| Accounting Policies [Abstract] | Period [Axis] |
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2015-09-01 - 2016-08-31 |
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Accounting Policies [Abstract] | |
Schedule of Inventory | Inventories include materials, direct labor, in-bound freight, and related manufacturing overhead, are stated at the lower of cost (on a first-in, first-out or average cost basis) or market, and consist of the following: | | | | | | | | | | August 31, | | 2016 | | 2015 | Raw materials, supplies, and work in process(1) | $ | 170.3 |
| | $ | 125.7 |
| Finished goods | 145.3 |
| | 113.9 |
| | 315.6 |
| | 239.6 |
| Less: Reserves | (20.4 | ) | | (14.8 | ) | Total Inventory | $ | 295.2 |
| | $ | 224.8 |
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_______________________________________ | | (1) | Due to the immaterial amount of estimated work in process and the short lead times for the conversion of raw materials to finished goods, the Company does not believe the segregation of raw materials and work in process to be meaningful information. |
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Schedule of Goodwill | The change in the carrying amount of goodwill during fiscal 2016 is summarized as follows: | | | | | Balance as of August 31, 2015 | $ | 565.0 |
| Additions from acquired businesses | 381.5 |
| Foreign currency translation adjustments | 1.3 |
| Balance as of August 31, 2016 | $ | 947.8 |
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Schedule of Acquired Intangible Assets | Summarized information for the Company’s acquired intangible assets is as follows: | | | | | | | | | | | | | | | | | | August 31, | | 2016 | | 2015 | | Gross Carrying Amount | | Accumulated Amortization | | Gross Carrying Amount | | Accumulated Amortization | Definite-lived intangible assets: | |
| | |
| | |
| | |
| Patents and patented technology | $ | 112.3 |
| | $ | (39.9 | ) | | $ | 72.7 |
| | $ | (30.3 | ) | Trademarks and trade names | 27.2 |
| | (10.7 | ) | | 25.4 |
| | (9.7 | ) | Distribution network | 61.8 |
| | (33.0 | ) | | 61.8 |
| | (30.8 | ) | Customer relationships | 157.9 |
| | (29.3 | ) | | 55.2 |
| | (20.8 | ) | Other | 4.9 |
| | (4.8 | ) | | 5.1 |
| | (4.7 | ) | Total | $ | 364.1 |
| | $ | (117.7 | ) | | $ | 220.2 |
| | $ | (96.3 | ) | Indefinite-lived trade names | $ | 135.0 |
| | |
| | $ | 99.5 |
| | |
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Schedule of Other Long-Term Assets | Other long-term assets consist of the following: | | | | | | | | | | August 31, | | 2016 | | 2015 | Deferred contract costs | $ | 8.3 |
| | $ | 10.7 |
| Capitalized software costs(1) | 0.8 |
| | 1.6 |
| Investment in noncontrolling affiliate(2) | 8.0 |
| | 8.0 |
| Other(3) | 5.9 |
| | 6.8 |
| Total | $ | 23.0 |
| | $ | 27.1 |
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_______________________________________ | | (1) | The Company recorded amortization expense related to capitalized software costs of $0.3, $0.4, and $0.4 in fiscal 2016, 2015, and 2014, respectively. |
| | (2) | The Company holds an equity investment in an unconsolidated affiliate. This strategic investment represents less than a 20% ownership interest in the privately-held affiliate, and the Company does not maintain power over or control of the entity. The Company accounts for this investment using the cost method. Subsequent to fiscal 2016, this investment was sold resulting in the recognition of a gain. |
| | (3) | Other - Amounts primarily include deferred debt issuance costs related to its revolving credit facility and company-owned life insurance investments. The Company maintains life insurance policies on 74 former employees primarily to satisfy obligations under certain deferred compensation plans. These company-owned life insurance policies are presented net of loans that are secured by these policies. This program is frozen and no new policies were issued in the three-year period ended August 31, 2016. |
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Schedule of Other Long-Term Liabilities | Other long-term liabilities consist of the following: | | | | | | | | | | August 31, | | 2016 | | 2015 | Deferred compensation and postretirement benefits other than pensions(1) | $ | 37.3 |
| | $ | 34.1 |
| Long-term warranty obligations | 4.9 |
| | 2.5 |
| Unrecognized tax position liabilities, including interest(2) | 6.1 |
| | 5.2 |
| Multi-employer pension plan withdrawal liabilities | 3.9 |
| | 0.2 |
| Other(3) | 6.8 |
| | 9.2 |
| Total | $ | 59.0 |
| | $ | 51.2 |
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_______________________________________ | | (1) | Deferred compensation and postretirement benefits other than pensions — The Company maintains several non-qualified retirement plans for the benefit of eligible employees, primarily deferred compensation plans. The deferred compensation plans provide for elective deferrals of an eligible employee’s compensation and, in some cases, matching contributions by the Company. In addition, one plan provides for an automatic contribution by the Company of 3% of an eligible employee’s compensation. The Company maintains life insurance policies on certain current and former officers and other key employees as a means of satisfying a portion of these obligations. |
| | (2) | See the Income Taxes footnote for more information. |
| | (3) | Other - Amount primarily includes deferred revenue and deferred rent. |
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Schedule of Interest Expense, Net | The following table summarizes the components of interest expense, net: | | | | | | | | | | | | | | Years Ended August 31, | | 2016 | | 2015 | | 2014 | Interest expense | $ | 33.3 |
| | $ | 32.6 |
| | $ | 32.6 |
| Interest income | (1.1 | ) | | (1.1 | ) | | (0.5 | ) | Interest expense, net | $ | 32.2 |
| | $ | 31.5 |
| | $ | 32.1 |
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Schedule of Accumulated Other Comprehensive Income (Loss) | The following table presents the changes in each component of Accumulated Other Comprehensive Loss Items, net of tax. | | | | | | | | | | | | | | Foreign Currency Items | | Defined Benefit Pension Plans | | Accumulated Other Comprehensive Loss Items | Balance at August 31, 2015 | $ | (42.1 | ) | | $ | (68.3 | ) | | $ | (110.4 | ) | Other comprehensive loss before reclassifications | (5.6 | ) | | (28.7 | ) | | (34.3 | ) | Amounts reclassified from accumulated other comprehensive income | — |
| | 5.3 |
| | 5.3 |
| Net current-period other comprehensive loss | (5.6 | ) | | (23.4 | ) | | (29.0 | ) | Balance at August 31, 2016 | $ | (47.7 | ) | | $ | (91.7 | ) | | $ | (139.4 | ) |
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Schedule of Comprehensive Income (Loss) | The following table presents the tax (expense)/benefit allocated to each component of other comprehensive income (expense). | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Years Ended August 31, | | 2016 | | 2015 | | 2014 | | Before Tax Amount | | Tax (Expense) or Benefit | | Net of Tax Amount | | Before Tax Amount | | Tax (Expense) or Benefit | | Net of Tax Amount | | Before Tax Amount | | Tax (Expense) or Benefit | | Net of Tax Amount | Foreign Currency Translation Adjustments | $ | (5.6 | ) | | $ | — |
| | $ | (5.6 | ) | | $ | (24.0 | ) | | $ | — |
| | $ | (24.0 | ) | | $ | 0.7 |
| | $ | — |
| | $ | 0.7 |
| Defined Benefit Pension Plans: | | | | | | | | | | | | | | | | | | Actuarial losses | (42.2 | ) | | 13.5 |
| | (28.7 | ) | | (27.9 | ) | | 10.7 |
| | (17.2 | ) | | (18.2 | ) | | 5.6 |
| | (12.6 | ) | Amortization of defined benefit pension items: | | | | | | | | | | | | | | | | | | Prior service cost (1) | 3.1 |
| | (1.1 | ) | | 2.0 |
| | 1.4 |
| | (0.6 | ) | | 0.8 |
| | 0.8 |
| | (0.3 | ) | | 0.5 |
| Actuarial losses (1) | 4.9 |
| | (1.6 | ) | | 3.3 |
| | 4.1 |
| | (2.2 | ) | | 1.9 |
| | 3.1 |
| | (1.0 | ) | | 2.1 |
| Total Defined Benefit Plans, net | (34.2 | ) | | 10.8 |
| | (23.4 | ) | | (22.4 | ) | | 7.9 |
| | (14.5 | ) | | (14.3 | ) | | 4.3 |
| | (10.0 | ) | Other Comprehensive Income (Loss) | $ | (39.8 | ) | | $ | 10.8 |
| | $ | (29.0 | ) | | $ | (46.4 | ) | | $ | 7.9 |
| | $ | (38.5 | ) | | $ | (13.6 | ) | | $ | 4.3 |
| | $ | (9.3 | ) |
_______________________________________ | | (1) | The before tax amount of these other comprehensive income components is included in net periodic pension cost. See the Pension and Defined Contribution Plans footnote for additional details. |
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