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Notes Payable and Long-Term Debt | 9 Months Ended
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May 31, 2018
Debt Disclosure [Abstract] |
Notes Payable and Long-Term Debt | Notes Payable and Long-Term Debt Our notes payable and long-term debt are subject to various restrictive requirements for maintenance of minimum consolidated net worth and other financial ratios. We were in compliance with our debt covenants as of May 31, 2018. The table below summarizes our notes payable as of May 31, 2018, and 2017.
| May 31, 2018 |  | August 31, 2017
| (Dollars in thousands)
Notes payable | $ | 2,650,859 |  |  | $ | 1,695,423 |
CHS Capital notes payable | 168,227 |  |  | 292,792 |
Total notes payable | $ | 2,819,086 |  |  | $ | 1,988,215 |
On May 31, 2018, our primary line of credit was a five-year, unsecured revolving credit facility with a committed amount of $3.0 billion which expires in September 2020. The outstanding balance on this facility increased to $1.1 billion at May 31, 2018, from $480.0 million at August 31, 2017, due to the seasonal nature of our business operations. Interest expense for the three months ended May 31, 2018, and 2017, was $49.3 million and $39.2 million, respectively, net of capitalized interest of $1.7 million and $1.6 million, respectively. Interest expense for the nine months ended May 31, 2018, and 2017, was $130.2 million and $117.4 million, respectively, net of capitalized interest of $4.8 million and $4.7 million, respectively.

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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