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Investments (Tables)

12 Months Ended

Aug. 31, 2019

Investments [Abstract]

Summary of investments

Investments as of August 31, 2019 and 2018, are as follows:

	2019				2018
	(Dollars in thousands)
Equity method investments:
CF Industries Nitrogen, LLC	$	2,708,942			$	2,735,073
Ventura Foods, LLC	374,516				360,150
Ardent Mills, LLC	209,027				205,898
Other equity method investments	267,247				288,016
Other investments	124,264				122,788
Total investments	$	3,683,996			$	3,711,925

Summarized financial information of equity method investments

The following tables provide aggregate summarized financial information for CF Nitrogen for the balance sheets as of August 31, 2019 and 2018, and the statements of operations for the 12 months ended August 31, 2019, 2018 and 2017:

	2019				2018
	(Dollars in thousands)
Current assets	$	590,057			$	576,076
Non-current assets	7,028,766				7,447,594
Current liabilities	228,324				215,104
Non-current liabilities	2,455				71

	2019				2018				2017
	(Dollars in thousands)
Net sales	$	2,894,795			$	2,449,695			$	2,051,159
Gross profit	737,168				423,612				195,142
Net earnings	706,291				401,295				123,965
Earnings attributable to CHS Inc.	160,373				106,895				66,530

The following tables provide aggregate summarized financial information for our equity method investments in Ventura Foods and Ardent Mills for balance sheets as of August 31, 2019 and 2018, and statements of operations for the 12 months ended August 31, 2019, 2018 and 2017:

	2019				2018
	(Dollars in thousands)
Current assets	$	1,469,003			$	1,462,590
Non-current assets	2,327,217				2,331,295
Current liabilities	535,579				671,928
Non-current liabilities	790,401				693,360

	2019				2018				2017
	(Dollars in thousands)
Net sales	$	5,752,368			$	5,882,035			$	5,762,849
Gross profit	565,784				601,927				673,329
Net earnings	248,303				226,776				265,126
Earnings attributable to CHS Inc.	69,157				46,069				60,716

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- Definition

Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

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- Definition

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