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v3.23.3

Segment Reporting (Tables) | 12 Months Ended
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Aug. 31, 2023
Segment Reporting [Abstract] |
Schedule of Segment Information | Segment information for the years ended August 31, 2023, 2022 and 2021, is presented in the tables below.
| Energy |  | Ag |  | Nitrogen Production |  | Corporate and Other |  | Reconciling Amounts |  | Total
Year ended August 31, 2023 | (Dollars in thousands)
Revenues, including intersegment revenues | $ | 10,761,503 |  |  | $ | 35,456,969 |  |  | $ | — |  |  | $ | 82,107 |  |  | $ | (710,575) |  |  | $ | 45,590,004 |
Intersegment revenues | (664,590) |  |  | (31,765) |  |  | — |  |  | (14,220) |  |  | 710,575 |  |  | — |
Revenues, net of intersegment revenues | $ | 10,096,913 |  |  | $ | 35,425,204 |  |  | $ | — |  |  | $ | 67,887 |  |  | $ | — |  |  | $ | 45,590,004 |
Operating earnings (loss) | 1,071,492 |  |  | 346,137 |  |  | (73,828) |  |  | (301) |  |  |  |  | 1,343,500 |
Interest expense | 7,672 |  |  | 71,115 |  |  | 60,090 |  |  | 31,487 |  |  | (32,922) |  |  | 137,442 |
Other income | (19,456) |  |  | (88,061) |  |  | — |  |  | (37,536) |  |  | 32,922 |  |  | (112,131) |
Equity (income) losses from investments | 7,833 |  |  | (48,725) |  |  | (394,678) |  |  | (254,020) |  |  |  |  | (689,590) |
Income before income taxes | $ | 1,075,443 |  |  | $ | 411,808 |  |  | $ | 260,760 |  |  | $ | 259,768 |  |  | $ | — |  |  | $ | 2,007,779 |
Capital expenditures | $ | 204,003 |  |  | $ | 308,690 |  |  | $ | — |  |  | $ | 51,829 |  |  | $ | — |  |  | $ | 564,522 |
Depreciation and amortization | $ | 254,115 |  |  | $ | 166,982 |  |  | $ | — |  |  | $ | 43,518 |  |  | $ | — |  |  | $ | 464,615 |
Total assets as of August 31, 2023 | $ | 4,313,240 |  |  | $ | 7,095,283 |  |  | $ | 2,577,391 |  |  | $ | 4,971,504 |  |  | $ | — |  |  | $ | 18,957,418 |
| Energy |  | Ag |  | Nitrogen Production |  | Corporate and Other |  | Reconciling Amounts |  | Total
Year ended August 31, 2022 | (Dollars in thousands)
Revenues, including intersegment revenues | $ | 10,964,304 |  |  | $ | 37,489,203 |  |  | $ | — |  |  | $ | 45,278 |  |  | $ | (707,119) |  |  | $ | 47,791,666 |
Intersegment revenues | (669,530) |  |  | (28,992) |  |  | — |  |  | (8,597) |  |  | 707,119 |  |  | — |
Revenues, net of intersegment revenues | $ | 10,294,774 |  |  | $ | 37,460,211 |  |  | $ | — |  |  | $ | 36,681 |  |  | $ | — |  |  | $ | 47,791,666 |
Operating earnings (loss) | 633,832 |  |  | 588,070 |  |  | (55,600) |  |  | (37,216) |  |  |  |  | 1,129,086 |
Interest expense | 6,768 |  |  | 59,118 |  |  | 48,110 |  |  | 5,105 |  |  | (4,945) |  |  | 114,156 |
Other (income) expense | (3,474) |  |  | (46,277) |  |  | 11,487 |  |  | 9,559 |  |  | 4,945 |  |  | (23,760) |
Equity (income) losses from investments | 13,987 |  |  | (82,357) |  |  | (593,182) |  |  | (109,775) |  |  |  |  | (771,327) |
Income before income taxes | $ | 616,551 |  |  | $ | 657,586 |  |  | $ | 477,985 |  |  | $ | 57,895 |  |  | $ | — |  |  | $ | 1,810,017 |
Capital expenditures | $ | 116,136 |  |  | $ | 203,851 |  |  | $ | — |  |  | $ | 34,457 |  |  | $ | — |  |  | $ | 354,444 |
Depreciation and amortization | $ | 250,972 |  |  | $ | 173,488 |  |  | $ | — |  |  | $ | 37,512 |  |  | $ | — |  |  | $ | 461,972 |
Total assets as of August 31, 2022 | $ | 4,325,121 |  |  | $ | 8,159,191 |  |  | $ | 2,641,604 |  |  | $ | 3,698,891 |  |  | $ | — |  |  | $ | 18,824,807 |
| Energy |  | Ag |  | Nitrogen Production |  | Corporate and Other |  | Reconciling Amounts |  | Total
Year ended August 31, 2021 | (Dollars in thousands)
Revenues, including intersegment revenues | $ | 6,812,478 |  |  | $ | 32,058,064 |  |  | $ | — |  |  | $ | 46,476 |  |  | $ | (468,985) |  |  | $ | 38,448,033 |
Intersegment revenues | (437,217) |  |  | (22,722) |  |  | — |  |  | (9,046) |  |  | 468,985 |  |  | — |
Revenues, net of intersegment revenues | $ | 6,375,261 |  |  | $ | 32,035,342 |  |  | $ | — |  |  | $ | 37,430 |  |  | $ | — |  |  | $ | 38,448,033 |
Operating earnings (loss) | (15,775) |  |  | 265,362 |  |  | (35,432) |  |  | (8,358) |  |  |  |  | 205,797 |
Interest expense | 1,113 |  |  | 65,099 |  |  | 44,461 |  |  | 1,804 |  |  | (7,912) |  |  | 104,565 |
Other income | (2,819) |  |  | (47,452) |  |  | (2,489) |  |  | (14,711) |  |  | 7,912 |  |  | (59,559) |
Equity income from investments | (3,473) |  |  | (50,381) |  |  | (198,439) |  |  | (102,236) |  |  |  |  | (354,529) |
Income (loss) before income taxes | $ | (10,596) |  |  | $ | 298,096 |  |  | $ | 121,035 |  |  | $ | 106,785 |  |  | $ | — |  |  | $ | 515,320 |
Capital expenditures | $ | 112,160 |  |  | $ | 148,770 |  |  | $ | — |  |  | $ | 56,864 |  |  | $ | — |  |  | $ | 317,794 |
Depreciation and amortization | $ | 245,273 |  |  | $ | 182,210 |  |  | $ | — |  |  | $ | 34,247 |  |  | $ | — |  |  | $ | 461,730 |
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, 2023, 2022 and 2021:
| 2023 |  | 2022 |  | 2021
| (Dollars in thousands)
North America (a) | $ | 43,376,177 |  |  | $ | 45,039,981 |  |  | $ | 36,540,178 |
South America | 378,021 |  |  | 371,493 |  |  | 242,848 |
Europe, Middle East and Africa (EMEA) | 930,052 |  |  | 1,093,974 |  |  | 955,605 |
Asia Pacific (APAC) | 905,754 |  |  | 1,286,218 |  |  | 709,402 |
Total | $ | 45,590,004 |  |  | $ | 47,791,666 |  |  | $ | 38,448,033 |
(a) Revenues in North America are substantially all attributed to revenues from the United States. Tangible long-lived assets include our property, plant and equipment, finance lease assets and capitalized major maintenance costs. The following table presents tangible long-lived assets by geographical region based on physical location:
| 2023 |  | 2022
| (Dollars in thousands)
United States | $ | 5,088,366 |  |  | $ | 4,821,483 |
International | 70,384 |  |  | 70,997 |
Total | $ | 5,158,750 |  |  | $ | 4,892,480 |
Schedule of Long-lived Assets by Geographical Region | The following table presents tangible long-lived assets by geographical region based on physical location:
| 2023 |  | 2022
| (Dollars in thousands)
United States | $ | 5,088,366 |  |  | $ | 4,821,483 |
International | 70,384 |  |  | 70,997 |
Total | $ | 5,158,750 |  |  | $ | 4,892,480 |

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