XML 25 R55.htm IDEA: XBRL DOCUMENT v2.4.0.8
Notes Payable and Long-Term Debt - Footnote Narrative (Details) (USD $)
Aug. 31, 2014
Aug. 31, 2013
Debt Instrument [Line Items]    
Notes payable $ 1,159,473,000 [1] $ 889,312,000 [1]
Five-year revolving facilities | Line of credit | Revolving credit facility
   
Debt Instrument [Line Items]    
Line of Credit Facility, Current Borrowing Capacity 2,500,000,000  
Line of credit facility, amount outstanding 0  
Three-Year Revolving Facility [Member] | Line of credit | Revolving credit facility
   
Debt Instrument [Line Items]    
Line of Credit Facility, Current Borrowing Capacity 250,000,000  
Line of Credit Facility, Fair Value of Amount Outstanding 250,000,000  
Uncommitted lines of credit | Line of credit | Revolving credit facility
   
Debt Instrument [Line Items]    
Long-term Line of Credit, Noncurrent 327,300,000  
Other international subsidiaries, lines of credit | Line of credit | Revolving credit facility
   
Debt Instrument [Line Items]    
Line of credit facility, amount outstanding 263,100,000  
Line Of Credit, Collateralized Amount 39,000,000  
Credit facilities, commercial paper programs | Line of credit | Revolving credit facility
   
Debt Instrument [Line Items]    
Line of Credit Facility, Current Borrowing Capacity 125,000,000  
Long-term Line of Credit, Noncurrent 0  
Line of credit facility maximum usage allowed to pay principal 200,000,000  
Miscellaneous short-term notes payable | Line of credit | Revolving credit facility
   
Debt Instrument [Line Items]    
Line of credit facility, amount outstanding 300,000  
Revolving term loans from cooperative and other banks | Line of credit | Revolving credit facility
   
Debt Instrument [Line Items]    
Interest rate 5.59%  
Private placement, payable in equal installments beginning in 2014 through 2018 | Unsecured debt
   
Debt Instrument [Line Items]    
Interest rate 6.18%  
Private placement, payable in installments through 2018 | Unsecured debt
   
Debt Instrument [Line Items]    
Interest rate 5.60%  
Private placement, payable in equal installments beginning in 2011 through 2015 | Unsecured debt
   
Debt Instrument [Line Items]    
Interest rate 5.25%  
Private placement, note purchase and private shelf agreement with Prudential Capital Group, payable in equal installments beginning in 2014 through 2018 | Notes Payable, Other Payables [Member]
   
Debt Instrument [Line Items]    
Interest rate 5.78%  
Private placement, note purchase and private shelf agreement with Prudential Capital Group, payable in equal installments beginning in 2017 through 2021 | Notes Payable, Other Payables [Member]
   
Debt Instrument [Line Items]    
Interest rate 4.00%  
Other notes and contracts | Secured debt
   
Debt Instrument [Line Items]    
Long-term debt, gross 14,300,000  
CHS Capital notes payable
   
Debt Instrument [Line Items]    
Notes payable, weighted average interest rate 1.07% [2] 1.23% [2]
Notes payable 318,774,000 [2] 367,448,000 [2]
Short-term notes payable, note purchase agreements | Notes Payable, Other Payables [Member] | Cofina Funding, LLC
   
Debt Instrument [Line Items]    
Line of credit facility, amount outstanding 0  
Short-term bank loans and notes payable current borrowing capacity 350,000,000  
Notes Payable, Other Payables [Member]
   
Debt Instrument [Line Items]    
Notes payable, weighted average interest rate 1.69% [1] 2.00% [1]
Notes Payable, Other Payables [Member] | Cofina Funding, LLC
   
Debt Instrument [Line Items]    
Notes payable, weighted average interest rate 1.05% [1]  
Notes Payable, Other Payables [Member] | Revolving credit facility
   
Debt Instrument [Line Items]    
Notes payable 840,699,000 [1] 521,864,000 [1]
Master participation agreements | Notes Payable, Other Payables [Member]
   
Debt Instrument [Line Items]    
Short-term bank loans and notes payable current borrowing capacity 164,500,000  
Notes payable 17,600,000  
Master participation agreements | Notes Payable, Other Payables [Member] | Minimum
   
Debt Instrument [Line Items]    
Interest rate 1.81%  
Master participation agreements | Notes Payable, Other Payables [Member] | Maximum
   
Debt Instrument [Line Items]    
Interest rate 2.66%  
Recourse loan commitments | Notes Payable, Other Payables [Member]
   
Debt Instrument [Line Items]    
Short-term bank loans and notes payable current borrowing capacity 102,800,000  
Short-term debt, maximum borrowing capacity 300,000,000  
Notes payable 64,600,000  
Interest rate 1.58%  
Short-Term Notes Payable, Surplus Funds Program [Member] | Notes Payable, Other Payables [Member]
   
Debt Instrument [Line Items]    
Notes payable $ 236,600,000  
Short-Term Notes Payable, Surplus Funds Program [Member] | Notes Payable, Other Payables [Member] | Minimum
   
Debt Instrument [Line Items]    
Interest rate 0.10%  
Short-Term Notes Payable, Surplus Funds Program [Member] | Notes Payable, Other Payables [Member] | Maximum
   
Debt Instrument [Line Items]    
Interest rate 0.90%  
[1] ur primary committed line of credit is a $2.5 billion five-year, unsecured revolving credit facility expiring in June 2018, with a syndication of domestic and international banks, with no amounts outstanding as of August 31, 2014. In October 2013, we entered into a three-year $250.0 million committed revolving credit facility for CHS Agronegocio Industria e Comercio Ltda (CHS Agronegocio) to provide financing for its working capital needs arising from its purchases and sales of grains, fertilizers and other agricultural products. As of August 31, 2014 the full $250.0 million is outstanding.Our wholly-owned subsidiaries, CHS Europe S.a.r.l and CHS Agronegocio, have uncommitted lines of credit to finance their normal trading activities with $327.3 million outstanding as of August 31, 2014. In addition, other international subsidiaries had lines of credit totaling $263.1 million outstanding as of August 31, 2014, of which $39.0 million was collateralized. We have two commercial paper programs totaling up to $125.0 million with two banks participating in the revolving credit facilities. Terms of our credit facilities allow a maximum usage of $200.0 million to pay principal under any commercial paper facility. On August 31, 2014 we had no commercial paper outstanding. Miscellaneous short-term notes payable totaled $0.3 million as of August 31, 2014.
[2] Cofina Funding, LLC (Cofina Funding), a wholly-owned subsidiary of CHS Capital, has available credit totaling $350.0 million as of August 31, 2014, under note purchase agreements with various purchasers, through the issuance of short-term notes payable. CHS Capital sells eligible commercial loans receivable it has originated to Cofina Funding, which are then pledged as collateral under the note purchase agreements. The notes payable issued by Cofina Funding bear interest at variable rates based on commercial paper with a weighted average rate of 1.05% as of August 31, 2014. There were no borrowings by Cofina Funding utilizing the issuance of commercial paper under the note purchase agreements as of August 31, 2014. CHS Capital has available credit under master participation agreements with numerous counterparties. Borrowings under these agreements are accounted for as secured borrowings and bear interest at variable rates ranging from 1.81% to 2.66% as of August 31, 2014. As of August 31, 2014, the total funding commitment under these agreements was $164.5 million, of which $17.6 million was borrowed. CHS Capital sells loan commitments it has originated to ProPartners Financial (ProPartners) on a recourse basis. The total capacity for commitments under the ProPartners program is $300.0 million. The total outstanding commitments under the program totaled $102.8 million as of August 31, 2014, of which $64.6 million was borrowed under these commitments with an interest rate of 1.58%. CHS Capital borrows funds under short-term notes issued as part of a surplus funds program. Borrowings under this program are unsecured and bear interest at variable rates ranging from 0.10% to 0.90% as of August 31, 2014, and are due upon demand. Borrowings under these notes totaled $236.6 million as of August 31, 2014.