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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