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Equities
 9 Months Ended
May 31, 2023
Equity [Abstract]  
Equities
Changes in Equities

Changes in equities for the three months ended May 31, 2023 and 2022, are as follows:
 Equity Certificates Accumulated
Other
Comprehensive
Loss		   
Capital
Equity
Certificates		Nonpatronage
Equity
Certificates		Nonqualified Equity CertificatesPreferred
Stock		Capital
Reserves		Noncontrolling
Interests		Total
Equities
 (Dollars in thousands)
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 
Reversal of prior year patronage and redemption estimates462,690 — — — — 119,360 — 582,050 
Distribution of 2022 patronage refunds2,615 — 1,226 — — (124,889)— (121,048)
Redemptions of equities
(457,679)(112)(4,898)— — — — (462,689)
Other, net
(678)(44)(115)— — 574 (16)(279)
Net income (loss)— — — — — 547,499 (156)547,343 
Other comprehensive loss, net of tax— — — — (3,108)— — (3,108)
Estimated 2023 cash patronage refunds— — — — — (144,105)— (144,105)
Estimated 2023 equity redemptions(144,105)— — — — — — (144,105)
Balances, May 31, 2023$3,169,983 $27,705 $1,768,057 $2,264,038 $(260,271)$3,108,946 $4,920 $10,083,378 
 Equity Certificates Accumulated
Other
Comprehensive
Loss		   
Capital
Equity
Certificates		Nonpatronage
Equity
Certificates		Nonqualified Equity CertificatesPreferred
Stock		Capital
Reserves		Noncontrolling
Interests		Total
Equities
 (Dollars in thousands)
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 
Reversal of prior year patronage and redemption estimates81,731 — — — — 20,170 — 101,901 
Distribution of 2021 patronage refunds— — 4,205 — — (25,188)— (20,983)
Redemptions of equities
(78,616)(90)(3,038)— — — — (81,744)
Other, net
(2,228)(1)(6,809)— — 1,105 (295)(8,228)
Net income (loss)— — — — — 576,574 (329)576,245 
Other comprehensive loss, net of tax— — — — (18,221)— — (18,221)
Estimated 2022 cash patronage refunds— — — — — (58,745)— (58,745)
Estimated 2022 equity redemptions(117,491)— — — — — — (117,491)
Balances, May 31, 2022$3,345,398 $28,019 $1,627,176 $2,264,038 $(240,076)$2,710,344 $6,279 $9,741,178 

    Changes in equities for the nine months ended May 31, 2023 and 2022, are as follows:
 Equity Certificates Accumulated
Other
Comprehensive
Loss		   
Capital
Equity
Certificates		Nonpatronage
Equity
Certificates		Nonqualified Equity CertificatesPreferred
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(28,368)— (153,858)— — 1,162,661 — 980,435 
Distribution of 2022 patronage refunds516,246 — 154,484 — — (1,173,668)— (502,938)
Redemptions of equities
(471,589)(184)(8,662)— — — — (480,435)
Preferred stock dividends
— — — — — (126,501)— (126,501)
Other, net
(390)(44)(79)— — 1,401 (614)274 
Net income (loss)— — — — — 1,622,418 (111)1,622,307 
Other comprehensive loss, net of tax— — — — (4,936)— — (4,936)
Estimated 2023 cash patronage refunds— — — — — (433,047)— (433,047)
Estimated 2023 equity redemptions(433,047)— — — — — — (433,047)
Balances, May 31, 2023$3,169,983 $27,705 $1,768,057 $2,264,038 $(260,271)$3,108,946 $4,920 $10,083,378 
 Equity Certificates Accumulated
Other
Comprehensive
Loss		   
Capital
Equity
Certificates		Nonpatronage
Equity
Certificates		Nonqualified Equity CertificatesPreferred
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 estimates99,216 — (230,290)— — 280,290 — 149,216 
Distribution of 2021 patronage refunds— — 235,576 — — (286,602)— (51,026)
Redemptions of equities
(92,668)(428)(6,133)— — — — (99,229)
Preferred stock dividends
— — — — — (126,501)— (126,501)
Other, net
(3,256)16 (6,873)— — 2,548 (1,735)(9,300)
Net income (loss)— — — — — 1,247,535 (451)1,247,084 
Other comprehensive loss, net of tax— — — — (23,685)— — (23,685)
Estimated 2022 cash patronage refunds— — — — — (120,902)— (120,902)
Estimated 2022 equity redemptions(241,805)— — — — — — (241,805)
Balances, May 31, 2022$3,345,398 $28,019 $1,627,176 $2,264,038 $(240,076)$2,710,344 $6,279 $9,741,178 

Preferred Stock Dividends

    The following is a summary of dividends declared per share by series of preferred stock for the nine months ended May 31, 2023. Due to the timing of dividend declarations throughout the fiscal year, no declarations were made during the three months ended May 31, 2023 or 2022.
Nine Months Ended May 31,
Nasdaq symbol20232022
Series of preferred stock:(Dollars per share)
8% Cumulative Redeemable
CHSCP$1.50 $1.50 
Class B Cumulative Redeemable, Series 1
CHSCO$1.48 $1.48 
Class B Reset Rate Cumulative Redeemable, Series 2
CHSCN$1.33 $1.33 
Class B Reset Rate Cumulative Redeemable, Series 3
CHSCM$1.27 $1.27 
Class B Cumulative Redeemable, Series 4
CHSCL$1.41 $1.41 

Accumulated Other Comprehensive Income (Loss)    

Changes in accumulated other comprehensive income (loss) by component for the three months ended May 31, 2023 and 2022, are as follows:
Pension and Other Postretirement BenefitsCash Flow HedgesForeign Currency Translation AdjustmentTotal
(Dollars in thousands)
Balance as of February 28, 2023, net of tax$(164,089)$3,779 $(96,853)$(257,163)
Other comprehensive income (loss), before tax:
Amounts before reclassifications
148 (1,051)(800)(1,703)
Amounts reclassified
23 (2,289)— (2,266)
Total other comprehensive income (loss), before tax171 (3,340)(800)(3,969)
Tax effect
(41)809 93 861 
Other comprehensive income (loss), net of tax130 (2,531)(707)(3,108)
Balance as of May 31, 2023, net of tax$(163,959)$1,248 $(97,560)$(260,271)
Pension and Other Postretirement BenefitsCash Flow HedgesForeign Currency Translation AdjustmentTotal
(Dollars in thousands)
Balance as of February 28, 2022, net of tax$(133,036)$(4,870)$(83,949)$(221,855)
Other comprehensive income (loss), before tax:
Amounts before reclassifications
369 (39,169)2,497 (36,303)
Amounts reclassified
5,560 5,782 — 11,342 
Total other comprehensive income (loss), before tax5,929 (33,387)2,497 (24,961)
Tax effect
(1,444)8,130 54 6,740 
Other comprehensive income (loss), net of tax4,485 (25,257)2,551 (18,221)
Balance as of May 31, 2022, net of tax$(128,551)$(30,127)$(81,398)$(240,076)

Changes in accumulated other comprehensive income (loss) by component for the nine months ended May 31, 2023 and 2022, are as follows:
Pension and Other Postretirement BenefitsCash Flow HedgesForeign Currency Translation AdjustmentTotal
(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
351 (24,392)(2,288)(26,329)
Amounts reclassified
70 14,368 — 14,438 
Total other comprehensive income (loss), before tax421 (10,024)(2,288)(11,891)
Tax effect
4,260 2,429 266 6,955 
Other comprehensive income (loss), net of tax4,681 (7,595)(2,022)(4,936)
Balance as of May 31, 2023, net of tax$(163,959)$1,248 $(97,560)$(260,271)
Pension and Other Postretirement BenefitsCash Flow HedgesForeign Currency Translation AdjustmentTotal
(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
286 (34,325)(1,679)(35,718)
Amounts reclassified
16,680 (11,877)— 4,803 
Total other comprehensive income (loss), before tax16,966 (46,202)(1,679)(30,915)
Tax effect
(4,132)11,251 111 7,230 
Other comprehensive income (loss), net of tax12,834 (34,951)(1,568)(23,685)
Balance as of May 31, 2022, net of tax$(128,551)$(30,127)$(81,398)$(240,076)

    Amounts reclassified from accumulated other comprehensive income (loss) were related to pension and other postretirement benefits, cash flow hedges and foreign currency translation adjustments. Pension and other postretirement reclassifications include amortization of net actuarial loss, prior service credit and transition amounts and are recorded as cost of goods sold and marketing, general and administrative expenses (see Note 9, Benefit Plans, for further information). As described in Note 11, Derivative Financial Instruments and Hedging Activities, amounts reclassified from accumulated other comprehensive loss for cash flow hedges are recorded as cost of goods sold. Gains or losses on foreign currency translation reclassifications are recorded as other income.