XML 89 R74.htm IDEA: XBRL DOCUMENT v3.22.2.2
CREDIT ARRANGEMENTS (Narrative) (Details)
zł in Thousands
 1 Months Ended 12 Months Ended
Feb. 28, 2022
USD ($)
Aug. 31, 2022
USD ($)
Aug. 31, 2022
PLN (zł)
Aug. 31, 2021
USD ($)
Aug. 31, 2020
USD ($)
Aug. 31, 2022
PLN (zł)
Jan. 31, 2022
USD ($)
Aug. 31, 2021
PLN (zł)
Feb. 28, 2021
USD ($)
Debt Instrument [Line Items]                  
Loss on debt extinguishment   $ 16,052,000   $ 16,841,000 $ 1,778,000        
Total long-term debt including current maturities   1,513,703,000   1,077,922,000          
Interest costs capitalized   11,900,000   2,800,000 $ 2,500,000        
Less debt issuance costs   16,496,000   8,141,000     $ 9,400,000    
CMCP                  
Debt Instrument [Line Items]                  
Maximum borrowing capacity   63,900,000   78,300,000       zł 300,000  
Revolving credit agreement                  
Debt Instrument [Line Items]                  
Revolving credit facility, maximum borrowing capacity   650,000,000              
Revolving line of credit outstanding amount   $ 0   0          
Minimum interest coverage ratio   2.50 2.50            
Maximum debt to capitalization ratio   0.60 0.60            
Actual interest coverage ratio   34.48       34.48      
Actual debt to capitalization ratio   0.31       0.31      
Revolving credit agreement | CMCP                  
Debt Instrument [Line Items]                  
Revolving line of credit outstanding amount | zł           zł 0      
Borrowings under uncommitted lines of credit | zł     zł 0            
Stand-by letters of credit                  
Debt Instrument [Line Items]                  
Maximum borrowing capacity   $ 50,000,000              
Stand by letters of credit outstanding amount   1,400,000   3,000,000          
Standby Letters of Credit | CMCP                  
Debt Instrument [Line Items]                  
Stand by letters of credit outstanding amount   1,000,000   5,700,000          
U.S. Facility                  
Debt Instrument [Line Items]                  
Trade accounts receivable   150,000,000              
Short-term borrowings                  
Debt Instrument [Line Items]                  
Total long-term debt including current maturities   $ 26,390,000   $ 26,560,000          
2027 Notes                  
Debt Instrument [Line Items]                  
Weighted average interest rate   5.375%   5.375%   5.375%   5.375%  
Loss on debt extinguishment $ 16,100,000                
Total long-term debt including current maturities   $ 0   $ 300,000,000          
2026 Notes                  
Debt Instrument [Line Items]                  
Weighted average interest rate                 5.75%
Loss on debt extinguishment       16,800,000          
Total long-term debt including current maturities                 $ 350,000,000
2023 Notes                  
Debt Instrument [Line Items]                  
Weighted average interest rate   4.875%       4.875%      
Total long-term debt including current maturities   $ 330,000,000   330,000,000          
Poland Term Loan | CMCP                  
Debt Instrument [Line Items]                  
Revolving line of credit outstanding amount       49,700,000       zł 190,500  
Total long-term debt including current maturities   $ 32,400,000       zł 152,400      
Poland Term Loan | Revolving credit agreement                  
Debt Instrument [Line Items]                  
Weighted average interest rate   8.53%       8.53%      
Total long-term debt including current maturities   $ 32,439,000   49,726,000          
$300 million notes at 3.875% due February 2031                  
Debt Instrument [Line Items]                  
Weighted average interest rate   3.875%       3.875%      
Total long-term debt including current maturities   $ 300,000,000   300,000,000          
Less debt issuance costs                 $ 4,900,000
$300 million notes at 4.125% due February 2030                  
Debt Instrument [Line Items]                  
Weighted average interest rate   4.125%       4.125%      
Total long-term debt including current maturities   $ 300,000,000   0          
$300 million notes at 4.375% due March 2032                  
Debt Instrument [Line Items]                  
Weighted average interest rate   4.375%       4.375%      
Total long-term debt including current maturities   $ 300,000,000   0          
Series 2022 Bonds, due 2047                  
Debt Instrument [Line Items]                  
Term loan, maximum principal amount $ 145,100,000                
Weighted average interest rate 4.00% 4.00%       4.00%      
Total long-term debt including current maturities   $ 145,060,000   0          
Less debt issuance costs $ 3,100,000                
Bonds, effective yield (interest rate) 0.035                
Proceeds from issuance of debt $ 150,000,000                
U.S. Program                  
Debt Instrument [Line Items]                  
Transfers of Accounts Receivable Outstanding   0   0          
Poland Program                  
Debt Instrument [Line Items]                  
Transfer of Accounts Receivable Program, Face Amount   61,300,000   75,200,000       288,000  
Transfers of Accounts Receivable Outstanding   $ 26,400,000   $ 26,600,000   zł 124,000   zł 101,700  
Poland Program | Short-term borrowings                  
Debt Instrument [Line Items]                  
Weighted average interest rate   7.26%       7.26%      
U.S. Program with Consent of CMCRV and Program Administrative Agent                  
Debt Instrument [Line Items]                  
Transfer of Accounts Receivable Program, Face Amount   $ 300,000,000              
Credit Agreement Maturing March 2026 | Revolving credit agreement                  
Debt Instrument [Line Items]                  
Maximum borrowing capacity   $ 400,000,000