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Segment Reporting (Tables) | 12 Months Ended
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Aug. 31, 2020
Segment Reporting [Abstract] |
Schedule of Segment Information | Segment information for the years ended August 31, 2020, 2019 and 2018 is presented in the tables below. The fiscal 2020 and fiscal 2019 results for our Ag segment include results associated with our acquisition of the remaining 75% ownership interest in WCD that we did not previously own on March 1, 2019, which were not included in our fiscal 2018 results. Refer to further details related to our acquisition of the remaining 75% ownership interest in WCD that we did not previously own within Note 20, Acquisitions.
| Energy |  | Ag |  | Nitrogen Production |  | Corporate and Other |  | Reconciling Amounts |  | Total
| (Dollars in thousands)
For the year ended August 31, 2020 |  |  |  |  |  |  |  |  |  |  |
Revenues, including intersegment revenues | $ | 5,820,154 |  |  | $ | 22,940,712 |  |  | $ | — |  |  | $ | 55,567 |  |  | $ | (410,068) |  |  | $ | 28,406,365 |
Intersegment revenues | (389,020) |  |  | (14,613) |  |  | — |  |  | (6,435) |  |  | 410,068 |  |  | — |
Revenues, net of intersegment revenues | $ | 5,431,134 |  |  | $ | 22,926,099 |  |  | $ | — |  |  | $ | 49,132 |  |  | $ | — |  |  | $ | 28,406,365 |
Operating earnings (loss) | 219,861 |  |  | 82,543 |  |  | (33,497) |  |  | 8,358 |  |  | — |  |  | 277,265 |
Gain on disposal of business | — |  |  | (211) |  |  | — |  |  | (1,239) |  |  | — |  |  | (1,450) |
Interest expense | 308 |  |  | 71,682 |  |  | 45,255 |  |  | 11,806 |  |  | (12,074) |  |  | 116,977 |
Other income | (3,005) |  |  | (35,349) |  |  | (2,635) |  |  | (9,510) |  |  | 12,074 |  |  | (38,425) |
Equity income from investments | (2,759) |  |  | (7,303) |  |  | (127,954) |  |  | (48,699) |  |  | — |  |  | (186,715) |
Income before income taxes | $ | 225,317 |  |  | $ | 53,724 |  |  | $ | 51,837 |  |  | $ | 56,000 |  |  | $ | — |  |  | $ | 386,878 |
Capital expenditures | 175,169 |  |  | 158,903 |  |  | — |  |  | 84,287 |  |  | — |  |  | 418,359 |
Depreciation and amortization | 245,983 |  |  | 196,510 |  |  | — |  |  | 34,882 |  |  | — |  |  | 477,375 |
Total assets as of August 31, 2020 | 4,447,526 |  |  | 6,325,857 |  |  | 2,681,616 |  |  | 2,538,948 |  |  | — |  |  | 15,993,947 |
| Energy |  | Ag |  | Nitrogen Production |  | Corporate and Other |  | Reconciling Amounts |  | Total
| (Dollars in thousands)
For the year ended August 31, 2019 |  |  |  |  |  |  |  |  |  |  |
Revenues, including intersegment revenues | $ | 7,581,450 |  |  | $ | 24,736,425 |  |  | $ | — |  |  | $ | 68,710 |  |  | $ | (486,132) |  |  | $ | 31,900,453 |
Intersegment revenues | (462,374) |  |  | (16,353) |  |  | — |  |  | (7,405) |  |  | 486,132 |  |  | — |
Revenues, net of intersegment revenues | $ | 7,119,076 |  |  | $ | 24,720,072 |  |  | $ | — |  |  | $ | 61,305 |  |  | $ | — |  |  | $ | 31,900,453 |
Operating earnings (loss) | 615,662 |  |  | 65,181 |  |  | (35,046) |  |  | 13,805 |  |  | — |  |  | 659,602 |
Gain on disposal of business | — |  |  | (3,886) |  |  | — |  |  | — |  |  | — |  |  | (3,886) |
Interest expense | 5,719 |  |  | 101,386 |  |  | 55,226 |  |  | 11,684 |  |  | (6,950) |  |  | 167,065 |
Other income | (5,548) |  |  | (70,888) |  |  | (2,769) |  |  | (10,168) |  |  | 6,950 |  |  | (82,423) |
Equity income from investments | (2,697) |  |  | (4,447) |  |  | (160,373) |  |  | (69,238) |  |  | — |  |  | (236,755) |
Income before income taxes | $ | 618,188 |  |  | $ | 43,016 |  |  | $ | 72,870 |  |  | $ | 81,527 |  |  | $ | — |  |  | $ | 815,601 |
Capital expenditures | 268,877 |  |  | 110,197 |  |  | — |  |  | 64,142 |  |  | — |  |  | 443,216 |
Depreciation and amortization | 233,624 |  |  | 208,294 |  |  | — |  |  | 31,293 |  |  | — |  |  | 473,211 |
Total assets as of August 31, 2019 | 4,401,793 |  |  | 6,415,580 |  |  | 2,730,306 |  |  | 2,899,815 |  |  | — |  |  | 16,447,494 |
| Energy |  | Ag |  | Nitrogen Production |  | Corporate and Other |  | Reconciling Amounts |  | Total
| (Dollars in thousands)
For the year ended August 31, 2018 |  |  |  |  |  |  |  |  |  |  |
Revenues, including intersegment revenues | $ | 8,068,717 |  |  | $ | 25,052,395 |  |  | $ | — |  |  | $ | 64,516 |  |  | $ | (502,281) |  |  | $ | 32,683,347 |
Intersegment revenues | (479,598) |  |  | (14,914) |  |  | — |  |  | (7,769) |  |  | 502,281 |  |  | — |
Revenues, net of intersegment revenues | $ | 7,589,119 |  |  | $ | 25,037,481 |  |  | $ | — |  |  | $ | 56,747 |  |  | $ | — |  |  | $ | 32,683,347 |
Operating earnings (loss) | 388,112 |  |  | 93,728 |  |  | (20,619) |  |  | (8,857) |  |  | — |  |  | 452,364 |
Gain on disposal of business | (65,862) |  |  | (7,707) |  |  | — |  |  | (58,247) |  |  | — |  |  | (131,816) |
Interest expense | 14,627 |  |  | 94,256 |  |  | 50,499 |  |  | (7,712) |  |  | (2,468) |  |  | 149,202 |
Other income | (9,698) |  |  | (68,471) |  |  | (3,061) |  |  | (3,975) |  |  | 2,468 |  |  | (82,737) |
Equity (income) loss from investments | (3,063) |  |  | 1,392 |  |  | (106,895) |  |  | (44,949) |  |  | — |  |  | (153,515) |
Income before income taxes | $ | 452,108 |  |  | $ | 74,258 |  |  | $ | 38,838 |  |  | $ | 106,026 |  |  | $ | — |  |  | $ | 671,230 |
Capital expenditures | 248,207 |  |  | 77,962 |  |  | — |  |  | 29,243 |  |  | — |  |  | 355,412 |
Depreciation and amortization | 230,230 |  |  | 218,716 |  |  | — |  |  | 29,104 |  |  | — |  |  | 478,050 |
Schedule of Sales Based on Geographic Locations | The following table presents our sales, based on the geographic location of the subsidiary making the sale, for the years ended August 31, 2020, 2019 and 2018:
| 2020 |  | 2019 |  | 2018
| (Dollars in thousands)
North America (a) | $ | 25,360,077 |  |  | $ | 27,896,269 |  |  | $ | 29,475,724 |
South America | 1,559,380 |  |  | 2,027,020 |  |  | 1,569,330 |
Europe, Middle East and Africa (EMEA) | 774,068 |  |  | 895,472 |  |  | 536,501 |
Asia Pacific (APAC) | 712,840 |  |  | 1,081,692 |  |  | 1,101,792 |
Total | $ | 28,406,365 |  |  | $ | 31,900,453 |  |  | $ | 32,683,347 |
(a) Revenues in North America are substantially all attributed to revenues from the United States.
Schedule of Long-lived Assets by Geographical Region | The following table presents long-lived assets by geographical region based on physical location:
| 2020 |  | 2019
| (Dollars in thousands)
United States | $ | 5,121,315 |  |  | $ | 5,295,752 |
International | 65,134 |  |  | 79,846 |
Total | $ | 5,186,449 |  |  | $ | 5,375,598 |

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