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Revenues (Notes)
 9 Months Ended
May 31, 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 nine months ended May 31, 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 May 31, 2023(Dollars in thousands)
Energy$1,980,243 $283,844 $— $2,264,087 
Ag3,295,312 6,444,559 4,105 9,743,976 
Corporate and Other6,388 — 11,600 17,988 
Total revenues
$5,281,943 $6,728,403 $15,705 $12,026,051 
Three Months Ended May 31, 2022
Energy$2,529,311 $246,631 $— $2,775,942 
Ag3,460,390 6,883,785 8,194 10,352,369 
Corporate and Other4,205 — 5,208 9,413 
Total revenues
$5,993,906 $7,130,416 $13,402 $13,137,724 
ASC Topic 606ASC Topic 815Other GuidanceTotal Revenues
Nine Months Ended May 31, 2023(Dollars in thousands)
Energy$6,775,463 $776,831 $— $7,552,294 
Ag7,757,867 20,724,153 15,670 28,497,690 
Corporate and Other18,874 — 29,880 48,754 
Total revenues
$14,552,204 $21,500,984 $45,550 $36,098,738 
Nine Months Ended May 31, 2022
Energy$6,426,092 $681,836 $— $7,107,928 
Ag8,056,676 19,139,417 21,466 27,217,559 
Corporate and Other11,785 — 13,797 25,582 
Total revenues
$14,494,553 $19,821,253 $35,263 $34,351,069 

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 $51.7 million and $17.2 million as of May 31, 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 $318.0 million and $541.5 million as of May 31, 2023, and August 31, 2022, respectively, are recorded within other current liabilities on our Condensed Consolidated Balance Sheets. For the three months ended May 31, 2023 and 2022, we recognized revenues of $93.1 million and $48.1 million related to contract liabilities, respectively. For the nine months ended May 31, 2023 and 2022, we recognized revenues of $285.3 million and $213.9 million related to contract liabilities, respectively. These amounts were included in the other current liabilities balance at the beginning of the respective period.