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Segment Reporting (Tables) | 12 Months Ended
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Aug. 31, 2018
Segment Reporting [Abstract] |
Schedule of Segment Information | Segment information for the years ended August 31, 2018, 2017, and 2016 is presented in the tables below.
| Energy |  | Ag |  | Nitrogen Production |  | Corporate and Other |  | Reconciling Amounts |  | Total
| (Dollars in thousands)
For the year ended August 31, 2018: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues, including intersegment revenues | $ | 8,068,717 |  |  | $ | 25,052,395 |  |  | $ | — |  |  | $ | 64,516 |  |  | $ | (502,281 | ) |  | $ | 32,683,347 |
Operating earnings (loss) | 390,092 |  |  | 95,883 |  |  | (20,619 | ) |  | (8,270 | ) |  | — |  |  | 457,086 |
(Gain) loss on disposal of business | (65,862 | ) |  | (7,707 | ) |  | — |  |  | (58,247 | ) |  | — |  |  | (131,816 | )
Interest expense | 14,627 |  |  | 94,256 |  |  | 50,499 |  |  | (7,712 | ) |  | (2,468 | ) |  | 149,202 |
Other (income) loss | (7,718 | ) |  | (66,316 | ) |  | (3,061 | ) |  | (3,388 | ) |  | 2,468 |  |  | (78,015 | )
Equity (income) loss from investments | (3,063 | ) |  | 1,392 |  |  | (106,895 | ) |  | (44,949 | ) |  | — |  |  | (153,515 | )
Income (loss) before income taxes | $ | 452,108 |  |  | $ | 74,258 |  |  | $ | 38,838 |  |  | $ | 106,026 |  |  | $ | — |  |  | $ | 671,230 |
Intersegment revenues | $ | (479,598 | ) |  | $ | (14,914 | ) |  | $ | — |  |  | $ | (7,769 | ) |  | $ | 502,281 |  |  | $ | — |
Capital expenditures | $ | 248,207 |  |  | $ | 77,962 |  |  | $ | — |  |  | $ | 29,243 |  |  | $ | — |  |  | $ | 355,412 |
Depreciation and amortization | $ | 230,230 |  |  | $ | 218,716 |  |  | $ | — |  |  | $ | 29,104 |  |  | $ | — |  |  | $ | 478,050 |
Total assets as of August 31, 2018 | $ | 4,168,239 |  |  | $ | 6,534,777 |  |  | $ | 2,758,668 |  |  | $ | 2,919,494 |  |  | $ | — |  |  | $ | 16,381,178 |
| Energy |  | Ag |  | Nitrogen Production |  | Corporate and Other |  | Reconciling Amounts |  | Total
| (Dollars in thousands)
For the year ended August 31, 2017: (As restated) |  |  |  |  |  |  |  |  |  |  |
Revenues, including intersegment revenues | $ | 6,620,680 |  |  | $ | 25,738,740 |  |  | $ | — |  |  | $ | 95,414 |  |  | $ | (417,408 | ) |  | $ | 32,037,426 |
Operating earnings (loss) | 75,138 |  |  | (268,946 | ) |  | (18,430 | ) |  | 38,212 |  |  | — |  |  | (174,026 | )
(Gain) loss on disposal of business | — |  |  | 2,190 |  |  | — |  |  | — |  |  | — |  |  | 2,190 |
Interest expense | 18,365 |  |  | 71,986 |  |  | 48,893 |  |  | 33,250 |  |  | (1,255 | ) |  | 171,239 |
Other (income) loss | (1,164 | ) |  | (65,684 | ) |  | (30,534 | ) |  | (3,824 | ) |  | 1,255 |  |  | (99,951 | )
Equity (income) loss from investments | (3,181 | ) |  | (7,277 | ) |  | (66,530 | ) |  | (60,350 | ) |  | — |  |  | (137,338 | )
Income (loss) before income taxes | $ | 61,118 |  |  | $ | (270,161 | ) |  | $ | 29,741 |  |  | $ | 69,136 |  |  | $ | — |  |  | $ | (110,166 | )
Intersegment revenues | $ | (392,842 | ) |  | $ | (20,312 | ) |  | $ | — |  |  | $ | (4,254 | ) |  | $ | 417,408 |  |  | $ | — |
Capital expenditures | $ | 260,543 |  |  | $ | 146,139 |  |  | $ | — |  |  | $ | 37,715 |  |  | $ | — |  |  | $ | 444,397 |
Depreciation and amortization | $ | 223,229 |  |  | $ | 232,443 |  |  | $ | — |  |  | $ | 24,551 |  |  | $ | — |  |  | $ | 480,223 |
Total assets as of August 31, 2017 | $ | 4,290,618 |  |  | $ | 6,359,058 |  |  | $ | 2,781,610 |  |  | $ | 2,387,636 |  |  | $ | — |  |  | $ | 15,818,922 |
| Energy |  | Ag |  | Nitrogen Production |  | Corporate and Other |  | Reconciling Amounts |  | Total
| (Dollars in thousands)
For the year ended August 31, 2016: (As restated) |  |  |  |  |  |  |  |  |  |  |
Revenues, including intersegment revenues | $ | 5,743,882 |  |  | $ | 24,896,354 |  |  | $ | — |  |  | $ | 92,725 |  |  | $ | (377,701 | ) |  | $ | 30,355,260 |
Operating earnings (loss) | 246,105 |  |  | 36,649 |  |  | (6,193 | ) |  | 15,882 |  |  | — |  |  | 292,443 |
Interest expense | (22,244 | ) |  | 82,085 |  |  | 34,437 |  |  | 30,647 |  |  | (11,221 | ) |  | 113,704 |
Other (income) loss | (287 | ) |  | (53,044 | ) |  | — |  |  | (5,499 | ) |  | 11,221 |  |  | (47,609 | )
Equity (income) loss from investments | (4,739 | ) |  | (7,644 | ) |  | (74,700 | ) |  | (88,694 | ) |  | — |  |  | (175,777 | )
Income (loss) before income taxes | $ | 273,375 |  |  | $ | 15,252 |  |  | $ | 34,070 |  |  | $ | 79,428 |  |  | $ | — |  |  | $ | 402,125 |
Intersegment revenues | $ | (335,003 | ) |  | $ | (40,336 | ) |  | $ | — |  |  | $ | (2,362 | ) |  | $ | 377,701 |  |  | $ | — |
Capital expenditures | $ | 376,841 |  |  | $ | 260,865 |  |  | $ | — |  |  | $ | 55,074 |  |  | $ | — |  |  | $ | 692,780 |
Depreciation and amortization | $ | 193,525 |  |  | $ | 230,172 |  |  | $ | — |  |  | $ | 23,795 |  |  | $ | — |  |  | $ | 447,492 |
Schedule of Sales Based on Geographic Locations | The following table presents our sales, based on the geographic locations in which the sales originated, for the years ended August 31, 2018, 2017, and 2016:
| 2018 |  | (As Restated) 2017 |  | (As Restated) 2016
| (Dollars in thousands)
North America | $ | 29,475,724 |  |  | $ | 29,068,842 |  |  | $ | 26,571,367 |
South America | 1,569,330 |  |  | 1,441,316 |  |  | 1,847,284 |
Europe, the Middle East and Africa (EMEA) | 536,501 |  |  | 652,308 |  |  | 878,407 |
Asia Pacific (APAC) | 1,101,792 |  |  | 874,960 |  |  | 1,058,202 |
Total | $ | 32,683,347 |  |  | $ | 32,037,426 |  |  | $ | 30,355,260 |
Schedule of Long-lived Assets by Geographical Region | The following table presents long-lived assets by geographical region:
| 2018 |  | 2017
| (Dollars in thousands)
United States | $ | 5,185,572 |  |  | $ | 5,359,270 |
International | 86,927 |  |  | 102,170 |
Total | $ | 5,272,499 |  |  | $ | 5,461,440 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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