XML 49 R34.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Derivative Financial Instruments and Hedging Activities (Tables) | 3 Months Ended
--- | ---
Nov. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Reconciliation of gross and net fair values of assets and liabilities subject to offsetting arrangements |
| November 30, 2018
|  |  | Amounts Not Offset on the Consolidated Balance Sheet but Eligible for Offsetting |  |
| Gross Amounts Recognized |  | Cash Collateral |  | Derivative Instruments |  | Net Amounts
| (Dollars in thousands)
Derivative Assets: |  |  |  |  |  |  |
Commodity derivatives | $ | 176,292 |  |  | $ | — |  |  | $ | 33,094 |  |  | $ | 143,198 |
Foreign exchange derivatives | 15,877 |  |  | — |  |  | 6,581 |  |  | 9,296 |
Embedded derivative asset | 20,166 |  |  | — |  |  | — |  |  | 20,166 |
Total | $ | 212,335 |  |  | $ | — |  |  | $ | 39,675 |  |  | $ | 172,660 |
Derivative Liabilities: |  |  |  |  |  |  |
Commodity derivatives | $ | 276,899 |  |  | $ | 23,121 |  |  | $ | 33,094 |  |  | $ | 220,684 |
Foreign exchange derivatives | 9,471 |  |  | — |  |  | 6,581 |  |  | 2,890 |
Total | $ | 286,370 |  |  | $ | 23,121 |  |  | $ | 39,675 |  |  | $ | 223,574 |
| August 31, 2018
|  |  | Amounts Not Offset on the Consolidated Balance Sheet but Eligible for Offsetting |  |
| Gross Amounts Recognized |  | Cash Collateral |  | Derivative Instruments |  | Net Amounts
| (Dollars in thousands)
Derivative Assets: |  |  |  |  |  |  |
Commodity derivatives | $ | 313,033 |  |  | $ | — |  |  | $ | 26,781 |  |  | $ | 286,252 |
Foreign exchange derivatives | 15,401 |  |  | — |  |  | 8,703 |  |  | 6,698 |
Embedded derivative asset | 23,595 |  |  | — |  |  | — |  |  | 23,595 |
Total | $ | 352,029 |  |  | $ | — |  |  | $ | 35,484 |  |  | $ | 316,545 |
Derivative Liabilities: |  |  |  |  |  |  |
Commodity derivatives | $ | 421,054 |  |  | $ | 12,983 |  |  | $ | 26,781 |  |  | $ | 381,290 |
Foreign exchange derivatives | 24,701 |  |  | — |  |  | 8,703 |  |  | 15,998 |
Total | $ | 445,755 |  |  | $ | 12,983 |  |  | $ | 35,484 |  |  | $ | 397,288 |
Derivatives Not Designated as Hedging Instruments | The following table sets forth the pretax gains (losses) on derivatives not accounted for as hedging instruments that have been included in our Consolidated Statements of Operations for the three months ended November 30, 2018, and 2017.
|  |  | For the Three Months Ended November 30,
| Location of Gain (Loss) |  | 2018 |  | (As Restated) 2017
|  |  | (Dollars in thousands)
Commodity derivatives | Cost of goods sold |  | $ | (6,448 | ) |  | $ | 32,917 |
Foreign exchange derivatives | Cost of goods sold |  | 16,056 |  |  | 6,766 |
Foreign exchange derivatives | Marketing, general and administrative |  | (832 | ) |  | (495 | )
Interest rate derivatives | Interest expense |  | — |  |  | (1 | )
Embedded derivative | Other income |  | 1,571 |  |  | 1,738 |
Total |  | $ | 10,347 |  |  | $ | 40,925 |
Schedule of Derivative Instruments, Purchase and Sales Contracts | all outstanding commodity and freight contracts accounted for as derivative instruments.
| November 30, 2018 |  | August 31, 2018
| Long |  | Short |  | Long |  | Short
| (Units in thousands)
Grain and oilseed - bushels | 560,843 |  |  | 837,696 |  |  | 715,866 |  |  | 929,873 |
Energy products - barrels | 16,632 |  |  | 7,670 |  |  | 17,011 |  |  | 8,329 |
Processed grain and oilseed - tons | 374 |  |  | 3,077 |  |  | 1,064 |  |  | 2,875 |
Crop nutrients - tons | 44 |  |  | 91 |  |  | 11 |  |  | 76 |
Ocean freight - metric tons | — |  |  | — |  |  | 227 |  |  | 45 |
Natural gas - MMBtu | — |  |  | — |  |  | 610 |  |  | — |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value | The following table presents the fair value of our commodity derivative instruments designated as cash flow hedges and the line items on our Consolidated Balance Sheets in which they are recorded.
|  | Derivative Assets |  |  |  | Derivative Liabilities
Balance Sheet Location |  | November 30, 2018 |  | August 31, 2018 |  | Balance Sheet Location |  | November 30, 2018 |  | August 31, 2018
|  | (Dollars in thousands) |  |  |  | (Dollars in thousands)
Derivative assets |  | $ | 9,336 |  |  | $ | 812 |  |  | Derivative liabilities |  | $ | 11,622 |  |  | $ | 634 |
The following table presents the fair value of our derivative interest rate swap instruments designated as fair value hedges and the line items on our Consolidated Balance Sheets in which they are recorded.
|  | Derivative Liabilities
Balance Sheet Location |  | November 30, 2018 |  | August 31, 2018
|  | (Dollars in thousands)
Derivative liabilities |  | $ | 687 |  |  | $ | 771 |
Other liabilities |  | 9,720 |  |  | 8,681 |
Total |  | $ | 10,407 |  |  | $ | 9,452 |
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) | The following table sets forth the pretax gains (losses) on derivatives accounted for as hedging instruments that have been included in our Consolidated Statements of Operations for the three months ended November 30, 2018, and 2017.
|  |  |  | For the Three Months Ended November 30,
Gain (Loss) on Fair Value Hedging Relationships: |  | Location of Gain (Loss) |  | 2018 |  | 2017
|  |  |  | (Dollars in thousands)
Interest rate swaps |  | Interest expense |  | $ | (955 | ) |  | $ | (8,317 | )
Hedged item |  | Interest expense |  | 955 |  |  | 8,317 |
Total |  | $ | — |  |  | $ | — |
Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location | The following table provides the location and carrying amount of hedged liabilities in our Consolidated Balance Sheets as of November 30, 2018, and August 31, 2018.
|  | November 30, 2018 |  | August 31, 2018
Balance Sheet Location |  | Carrying Amount of Hedged Liabilities |  | Cumulative Amount of Fair Value Hedging Adjustments Included in the Carrying Amount of Hedged Liabilities |  | Carrying Amount of Hedged Liabilities |  | Cumulative Amount of Fair Value Hedging Adjustments Included in the Carrying Amount of Hedged Liabilities
|  | (Dollars in thousands)
Long-term debt |  | $ | 484,593 |  |  | $ | 10,407 |  |  | $ | 485,548 |  |  | $ | 9,452 |
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) | The following table presents the pretax gains (losses) recorded in other comprehensive income relating to cash flow hedges for the three months ended November 30, 2018, and 2017:
|  | For the Three Months Ended November 30,
|  | 2018 |  | 2017
|  | (Dollars in thousands)
Commodity derivatives |  | $ | (2,463 | ) |  | $ | — |
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) | The following table presents the pretax gains (losses) relating to cash flow hedges that were reclassified from accumulated other comprehensive loss into our Consolidated Statements of Operations for the three months ended November 30, 2018, and 2017:
|  |  | For the Three Months Ended November 30,
| Location of Gain (Loss) |  | 2018 |  | 2017
|  |  | (Dollars in thousands)
Commodity derivatives | Cost of goods sold |  | $ | 1,900 |  |  | $ | — |

X
- Definition Reconciliation of gross and net fair values of assets and liabilities subject to offsetting arrangements [Table Text Block] + References No definition available. + Details
Name: | chscp_ReconciliationofgrossandnetfairvaluesofassetsandliabilitiessubjecttooffsettingarrangementsTableTextBlock
Namespace Prefix: | chscp_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfCashFlowHedgesIncludedInAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the effective portion of the gains and losses on derivative instruments designated (and non-derivative instruments) designated and qualifying in cash flow hedges and net investment hedges that was recognized in other comprehensive income (loss) during the current period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsEffectOnOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624163-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative instruments (including nonderivative instruments that are designated and qualify as hedging instruments) of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5618551-113959 + Details
Name: | us-gaap_ScheduleOfDerivativesInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for fair value hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfFairValueHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the notional amounts of outstanding derivative positions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5579245-113959 + Details
Name: | us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative instrument not designated or qualifying as hedging instrument. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4CC -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL109998890-113959 + Details
Name: | us-gaap_ScheduleOfOtherDerivativesNotDesignatedAsHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration