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Notes Payable and Long-Term Debt (Tables) | 12 Months Ended
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Aug. 31, 2015
Debt Disclosure [Abstract] |
Schedule of Short-term Debt [Table Text Block] |
|  | Weighted-average Interest Rate |  |  |  |
|  | 2015 |  | 2014 |  | 2015 |  | 2014
|  |  |  |  |  | (Dollars in thousands)
Notes payable (a) |  | 2.33% |  | 1.69% |  | $ | 813,717 |  |  | $ | 840,699 |
CHS Capital notes payable (b) |  | 1.05% |  | 1.07% |  | 351,661 |  |  | 318,774 |
Total notes payable |  | $ | 1,165,378 |  |  | $ | 1,159,473 |
Schedule of Long-term Debt Instruments | Amounts included in long-term debt on our Consolidated Balance Sheets as of August 31, 2015 and 2014 are presented in the table below. We have revised prior period amounts in this table to include capital lease obligations that were previously accounted for as operating leases. See Note 18, Correction of Immaterial Errors for more information on the nature and amounts of these revisions.
|  |  | 2015 |  | 2014
|  |  | (Dollars in thousands)
5.59% unsecured revolving term loans from cooperative and other banks, due in equal installments beginning in 2013 through 2018 |  | $ | 75,000 |  |  | $ | 105,000 |
6.18% unsecured notes $400 million face amount, due in equal installments beginning in 2014 through 2018 |  | 240,000 |  |  | 320,000 |
5.60% unsecured notes $60 million face amount, due in equal installments beginning in 2012 through 2018 |  | 23,077 |  |  | 32,308 |
5.25% unsecured notes $125 million face amount, due in equal installments beginning in 2011 through 2015 |  | — |  |  | 25,000 |
5.78% unsecured notes $50 million face amount, due in equal installments beginning in 2014 through 2018 |  | 30,000 |  |  | 40,000 |
4.00% unsecured notes $100 million face amount, due in equal installments beginning in 2017 through 2021 |  | 100,000 |  |  | 100,000 |
4.08% unsecured notes $130 million face amount, due in 2019 (a) |  | 132,161 |  |  | 130,840 |
4.52% unsecured notes $160 million face amount, due in 2021 (a) |  | 164,654 |  |  | 160,000 |
4.67% unsecured notes $130 million face amount, due in 2023 (a) |  | 135,422 |  |  | 133,360 |
3.85% unsecured notes $80 million face amount, due in 2025 |  | 80,000 |  |  | 80,000 |
3.80% unsecured notes $100 million face amount, due in 2025 |  | 100,000 |  |  | 100,000 |
4.82% unsecured notes $80 million face amount, due in 2026 |  | 80,000 |  |  | 80,000 |
4.71% unsecured notes $100 million face amount, due in 2033 |  | 100,000 |  |  | 100,000 |
Other notes and contracts with interest rates from 1.30% to 15.25% (b) |  | 44,909 |  |  | 43,751 |
Capital lease obligations |  | 125,894 |  |  | 155,366 |
Total long-term debt |  | 1,431,117 |  |  | 1,605,625 |
Less current portion |  | 170,309 |  |  | 201,965 |
Long-term portion |  | $ | 1,260,808 |  |  | $ | 1,403,660 |
_______________________________________
(a) | We have entered into interest rate swaps designated as fair value hedging relationships with these notes. Changes in the fair value of the swaps are recorded each period with a corresponding adjustment to the carrying value of the debt. See Note 12, Derivative Financial Instruments and Hedging Activities for more information.
(b) | Other notes and contracts payable of $0.5 million were collateralized on August 31, 2015.
Schedule of Maturities of Long-Term Debt | Long-term debt outstanding as of August 31, 2015 has aggregate maturities, excluding fair value adjustments and capital leases (see Note 5, Property, Plant and Equipment for a schedule of minimum future lease payments under capital leases), as follows:
| (Dollars in thousands)
2016 | $ | 129,994 |
2017 | 149,932 |
2018 | 161,596 |
2019 | 150,098 |
2020 | 31,340 |
Thereafter | 670,400 |
Total | $ | 1,293,360 |
Schedule of Interest,Net | The following table presents the components of interest expense, net for the years ended August 31, 2015, 2014 and 2013. We have revised prior period amounts in this table to include interest expense related to capital lease obligations that were previously accounted for as operating leases. See Note 18, Correction of Immaterial Errors for more information on the nature and amounts of these revisions.
| 2015 |  | 2014 |  | 2013
| (Dollars in thousands)
Interest expense | $ | 93,152 |  |  | $ | 84,925 |  |  | $ | 104,403 |
Interest - purchase of CHS McPherson noncontrolling interests | 34,810 |  |  | 70,843 |  |  | 149,087 |
Capitalized interest | (57,303 | ) |  | (8,528 | ) |  | (10,579 | )
Interest income | (10,326 | ) |  | (6,987 | ) |  | (6,212 | )
Interest expense, net | $ | 60,333 |  |  | $ | 140,253 |  |  | $ | 236,699 |

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