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DERIVATIVES (Tables)
 9 Months Ended
May 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 May 31, 2025:
CommodityPosition   Total
CopperLong1,142  MT
CopperShort9,247  MT
ElectricityLong2,917,000 MW(h)
Natural GasLong4,662,000 MMBtu
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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 as reported in the condensed consolidated balance sheets:
(in thousands)Primary LocationMay 31, 2025August 31, 2024
Derivative assets:
CommodityPrepaid and other current assets$13,621 $9,823 
CommodityOther noncurrent assets56,691 30,402 
Foreign exchangePrepaid and other current assets1,428 419 
Derivative liabilities:
CommodityOther accrued expenses and payables$168 $3,445 
CommodityOther noncurrent liabilities— 157 
Foreign exchangeOther accrued expenses and payables1,323 1,885 
Foreign exchangeOther noncurrent liabilities13 — 
Derivative instruments, gain (loss)
The following table summarizes the effects of derivatives not designated as hedging instruments on 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 May 31,Nine Months Ended May 31,
Primary Location2025202420252024
CommodityCost of goods sold$943 $(19,667)$(3,799)$(18,957)
Foreign exchangeSG&A expenses6,108 2,141 8,122 6,123 

The following tables summarize the effects of derivatives designated as cash flow hedging instruments on 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 May 31,Nine Months Ended May 31,
2025202420252024
Commodity$6,374 $(29,567)$29,476 $(120,451)
Foreign exchange4 8 17 23 
Gain (Loss) on Derivatives Designated as Cash Flow Hedging Instruments Reclassified from AOCL into Net Earnings (Loss) (in thousands)
Three Months Ended May 31,Nine Months Ended May 31,
Primary Location2025202420252024
CommodityCost of goods sold$1,432 $(797)$6,003 $1,104 
Foreign exchangeSG&A expenses31 63 138 185