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Equities (Tables)

9 Months Ended

May 31, 2021

Class of Stock [Line Items]

Schedule of Accumulated Other Comprehensive Income (Loss)

			Pension and Other Postretirement Benefits						Cash Flow Hedges						Foreign Currency Translation Adjustment						Total
			(Dollars in thousands)
Balance as of August 31, 2020, net of tax			$	(159,680)					$	10,886					$	(85,130)					$	(233,924)
Other comprehensive income (loss), before tax:
Amounts before reclassifications			(125)						14,506						3,629						18,010
Amounts reclassified			4,977						(12,284)						—						(7,307)
Total other comprehensive income, before tax			4,852						2,222						3,629						10,703
Tax effect			(1,207)						(553)						(26)						(1,786)
Other comprehensive income, net of tax			3,645						1,669						3,603						8,917
Balance as of November 30, 2020, net of tax			$	(156,035)					$	12,555					$	(81,527)					$	(225,007)
Other comprehensive income (loss), before tax:
Amounts before reclassifications			—						2,929						(587)						2,342
Amounts reclassified			5,151						(3,673)						—						1,478
Total other comprehensive income (loss), before tax			5,151						(744)						(587)						3,820
Tax effect			(1,282)						185						(174)						(1,271)
Other comprehensive income (loss), net of tax			3,869						(559)						(761)						2,549
Balance as of February 28, 2021, net of tax			$	(152,166)					$	11,996					$	(82,288)					$	(222,458)
Other comprehensive income (loss), before tax:
Amounts before reclassifications			112						(4,725)						8,398						3,785
Amounts reclassified			5,064						(1,919)						—						3,145
Total other comprehensive income (loss), before tax			5,176						(6,644)						8,398						6,930
Tax effect			(1,288)						1,653						(180)						185
Other comprehensive income (loss), net of tax			3,888						(4,991)						8,218						7,115
Balance as of May 31, 2021, net of tax			$	(148,278)					$	7,005					$	(74,070)					$	(215,343)

			Pension and Other Postretirement Benefits						Cash Flow Hedges						Foreign Currency Translation Adjustment						Total
			(Dollars in thousands)
Balance as of August 31, 2019, net of tax			$	(172,478)					$	15,297					$	(69,752)					$	(226,933)
Other comprehensive income (loss), before tax:
Amounts before reclassifications			(85)						(3,331)						(2,411)						(5,827)
Amounts reclassified			4,977						(4,473)						—						504
Total other comprehensive income (loss), before tax			4,892						(7,804)						(2,411)						(5,323)
Tax effect			181						1,932						1,572						3,685
Other comprehensive income (loss), net of tax			5,073						(5,872)						(839)						(1,638)
Balance as of November 30, 2019, net of tax			$	(167,405)					$	9,425					$	(70,591)					$	(228,571)
Other comprehensive income (loss), before tax:
Amounts before reclassifications			—						(5,975)						(8,540)						(14,515)
Amounts reclassified			4,977						(1,747)						—						3,230
Total other comprehensive income (loss), before tax			4,977						(7,722)						(8,540)						(11,285)
Tax effect			(1,231)						1,910						21						700
Other comprehensive income (loss), net of tax			3,746						(5,812)						(8,519)						(10,585)
Balance as of February 29, 2020, net of tax			$	(163,659)					$	3,613					$	(79,110)					$	(239,156)
Other comprehensive income (loss), before tax:
Amounts before reclassifications			(340)						7,795						(12,515)						(5,060)
Amounts reclassified			4,977						1,263						—						6,240
Total other comprehensive income (loss), before tax			4,637						9,058						(12,515)						1,180
Tax effect			(1,147)						(2,241)						199						(3,189)
Other comprehensive income (loss), net of tax			3,490						6,817						(12,316)						(2,009)
Balance as of May 31, 2020, net of tax			$	(160,169)					$	10,430					$	(91,426)					$	(241,165)

Schedule of Stockholders Equity

Changes in equities for the three and nine months ended May 31, 2021 and 2020, are as follows:

			Equity Certificates																								Accumulated Other Comprehensive Loss
			Capital Equity Certificates						Nonpatronage Equity Certificates						Nonqualified Equity Certificates						Preferred Stock												Capital Reserves						Noncontrolling Interests						Total Equities
			(Dollars in thousands)
Balances, August 31, 2020			$	3,724,187					$	28,727					$	1,408,696					$	2,264,038					$	(233,924)					$	1,618,147					$	9,302					$	8,819,173
Reversal of prior year redemption estimates			7,726						—						—						—						—						—						—						7,726
Redemptions of equities			(6,539)						(31)						(1,156)						—						—						—						—						(7,726)
Preferred stock dividends			—						—						—						—						—						(84,334)						—						(84,334)
Other, net			(654)						(47)						(197)						—						—						(7,798)						35						(8,661)
Net income (loss)			—						—						—						—						—						69,671						(302)						69,369
Other comprehensive income, net of tax			—						—						—						—						8,917						—						—						8,917
Estimated 2021 cash patronage refunds			—						—						—						—						—						(9,304)						—						(9,304)
Estimated 2021 equity redemptions			(9,304)						—						—						—						—						—						—						(9,304)
Balances, November 30, 2020			$	3,715,416					$	28,649					$	1,407,343					$	2,264,038					$	(225,007)					$	1,586,382					$	9,035					$	8,785,856
Reversal of prior year patronage and redemption estimates			4,760						—						(211,970)						—						—						233,345						—						26,135
Distribution of 2020 patronage refunds			—						—						214,720						—						—						(236,136)						—						(21,416)
Redemptions of equities			(4,177)						(35)						(548)						—						—						—						—						(4,760)
Preferred stock dividends			—						—						—						—						—						(42,167)						—						(42,167)
Other, net			(26)						—						(15)						—						—						1,068						(361)						666
Net loss			—						—						—						—						—						(38,229)						(129)						(38,358)
Other comprehensive income, net of tax			—						—						—						—						2,549						—						—						2,549
Estimated 2021 cash patronage refunds			—						—						—						—						—						5,639						—						5,639
Estimated 2021 equity redemptions			5,639						—						—						—						—						—						—						5,639
Balances, February 28, 2021			$	3,721,612					$	28,614					$	1,409,530					$	2,264,038					$	(222,458)					$	1,509,902					$	8,545					$	8,719,783
Reversal of prior year redemption estimates			15,514						—						5,000						—						—						8,625						—						29,139
Distribution of 2020 patronage refunds			—						—						7						—						—						(8,632)						—						(8,625)
Redemptions of equities			(19,275)						(35)						(6,013)						—						—						—						—						(25,323)
Other, net			(298)						43						58						—						—						(1,726)						(61)						(1,984)
Net income			—						—						—						—						—						273,591						81						273,672
Other comprehensive income, net of tax			—						—						—						—						7,115						—						—						7,115
Estimated 2021 cash patronage refunds			—						—						—						—						—						(21,292)						—						(21,292)
Estimated 2021 equity redemptions			(21,292)						—						—						—						—						—						—						(21,292)
Balances, May 31, 2021			$	3,696,261					$	28,622					$	1,408,582					$	2,264,038					$	(215,343)					$	1,760,468					$	8,565					$	8,951,193

			Equity Certificates																								Accumulated Other Comprehensive Loss
			Capital Equity Certificates						Nonpatronage Equity Certificates						Nonqualified Equity Certificates						Preferred Stock												Capital Reserves						Noncontrolling Interests						Total Equities
			(Dollars in thousands)
Balances, August 31, 2019			$	3,753,493					$	29,074					$	1,206,310					$	2,264,038					$	(226,933)					$	1,584,158					$	7,390					$	8,617,530
Reversal of prior year redemption estimates			5,447						—						—						—						—						—						—						5,447
Redemptions of equities			(4,721)						(54)						(672)						—						—						—						—						(5,447)
Preferred stock dividends			—						—						—						—						—						(84,334)						—						(84,334)
ASC Topic 842 cumulative-effect adjustment			—						—						—						—						—						33,707						—						33,707
Other, net			(8)						—						(39)						—						—						(1,312)						410						(949)
Net income			—						—						—						—						—						177,882						855						178,737
Other comprehensive loss, net of tax			—						—						—						—						(1,638)						—						—						(1,638)
Estimated 2020 cash patronage refunds			—						—						—						—						—						(28,504)						—						(28,504)
Estimated 2020 equity redemptions			(91,633)						—						—						—						—						—						—						(91,633)
Balances, November 30, 2019			$	3,662,578					$	29,020					$	1,205,599					$	2,264,038					$	(228,571)					$	1,681,597					$	8,655					$	8,622,916
Reversal of prior year patronage and redemption estimates			3,387						—						(472,398)						—						—						562,398						—						93,387
Distribution of 2019 patronage refunds			—						—						474,066						—						—						(564,096)						—						(90,030)
Redemptions of equities			(2,998)						(20)						(369)						—						—						—						—						(3,387)
Preferred stock dividends			—						—						—						—						—						(42,167)						—						(42,167)
Other, net			(201)						—						3						—						—						10						(324)						(512)
Net income			—						—						—						—						—						125,447						247						125,694
Other comprehensive loss, net of tax			—						—						—						—						(10,585)						—						—						(10,585)
Estimated 2020 cash patronage refunds			—						—						—						—						—						(22,206)						—						(22,206)
Estimated 2020 equity redemptions			(49,154)						—						—						—						—						—						—						(49,154)
Balances, February 29, 2020			$	3,613,612					$	29,000					$	1,206,901					$	2,264,038					$	(239,156)					$	1,740,983					$	8,578					$	8,623,956
Reversal of prior year redemption estimates			67,438						—						10,000						—						—						—						—						77,438
Distribution of 2019 patronage refunds			—						—						327						—						—						(409)						—						(82)
Redemptions of equities			(64,273)						(91)						(13,074)						—						—						—						—						(77,438)
Other, net			(1,544)						(7)						(116)						—						—						1,053						8						(606)
Net income (loss)			—						—						—						—						—						97,648						(147)						97,501
Other comprehensive loss, net of tax			—						—						—						—						(2,009)						—						—						(2,009)
Estimated 2020 cash patronage refunds			—						—						—						—						—						13,551						—						13,551
Estimated 2020 equity redemptions			47,975						—						—						—						—						—						—						47,975
Balances, May 31, 2020			$	3,663,208					$	28,902					$	1,204,038					$	2,264,038					$	(241,165)					$	1,852,826					$	8,439					$	8,780,286

Preferred Stock [Text Block]

Preferred Stock Dividends

    The following is a summary of dividends per share by series of preferred stock for the nine months ended May 31, 2021 and 2020. Note that due to the timing of dividend declarations during the fiscal year, no declarations were made during the third quarter of fiscal 2021 or the third quarter of fiscal 2020.

															Nine Months Ended May 31,
			Nasdaq symbol																		2021						2020
Series of preferred stock:																		(Dollars per share)
8% Cumulative Redeemable			CHSCP																		$	1.50					$	1.50
Class B Cumulative Redeemable, Series 1			CHSCO																		$	1.48					$	1.48
Class B Reset Rate Cumulative Redeemable, Series 2			CHSCN																		$	1.33					$	1.33
Class B Reset Rate Cumulative Redeemable, Series 3			CHSCM																		$	1.27					$	1.27
Class B Cumulative Redeemable, Series 4			CHSCL																		$	1.41					$	1.41

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