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DERIVATIVES (Tables)

3 Months Ended

Nov. 30, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Commodity contract commitments

The following table provides information regarding the Company's commodity contract commitments at November 30, 2024:

Commodity

Position

Total

Aluminum

Long

2,775

MT

Aluminum

Short

1,275

MT

Copper

Long

181

MT

Copper

Short

9,741

MT

Electricity

Long

3,056,000

MW(h)

Natural Gas

Long

5,070,750

MMBtu

__________________________________

MT = Metric ton

MW(h) = Megawatt hour

MMBtu = Million British thermal unit

Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location

The following table summarizes the location and amounts of the fair value of the Company's derivative instruments reported in the condensed consolidated balance sheets:

(in thousands)						Primary Location						November 30, 2024						August 31, 2024
Derivative assets:
Commodity						Prepaid and other current assets						$	11,254					$	9,823
Commodity						Other noncurrent assets						26,945						30,402
Foreign exchange						Prepaid and other current assets						1,746						419
Derivative liabilities:
Commodity						Other accrued expenses and payables						$	1,932					$	3,445
Commodity						Other noncurrent liabilities						38						157
Foreign exchange						Other accrued expenses and payables						441						1,885

Derivative instruments, gain (loss)

The following table summarizes activities related to the Company's derivatives not designated as hedging instruments recognized in the condensed consolidated statements of earnings (loss). All other activity related to the Company's derivatives not designated as hedging instruments was immaterial for the periods presented.

Gain (Loss) on Derivatives Not Designated as Hedging Instruments (in thousands)												Three Months Ended November 30,
						Primary Location						2024						2023
Commodity						Cost of goods sold						$	3,742					$	(72)
Foreign exchange						SG&A expenses						(3,172)						3,539

The following tables summarize activities related to the Company's derivatives designated as cash flow hedging instruments recognized in the condensed consolidated statements of comprehensive income (loss) and condensed consolidated statements of earnings (loss). Amounts presented do not include 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)						Three Months Ended November 30,
						2024						2023
Commodity						$	412					$	(42,952)
Foreign exchange						8						7

Gain on Derivatives Designated as Cash Flow Hedging Instruments Reclassified from AOCI into Net Earnings (Loss) (in thousands)												Three Months Ended November 30,
						Primary Location						2024						2023
Commodity						Cost of goods sold						$	1,573					$	1,765
Foreign exchange						SG&A expenses						65						61

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Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

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Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

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