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v3.23.1

Equities (Tables) | 6 Months Ended
--- | ---
Feb. 28, 2023
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 November 30, 2022, net of tax | $ | (160,116) |  |  | $ | (11,364) |  |  | $ | (97,473) |  |  | $ | (268,953) |
Other comprehensive income (loss), before tax: |  |  |  |  |  |  |
Amounts before reclassifications | 269 |  |  | 10,558 |  |  | 739 |  |  | 11,566 |
Amounts reclassified | (5,513) |  |  | 9,428 |  |  | — |  |  | 3,915 |
Total other comprehensive income (loss), before tax | (5,244) |  |  | 19,986 |  |  | 739 |  |  | 15,481 |
Tax effect | 1,271 |  |  | (4,843) |  |  | (119) |  |  | (3,691) |
Other comprehensive income (loss), net of tax | (3,973) |  |  | 15,143 |  |  | 620 |  |  | 11,790 |
Balance as of February 28, 2023, net of tax | $ | (164,089) |  |  | $ | 3,779 |  |  | $ | (96,853) |  |  | $ | (257,163) |
| Pension and Other Postretirement Benefits |  | Cash Flow Hedges |  | Foreign Currency Translation Adjustment |  | Total
| (Dollars in thousands)
Balance as of November 30, 2021, net of tax | $ | (137,617) |  |  | $ | (4,317) |  |  | $ | (89,875) |  |  | $ | (231,809) |
Other comprehensive income (loss), before tax: |  |  |  |  |  |  |
Amounts before reclassifications | — |  |  | 3,974 |  |  | 5,807 |  |  | 9,781 |
Amounts reclassified | 6,056 |  |  | (4,705) |  |  | — |  |  | 1,351 |
Total other comprehensive income (loss), before tax | 6,056 |  |  | (731) |  |  | 5,807 |  |  | 11,132 |
Tax effect | (1,475) |  |  | 178 |  |  | 119 |  |  | (1,178) |
Other comprehensive income (loss), net of tax | 4,581 |  |  | (553) |  |  | 5,926 |  |  | 9,954 |
Balance as of February 28, 2022, net of tax | $ | (133,036) |  |  | $ | (4,870) |  |  | $ | (83,949) |  |  | $ | (221,855) |
Changes in accumulated other comprehensive income (loss) by component for the six months ended February 28, 2023 and 2022, are as follows:
| Pension and Other Postretirement Benefits |  | Cash Flow Hedges |  | Foreign Currency Translation Adjustment |  | Total
| (Dollars in thousands)
Balance as of August 31, 2022, net of tax | $ | (168,640) |  |  | $ | 8,843 |  |  | $ | (95,538) |  |  | $ | (255,335) |
Other comprehensive income (loss), before tax: |  |  |  |  |  |  |
Amounts before reclassifications | 203 |  |  | (23,341) |  |  | (1,488) |  |  | (24,626) |
Amounts reclassified | 47 |  |  | 16,657 |  |  | — |  |  | 16,704 |
Total other comprehensive income (loss), before tax | 250 |  |  | (6,684) |  |  | (1,488) |  |  | (7,922) |
Tax effect | 4,301 |  |  | 1,620 |  |  | 173 |  |  | 6,094 |
Other comprehensive income (loss), net of tax | 4,551 |  |  | (5,064) |  |  | (1,315) |  |  | (1,828) |
Balance as of February 28, 2023, net of tax | $ | (164,089) |  |  | $ | 3,779 |  |  | $ | (96,853) |  |  | $ | (257,163) |
| Pension and Other Postretirement Benefits |  | Cash Flow Hedges |  | Foreign Currency Translation Adjustment |  | Total
| (Dollars in thousands)
Balance as of August 31, 2021, net of tax | $ | (141,385) |  |  | $ | 4,824 |  |  | $ | (79,830) |  |  | $ | (216,391) |
Other comprehensive income (loss), before tax: |  |  |  |  |  |  |
Amounts before reclassifications | (83) |  |  | 4,844 |  |  | (4,176) |  |  | 585 |
Amounts reclassified | 11,120 |  |  | (17,659) |  |  | — |  |  | (6,539) |
Total other comprehensive income (loss), before tax | 11,037 |  |  | (12,815) |  |  | (4,176) |  |  | (5,954) |
Tax effect | (2,688) |  |  | 3,121 |  |  | 57 |  |  | 490 |
Other comprehensive income (loss), net of tax | 8,349 |  |  | (9,694) |  |  | (4,119) |  |  | (5,464) |
Balance as of February 28, 2022, net of tax | $ | (133,036) |  |  | $ | (4,870) |  |  | $ | (83,949) |  |  | $ | (221,855) |
Schedule of Stockholders Equity | Changes in equities for the six months ended February 28, 2023 and 2022, 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, 2022 | $ | 3,587,131 |  |  | $ | 27,933 |  |  | $ | 1,776,172 |  |  | $ | 2,264,038 |  |  | $ | (255,335) |  |  | $ | 2,055,682 |  |  | $ | 5,645 |  |  | $ | 9,461,266 |
Reversal of prior year patronage and redemption estimates | (491,058) |  |  | — |  |  | (153,858) |  |  | — |  |  | — |  |  | 1,043,301 |  |  | — |  |  | 398,385 |
Distribution of 2022 patronage refunds | 513,631 |  |  | — |  |  | 153,258 |  |  | — |  |  | — |  |  | (1,048,779) |  |  | — |  |  | (381,890) |
Redemptions of equities | (13,910) |  |  | (72) |  |  | (3,764) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (17,746) |
Preferred stock dividends | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (126,501) |  |  | — |  |  | (126,501) |
Other, net | 288 |  |  | — |  |  | 36 |  |  | — |  |  | — |  |  | 827 |  |  | (598) |  |  | 553 |
Net income | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,074,919 |  |  | 45 |  |  | 1,074,964 |
Other comprehensive loss, net of tax | — |  |  | — |  |  | — |  |  | — |  |  | (1,828) |  |  | — |  |  | — |  |  | (1,828) |
Estimated 2023 cash patronage refunds | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (288,942) |  |  | — |  |  | (288,942) |
Estimated 2023 equity redemptions | (288,942) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (288,942) |
Balances, February 28, 2023 | $ | 3,307,140 |  |  | $ | 27,861 |  |  | $ | 1,771,844 |  |  | $ | 2,264,038 |  |  | $ | (257,163) |  |  | $ | 2,710,507 |  |  | $ | 5,092 |  |  | $ | 9,829,319 |
| 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, 2021 | $ | 3,583,911 |  |  | $ | 28,431 |  |  | $ | 1,634,896 |  |  | $ | 2,264,038 |  |  | $ | (216,391) |  |  | $ | 1,713,976 |  |  | $ | 8,465 |  |  | $ | 9,017,326 |
Reversal of prior year patronage and redemption estimates | 17,485 |  |  | — |  |  | (230,290) |  |  | — |  |  | — |  |  | 260,120 |  |  | — |  |  | 47,315 |
Distribution of 2021 patronage refunds | — |  |  | — |  |  | 231,371 |  |  | — |  |  | — |  |  | (261,414) |  |  | — |  |  | (30,043) |
Redemptions of equities | (14,052) |  |  | (338) |  |  | (3,095) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (17,485) |
Preferred stock dividends | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (126,501) |  |  | — |  |  | (126,501) |
Other, net | (1,028) |  |  | 17 |  |  | (64) |  |  | — |  |  | — |  |  | 1,443 |  |  | (1,440) |  |  | (1,072) |
Net income (loss) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 670,961 |  |  | (122) |  |  | 670,839 |
Other comprehensive loss, net of tax | — |  |  | — |  |  | — |  |  | — |  |  | (5,464) |  |  | — |  |  | — |  |  | (5,464) |
Estimated 2022 cash patronage refunds | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (62,157) |  |  | — |  |  | (62,157) |
Estimated 2022 equity redemptions | (124,314) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (124,314) |
Balances, February 28, 2022 | $ | 3,462,002 |  |  | $ | 28,110 |  |  | $ | 1,632,818 |  |  | $ | 2,264,038 |  |  | $ | (221,855) |  |  | $ | 2,196,428 |  |  | $ | 6,903 |  |  | $ | 9,368,444 |
Preferred Stock [Text Block] | Preferred Stock Dividends The following is a summary of dividends declared per share by series of preferred stock for the three and six months ended February 28, 2023 and 2022.
|  |  | Three Months Ended February 28, |  | Six Months Ended February 28,
| Nasdaq symbol |  | 2023 |  | 2022 |  | 2023 |  | 2022
Series of preferred stock: |  |  | (Dollars per share)
8% Cumulative Redeemable | CHSCP |  | $ | 0.50 |  |  | $ | 0.50 |  |  | $ | 1.50 |  |  | $ | 1.50 |
Class B Cumulative Redeemable, Series 1 | CHSCO |  | $ | 0.49 |  |  | $ | 0.49 |  |  | $ | 1.48 |  |  | $ | 1.48 |
Class B Reset Rate Cumulative Redeemable, Series 2 | CHSCN |  | $ | 0.44 |  |  | $ | 0.44 |  |  | $ | 1.33 |  |  | $ | 1.33 |
Class B Reset Rate Cumulative Redeemable, Series 3 | CHSCM |  | $ | 0.42 |  |  | $ | 0.42 |  |  | $ | 1.27 |  |  | $ | 1.27 |
Class B Cumulative Redeemable, Series 4 | CHSCL |  | $ | 0.47 |  |  | $ | 0.47 |  |  | $ | 1.41 |  |  | $ | 1.41 |

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