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Equities | 9 Months Ended
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May 31, 2016
Equity [Abstract] |
Equities | Equities Preferred Stock In June 2014, we filed a shelf registration statement on Form S-3 with the SEC. Under the shelf registration, which has been declared effective by the SEC, we may offer and sell, from time to time, up to $2.0 billion of our Class B Cumulative Redeemable Preferred Stock over a three-year period from the time of effectiveness. As of May 31, 2016, $990.0 million of our Class B Cumulative Redeemable Preferred Stock remained available for issuance under the shelf registration statement. In September 2014, we issued 19,700,000 shares of Class B Series 3 Preferred Stock with a total redemption value of $492.5 million, excluding accumulated dividends. Net proceeds from the sale of our Class B Series 3 Preferred Stock, after deducting the underwriting discount and offering expenses payable by us, were approximately $476.7 million. The Class B Series 3 Preferred Stock is listed on the NASDAQ Stock Market LLC under the symbol CHSCM and accumulates dividends at a rate of 6.75% per year to, but excluding, September 30, 2024, and at a rate equal to the three-month LIBOR plus 4.155%, not to exceed 8.00% per annum thereafter, which are payable quarterly. Our Class B Series 3 Preferred Stock may be redeemed at our option beginning September 30, 2024. In January 2015, we issued 20,700,000 shares of Class B Cumulative Redeemable Preferred Stock, Series 4 ("Class B Series 4 Preferred Stock") with a total redemption value of $517.5 million, excluding accumulated dividends. Net proceeds from the sale of our Class B Series 4 Preferred Stock, after deducting the underwriting discount and offering expenses payable by us, were approximately $501.0 million. The Class B Series 4 Preferred Stock is listed on the NASDAQ Stock Market LLC under the symbol CHSCL and accumulates dividends at a rate of 7.50% per year, which are payable quarterly. Our Class B Series 4 Preferred Stock may be redeemed at our option beginning January 21, 2025. In March 2016, we redeemed approximately $76.8 million of patrons' equities by issuing 2,693,195 shares of Class B Cumulative Redeemable Preferred Stock, Series 1 ("Class B Series 1 Preferred Stock"), with a total redemption value of $67.3 million, excluding accumulated dividends. Each share of Class B Series 1 Preferred Stock was issued in redemption of $28.50 of patrons' equities in the form of members' equity certificates. The Class B Series 1 Preferred Stock is listed on the NASDAQ Stock Market LLC under the symbol CHSCO and accumulates dividends at a rate of 7.785% per year, which are payable quarterly. Our Class B Series 1 Preferred Stock may be redeemed at our option beginning September 26, 2023. Changes in Equities Changes in equities for the nine months ended May 31, 2016, are as follows:
| Equity Certificates |  |  |  | Accumulated Other Comprehensive Loss |  |  |  |  |  |
| Capital Equity Certificates |  | Nonpatronage Equity Certificates |  | Nonqualified Equity Certificates |  | Preferred Stock |  |  | Capital Reserves |  | Noncontrolling Interests |  | Total Equities
| (Dollars in thousands)
Balance, August 31, 2015 | $ | 3,793,897 |  |  | $ | 23,057 |  |  | $ | 282,928 |  |  | $ | 2,167,540 |  |  | $ | (214,207 | ) |  | $ | 1,604,670 |  |  | $ | 11,526 |  |  | $ | 7,669,411 |
Reversal of prior year patronage and redemption estimates | (281,393 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | 625,444 |  |  | — |  |  | 344,051 |
Distribution of 2015 patronage refunds | 375,504 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (628,654 | ) |  | — |  |  | (253,150 | )
Redemptions of equities | (93,292 | ) |  | (97 | ) |  | (483 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (93,872 | )
Equities issued, net | 23,035 |  |  | — |  |  | — |  |  | 76,596 |  |  | — |  |  | — |  |  | — |  |  | 99,631 |
Preferred stock dividends | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (122,382 | ) |  | — |  |  | (122,382 | )
Other, net | 297 |  |  | (21 | ) |  | (316 | ) |  | — |  |  | — |  |  | (5,303 | ) |  | 3,557 |  |  | (1,786 | )
Net income | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 425,767 |  |  | (92 | ) |  | 425,675 |
Other comprehensive income (loss), net of tax | — |  |  | — |  |  | — |  |  | — |  |  | 413 |  |  | — |  |  | — |  |  | 413 |
Estimated 2016 cash patronage refunds | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (102,818 | ) |  | — |  |  | (102,818 | )
Estimated 2016 equity redemptions | (98,546 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (98,546 | )
Balance, May 31, 2016 | $ | 3,719,502 |  |  | $ | 22,939 |  |  | $ | 282,129 |  |  | $ | 2,244,136 |  |  | $ | (213,794 | ) |  | $ | 1,796,724 |  |  | $ | 14,991 |  |  | $ | 7,866,627 |
Accumulated Other Comprehensive Loss Changes in accumulated other comprehensive income (loss) by component, net of tax, are as follows for the nine months ended May 31, 2016, and 2015:
| 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, 2015 | $ | (171,729 | ) |  | $ | 4,156 |  |  | $ | (5,324 | ) |  | $ | (41,310 | ) |  | $ | (214,207 | )
Current period other comprehensive income (loss), net of tax | 135 |  |  | 462 |  |  | (6,805 | ) |  | (6,380 | ) |  | (12,588 | )
Amounts reclassified from accumulated other comprehensive income (loss), net of tax | 9,671 |  |  | — |  |  | 2,860 |  |  | 470 |  |  | 13,001 |
Net other comprehensive income (loss), net of tax | 9,806 |  |  | 462 |  |  | (3,945 | ) |  | (5,910 | ) |  | 413 |
Balance as of May 31, 2016 | $ | (161,923 | ) |  | $ | 4,618 |  |  | $ | (9,269 | ) |  | $ | (47,220 | ) |  | $ | (213,794 | )
| 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, 2014 | $ | (151,852 | ) |  | $ | 4,398 |  |  | $ | (2,722 | ) |  | $ | (6,581 | ) |  | $ | (156,757 | )
Current period other comprehensive income (loss), net of tax | 236 |  |  | 570 |  |  | (2,418 | ) |  | (12,295 | ) |  | (13,907 | )
Amounts reclassified from accumulated other comprehensive income (loss), net of tax | 10,026 |  |  | — |  |  | 371 |  |  | — |  |  | 10,397 |
Net other comprehensive income (loss), net of tax | 10,262 |  |  | 570 |  |  | (2,047 | ) |  | (12,295 | ) |  | (3,510 | )
Balance as of May 31, 2015 | $ | (141,590 | ) |  | $ | 4,968 |  |  | $ | (4,769 | ) |  | $ | (18,876 | ) |  | $ | (160,267 | )
Amounts reclassified from accumulated other comprehensive income (loss) were primarily related to pension and other postretirement benefits. Pension and other postretirement reclassifications include amortization of net actuarial loss, prior service credit and transition amounts and are recorded as marketing, general and administrative expenses (see Note 8, Benefit Plans for further information).

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(d),(e)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 4.E) -URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29-31) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SAB TOPIC 4.C) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187143-122770 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Preferred Stock -URI http://asc.fasb.org/extlink&oid=6521494 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section E Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section C + Details
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