XML 59 R23.htm IDEA: XBRL DOCUMENT v2.4.0.8
Equities (Tables)
6 Months Ended
Feb. 28, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]  
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]
Changes in accumulated other comprehensive loss by component, net of tax, were as follows for the six months ended February 28, 2014:
 
Pension and Other Postretirement Benefits
 
Unrealized Net Gain on Available for Sale Investments
 
Cash Flow Hedges
 
Foreign Currency Translation Adjustment
 
Total
 
(Dollars in thousands)
Balance as of August 31, 2013
$
(165,611
)
 
$
2,370

 
$
11,685

 
$
(5,311
)
 
$
(156,867
)
Current period other comprehensive income (loss), net of tax
774

 
1,488

 
(6,269
)
 
(2,484
)
 
(6,491
)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax
6,322

 

 
(8,396
)
 

 
(2,074
)
Net other comprehensive income (loss), net of tax
7,096

 
1,488

 
(14,665
)
 
(2,484
)
 
(8,565
)
Balance as of February 28, 2014
$
(158,515
)
 
$
3,858

 
$
(2,980
)
 
$
(7,795
)
 
$
(165,432
)
    
Amounts reclassified from accumulated other comprehensive income (loss) were related to pension and other postretirement benefits and cash flow hedges, and were recorded to net income. Pension and other postretirement reclassifications include amortization of net actuarial loss, prior service credit and transition amounts as disclosed in Note 7, Benefit Plans. In February 2014, interest rate swaps, which were previously accounted for as cash flow hedges, were terminated as the issuance of the underlying debt was no longer probable. As a result, a $13.5 million gain was reclassified from accumulated other comprehensive loss into net income. This pre-tax gain is included as a component of interest, net in the consolidated statements of operations for the three and six months ended February 28, 2014.
Schedule of Stockholders Equity [Table Text Block]
Changes in equities for the six months ended February 28, 2014 and February 28, 2013 are as follows:

 
For the Six Months Ended
 
February 28, 2014
 
February 28, 2013
 
(Dollars in thousands)
CHS Inc. balances, September 1, 2013 and 2012
$
5,131,208

 
$
4,455,341

Net income attributable to CHS Inc.
502,255

 
618,793

Other comprehensive income (loss)
(8,565
)
 
2,254

Patronage distribution
(840,494
)
 
(975,732
)
Patronage accrued
837,527

 
969,862

Equities retired
(79,656
)
 
(179,369
)
Equity retirements accrued
79,656

 
179,369

Equities issued in business combinations
45

 
18,236

Preferred stock issuance, net of expenses
273,325

 


Preferred stock dividends accrued
(21,867
)
 
(12,272
)
Accrued dividends and equities payable
(195,100
)
 
(249,591
)
Other, net
(9
)
 
7,022

CHS Inc. balances, February 28, 2014 and 2013
$
5,678,325

 
$
4,833,913

 
 
 
 
Noncontrolling interests balances, September 1, 2013 and 2012
$
21,539

 
$
17,982

Net income attributable to noncontrolling interests
1,394

 
2,606

Distributions to noncontrolling interests
(575
)
 
(740
)
Deconsolidation of a subsidiary
(4,779
)
 


Other
680

 
1,087

Noncontrolling interests balances, February 28, 2014 and 2013
$
18,259

 
$
20,935