XML 40 R53.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Fair Value Measurements Recurring Fair Value Measurements by Level (Details) (USD $) In Thousands, unless otherwise specified | 6 Months Ended |  |
--- | --- | --- | ---
Feb. 28, 2014 | Aug. 31, 2013 | Feb. 28, 2013
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |  |  |
Derivative Asset, Fair Value, Gross Asset | $ 621,523 | $ 499,890 | $ 501,178
Derivative Liability, Fair Value, Gross Liability | 553,693 | 465,066 | 429,975
Fair Value Measurements, Recurring and Nonrecurring |
| February 28, 2014
| Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Total
| (Dollars in thousands)
Assets: |  |  |  |  |  |  |  |  |  |
Readily marketable inventories |  |  |  | $ | 1,318,428 |  |  |  |  | $ | 1,318,428 |
Commodity and freight derivatives | $ | 57,638 |  |  | 557,540 |  |  |  |  | 615,178 |
Foreign currency derivatives | 6,345 |  |  |  |  |  |  |  | 6,345 |
Other assets | 114,261 |  |  |  |  |  |  |  | 114,261 |
Total Assets | $ | 178,244 |  |  | $ | 1,875,968 |  |  |  |  | $ | 2,054,212 |
Liabilities: |  |  |  |  |  |  |  |  |  |
Commodity and freight derivatives | $ | 90,989 |  |  | $ | 459,881 |  |  |  |  | $ | 550,870 |
Interest rate swap derivatives |  |  |  | 194 |  |  |  |  | 194 |
Foreign currency derivatives | 2,629 |  |  |  |  |  |  |  | 2,629 |
Accrued liability for contingent crack spread payments related to purchase of noncontrolling interests |  |  |  |  |  |  | $ | 140,631 |  |  | 140,631 |
Total Liabilities | $ | 93,618 |  |  | $ | 460,075 |  |  | $ | 140,631 |  |  | $ | 694,324 |
| August 31, 2013
| Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Total
| (Dollars in thousands)
Assets: |  |  |  |  |  |  |
Readily marketable inventories |  |  | $ | 1,203,383 |  |  |  |  | $ | 1,203,383 |
Commodity and freight derivatives | $ | 58,441 |  |  | 410,233 |  |  |  |  | 468,674 |
Interest rate swap derivatives |  |  |  | 24,139 |  |  |  |  | 24,139 |
Foreign currency derivatives | 6,894 |  |  | 185 |  |  |  |  | 7,079 |
Other assets | 114,084 |  |  |  |  |  |  | 114,084 |
Total Assets | $ | 179,419 |  |  | $ | 1,637,940 |  |  |  |  | $ | 1,817,359 |
Liabilities: |  |  |  |  |  |  |
Commodity and freight derivatives | $ | 59,184 |  |  | $ | 399,710 |  |  |  |  | $ | 458,894 |
Interest rate swap derivatives |  |  | 248 |  |  |  |  | 248 |
Foreign currency derivatives | 5,925 |  |  |  |  |  |  | 5,925 |
Accrued liability for contingent crack spread payments related to purchase of noncontrolling interests |  |  |  |  | $ | 134,134 |  |  | 134,134 |
Total Liabilities | $ | 65,109 |  |  | $ | 399,958 |  |  | $ | 134,134 |  |  | $ | 599,201 |
| February 28, 2013
| Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Total
| (Dollars in thousands)
Assets: |  |  |  |  |  |  |  |  |  |
Readily marketable inventories |  |  |  | $ | 1,697,214 |  |  |  |  | $ | 1,697,214 |
Commodity and freight derivatives | $ | 38,327 |  |  | 446,895 |  |  |  |  | 485,222 |
Interest rate swap derivatives |  |  |  | 459 |  |  |  |  | 459 |
Foreign currency derivatives | 15,497 |  |  |  |  |  |  |  | 15,497 |
Other assets | 79,333 |  |  |  |  |  |  |  | 79,333 |
Total Assets | $ | 133,157 |  |  | $ | 2,144,568 |  |  |  |  | $ | 2,277,725 |
Liabilities: |  |  |  |  |  |  |  |  |  |
Commodity and freight derivatives | $ | 21,084 |  |  | $ | 407,782 |  |  |  |  | $ | 428,866 |
Interest rate swap derivatives |  |  |  | 418 |  |  |  |  | 418 |
Foreign currency derivatives | 691 |  |  |  |  |  |  |  |  | 691 |
Accrued liability for contingent crack spread payments related to purchase of noncontrolling interests |  |  |  |  |  |  | $ | 140,987 |  |  | 140,987 |
Total Liabilities | $ | 21,775 |  |  | $ | 408,200 |  |  | $ | 140,987 |  |  | $ | 570,962 |
Fair Value Inputs, Liabilities, Quantitative Information |
Quantitative Information about Level 3 Fair Value Measurements
| Fair Value | Valuation |  | Range
Item | February 28, 2014 | Technique | Unobservable Input | (Weighted Average)
Accrued liability for contingent crack spread payments related to purchase of noncontrolling interests | $140,631 | Adjusted Black-Scholes option pricing model | Forward crack spread margin on February 28, 2014 (a) | $14.81-$22.65 ($18.71)
|  |  | Contractual target crack spread margin (b) | $17.50
|  |  | Expected volatility (c) | 121.03%
|  |  | Risk-free interest rate (d) | 1.80-2.60% (2.23%)
|  |  | Expected life - years (e) | 0.50-3.50 (2.12)
(a) Represents forward crack spread margin quotes and management estimates based on future settlement dates (b) Represents the minimum contractual threshold that would require settlement with the counterparties (c) Represents quarterly adjusted volatility estimates derived from daily historical market data (d) Represents yield curves for U.S. Treasury securities (e) Represents the range in the number of years remaining related to each contingent payment |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation | The following table represents a reconciliation of liabilities measured at fair value using significant unobservable inputs (Level 3) for the three months ended February 28, 2014 and 2013, respectively:
|  | Level 3 Liabilities
|  | Accrued liability for contingent crack spread payments related to purchase of noncontrolling interests
|  | 2014 |  | 2013
|  | (Dollars in thousands)
Balances, November 30, 2013 and 2012, respectively |  | $ | 150,991 |  |  | $ | 170,621 |
Total (gains) losses included in cost of goods sold |  | (10,360 | ) |  | (29,634 | )
Balances, February 28, 2014 and February 28, 2013, respectively |  | $ | 140,631 |  |  | $ | 140,987 |
The following table represents a reconciliation of liabilities measured at fair value using significant unobservable inputs (Level 3) for the six months ended February 28, 2014 and 2013, respectively:
|  | Level 3 Liabilities
|  | Accrued liability for contingent crack spread payments related to purchase of noncontrolling interests
|  | 2014 |  | 2013
|  | (Dollars in thousands)
Balances, August 31, 2013 and 2012, respectively |  | $ | 134,134 |  |  | $ | 127,516 |
Total (gains) losses included in cost of goods sold |  | 6,497 |  |  | 13,471 |
Balances, February 28, 2014 and February 28, 2013, respectively |  | $ | 140,631 |  |  | $ | 140,987 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] |  |  |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |  |  |
Inventory, Current, Fair Value Disclosure |  |  |
Other Assets, Fair Value Disclosure | 114,261 | 114,084 | 79,333
Assets, Fair Value Disclosure | 178,244 | 179,419 | 133,157
Liabilities, Fair Value Disclosure | 93,618 | 65,109 | 21,775
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] |  |  |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |  |  |
Inventory, Current, Fair Value Disclosure | 1,318,428 | 1,203,383 | 1,697,214
Other Assets, Fair Value Disclosure |  |  |
Assets, Fair Value Disclosure | 1,875,968 | 1,637,940 | 2,144,568
Liabilities, Fair Value Disclosure | 460,075 | 399,958 | 408,200
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] |  |  |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |  |  |
Inventory, Current, Fair Value Disclosure |  |  |
Other Assets, Fair Value Disclosure |  |  |
Assets, Fair Value Disclosure |  |  |
Liabilities, Fair Value Disclosure | 140,631 | 134,134 | 140,987
Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] |  |  |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |  |  |
Inventory, Current, Fair Value Disclosure | 1,318,428 | 1,203,383 | 1,697,214
Other Assets, Fair Value Disclosure | 114,261 | 114,084 | 79,333
Assets, Fair Value Disclosure | 2,054,212 | 1,817,359 | 2,277,725
Liabilities, Fair Value Disclosure | 694,324 | 599,201 | 570,962
Commodity and Freight Derivatives [Member] |  |  |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |  |  |
Derivative Asset, Fair Value, Gross Asset | 615,178 | 468,673 | 485,222
Derivative Liability, Fair Value, Gross Liability | 550,870 | 458,893 | 428,866
Commodity and Freight Derivatives [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] |  |  |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |  |  |
Derivative Asset, Fair Value, Gross Asset | 57,638 | 58,441 | 38,327
Derivative Liability, Fair Value, Gross Liability | 90,989 | 59,184 | 21,084
Commodity and Freight Derivatives [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] |  |  |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |  |  |
Derivative Asset, Fair Value, Gross Asset | 557,540 | 410,233 | 446,895
Derivative Liability, Fair Value, Gross Liability | 459,881 | 399,710 | 407,782
Commodity and Freight Derivatives [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] |  |  |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |  |  |
Derivative Asset, Fair Value, Gross Asset |  |  |
Derivative Liability, Fair Value, Gross Liability |  |  |
Commodity and Freight Derivatives [Member] | Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] |  |  |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |  |  |
Derivative Asset, Fair Value, Gross Asset | 615,178 | 468,674 | 485,222
Derivative Liability, Fair Value, Gross Liability | 550,870 | 458,894 | 428,866
Interest Rate Swap [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] |  |  |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |  |  |
Derivative Asset, Fair Value, Gross Asset |  |  |
Derivative Liability, Fair Value, Gross Liability |  |  |
Interest Rate Swap [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] |  |  |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |  |  |
Derivative Asset, Fair Value, Gross Asset |  | 24,139 | 459
Derivative Liability, Fair Value, Gross Liability | 194 | 248 | 418
Interest Rate Swap [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] |  |  |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |  |  |
Derivative Asset, Fair Value, Gross Asset |  |  |
Derivative Liability, Fair Value, Gross Liability |  |  |
Interest Rate Swap [Member] | Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] |  |  |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |  |  |
Derivative Asset, Fair Value, Gross Asset |  | 24,139 | 459
Derivative Liability, Fair Value, Gross Liability | 194 | 248 | 418
Foreign Exchange Contract [Member] |  |  |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |  |  |
Derivative Asset, Fair Value, Gross Asset | 6,345 | 7,079 | 15,497
Derivative Liability, Fair Value, Gross Liability | 2,629 | 5,925 | 691
Foreign Exchange Contract [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] |  |  |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |  |  |
Derivative Asset, Fair Value, Gross Asset | 6,345 | 6,894 | 15,497
Derivative Liability, Fair Value, Gross Liability | 2,629 | 5,925 | 691
Foreign Exchange Contract [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] |  |  |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |  |  |
Derivative Asset, Fair Value, Gross Asset |  | 185 |
Derivative Liability, Fair Value, Gross Liability |  |  |
Foreign Exchange Contract [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] |  |  |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |  |  |
Derivative Asset, Fair Value, Gross Asset |  |  |
Derivative Liability, Fair Value, Gross Liability |  |  |
Foreign Exchange Contract [Member] | Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] |  |  |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |  |  |
Derivative Asset, Fair Value, Gross Asset | 6,345 | 7,079 | 15,497
Derivative Liability, Fair Value, Gross Liability | $ 2,629 | $ 5,925 | $ 691

X
- Definition Inventory, Current, Fair Value Disclosure + References No definition available. + Details
Name: | chscp_InventoryCurrentFairValueDisclosure
Namespace Prefix: | chscp_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair value portion of probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 + Details
Name: | us-gaap_AssetsFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair value before effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=28370219&loc=SL20226000-175313 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=20225523&loc=SL20225862-175312 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Subparagraph (a),(c) -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624163-113959 + Details
Name: | us-gaap_DerivativeFairValueOfDerivativeAsset
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair value before effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=28370219&loc=SL20226000-175313 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=20225523&loc=SL20225862-175312 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Subparagraph (a),(c) -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624163-113959 + Details
Name: | us-gaap_DerivativeFairValueOfDerivativeLiability
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a,b,bb) -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2C -URI http://asc.fasb.org/extlink&oid=25499696&loc=SL7498348-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19279-110258 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19190-110258 + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of quantitative information about the inputs used in the fair value measurement of liabilities. This disclosure may include, but is not limited to, the fair value of the liability, valuation technique used to measure fair value, the inputs used to measure fair value, the ranges of the inputs, and the weighted averages of the inputs. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueInputsLiabilitiesQuantitativeInformationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19279-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Fair value of financial and nonfinancial obligations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 + Details
Name: | us-gaap_LiabilitiesFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Fair value portion of other assets. + References No definition available. + Details
Name: | us-gaap_OtherAssetsFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant