The Greenbrier Companies, Inc. (GBX) 10-Q 5 Apr 24 2024 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Feb. 29, 2024	Apr. 01, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Feb. 29, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Entity Registrant Name	THE GREENBRIER COMPANIES, INC.
Trading Symbol	GBX
Security Exchange Name	NYSE
Entity Central Index Key	0000923120
Current Fiscal Year End Date	--08-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Title of 12(b) Security	Common Stock
Entity Common Stock, Shares Outstanding		31,130,943
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	1-13146
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Entity Incorporation, State or Country Code	OR
Entity Tax Identification Number	93-0816972
Entity Address, Address Line One	One Centerpointe Drive
Entity Address, Address Line Two	Suite 200
Entity Address, City or Town	Lake Oswego
Entity Address, State or Province	OR
Entity Address, Postal Zip Code	97035
City Area Code	503
Local Phone Number	684-7000

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Feb. 29, 2024	Aug. 31, 2023
Assets
Cash and cash equivalents	$ 252	$ 281.7
Restricted cash	20	21
Accounts receivable, net	519.1	529.9
Income tax receivable	20.9	42.2
Inventories	827	823.6
Leased railcars for syndication	134.4	187.4
Equipment on operating leases, net	1,160.5	1,000
Property, plant and equipment, net	636.1	619.2
Investment in unconsolidated affiliates	90	88.7
Intangibles and other assets, net	255.6	255.8
Goodwill	128	128.9
Total assets	4,043.6	3,978.4
Liabilities and Equity
Revolving notes	300.8	297.1
Accounts payable and accrued liabilities	649.3	743.5
Deferred income taxes	79.7	114.1
Deferred revenue	81.5	46.2
Notes payable, net	1,421.8	1,311.7
Commitments and contingencies (Note 14)
Contingently redeemable noncontrolling interest	56	55.6
Greenbrier
Preferred stock - without par value; 25,000 shares authorized; none outstanding
Common stock - without par value; 50,000 shares authorized; 31,131 and 30,880 shares outstanding at February 29, 2024 and August 31, 2023
Additional paid-in capital	366.1	364.4
Retained earnings	942.7	897.5
Accumulated other comprehensive loss	(8.9)	(7.3)
Total equity – Greenbrier	1,299.9	1,254.6
Noncontrolling interest	154.6	155.6
Total equity	1,454.5	1,410.2
Liabilities and Equity	$ 4,043.6	$ 3,978.4

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Feb. 29, 2024	Aug. 31, 2023
Statement of Financial Position [Abstract]
Preferred stock, without par value
Preferred stock, shares authorized	25,000,000	25,000,000
Preferred stock, outstanding	0	0
Common stock, without par value
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares outstanding	31,131,000	30,880,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($) shares in Thousands, $ in Millions		3 Months Ended		6 Months Ended
		Feb. 29, 2024	Feb. 28, 2023	Feb. 29, 2024	Feb. 28, 2023
Revenue
Revenue		$ 862.7	$ 1,122	$ 1,671.5	$ 1,888.5
Cost of revenue
Cost of revenue		740.5	1,005.2	1,428	1,702.2
Margin		122.2	116.8	243.5	186.3
Selling and administrative expense		63.6	59	119.9	112.4
Net gain on disposition of equipment		(4.9)	(9.6)	(4.8)	(12.9)
Impairment of long-lived assets					24.2
Earnings from operations		63.5	67.4	128.4	62.6
Other costs
Interest and foreign exchange		24.6	21.6	47.8	41.2
Earnings before income tax and earnings from unconsolidated affiliates		38.9	45.8	80.6	21.4
Income tax expense		(9.3)	(11.9)	(19.3)	(8.1)
Earnings before earnings from unconsolidated affiliates		29.6	33.9	61.3	13.3
Earnings from unconsolidated affiliates		4	2.9	5.5	6.2
Net earnings		33.6	36.8	66.8	19.5
Net earnings attributable to noncontrolling interest		(0.2)	(3.7)	(2.2)	(3.1)
Net earnings attributable to Greenbrier		$ 33.4	$ 33.1	$ 64.6	$ 16.4
Basic earnings per common share		$ 1.08	$ 1.01	$ 2.08	$ 0.5
Diluted earnings per common share	[1]	$ 1.03	$ 0.97	$ 1.99	$ 0.49
Weighted average common shares:
Basic		31,117	32,588	31,071	32,654
Diluted		32,570	34,400	32,676	33,654
Manufacturing
Revenue
Revenue		$ 735.8	$ 968.6	$ 1,411.7	$ 1,615.1
Cost of revenue
Cost of revenue		656.2	901.2	1,257.1	1,505.7
Maintenance Services
Revenue
Revenue		75.2	98	159	183.5
Cost of revenue
Cost of revenue		69.2	89.6	140.8	169.2
Leasing & Management Services
Revenue
Revenue		51.7	55.4	100.8	89.9
Cost of revenue
Cost of revenue		$ 15.1	$ 14.4	$ 30.1	$ 27.3
[1] Diluted earnings per share was calculated as follows: Earnings before interest and debt issuance costs on the 2.875 % convertible notes due 2024 Weighted average diluted common shares outstanding

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Feb. 29, 2024	Feb. 28, 2023	Feb. 29, 2024	Feb. 28, 2023
Statement of Comprehensive Income [Abstract]
Net earnings		$ 33.6	$ 36.8	$ 66.8	$ 19.5
Other comprehensive income (loss)
Translation adjustment		(1.8)	5.4	(1.8)	10.9
Reclassification of derivative financial instruments recognized in net earnings	[1]	(4)	(1.6)	(7.5)	(2.1)
Unrealized gain on derivative financial instruments	[2]	2.8	6.1	7.1	15
Other (net of tax effect)		0.5	0.1	0.6	0.1
Other comprehensive income		(2.5)	10	(1.6)	23.9
Comprehensive income		31.1	46.8	65.2	43.4
Comprehensive income attributable to noncontrolling interest		(0.2)	(3.7)	(2.2)	(3.1)
Comprehensive income attributable to Greenbrier		$ 30.9	$ 43.1	$ 63	$ 40.3
[1] Net of tax effect of $ 1.0 million and $ 0.7 million for the three months ended February 29, 2024 and February 28, 2023, respectively, and $ 1.9 million and $ 1.0 million for the six months ended February 29, 2024 and February 28, 2023, respectively Net of tax effect of $( 0.8 million) and $( 3.8 million) for the three months ended February 29, 2024 and February 28, 2023, respectively, and $( 1.8 million) and $( 6.8 million) for the six months ended February 29, 2024 and February 28, 2023, respectively.

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 29, 2024	Feb. 28, 2023
Statement of Comprehensive Income [Abstract]
Reclassification of derivative financial instruments recognized in net earnings (loss), tax	$ 1	$ 0.7	$ 1.9	$ 1
Unrealized gain (loss) on derivative financial instruments, tax	$ (0.8)	$ (3.8)	$ (1.8)	$ (6.8)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Equity - USD ($) $ in Millions	Total	Common Stock Shares	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Total Equity - Greenbrier	Noncontrolling Interest	Equity Excluding Contingently Redeemable Noncontrolling Interest	Contingently Redeemable Noncontrolling Interest
Beginning balance at Aug. 31, 2022			$ 424.8	$ 897.7	$ (45.6)	$ 1,276.9	$ 152.2	$ 1,429.1
Beginning balance (in shares) at Aug. 31, 2022		32,600,000
Beginning balance at Aug. 31, 2022									$ 27.7
Net earnings	$ 19.5			16.4		16.4	3.3	19.7	(0.2)
Other comprehensive income (loss), net	23.9				23.9	23.9		23.9
Noncontrolling interest adjustments			(7.9)			(7.9)	(2)	(9.9)
Restricted stock awards (net of cancellations) (in shares)		200,000
Unamortized restricted stock			(11.4)			(11.4)		(11.4)
Stock based compensation expense			5.9			5.9		5.9
Restricted stock awards (net of cancellations)			9			9		9
Repurchase of stock	$ (17.4)		(17.4)			(17.4)		(17.4)
Repurchase of stock (in shares)	(575,000)	(500,000)
Joint venture partner distribution declared							(8.9)	(8.9)
Cash dividends				(18.1)		(18.1)		(18.1)
Ending balance at Feb. 28, 2023			403	896	(21.7)	1,277.3	144.6	1,421.9
Ending Balance (in shares) at Feb. 28, 2023		32,300,000
Ending Balance at Feb. 28, 2023									27.5
Beginning balance at Nov. 30, 2022			425.6	871.9	(31.7)	1,265.8	152.1	1,417.9
Beginning balance (in shares) at Nov. 30, 2022		32,800,000
Beginning balance at Nov. 30, 2022									27.7
Net earnings	$ 36.8			33.1		33.1	3.9	37	(0.2)
Other comprehensive income (loss), net	10				10	10		10
Noncontrolling interest adjustments			(7.9)			(7.9)	(7.5)	(15.4)
Unamortized restricted stock			(0.5)			(0.5)		(0.5)
Stock based compensation expense			2.7			2.7		2.7
Restricted stock awards (net of cancellations)			0.5			0.5		0.5
Repurchase of stock	$ (17.4)		(17.4)			(17.4)		(17.4)
Repurchase of stock (in shares)	(575,000)	(500,000)
Joint venture partner distribution declared							(3.9)	(3.9)
Cash dividends				(9)		(9)		(9)
Ending balance at Feb. 28, 2023			403	896	(21.7)	1,277.3	144.6	1,421.9
Ending Balance (in shares) at Feb. 28, 2023		32,300,000
Ending Balance at Feb. 28, 2023									27.5
Beginning balance at Aug. 31, 2023	$ 1,410.2		364.4	897.5	(7.3)	1,254.6	155.6	1,410.2
Beginning balance (in shares) at Aug. 31, 2023	30,880,000	30,900,000
Beginning balance at Aug. 31, 2023									55.6
Net earnings	$ 66.8			64.6		64.6	1.8	66.4	0.4
Other comprehensive income (loss), net	(1.6)				(1.6)	(1.6)		(1.6)
Noncontrolling interest adjustments							1.6	1.6
Restricted stock awards (net of cancellations) (in shares)		200,000
Unamortized restricted stock			(19.2)			(19.2)		(19.2)
Stock based compensation expense			8.1			8.1		8.1
Restricted stock awards (net of cancellations)			14.1			14.1		14.1
Repurchase of stock	$ (1.3)		(1.3)			(1.3)		(1.3)
Repurchase of stock (in shares)	(38,000)
Joint venture partner distribution declared							(4.4)	(4.4)
Cash dividends				(19.4)		(19.4)		(19.4)
Ending balance at Feb. 29, 2024	$ 1,454.5		366.1	942.7	(8.9)	1,299.9	154.6	1,454.5
Ending Balance (in shares) at Feb. 29, 2024	31,131,000	31,100,000
Ending Balance at Feb. 29, 2024									56
Beginning balance at Nov. 30, 2023			361.3	919.1	(6.4)	1,274	157.1	1,431.1
Beginning balance (in shares) at Nov. 30, 2023		31,100,000
Beginning balance at Nov. 30, 2023									56.5
Net earnings	$ 33.6			33.4		33.4	0.7	34.1	(0.5)
Other comprehensive income (loss), net	$ (2.5)				(2.5)	(2.5)		(2.5)
Noncontrolling interest adjustments							1.2	1.2
Restricted stock awards (net of cancellations) (in shares)		0
Unamortized restricted stock			(3.6)			(3.6)		(3.6)
Stock based compensation expense			4.7			4.7		4.7
Restricted stock awards (net of cancellations)			3.7			3.7		3.7
Repurchase of stock (in shares)	0
Joint venture partner distribution declared							(4.4)	(4.4)
Cash dividends				(9.8)		(9.8)		(9.8)
Ending balance at Feb. 29, 2024	$ 1,454.5		$ 366.1	$ 942.7	$ (8.9)	$ 1,299.9	$ 154.6	$ 1,454.5
Ending Balance (in shares) at Feb. 29, 2024	31,131,000	31,100,000
Ending Balance at Feb. 29, 2024									$ 56

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Equity (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 29, 2024	Feb. 28, 2023
Equity Excluding Contingently Redeemable Noncontrolling Interest
Cash dividend per share	$ 0.30	$ 0.27	$ 0.60	$ 0.54

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Feb. 29, 2024	Feb. 28, 2023
Cash flows from operating activities
Net earnings	$ 66.8	$ 19.5
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:
Deferred income taxes	(35.5)	(33.9)
Depreciation and amortization	54.3	52.9
Net gain on disposition of equipment	(4.8)	(12.9)
Stock based compensation expense	8.1	5.9
Impairment of long-lived assets		24.2
Noncontrolling interest adjustments	1.6	2.3
Other	2	1.9
Decrease (increase) in assets:
Accounts receivable, net	12.2	(57.8)
Income tax receivable	21.3	17.4
Inventories	(8.4)	(90.4)
Leased railcars for syndication	(6.7)	(40.1)
Other assets	2.5	(12.8)
Increase (decrease) in liabilities:
Accounts payable and accrued liabilities	(93.8)	(9.7)
Deferred revenue	34.8	37.1
Net cash provided by (used in) operating activities	54.4	(96.4)
Cash flows from investing activities
Proceeds from sales of assets	25.9	62.1
Capital expenditures	(190.5)	(169.7)
Investments in and advances to / repayments from unconsolidated affiliates		(3.5)
Cash distribution from unconsolidated affiliates and other	1.5	5.9
Net cash used in investing activities	(163.1)	(105.2)
Cash flows from financing activities
Net change in revolving notes with maturities of 90 days or less	28.5	(64.4)
Proceeds from revolving notes with maturities longer than 90 days	114.5	220
Repayments of revolving notes with maturities longer than 90 days	(140.2)	(145)
Proceeds from issuance of notes payable	178.6	75
Repayments of notes payable	(68.2)	(18.2)
Debt issuance costs	(2.9)	(0.2)
Repurchase of stock	(1.3)	(16.7)
Dividends	(19.7)	(18.1)
Cash distribution to joint venture partner	(4.4)	(6.4)
Tax payments for net share settlement of restricted stock	(5.2)	(2.3)
Net cash provided by financing activities	79.7	23.7
Effect of exchange rate changes	(1.7)	18.4
Decrease in Cash and cash equivalents and Restricted cash	(30.7)	(159.5)
Cash and cash equivalents and restricted cash
Cash and cash equivalents and restricted cash, Beginning balance	302.7	559.1
Cash and cash equivalents and restricted cash, Ending balance	272	399.6
Balance sheet reconciliation
Cash and cash equivalents	252	379.9
Restricted cash	20	19.7
Total cash and cash equivalents and restricted cash as presented above	272	399.6
Cash paid during the period for
Interest	42.5	31.3
Income taxes paid, net	31.7	19.5
Non-cash activity
Transfers between Leased railcars for syndication and Inventories and Equipment on operating leases, net	64.8	39.7
Capital expenditures accrued in Accounts payable and accrued liabilities	13	4.4
Change in Accounts payable and accrued liabilities associated with dividends declared	$ 0.3	0.1
Change in Accounts payable and accrued liabilities associated with cash distributions to joint venture partner		2.5
Repurchase of stock accrued in Accounts payable and accrued liabilities		$ 0.7

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 29, 2024	Feb. 28, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 33.4	$ 33.1	$ 64.6	$ 16.4

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Feb. 29, 2024 shares
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	During the three months ended February 29, 2024 t he following officer, as defined in Rule 16a-1(f) of the Exchange Act, adopted a “ Rule 10b5-1 trading arrangement,” as defined in Item 408 of Regulation S-K, as follows: On January 22, 2024 , Brian Comstock , Executive Vice President and President , The Americas, adopted a Rule 10b5-1 trading arrangement providing for the sale of an aggregate of up to 10,000 shares of our common stock acquired by Mr. Comstock pursuant to our Stock Incentive Plan. The trading arrangement is intended to satisfy the affirmative defense in Rule 10b5-1(c). The first date that sales of any shares are permitted to be sold under the trading arrangement will be April 27, 2024, and subsequent sales under the trading arrangement may occur on a regular basis for the duration of the trading arrangement until January 15, 2026 , or earlier if all transactions under the trading arrangement are completed.
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Officer
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	February 29, 2024
Brian Comstock
Trading Arrangements, by Individual
Name	Brian Comstock
Title	Executive Vice President and President
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	January 22, 2024
Termination Date	January 15, 2026
Aggregate Available	10,000

Interim Financial Statements

Interim Financial Statements	6 Months Ended
	Feb. 29, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Interim Financial Statements	Note 1 – Interim Financial Statements The Condensed Consolidated Financial Statements of The Greenbrier Companies, Inc. and its subsidiaries (Greenbrier or the Company) as of February 29, 2024 and for the three and six months ended February 29, 2024 and February 28, 2023 have been prepared to reflect all adjustments (consisting of normal recurring accruals) that, in the opinion of management, are necessary for a fair presentation of the financial position, operating results and cash flows for the periods indicated. All references to years refer to the fiscal years ended August 31st unless otherwise noted. The results of operations for the three and six months ended February 29, 2024 are not necessarily indicative of the results to be expected for the entire year ending August 31, 2024. Certain notes and other information have been condensed or omitted from the interim financial statements presented in this Quarterly Report on Form 10-Q. Therefore, these unaudited financial statements should be read in conjunction with the Consolidated Financial Statements contained in the Company’s Annual Report on Form 10-K for the year ended August 31, 2023. Management Estimates – The preparation of financial statements in conformity with accounting principles generally accepted in the U.S. (GAAP) requires judgment on the part of management to arrive at estimates and assumptions on matters that are inherently uncertain. These estimates may affect the amount of assets, liabilities, revenue and expenses reported in the financial statements and accompanying notes and disclosure of contingent assets and liabilities within the financial statements. Estimates and assumptions are periodically evaluated and may be adjusted in future periods. Actual results could differ from those estimates. Share Repurchase Program – The Board of Directors has authorized the Company to repurchase in aggregate up to $ 100.0 million of the Company’s common stock. The program may be modified, suspended, or discontinued at any time without prior notice and currently has an expiration date of January 31, 2025 . Under the share repurchase program, shares of common stock may be purchased from time to time on the open market or through privately negotiated transactions. The timing and amount of purchases is based upon market conditions, securities law limitations and other factors. During the six months ended February 29, 2024 , the Company purchased a total of 38 thousand shares for $ 1.3 million. There were no share repurchases during the three months ended February 29, 2024. As of February 29, 2024 , the amount remaining for repurchase under the share repurchase program was $ 45.1 million. During the three and six months ended February 28, 2023, the Company purchased a total of 575 thousand shares for $ 17.4 million. Reclassifications - Certain immaterial reclassifications have been made to the accompanying prior year Condensed Consolidated Financial Statements to conform to the current year presentation. Recent Accounting Pronouncements Improvements to Reportable Segment Disclosures In November 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update (ASU) 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures (ASU 2023-07), which requires disclosure of incremental segment information on an annual and interim basis, primarily through enhanced disclosures of significant segment expenses. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024 and requires retrospective application to all periods presented upon adoption. Early adoption is permitted. The Company is currently evaluating the impact that ASU 2023-07 will have on its consolidated financial statements and disclosures. Improvements to Income Tax Disclosures In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (ASU 2023-09), which requires disclosure of incremental income tax information within the rate reconciliation and expanded disclosures of income taxes paid, among other disclosure requirements. ASU 2023-09 is effective for fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company is currently evaluating the impact that ASU 2023-09 will have on its consolidated financial statements and disclosures.

Revenue Recognition

Revenue Recognition	6 Months Ended
	Feb. 29, 2024
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Note 2 – Revenue Recognition Contract balances Contract assets primarily consist of work completed for railcar maintenance but not billed at the reporting date. Contract liabilities primarily consist of customer prepayments for new railcars and other management-type services, for which the Company has not yet satisfied the related performance obligations. The contract balances are as follows: (in millions) Balance sheet classification February 29, August 31, $ Contract assets Accounts Receivable $ 0.7 $ 0.1 $ 0.6 Contract assets Inventories $ 10.3 $ 7.0 $ 3.3 Contract liabilities (1) Deferred revenue $ 77.7 $ 43.3 $ 34.4 (1) Contract liabilities balance includes deferred revenue within the scope of Revenue from Contracts with Customers (Topic 606). For the three and six months ended February 29, 2024 , the Company recognized $ 6.8 million and $ 13.4 million of revenue that was included in Contract liabilities as of August 31, 2023. Performance obligations As of February 29, 2024 , the Company has entered into contracts with customers for which revenue has not yet been recognized. The following table outlines estimated revenue related to performance obligations wholly or partially unsatisfied, that the Company anticipates will be recognized in future periods. (in millions) February 29, Revenue type: Manufacturing – Railcar sales $ 2,725.8 Manufacturing – Sustainable conversions $ 52.6 Management services $ 133.4 Other $ 13.0 Based on current production and delivery schedules and existing contracts, approximately $ 1.1 billion of Railcar sales are expected to be recognized in the remainder of 2024 while the remaining amount is expected to be recognized through 2026. Sustainable conversions represent orders to modernize existing railcars and are expected to be recognized in 2024. Management services includes management and maintenance se rvice contracts of which approximately 55 % are expected to be performed through 2028 and the remaining amount through 2037.

Inventories

Inventories	6 Months Ended
	Feb. 29, 2024
Inventory Disclosure [Abstract]
Inventories	Note 3 – Inventories The following table summarizes the Company’s Inventories balance: (in millions) February 29, August 31, Manufacturing supplies and raw materials $ 600.1 $ 638.2 Work-in-process 133.1 138.2 Finished goods 99.7 64.4 Excess and obsolete adjustment ( 5.9 ) ( 17.2 ) $ 827.0 $ 823.6

Intangibles and Other Assets, n

Intangibles and Other Assets, net	6 Months Ended
	Feb. 29, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Intangibles and Other Assets, net	Note 4 – Intangibles and Other Assets, net The following table summarizes the Company’s identifiable Intangibles and other assets, net balance: (in millions) February 29, August 31, Intangible assets subject to amortization: Customer relationships $ 87.5 $ 87.5 Accumulated amortization ( 70.6 ) ( 69.1 ) Other intangibles 41.8 43.0 Accumulated amortization ( 23.8 ) ( 22.3 ) 34.9 39.1 Intangible assets not subject to amortization 2.3 2.3 Prepaid and other assets 50.5 56.4 Operating lease right-of-use assets 70.7 70.6 Nonqualified savings plan investments 56.4 47.7 Debt issuance costs, net 6.4 6.3 Assets held for sale 0.3 0.3 Deferred tax assets 34.1 33.1 $ 255.6 $ 255.8

Revolving Notes

Revolving Notes	6 Months Ended
	Feb. 29, 2024
Debt Disclosure [Abstract]
Revolving Notes	Note 5 – Revolving Notes Senior secured credit facilities aggregated to $ 1.4 billion as of February 29, 2024. The Company had an aggregate of $ 329.3 million available to draw down under credit facilities as of February 29, 2024 . This amount consists of $ 214.6 million available on the North American credit facility, $ 43.7 million on the European credit facilities and $ 71.0 million on the Mexican credit facilities. Nonrecourse credit facilities GBX Leasing – As of February 29, 2024 , a $ 550.0 million nonrecourse warehouse credit facility existed to support the operations of GBX Leasing. Advances under this facility bear interest at the Secured Overnight Financing Rate (SOFR) plus 1.85 % plus 0.11 % as a SOFR adjustment. Interest rate swap agreements cover approximately 99 % of the outstanding balance to swap the floating interest rate to a fixed rate. The warehouse credit facility converts to a term loan in August 2025 and matures in August 2027 . Other credit facilities North America – As of February 29, 2024 , a $ 600.0 million revolving line of credit, maturing August 2026 , secured by substantially all the Company’s U.S. assets not otherwise pledged as security for term loans or the warehouse credit facility, existed to provide working capital and interim financing of equipment, principally for the Company’s U.S. and Mexican operations. Advances under this North American credit facility bear interest at SOFR plus 1.75 % plus 0.10 % as a SOFR adjustment or Prime plus 0.75 % depending on the type of borrowing. Available borrowings under the credit facility are generally based on defined levels of eligible inventory, receivables, property, plant and equipment and leased equipment, as well as total debt to consolidated capitalization and fixed charges coverage ratios. Europe – As of February 29, 2024 , lines of credit totaling $ 75.3 million secured by certain of the Company’s European assets, with variable rates that range from Warsaw Interbank Offered Rate (WIBOR) plus 1.2 % to WIBOR plus 1.6 % and Euro Interbank Offered Rate (EURIBOR) plus 1.9 %, were available for working capital needs of the Company’s European manufacturing operations. The European lines of credit in clude $ 32.5 million which is guaranteed by the Company. Euro pean credit facilities are regularly renewed. Currently, these European credit facilities have maturities that range from June 2024 through November 2025 . Mexico – As of February 29, 2024 , the Company’s Mexican railcar manufacturing operations had lines of credit totaling $ 196.0 million for working capital needs, $ 96.0 million of which the Company and its joint venture partner have each guaranteed 50 %. Advances under these facilities bear interest at variable rates that range from SOFR plus 2.22 % to SOFR plus 4.25 %. The Mexican credit facilities have maturities that range from June 2024 through January 2027 . Revolving notes consisted of the following balances: (in millions) February 29, August 31, Nonrecourse credit facility balances GBX Leasing $ 89.2 $ 139.9 Other credit facility balances North America 55.0 — Europe 31.6 47.2 Mexico 125.0 110.0 Total Revolving notes $ 300.8 $ 297.1 Outstanding commitments under the North American credit facility included letters of credit which totaled $ 7.1 million and $ 4.9 million as of February 29, 2024 and August 31, 2023 , respectively.

Accounts Payable and Accrued Li

Accounts Payable and Accrued Liabilities	6 Months Ended
	Feb. 29, 2024
Payables and Accruals [Abstract]
Accounts Payable and Accrued Liabilities	Note 6 – Accounts Payable and Accrued Liabilities (in millions) February 29, August 31, Trade payables $ 303.4 $ 396.8 Accrued payroll and related liabilities 147.9 158.6 Accrued liabilities and other 97.1 87.3 Operating lease liabilities 71.9 72.2 Accrued warranty 23.0 25.6 Income taxes payable 6.0 3.0 $ 649.3 $ 743.5

Warranty Accruals

Warranty Accruals	6 Months Ended
	Feb. 29, 2024
Guarantees and Product Warranties [Abstract]
Warranty Accruals	Note 7 – Warranty Accruals Warranty accruals are included in Accounts payable and accrued liabilities on the Condensed Consolidated Balance Sheets. Warranty accrual activity consisted of the following: Three Months Ended Six Months Ended (in millions) February 29, February 28, February 29, February 28, Balance at beginning of period $ 24.0 $ 23.7 $ 25.6 $ 24.0 Charged to cost of revenue, net 1.1 1.7 4.7 2.9 Payments ( 2.1 ) ( 1.0 ) ( 7.7 ) ( 2.6 ) Currency translation effect — 0.1 0.4 0.2 Balance at end of period $ 23.0 $ 24.5 $ 23.0 $ 24.5

Notes Payable, net

Notes Payable, net	6 Months Ended
	Feb. 29, 2024
Debt Disclosure [Abstract]
Notes Payable, net	Note 8 – Notes Payable, net (In millions) February 29, August 31, Leasing nonrecourse term loans $ 806.0 $ 640.2 Senior term debt 259.0 266.4 2.875 % Convertible senior notes, due 2028 373.8 373.8 2.875 % Convertible senior notes, due 2024 — 47.7 Other notes payable 1.6 1.8 $ 1,440.4 $ 1,329.9 Debt discount and issuance costs ( 18.6 ) ( 18.2 ) $ 1,421.8 $ 1,311.7 Leasing nonrecourse term loans include: • $ 343.0 million of nonrecourse senior term debt, which is secured by a pool of leased railcars. The principal balance as of February 29, 2024 was $ 326.6 million. • $ 501.8 million of Asset-backed term notes, as discussed below. The principal balance as of February 29, 2024 was $ 479.4 million. The Company's 2.875 % Convertible senior notes, due 2024 (2024 Convertible Notes), matured on February 1, 2024 . The outstanding principal balance of $ 47.7 million plus accrued interest was settled in cash on the maturity date to retire the 2024 Convertible Notes. Terms and conditions, including recourse and nonrecourse provisions and scheduled maturities, and other long-term debt are described in Note 13 of our 2023 Annual Report on Form 10-K. Asset-backed term notes GBX Leasing 2022-1 LLC (GBXL I) was formed as a wholly owned special purpose entity of GBX Leasing to securitize the leasing assets of GBX Leasing. On November 20, 2023, GBXL I (Issuer) issued $ 178.5 million of term notes secured by a portfolio of railcars and associated operating leases and other assets, acquired and owned by GBXL I (the 2023 GBXL Notes). Issued debt of GBXL I as of February 29, 2024 includes the $ 323.3 million GBXL I Series 2022-1 Notes, as described in Note 3 of our 2023 Annual Report on Form 10-K, and the 2023 GBXL Notes, collectively the GBXL Notes. GBX Leasing used the net proceeds received from the issuance of the term notes to pay down the GBX Leasing warehouse credit facility. The 2023 GBXL Notes include $ 158.9 million of GBXL I Series 2023-1 Class A Secured Railcar Equipment Notes (2023 Class A Notes) and $ 19.6 million of GBXL I Series 2023-1 Class B Secured Railcar Equipment Notes (2023 Class B Notes). The 2023 GBXL Notes bear interest at fixed rates of 6.42 % and 7.28 % for the 2023 Class A Notes and 2023 Class B Notes, respectively. The 2023 GBXL Notes are payable monthly and have a legal maturity date of November 20, 2053 . The Company incurred $ 2.2 million in debt issuance costs, which will be amortized to interest expense through the expected repayment period. Both 2023 Class A and Class B Notes have an anticipated repayment date of November 20, 2030 and a legal maturity date. While the legal maturity date is in 2053 , the cash flows generated from the railcar assets will pay down the 2023 GBXL Notes in line with the agreement, which based on expected cash flow payments, would result in repayment in advance of the legal maturity date. If the principal amount of the 2023 GBXL Notes has not been repaid in full by the anticipated repayment date, then the Issuer will also be required to pay additional interest to the holders at a rate equal to 4.00 % per annum. The GBXL Notes are obligations of the Issuer only and are nonrecourse to Greenbrier. The GBXL Notes are subject to a Master Indenture between the Issuer and U.S. Bank Trust Company, National Association, as trustee, as supplemented by the Series 2022-1 Supplement dated February 9, 2022 and the Series 2023-1 Supplement dated November 20, 2023. The GBXL Notes may be subject to acceleration upon the occurrence of certain events of default. The following table summarizes the Issuer's net carrying amount of the debt and related assets. (in millions) February 29, August 31, Assets Restricted cash $ 7.4 $ 6.7 Equipment on operating leases, net $ 645.2 $ 388.9 Liabilities Notes payable, net $ 472.0 $ 302.1

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	6 Months Ended
	Feb. 29, 2024
Equity [Abstract]
Accumulated Other Comprehensive Loss	Note 9 – Accumulated Other Comprehensive Loss Accumulated other comprehensive loss, net of tax effect as appropriate, consisted of the following: (in millions) Unrealized Foreign Other Accumulated Balance, August 31, 2023 $ 27.0 $ ( 32.1 ) $ ( 2.2 ) $ ( 7.3 ) Other comprehensive gain before reclassifications 7.1 ( 1.8 ) 0.6 5.9 Amounts reclassified from Accumulated other ( 7.5 ) — — ( 7.5 ) Balance, February 29, 2024 $ 26.6 $ ( 33.9 ) $ ( 1.6 ) $ ( 8.9 ) The amounts reclassified out of Accumulated other comprehensive loss into the Condensed Consolidated Statements of Income, with financial statement caption, were as follows: Three Months Ended (in millions) February 29, February 28, Financial Statement Caption (Gain) loss on derivative financial instruments: Foreign exchange contracts $ ( 0.8 ) $ 0.1 Revenue and Cost of revenue Interest rate swap contracts ( 4.2 ) ( 2.4 ) Interest and foreign exchange ( 5.0 ) ( 2.3 ) 1.0 0.7 Income tax expense $ ( 4.0 ) $ ( 1.6 ) Six Months Ended (in millions) February 29, February 28, Financial Statement Caption (Gain) loss on derivative financial instruments: Foreign exchange contracts $ ( 0.9 ) $ 0.3 Revenue and Cost of revenue Interest rate swap contracts ( 8.5 ) ( 3.4 ) Interest and foreign exchange ( 9.4 ) ( 3.1 ) 1.9 1.0 Income tax expense $ ( 7.5 ) $ ( 2.1 )

Earnings Per Share

Earnings Per Share	6 Months Ended
	Feb. 29, 2024
Earnings Per Share [Abstract]
Earnings Per Share	Note 10 – Earnings Per Share The shares used in the computation of basic and diluted earnings per common share are reconciled as follows: Three Months Ended Six Months Ended (In thousands) February 29, February 28, February 29, February 28, Weighted average basic common shares outstanding 31,117 32,588 31,071 32,654 Dilutive effect of 2.875 % convertible notes due 2024 (1) 563 821 694 — Dilutive effect of 2.875 % convertible notes due 2028 (2) — — — — Dilutive effect of restricted stock units (3) 890 991 911 1,000 Weighted average diluted common shares outstanding 32,570 34,400 32,676 33,654 (1) The dilutive effect of the 2.875 % Convertible notes due 2024 was excluded for the six months ended February 28, 2023 as they were considered anti-dilutive under the “if converted” method as further discussed below. These notes were retired on February 1, 2024. (2) The dilutive effect of the 2.875 % Convertible notes due 2028 was excluded for the three and six months ended February 29, 2024 and February 28, 2023 as the average stock price was less than the applicable conversion price and therefore was considered anti-dilutive. As these notes require cash settlement for the principal, only a premium is potentially dilutive under the "if converted" method as further discussed below. (3) Restricted stock units and restricted stock units subject to performance criteria, for which actual levels of performance above target have been achieved, are included in weighted average diluted common shares outstanding when the Company is in a net earnings position . Basic earnings per common share (EPS) is computed by dividing Net earnings attributable to Greenbrier by weighted average basic common shares outstanding. For the three and six months ended February 29, 2024 and February 28, 2023 , diluted EPS was calculated using the more dilutive of two methods. The first method includes the dilutive effect, using the treasury stock method, associated with restricted stock units and performance based restricted stock units subject to performance criteria, for which actual levels of performance above target have been achieved. The second method supplements the first by also including the “if converted” effect of the 2.875 % Convertible notes due 2024 during the periods in which they were outstanding and shares underlying the 2.875 % Convertible notes due 2028, when there is a conversion premium. Under the “if converted” method, debt issuance and interest costs, both net of tax, associated with the convertible notes due 2024 are added back to net earnings and the share count is increased by the shares underlying the convertible notes. Three Months Ended Six Months Ended (in millions, except number of shares which are reflected in thousands, and per share amounts) February 29, February 28, February 29, February 28, Net earnings attributable to Greenbrier $ 33.4 $ 33.1 $ 64.6 $ 16.4 Weighted average basic common shares outstanding 31,117 32,588 31,071 32,654 Basic earnings per share $ 1.08 $ 1.01 $ 2.08 $ 0.50 Net earnings attributable to Greenbrier $ 33.4 $ 33.1 $ 64.6 $ 16.4 Add back: Interest and debt issuance costs on the 2.875 % 0.2 0.3 0.5 n/a Earnings before interest and debt issuance costs 2.875 % convertible notes due 2024 $ 33.6 $ 33.4 $ 65.1 n/a Weighted average diluted common shares outstanding 32,570 34,400 32,676 33,654 Diluted earnings per share $ 1.03 (1) $ 0.97 (1) $ 1.99 (1) $ 0.49 (1) Diluted earnings per share was calculated as follows: Earnings before interest and debt issuance costs on the 2.875 % convertible notes due 2024 Weighted average diluted common shares outstanding

Derivative Instruments

Derivative Instruments	6 Months Ended
	Feb. 29, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Note 11 – Derivative Instruments Foreign operations give rise to market risks from changes in foreign currency exchange rates. Foreign currency forward exchange contracts with established financial institutions are utilized to hedge a portion of that risk. Interest rate swap agreements are used to reduce the impact of changes in interest rates on certain current and probable future debt. The Company’s foreign currency forward exchange contracts and interest rate swap agreements are designated as cash flow hedges, and therefore the effective portion of unrealized gains and losses is recorded in Accumulated other comprehensive income. At February 29, 2024 exchange rates, notional amounts of forward exchange contracts for the purchase of Polish Zlotys and the sale of Euros; and the purchase of Mexican Pesos and the sale of U.S. Dollars aggregated to $ 110.9 million. The fair value of the contracts is included on the Condensed Consolidated Balance Sheets as Accounts payable and accrued liabilities when in a loss position, or as Accounts receivable, net when in a gain position. As the contracts mature at various dates through April 2026, any such gain or loss remaining will be recognized in manufacturing revenue or cost of revenue along with the related transactions. In the event that the underlying transaction does not occur or does not occur in the period designated at the inception of the hedge, the amount classified in accumulated other comprehensive loss would be reclassified to the results of operations in Interest and foreign exchange at the time of occurrence. At February 29, 2024 exchange rates, approximately $ 2.1 million would be reclassified to revenue or cost of revenue in the next year. At February 29, 2024 , interest rate swap agreements maturing from June 2024 through January 2032 had notional amounts that aggregated to $ 608.6 million. The fair value of the contracts is included on the Condensed Consolidated Balance Sheets in Accounts payable and accrued liabilities when in a loss position, or in Accounts receivable, net when in a gain position. As interest expense on the underlying debt is recognized, amounts corresponding to the interest rate swap are reclassified from Accumulated other comprehensive loss and charged or credited to interest expense. At February 29, 2024 interest rates, approximately $ 13.7 million of gain would be reclassified to reduce interest expense in the next year. Fair Values of Derivative Instruments (in millions) Asset Derivatives Liability Derivatives February 29, August 31, February 29, August 31, Balance sheet location Fair Value Fair Value Balance sheet location Fair Value Fair Value Derivatives designated as hedging instruments Foreign forward Accounts $ 5.3 $ 2.5 Accounts payable $ 0.1 $ 0.1 Interest rate swap Accounts 32.1 34.9 Accounts payable 0.1 0.1 $ 37.4 $ 37.4 $ 0.2 $ 0.2 Derivatives not designated as hedging instruments Foreign forward Accounts $ — $ 0.5 Accounts payable $ — $ — The Effect of Derivative Instruments on the Statements of Income (in millions) Three months ended February 29, 2024 and February 28, 2023 Derivatives in cash flow hedging relationships Location of gain (loss) recognized Gain (loss) recognized in income on February 29, February 28, Foreign forward exchange contract Interest and foreign exchange $ — $ ( 0.3 ) Derivatives Gain (loss) recognized in Location of Gain (loss) reclassified Location of gain Gain (loss) recognized on February 29, February 28, February 29, February 28, February 29, February 28, Foreign $ 0.5 $ 0.5 Revenue $ 0.8 $ ( 0.5 ) Revenue $ 0.6 $ 0.5 Foreign 0.2 0.8 Cost of — 0.4 Cost of 0.3 0.3 Interest rate 2.9 8.6 Interest and 4.2 2.4 Interest and — — $ 3.6 $ 9.9 $ 5.0 $ 2.3 $ 0.9 $ 0.8 The following table presents the amounts in the Condensed Consolidated Statements of Income in which the effects of the cash flow hedges are recorded and the effects of the cash flow hedge activity on these line items for the three months ended February 29, 2024 and February 28, 2023: For the Three Months Ended February 29, February 28, Total Amount of gain Total Amount of gain Revenue $ 862.7 $ 0.8 $ 1,122.0 $ ( 0.5 ) Cost of revenue $ 740.5 $ — $ 1,005.2 $ 0.4 Interest and foreign exchange $ 24.6 $ 4.2 $ 21.6 $ 2.4 The Effect of Derivative Instruments on the Statements of Income (in millions) Six months ended February 29, 2024 and February 28, 2023 Derivatives in cash flow hedging relationships Location of gain (loss) Gain (loss) recognized in income on February 29, February 28, Foreign forward exchange contract Interest and foreign exchange $ 0.2 $ ( 0.3 ) Derivatives in Gain (loss) recognized Location of gain Gain (loss) reclassified Location of gain Gain (loss) recognized February 29, February 28, February 29, February 28, February 29, February 28, Foreign $ 2.9 $ 2.0 Revenue $ 1.0 $ ( 0.9 ) Revenue $ 1.2 $ 0.8 Foreign — 1.1 Cost of ( 0.1 ) 0.6 Cost of 0.6 0.4 Interest rate 6.0 19.0 Interest and 8.5 3.4 Interest and — — $ 8.9 $ 22.1 $ 9.4 $ 3.1 $ 1.8 $ 1.2 The following table presents the amounts in the Condensed Consolidated Statements of Income in which the effects of the cash flow hedges are recorded and the effects of the cash flow hedge activity on these line items for the six months ended February 29, 2024 and February 28, 2023: For the Six Months Ended February 29, February 28, Total Amount of gain Total Amount of gain Revenue $ 1,671.5 $ 1.0 $ 1,888.5 $ ( 0.9 ) Cost of revenue $ 1,428.0 $ ( 0.1 ) $ 1,702.2 $ 0.6 Interest and foreign exchange $ 47.8 $ 8.5 $ 41.2 $ 3.4

Segment Information

Segment Information	6 Months Ended
	Feb. 29, 2024
Segment Reporting [Abstract]
Segment Information	Note 12 – Segment Information The Company operates in three reportable segments: Manufacturing; Maintenance Services; and Leasing & Management Services. Performance is evaluated based on Earnings (loss) from operations. Corporate includes selling and administrative costs not directly related to goods and services and certain costs that are intertwined among segments due to our integrated business model. The Company does not allocate Interest and foreign exchange or Income tax expense for either external or internal reporting purposes. Intersegment sales and transfers are valued as if the sales or transfers were to third parties. Related revenue and margin are eliminated in consolidation and therefore are not included in consolidated results in the Company’s Consolidated Financial Statements. The information in the following table is derived directly from the segments’ internal financial reports used for corporate management purposes. For the three months ended February 29, 2024: Revenue Earnings (loss) from operations (in millions) External Intersegment Total External Intersegment Total Manufacturing $ 735.8 $ 61.5 $ 797.3 $ 58.8 $ 3.7 $ 62.5 Maintenance Services 75.2 9.1 84.3 4.6 — 4.6 Leasing & Management Services 51.7 0.3 52.0 33.2 0.1 33.3 Eliminations — ( 70.9 ) ( 70.9 ) — ( 3.8 ) ( 3.8 ) Corporate — — — ( 33.1 ) — ( 33.1 ) $ 862.7 $ — $ 862.7 $ 63.5 $ — $ 63.5 For the six months ended February 29, 2024: Revenue Earnings (loss) from operations (in millions) External Intersegment Total External Intersegment Total Manufacturing $ 1,411.7 $ 120.0 $ 1,531.7 $ 113.1 $ 8.4 $ 121.5 Maintenance Services 159.0 18.3 177.3 15.2 — 15.2 Leasing & Management Services 100.8 0.5 101.3 59.5 0.1 59.6 Eliminations — ( 138.8 ) ( 138.8 ) — ( 8.5 ) ( 8.5 ) Corporate — — — ( 59.4 ) — ( 59.4 ) $ 1,671.5 $ — $ 1,671.5 $ 128.4 $ — $ 128.4 For the three months ended February 28, 2023: Revenue Earnings (loss) from operations (in millions) External Intersegment Total External Intersegment Total Manufacturing $ 968.6 $ 96.8 $ 1,065.4 $ 46.6 $ 8.8 $ 55.4 Maintenance Services 98.0 6.2 104.2 6.8 — 6.8 Leasing & Management Services 55.4 0.5 55.9 40.7 0.1 40.8 Eliminations — ( 103.5 ) ( 103.5 ) — ( 8.9 ) ( 8.9 ) Corporate — — — ( 26.7 ) — ( 26.7 ) $ 1,122.0 $ — $ 1,122.0 $ 67.4 $ — $ 67.4 For the six months ended February 28, 2023: Revenue Earnings (loss) from operations (in millions) External Intersegment Total External Intersegment Total Manufacturing $ 1,615.1 $ 141.3 $ 1,756.4 $ 43.2 $ 12.8 $ 56.0 Maintenance Services 183.5 14.7 198.2 12.3 — 12.3 Leasing & Management Services 89.9 0.7 90.6 56.3 0.1 56.4 Eliminations — ( 156.7 ) ( 156.7 ) — ( 12.9 ) ( 12.9 ) Corporate — — — ( 49.2 ) — ( 49.2 ) $ 1,888.5 $ — $ 1,888.5 $ 62.6 $ — $ 62.6 Total assets (in millions) February 29, August 31, Manufacturing $ 1,814.5 $ 1,847.0 Maintenance Services 309.5 294.4 Leasing & Management Services 1,592.2 1,458.1 Unallocated, including cash 327.4 378.9 $ 4,043.6 $ 3,978.4 Reconciliation of Earnings from operations to Earnings before income tax and earnings from unconsolidated affiliates: Three Months Ended Six Months Ended (in millions) February 29, February 28, February 29, February 28, Earnings from operations $ 63.5 $ 67.4 $ 128.4 $ 62.6 Interest and foreign exchange 24.6 21.6 47.8 41.2 Earnings before income tax and earnings $ 38.9 $ 45.8 $ 80.6 $ 21.4

Leases

Leases	6 Months Ended
	Feb. 29, 2024
Leases [Abstract]
Leases	Note 13 – Leases Lessor Equipment on operating leases is reported net of accumulated depreciation of $ 80.7 million and $ 68.0 million as of February 29, 2024 and August 31, 2023 , respectively. Depreciation expense was $ 8.4 million and $ 16.2 million for the three and six months ended February 29, 2024 , respectively and $ 6.8 million and $ 12.8 million for the three and six months ended February 28, 2023 , respectively. In addition, certain railcar equipment leased-in by the Company on operating leases is subleased to customers under non-cancelable operating leases with lease terms ranging from one to approximately twelve years . Operating lease rental revenues included in the Company’s Condensed Consolidated Statements of Income for the three and six months ended February 29, 2024 was $ 30.5 million and $ 58.1 million, respectively, which included $ 5.1 million and $ 10.5 million, respectively, of revenue as a result of daily, monthly or car hire utilization arrangements. Operating lease rental revenues included in the Company’s Condensed Consolidated Statements of Income for the three and six months ended February 28, 2023 was $ 23.8 million and $ 43.4 million, respectively, which included $ 4.9 million and $ 9.7 million, respectively, of revenue as a result of daily, monthly or car hire utilization arrangements. Aggregate minimum future amounts receivable under all non-cancelable operating leases and subleases at February 29, 2024, will mature as follows: (in millions) Remaining six months of 2024 $ 48.5 2025 87.9 2026 79.0 2027 69.3 2028 53.3 Thereafter 107.7 $ 445.7 Lessee The Company leases railcars, real estate, and certain equipment under operating and, to a lesser extent, finance lease arrangements. As of and for the three and six months ended February 29, 2024 and February 28, 2023, finance leases were not a material component of the Company's lease portfolio. The Company’s real estate and equipment leases have remaining lease terms ranging from less than one year to 75 years , with some including options to extend up to 7 years . The Company recognizes a lease liability and corresponding rig ht-of-use (ROU) asset based on the present value of lease payments. To determine the present value of lease payments, as most of its leases do not provide a readily determinable implicit rate, the Company’s incremental borrowing rate is used to discount the lease payments based on information available at each lease commencement date. The Company gives consideration to its recent debt issuances as well as publicly available data for instruments with similar characteristics when estimating its incremental borrowing rate. The components of operating lease costs were as follows: Three Months Ended Six Months Ended (in millions) February 29, February 28, February 29, February 28, Operating lease expense $ 4.2 $ 3.1 $ 8.4 $ 6.4 Short-term lease expense 1.7 2.6 3.8 4.4 Total $ 5.9 $ 5.7 $ 12.2 $ 10.8 Aggregate minimum future amounts payable under operating leases having initial or remaining non-cancelable terms at February 29, 2024, will mature as follows: (in millions) Remaining six months of 2024 $ 7.7 2025 14.2 2026 13.4 2027 10.6 2028 9.7 Thereafter 23.9 Total lease payments $ 79.5 Less: Imputed interest ( 7.6 ) Total lease obligations $ 71.9 The table below presents additional information related to the Company’s leases: Weighted average remaining lease term (years): Operating leases 10.6 Weighted average discount rate: Operating leases 2.7 % Supplemental cash flow information related to leases were as follows: (in millions) Six Months Ended February 29, 2024 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 8.8 ROU assets obtained in exchange for new operating lease liabilities $ 7.6

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Feb. 29, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 14 – Commitments and Contingencies Portland Harbor Superfund Site The Company’s former Portland, Oregon manufacturing facility (the Portland Property) is located adjacent to the Willamette River. In December 2000, the U.S. Environmental Protection Agency (EPA) classified portions of the Willamette River bed known as the Portland Harbor, including the portion fronting the Company’s manufacturing facility, as a federal "National Priority List" or "Superfund" site due to sediment contamination (the Portland Harbor Site). The Company and more than 140 other parties have received a "General Notice" of potential liability from the EPA relating to the Portland Harbor Site. The letter advised the Company that it may be liable for the costs of investigation and remediation (which liability may be joint and several with other potentially responsible parties) as well as for natural resource damages resulting from releases of hazardous substances to the site. Ten private and public entities, including the Company (the Lower Willamette Group or LWG), signed an Administrative Order on Consent (AOC) to perform a remedial investigation/feasibility study (RI/FS) of the Portland Harbor Site under EPA oversight, and several additional entities did not sign such consent, but nevertheless contributed financially to the effort. The EPA-mandated RI/FS was produced by the LWG and cost over $ 110 million during a 17-year period. The Company bore a percentage of the total costs incurred by the LWG in connection with the investigation. The Company’s aggregate expenditure during the 17-year period was not material. Some or all of any such outlay may be recoverable from other responsible parties. The EPA issued its Record of Decision (ROD) for the Portland Harbor Site on January 6, 2017 and accordingly on October 26, 2017, the AOC was terminated. Separate from the process described above, which focused on the type of remediation to be performed at the Portland Harbor Site and the schedule for such remediation, 96 parties, including the State of Oregon and the federal government, are participating in a non-judicial, mediated allocation process to try to allocate costs associated with remediation of the Portland Harbor Site. The Company will continue to participate in the allocation process. Approximately 110 additional parties signed tolling agreements related to such allocations. On April 23, 2009, the Company and the other AOC signatories filed suit against 69 other parties due to a possible limitations period for some such claims; Arkema Inc. et al v. A & C Foundry Products, Inc. et al , U.S. District Court, District of Oregon, Case #3:09-cv-453-PK. All but 12 of these parties elected to sign tolling agreements and be dismissed without prejudice, and the case has been stayed by the court until January 14, 2025. The EPA's January 6, 2017 ROD identifies a clean-up remedy that the EPA estimates will take 13 years of active remediation, followed by 30 years of monitoring with an estimated undiscounted cost of $ 1.7 billion. The EPA typically expects its cost estimates to be accurate within a range of - 30 % to + 50 %, but this ROD states that changes in costs are likely to occur. The EPA has identified several Sediment Decision Units within the ROD cleanup area. One of the units, RM9W, includes the nearshore area of the river sediments offshore of the Portland Property as well as downstream of the facility. It also includes a portion of the Portland Property's riverbank. The ROD does not break down total remediation costs by Sediment Decision Unit. The EPA requested that potentially responsible parties enter AOCs during 2019 agreeing to conduct remedial design studies. Some parties have signed AOCs, including one party with respect to RM9W which includes the area offshore of the Portland Property. The Company has not signed an AOC in connection with remedial design, but is assisting in funding a portion of the RM9W remedial design. The ROD does not address responsibility for the costs of clean-up, nor does it allocate such costs among the potentially responsible parties. Responsibility for funding and implementing the EPA's selected cleanup remedy will be determined at an unspecified later date. Based on the investigation to date, the Company believes that it did not contribute in any material way to contaminants of concern in the river sediments or the damage of natural resources in the Portland Harbor Site and that the damage in the area of the Portland Harbor Site adjacent to the Portland Property precedes the Company’s ownership of the Portland Property. Because these environmental investigations are still underway, sufficient information is currently not available to determine the Company’s liability, if any, for the cost of any required remediation or restoration of the Portland Harbor Site or to estimate a range of potential loss. Based on the results of the pending investigations and future assessments of natural resource damages, the Company may be required to incur costs associated with additional phases of investigation or remedial action, and may be liable for damages to natural resources. On January 30, 2017 the Confederated Tribes and Bands of Yakama Nation sued 33 parties including the Company as well as the federal government and the State of Oregon for costs it incurred in assessing alleged natural resource damages to the Columbia River from contaminants deposited in Portland Harbor. Confederated Tribes and Bands of the Yakama Nation v. Air Liquide America Corp., et al., U.S. Court for the District of Oregon Case No. 3i17-CV-00164-SB. The complaint does not specify the amount of damages the plaintiff will seek. The case has been stayed until January 14, 2025. Oregon Department of Environmental Quality (DEQ) Regulation of Portland Property The Company entered into a Voluntary Cleanup Agreement with the Oregon Department of Environmental Quality (DEQ) in which the Company agreed to conduct an investigation of whether, and to what extent, past or present operations at the Portland Property may have released hazardous substances into the environment. The Company has also signed an Order on Consent with the DEQ to finalize the investigation of potential onsite sources of contamination that may have a release pathway to the Willamette River. The Company’s aggregate expenditure has not been material, however it could incur significant expenses for remediation. Some or all of any such outlay may be recoverable from other responsible parties. Sale of Portland Property The Company sold the Portland Property in May 2023, but remains potentially liable with respect to the above matters. Any of these matters could adversely affect the Company's business and Consolidated Financial Statements. However, any contamination or exacerbation of contamination that occurs after the sale of the property will be the liability of the current and future owners and operators of the Portland Property. Other Litigation, Commitments and Contingencies From time to time, the Company is involved as a defendant in litigation in the ordinary course of business, the outcomes of which cannot be predicted with certainty. While the ultimate outcome of such legal proceedings cannot be determined at this time, the Company believes that the resolution of pending litigation will not have a material adverse effect on the Company's Consolidated Financial Statements. As of February 29, 2024, the Company had outstanding letters of credit aggregating to $ 7.1 million assoc iated with performance guarantees, facility leases and workers compensation insurance.

Fair Value Measures

Fair Value Measures	6 Months Ended
	Feb. 29, 2024
Fair Value Disclosures [Abstract]
Fair Value Measures	Note 15 – Fair Value Measures Certain assets and liabilities are reported at fair value on either a recurring or nonrecurring basis. Fair value, for this disclosure, is defined as an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants, under a three-tier fair value hierarchy that prioritizes the inputs used in measuring fair value as follows: Level 1 - observable inputs such as unadjusted quoted prices in active markets for identical instruments; Level 2 - inputs, other than the quoted market prices in active markets for similar instruments, which are observable, either directly or indirectly; and Level 3 - unobservable inputs for which there is little or no market data available, which require the reporting entity to develop its own assumptions. Assets and liabilities measured at fair value on a recurring basis as of February 29, 2024 were: (in millions) Total Level 1 Level 2 (1) Level 3 Assets: Derivative financial instruments $ 37.4 $ — $ 37.4 $ — Nonqualified savings plan investments 56.4 56.4 — — Cash equivalents 52.0 52.0 — — $ 145.8 $ 108.4 $ 37.4 $ — Liabilities: Derivative financial instruments $ 0.2 $ — $ 0.2 $ — Assets and liabilities measured at fair value on a recurring basis as of August 31, 2023 were: (in millions) Total Level 1 Level 2 (1) Level 3 Assets: Derivative financial instruments $ 37.9 $ — $ 37.9 $ — Nonqualified savings plan investments 47.7 47.7 — — Cash equivalents 51.2 51.2 — — $ 136.8 $ 98.9 $ 37.9 $ — Liabilities: Derivative financial instruments $ 0.2 $ — $ 0.2 $ — (1) Level 2 assets and liabilities include derivative financial instruments that are valued based on observable inputs. See Note 11 - Derivative Instruments for further discussion.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Feb. 29, 2024
Related Party Transactions [Abstract]
Related Party Transactions	Note 16 – Related Party Transactions The Company has a 41.9 % interest in Axis, LLC (Axis), a joint venture. The Company purchased $ 2.5 million and $ 4.8 million of railcar components from Axis for the three and six months ended February 29, 2024 , respectively and $ 1.8 million and $ 4.5 million for the three and six months ended February 28, 2023 , respectively.

Interim Financial Statements (P

Interim Financial Statements (Policies)	6 Months Ended
	Feb. 29, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Reclassifications	Reclassifications - Certain immaterial reclassifications have been made to the accompanying prior year Condensed Consolidated Financial Statements to conform to the current year presentation.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Improvements to Reportable Segment Disclosures In November 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update (ASU) 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures (ASU 2023-07), which requires disclosure of incremental segment information on an annual and interim basis, primarily through enhanced disclosures of significant segment expenses. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024 and requires retrospective application to all periods presented upon adoption. Early adoption is permitted. The Company is currently evaluating the impact that ASU 2023-07 will have on its consolidated financial statements and disclosures. Improvements to Income Tax Disclosures In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (ASU 2023-09), which requires disclosure of incremental income tax information within the rate reconciliation and expanded disclosures of income taxes paid, among other disclosure requirements. ASU 2023-09 is effective for fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company is currently evaluating the impact that ASU 2023-09 will have on its consolidated financial statements and disclosures.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Feb. 29, 2024
Revenue from Contract with Customer [Abstract]
Summary of Contract Balances	The contract balances are as follows: (in millions) Balance sheet classification February 29, August 31, $ Contract assets Accounts Receivable $ 0.7 $ 0.1 $ 0.6 Contract assets Inventories $ 10.3 $ 7.0 $ 3.3 Contract liabilities (1) Deferred revenue $ 77.7 $ 43.3 $ 34.4 (1) Contract liabilities balance includes deferred revenue within the scope of Revenue from Contracts with Customers (Topic 606).
Summary of Estimated Revenue Related to Performance Obligations Wholly or Partially Unsatisfied	The following table outlines estimated revenue related to performance obligations wholly or partially unsatisfied, that the Company anticipates will be recognized in future periods. (in millions) February 29, Revenue type: Manufacturing – Railcar sales $ 2,725.8 Manufacturing – Sustainable conversions $ 52.6 Management services $ 133.4 Other $ 13.0

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Feb. 29, 2024
Inventory Disclosure [Abstract]
Components of Inventories	The following table summarizes the Company’s Inventories balance: (in millions) February 29, August 31, Manufacturing supplies and raw materials $ 600.1 $ 638.2 Work-in-process 133.1 138.2 Finished goods 99.7 64.4 Excess and obsolete adjustment ( 5.9 ) ( 17.2 ) $ 827.0 $ 823.6

Intangibles and Other Assets,_2

Intangibles and Other Assets, net (Tables)	6 Months Ended
	Feb. 29, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Identifiable Intangibles and Other Assets, Net	The following table summarizes the Company’s identifiable Intangibles and other assets, net balance: (in millions) February 29, August 31, Intangible assets subject to amortization: Customer relationships $ 87.5 $ 87.5 Accumulated amortization ( 70.6 ) ( 69.1 ) Other intangibles 41.8 43.0 Accumulated amortization ( 23.8 ) ( 22.3 ) 34.9 39.1 Intangible assets not subject to amortization 2.3 2.3 Prepaid and other assets 50.5 56.4 Operating lease right-of-use assets 70.7 70.6 Nonqualified savings plan investments 56.4 47.7 Debt issuance costs, net 6.4 6.3 Assets held for sale 0.3 0.3 Deferred tax assets 34.1 33.1 $ 255.6 $ 255.8

Revolving Notes (Tables)

Revolving Notes (Tables)	6 Months Ended
	Feb. 29, 2024
Debt Disclosure [Abstract]
Schedule of Credit Facility Balances	Revolving notes consisted of the following balances: (in millions) February 29, August 31, Nonrecourse credit facility balances GBX Leasing $ 89.2 $ 139.9 Other credit facility balances North America 55.0 — Europe 31.6 47.2 Mexico 125.0 110.0 Total Revolving notes $ 300.8 $ 297.1

Accounts Payable and Accrued _2

Accounts Payable and Accrued Liabilities (Tables)	6 Months Ended
	Feb. 29, 2024
Payables and Accruals [Abstract]
Accounts Payable and Accrued Liabilities	(in millions) February 29, August 31, Trade payables $ 303.4 $ 396.8 Accrued payroll and related liabilities 147.9 158.6 Accrued liabilities and other 97.1 87.3 Operating lease liabilities 71.9 72.2 Accrued warranty 23.0 25.6 Income taxes payable 6.0 3.0 $ 649.3 $ 743.5

Warranty Accruals (Tables)

Warranty Accruals (Tables)	6 Months Ended
	Feb. 29, 2024
Guarantees and Product Warranties [Abstract]
Warranty Accrual Activity	Warranty accrual activity consisted of the following: Three Months Ended Six Months Ended (in millions) February 29, February 28, February 29, February 28, Balance at beginning of period $ 24.0 $ 23.7 $ 25.6 $ 24.0 Charged to cost of revenue, net 1.1 1.7 4.7 2.9 Payments ( 2.1 ) ( 1.0 ) ( 7.7 ) ( 2.6 ) Currency translation effect — 0.1 0.4 0.2 Balance at end of period $ 23.0 $ 24.5 $ 23.0 $ 24.5

Notes Payable, net (Tables)

Notes Payable, net (Tables)	6 Months Ended
	Feb. 29, 2024
Debt Disclosure [Abstract]
Notes Payable, Net	(In millions) February 29, August 31, Leasing nonrecourse term loans $ 806.0 $ 640.2 Senior term debt 259.0 266.4 2.875 % Convertible senior notes, due 2028 373.8 373.8 2.875 % Convertible senior notes, due 2024 — 47.7 Other notes payable 1.6 1.8 $ 1,440.4 $ 1,329.9 Debt discount and issuance costs ( 18.6 ) ( 18.2 ) $ 1,421.8 $ 1,311.7
Summary of Net Carrying Amount of Debt And Related Assets	The following table summarizes the Issuer's net carrying amount of the debt and related assets. (in millions) February 29, August 31, Assets Restricted cash $ 7.4 $ 6.7 Equipment on operating leases, net $ 645.2 $ 388.9 Liabilities Notes payable, net $ 472.0 $ 302.1

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Feb. 29, 2024
Equity [Abstract]
Components of Accumulated Other Comprehensive Loss, Net of Tax	Accumulated other comprehensive loss, net of tax effect as appropriate, consisted of the following: (in millions) Unrealized Foreign Other Accumulated Balance, August 31, 2023 $ 27.0 $ ( 32.1 ) $ ( 2.2 ) $ ( 7.3 ) Other comprehensive gain before reclassifications 7.1 ( 1.8 ) 0.6 5.9 Amounts reclassified from Accumulated other ( 7.5 ) — — ( 7.5 ) Balance, February 29, 2024 $ 26.6 $ ( 33.9 ) $ ( 1.6 ) $ ( 8.9 )
Amounts Reclassified out of Accumulated Other Comprehensive Loss	The amounts reclassified out of Accumulated other comprehensive loss into the Condensed Consolidated Statements of Income, with financial statement caption, were as follows: Three Months Ended (in millions) February 29, February 28, Financial Statement Caption (Gain) loss on derivative financial instruments: Foreign exchange contracts $ ( 0.8 ) $ 0.1 Revenue and Cost of revenue Interest rate swap contracts ( 4.2 ) ( 2.4 ) Interest and foreign exchange ( 5.0 ) ( 2.3 ) 1.0 0.7 Income tax expense $ ( 4.0 ) $ ( 1.6 ) Six Months Ended (in millions) February 29, February 28, Financial Statement Caption (Gain) loss on derivative financial instruments: Foreign exchange contracts $ ( 0.9 ) $ 0.3 Revenue and Cost of revenue Interest rate swap contracts ( 8.5 ) ( 3.4 ) Interest and foreign exchange ( 9.4 ) ( 3.1 ) 1.9 1.0 Income tax expense $ ( 7.5 ) $ ( 2.1 )

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Feb. 29, 2024
Earnings Per Share [Abstract]
Reconciliation of Shares Used in Computation of Basic and Diluted Earnings Per Share	The shares used in the computation of basic and diluted earnings per common share are reconciled as follows: Three Months Ended Six Months Ended (In thousands) February 29, February 28, February 29, February 28, Weighted average basic common shares outstanding 31,117 32,588 31,071 32,654 Dilutive effect of 2.875 % convertible notes due 2024 (1) 563 821 694 — Dilutive effect of 2.875 % convertible notes due 2028 (2) — — — — Dilutive effect of restricted stock units (3) 890 991 911 1,000 Weighted average diluted common shares outstanding 32,570 34,400 32,676 33,654 (1) The dilutive effect of the 2.875 % Convertible notes due 2024 was excluded for the six months ended February 28, 2023 as they were considered anti-dilutive under the “if converted” method as further discussed below. These notes were retired on February 1, 2024. (2) The dilutive effect of the 2.875 % Convertible notes due 2028 was excluded for the three and six months ended February 29, 2024 and February 28, 2023 as the average stock price was less than the applicable conversion price and therefore was considered anti-dilutive. As these notes require cash settlement for the principal, only a premium is potentially dilutive under the "if converted" method as further discussed below. (3) Restricted stock units and restricted stock units subject to performance criteria, for which actual levels of performance above target have been achieved, are included in weighted average diluted common shares outstanding when the Company is in a net earnings position .
Approach to Calculate Diluted Earnings per Share	Three Months Ended Six Months Ended (in millions, except number of shares which are reflected in thousands, and per share amounts) February 29, February 28, February 29, February 28, Net earnings attributable to Greenbrier $ 33.4 $ 33.1 $ 64.6 $ 16.4 Weighted average basic common shares outstanding 31,117 32,588 31,071 32,654 Basic earnings per share $ 1.08 $ 1.01 $ 2.08 $ 0.50 Net earnings attributable to Greenbrier $ 33.4 $ 33.1 $ 64.6 $ 16.4 Add back: Interest and debt issuance costs on the 2.875 % 0.2 0.3 0.5 n/a Earnings before interest and debt issuance costs 2.875 % convertible notes due 2024 $ 33.6 $ 33.4 $ 65.1 n/a Weighted average diluted common shares outstanding 32,570 34,400 32,676 33,654 Diluted earnings per share $ 1.03 (1) $ 0.97 (1) $ 1.99 (1) $ 0.49 (1) Diluted earnings per share was calculated as follows: Earnings before interest and debt issuance costs on the 2.875 % convertible notes due 2024 Weighted average diluted common shares outstanding

Derivative Instruments (Tables)

Derivative Instruments (Tables)	6 Months Ended
	Feb. 29, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Fair Values of Derivative Instruments	Fair Values of Derivative Instruments (in millions) Asset Derivatives Liability Derivatives February 29, August 31, February 29, August 31, Balance sheet location Fair Value Fair Value Balance sheet location Fair Value Fair Value Derivatives designated as hedging instruments Foreign forward Accounts $ 5.3 $ 2.5 Accounts payable $ 0.1 $ 0.1 Interest rate swap Accounts 32.1 34.9 Accounts payable 0.1 0.1 $ 37.4 $ 37.4 $ 0.2 $ 0.2 Derivatives not designated as hedging instruments Foreign forward Accounts $ — $ 0.5 Accounts payable $ — $ —
Effect of Derivative Instruments on the Statements of Operations	The Effect of Derivative Instruments on the Statements of Income (in millions) Three months ended February 29, 2024 and February 28, 2023 Derivatives in cash flow hedging relationships Location of gain (loss) recognized Gain (loss) recognized in income on February 29, February 28, Foreign forward exchange contract Interest and foreign exchange $ — $ ( 0.3 ) Derivatives Gain (loss) recognized in Location of Gain (loss) reclassified Location of gain Gain (loss) recognized on February 29, February 28, February 29, February 28, February 29, February 28, Foreign $ 0.5 $ 0.5 Revenue $ 0.8 $ ( 0.5 ) Revenue $ 0.6 $ 0.5 Foreign 0.2 0.8 Cost of — 0.4 Cost of 0.3 0.3 Interest rate 2.9 8.6 Interest and 4.2 2.4 Interest and — — $ 3.6 $ 9.9 $ 5.0 $ 2.3 $ 0.9 $ 0.8 The Effect of Derivative Instruments on the Statements of Income (in millions) Six months ended February 29, 2024 and February 28, 2023 Derivatives in cash flow hedging relationships Location of gain (loss) Gain (loss) recognized in income on February 29, February 28, Foreign forward exchange contract Interest and foreign exchange $ 0.2 $ ( 0.3 ) Derivatives in Gain (loss) recognized Location of gain Gain (loss) reclassified Location of gain Gain (loss) recognized February 29, February 28, February 29, February 28, February 29, February 28, Foreign $ 2.9 $ 2.0 Revenue $ 1.0 $ ( 0.9 ) Revenue $ 1.2 $ 0.8 Foreign — 1.1 Cost of ( 0.1 ) 0.6 Cost of 0.6 0.4 Interest rate 6.0 19.0 Interest and 8.5 3.4 Interest and — — $ 8.9 $ 22.1 $ 9.4 $ 3.1 $ 1.8 $ 1.2
Effects of Cash Flow Hedges Included in Statements of Operations	The following table presents the amounts in the Condensed Consolidated Statements of Income in which the effects of the cash flow hedges are recorded and the effects of the cash flow hedge activity on these line items for the three months ended February 29, 2024 and February 28, 2023: For the Three Months Ended February 29, February 28, Total Amount of gain Total Amount of gain Revenue $ 862.7 $ 0.8 $ 1,122.0 $ ( 0.5 ) Cost of revenue $ 740.5 $ — $ 1,005.2 $ 0.4 Interest and foreign exchange $ 24.6 $ 4.2 $ 21.6 $ 2.4 The following table presents the amounts in the Condensed Consolidated Statements of Income in which the effects of the cash flow hedges are recorded and the effects of the cash flow hedge activity on these line items for the six months ended February 29, 2024 and February 28, 2023: For the Six Months Ended February 29, February 28, Total Amount of gain Total Amount of gain Revenue $ 1,671.5 $ 1.0 $ 1,888.5 $ ( 0.9 ) Cost of revenue $ 1,428.0 $ ( 0.1 ) $ 1,702.2 $ 0.6 Interest and foreign exchange $ 47.8 $ 8.5 $ 41.2 $ 3.4

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Feb. 29, 2024
Segment Reporting [Abstract]
Segments Internal Financial Reports	The information in the following table is derived directly from the segments’ internal financial reports used for corporate management purposes. For the three months ended February 29, 2024: Revenue Earnings (loss) from operations (in millions) External Intersegment Total External Intersegment Total Manufacturing $ 735.8 $ 61.5 $ 797.3 $ 58.8 $ 3.7 $ 62.5 Maintenance Services 75.2 9.1 84.3 4.6 — 4.6 Leasing & Management Services 51.7 0.3 52.0 33.2 0.1 33.3 Eliminations — ( 70.9 ) ( 70.9 ) — ( 3.8 ) ( 3.8 ) Corporate — — — ( 33.1 ) — ( 33.1 ) $ 862.7 $ — $ 862.7 $ 63.5 $ — $ 63.5 For the six months ended February 29, 2024: Revenue Earnings (loss) from operations (in millions) External Intersegment Total External Intersegment Total Manufacturing $ 1,411.7 $ 120.0 $ 1,531.7 $ 113.1 $ 8.4 $ 121.5 Maintenance Services 159.0 18.3 177.3 15.2 — 15.2 Leasing & Management Services 100.8 0.5 101.3 59.5 0.1 59.6 Eliminations — ( 138.8 ) ( 138.8 ) — ( 8.5 ) ( 8.5 ) Corporate — — — ( 59.4 ) — ( 59.4 ) $ 1,671.5 $ — $ 1,671.5 $ 128.4 $ — $ 128.4 For the three months ended February 28, 2023: Revenue Earnings (loss) from operations (in millions) External Intersegment Total External Intersegment Total Manufacturing $ 968.6 $ 96.8 $ 1,065.4 $ 46.6 $ 8.8 $ 55.4 Maintenance Services 98.0 6.2 104.2 6.8 — 6.8 Leasing & Management Services 55.4 0.5 55.9 40.7 0.1 40.8 Eliminations — ( 103.5 ) ( 103.5 ) — ( 8.9 ) ( 8.9 ) Corporate — — — ( 26.7 ) — ( 26.7 ) $ 1,122.0 $ — $ 1,122.0 $ 67.4 $ — $ 67.4 For the six months ended February 28, 2023: Revenue Earnings (loss) from operations (in millions) External Intersegment Total External Intersegment Total Manufacturing $ 1,615.1 $ 141.3 $ 1,756.4 $ 43.2 $ 12.8 $ 56.0 Maintenance Services 183.5 14.7 198.2 12.3 — 12.3 Leasing & Management Services 89.9 0.7 90.6 56.3 0.1 56.4 Eliminations — ( 156.7 ) ( 156.7 ) — ( 12.9 ) ( 12.9 ) Corporate — — — ( 49.2 ) — ( 49.2 ) $ 1,888.5 $ — $ 1,888.5 $ 62.6 $ — $ 62.6 Total assets (in millions) February 29, August 31, Manufacturing $ 1,814.5 $ 1,847.0 Maintenance Services 309.5 294.4 Leasing & Management Services 1,592.2 1,458.1 Unallocated, including cash 327.4 378.9 $ 4,043.6 $ 3,978.4
Reconciliation of Earnings (Loss) from Operations to Earnings Before Income Tax and Earnings from Unconsolidated Affiliates	Reconciliation of Earnings from operations to Earnings before income tax and earnings from unconsolidated affiliates: Three Months Ended Six Months Ended (in millions) February 29, February 28, February 29, February 28, Earnings from operations $ 63.5 $ 67.4 $ 128.4 $ 62.6 Interest and foreign exchange 24.6 21.6 47.8 41.2 Earnings before income tax and earnings $ 38.9 $ 45.8 $ 80.6 $ 21.4

Leases (Tables)

Leases (Tables)	6 Months Ended
	Feb. 29, 2024
Leases [Abstract]
Aggregate Minimum Future Amounts Receivable Under All Non-Cancelable Operating Leases and Subleases	Aggregate minimum future amounts receivable under all non-cancelable operating leases and subleases at February 29, 2024, will mature as follows: (in millions) Remaining six months of 2024 $ 48.5 2025 87.9 2026 79.0 2027 69.3 2028 53.3 Thereafter 107.7 $ 445.7
Components of Operating Lease Costs	The components of operating lease costs were as follows: Three Months Ended Six Months Ended (in millions) February 29, February 28, February 29, February 28, Operating lease expense $ 4.2 $ 3.1 $ 8.4 $ 6.4 Short-term lease expense 1.7 2.6 3.8 4.4 Total $ 5.9 $ 5.7 $ 12.2 $ 10.8
Aggregate Minimum Future Amounts Payable Under Operating Leases	Aggregate minimum future amounts payable under operating leases having initial or remaining non-cancelable terms at February 29, 2024, will mature as follows: (in millions) Remaining six months of 2024 $ 7.7 2025 14.2 2026 13.4 2027 10.6 2028 9.7 Thereafter 23.9 Total lease payments $ 79.5 Less: Imputed interest ( 7.6 ) Total lease obligations $ 71.9
Additional Information Related to Company's Leases	The table below presents additional information related to the Company’s leases: Weighted average remaining lease term (years): Operating leases 10.6 Weighted average discount rate: Operating leases 2.7 %
Supplemental Cash Flow Information Related to Leases	Supplemental cash flow information related to leases were as follows: (in millions) Six Months Ended February 29, 2024 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 8.8 ROU assets obtained in exchange for new operating lease liabilities $ 7.6

Fair Value Measures (Tables)

Fair Value Measures (Tables)	6 Months Ended
	Feb. 29, 2024
Fair Value Disclosures [Abstract]
Assets and Liabilities Measured at Fair Value on Recurring Basis	Assets and liabilities measured at fair value on a recurring basis as of February 29, 2024 were: (in millions) Total Level 1 Level 2 (1) Level 3 Assets: Derivative financial instruments $ 37.4 $ — $ 37.4 $ — Nonqualified savings plan investments 56.4 56.4 — — Cash equivalents 52.0 52.0 — — $ 145.8 $ 108.4 $ 37.4 $ — Liabilities: Derivative financial instruments $ 0.2 $ — $ 0.2 $ — Assets and liabilities measured at fair value on a recurring basis as of August 31, 2023 were: (in millions) Total Level 1 Level 2 (1) Level 3 Assets: Derivative financial instruments $ 37.9 $ — $ 37.9 $ — Nonqualified savings plan investments 47.7 47.7 — — Cash equivalents 51.2 51.2 — — $ 136.8 $ 98.9 $ 37.9 $ — Liabilities: Derivative financial instruments $ 0.2 $ — $ 0.2 $ — (1) Level 2 assets and liabilities include derivative financial instruments that are valued based on observable inputs. See Note 11 - Derivative Instruments for further discussion.

Interim Financial Statements -

Interim Financial Statements - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 29, 2024	Feb. 28, 2023
Equity Class Of Treasury Stock [Line Items]
Stock repurchased authorized amount	$ 100,000,000		$ 100,000,000
Remaining authorized repurchase amount	$ 45,100,000		$ 45,100,000
Number of shares repurchased	0	575,000	38,000	575,000
Number of shares repurchased amount		$ 17,400,000	$ 1,300,000	$ 17,400,000
Share repurchase program expiration date			Jan. 31, 2025

Revenue Recognition - Summary o

Revenue Recognition - Summary of Contract Balances (Detail) - USD ($) $ in Millions		6 Months Ended
		Feb. 29, 2024	Aug. 31, 2023
Contract With Customer Asset And Liability [Line Items]
Contract liabilities	[1]	$ 77.7	$ 43.3
Change in contract liabilities	[1]	34.4
Accounts Receivable
Contract With Customer Asset And Liability [Line Items]
Contract assets		0.7	0.1
Change in contract assets		0.6
Inventories
Contract With Customer Asset And Liability [Line Items]
Contract assets		10.3	$ 7
Change in contract assets		$ 3.3
[1] Contract liabilities balance includes deferred revenue within the scope of Revenue from Contracts with Customers (Topic 606).

Revenue Recognition - Additiona

Revenue Recognition - Additional information (Detail) $ in Millions	3 Months Ended	6 Months Ended
	Feb. 29, 2024 USD ($)	Feb. 29, 2024 USD ($)
Revenue From Contract With Customers [Line Items]
Revenue recognized from contract with customers liability	$ 6.8	$ 13.4
Expected revenue recognized in the remainder of fiscal year	$ 1,100	$ 1,100
Management services
Revenue From Contract With Customers [Line Items]
Expected performance percentage	55%	55%

Revenue Recognition - Summary_2

Revenue Recognition - Summary of Estimated Revenue Related to Performance Obligations (Detail) $ in Millions	Feb. 29, 2024 USD ($)
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Revenue type 1	$ 1,100
Sustainable conversions
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Revenue type 1	52.6
Management service
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Revenue type 1	133.4
Other
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Revenue type 1	13
Manufacturing | Railcar sales
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Revenue type 1	$ 2,725.8

Inventories - Components of Inv

Inventories - Components of Inventories (Detail) - USD ($) $ in Millions	Feb. 29, 2024	Aug. 31, 2023
Inventory Disclosure [Abstract]
Manufacturing supplies and raw materials	$ 600.1	$ 638.2
Work-in-process	133.1	138.2
Finished goods	99.7	64.4
Excess and obsolete adjustment	(5.9)	(17.2)
Inventories	$ 827	$ 823.6

Intangibles and Other Assets,_3

Intangibles and Other Assets, Net - Identifiable Intangibles and Other Assets, Net (Detail) - USD ($) $ in Millions	Feb. 29, 2024	Aug. 31, 2023
Intangibles and Other Assets by Major Class [Line Items]
Finite-Lived Intangible Assets, Net, Total	$ 34.9	$ 39.1
Intangible assets not subject to amortization	2.3	2.3
Prepaid and other assets	50.5	56.4
Operating lease ROU assets	$ 70.7	$ 70.6
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Total Intangibles and other assets, net	Total Intangibles and other assets, net
Nonqualified savings plan investments	$ 56.4	$ 47.7
Debt issuance costs, net	6.4	6.3
Assets held for sale	0.3	0.3
Deferred tax assets	34.1	33.1
Total Intangibles and other assets, net	255.6	255.8
Customer Relationships
Intangibles and Other Assets by Major Class [Line Items]
Finite lived intangible assets gross	87.5	87.5
Accumulated amortization	(70.6)	(69.1)
Other Intangible Assets
Intangibles and Other Assets by Major Class [Line Items]
Finite lived intangible assets gross	41.8	43
Accumulated amortization	$ (23.8)	$ (22.3)

Revolving Notes - Additional In

Revolving Notes - Additional Information (Detail) - USD ($)	6 Months Ended
	Feb. 29, 2024	Aug. 31, 2023
Line of Credit Facility [Line Items]
Long-term line of credit	$ 300,800,000	$ 297,100,000
Notional covering percentage of outstanding balance	99%
European
Line of Credit Facility [Line Items]
Line of credit, guaranteed amount	$ 32,500,000
Mexican
Line of Credit Facility [Line Items]
Line of credit facility maximum capacity	$ 96,000,000
Minimum | European
Line of Credit Facility [Line Items]
Line of credit maturity date	2024-06
Minimum | Mexican
Line of Credit Facility [Line Items]
Line of credit facility borrowings outstanding due period	2024-06
Maximum | European
Line of Credit Facility [Line Items]
Line of credit maturity date	2025-11
Maximum | Mexican
Line of Credit Facility [Line Items]
Line of credit facility borrowings outstanding due period	2027-01
WIBOR | Minimum | European
Line of Credit Facility [Line Items]
Debt instrument, percentage points added to the reference rate	1.20%
WIBOR | Maximum | European
Line of Credit Facility [Line Items]
Debt instrument, percentage points added to the reference rate	1.60%
EURIBOR | European
Line of Credit Facility [Line Items]
Debt instrument, percentage points added to the reference rate	1.90%
Senior Secured Credit Facilities
Line of Credit Facility [Line Items]
Line of credit facility maximum capacity	$ 1,400,000,000
Letter of credit facility outstanding amount	7,100,000	4,900,000
Senior Secured Credit Facilities | North American
Line of Credit Facility [Line Items]
Long-term line of credit	55,000,000
Senior Secured Credit Facilities | European
Line of Credit Facility [Line Items]
Long-term line of credit	31,600,000	47,200,000
Senior Secured Credit Facilities | Mexican
Line of Credit Facility [Line Items]
Long-term line of credit	125,000,000	110,000,000
Committed Credit Facilities
Line of Credit Facility [Line Items]
Aggregate amount available to draw down	329,300,000
Committed Credit Facilities | North American
Line of Credit Facility [Line Items]
Aggregate amount available to draw down	214,600,000
Committed Credit Facilities | European
Line of Credit Facility [Line Items]
Aggregate amount available to draw down	43,700,000
Committed Credit Facilities | Mexican
Line of Credit Facility [Line Items]
Aggregate amount available to draw down	71,000,000
Revolving Line of Credit, 1st Component of Senior Secured Credit Facilities | North American
Line of Credit Facility [Line Items]
Line of credit facility maximum capacity	$ 600,000,000
Line of credit maturity date	2026-08
Revolving Line of Credit, 1st Component of Senior Secured Credit Facilities | European
Line of Credit Facility [Line Items]
Line of credit facility maximum capacity	$ 75,300,000
Revolving Line of Credit, 1st Component of Senior Secured Credit Facilities | Prime Rate | North American
Line of Credit Facility [Line Items]
Debt instrument, percentage points added to the reference rate	0.75%
Revolving Line of Credit, 1st Component of Senior Secured Credit Facilities | SOFR | North American
Line of Credit Facility [Line Items]
Debt instrument, percentage points added to the reference rate	1.75%
Revolving Line of Credit, 1st Component of Senior Secured Credit Facilities | SOFR Adjustment | North American
Line of Credit Facility [Line Items]
Debt instrument, percentage points added to the reference rate	0.10%
GBX Leasing
Line of Credit Facility [Line Items]
Line of credit facility maximum capacity	$ 550,000,000
Line of credit maturity date	2027-08
Long-term line of credit	$ 89,200,000	$ 139,900,000
GBX Leasing | SOFR
Line of Credit Facility [Line Items]
Debt instrument, percentage points added to the reference rate	1.85%
GBX Leasing | SOFR Adjustment
Line of Credit Facility [Line Items]
Debt instrument, percentage points added to the reference rate	0.11%
Mexican Railcar Manufacturing Joint Venture Line of Credit, 4 Component of Senior Secured Credit Facilities | Mexican
Line of Credit Facility [Line Items]
Line of credit facility maximum capacity	$ 196,000,000
Mexican Railcar Manufacturing Operations Line of Credit 1, 4 Component of Senior Secured Credit Facilities | LIBOR | Mexican
Line of Credit Facility [Line Items]
Debt instrument, percentage points added to the reference rate	4.25%
Mexican Railcar Manufacturing Operations Line of Credit 2, 4 Component of Senior Secured Credit Facilities | SOFR | Mexican
Line of Credit Facility [Line Items]
Debt instrument, percentage points added to the reference rate	2.22%
Mexican Railcar Manufacturing Operations Line of Credit 3, 4 Component of Senior Secured Credit Facilities | Mexican
Line of Credit Facility [Line Items]
Joint venture partner each guaranteed percentage	50%

Revolving Notes - Schedule of C

Revolving Notes - Schedule of Credit Facility Balances (Detail) - USD ($) $ in Millions	Feb. 29, 2024	Aug. 31, 2023
Line of Credit Facility [Line Items]
Revolving notes	$ 300.8	$ 297.1
Revolving Notes | North America
Line of Credit Facility [Line Items]
Revolving notes	55
Revolving Notes | Europe
Line of Credit Facility [Line Items]
Revolving notes	31.6	47.2
Revolving Notes | Mexico
Line of Credit Facility [Line Items]
Revolving notes	125	110
GBX Leasing
Line of Credit Facility [Line Items]
Revolving notes	$ 89.2	$ 139.9

Accounts Payable and Accrued _3

Accounts Payable and Accrued Liabilities - Accounts Payable and Accrued Liabilities (Detail) - USD ($) $ in Millions	Feb. 29, 2024	Nov. 30, 2023	Aug. 31, 2023	Feb. 28, 2023	Nov. 30, 2022	Aug. 31, 2022
Payables and Accruals [Abstract]
Trade payables	$ 303.4		$ 396.8
Accrued payroll and related liabilities	147.9		158.6
Accrued liabilities and other	97.1		87.3
Operating lease liabilities	$ 71.9		$ 72.2
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Accounts payable and accrued liabilities		Accounts payable and accrued liabilities
Accrued warranty	$ 23	$ 24	$ 25.6	$ 24.5	$ 23.7	$ 24
Income taxes payable	6		3
Accounts payable and accrued liabilities	$ 649.3		$ 743.5

Warranty Accruals - Warranty Ac

Warranty Accruals - Warranty Accrual Activity (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 29, 2024	Feb. 28, 2023
Guarantees and Product Warranties [Abstract]
Balance at beginning of period	$ 24	$ 23.7	$ 25.6	$ 24
Charged to cost of revenue, net	1.1	1.7	4.7	2.9
Payments	(2.1)	(1)	(7.7)	(2.6)
Currency translation effect		0.1	0.4	0.2
Balance at end of period	$ 23	$ 24.5	$ 23	$ 24.5

Notes Payable, Net - Notes Paya

Notes Payable, Net - Notes Payable, Net (Detail) - USD ($) $ in Millions	Feb. 29, 2024	Feb. 01, 2024	Aug. 31, 2023
Debt Instrument [Line Items]
Other notes payable	$ 1.6		$ 1.8
Notes payable, gross	1,440.4		1,329.9
Debt discount and issuance costs	(18.6)		(18.2)
Notes payable, net	1,421.8		1,311.7
Leasing Nonrecourse Term Loans
Debt Instrument [Line Items]
Term loans	806		640.2
Senior Term Debt
Debt Instrument [Line Items]
Term loans	259		266.4
2.875% Convertible senior notes, due 2028
Debt Instrument [Line Items]
Convertible senior notes	$ 373.8		373.8
2.875% Convertible senior notes, due 2024
Debt Instrument [Line Items]
Convertible senior notes		$ 47.7	$ 47.7

Notes Payable, Net - Notes Pa_2

Notes Payable, Net - Notes Payable, Net (Parenthetical) (Details)	Feb. 29, 2024	Aug. 31, 2023	Feb. 28, 2023
2.875% Convertible senior notes, due 2028
Debt Instrument [Line Items]
Debt instrument, interest rate	2.875%	2.875%	2.875%
2.875% Convertible senior notes, due 2024
Debt Instrument [Line Items]
Debt instrument, interest rate	2.875%	2.875%	2.875%

Notes Payable, Net - Additional

Notes Payable, Net - Additional Information (Detail) - USD ($) $ in Millions		6 Months Ended
	Nov. 20, 2023	Feb. 29, 2024	Feb. 01, 2024	Aug. 31, 2023	Feb. 28, 2023
Debt Instrument [Line Items]
Debt instrument amount outstanding		$ 1,440.4		$ 1,329.9
Debt issuance costs, net		6.4		6.3
Leasing Nonrecourse Term Loans | Nonrecourse Senior Term Debt
Debt Instrument [Line Items]
Debt, Principal amount		343
Debt instrument amount outstanding		326.6
Leasing Nonrecourse Term Loans | Asset-Backed Term Notes
Debt Instrument [Line Items]
Debt, Principal amount		501.8
Debt instrument amount outstanding		$ 479.4
2.875% Convertible senior notes, due 2024
Debt Instrument [Line Items]
Convertible senior notes			$ 47.7	$ 47.7
Debt instrument, interest rate		2.875%		2.875%	2.875%
Debt instrument, maturity date		Feb. 01, 2024
GBX Leasing
Debt Instrument [Line Items]
Debt issuance costs, net	$ 2.2
GBX Leasing | 2023 GBXL Notes
Debt Instrument [Line Items]
Debt, Principal amount	$ 178.5
Debt instrument, maturity year	2053
Debt instruments additional interest rate per annum	4%
GBX Leasing | 2023 GBXL Notes | GBXL I Series 2023-1 Class A Secured Railcar Equipment Notes
Debt Instrument [Line Items]
Debt, Principal amount	$ 158.9
Debt instrument, interest rate	6.42%
Debt instrument, maturity date	Nov. 20, 2053
GBX Leasing | 2023 GBXL Notes | GBXL I Series 2023-1 Class B Secured Railcar Equipment Notes
Debt Instrument [Line Items]
Debt, Principal amount	$ 19.6
Debt instrument, interest rate	7.28%
Debt instrument, maturity date	Nov. 20, 2053
GBX Leasing | GBXL I Series 2022-1 Notes
Debt Instrument [Line Items]
Debt, Principal amount		$ 323.3

Notes Payable, Net - Summary of

Notes Payable, Net - Summary of Net Carrying Amount of Debt And Related Assets (Detail) - USD ($) $ in Millions	Feb. 29, 2024	Aug. 31, 2023	Feb. 28, 2023
Assets
Restricted cash	$ 20	$ 21	$ 19.7
Equipment on operating leases, net	1,160.5	1,000
Liabilities
Notes payable, net	1,421.8	1,311.7
Asset-Backed Term Notes
Assets
Restricted cash	7.4	6.7
Equipment on operating leases, net	645.2	388.9
Liabilities
Notes payable, net	$ 472	$ 302.1

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss - Components of Accumulated Other Comprehensive Loss, Net of Tax (Detail) $ in Millions	6 Months Ended
	Feb. 29, 2024 USD ($)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ 1,254.6
Ending balance	1,299.9
Unrealized Gain (Loss) on Derivative Financial Instruments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	27
Other comprehensive gain before reclassifications	7.1
Amounts reclassified from Accumulated other comprehensive loss	(7.5)
Ending balance	26.6
Foreign Currency Translation Adjustment
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(32.1)
Other comprehensive gain before reclassifications	(1.8)
Ending balance	(33.9)
Other
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(2.2)
Other comprehensive gain before reclassifications	0.6
Ending balance	(1.6)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(7.3)
Other comprehensive gain before reclassifications	5.9
Amounts reclassified from Accumulated other comprehensive loss	(7.5)
Ending balance	$ (8.9)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss - Amounts Reclassified out of Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 29, 2024	Feb. 28, 2023
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Interest and foreign exchange	$ 24.6	$ 21.6	$ 47.8	$ 41.2
Total before tax	(38.9)	(45.8)	(80.6)	(21.4)
Income tax expense	9.3	11.9	19.3	8.1
Unrealized (Gain) Loss on Derivative Financial Instruments | Reclassification out of Accumulated Other Comprehensive loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Total before tax	(5)	(2.3)	(9.4)	(3.1)
Income tax expense	1	0.7	1.9	1
Net of tax	(4)	(1.6)	(7.5)	(2.1)
Unrealized (Gain) Loss on Derivative Financial Instruments | Reclassification out of Accumulated Other Comprehensive loss | Foreign Exchange Contracts
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Revenue and Cost of revenue	(0.8)	0.1	(0.9)	0.3
Unrealized (Gain) Loss on Derivative Financial Instruments | Reclassification out of Accumulated Other Comprehensive loss | Interest rate swap contracts
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Interest and foreign exchange	$ (4.2)	$ (2.4)	$ (8.5)	$ (3.4)

Earnings Per Share - Reconcilia

Earnings Per Share - Reconciliation of Shares Used in Computation of Basic and Diluted Earnings Per Common Share (Detail) - shares shares in Thousands		3 Months Ended		6 Months Ended
		Feb. 29, 2024	Feb. 28, 2023	Feb. 29, 2024	Feb. 28, 2023
Earnings Per Share Disclosure [Line Items]
Weighted average basic common shares outstanding		31,117	32,588	31,071	32,654
Dilutive effect of convertible notes	[1]	563	821	694
Dilutive effect of restricted stock units	[2]	890	991	911	1,000
Weighted average diluted common shares outstanding		32,570	34,400	32,676	33,654
[1] The dilutive effect of the 2.875 % Convertible notes due 2024 was excluded for the six months ended February 28, 2023 as they were considered anti-dilutive under the “if converted” method as further discussed below. These notes were retired on February 1, 2024. Restricted stock units and restricted stock units subject to performance criteria, for which actual levels of performance above target have been achieved, are included in weighted average diluted common shares outstanding when the Company is in a net earnings position

Earnings Per Share - Reconcil_2

Earnings Per Share - Reconciliation of Shares Used in Computation of Basic and Diluted Earnings (Loss) Per Common Share (Parenthetical) (Detail)	Feb. 29, 2024	Aug. 31, 2023	Feb. 28, 2023
2.875% Convertible senior notes, due 2024
Earnings Per Share Disclosure [Line Items]
Debt instrument, interest rate	2.875%	2.875%	2.875%
2.875% Convertible senior notes, due 2028
Earnings Per Share Disclosure [Line Items]
Debt instrument, interest rate	2.875%	2.875%	2.875%

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail)	Feb. 29, 2024	Aug. 31, 2023	Feb. 28, 2023
2.875% Convertible senior notes, due 2024
Earnings Per Share Disclosure [Line Items]
Debt instrument, interest rate	2.875%	2.875%	2.875%
2.875% Convertible senior notes, due 2028
Earnings Per Share Disclosure [Line Items]
Debt instrument, interest rate	2.875%	2.875%	2.875%

Earnings Per Share - Approach t

Earnings Per Share - Approach to Calculate Diluted Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions		3 Months Ended		6 Months Ended
		Feb. 29, 2024	Feb. 28, 2023	Feb. 29, 2024	Feb. 28, 2023
Earnings Per Share Disclosure [Line Items]
Net earnings attributable to Greenbrier		$ 33.4	$ 33.1	$ 64.6	$ 16.4
Weighted average basic common shares outstanding		31,117	32,588	31,071	32,654
Basic earnings per share		$ 1.08	$ 1.01	$ 2.08	$ 0.5
Net Income (Loss)		$ 33.4	$ 33.1	$ 64.6	$ 16.4
Interest and debt issuance costs on the 2.875% convertible notes due 2024, net of tax		0.2	0.3	0.5
Earnings before interest and debt issuance costs on the 2.875% convertible notes due 2024		$ 33.6	$ 33.4	$ 65.1
Weighted average diluted common shares outstanding		32,570	34,400	32,676	33,654
Diluted earnings per common share	[1]	$ 1.03	$ 0.97	$ 1.99	$ 0.49
[1] Diluted earnings per share was calculated as follows: Earnings before interest and debt issuance costs on the 2.875 % convertible notes due 2024 Weighted average diluted common shares outstanding

Earnings Per Share - Approach_2

Earnings Per Share - Approach to Calculate Diluted Earnings Per Share (Parenthetical) (Detail)	Feb. 29, 2024	Aug. 31, 2023	Feb. 28, 2023
2.875% Convertible senior notes, due 2024
Earnings Per Share Disclosure [Line Items]
Debt instrument, interest rate	2.875%	2.875%	2.875%

Derivative Instruments - Additi

Derivative Instruments - Additional Information (Detail) $ in Millions	6 Months Ended
	Feb. 29, 2024 USD ($)
Foreign Exchange Contracts
Derivative [Line Items]
Aggregate derivative notional amount	$ 110.9
Amount reclassified to revenue or cost of revenue in the next year	2.1
Interest rate swap contracts
Derivative [Line Items]
Unrealized pre-tax gain (loss) that would be reclassified to reduce interest expense in the next year	13.7
Interest rate swap contracts | Derivatives maturing from June 2024 through January 2032
Derivative [Line Items]
Aggregate derivative notional amount	$ 608.6
Interest rate swap contracts | Derivatives maturing from June 2024 through January 2032 | Minimum
Derivative [Line Items]
Maturity date	2024-06
Interest rate swap contracts | Derivatives maturing from June 2024 through January 2032 | Maximum
Derivative [Line Items]
Maturity date	2032-01

Derivative Instruments - Fair V

Derivative Instruments - Fair Values of Derivative Instruments (Detail) - USD ($) $ in Millions	Feb. 29, 2024	Aug. 31, 2023
Designated as Hedging Instrument
Derivatives Fair Value [Line Items]
Asset Derivatives	$ 37.4	$ 37.4
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Accounts Receivable, after Allowance for Credit Loss	Accounts Receivable, after Allowance for Credit Loss
Liability Derivatives	$ 0.2	$ 0.2
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Accounts Payable and Accrued Liabilities
Designated as Hedging Instrument | Foreign Exchange Contracts
Derivatives Fair Value [Line Items]
Asset Derivatives	$ 5.3	$ 2.5
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Accounts Receivable, after Allowance for Credit Loss	Accounts Receivable, after Allowance for Credit Loss
Liability Derivatives	$ 0.1	$ 0.1
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Accounts Payable and Accrued Liabilities	Accounts Payable and Accrued Liabilities
Designated as Hedging Instrument | Interest rate swap contracts
Derivatives Fair Value [Line Items]
Asset Derivatives	$ 32.1	$ 34.9
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Accounts Receivable, after Allowance for Credit Loss	Accounts Receivable, after Allowance for Credit Loss
Liability Derivatives	$ 0.1	$ 0.1
Derivative Liability, Statement of Financial Position [Extensible Enumeration]		Accounts Payable and Accrued Liabilities
Not Designated as Hedging Instrument | Foreign Exchange Contracts
Derivatives Fair Value [Line Items]
Asset Derivatives		$ 0.5
Derivative Asset, Statement of Financial Position [Extensible Enumeration]		Accounts Receivable, after Allowance for Credit Loss
Derivative Liability, Statement of Financial Position [Extensible Enumeration]		Accounts Payable and Accrued Liabilities

Derivative Instruments - Effect

Derivative Instruments - Effect of Derivative Instruments on Statements of Income (Detail) - Cash Flow Hedging - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 29, 2024	Feb. 28, 2023
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in OCI on derivatives	$ 3.6	$ 9.9	$ 8.9	$ 22.1
Gain (loss) reclassified from accumulated OCI into income	5	2.3	9.4	3.1
Gain (loss) recognized on derivative (amount excluded from effectiveness testing)	0.9	$ 0.8	1.8	1.2
Foreign Exchange Forward
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in income on derivatives			$ 0.2	$ (0.3)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]		Interest And Foreign Exchange Net	Interest And Foreign Exchange Net	Interest And Foreign Exchange Net
Foreign Exchange Forward | Sales
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in OCI on derivatives	0.5	$ 0.5	$ 2.9	$ 2
Gain (loss) reclassified from accumulated OCI into income	$ 0.8	$ (0.5)	$ 1	$ (0.9)
Derivative Instrument, Gain (Loss) Reclassified from AOCI into Income, Effective Portion, Statement of Income or Comprehensive Income [Extensible Enumeration]	Revenue from Contract with Customer, Excluding Assessed Tax	Revenue from Contract with Customer, Excluding Assessed Tax	Revenue from Contract with Customer, Excluding Assessed Tax	Revenue from Contract with Customer, Excluding Assessed Tax
Gain (loss) recognized on derivative (amount excluded from effectiveness testing)	$ 0.6	$ 0.5	$ 1.2	$ 0.8
Foreign Exchange Forward | Cost Of Revenue
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in OCI on derivatives	(0.2)	0.8		1.1
Gain (loss) reclassified from accumulated OCI into income	$ 0	$ 0.4	$ (0.1)	$ 0.6
Derivative Instrument, Gain (Loss) Reclassified from AOCI into Income, Effective Portion, Statement of Income or Comprehensive Income [Extensible Enumeration]	Cost of Revenue	Cost of Revenue	Cost of Revenue	Cost of Revenue
Gain (loss) recognized on derivative (amount excluded from effectiveness testing)	$ 0.3	$ 0.3	$ 0.6	$ 0.4
Interest rate swap contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in OCI on derivatives	2.9	8.6	6	19
Gain (loss) reclassified from accumulated OCI into income	$ 4.2	$ 2.4	$ 8.5	$ 3.4
Derivative Instrument, Gain (Loss) Reclassified from AOCI into Income, Effective Portion, Statement of Income or Comprehensive Income [Extensible Enumeration]	Interest And Foreign Exchange Net	Interest And Foreign Exchange Net	Interest And Foreign Exchange Net	Interest And Foreign Exchange Net

Derivative Instruments - Effe_2

Derivative Instruments - Effects of Cash Flow Hedges Included in Statements of Income (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 29, 2024	Feb. 28, 2023
Derivative [Line Items]
Revenue	$ 862.7	$ 1,122	$ 1,671.5	$ 1,888.5
Cost of revenue	740.5	1,005.2	1,428	1,702.2
Interest and foreign exchange	24.6	21.6	47.8	41.2
Sales
Derivative [Line Items]
Amount of gain (loss) on cash flow hedge activity	0.8	(0.5)	1	(0.9)
Cost of Sales
Derivative [Line Items]
Amount of gain (loss) on cash flow hedge activity		0.4	(0.1)	0.6
Interest and Foreign Exchange
Derivative [Line Items]
Amount of gain (loss) on cash flow hedge activity	$ 4.2	$ 2.4	$ 8.5	$ 3.4

Segment Information - Additiona

Segment Information - Additional Information (Detail)	6 Months Ended
	Feb. 29, 2024 Segment
Segment Reporting [Abstract]
Number of reportable segments	3

Segment Information - Segments

Segment Information - Segments Internal Financial Reports (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 29, 2024	Feb. 28, 2023	Aug. 31, 2023
Segment Reporting Information [Line Items]
Revenue	$ 862.7	$ 1,122	$ 1,671.5	$ 1,888.5
Earnings (loss) from operations	63.5	67.4	128.4	62.6
Assets	4,043.6		4,043.6		$ 3,978.4
Manufacturing
Segment Reporting Information [Line Items]
Revenue	735.8	968.6	1,411.7	1,615.1
Maintenance Services
Segment Reporting Information [Line Items]
Revenue	75.2	98	159	183.5
Leasing & Management Services
Segment Reporting Information [Line Items]
Revenue	51.7	55.4	100.8	89.9
Corporate, Non-Segment
Segment Reporting Information [Line Items]
Earnings (loss) from operations	(33.1)	(26.7)	(59.4)	(49.2)
Intersegment Eliminations
Segment Reporting Information [Line Items]
Revenue	(70.9)	(103.5)	(138.8)	(156.7)
Earnings (loss) from operations	(3.8)	(8.9)	(8.5)	(12.9)
Intersegment Eliminations | Manufacturing
Segment Reporting Information [Line Items]
Revenue	61.5	96.8	120	141.3
Earnings (loss) from operations	3.7	8.8	8.4	12.8
Intersegment Eliminations | Maintenance Services
Segment Reporting Information [Line Items]
Revenue	9.1	6.2	18.3	14.7
Intersegment Eliminations | Leasing & Management Services
Segment Reporting Information [Line Items]
Revenue	0.3	0.5	0.5	0.7
Earnings (loss) from operations	0.1	0.1	0.1	0.1
Operating Segments | Manufacturing
Segment Reporting Information [Line Items]
Revenue	797.3	1,065.4	1,531.7	1,756.4
Earnings (loss) from operations	62.5	55.4	121.5	56
Assets	1,814.5		1,814.5		1,847
Operating Segments | Maintenance Services
Segment Reporting Information [Line Items]
Revenue	84.3	104.2	177.3	198.2
Earnings (loss) from operations	4.6	6.8	15.2	12.3
Assets	309.5		309.5		294.4
Operating Segments | Leasing & Management Services
Segment Reporting Information [Line Items]
Revenue	52	55.9	101.3	90.6
Earnings (loss) from operations	33.3	40.8	59.6	56.4
Assets	1,592.2		1,592.2		1,458.1
Operating Segments | Unallocated, including cash
Segment Reporting Information [Line Items]
Assets	327.4		327.4		$ 378.9
Reconciling Items
Segment Reporting Information [Line Items]
Earnings (loss) from operations			128.4	62.6
Reconciling Items | Manufacturing
Segment Reporting Information [Line Items]
Earnings (loss) from operations	58.8	46.6	113.1	43.2
Reconciling Items | Maintenance Services
Segment Reporting Information [Line Items]
Earnings (loss) from operations	4.6	6.8	15.2	12.3
Reconciling Items | Leasing & Management Services
Segment Reporting Information [Line Items]
Earnings (loss) from operations	$ 33.2	$ 40.7	$ 59.5	$ 56.3

Segment Information - Reconcili

Segment Information - Reconciliation of Earnings (Loss) from Operations to Earnings Before Income Tax and Earnings from Unconsolidated Affiliates (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 29, 2024	Feb. 28, 2023
Segment Reporting [Abstract]
Earnings from operations	$ 63.5	$ 67.4	$ 128.4	$ 62.6
Interest and foreign exchange	24.6	21.6	47.8	41.2
Earnings before income tax and earnings from unconsolidated affiliates	$ 38.9	$ 45.8	$ 80.6	$ 21.4

Leases - Additional Information

Leases - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 29, 2024	Feb. 28, 2023	Aug. 31, 2023
Lessor and Lessee, Lease, Description [Line Items]
Accumulated depreciation	$ 80.7		$ 80.7		$ 68
Depreciation expense	8.4	$ 6.8	$ 16.2	$ 12.8
Operating lease option to extend			options to extend up to 7 years
Leasing & Management Services
Lessor and Lessee, Lease, Description [Line Items]
Operating lease rental revenues	$ 30.5	$ 23.8	$ 58.1	$ 43.4
Operating Lease, Lease Income, Statement of Income or Comprehensive Income [Extensible Enumeration]	Revenue from Contract with Customer, Excluding Assessed Tax	Revenue from Contract with Customer, Excluding Assessed Tax	Revenue from Contract with Customer, Excluding Assessed Tax	Revenue from Contract with Customer, Excluding Assessed Tax
Car Hire Utilization Arrangements
Lessor and Lessee, Lease, Description [Line Items]
Operating lease rental revenues	$ 5.1	$ 4.9	$ 10.5	$ 9.7
Minimum
Lessor and Lessee, Lease, Description [Line Items]
Sublease period			1 year
Opreating lease remaining lease term			1 year
Maximum
Lessor and Lessee, Lease, Description [Line Items]
Sublease period			12 years
Opreating lease remaining lease term			75 years

Leases - Aggregate Minimum Futu

Leases - Aggregate Minimum Future Amounts Receivable Under All Non-Cancelable Operating Leases and Subleases (Detail) $ in Millions	Feb. 29, 2024 USD ($)
Leases [Abstract]
Remaining six months of 2024	$ 48.5
2025	87.9
2026	79
2027	69.3
2028	53.3
Thereafter	107.7
Operating Leases, Future Minimum Payments Receivable, Total	$ 445.7

Leases - Components of Operatin

Leases - Components of Operating Lease Costs (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 29, 2024	Feb. 28, 2023
Leases [Abstract]
Operating lease expense	$ 4.2	$ 3.1	$ 8.4	$ 6.4
Short-term lease expense	1.7	2.6	3.8	4.4
Total	$ 5.9	$ 5.7	$ 12.2	$ 10.8

Leases - Aggregate Minimum Fu_2

Leases - Aggregate Minimum Future Amounts Payable Under Operating Leases (Detail) - USD ($) $ in Millions	Feb. 29, 2024	Aug. 31, 2023
Leases [Abstract]
Remaining six months of 2024	$ 7.7
2025	14.2
2026	13.4
2027	10.6
2028	9.7
Thereafter	23.9
Total lease payments	79.5
Less: Imputed interest	(7.6)
Operating Lease, Liability	$ 71.9	$ 72.2
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Accounts payable and accrued liabilities	Accounts payable and accrued liabilities

Leases - Additional Informati_2

Leases - Additional Information Related to Company's Leases (Detail)	Feb. 29, 2024
Leases [Abstract]
Weighted average remaining lease term (years)	10 years 7 months 6 days
Weighted average discount rate	2.70%

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information Related to Leases (Detail) $ in Millions	6 Months Ended
	Feb. 29, 2024 USD ($)
Cash Flow, Operating Activities, Lessee [Abstract]
Operating cash flows from operating leases	$ 8.8
ROU assets obtained in exchange for new operating lease liabilities	$ 7.6

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($)		204 Months Ended
	Jan. 06, 2017	Dec. 31, 2016	Feb. 29, 2024
Commitments and Contingencies Disclosure [Line Items]
Remedial investigation and feasibility study		$ 110,000,000
Performance Guarantee
Commitments and Contingencies Disclosure [Line Items]
Letter of credit facility outstanding amount			$ 7,100,000
Portland Harbor Superfund Site
Commitments and Contingencies Disclosure [Line Items]
Estimated undiscounted cost	$ 1,700,000,000
Period for remedial action	13 years
Period for monitoring	30 years
Portland Harbor Superfund Site | Minimum
Commitments and Contingencies Disclosure [Line Items]
Accuracy of cost estimate	(30.00%)
Portland Harbor Superfund Site | Maximum
Commitments and Contingencies Disclosure [Line Items]
Accuracy of cost estimate	50%

Fair Value Measures - Assets an

Fair Value Measures - Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Millions		Feb. 29, 2024	Aug. 31, 2023
Assets:
Nonqualified savings plan investments		$ 56.4	$ 47.7
Fair Value, Measurements, Recurring
Assets:
Derivative financial instruments		37.4	37.9
Nonqualified savings plan investments		56.4	47.7
Cash equivalents		52	51.2
Assets, Fair Value Disclosure, Total		145.8	136.8
Liabilities:
Derivative financial instruments		0.2	0.2
Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring
Assets:
Nonqualified savings plan investments		56.4	47.7
Cash equivalents		52	51.2
Assets, Fair Value Disclosure, Total		108.4	98.9
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring
Assets:
Derivative financial instruments	[1]	37.4	37.9
Assets, Fair Value Disclosure, Total	[1]	37.4	37.9
Liabilities:
Derivative financial instruments	[1]	$ 0.2	$ 0.2
[1] Level 2 assets and liabilities include derivative financial instruments that are valued based on observable inputs. See Note 11 - Derivative Instruments for further discussion.

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - Axis LLC - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 29, 2024	Feb. 28, 2023
Related Party Transaction [Line Items]
Percentage of ownership in entity	41.90%		41.90%
Railcar Components
Related Party Transaction [Line Items]
Purchases of goods from related party	$ 2.5	$ 1.8	$ 4.8	$ 4.5