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Property, Plant and Equipment | 12 Months Ended
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Aug. 31, 2019
Property, Plant and Equipment [Abstract] |
Property, Plant and Equipment | Property, Plant and Equipment As of August 31, 2019 and 2018, major classes of property, plant and equipment, which include capital lease assets, consisted of the amounts in the table below.
| 2019 |  | 2018
| (Dollars in thousands)
Land and land improvements | $ | 319,452 |  |  | $ | 341,767 |
Buildings | 1,079,073 |  |  | 1,034,860 |
Machinery and equipment | 7,392,767 |  |  | 7,199,509 |
Office equipment and other | 346,649 |  |  | 316,946 |
Construction in progress | 329,297 |  |  | 204,207 |
Gross property, plant and equipment | 9,467,238 |  |  | 9,097,289 |
Less accumulated depreciation and amortization | 4,378,530 |  |  | 3,955,570 |
Total property, plant and equipment | $ | 5,088,708 |  |  | $ | 5,141,719 |
We have various assets under capital leases totaling $62.7 million and $50.0 million as of August 31, 2019 and 2018, respectively. Accumulated amortization on assets under capital leases was $20.6 million and $18.9 million as of August 31, 2019 and 2018, respectively. The following is a schedule by fiscal year of future minimum lease payments under capital leases together with the present value of the net minimum lease payments as of August 31, 2019:
| (Dollars in thousands)
2020 | $ | 6,761 |
2021 | 6,199 |
2022 | 5,021 |
2023 | 4,548 |
2024 | 2,638 |
Thereafter | 6,517 |
Total minimum future lease payments | 31,684 |
Less amount representing interest | 3,445 |
Present value of net minimum lease payments | $ | 28,239 |
We continuously monitor our long-lived assets, including property, plant and equipment, for potential indicators of impairment in accordance with U.S. GAAP. As a result of these monitoring activities, our Ag segment recorded impairment charges of approximately $12.2 million associated with certain non-strategic long-lived assets that ceased operation during fiscal 2019. During fiscal 2017 our Ag segment recorded an impairment charge of $30.4 million from the reduction in the fair value of agricultural assets held, which was determined using a market-based approach. In addition, our Energy segment recorded an impairment charge of $32.7 million associated with the cancellation of a capital project in fiscal 2017. These impairments were included in the reserve and impairment charges (recoveries), net line of the Consolidated Statements of Operations. Depreciation expense, including amortization of capital lease assets, for the years ended August 31, 2019, 2018 and 2017, was $495.3 million, $475.8 million and $475.9 million, respectively.

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- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 + Details
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