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DERIVATIVES (Tables)
 12 Months Ended
Aug. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Commodity Contract Commitments
The following table provides information regarding the Company's commodity contract commitments as of August 31, 2025:
CommodityPositionTotal
CopperLong261  MT
CopperShort6,169  MT
ElectricityLong2,859,000 MW(h)
Natural GasLong4,832,000 MMBtu
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MT = Metric ton
MW(h) = Megawatt hour
MMBtu = Million British thermal unit
The following table summarizes the effects of derivatives not designated as hedging instruments on the consolidated statements of earnings. All other activity related to these derivatives was immaterial for the periods presented.
Year Ended August 31,
Gain (Loss) on Derivatives Not Designated as Hedging Instruments (in thousands)Primary Location202520242023
CommodityCost of goods sold$1,928 $(10,195)$(3,028)
Foreign exchangeSG&A expenses11,865 6,974 12,265 
The following table summarizes the effects of derivatives designated as cash flow hedging instruments on the consolidated statements of comprehensive income and consolidated statements of earnings. The amounts presented exclude the effects of foreign currency translation adjustments.
Effective Portion of Derivatives Designated as Cash Flow Hedging Instruments Gain (Loss) Recognized in OCI, Net of Income Taxes (in thousands)Year Ended August 31,
202520242023
Commodity$16,926 $(129,709)$6,367 
Foreign exchange18 31 28 

Gain on Derivatives Designated as Cash Flow Hedging Instruments Reclassified from AOCL into Net Earnings (in thousands)Year Ended August 31,
Primary Location202520242023
CommodityCost of goods sold$6,661 $2,031 $11,325 
Foreign exchangeSG&A expenses143 250 244 
Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location
The following table summarizes the location and fair value amounts of the Company's derivative instruments as reported in the consolidated balance sheets:

(in thousands)Primary LocationAugust 31, 2025August 31, 2024
Derivative assets:
CommodityPrepaid and other current assets$14,957 $9,823 
CommodityOther noncurrent assets43,944 30,402 
Foreign exchangePrepaid and other current assets4,809 419 
Derivative liabilities:
CommodityOther accrued expenses and payables$282 $3,445 
CommodityOther noncurrent liabilities— 157 
Foreign exchangeOther accrued expenses and payables809 1,885 
Foreign exchangeOther noncurrent liabilities12 —