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v3.23.3

Other Assets (Tables) | 12 Months Ended
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Aug. 31, 2023
Other Assets [Abstract] |
Schedule of Other Assets | Other assets as of August 31, 2023 and 2022, are as follows:
| 2023 |  | 2022
| (Dollars in thousands)
Goodwill | $ | 179,976 |  |  | $ | 179,976 |
Customer lists, trademarks and other intangible assets | 46,980 |  |  | 53,165 |
Notes receivable (Note 3) | 76,919 |  |  | 46,012 |
Long-term derivative assets (Note 15) | 1,119 |  |  | 8,546 |
Prepaid pension and other benefits (Note 13) | 78,819 |  |  | 74,810 |
Capitalized major maintenance | 289,377 |  |  | 147,521 |
Cash value life insurance | 134,126 |  |  | 128,876 |
Operating lease right of use assets (Note 19) | 254,844 |  |  | 242,859 |
Other | 68,364 |  |  | 92,230 |
Total other assets | $ | 1,130,524 |  |  | $ | 973,995 |
Changes in the Net Carrying Amount of Goodwill |
| Energy |  | Ag |  | Corporate and Other |  | Total
| (Dollars in thousands)
Balances, August 31, 2021 | $ | 552 |  |  | $ | 160,475 |  |  | $ | 10,574 |  |  | $ | 171,601 |
Goodwill acquired during the period | 8,906 |  |  | — |  |  | — |  |  | 8,906 |
Goodwill disposed of during the period | — |  |  | (531) |  |  | — |  |  | (531) |
Balances, August 31, 2022 | $ | 9,458 |  |  | $ | 159,944 |  |  | $ | 10,574 |  |  | $ | 179,976 |
Schedule of Intangible Assets included in Other Assets | Information regarding intangible assets is as follows:
| August 31, 2023 |  | August 31, 2022
| Carrying Amount |  | Accumulated Amortization |  | Net |  | Carrying Amount |  | Accumulated Amortization |  | Net
| (Dollars in thousands)
Customer lists | $ | 85,341 |  |  | $ | (41,374) |  |  | $ | 43,967 |  |  | $ | 84,565 |  |  | $ | (35,280) |  |  | $ | 49,285 |
Trademarks and other intangible assets | 11,332 |  |  | (8,319) |  |  | 3,013 |  |  | 11,902 |  |  | (8,022) |  |  | 3,880 |
Total intangible assets | $ | 96,673 |  |  | $ | (49,693) |  |  | $ | 46,980 |  |  | $ | 96,467 |  |  | $ | (43,302) |  |  | $ | 53,165 |
Estimated Amortization Expense Related to Intangible Assets Subject to Amortization | The estimated annual amortization expense related to intangible assets subject to amortization for future years is as follows:
| (Dollars in thousands)
2024 | $ | 6,631 |
2025 | 6,415 |
2026 | 6,233 |
2027 | 6,178 |
2028 | 6,178 |
Thereafter | 15,345 |
Total | $ | 46,980 |
Activity Related to Capitalized Major Maintenance Costs at Refineries | Activity related to capitalized major maintenance costs at our refineries for the years ended August 31, 2023, 2022 and 2021, is summarized below:
| Balance at Beginning of Year |  | Cost Deferred |  | Amortization |  |  |  | Balance at End of Year
| (Dollars in thousands)
2023 | $ | 147,521 |  |  | $ | 216,762 |  |  | $ | (74,906) |  |  |  |  | $ | 289,377 |
2022 | 196,641 |  |  | 25,401 |  |  | (74,521) |  |  |  |  | 147,521 |
2021 | 228,511 |  |  | 41,899 |  |  | (73,769) |  |  |  |  | 196,641 |

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