — 0.3 (1.4 ) 1.4 Other comprehensive income items, net of tax 6.3 6.0 — 0.3 (6.3 ) 6.3 Comprehensive income $ 72.6 $ 78.6 $ 9.4 $ 4.3 $ (92.3 ) $ 72.6 CONDENSED CONSOL IDATING STATEMENTS OF COMPREHENSIVE INCOME (In millions) Three Months Ended February 28, 2018 Parent Subsidiary Issuer Subsidiary Guarantor Non- Guarantors Consolidating Adjustments Consolidated Net sales: External sales $ — $ 740.4 $ — $ 91.7 $ — $ 832.1 Intercompany sales — — 12.5 41.2 (53.7 ) — Total sales — 740.4 12.5 132.9 (53.7 ) 832.1 Cost of products sold — 441.0 — 95.3 (38.7 ) 497.6 Gross profit — 299.4 12.5 37.6 (15.0 ) 334.5 Selling, distribution, and administrative expenses 9.6 211.8 0.8 37.2 (15.0 ) 244.4 Intercompany charges (0.8 ) (0.4 ) — 1.2 — — Special charge — 0.6 — — — 0.6 Operating (loss) profit (8.8 ) 87.4 11.7 (0.8 ) — 89.5 Interest expense, net 2.6 4.0 — 1.4 — 8.0 Equity earnings in subsidiaries (106.2 ) (1.0 ) — 0.1 107.1 — Miscellaneous expense, net 1.6 0.8 — 0.4 — 2.8 Income (loss) before income taxes 93.2 83.6 11.7 (2.7 ) (107.1 ) 78.7 Income tax (benefit) expense (3.5 ) (15.0 ) 0.9 (0.6 ) — (18.2 ) Net income (loss) 96.7 98.6 10.8 (2.1 ) (107.1 ) 96.9 Other comprehensive income (loss) items: Foreign currency translation adjustments 2.5 2.5 — — (2.5 ) 2.5 Defined benefit plans, net of tax 1.8 1.3 — 0.5 (1.8 ) 1.8 Other comprehensive income items, net of tax 4.3 3.8 — 0.5 (4.3 ) 4.3 Comprehensive income (loss) $ 101.0 $ 102.4 $ 10.8 $ (1.6 ) $ (111.4 ) $ 101.2 (In millions) Six Months Ended February 28, 2019 Parent Subsidiary Issuer Subsidiary Guarantor Non- Guarantors Consolidating Adjustments Consolidated Net sales: External sales $ — $ 1,585.5 $ — $ 201.5 $ — $ 1,787.0 Intercompany sales — — 26.3 103.0 (129.3 ) — Total sales — 1,585.5 26.3 304.5 (129.3 ) 1,787.0 Cost of products sold — 967.1 — 219.6 (101.1 ) 1,085.6 Gross profit — 618.4 26.3 84.9 (28.2 ) 701.4 Selling, distribution, and administrative expenses 19.7 419.8 1.4 75.0 (28.2 ) 487.7 Intercompany charges (2.2 ) — — 2.2 — — Special charge — 1.4 — — — 1.4 Operating (loss) profit (17.5 ) 197.2 24.9 7.7 — 212.3 Interest expense, net 6.1 8.8 — 2.4 — 17.3 Equity earnings in subsidiaries (166.4 ) (12.0 ) — 0.1 178.3 — Miscellaneous expense (income), net 3.4 (0.7 ) — (0.3 ) — 2.4 Income before income taxes 139.4 201.1 24.9 5.5 (178.3 ) 192.6 Income tax (benefit) expense (6.4 ) 45.9 5.2 2.0 — 46.7 Net income 145.8 155.2 19.7 3.5 (178.3 ) 145.9 Other comprehensive income (loss) items: Foreign currency translation adjustments (3.9 ) (3.9 ) — — 3.9 (3.9 ) Defined benefit plans, net of tax 4.0 2.3 — 0.6 (2.9 ) 4.0 Other comprehensive income (loss) items, net of tax 0.1 (1.6 ) — 0.6 1.0 0.1 Comprehensive income $ 145.9 $ 153.6 $ 19.7 $ 4.1 $ (177.3 ) $ 146.0 CONDENSED CONSOL IDATING STATEMENTS OF COMPREHENSIVE INCOME (In millions) Six Months Ended February 28, 2018 Parent Subsidiary Issuer Subsidiary Guarantor Non- Guarantors Consolidating Adjustments Consolidated Net sales: External sales $ — $ 1,484.6 $ — $ 190.3 $ — $ 1,674.9 Intercompany sales — — 24.5 84.7 (109.2 ) — Total sales — 1,484.6 24.5 275.0 (109.2 ) 1,674.9 Cost of products sold — 871.1 — 200.2 (80.8 ) 990.5 Gross profit — 613.5 24.5 74.8 (28.4 ) 684.4 Selling, distribution, and administrative expenses 20.2 406.5 1.6 74.0 (28.4 ) 473.9 Intercompany charges (1.9 ) (0.8 ) — 2.7 — — Special charge — 0.8 — — — 0.8 Operating (loss) profit (18.3 ) 207.0 22.9 (1.9 ) — 209.7 Interest expense, net 5.3 8.0 — 2.8 — 16.1 Equity earnings in subsidiaries (187.1 ) (2.1 ) — 0.1 189.1 — Miscellaneous expense (income), net 3.2 1.3 — (0.5 ) — 4.0 Income (loss) before income taxes 160.3 199.8 22.9 (4.3 ) (189.1 ) 189.6 Income tax (benefit) expense (8.5 ) 27.2 3.0 (0.5 ) — 21.2 Net income (loss) 168.8 172.6 19.9 (3.8 ) (189.1 ) 168.4 Other comprehensive income (loss) items: Foreign currency translation adjustments (8.0 ) (8.0 ) — — 8.0 (8.0 ) Defined benefit plans, net of tax 3.4 2.5 — 0.9 (3.4 ) 3.4 Other comprehensive (loss) income items, net of tax (4.6 ) (5.5 ) — 0.9 4.6 (4.6 ) Comprehensive income (loss) $ 164.2 $ 167.1 $ 19.9 $ (2.9 ) $ (184.5 ) $ 163.8 (In millions) Six Months Ended February 28, 2019 Parent Subsidiary Issuer Subsidiary Guarantor Non- Guarantors Consolidating Adjustments Consolidated Net cash provided by operating activities $ 133.8 $ 35.9 $ — $ 18.6 $ — $ 188.3 Cash flows from investing activities: Purchases of property, plant, and equipment — (20.2 ) — (4.7 ) — (24.9 ) Other investing activities 0.8 2.1 — — — 2.9 Net cash provided by (used for) investing activities 0.8 (18.1 ) — (4.7 ) — (22.0 ) Cash flows from financing activities: Borrowings on credit facility — 86.5 — — — 86.5 Repayments of borrowings on credit facility — (86.5 ) — — — (86.5 ) Repayments of long-term debt — — — (0.2 ) — (0.2 ) Proceeds from stock option exercises and other 0.3 — — — — 0.3 Repurchases of common stock (48.7 ) — — — — (48.7 ) Withholding taxes on net settlement of equity awards (4.3 ) — — — — (4.3 ) Dividends paid (10.5 ) — — — — (10.5 ) Net cash used for financing activities (63.2 ) — — (0.2 ) — (63.4 ) Effect of exchange rates changes on cash 0.2 — — (0.2 ) — — Net change in cash and cash equivalents 71.6 17.8 — 13.5 — 102.9 Cash and cash equivalents at beginning of period 80.5 — — 48.6 — 129.1 Cash and cash equivalents at end of period $ 152.1 $ 17.8 $ — $ 62.1 $ — $ 232.0 CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (In millions) Six Months Ended February 28, 2018 Parent Subsidiary Issuer Subsidiary Guarantor Non- Guarantors Consolidating Adjustments Consolidated Net cash provided by operating activities $ 141.1 $ 14.4 $ — $ 22.1 $ — $ 177.6 Cash flows from investing activities: Purchases of property, plant, and equipment — (15.2 ) — (5.7 ) — (20.9 ) Investments in subsidiaries (26.4 ) — — — 26.4 — Acquisitions of business, net of cash acquired — — — (26.4 ) — (26.4 ) Other investing activities 0.7 — — — — 0.7 Net cash used for investing activities (25.7 ) (15.2 ) — (32.1 ) 26.4 (46.6 ) Cash flows from financing activities: Repayments of long-term debt — — — (0.2 ) — (0.2 ) Proceeds from stock option exercises and other 1.4 — — — — 1.4 Repurchases of common stock (194.3 ) — — — — (194.3 ) Withholding taxes on net settlement of equity awards (6.7 ) — — — — (6.7 ) Intercompany capital — — — 26.4 (26.4 ) — Dividends paid (10.9 ) — — — — (10.9 ) Net cash (used for) provided by financing activities (210.5 ) — — 26.2 (26.4 ) (210.7 ) Effect of exchange rate changes on cash — 0.8 — (2.4 ) — (1.6 ) Net change in cash and cash equivalents (95.1 ) — — 13.8 — (81.3 ) Cash and cash equivalents at beginning of period 237.7 — — 73.4 — 311.1 Cash and cash equivalents at end of period $ 142.6 $ — $ — $ 87.2 $ — $ 229.8

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	6 Months Ended
Significant Accounting Policies (Policies)	Feb. 28, 2019
Accounting Policies [Abstract]
Basis of Accounting	We prepared the Consolidated Financial Statements
Use of Estimates	Use of EstimatesThe preparation of financial statements and related disclosures in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expense during the reporting period. Actual results could differ from those estimates.
Reclassifications	ReclassificationsCertain prior-period amounts have been reclassified to conform to the current year presentation. No material reclassifications occurred during the current period.
New Accounting Pronouncements	New Accounting Pronouncements Accounting Standards Adopted in Fiscal 2019 ASU 2017-01 -— Clarifying the Definition of a Business In January 2017, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2017-01, Clarifying the Definition of a Business (“ASU 2017-01”), which requires an evaluation of whether substantially all of the fair value of assets obtained in an acquisition is concentrated in a single identifiable asset or a group of similar identifiable assets. If so, the transaction does not qualify as a business. The guidance also requires an acquired business to include at least one substantive process and narrows the definition of outputs. We adopted ASU 2017-01 effective September 1, 2018 and applied the guidance prospectively. The provisions of ASU 2017-01 did not have a material effect on our financial condition, results of operations, or cash flows. ASU 2016-15 — Statement of Cash Flows In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (“ASU 2016-15”), which is intended to reduce the diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. These cash flows include debt prepayment and extinguishment costs, contingent consideration payments made after a business combination, proceeds from the settlement of insurance claims, and proceeds from the settlement of corporate-owned life insurance. We adopted ASU 2016-15 effective September 1, 2018 and applied the changes retrospectively. We maintain life insurance policies on certain former employees primarily to satisfy obligations under certain deferred compensation plans. As required by the standard, proceeds from these policies are now classified as cash inflows from investing activities. We received $0.8 million and $0.7 million from corporate-owned life insurance policies during the six months ended February 28, 2019 and 2018 , respectively. As such, cash flows from operations for the six months ended February 28, 2018 decreased $0.7 million , with a corresponding increase to cash flows from investing activities, compared to amounts previously reported. The remaining provisions of ASU 2016-15 do not apply to us for the periods presented. ASU 2017-07 — Presentation of Net Periodic Pension Cost In March 2017, the FASB issued ASU No. 2017-07, Compensation — Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost (“ASU 2017-07”), which changes the presentation of net periodic pension cost related to employer sponsored defined benefit plans and other postretirement benefits. Service cost is now included within the same income statement line item as other compensation costs arising from services rendered during the period, while other components of net periodic pension cost are presented separately outside of operating income. Additionally, only service costs may be capitalized in assets. We adopted ASU 2017-07 effective as of September 1, 2018. We applied the standard retrospectively for the presentation of the service cost component and the other components of net periodic pension cost within our income statements. As a practical expedient, we used amounts previously disclosed in the Pension and Defined Contribution Plans footnote of the Notes to Consolidated Financial Statements within our Form 10-K as the basis for retrospective application because amounts capitalized in inventory at a given point in time are de minimis and determining these amounts was impractical. Upon adoption of ASU 2017-07, our previously reported Operating profit for the three and six months ended February 28, 2018 increased $1.5 million and $3.1 million , respectively, with a corresponding increase to Miscellaneous expense, net . The provisions of ASU 2017-07 have no impact to our net income or earnings per share. The impact of the provisions of ASU 2017-07 on the Consolidated Statement of Comprehensive Income for the three and six months ended February 28, 2018 are as follows (in millions): Three Months Ended February 28, 2018 Six Months Ended February 28, 2018 As Revised Previously Reported Higher (Lower) As Revised Previously Reported Higher (Lower) Cost of products sold $ 497.6 $ 497.2 $ 0.4 $ 990.5 $ 989.8 $ 0.7 Selling, distribution, and administrative expenses 244.4 246.3 (1.9 ) 473.9 477.7 (3.8 ) Miscellaneous expense, net 2.8 1.3 1.5 4.0 0.9 3.1 ASC 606 — Revenue from Contracts with Customers In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”), which replaced the existing revenue recognition guidance in U.S. GAAP. Since the issuance of ASU 2014-09, the FASB released several amendments to improve and clarify the implementation guidance, as well as to change the effective date. These standards have been collectively codified within Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers (“ASC 606”). ASC 606 outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers. The standard also requires additional disclosures about the nature, timing, and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in those judgments. We adopted ASC 606 effective September 1, 2018 using the modified retrospective method and recognized a cumulative effect of applying ASC 606 of $13.0 million in Retained earnings on the Consolidated Balance Sheet as of this date. We applied the standard to all contracts as of the transition date. Information for prior years presented has not been restated and continues to reflect the authoritative accounting standards in effect for those periods. Adjustments related to the adoption of ASC 606 include additional deferrals of revenue recognition for service-type warranties and the gross presentation of right of return assets and refund liabilities for sales with a right of return. The effects of the adoption of ASC 606 on our Consolidated Statement of Comprehensive Income for the three and six months ended February 28, 2019 , and the Consolidated Balance Sheet as of February 28, 2019 are as follows (in millions except per share amounts): Consolidated Statement of Comprehensive Income Three Months Ended February 28, 2019 Six Months Ended February 28, 2019 As Currently Reported Without ASC 606 Adoption Higher (Lower) As Currently Reported Without ASC 606 Adoption Higher (Lower) Net sales $ 854.4 $ 856.0 $ (1.6 ) $ 1,787.0 $ 1,791.0 $ (4.0 ) Cost of products sold 520.5 521.0 (0.5 ) 1,085.6 1,087.4 (1.8 ) Selling, distribution, and administrative expenses 237.6 237.5 0.1 487.7 487.5 0.2 Operating profit 95.9 97.1 (1.2 ) 212.3 214.7 (2.4 ) Income tax expense 19.9 20.2 (0.3 ) 46.7 47.3 (0.6 ) Net income 66.3 67.2 (0.9 ) 145.9 147.7 (1.8 ) Basic earnings per share $ 1.68 $ 1.70 $ (0.02 ) $ 3.67 $ 3.72 $ (0.05 ) Diluted earnings per share 1.67 1.69 (0.02 ) 3.66 3.71 (0.05 ) Consolidated Balance Sheet February 28, 2019 As Currently Reported Without ASC 606 Adoption Higher (Lower) Accounts receivable, net $ 520.1 500.5 $ 19.6 Prepayments and other current assets 67.5 52.3 15.2 Other accrued liabilities 165.3 130.3 35.0 Deferred income tax liabilities 89.8 94.6 (4.8 ) Other long-term liabilities 94.9 75.5 19.4 Retained earnings 2,121.6 2,136.4 (14.8 ) Accounting Standards Yet to Be Adopted In August 2018, the FASB issued ASU No. 2018-15, Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract (“ASU 2018-15”), which will require customers to apply internal-use software guidance to determine the implementation costs that are able to be capitalized. Capitalized implementation costs will be required to be amortized over the term of the arrangement, beginning when the cloud computing arrangement is ready for its intended use. ASU 2018-15 is effective for fiscal years (and interim reporting periods within those years) beginning after December 15, 2019. The standard allows changes to be applied either retrospectively or prospectively. We will adopt the standard as required in fiscal 2021. The provisions of ASU 2018-15 are not expected to have a material effect on our financial condition, results of operations, or cash flows. In June 2016, the FASB issued ASU No. 2016-13, Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”), which requires an entity to assess impairment of its financial instruments based on its estimate of expected credit losses. The provisions of ASU 2016-13 are effective for fiscal years (and interim reporting periods within those years) beginning after December 15, 2019. Entities are required to apply these changes through a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective. We will adopt the amendments as required in fiscal 2021. The provisions of ASU 2016-13 are not expected to have a material effect on our financial condition, results of operations, or cash flows. In February 2016, the FASB issued ASU No. 2016-02, Leases (“ASU 2016-02”), which requires lessees to include most leases on the balance sheet. ASU 2016-02 is effective for fiscal years (and interim reporting periods within those years) beginning after December 15, 2018. Since the issuance of ASU 2016-02, the FASB released several amendments to improve and clarify the implementation guidance, as well as to change the allowable adoption methods. These standards have been collectively codified within ASC 842, Leases (“ASC 842”). The standard allows entities to present the effects of the accounting change as either a cumulative adjustment as of the beginning of the earliest period presented or as of the date of adoption. We have an implementation team tasked with reviewing our lease obligations and determining the impact of the new standard to our financial statements. The team is also tasked with identifying appropriate changes to our business processes, systems, and controls to support recognition and disclosure under the new standard. Currently, the implementation team has completed its review of outstanding property leases, which account for a substantial portion of our outstanding lease obligations. The team is in the process of reviewing and analyzing equipment leases, information technology contracts, and other contracts that may have ASC 842 impacts. At this time, we cannot reasonably estimate the impact of adopting the standard. The implementation team reports its findings and progress of the project to management on a frequent basis and to the Audit Committee of the Board of Directors on a quarterly basis. We will adopt the standard as required on September 1, 2019.
Revenue Recognition	We recognize revenue when we transfer control of goods and services to our customers. Revenue is measured as the amount of consideration we expect to receive in exchange for goods and services and is recognized net of allowances for rebates, sales incentives, product returns, and discounts to customers. Sales and use taxes collected on behalf of governmental authorities are excluded from revenues. Payment is generally due and received within 60 days from the point of sale or prior to the transfer of control of certain goods and services. No payment terms extend beyond one year, and we apply the practical expedient within ASC 606 to conclude that no significant financing terms exist within our contracts with customers. Allowances for cash discounts to customers are estimated using the expected value method based on historical experience and are recorded as a reduction to sales. Our standard terms and conditions of sale allow for the return of certain products within four months of the date of shipment. We also provide for limited product return rights to certain distributors and other customers, primarily for slow moving or damaged items subject to certain defined criteria. The limited product return rights generally allow customers to return resalable products purchased within a specified time period and subject to certain limitations, including, at times, when accompanied by a replacement order of equal or greater value. At the time revenue is recognized, we record a refund liability for the expected value of future returns primarily based on historical experience, specific notification of pending returns, or based on contractual terms with the respective customers. Although historical product returns generally have been within expectations, there can be no assurance that future product returns will not exceed historical amounts. A significant increase in product returns could have a material adverse impact on our operating results in future periods. Total refund liabilities recorded under ASC 606 related to rights of return, cash discounts, and other miscellaneous credits to customers were $36.9 million and $41.2 million as of February 28, 2019 and September 1, 2018 , respectively, and are reflected within Other accrued liabilities on the Consolidated Balance Sheets . Additionally, we record right of return assets for products expected to be returned to our distribution centers, which are included within Prepayments and other current assets on the Consolidated Balance Sheets . Such assets totaled $15.2 million and $16.4 million as of February 28, 2019 and September 1, 2018 , respectively. We also maintain one-time or ongoing marketing and trade-promotion programs with certain customers that require us to estimate and accrue the expected costs of such programs. These arrangements include cooperative marketing programs, merchandising of our products, introductory marketing funds for new products, and other trade-promotion activities conducted by the customer. Costs associated with these programs are generally estimated based on the most likely amount expected to be settled based on the context of the individual contract and are reflected within the Consolidated Statements of Comprehensive Income in accordance with ASC 606, which in most instances requires such costs to be recorded as reductions of revenue. The refund liabilities associated with these programs totaled $32.9 million and $43.9 million as of February 28, 2019 and September 1, 2018 , respectively, and are reflected within Other accrued liabilities on the Consolidated Balance Sheets . Costs to obtain and fulfill contracts, such as sales commissions and shipping and handling activities, are short-term in nature and are expensed as incurred. Nature of Goods and Services Products Approximately 94% of revenue is generated from short-term contracts with our customers to deliver tangible goods such as luminaires, lighting controllers, controllers for various building systems, power supplies, prismatic skylights, and drivers. We record revenue from these contracts when the customer obtains control of those goods. For sales designated free on board shipping point, control is transferred at the time of shipment. For sales designated free on board destination, customers take control when a product is delivered to the customer’s delivery site. Professional Services We collect fees associated with training, installation, and technical support services, primarily related to the set up of our lighting solutions. We recognize revenue for these one-time services at the time the service is performed. We also sell certain service-type warranties that extend coverages for products beyond their base warranties. We account for service-type warranties as distinct performance obligations and recognize revenue for these contracts ratably over the life of the additional warranty period. Claims related to service-type warranties are expensed as incurred. Software Software sales include licenses for software, data usage fees, and software as a service arrangements, which generally extend for one year or less. We recognize revenue for software based on the contractual rights provided to a customer, which typically results in the recognition of revenue ratably over the contractual service period. Shipping and Handling Activities We account for all shipping and handling activities as activities to fulfill the promise to transfer products to our customers. As such, we do not consider shipping and handling activities to be separate performance obligations, and we expense these costs as incurred. Contracts with Multiple Performance Obligations A small portion (approximately 6% ) of our revenue is derived from the combination of any or all of products, professional services, and software licenses. Significant judgment may be required to determine which performance obligations are distinct and should be accounted for separately. We allocate the expected consideration to be collected to each distinct performance obligation based on its standalone selling price. Standalone selling price is generally determined using a cost plus margin valuation when no observable input is available. The amount of consideration allocated to each performance obligation is recognized as revenue in accordance with the timing for products, professional services, and software as described above. Contract Balances Our rights related to collections from customers are unconditional and are reflected within Accounts receivable on the Consolidated Balance Sheets . We do not have any other significant contract assets. Contract liabilities arise when we receive cash or an unconditional right to collect cash prior to the transfer of control of goods or services. The amount of transaction price from contracts with customers allocated to our contract liabilities as of February 28, 2019 and September 1, 2018 consists of the following (in millions): February 28, 2019 September 1, 2018 Current deferred revenues $ 4.4 $ 4.8 Non-current deferred revenues 40.3 35.0 Current deferred revenues primarily consist of software licenses, and to a lesser extent professional service and sales-type warranty fees collected prior to performing the related service. Current deferred revenues are included within Other current liabilities on the Consolidated Balance Sheets . These services are expected to be performed within one year. Non-current deferred revenues primarily consist of long-term service-type warranties, which are typically recognized ratably as revenue between five and ten years from the date of sale, and are included within Other long- term liabilities on the Consolidated Balance Sheets . Revenue recognized from beginning balances of contract liabilities during the six months ended February 28, 2019 totaled $3.1 million . Unsatisfied performance obligations that do not represent contract liabilities consist primarily of orders for physical goods that have not yet been shipped. This backlog of orders at any given time is affected by various factors, including seasonality, cancellations, sales promotions, production cycle times, and the timing of receipt and shipment of orders, which are usually shipped within a few weeks of order receipt. Accordingly, a comparison of backlog orders from period to period is not necessarily meaningful and may not be indicative of future shipments. Disaggregated Revenues
Methodologies used to determine fair values of financial assets and liabilities	We utilize valuation methodologies to determine the fair values of our financial assets and liabilities in conformity with the concepts of “exit price” and the fair value hierarchy as prescribed in ASC 820. All valuation methods and assumptions are validated at least quarterly to ensure the accuracy and relevance of the fair values. There were no material changes to the valuation methods or assumptions used to determine fair values during the current period.
Recognition of transfers between levels within the fair value hierarchy	We used quoted market prices to determine the fair value of Level 1 assets and liabilities. No transfers between the levels of the fair value hierarchy occurred during the current fiscal period. In the event of a transfer in or out of a level within the fair value hierarchy, the transfers would be recognized on the date of occurrence.

New Accounting Pronouncements (

New Accounting Pronouncements (Tables)	6 Months Ended
New Accounting Pronouncements (Tables)	Feb. 28, 2019
Accounting Changes and Error Corrections [Abstract]
Schedule of New Accounting Pronouncements and Changes in Accounting Principles	The effects of the adoption of ASC 606 on our Consolidated Statement of Comprehensive Income for the three and six months ended February 28, 2019 , and the Consolidated Balance Sheet as of February 28, 2019 are as follows (in millions except per share amounts): Consolidated Statement of Comprehensive Income Three Months Ended February 28, 2019 Six Months Ended February 28, 2019 As Currently Reported Without ASC 606 Adoption Higher (Lower) As Currently Reported Without ASC 606 Adoption Higher (Lower) Net sales $ 854.4 $ 856.0 $ (1.6 ) $ 1,787.0 $ 1,791.0 $ (4.0 ) Cost of products sold 520.5 521.0 (0.5 ) 1,085.6 1,087.4 (1.8 ) Selling, distribution, and administrative expenses 237.6 237.5 0.1 487.7 487.5 0.2 Operating profit 95.9 97.1 (1.2 ) 212.3 214.7 (2.4 ) Income tax expense 19.9 20.2 (0.3 ) 46.7 47.3 (0.6 ) Net income 66.3 67.2 (0.9 ) 145.9 147.7 (1.8 ) Basic earnings per share $ 1.68 $ 1.70 $ (0.02 ) $ 3.67 $ 3.72 $ (0.05 ) Diluted earnings per share 1.67 1.69 (0.02 ) 3.66 3.71 (0.05 ) Consolidated Balance Sheet February 28, 2019 As Currently Reported Without ASC 606 Adoption Higher (Lower) Accounts receivable, net $ 520.1 500.5 $ 19.6 Prepayments and other current assets 67.5 52.3 15.2 Other accrued liabilities 165.3 130.3 35.0 Deferred income tax liabilities 89.8 94.6 (4.8 ) Other long-term liabilities 94.9 75.5 19.4 Retained earnings 2,121.6 2,136.4 (14.8 ) Consolidated Statement of Comprehensive Income for the three and six months ended February 28, 2018 are as follows (in millions): Three Months Ended February 28, 2018 Six Months Ended February 28, 2018 As Revised Previously Reported Higher (Lower) As Revised Previously Reported Higher (Lower) Cost of products sold $ 497.6 $ 497.2 $ 0.4 $ 990.5 $ 989.8 $ 0.7 Selling, distribution, and administrative expenses 244.4 246.3 (1.9 ) 473.9 477.7 (3.8 ) Miscellaneous expense, net 2.8 1.3 1.5 4.0 0.9 3.1

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
Revenue Recognition (Tables)	Feb. 28, 2019
Revenue from Contract with Customer [Abstract]
Amount of transaction price from contracts with customers allocated to the Company's contract liabilities	The amount of transaction price from contracts with customers allocated to our contract liabilities as of February 28, 2019 and September 1, 2018 consists of the following (in millions): February 28, 2019 September 1, 2018 Current deferred revenues $ 4.4 $ 4.8 Non-current deferred revenues 40.3 35.0
Revenue from contracts with customers by sales channel	The following table shows revenue from contracts with customers by sales channel for the three and six months ended February 28, 2019 (in millions): Three Months Ended Six Months Ended February 28, 2019 February 28, 2019 Independent sales network $ 571.3 $ 1,221.1 Direct sales network 87.3 186.3 Retail sales 73.6 159.1 Corporate accounts 75.3 127.4 Other 46.9 93.1 Total $ 854.4 $ 1,787.0

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
Fair Value Measurements (Tables)	Feb. 28, 2019
Fair Value Disclosures [Abstract]
Schedule of Carrying Value and Estimated Fair Value of Financial Instruments	The carrying values and estimated fair values of certain of our financial instruments were as follows at February 28, 2019 and August 31, 2018 (in millions): February 28, 2019 August 31, 2018 Carrying Value Fair Value Carrying Value Fair Value Senior unsecured public notes, net of unamortized discount and deferred costs $ 349.7 $ 357.0 $ 349.5 $ 361.7 Industrial revenue bond 4.0 4.0 4.0 4.0 Bank loans 3.0 3.1 3.3 3.3

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
Goodwill and Intangible Assets (Tables)	Feb. 28, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The changes in the carrying amount of goodwill during the six months ended February 28, 2019 and 2018 are summarized below (in millions): Six Months Ended February 28, 2019 February 28, 2018 Beginning balance $ 970.6 $ 900.9 Additions from acquired businesses — 13.4 Foreign currency translation adjustments (2.1 ) (2.4 ) Ending balance $ 968.5 $ 911.9

Inventories (Tables)

Inventories (Tables)	6 Months Ended
Inventories (Tables)	Feb. 28, 2019
Inventory Disclosure [Abstract]
Schedule of Inventory	Inventories include materials, labor, inbound freight, and related manufacturing overhead, are stated at the lower of cost (on a first-in, first-out or average cost basis) or market, and consist of the following (in millions): February 28, 2019 August 31, 2018 Raw materials, supplies, and work in process (1) $ 183.8 $ 196.8 Finished goods 259.5 251.8 Inventories excluding reserves 443.3 448.6 Less: Reserves (30.3 ) (36.8 ) Total inventories $ 413.0 $ 411.8 _______________________________________ (1)

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
Earnings Per Share (Tables)	Feb. 28, 2019
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table calculates basic earnings per common share and diluted earnings per common share for the three and six months ended February 28, 2019 and 2018 (in millions, except per share data): Three Months Ended Six Months Ended February 28, 2019 February 28, 2018 February 28, 2019 February 28, 2018 Net income $ 66.3 $ 96.9 $ 145.9 $ 168.4 Basic weighted average shares outstanding 39.5 41.4 39.7 41.6 Common stock equivalents 0.1 0.1 0.1 0.1 Diluted weighted average shares outstanding 39.6 41.5 39.8 41.7 Basic earnings per share $ 1.68 $ 2.34 $ 3.67 $ 4.05 Diluted earnings per share $ 1.67 $ 2.33 $ 3.66 $ 4.04
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The following table presents stock options and restricted stock awards that were excluded from the diluted earnings per share calculation for the three and six months ended February 28, 2019 and 2018 as the effect of inclusion would have been antidilutive: Three Months Ended Six Months Ended February 28, 2019 February 28, 2018 February 28, 2019 February 28, 2018 Stock options 314,673 189,428 290,360 176,549 Restricted stock awards 189,683 198,186 194,232 216,746

Changes in Stockholders' Equi_2

Changes in Stockholders' Equity (Tables)	6 Months Ended
Changes in Stockholders' Equity (Tables)	Feb. 28, 2019
Equity [Abstract]
Schedule of Changes in Stockholders' Equity	The following tables summarize changes in the components of stockholders' equity for the three and six months ended February 28, 2019 and 2018 (in millions): Common Stock Outstanding Shares Amount Paid-in Capital Retained Earnings Accumulated Other Treasury Stock, at cost Total Balance, August 31, 2018 40.0 $ 0.5 $ 906.3 $ 1,999.2 $ (114.8 ) $ (1,074.4 ) $ 1,716.8 Net income — — — 79.6 — — 79.6 Other comprehensive loss — — — — (6.2 ) — (6.2 ) ASC 606 adjustments — — — (13.0 ) — — (13.0 ) Amortization, issuance, and cancellations of restricted stock grants 0.1 — 3.8 — — — 3.8 Employee stock purchase plan issuances — — 0.1 — — — 0.1 Cash dividends of $0.13 per share paid on common stock — — — (5.2 ) — — (5.2 ) Repurchases of common stock (0.2 ) — — — — (25.0 ) (25.0 ) Balance, November 30, 2018 39.9 0.5 910.2 2,060.6 (121.0 ) (1,099.4 ) 1,750.9 Net income — — — 66.3 — — 66.3 Other comprehensive income — — — — 6.3 — 6.3 Amortization, issuance, and cancellations of restricted stock grants — — 7.1 — — — 7.1 Employee stock purchase plan issuances — — 0.2 — — — 0.2 Cash dividends of $0.13 per share paid on common stock — — — (5.3 ) — — (5.3 ) Repurchases of common stock (0.2 ) — — — — (23.7 ) (23.7 ) Balance, February 28, 2019 39.7 $ 0.5 $ 917.5 $ 2,121.6 $ (114.7 ) $ (1,123.1 ) $ 1,801.8 Common Stock Outstanding Shares Amount Paid-in Capital Retained Earnings Accumulated Other Treasury Stock, at cost Total Balance, August 31, 2017 41.8 $ 0.5 $ 881.0 $ 1,659.9 $ (99.7 ) $ (776.1 ) $ 1,665.6 Net income — — — 71.5 — — 71.5 Other comprehensive loss — — — — (8.9 ) — (8.9 ) Amortization, issuance, and cancellations of restricted stock grants 0.1 — 2.5 — — 0.1 2.6 Employee stock purchase plan issuances — — 0.2 — — — 0.2 Cash dividends of $0.13 per share paid on common stock — — — (5.5 ) — — (5.5 ) Stock options exercised — — 0.6 — — — 0.6 Balance, November 30, 2017 41.9 0.5 884.3 1,725.9 (108.6 ) (776.0 ) 1,726.1 Net income — — 96.9 — — 96.9 Other comprehensive income — — — — 4.3 — 4.3 Reclassification of stranded tax effects of the TCJA (1) — — — 11.1 (11.1 ) — — Amortization, issuance, and cancellations of restricted stock grants 0.1 — 7.6 — — — 7.6 Employee stock purchase plan issuances — — 0.1 — — — 0.1 Cash dividends of $0.13 per share paid on common stock — — — (5.4 ) — — (5.4 ) Stock options exercised — — 0.5 — — — 0.5 Repurchases of common stock (1.2 ) — — — — (194.3 ) (194.3 ) Balance, February 28, 2018 40.8 $ 0.5 $ 892.5 $ 1,828.5 $ (115.4 ) $ (970.3 ) $ 1,635.8 _______________________________________ (1) See Income Taxes footnote of the Notes to Consolidated Financial Statements

Comprehensive Income (Tables)

Comprehensive Income (Tables)	6 Months Ended
Comprehensive Income (Tables)	Feb. 28, 2019
Equity [Abstract]
Changes in components of accumulated other comprehensive income (loss) items	The following table presents the changes in each component of accumulated other comprehensive loss during the six months ended February 28, 2019 and 2018 (in millions): Foreign Currency Items Defined Benefit Pension Plans Accumulated Other Comprehensive Loss Items Balance at August 31, 2018 $ (53.9 ) $ (60.9 ) $ (114.8 ) Other comprehensive (loss) income before reclassifications (3.9 ) 0.9 (3.0 ) Amounts reclassified from accumulated other comprehensive loss — 3.1 3.1 Net current period other comprehensive (loss) income (3.9 ) 4.0 0.1 Balance at February 28, 2019 $ (57.8 ) $ (56.9 ) $ (114.7 ) Foreign Currency Items Defined Benefit Pension Plans Accumulated Other Comprehensive Loss Items Balance at August 31, 2017 $ (28.7 ) $ (71.0 ) $ (99.7 ) Other comprehensive loss before reclassifications (8.0 ) — (8.0 ) Amounts reclassified from accumulated other comprehensive loss — 3.4 3.4 Net current period other comprehensive (loss) income (8.0 ) 3.4 (4.6 ) Reclassification of stranded tax effects of TCJA (1) — (11.1 ) (11.1 ) Balance at February 28, 2018 $ (36.7 ) $ (78.7 ) $ (115.4 ) ______________________________________ (1) See Income Taxes footnote of the Notes to Consolidated Financial Statements within our Form 10-K for additional details.
Schedule of comprehensive income (loss)	The following table presents the tax expense or benefit allocated to each component of other comprehensive income (loss) for the three and six months ended February 28, 2019 and 2018 (in millions): Three Months Ended February 28, 2019 February 28, 2018 Before Tax Amount Tax (Expense) Benefit Net of Tax Amount Before Tax Amount Tax (Expense) Benefit Net of Tax Amount Foreign currency translation adjustments $ 4.9 $ — $ 4.9 $ 2.5 $ — $ 2.5 Defined benefit pension plans: Amortization of defined benefit pension items: Prior service cost 0.7 (0.1 ) 0.6 0.8 (0.2 ) 0.6 Actuarial losses 1.0 (0.2 ) 0.8 1.7 (0.5 ) 1.2 Total defined benefit pension plans, net 1.7 (0.3 ) 1.4 2.5 (0.7 ) 1.8 Other comprehensive loss $ 6.6 $ (0.3 ) $ 6.3 $ 5.0 $ (0.7 ) $ 4.3 Six Months Ended February 28, 2019 February 28, 2018 Before Tax Amount Tax (Expense) Benefit Net of Tax Amount Before Tax Amount Tax (Expense) Benefit Net of Tax Amount Foreign currency translation adjustments $ (3.9 ) $ — $ (3.9 ) $ (8.0 ) $ — $ (8.0 ) Defined benefit pension plans: Actuarial gain or loss 1.3 (0.4 ) 0.9 — — — Amortization of defined benefit pension items: Prior service cost 1.5 (0.3 ) 1.2 1.6 (0.6 ) 1.0 Actuarial losses 2.1 (0.5 ) 1.6 3.4 (1.0 ) 2.4 Settlement losses 0.4 (0.1 ) 0.3 — — — Total defined benefit pension plans, net 5.3 (1.3 ) 4.0 5.0 (1.6 ) 3.4 Other comprehensive loss $ 1.4 $ (1.3 ) $ 0.1 $ (3.0 ) $ (1.6 ) $ (4.6 )

Debt and Lines of Credit (Table

Debt and Lines of Credit (Tables)	6 Months Ended
Debt and Lines of Credit (Tables)	Feb. 28, 2019
Debt Disclosure [Abstract]
Components of Interest Expense, Net	The following table summarizes the components of interest expense, net for the three and six months ended February 28, 2019 and 2018 (in millions): Three Months Ended Six Months Ended February 28, 2019 February 28, 2018 February 28, 2019 February 28, 2018 Interest expense $ 9.1 $ 8.7 $ 18.3 $ 17.4 Interest income (0.5 ) (0.7 ) (1.0 ) (1.3 ) Interest expense, net $ 8.6 $ 8.0 $ 17.3 $ 16.1

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
Commitments and Contingencies (Tables)	Feb. 28, 2019
Commitments and Contingencies Disclosure [Abstract]
Schedule of Product Warranty Liability	The changes in the reserves for product warranty and recall costs during the six months ended February 28, 2019 and 2018 are summarized as follows (in millions): Six Months Ended February 28, 2019 February 28, 2018 Beginning balance $ 27.3 $ 22.0 Warranty and recall costs 9.6 15.1 Payments and other deductions (9.2 ) (13.1 ) ASC 606 adjustments (1) (14.8 ) — Ending balance $ 12.9 $ 24.0 ______________________________ (1) Certain service-type warranties accounted for as contingent liabilities prior to the adoption of ASC 606 are now reflected as contract liabilities effective September 1, 2018. Refer to the New Accounting Pronouncements and Revenue Recognition

Share-based Payments (Tables)

Share-based Payments (Tables)	6 Months Ended
Share-based Payments (Tables)	Feb. 28, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Share-based Payment Expense and Shares Issued Upon Exercise of Options	The following table presents share-based payment expense and new shares issued upon exercise of stock options for the three and six months ended February 28, 2019 and 2018 (in millions, except shares): Three Months Ended Six Months Ended February 28, 2019 February 28, 2018 February 28, 2019 February 28, 2018 Share-based payment expense $ 7.5 $ 8.3 $ 15.3 $ 16.8 Shares issued from option exercises — 3,208 — 9,364

Pension Plans (Tables)

Pension Plans (Tables)	6 Months Ended
Pension Plans (Tables)	Feb. 28, 2019
Retirement Benefits [Abstract]
Schedule of Net Periodic Pension Cost	Net periodic pension cost during the three and six months ended February 28, 2019 and 2018 included the following components before tax (in millions): Three Months Ended Six Months Ended February 28, 2019 February 28, 2018 February 28, 2019 February 28, 2018 Service cost $ 0.8 $ 0.7 $ 1.6 $ 1.4 Interest cost 2.3 2.2 4.5 4.4 Expected return on plan assets (3.2 ) (3.1 ) (6.3 ) (6.2 ) Amortization of prior service cost 0.7 0.8 1.5 1.6 Settlement loss — — 0.4 — Recognized actuarial loss 1.0 1.7 2.1 3.4 Net periodic pension cost $ 1.6 $ 2.3 $ 3.8 $ 4.6

Special Charge (Tables)

Special Charge (Tables)	6 Months Ended
Special Charge (Tables)	Feb. 28, 2019
Restructuring and Related Activities [Abstract]
Schedule of Restructuring Reserve by Type of Cost	Costs reflected within Special charge on the Consolidated Statements of Comprehensive Income for the three and six months ended February 28, 2019 and 2018 are summarized as follows (in millions): Three Months Ended Six Months Ended February 28, 2019 February 28, 2018 February 28, 2019 February 28, 2018 Severance and employee-related costs $ (0.3 ) $ 0.6 $ (0.8 ) $ 0.8 Move and other restructuring costs 0.7 — 2.2 — Total special charges $ 0.4 $ 0.6 $ 1.4 $ 0.8 six months ended February 28, 2019 are summarized as follows (in millions): Fiscal 2018 Actions Fiscal 2017 Actions Total Balance at August 31, 2018 $ 9.2 $ 0.9 10.1 Severance costs (0.4 ) (0.4 ) (0.8 ) Payments made during the period (4.3 ) (0.4 ) (4.7 ) Balance at February 28, 2019 $ 4.5 $ 0.1 $ 4.6

Supplemental Guarantor Conden_2

Supplemental Guarantor Condensed Consolidating Financial Statements (Tables)	6 Months Ended
	Feb. 28, 2019
Condensed Financial Information Disclosure [Abstract]
CONDENSED CONSOLIDATING BALANCE SHEETS	CONDENSED CONSOLIDATING BALANCE SHEETS (In millions) February 28, 2019 Parent Subsidiary Issuer Subsidiary Guarantor Non- Guarantors Consolidating Adjustments Consolidated ASSETS Current assets: Cash and cash equivalents $ 152.1 $ 17.8 $ — $ 62.1 $ — $ 232.0 Accounts receivable, net — 450.9 — 69.2 — 520.1 Inventories — 385.4 — 27.6 — 413.0 Other current assets 20.4 29.9 — 17.2 — 67.5 Total current assets 172.5 884.0 — 176.1 — 1,232.6 Property, plant, and equipment, net 0.1 224.6 — 59.5 — 284.2 Goodwill — 746.3 2.7 219.5 — 968.5 Intangible assets, net — 278.8 105.1 98.5 — 482.4 Deferred income taxes 36.1 — — 6.2 (39.4 ) 2.9 Other long-term assets 0.3 19.1 — 1.8 — 21.2 Investments in and amounts due from affiliates 1,698.8 491.4 300.4 — (2,490.6 ) — Total assets $ 1,907.8 $ 2,644.2 $ 408.2 $ 561.6 $ (2,530.0 ) $ 2,991.8 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable $ 0.7 $ 325.3 $ — $ 25.1 $ — $ 351.1 Current maturities of long-term debt — 6.6 — 0.4 — 7.0 Other accrued liabilities 9.3 175.8 — 41.2 — 226.3 Total current liabilities 10.0 507.7 — 66.7 — 584.4 Long-term debt — 347.1 — 2.6 — 349.7 Deferred income taxes — 103.5 — 25.7 (39.4 ) 89.8 Other long-term liabilities 96.0 55.5 — 14.6 — 166.1 Amounts due to affiliates — — — 131.3 (131.3 ) — Total stockholders’ equity 1,801.8 1,630.4 408.2 320.7 (2,359.3 ) 1,801.8 Total liabilities and stockholders’ equity $ 1,907.8 $ 2,644.2 $ 408.2 $ 561.6 $ (2,530.0 ) $ 2,991.8 CONDENSED CONSOLIDATING BALANCE SHEETS (In millions) August 31, 2018 Parent Subsidiary Issuer Subsidiary Guarantor Non- Guarantors Consolidating Adjustments Consolidated ASSETS Current assets: Cash and cash equivalents $ 80.5 $ — $ — $ 48.6 $ — $ 129.1 Accounts receivable, net — 560.7 — 77.2 — 637.9 Inventories — 386.6 — 25.2 — 411.8 Other current assets 2.3 18.6 — 11.4 — 32.3 Total current assets 82.8 965.9 — 162.4 — 1,211.1 Property, plant, and equipment, net 0.2 226.8 — 59.7 — 286.7 Goodwill — 746.5 2.7 221.4 — 970.6 Intangible assets, net — 286.6 106.5 105.6 — 498.7 Deferred income taxes 36.4 — — 6.2 (39.7 ) 2.9 Other long-term assets 1.2 15.6 — 2.0 — 18.8 Investments in and amounts due from affiliates 1,707.0 370.6 279.5 — (2,357.1 ) — Total assets $ 1,827.6 $ 2,612.0 $ 388.7 $ 557.3 $ (2,396.8 ) $ 2,988.8 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable $ 0.3 $ 420.7 $ — $ 30.1 $ — $ 451.1 Current maturities of long-term debt — — — 0.4 — 0.4 Other accrued liabilities 18.8 170.1 — 42.3 — 231.2 Total current liabilities 19.1 590.8 — 72.8 — 682.7 Long-term debt — 353.5 — 2.9 — 356.4 Deferred income taxes — 106.5 — 25.7 (39.7 ) 92.5 Other long-term liabilities 91.7 34.0 — 14.7 — 140.4 Amounts due to affiliates — — — 138.8 (138.8 ) — Total stockholders’ equity 1,716.8 1,527.2 388.7 302.4 (2,218.3 ) 1,716.8 Total liabilities and stockholders’ equity $ 1,827.6 $ 2,612.0 $ 388.7 $ 557.3 $ (2,396.8 ) $ 2,988.8
CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME	CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (In millions) Three Months Ended February 28, 2019 Parent Subsidiary Issuer Subsidiary Guarantor Non- Guarantors Consolidating Adjustments Consolidated Net sales: External sales $ — $ 756.6 $ — $ 97.8 $ — $ 854.4 Intercompany sales — — 12.6 50.0 (62.6 ) — Total sales — 756.6 12.6 147.8 (62.6 ) 854.4 Cost of products sold — 466.6 — 103.3 (49.4 ) 520.5 Gross profit — 290.0 12.6 44.5 (13.2 ) 333.9 Selling, distribution, and administrative expenses 10.8 202.1 0.7 37.2 (13.2 ) 237.6 Intercompany charges (0.9 ) — — 0.9 — — Special charge — 0.4 — — — 0.4 Operating (loss) profit (9.9 ) 87.5 11.9 6.4 — 95.9 Interest expense, net 3.0 4.4 — 1.2 — 8.6 Equity earnings in subsidiaries (77.3 ) (8.7 ) — — 86.0 — Miscellaneous expense (income), net 1.5 (0.1 ) — (0.3 ) — 1.1 Income before income taxes 62.9 91.9 11.9 5.5 (86.0 ) 86.2 Income tax (benefit) expense (3.4 ) 19.3 2.5 1.5 — 19.9 Net income 66.3 72.6 9.4 4.0 (86.0 ) 66.3 Other comprehensive income (loss) items: Foreign currency translation adjustments 4.9 4.9 — — (4.9 ) 4.9 Defined benefit plans, net of tax 1.4 1.1 — 0.3 (1.4 ) 1.4 Other comprehensive income items, net of tax 6.3 6.0 — 0.3 (6.3 ) 6.3 Comprehensive income $ 72.6 $ 78.6 $ 9.4 $ 4.3 $ (92.3 ) $ 72.6 CONDENSED CONSOL IDATING STATEMENTS OF COMPREHENSIVE INCOME (In millions) Three Months Ended February 28, 2018 Parent Subsidiary Issuer Subsidiary Guarantor Non- Guarantors Consolidating Adjustments Consolidated Net sales: External sales $ — $ 740.4 $ — $ 91.7 $ — $ 832.1 Intercompany sales — — 12.5 41.2 (53.7 ) — Total sales — 740.4 12.5 132.9 (53.7 ) 832.1 Cost of products sold — 441.0 — 95.3 (38.7 ) 497.6 Gross profit — 299.4 12.5 37.6 (15.0 ) 334.5 Selling, distribution, and administrative expenses 9.6 211.8 0.8 37.2 (15.0 ) 244.4 Intercompany charges (0.8 ) (0.4 ) — 1.2 — — Special charge — 0.6 — — — 0.6 Operating (loss) profit (8.8 ) 87.4 11.7 (0.8 ) — 89.5 Interest expense, net 2.6 4.0 — 1.4 — 8.0 Equity earnings in subsidiaries (106.2 ) (1.0 ) — 0.1 107.1 — Miscellaneous expense, net 1.6 0.8 — 0.4 — 2.8 Income (loss) before income taxes 93.2 83.6 11.7 (2.7 ) (107.1 ) 78.7 Income tax (benefit) expense (3.5 ) (15.0 ) 0.9 (0.6 ) — (18.2 ) Net income (loss) 96.7 98.6 10.8 (2.1 ) (107.1 ) 96.9 Other comprehensive income (loss) items: Foreign currency translation adjustments 2.5 2.5 — — (2.5 ) 2.5 Defined benefit plans, net of tax 1.8 1.3 — 0.5 (1.8 ) 1.8 Other comprehensive income items, net of tax 4.3 3.8 — 0.5 (4.3 ) 4.3 Comprehensive income (loss) $ 101.0 $ 102.4 $ 10.8 $ (1.6 ) $ (111.4 ) $ 101.2 (In millions) Six Months Ended February 28, 2019 Parent Subsidiary Issuer Subsidiary Guarantor Non- Guarantors Consolidating Adjustments Consolidated Net sales: External sales $ — $ 1,585.5 $ — $ 201.5 $ — $ 1,787.0 Intercompany sales — — 26.3 103.0 (129.3 ) — Total sales — 1,585.5 26.3 304.5 (129.3 ) 1,787.0 Cost of products sold — 967.1 — 219.6 (101.1 ) 1,085.6 Gross profit — 618.4 26.3 84.9 (28.2 ) 701.4 Selling, distribution, and administrative expenses 19.7 419.8 1.4 75.0 (28.2 ) 487.7 Intercompany charges (2.2 ) — — 2.2 — — Special charge — 1.4 — — — 1.4 Operating (loss) profit (17.5 ) 197.2 24.9 7.7 — 212.3 Interest expense, net 6.1 8.8 — 2.4 — 17.3 Equity earnings in subsidiaries (166.4 ) (12.0 ) — 0.1 178.3 — Miscellaneous expense (income), net 3.4 (0.7 ) — (0.3 ) — 2.4 Income before income taxes 139.4 201.1 24.9 5.5 (178.3 ) 192.6 Income tax (benefit) expense (6.4 ) 45.9 5.2 2.0 — 46.7 Net income 145.8 155.2 19.7 3.5 (178.3 ) 145.9 Other comprehensive income (loss) items: Foreign currency translation adjustments (3.9 ) (3.9 ) — — 3.9 (3.9 ) Defined benefit plans, net of tax 4.0 2.3 — 0.6 (2.9 ) 4.0 Other comprehensive income (loss) items, net of tax 0.1 (1.6 ) — 0.6 1.0 0.1 Comprehensive income $ 145.9 $ 153.6 $ 19.7 $ 4.1 $ (177.3 ) $ 146.0 CONDENSED CONSOL IDATING STATEMENTS OF COMPREHENSIVE INCOME (In millions) Six Months Ended February 28, 2018 Parent Subsidiary Issuer Subsidiary Guarantor Non- Guarantors Consolidating Adjustments Consolidated Net sales: External sales $ — $ 1,484.6 $ — $ 190.3 $ — $ 1,674.9 Intercompany sales — — 24.5 84.7 (109.2 ) — Total sales — 1,484.6 24.5 275.0 (109.2 ) 1,674.9 Cost of products sold — 871.1 — 200.2 (80.8 ) 990.5 Gross profit — 613.5 24.5 74.8 (28.4 ) 684.4 Selling, distribution, and administrative expenses 20.2 406.5 1.6 74.0 (28.4 ) 473.9 Intercompany charges (1.9 ) (0.8 ) — 2.7 — — Special charge — 0.8 — — — 0.8 Operating (loss) profit (18.3 ) 207.0 22.9 (1.9 ) — 209.7 Interest expense, net 5.3 8.0 — 2.8 — 16.1 Equity earnings in subsidiaries (187.1 ) (2.1 ) — 0.1 189.1 — Miscellaneous expense (income), net 3.2 1.3 — (0.5 ) — 4.0 Income (loss) before income taxes 160.3 199.8 22.9 (4.3 ) (189.1 ) 189.6 Income tax (benefit) expense (8.5 ) 27.2 3.0 (0.5 ) — 21.2 Net income (loss) 168.8 172.6 19.9 (3.8 ) (189.1 ) 168.4 Other comprehensive income (loss) items: Foreign currency translation adjustments (8.0 ) (8.0 ) — — 8.0 (8.0 ) Defined benefit plans, net of tax 3.4 2.5 — 0.9 (3.4 ) 3.4 Other comprehensive (loss) income items, net of tax (4.6 ) (5.5 ) — 0.9 4.6 (4.6 ) Comprehensive income (loss) $ 164.2 $ 167.1 $ 19.9 $ (2.9 ) $ (184.5 ) $ 163.8
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (In millions) Six Months Ended February 28, 2019 Parent Subsidiary Issuer Subsidiary Guarantor Non- Guarantors Consolidating Adjustments Consolidated Net cash provided by operating activities $ 133.8 $ 35.9 $ — $ 18.6 $ — $ 188.3 Cash flows from investing activities: Purchases of property, plant, and equipment — (20.2 ) — (4.7 ) — (24.9 ) Other investing activities 0.8 2.1 — — — 2.9 Net cash provided by (used for) investing activities 0.8 (18.1 ) — (4.7 ) — (22.0 ) Cash flows from financing activities: Borrowings on credit facility — 86.5 — — — 86.5 Repayments of borrowings on credit facility — (86.5 ) — — — (86.5 ) Repayments of long-term debt — — — (0.2 ) — (0.2 ) Proceeds from stock option exercises and other 0.3 — — — — 0.3 Repurchases of common stock (48.7 ) — — — — (48.7 ) Withholding taxes on net settlement of equity awards (4.3 ) — — — — (4.3 ) Dividends paid (10.5 ) — — — — (10.5 ) Net cash used for financing activities (63.2 ) — — (0.2 ) — (63.4 ) Effect of exchange rates changes on cash 0.2 — — (0.2 ) — — Net change in cash and cash equivalents 71.6 17.8 — 13.5 — 102.9 Cash and cash equivalents at beginning of period 80.5 — — 48.6 — 129.1 Cash and cash equivalents at end of period $ 152.1 $ 17.8 $ — $ 62.1 $ — $ 232.0 CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (In millions) Six Months Ended February 28, 2018 Parent Subsidiary Issuer Subsidiary Guarantor Non- Guarantors Consolidating Adjustments Consolidated Net cash provided by operating activities $ 141.1 $ 14.4 $ — $ 22.1 $ — $ 177.6 Cash flows from investing activities: Purchases of property, plant, and equipment — (15.2 ) — (5.7 ) — (20.9 ) Investments in subsidiaries (26.4 ) — — — 26.4 — Acquisitions of business, net of cash acquired — — — (26.4 ) — (26.4 ) Other investing activities 0.7 — — — — 0.7 Net cash used for investing activities (25.7 ) (15.2 ) — (32.1 ) 26.4 (46.6 ) Cash flows from financing activities: Repayments of long-term debt — — — (0.2 ) — (0.2 ) Proceeds from stock option exercises and other 1.4 — — — — 1.4 Repurchases of common stock (194.3 ) — — — — (194.3 ) Withholding taxes on net settlement of equity awards (6.7 ) — — — — (6.7 ) Intercompany capital — — — 26.4 (26.4 ) — Dividends paid (10.9 ) — — — — (10.9 ) Net cash (used for) provided by financing activities (210.5 ) — — 26.2 (26.4 ) (210.7 ) Effect of exchange rate changes on cash — 0.8 — (2.4 ) — (1.6 ) Net change in cash and cash equivalents (95.1 ) — — 13.8 — (81.3 ) Cash and cash equivalents at beginning of period 237.7 — — 73.4 — 311.1 Cash and cash equivalents at end of period $ 142.6 $ — $ — $ 87.2 $ — $ 229.8

Description of Business and B_2

Description of Business and Basis of Presentation (Details)	6 Months Ended
Description of Business and Basis of Presentation (Details)	Feb. 28, 2019Segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments	1

Acquisitions and Investments -

Acquisitions and Investments - Narrative (Details) $ in Millions	6 Months Ended
	Feb. 28, 2019USD ($)acquisition	Aug. 31, 2018USD ($)	Feb. 28, 2018USD ($)	Aug. 31, 2017USD ($)
Business Acquisition [Line Items]
Number of acquisitions completed \| acquisition	0
Goodwill	$ 968.5	$ 970.6	$ 911.9	$ 900.9
Fiscal 2018 Acquisitions
Business Acquisition [Line Items]
Goodwill	$ 77
Identified intangible assets		$ 81.8
Weighted average useful life of acquired intangible assets	14 years

New Accounting Pronouncements_2

New Accounting Pronouncements (Details) - USD ($)	3 Months Ended		6 Months Ended
New Accounting Pronouncements (Details) - USD ($)	Feb. 28, 2019	Feb. 28, 2018	Feb. 28, 2019	Feb. 28, 2018	Sep. 01, 2018
New Accounting Pronouncement, Early Adoption [Line Items]
Decrease in cash flows from operations			$ (188,300,000)	$ (177,600,000)
Increase in cash flows from investing activities			(22,000,000)	(46,600,000)
Other Nonoperating Income (Expense)	$ (1,100,000)	$ (2,800,000)	(2,400,000)	(4,000,000)
ASU 2016-15
New Accounting Pronouncement, Early Adoption [Line Items]
Proceeds from corporate-owned life insurance policies			$ 800,000	700,000
Decrease in cash flows from operations				700,000
Increase in cash flows from investing activities				700,000
ASU 2017-07
New Accounting Pronouncement, Early Adoption [Line Items]
Other Nonoperating Income (Expense)		$ (1,500,000)		$ (3,100,000)
ASC 606
New Accounting Pronouncement, Early Adoption [Line Items]
ASC 606 adjustments					$ 13,000,000

New Accounting Pronouncements -

New Accounting Pronouncements - Effects of ASU 2017-07 on Consolidated Statements of Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Feb. 28, 2019	Feb. 28, 2018	Feb. 28, 2019	Feb. 28, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cost of products sold	$ 520.5	$ 497.6	$ 1,085.6	$ 990.5
Selling, distribution, and administrative expenses	237.6	244.4	487.7	473.9
Miscellaneous expense, net	$ 1.1	2.8	$ 2.4	4
ASU 2017-07
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cost of products sold		0.4		0.7
Selling, distribution, and administrative expenses		(1.9)		(3.8)
Miscellaneous expense, net		1.5		3.1
Previously Reported
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cost of products sold		497.2		989.8
Selling, distribution, and administrative expenses		246.3		477.7
Miscellaneous expense, net		$ 1.3		$ 0.9

New Accounting Pronouncements_3

New Accounting Pronouncements - Effects of Adoption of ASC 606 on Consolidated Statement of Comprehensive Income (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended				6 Months Ended
	Feb. 28, 2019	Nov. 30, 2018	Feb. 28, 2018	Nov. 30, 2017	Feb. 28, 2019	Feb. 28, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net sales	$ 854.4		$ 832.1		$ 1,787	$ 1,674.9
Cost of products sold	520.5		497.6		1,085.6	990.5
Selling, distribution, and administrative expenses	237.6		244.4		487.7	473.9
Operating profit	95.9		89.5		212.3	209.7
Income tax expense (benefit)	19.9		(18.2)		46.7	21.2
Net income	$ 66.3	$ 79.6	$ 96.9	$ 71.5	$ 145.9	$ 168.4
Basic earnings per share (in dollars per share)	$ 1.68		$ 2.34		$ 3.67	$ 4.05
Diluted earnings per share (in dollars per share)	$ 1.67		$ 2.33		$ 3.66	$ 4.04
Without ASC 606 Adoption \| ASC 606
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net sales	$ 856				$ 1,791
Cost of products sold	521				1,087.4
Selling, distribution, and administrative expenses	237.5				487.5
Operating profit	97.1				214.7
Income tax expense (benefit)	20.2				47.3
Net income	$ 67.2				$ 147.7
Basic earnings per share (in dollars per share)	$ 1.70				$ 3.72
Diluted earnings per share (in dollars per share)	$ 1.69				$ 3.71
Higher (Lower) \| ASC 606
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net sales	$ (1.6)				$ (4)
Cost of products sold	(0.5)				(1.8)
Selling, distribution, and administrative expenses	0.1				0.2
Operating profit	(1.2)				(2.4)
Income tax expense (benefit)	(0.3)				(0.6)
Net income	$ (0.9)				$ (1.8)
Basic earnings per share (in dollars per share)	$ (0.02)				$ (0.05)
Diluted earnings per share (in dollars per share)	$ (0.02)				$ (0.05)

New Accounting Pronouncements_4

New Accounting Pronouncements - Effects of Adoption of ASC 606 on Consolidated Balance Sheets (Details) - USD ($) $ in Millions	Feb. 28, 2019	Aug. 31, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Accounts receivable, net	$ 520.1	$ 637.9
Prepayments and other current assets	67.5	32.3
Other accrued liabilities	165.3	164.2
Deferred income tax liabilities	89.8	92.5
Other long-term liabilities	94.9	67.9
Retained earnings	2,121.6	$ 1,999.2
Without ASC 606 Adoption \| ASC 606
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Accounts receivable, net	500.5
Prepayments and other current assets	52.3
Other accrued liabilities	130.3
Deferred income tax liabilities	94.6
Other long-term liabilities	75.5
Retained earnings	2,136.4
Higher (Lower) \| ASC 606
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Accounts receivable, net	19.6
Prepayments and other current assets	15.2
Other accrued liabilities	35
Deferred income tax liabilities	(4.8)
Other long-term liabilities	19.4
Retained earnings	$ (14.8)

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Millions	6 Months Ended
Revenue Recognition (Details) - USD ($) $ in Millions	Feb. 28, 2019	Sep. 01, 2018
Disaggregation of Revenue [Line Items]
Right of return assets	$ 15.2	$ 16.4
Revenue recognized from beginning balances of contract liabilities	$ 3.1
Timing of revenue recognition	Non-current deferred revenues primarily consist of long-term service-type warranties, which are typically recognized ratably as revenue between five and ten years from the date of sale, and are included within Other long-term liabilities on the Consolidated Balance Sheets
Revenue \| Concentration \| Short-term Contract with Customers
Disaggregation of Revenue [Line Items]
Revenues generated from short-term contracts (percent)	94.00%
Revenue \| Concentration \| Contracts With Multiple Performance Obligations
Disaggregation of Revenue [Line Items]
Revenues generated from short-term contracts (percent)	6.00%
Rights of return, cash discounts and other miscellaneous credits
Disaggregation of Revenue [Line Items]
Refund liabilities	$ 36.9	41.2
Marketing and trade-promotion programs
Disaggregation of Revenue [Line Items]
Refund liabilities	$ 32.9	$ 43.9

Revenue Recognition - Contract

Revenue Recognition - Contract Balances (Details) - USD ($) $ in Millions	Feb. 28, 2019	Sep. 01, 2018
Revenue from Contract with Customer [Abstract]
Current deferred revenues	$ 4.4	$ 4.8
Non-current deferred revenues	$ 40.3	$ 35

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregated Revenues (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Feb. 28, 2019	Feb. 28, 2018	Feb. 28, 2019	Feb. 28, 2018
Disaggregation of Revenue [Line Items]
Total sales	$ 854.4	$ 832.1	$ 1,787	$ 1,674.9
Independent sales network
Disaggregation of Revenue [Line Items]
Total sales	571.3		1,221.1
Direct sales network
Disaggregation of Revenue [Line Items]
Total sales	87.3		186.3
Retail sales
Disaggregation of Revenue [Line Items]
Total sales	73.6		159.1
Corporate accounts
Disaggregation of Revenue [Line Items]
Total sales	75.3		127.4
Other
Disaggregation of Revenue [Line Items]
Total sales	$ 46.9		$ 93.1

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Millions	Feb. 28, 2019	Aug. 31, 2018	Feb. 28, 2018	Aug. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	$ 232	$ 129.1	$ 229.8	$ 311.1
Carrying Value \| Senior unsecured public notes, net of unamortized discount and deferred costs
Liabilities:
Carrying and estimated fair values of financial instruments	349.7	349.5
Carrying Value \| Industrial revenue bond \| Industrial Revenue Bond Maturing in 2021
Liabilities:
Carrying and estimated fair values of financial instruments	4	4
Carrying Value \| Bank loans
Liabilities:
Carrying and estimated fair values of financial instruments	3	3.3
Fair Value \| Level 2 \| Senior unsecured public notes, net of unamortized discount and deferred costs
Liabilities:
Carrying and estimated fair values of financial instruments	357	361.7
Fair Value \| Level 2 \| Industrial revenue bond \| Industrial Revenue Bond Maturing in 2021
Liabilities:
Carrying and estimated fair values of financial instruments	4	4
Fair Value \| Level 2 \| Bank loans
Liabilities:
Carrying and estimated fair values of financial instruments	$ 3.1	$ 3.3

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Feb. 28, 2019	Feb. 28, 2018	Feb. 28, 2019	Feb. 28, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of intangible assets	$ 7.7	$ 6.7	$ 15.4	$ 13.3
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Amortization expense in fiscal 2019	30.8		30.8
Amortization expense in fiscal 2020	30.8		30.8
Amortization expense in fiscal 2021	28		28
Amortization expense in fiscal 2022	27		27
Amortization expense in fiscal 2023	$ 25.9		$ 25.9

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets (Changes in Goodwill) (Details) - USD ($) $ in Millions	6 Months Ended
	Feb. 28, 2019	Feb. 28, 2018
Goodwill [Roll Forward]
Goodwill, Beginning Balance	$ 970.6	$ 900.9
Additions from acquired businesses	0	13.4
Foreign currency translation adjustments	(2.1)	(2.4)
Goodwill, Ending Balance	$ 968.5	$ 911.9

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Feb. 28, 2019	Aug. 31, 2018
Inventory, Net [Abstract]
Raw materials, supplies, and work in process	$ 183.8	$ 196.8
Finished goods	259.5	251.8
Inventories excluding reserves	443.3	448.6
Less: Reserves	(30.3)	(36.8)
Total inventories	$ 413	$ 411.8

Earnings Per Share (Basic and D

Earnings Per Share (Basic and Diluted Earnings per Share - Treasury Stock Method) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended				6 Months Ended
	Feb. 28, 2019	Nov. 30, 2018	Feb. 28, 2018	Nov. 30, 2017	Feb. 28, 2019	Feb. 28, 2018
Earnings Per Share [Abstract]
Net Income	$ 66.3	$ 79.6	$ 96.9	$ 71.5	$ 145.9	$ 168.4
Basic weighted average shares outstanding (in shares)	39.5		41.4		39.7	41.6
Common stock equivalents (in shares)	0.1		0.1		0.1	0.1
Diluted weighted average shares outstanding (in shares)	39.6		41.5		39.8	41.7
Basic earnings per share (in dollars per share)	$ 1.68		$ 2.34		$ 3.67	$ 4.05
Diluted earnings per share (in dollars per share)	$ 1.67		$ 2.33		$ 3.66	$ 4.04

Earnings Per Share (Antidilutiv

Earnings Per Share (Antidilutive Securities Excluded from EPS Computation) (Details) - shares	3 Months Ended		6 Months Ended
	Feb. 28, 2019	Feb. 28, 2018	Feb. 28, 2019	Feb. 28, 2018
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock options excluded from diluted earnings per share (in shares)	314,673	189,428	290,360	176,549
Restricted stock awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock options excluded from diluted earnings per share (in shares)	189,683	198,186	194,232	216,746

Changes in Stockholders' Equi_3

Changes in Stockholders' Equity (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended				6 Months Ended
	Feb. 28, 2019	Nov. 30, 2018	Feb. 28, 2018	Nov. 30, 2017	Feb. 28, 2019	Feb. 28, 2018	Sep. 01, 2018
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ 1,750.9	$ 1,716.8	$ 1,726.1	$ 1,665.6	$ 1,716.8	$ 1,665.6
Net income	66.3	79.6	96.9	71.5	145.9	168.4
Other comprehensive loss	6.3	(6.2)	4.3	(8.9)
Amortization, issuance, and cancellations of restricted stock grants	7.1	3.8	7.6	2.6
Employee stock purchase plan issuances	0.2	0.1	0.1	0.2
Cash dividends of $0.13 per share paid on common stock	(5.3)	(5.2)	(5.4)	(5.5)
Stock options exercised			0.5	0.6
Repurchases of common stock	(23.7)	(25)	(194.3)
Ending balance	$ 1,801.8	$ 1,750.9	$ 1,635.8	$ 1,726.1	1,801.8	1,635.8
Cash dividends paid (usd per share)	$ 0.13	$ 0.13	$ 0.13	$ 0.13
Common Stock Outstanding
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ 0.5	$ 0.5	$ 0.5	$ 0.5	$ 0.5	$ 0.5
Beginning balance (shares)	39.9	40	41.9	41.8	40	41.8
Amortization, issuance, and cancellations of restricted stock grants (shares)	0	0.1	0.1	0.1
Repurchases of common stock (shares)	(0.2)	(0.2)	(1.2)
Ending balance	$ 0.5	$ 0.5	$ 0.5	$ 0.5	$ 0.5	$ 0.5
Ending balance (shares)	39.7	39.9	40.8	41.9	39.7	40.8
Paid-in Capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ 910.2	$ 906.3	$ 884.3	$ 881	$ 906.3	$ 881
Amortization, issuance, and cancellations of restricted stock grants	7.1	3.8	7.6	2.5
Employee stock purchase plan issuances	0.2	0.1	0.1	0.2
Stock options exercised			0.5	0.6
Ending balance	917.5	910.2	892.5	884.3	917.5	892.5
Retained Earnings
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	2,060.6	1,999.2	1,725.9	1,659.9	1,999.2	1,659.9
Net income	66.3	79.6	96.9	71.5
Cash dividends of $0.13 per share paid on common stock	(5.3)	(5.2)	(5.4)	(5.5)
Ending balance	2,121.6	2,060.6	1,828.5	1,725.9	2,121.6	1,828.5
Accumulated Other Comprehensive Loss
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(121)	(114.8)	(108.6)	(99.7)	(114.8)	(99.7)
Other comprehensive loss	6.3	(6.2)	4.3	(8.9)	0.1	(4.6)
Reclassification of stranded tax effects of the TCJA			(11.1)			(11.1)
Ending balance	(114.7)	(121)	(115.4)	(108.6)	(114.7)	(115.4)
Treasury Stock, at cost
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(1,099.4)	(1,074.4)	(776)	(776.1)	(1,074.4)	(776.1)
Amortization, issuance, and cancellations of restricted stock grants				0.1
Repurchases of common stock	(23.7)	(25)	(194.3)
Ending balance	$ (1,123.1)	$ (1,099.4)	(970.3)	$ (776)	$ (1,123.1)	$ (970.3)
ASC 606
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclassification of stranded tax effects of the TCJA			0
ASC 606 adjustments and Reclassification of stranded tax effects of the TCJA							$ (13)
ASC 606 \| Retained Earnings
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclassification of stranded tax effects of the TCJA			$ 11.1
ASC 606 adjustments and Reclassification of stranded tax effects of the TCJA							$ (13)

Comprehensive Income (Changes i

Comprehensive Income (Changes in Components of Accumulated Other Comprehensive Income (Loss) Items) (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Feb. 28, 2019	Nov. 30, 2018	Feb. 28, 2018	Nov. 30, 2017	Feb. 28, 2019	Feb. 28, 2018
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	$ 1,750.9	$ 1,716.8	$ 1,726.1	$ 1,665.6	$ 1,716.8	$ 1,665.6
Net current period other comprehensive (loss) income	6.3	(6.2)	4.3	(8.9)
Ending balance	1,801.8	1,750.9	1,635.8	1,726.1	1,801.8	1,635.8
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(121)	(114.8)	(108.6)	(99.7)	(114.8)	(99.7)
Other comprehensive (loss) income before reclassifications					(3)	(8)
Amounts reclassified from accumulated other comprehensive loss					3.1	3.4
Net current period other comprehensive (loss) income	6.3	(6.2)	4.3	(8.9)	0.1	(4.6)
Reclassification of stranded tax effects of TCJA			(11.1)			(11.1)
Ending balance	(114.7)	(121)	(115.4)	(108.6)	(114.7)	(115.4)
Foreign Currency Items
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance		(53.9)		(28.7)	(53.9)	(28.7)
Other comprehensive (loss) income before reclassifications					(3.9)	(8)
Amounts reclassified from accumulated other comprehensive loss					0	0
Net current period other comprehensive (loss) income	4.9		2.5		(3.9)	(8)
Reclassification of stranded tax effects of TCJA						0
Ending balance	(57.8)		(36.7)		(57.8)	(36.7)
Defined Benefit Pension Plans
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance		$ (60.9)		$ (71)	(60.9)	(71)
Other comprehensive (loss) income before reclassifications					0.9	0
Amounts reclassified from accumulated other comprehensive loss					3.1	3.4
Net current period other comprehensive (loss) income	1.4		1.8		4	3.4
Reclassification of stranded tax effects of TCJA						(11.1)
Ending balance	$ (56.9)		$ (78.7)		$ (56.9)	$ (78.7)

Comprehensive Income (Tax Amoun

Comprehensive Income (Tax Amounts Allocated to Components of Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Feb. 28, 2019	Nov. 30, 2018	Feb. 28, 2018	Nov. 30, 2017	Feb. 28, 2019	Feb. 28, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Actuarial gain or loss, before tax					$ 1.3	$ 0
Actuarial gain or loss, tax					(0.4)	0
Actuarial gain or loss, net of tax					0.9	0
Other comprehensive (loss) income, net of tax	$ 6.3	$ (6.2)	$ 4.3	$ (8.9)
Other comprehensive loss
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive (loss) income, before tax	6.6		5		1.4	(3)
Other comprehensive (loss) income, tax	(0.3)		(0.7)		(1.3)	(1.6)
Other comprehensive (loss) income, net of tax	6.3	$ (6.2)	4.3	$ (8.9)	0.1	(4.6)
Foreign currency translation adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive (loss) income, before tax	4.9		2.5		(3.9)	(8)
Other comprehensive (loss) income, tax	0		0		0	0
Other comprehensive (loss) income, net of tax	4.9		2.5		(3.9)	(8)
Total defined benefit pension plans, net
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive (loss) income, before tax	1.7		2.5		5.3	5
Other comprehensive (loss) income, tax	(0.3)		(0.7)		(1.3)	(1.6)
Other comprehensive (loss) income, net of tax	1.4		1.8		4	3.4
Prior service cost
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive (loss) income, before tax	0.7		0.8		1.5	1.6
Other comprehensive (loss) income, tax	(0.1)		(0.2)		(0.3)	(0.6)
Other comprehensive (loss) income, net of tax	0.6		0.6		1.2	1
Actuarial losses
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive (loss) income, before tax	1		1.7		2.1	3.4
Other comprehensive (loss) income, tax	(0.2)		(0.5)		(0.5)	(1)
Other comprehensive (loss) income, net of tax	$ 0.8		$ 1.2		1.6	2.4
Settlement losses
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive (loss) income, before tax					0.4	0
Other comprehensive (loss) income, tax					(0.1)	0
Other comprehensive (loss) income, net of tax					$ 0.3	$ 0

Debt and Lines of Credit (Detai

Debt and Lines of Credit (Details)	Jun. 29, 2018USD ($)installment	Feb. 28, 2019USD ($)	Feb. 28, 2018USD ($)	Feb. 28, 2019USD ($)	Feb. 28, 2018USD ($)	Aug. 31, 2018USD ($)
Interest Revenue (Expense), Net [Abstract]
Interest expense		$ 9,100,000	$ 8,700,000	$ 18,300,000	$ 17,400,000
Interest income		(500,000)	(700,000)	(1,000,000)	(1,300,000)
Interest expense, net		8,600,000	$ 8,000,000	17,300,000	$ 16,100,000
Lines of Credit
Line of Credit Facility [Abstract]
Executed revolving credit facility	$ 800,000,000
Minimum interest coverage ratio	2.50
Maximum leverage ratio	3.50
Outstanding letters of credit		9,500,000		9,500,000
Lines of Credit \| Minimum
Line of Credit Facility [Abstract]
Facility fee (percent)	0.125%
Lines of Credit \| Maximum
Line of Credit Facility [Abstract]
Facility fee (percent)	0.25%
Lines of Credit \| New Revolving Credit Facility
Line of Credit Facility [Abstract]
Executed revolving credit facility	$ 400,000,000
Revolving credit facility term	5 years
Borrowings outstanding		0		0
Lines of Credit \| Unsecured Delayed Draw Term Loan
Line of Credit Facility [Abstract]
Executed revolving credit facility	$ 400,000,000
Period over which borrowings are allowed	1 year
Number of separate installments allowed during borrowing period \| installment	4
Lines of Credit \| Previous Credit Facility
Line of Credit Facility [Abstract]
Borrowings outstanding						$ 0
Lines of Credit \| Revolving Credit Facility Maturing August 27, 2019
Line of Credit Facility [Abstract]
Additional borrowing capacity under revolving credit facility		794,700,000		794,700,000
Letters of Credit \| Revolving Credit Facility Maturing August 27, 2019
Line of Credit Facility [Abstract]
Outstanding letters of credit		5,300,000		5,300,000
Senior unsecured public notes \| Senior Unsecured Notes Maturing December 2019
Debt Instruments [Abstract]
Debt outstanding		$ 350,000,000		$ 350,000,000
Interest rate (percent)		6.00%		6.00%
Amount to be refinanced with long-term debt under the Credit Agreement				$ 343,300,000
Industrial revenue bond \| Industrial Revenue Bond Maturing in 2021
Debt Instruments [Abstract]
Debt outstanding		$ 4,000,000		4,000,000
Bank loans \| 2016 Fixed-rate Bank Loans
Debt Instruments [Abstract]
Debt outstanding		$ 3,000,000		$ 3,000,000
Eurocurrency Rate \| Lines of Credit \| New Revolving Credit Facility \| Minimum
Line of Credit Facility [Abstract]
Applicable margins based on company's leverage ratio, percentage	1.00%
Eurocurrency Rate \| Lines of Credit \| New Revolving Credit Facility \| Maximum
Line of Credit Facility [Abstract]
Applicable margins based on company's leverage ratio, percentage	1.375%
Eurocurrency Rate \| Lines of Credit \| Unsecured Delayed Draw Term Loan \| Minimum
Line of Credit Facility [Abstract]
Applicable margins based on company's leverage ratio, percentage	0.875%
Eurocurrency Rate \| Lines of Credit \| Unsecured Delayed Draw Term Loan \| Maximum
Line of Credit Facility [Abstract]
Applicable margins based on company's leverage ratio, percentage	1.25%
Base rate \| Lines of Credit \| New Revolving Credit Facility \| Minimum
Line of Credit Facility [Abstract]
Applicable margins based on company's leverage ratio, percentage	0.00%
Base rate \| Lines of Credit \| New Revolving Credit Facility \| Maximum
Line of Credit Facility [Abstract]
Applicable margins based on company's leverage ratio, percentage	0.375%
Base rate \| Lines of Credit \| Unsecured Delayed Draw Term Loan \| Minimum
Line of Credit Facility [Abstract]
Applicable margins based on company's leverage ratio, percentage	0.00%
Base rate \| Lines of Credit \| Unsecured Delayed Draw Term Loan \| Maximum
Line of Credit Facility [Abstract]
Applicable margins based on company's leverage ratio, percentage	0.25%
Year one \| Lines of Credit \| Unsecured Delayed Draw Term Loan
Line of Credit Facility [Abstract]
Quarterly payment (percent)	2.50%
Year two \| Lines of Credit \| Unsecured Delayed Draw Term Loan
Line of Credit Facility [Abstract]
Quarterly payment (percent)	2.50%
Year three \| Lines of Credit \| Unsecured Delayed Draw Term Loan
Line of Credit Facility [Abstract]
Quarterly payment (percent)	5.00%
Year four \| Lines of Credit \| Unsecured Delayed Draw Term Loan
Line of Credit Facility [Abstract]
Quarterly payment (percent)	5.00%
Year five and after \| Lines of Credit \| Unsecured Delayed Draw Term Loan
Line of Credit Facility [Abstract]
Quarterly payment (percent)	7.50%

Commitments and Contingencies_2

Commitments and Contingencies (Details) - USD ($) $ in Millions	6 Months Ended
	Feb. 28, 2019	Feb. 28, 2018
Commitments and Contingencies Disclosure [Abstract]
Standard warranty term	5 years
Movement in Standard and Extended Product Warranty Accrual, Increase (Decrease) [Roll Forward]
Beginning balance	$ 27.3	$ 22
Warranty and recall costs	9.6	15.1
Payments and other deductions	(9.2)	(13.1)
ASC 606 adjustments	(14.8)	0
Ending balance	$ 12.9	$ 24

Share-based Payments (Details)

Share-based Payments (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Share-based Payments (Details) - USD ($) $ in Millions	Feb. 28, 2019	Feb. 28, 2018	Feb. 28, 2019	Feb. 28, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-based payment expense	$ 7.5	$ 8.3	$ 15.3	$ 16.8
Shares issued from option exercises (shares)	0	3,208	0	9,364

Pension Plans (Details)

Pension Plans (Details) - Pension Plan - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Feb. 28, 2019	Feb. 28, 2018	Feb. 28, 2019	Feb. 28, 2018
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Service cost	$ 0.8	$ 0.7	$ 1.6	$ 1.4
Interest cost	2.3	2.2	4.5	4.4
Expected return on plan assets	(3.2)	(3.1)	(6.3)	(6.2)
Amortization of prior service cost	0.7	0.8	1.5	1.6
Settlement loss	0	0	0.4	0
Recognized actuarial loss	1	1.7	2.1	3.4
Net periodic pension cost	$ 1.6	$ 2.3	$ 3.8	$ 4.6

Special Charge (Details)

Special Charge (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Special Charge (Details) - USD ($) $ in Millions	Feb. 28, 2019	Feb. 28, 2018	Feb. 28, 2019	Feb. 28, 2018
Restructuring Cost and Reserve [Line Items]
Special charge	$ 0.4	$ 0.6	$ 1.4	$ 0.8
Restructuring Reserve [Roll Forward]
Balance, beginning of period			10.1
Severance costs			(0.8)
Payments made during the period			(4.7)
Balance, end of period	4.6		4.6
Fiscal 2018 Actions
Restructuring Reserve [Roll Forward]
Balance, beginning of period			9.2
Severance costs			(0.4)
Payments made during the period			(4.3)
Balance, end of period	4.5		4.5
Fiscal 2017 Actions
Restructuring Reserve [Roll Forward]
Balance, beginning of period			0.9
Severance costs			(0.4)
Payments made during the period			(0.4)
Balance, end of period	0.1		0.1
Severance and employee-related costs
Restructuring Cost and Reserve [Line Items]
Special charge	(0.3)	0.6	(0.8)	0.8
Move and other restructuring costs
Restructuring Cost and Reserve [Line Items]
Special charge	$ 0.7	$ 0	$ 2.2	$ 0

Income Taxes (Details)

Income Taxes (Details) $ in Millions	6 Months Ended
Income Taxes (Details) $ in Millions	Feb. 28, 2019USD ($)
Income Tax Disclosure [Abstract]
Net tax benefit related to preliminary TCJA impacts	$ 0.9
Estimated undistributed earnings of foreign subsidiaries	78.3
Deferred income tax liability for certain foreign withholding taxes and U.S. state taxes	$ 0.6

Supplemental Guarantor Conden_3

Supplemental Guarantor Condensed Consolidating Financial Statements (Balance Sheets) (Details) - USD ($) $ in Millions	Feb. 28, 2019	Nov. 30, 2018	Aug. 31, 2018	Feb. 28, 2018	Nov. 30, 2017	Aug. 31, 2017
Current Assets:
Cash and cash equivalents	$ 232		$ 129.1	$ 229.8		$ 311.1
Accounts receivable, net	520.1		637.9
Inventories	413		411.8
Other current assets	67.5		32.3
Total current assets	1,232.6		1,211.1
Property, plant, and equipment, net	284.2		286.7
Goodwill	968.5		970.6	911.9		900.9
Intangible assets, net	482.4		498.7
Deferred income taxes	2.9		2.9
Other long-term assets	21.2		18.8
Investments in and amounts due from affiliates	0		0
Total assets	2,991.8		2,988.8
Current Liabilities:
Accounts payable	351.1		451.1
Current maturities of long-term debt	7		0.4
Other accrued liabilities	226.3		231.2
Total current liabilities	584.4		682.7
Long-term debt	349.7		356.4
Deferred income taxes	89.8		92.5
Other long-term liabilities	166.1		140.4
Amounts due to affiliates	0		0
Total stockholders’ equity	1,801.8	$ 1,750.9	1,716.8	1,635.8	$ 1,726.1	1,665.6
Total liabilities and stockholders’ equity	2,991.8		2,988.8
Parent
Current Assets:
Cash and cash equivalents	152.1		80.5	142.6		237.7
Accounts receivable, net	0		0
Inventories	0		0
Other current assets	20.4		2.3
Total current assets	172.5		82.8
Property, plant, and equipment, net	0.1		0.2
Goodwill	0		0
Intangible assets, net	0		0
Deferred income taxes	36.1		36.4
Other long-term assets	0.3		1.2
Investments in and amounts due from affiliates	1,698.8		1,707
Total assets	1,907.8		1,827.6
Current Liabilities:
Accounts payable	0.7		0.3
Current maturities of long-term debt	0		0
Other accrued liabilities	9.3		18.8
Total current liabilities	10		19.1
Long-term debt	0		0
Deferred income taxes	0		0
Other long-term liabilities	96		91.7
Amounts due to affiliates	0		0
Total stockholders’ equity	1,801.8		1,716.8
Total liabilities and stockholders’ equity	1,907.8		1,827.6
Subsidiary Issuer
Current Assets:
Cash and cash equivalents	17.8		0	0		0
Accounts receivable, net	450.9		560.7
Inventories	385.4		386.6
Other current assets	29.9		18.6
Total current assets	884		965.9
Property, plant, and equipment, net	224.6		226.8
Goodwill	746.3		746.5
Intangible assets, net	278.8		286.6
Deferred income taxes	0		0
Other long-term assets	19.1		15.6
Investments in and amounts due from affiliates	491.4		370.6
Total assets	2,644.2		2,612
Current Liabilities:
Accounts payable	325.3		420.7
Current maturities of long-term debt	6.6		0
Other accrued liabilities	175.8		170.1
Total current liabilities	507.7		590.8
Long-term debt	347.1		353.5
Deferred income taxes	103.5		106.5
Other long-term liabilities	55.5		34
Amounts due to affiliates	0		0
Total stockholders’ equity	1,630.4		1,527.2
Total liabilities and stockholders’ equity	2,644.2		2,612
Subsidiary Guarantor
Current Assets:
Cash and cash equivalents	0		0	0		0
Accounts receivable, net	0		0
Inventories	0		0
Other current assets	0		0
Total current assets	0		0
Property, plant, and equipment, net	0		0
Goodwill	2.7		2.7
Intangible assets, net	105.1		106.5
Deferred income taxes	0		0
Other long-term assets	0		0
Investments in and amounts due from affiliates	300.4		279.5
Total assets	408.2		388.7
Current Liabilities:
Accounts payable	0		0
Current maturities of long-term debt	0		0
Other accrued liabilities	0		0
Total current liabilities	0		0
Long-term debt	0		0
Deferred income taxes	0		0
Other long-term liabilities	0		0
Amounts due to affiliates	0		0
Total stockholders’ equity	408.2		388.7
Total liabilities and stockholders’ equity	408.2		388.7
Non- Guarantors
Current Assets:
Cash and cash equivalents	62.1		48.6	87.2		73.4
Accounts receivable, net	69.2		77.2
Inventories	27.6		25.2
Other current assets	17.2		11.4
Total current assets	176.1		162.4
Property, plant, and equipment, net	59.5		59.7
Goodwill	219.5		221.4
Intangible assets, net	98.5		105.6
Deferred income taxes	6.2		6.2
Other long-term assets	1.8		2
Investments in and amounts due from affiliates	0		0
Total assets	561.6		557.3
Current Liabilities:
Accounts payable	25.1		30.1
Current maturities of long-term debt	0.4		0.4
Other accrued liabilities	41.2		42.3
Total current liabilities	66.7		72.8
Long-term debt	2.6		2.9
Deferred income taxes	25.7		25.7
Other long-term liabilities	14.6		14.7
Amounts due to affiliates	131.3		138.8
Total stockholders’ equity	320.7		302.4
Total liabilities and stockholders’ equity	561.6		557.3
Consolidating Adjustments
Current Assets:
Cash and cash equivalents	0		0	$ 0		$ 0
Accounts receivable, net	0		0
Inventories	0		0
Other current assets	0		0
Total current assets	0		0
Property, plant, and equipment, net	0		0
Goodwill	0		0
Intangible assets, net	0		0
Deferred income taxes	(39.4)		(39.7)
Other long-term assets	0		0
Investments in and amounts due from affiliates	(2,490.6)		(2,357.1)
Total assets	(2,530)		(2,396.8)
Current Liabilities:
Accounts payable	0		0
Current maturities of long-term debt	0		0
Other accrued liabilities	0		0
Total current liabilities	0		0
Long-term debt	0		0
Deferred income taxes	(39.4)		(39.7)
Other long-term liabilities	0		0
Amounts due to affiliates	(131.3)		(138.8)
Total stockholders’ equity	(2,359.3)		(2,218.3)
Total liabilities and stockholders’ equity	$ (2,530)		$ (2,396.8)

Supplemental Guarantor Conden_4

Supplemental Guarantor Condensed Consolidating Financial Statements (Income) (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Feb. 28, 2019	Nov. 30, 2018	Feb. 28, 2018	Nov. 30, 2017	Feb. 28, 2019	Feb. 28, 2018
Condensed Financial Statements, Captions [Line Items]
Total sales	$ 854.4		$ 832.1		$ 1,787	$ 1,674.9
Cost of products sold	520.5		497.6		1,085.6	990.5
Gross profit	333.9		334.5		701.4	684.4
Selling, distribution, and administrative expenses	237.6		244.4		487.7	473.9
Intercompany charges	0		0		0	0
Special charge	0.4		0.6		1.4	0.8
Operating profit	95.9		89.5		212.3	209.7
Interest expense, net	8.6		8		17.3	16.1
Equity earnings in subsidiaries	0		0		0	0
Miscellaneous expense (income), net	1.1		2.8		2.4	4
Income before income taxes	86.2		78.7		192.6	189.6
Income tax (benefit) expense	19.9		(18.2)		46.7	21.2
Net income	66.3	$ 79.6	96.9	$ 71.5	145.9	168.4
Other comprehensive income (loss) items:
Foreign currency translation adjustments	4.9		2.5		(3.9)	(8)
Defined benefit plans, net of tax	1.4		1.8		4	3.4
Other comprehensive income (loss), net of tax	6.3		4.3		0.1	(4.6)
Comprehensive income	72.6		101.2		146	163.8
Parent
Condensed Financial Statements, Captions [Line Items]
Total sales	0		0		0	0
Cost of products sold	0		0		0	0
Gross profit	0		0		0	0
Selling, distribution, and administrative expenses	10.8		9.6		19.7	20.2
Intercompany charges	(0.9)		(0.8)		(2.2)	(1.9)
Special charge	0		0		0	0
Operating profit	(9.9)		(8.8)		(17.5)	(18.3)
Interest expense, net	3		2.6		6.1	5.3
Equity earnings in subsidiaries	(77.3)		(106.2)		(166.4)	(187.1)
Miscellaneous expense (income), net	1.5		1.6		3.4	3.2
Income before income taxes	62.9		93.2		139.4	160.3
Income tax (benefit) expense	(3.4)		(3.5)		(6.4)	(8.5)
Net income	66.3		96.7		145.8	168.8
Other comprehensive income (loss) items:
Foreign currency translation adjustments	4.9		2.5		(3.9)	(8)
Defined benefit plans, net of tax	1.4		1.8		4	3.4
Other comprehensive income (loss), net of tax	6.3		4.3		0.1	(4.6)
Comprehensive income	72.6		101		145.9	164.2
Subsidiary Issuer
Condensed Financial Statements, Captions [Line Items]
Total sales	756.6		740.4		1,585.5	1,484.6
Cost of products sold	466.6		441		967.1	871.1
Gross profit	290		299.4		618.4	613.5
Selling, distribution, and administrative expenses	202.1		211.8		419.8	406.5
Intercompany charges	0		(0.4)		0	(0.8)
Special charge	0.4		0.6		1.4	0.8
Operating profit	87.5		87.4		197.2	207
Interest expense, net	4.4		4		8.8	8
Equity earnings in subsidiaries	(8.7)		(1)		(12)	(2.1)
Miscellaneous expense (income), net	(0.1)		0.8		(0.7)	1.3
Income before income taxes	91.9		83.6		201.1	199.8
Income tax (benefit) expense	19.3		(15)		45.9	27.2
Net income	72.6		98.6		155.2	172.6
Other comprehensive income (loss) items:
Foreign currency translation adjustments	4.9		2.5		(3.9)	(8)
Defined benefit plans, net of tax	1.1		1.3		2.3	2.5
Other comprehensive income (loss), net of tax	6		3.8		(1.6)	(5.5)
Comprehensive income	78.6		102.4		153.6	167.1
Subsidiary Guarantor
Condensed Financial Statements, Captions [Line Items]
Total sales	12.6		12.5		26.3	24.5
Cost of products sold	0		0		0	0
Gross profit	12.6		12.5		26.3	24.5
Selling, distribution, and administrative expenses	0.7		0.8		1.4	1.6
Intercompany charges	0		0		0	0
Special charge	0		0		0	0
Operating profit	11.9		11.7		24.9	22.9
Interest expense, net	0		0		0	0
Equity earnings in subsidiaries	0		0		0	0
Miscellaneous expense (income), net	0		0		0	0
Income before income taxes	11.9		11.7		24.9	22.9
Income tax (benefit) expense	2.5		0.9		5.2	3
Net income	9.4		10.8		19.7	19.9
Other comprehensive income (loss) items:
Foreign currency translation adjustments	0		0		0	0
Defined benefit plans, net of tax	0		0		0	0
Other comprehensive income (loss), net of tax	0		0		0	0
Comprehensive income	9.4		10.8		19.7	19.9
Non- Guarantors
Condensed Financial Statements, Captions [Line Items]
Total sales	147.8		132.9		304.5	275
Cost of products sold	103.3		95.3		219.6	200.2
Gross profit	44.5		37.6		84.9	74.8
Selling, distribution, and administrative expenses	37.2		37.2		75	74
Intercompany charges	0.9		1.2		2.2	2.7
Special charge	0		0		0	0
Operating profit	6.4		(0.8)		7.7	(1.9)
Interest expense, net	1.2		1.4		2.4	2.8
Equity earnings in subsidiaries	0		0.1		0.1	0.1
Miscellaneous expense (income), net	(0.3)		0.4		(0.3)	(0.5)
Income before income taxes	5.5		(2.7)		5.5	(4.3)
Income tax (benefit) expense	1.5		(0.6)		2	(0.5)
Net income	4		(2.1)		3.5	(3.8)
Other comprehensive income (loss) items:
Foreign currency translation adjustments	0		0		0	0
Defined benefit plans, net of tax	0.3		0.5		0.6	0.9
Other comprehensive income (loss), net of tax	0.3		0.5		0.6	0.9
Comprehensive income	4.3		(1.6)		4.1	(2.9)
Consolidating Adjustments
Condensed Financial Statements, Captions [Line Items]
Total sales	(62.6)		(53.7)		(129.3)	(109.2)
Cost of products sold	(49.4)		(38.7)		(101.1)	(80.8)
Gross profit	(13.2)		(15)		(28.2)	(28.4)
Selling, distribution, and administrative expenses	(13.2)		(15)		(28.2)	(28.4)
Intercompany charges	0		0		0	0
Special charge	0		0		0	0
Operating profit	0		0		0	0
Interest expense, net	0		0		0	0
Equity earnings in subsidiaries	86		107.1		178.3	189.1
Miscellaneous expense (income), net	0		0		0	0
Income before income taxes	(86)		(107.1)		(178.3)	(189.1)
Income tax (benefit) expense	0		0		0	0
Net income	(86)		(107.1)		(178.3)	(189.1)
Other comprehensive income (loss) items:
Foreign currency translation adjustments	(4.9)		(2.5)		3.9	8
Defined benefit plans, net of tax	(1.4)		(1.8)		(2.9)	(3.4)
Other comprehensive income (loss), net of tax	(6.3)		(4.3)		1	4.6
Comprehensive income	(92.3)		(111.4)		(177.3)	(184.5)
Net sales:
Condensed Financial Statements, Captions [Line Items]
Total sales	854.4		832.1		1,787	1,674.9
Net sales: \| Parent
Condensed Financial Statements, Captions [Line Items]
Total sales	0		0		0	0
Net sales: \| Subsidiary Issuer
Condensed Financial Statements, Captions [Line Items]
Total sales	756.6		740.4		1,585.5	1,484.6
Net sales: \| Subsidiary Guarantor
Condensed Financial Statements, Captions [Line Items]
Total sales	0		0		0	0
Net sales: \| Non- Guarantors
Condensed Financial Statements, Captions [Line Items]
Total sales	97.8		91.7		201.5	190.3
Net sales: \| Consolidating Adjustments
Condensed Financial Statements, Captions [Line Items]
Total sales	0		0		0	0
Intercompany sales
Condensed Financial Statements, Captions [Line Items]
Total sales	0		0		0	0
Intercompany sales \| Consolidating Adjustments
Condensed Financial Statements, Captions [Line Items]
Total sales	(62.6)		(53.7)		(129.3)	(109.2)
Intercompany sales \| Consolidating Adjustments \| Parent
Condensed Financial Statements, Captions [Line Items]
Total sales	0		0		0	0
Intercompany sales \| Consolidating Adjustments \| Subsidiary Issuer
Condensed Financial Statements, Captions [Line Items]
Total sales	0		0		0	0
Intercompany sales \| Consolidating Adjustments \| Subsidiary Guarantor
Condensed Financial Statements, Captions [Line Items]
Total sales	12.6		12.5		26.3	24.5
Intercompany sales \| Consolidating Adjustments \| Non- Guarantors
Condensed Financial Statements, Captions [Line Items]
Total sales	$ 50		$ 41.2		$ 103	$ 84.7

Supplemental Guarantor Conden_5

Supplemental Guarantor Condensed Consolidating Financial Statements (Cash Flows) (Details) - USD ($) $ in Millions	6 Months Ended
	Feb. 28, 2019	Feb. 28, 2018
Condensed Financial Statements, Captions [Line Items]
Net cash provided by operating activities	$ 188.3	$ 177.6
Cash flows from investing activities:
Purchases of property, plant, and equipment	(24.9)	(20.9)
Other investing activities	2.9	0.7
Investments in subsidiaries		0
Acquisitions of business, net of cash acquired	0	(26.4)
Net cash used for investing activities	(22)	(46.6)
Cash flows from financing activities:
Borrowings on credit facility	86.5	0
Repayments of borrowings on credit facility	(86.5)	0
Repayments of long-term debt	(0.2)	(0.2)
Proceeds from stock option exercises and other	0.3	1.4
Repurchases of common stock	(48.7)	(194.3)
Withholding taxes on net settlement of equity awards	(4.3)	(6.7)
Intercompany Capital		0
Dividends paid	(10.5)	(10.9)
Net cash used for financing activities	(63.4)	(210.7)
Effect of exchange rates changes on cash	0	(1.6)
Net change in cash and cash equivalents	102.9	(81.3)
Cash and cash equivalents at beginning of period	129.1	311.1
Cash and cash equivalents at end of period	232	229.8
Parent
Condensed Financial Statements, Captions [Line Items]
Net cash provided by operating activities	133.8	141.1
Cash flows from investing activities:
Purchases of property, plant, and equipment	0	0
Other investing activities	0.8	0.7
Investments in subsidiaries		(26.4)
Acquisitions of business, net of cash acquired		0
Net cash used for investing activities	0.8	(25.7)
Cash flows from financing activities:
Borrowings on credit facility	0
Repayments of borrowings on credit facility	0
Repayments of long-term debt	0	0
Proceeds from stock option exercises and other	0.3	1.4
Repurchases of common stock	(48.7)	(194.3)
Withholding taxes on net settlement of equity awards	(4.3)	(6.7)
Intercompany Capital		0
Dividends paid	(10.5)	(10.9)
Net cash used for financing activities	(63.2)	(210.5)
Effect of exchange rates changes on cash	0.2	0
Net change in cash and cash equivalents	71.6	(95.1)
Cash and cash equivalents at beginning of period	80.5	237.7
Cash and cash equivalents at end of period	152.1	142.6
Subsidiary Issuer
Condensed Financial Statements, Captions [Line Items]
Net cash provided by operating activities	35.9	14.4
Cash flows from investing activities:
Purchases of property, plant, and equipment	(20.2)	(15.2)
Other investing activities	2.1	0
Investments in subsidiaries		0
Acquisitions of business, net of cash acquired		0
Net cash used for investing activities	(18.1)	(15.2)
Cash flows from financing activities:
Borrowings on credit facility	86.5
Repayments of borrowings on credit facility	(86.5)
Repayments of long-term debt	0	0
Proceeds from stock option exercises and other	0	0
Repurchases of common stock	0	0
Withholding taxes on net settlement of equity awards	0	0
Intercompany Capital		0
Dividends paid	0	0
Net cash used for financing activities	0	0
Effect of exchange rates changes on cash	0	0.8
Net change in cash and cash equivalents	17.8	0
Cash and cash equivalents at beginning of period	0	0
Cash and cash equivalents at end of period	17.8	0
Subsidiary Guarantor
Condensed Financial Statements, Captions [Line Items]
Net cash provided by operating activities	0	0
Cash flows from investing activities:
Purchases of property, plant, and equipment	0	0
Other investing activities	0	0
Investments in subsidiaries		0
Acquisitions of business, net of cash acquired		0
Net cash used for investing activities	0	0
Cash flows from financing activities:
Borrowings on credit facility	0
Repayments of borrowings on credit facility	0
Repayments of long-term debt	0	0
Proceeds from stock option exercises and other	0	0
Repurchases of common stock	0	0
Withholding taxes on net settlement of equity awards	0	0
Intercompany Capital		0
Dividends paid	0	0
Net cash used for financing activities	0	0
Effect of exchange rates changes on cash	0	0
Net change in cash and cash equivalents	0	0
Cash and cash equivalents at beginning of period	0	0
Cash and cash equivalents at end of period	0	0
Non- Guarantors
Condensed Financial Statements, Captions [Line Items]
Net cash provided by operating activities	18.6	22.1
Cash flows from investing activities:
Purchases of property, plant, and equipment	(4.7)	(5.7)
Other investing activities	0	0
Investments in subsidiaries		0
Acquisitions of business, net of cash acquired		(26.4)
Net cash used for investing activities	(4.7)	(32.1)
Cash flows from financing activities:
Borrowings on credit facility	0
Repayments of borrowings on credit facility	0
Repayments of long-term debt	(0.2)	(0.2)
Proceeds from stock option exercises and other	0	0
Repurchases of common stock	0	0
Withholding taxes on net settlement of equity awards	0	0
Intercompany Capital		26.4
Dividends paid	0	0
Net cash used for financing activities	(0.2)	26.2
Effect of exchange rates changes on cash	(0.2)	(2.4)
Net change in cash and cash equivalents	13.5	13.8
Cash and cash equivalents at beginning of period	48.6	73.4
Cash and cash equivalents at end of period	62.1	87.2
Consolidating Adjustments
Condensed Financial Statements, Captions [Line Items]
Net cash provided by operating activities	0	0
Cash flows from investing activities:
Purchases of property, plant, and equipment	0	0
Other investing activities	0	0
Investments in subsidiaries		26.4
Acquisitions of business, net of cash acquired		0
Net cash used for investing activities	0	26.4
Cash flows from financing activities:
Borrowings on credit facility	0
Repayments of borrowings on credit facility	0
Repayments of long-term debt	0	0
Proceeds from stock option exercises and other	0	0
Repurchases of common stock	0	0
Withholding taxes on net settlement of equity awards	0	0
Intercompany Capital		(26.4)
Dividends paid	0	0
Net cash used for financing activities	0	(26.4)
Effect of exchange rates changes on cash	0	0
Net change in cash and cash equivalents	0	0
Cash and cash equivalents at beginning of period	0	0
Cash and cash equivalents at end of period	$ 0	$ 0