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Notes Payable and Long-Term Debt (Tables) | 12 Months Ended
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Aug. 31, 2018
Debt Disclosure [Abstract] |
Schedule of notes payable | Notes payable as of August 31, 2018, and 2017, consisted of the following:
|  | Weighted-average Interest Rate |  |  |  |
|  | 2018 |  | (As Restated) 2017 |  | 2018 |  | (As Restated) 2017
|  |  |  |  |  | (Dollars in thousands)
Notes payable |  | 3.50% |  | 2.40% |  | $ | 1,437,264 |  |  | $ | 1,695,423 |
CHS Capital notes payable |  | 2.82% |  | 1.90% |  | 834,932 |  |  | 289,740 |
Total notes payable |  | $ | 2,272,196 |  |  | $ | 1,985,163 |
Summary of primary lines of credit | The following table summarizes our primary lines of credit as of August 31, 2018, and 2017:
Primary Revolving Credit Facilities |  | Fiscal Year of Maturity |  | Total Capacity |  | Borrowings Outstanding |  | Interest Rates
|  |  |  | 2018 |  | 2018 |  | 2017 |  |
|  |  |  | (Dollars in thousands) |  |
Committed Five-Year Unsecured Facility |  | 2021 |  | $ | 3,000,000 |  |  | $— |  | $480,000 |  | LIBOR or Base Rate +0.00% to 1.45%
Uncommitted Bilateral Facilities |  | 2019 |  | 515,000 |  |  | 515,000 |  | 350,000 |  | LIBOR or Base Rate +0.00% to 1.20%
Schedule of amounts included in long-term debt | Amounts included in long-term debt on our Consolidated Balance Sheets as of August 31, 2018, and 2017, are presented in the table below.
|  |  | 2018 |  | 2017
|  |  | (Dollars in thousands)
6.18% unsecured notes $400 million face amount, due in equal installments beginning in 2014 through 2018 |  | $ | — |  |  | $ | 80,000 |
5.60% unsecured notes $60 million face amount, due in equal installments beginning in 2012 through 2018 |  | — |  |  | 4,615 |
5.78% unsecured notes $50 million face amount, due in equal installments beginning in 2014 through 2018 |  | — |  |  | 10,000 |
4.00% unsecured notes $100 million face amount, due in equal installments beginning in 2017 through 2021 |  | 60,000 |  |  | 80,000 |
4.08% unsecured notes $130 million face amount, due in 2019 (a) |  | 129,229 |  |  | 130,690 |
4.52% unsecured notes $160 million face amount, due in 2021 (a) |  | 157,528 |  |  | 163,496 |
4.67% unsecured notes $130 million face amount, due in 2023 (a) |  | 128,577 |  |  | 135,792 |
4.39% unsecured notes $152 million face amount, due in 2023 |  | 152,000 |  |  | 152,000 |
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 |
4.58% unsecured notes $150 million face amount, due in 2025 |  | 145,213 |  |  | 149,293 |
4.82% unsecured notes $80 million face amount, due in 2026 |  | 80,000 |  |  | 80,000 |
4.69% unsecured notes $58 million face amount, due in 2027 |  | 58,000 |  |  | 58,000 |
4.74% unsecured notes $95 million face amount, due in 2028 |  | 95,000 |  |  | 95,000 |
4.89% unsecured notes $100 million face amount, due in 2031 |  | 100,000 |  |  | 100,000 |
4.71% unsecured notes $100 million face amount, due in 2033 |  | 100,000 |  |  | 100,000 |
5.40% unsecured notes $125 million face amount, due in 2036 |  | 125,000 |  |  | 125,000 |
Private Placement debt |  | 1,510,547 |  |  | 1,643,886 |
5.59% unsecured term loans from cooperative and other banks, due in equal installments beginning in 2013 through 2018 |  | — |  |  | 15,000 |
2.25% unsecured term loans from cooperative and other banks, due in 2025 (b) |  | 366,000 |  |  | 430,000 |
Bank financing |  | 366,000 |  |  | 445,000 |
Capital lease obligations |  | 25,280 |  |  | 33,075 |
Other notes and contracts with interest rates from 1.30% to 15.25% |  | 32,607 |  |  | 62,652 |
Deferred financing costs |  | (4,179 | ) |  | (4,820 | )
Total long-term debt |  | 1,930,255 |  |  | 2,179,793 |
Less current portion |  | 167,565 |  |  | 156,345 |
Long-term portion |  | $ | 1,762,690 |  |  | $ | 2,023,448 |
_______________________________________
(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 13, Derivative Financial Instruments and Hedging Activities for more information.
(b) | Borrowings are variable under the agreement and bear interest at a base rate (or a LIBO rate) plus an applicable margin.
Schedule of minimum future payments | Long-term debt outstanding as of August 31, 2018, has aggregate maturities, excluding fair value adjustments and capital leases (see Note 6, Property, Plant and Equipment for a schedule of minimum future lease payments under capital leases), as follows:
| (Dollars in thousands)
2019 | $ | 162,846 |
2020 | 30,671 |
2021 | 182,472 |
2022 | 65 |
2023 | 282,065 |
Thereafter | 1,260,570 |
Total | $ | 1,918,689 |

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