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v3.24.3

Segment Reporting (Tables) | 12 Months Ended
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Aug. 31, 2024
Segment Reporting [Abstract] |
Schedule of Segment Information | Segment information for the years ended August 31, 2024, 2023 and 2022, is presented in the tables below.
| Energy |  | Ag |  | Nitrogen Production |  | Corporate and Other |  | Reconciling Amounts |  | Total
Year ended August 31, 2024 | (Dollars in thousands)
Revenues, including intersegment revenues | $ | 9,339,079 |  |  | $ | 30,432,758 |  |  | $ | — |  |  | $ | 94,113 |  |  | $ | (604,721) |  |  | $ | 39,261,229 |
Intersegment revenues | (572,584) |  |  | (15,899) |  |  | — |  |  | (16,238) |  |  | 604,721 |  |  | — |
Revenues, net of intersegment revenues | $ | 8,766,495 |  |  | $ | 30,416,859 |  |  | $ | — |  |  | $ | 77,875 |  |  | $ | — |  |  | $ | 39,261,229 |
Operating earnings (loss) | 403,854 |  |  | 241,327 |  |  | (71,530) |  |  | 10,707 |  |  | — |  |  | 584,358 |
Interest expense | (16,773) |  |  | 61,982 |  |  | 61,942 |  |  | 22,027 |  |  | (25,114) |  |  | 104,064 |
Other income | (11,283) |  |  | (98,142) |  |  | (9,176) |  |  | (44,143) |  |  | 25,114 |  |  | (137,630) |
Equity (income) losses from investments | 2,857 |  |  | (65,190) |  |  | (275,531) |  |  | (141,999) |  |  | — |  |  | (479,863) |
Income before income taxes | $ | 429,053 |  |  | $ | 342,677 |  |  | $ | 151,235 |  |  | $ | 174,822 |  |  | $ | — |  |  | $ | 1,097,787 |
Capital expenditures | $ | 204,151 |  |  | $ | 426,291 |  |  | $ | — |  |  | $ | 178,321 |  |  | $ | — |  |  | $ | 808,763 |
Depreciation and amortization | $ | 255,795 |  |  | $ | 178,400 |  |  | $ | — |  |  | $ | 47,529 |  |  | $ | — |  |  | $ | 481,724 |
Total assets as of August 31, 2024 | $ | 4,262,974 |  |  | $ | 7,279,846 |  |  | $ | 2,544,530 |  |  | $ | 4,627,725 |  |  | $ | — |  |  | $ | 18,715,075 |
| Energy |  | Ag |  | Nitrogen Production |  | Corporate and Other |  | Reconciling Amounts |  | Total
Year ended August 31, 2023 | (Dollars in thousands)
Revenues, including intersegment revenues | $ | 10,761,503 |  |  | $ | 35,456,969 |  |  | $ | — |  |  | $ | 82,107 |  |  | $ | (710,575) |  |  | $ | 45,590,004 |
Intersegment revenues | (664,590) |  |  | (31,765) |  |  | — |  |  | (14,220) |  |  | 710,575 |  |  | — |
Revenues, net of intersegment revenues | $ | 10,096,913 |  |  | $ | 35,425,204 |  |  | $ | — |  |  | $ | 67,887 |  |  | $ | — |  |  | $ | 45,590,004 |
Operating earnings (loss) | 1,071,492 |  |  | 346,137 |  |  | (73,828) |  |  | (301) |  |  | — |  |  | 1,343,500 |
Interest expense | 7,672 |  |  | 71,115 |  |  | 60,090 |  |  | 31,487 |  |  | (32,922) |  |  | 137,442 |
Other income | (19,456) |  |  | (88,061) |  |  | — |  |  | (37,536) |  |  | 32,922 |  |  | (112,131) |
Equity (income) losses from investments | 7,833 |  |  | (48,725) |  |  | (394,678) |  |  | (254,020) |  |  | — |  |  | (689,590) |
Income before income taxes | $ | 1,075,443 |  |  | $ | 411,808 |  |  | $ | 260,760 |  |  | $ | 259,768 |  |  | $ | — |  |  | $ | 2,007,779 |
Capital expenditures | $ | 204,003 |  |  | $ | 308,690 |  |  | $ | — |  |  | $ | 51,829 |  |  | $ | — |  |  | $ | 564,522 |
Depreciation and amortization | $ | 254,115 |  |  | $ | 166,982 |  |  | $ | — |  |  | $ | 43,518 |  |  | $ | — |  |  | $ | 464,615 |
Total assets as of August 31, 2023 | $ | 4,313,240 |  |  | $ | 7,095,283 |  |  | $ | 2,577,391 |  |  | $ | 4,971,504 |  |  | $ | — |  |  | $ | 18,957,418 |
| Energy |  | Ag |  | Nitrogen Production |  | Corporate and Other |  | Reconciling Amounts |  | Total
Year ended August 31, 2022 | (Dollars in thousands)
Revenues, including intersegment revenues | $ | 10,964,304 |  |  | $ | 37,489,203 |  |  | $ | — |  |  | $ | 45,278 |  |  | $ | (707,119) |  |  | $ | 47,791,666 |
Intersegment revenues | (669,530) |  |  | (28,992) |  |  | — |  |  | (8,597) |  |  | 707,119 |  |  | — |
Revenues, net of intersegment revenues | $ | 10,294,774 |  |  | $ | 37,460,211 |  |  | $ | — |  |  | $ | 36,681 |  |  | $ | — |  |  | $ | 47,791,666 |
Operating earnings (loss) | 633,832 |  |  | 588,070 |  |  | (55,600) |  |  | (37,216) |  |  | — |  |  | 1,129,086 |
Interest expense | 6,768 |  |  | 59,118 |  |  | 48,110 |  |  | 5,105 |  |  | (4,945) |  |  | 114,156 |
Other (income) expense | (3,474) |  |  | (46,277) |  |  | 11,487 |  |  | 9,559 |  |  | 4,945 |  |  | (23,760) |
Equity (income) losses from investments | 13,987 |  |  | (82,357) |  |  | (593,182) |  |  | (109,775) |  |  | — |  |  | (771,327) |
Income before income taxes | $ | 616,551 |  |  | $ | 657,586 |  |  | $ | 477,985 |  |  | $ | 57,895 |  |  | $ | — |  |  | $ | 1,810,017 |
Capital expenditures | $ | 116,136 |  |  | $ | 203,851 |  |  | $ | — |  |  | $ | 34,457 |  |  | $ | — |  |  | $ | 354,444 |
Depreciation and amortization | $ | 250,972 |  |  | $ | 173,488 |  |  | $ | — |  |  | $ | 37,512 |  |  | $ | — |  |  | $ | 461,972 |
Schedule of Sales Based on Geographic Locations | The following table presents our sales, based on the geographic location of the subsidiary making the sale, for the years ended August 31, 2024, 2023 and 2022:
| 2024 |  | 2023 |  | 2022
| (Dollars in thousands)
North America (a) | $ | 36,876,847 |  |  | $ | 43,376,177 |  |  | $ | 45,039,981 |
South America | 515,177 |  |  | 378,021 |  |  | 371,493 |
Europe, Middle East and Africa (EMEA) | 693,454 |  |  | 930,052 |  |  | 1,093,974 |
Asia Pacific (APAC) | 1,175,751 |  |  | 905,754 |  |  | 1,286,218 |
Total | $ | 39,261,229 |  |  | $ | 45,590,004 |  |  | $ | 47,791,666 |
(a) Revenues in North America are substantially all attributed to revenues from the United States. Tangible long-lived assets include our property, plant and equipment, finance lease assets and capitalized major maintenance costs. The following table presents tangible long-lived assets by geographical region based on physical location:
| 2024 |  | 2023
| (Dollars in thousands)
United States | $ | 5,330,168 |  |  | $ | 5,088,366 |
International | 70,306 |  |  | 70,384 |
Total | $ | 5,400,474 |  |  | $ | 5,158,750 |
Schedule of Long-lived Assets by Geographical Region | The following table presents tangible long-lived assets by geographical region based on physical location:
| 2024 |  | 2023
| (Dollars in thousands)
United States | $ | 5,330,168 |  |  | $ | 5,088,366 |
International | 70,306 |  |  | 70,384 |
Total | $ | 5,400,474 |  |  | $ | 5,158,750 |

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