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Revenues (Notes)
 9 Months Ended
May 31, 2021
Revenue from Contract with Customer [Abstract]  
Revenues Revenues
    The following table presents revenues recognized under Accounting Standards Codification ("ASC") Topic 606, Revenue from Contracts with Customers ("ASC Topic 606"), disaggregated by reportable segment, as well as the amount of revenues recognized under ASC Topic 815, Derivatives and Hedging ("ASC Topic 815"), and other applicable accounting guidance for the three and nine months ended May 31, 2021 and 2020. Other applicable accounting guidance primarily includes revenues recognized under ASC Topic 842, Leases, and ASC Topic 470, Debt, that fall outside the scope of ASC Topic 606.
ASC Topic 606ASC Topic 815Other GuidanceTotal Revenues
Three Months Ended May 31, 2021(Dollars in thousands)
Energy$1,533,643 $171,155 $— $1,704,798 
Ag2,810,389 6,389,677 16,138 9,216,204 
Corporate and Other3,929 — 5,045 8,974 
Total revenues
$4,347,961 $6,560,832 $21,183 $10,929,976 
Three Months Ended May 31, 2020
Energy$762,053 $128,866 $— $890,919 
Ag2,026,588 4,290,627 20,686 6,337,901 
Corporate and Other6,027 — 6,184 12,211 
Total revenues
$2,794,668 $4,419,493 $26,870 $7,241,031 
Nine Months Ended May 31, 2021
Energy$3,841,678 $493,125 $— $4,334,803 
Ag5,324,396 18,232,235 43,187 23,599,818 
Corporate and Other14,925 — 16,232 31,157 
Total revenues
$9,180,999 $18,725,360 $59,419 $27,965,778 
Nine Months Ended May 31, 2020
Energy$3,831,806 $415,586 $— $4,247,392 
Ag4,446,097 12,681,108 46,753 17,173,958 
Corporate and Other16,910 — 22,482 39,392 
Total revenues
$8,294,813 $13,096,694 $69,235 $21,460,742 

    Less than 1% of revenues accounted for under ASC Topic 606 included within the table above are recorded over time; these revenues are primarily related to service contracts.

Contract Assets and Contract Liabilities

    Contract assets relate to unbilled amounts arising from goods that have already been transferred to the customer where the right to payment is not conditional on the passage of time. This results in recognition of an asset, as the amount of revenue recognized at a certain point in time exceeds the amount billed to the customer. Contract assets are recorded in receivables within our Condensed Consolidated Balance Sheets and were not material as of May 31, 2021, or August 31, 2020.

    Contract liabilities relate to advance payments from customers for goods and services that we have yet to provide. Contract liabilities of $318.8 million and $139.1 million as of May 31, 2021, and August 31, 2020, respectively, are recorded within other current liabilities on our Condensed Consolidated Balance Sheets. For the three months ended May 31, 2021 and 2020, we recognized revenues of $34.2 million and $50.5 million related to contract liabilities, respectively. For the nine months ended May 31, 2021 and 2020, we recognized revenues of $126.2 million and $182.0 million related to contract liabilities, respectively. These amounts were included in the other current liabilities balance at the beginning of the respective periods.