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Revenues (Notes)
 6 Months Ended
Feb. 28, 2023
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 six months ended February 28, 2023 and 2022. Other applicable accounting guidance primarily includes revenues recognized under ASC Topic 470, Debt, and ASC Topic 842, Leases, that fall outside the scope of ASC Topic 606.
ASC Topic 606ASC Topic 815Other GuidanceTotal Revenues
Three Months Ended February 28, 2023(Dollars in thousands)
Energy$1,993,065 $175,836 $— $2,168,901 
Ag1,849,095 7,270,241 1,134 9,120,470 
Corporate and Other6,787 — 10,690 17,477 
Total revenues
$3,848,947 $7,446,077 $11,824 $11,306,848 
Three Months Ended February 28, 2022
Energy$1,849,505 $178,494 $— $2,027,999 
Ag2,066,065 6,224,661 5,205 8,295,931 
Corporate and Other3,989 — 4,669 8,658 
Total revenues
$3,919,559 $6,403,155 $9,874 $10,332,588 
ASC Topic 606ASC Topic 815Other GuidanceTotal Revenues
Six Months Ended February 28, 2023(Dollars in thousands)
Energy$4,795,220 $492,987 $— $5,288,207 
Ag4,462,555 14,279,594 11,565 18,753,714 
Corporate and Other12,486 — 18,280 30,766 
Total revenues
$9,270,261 $14,772,581 $29,845 $24,072,687 
Six Months Ended February 28, 2022
Energy$3,896,781 $435,205 $— $4,331,986 
Ag4,597,682 12,254,260 13,248 16,865,190 
Corporate and Other7,579 — 8,590 16,169 
Total revenues
$8,502,042 $12,689,465 $21,838 $21,213,345 

Less than 1% of revenues accounted for under ASC Topic 606 included within the tables above are recorded over time and relate primarily 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 customers. Contract assets are recorded in receivables within our Condensed Consolidated Balance Sheets and were $40.2 million and $17.2 million as of February 28, 2023, and August 31, 2022, respectively.

Contract liabilities relate to advance payments received from customers for goods and services that we have yet to provide. Contract liabilities of $969.2 million and $541.5 million as of February 28, 2023, and August 31, 2022, respectively, are recorded within other current liabilities on our Condensed Consolidated Balance Sheets. For the three months ended February 28, 2023 and 2022, we recognized revenues of $70.2 million and $58.7 million related to contract liabilities, respectively. For the six months ended February 28, 2023 and 2022, we recognized revenues of $192.2 million and $165.8 million related to contract liabilities, respectively. These amounts were included in the other current liabilities balance at the beginning of the respective period.