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Notes Payable and Long-Term Debt (Tables) | 12 Months Ended
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Aug. 31, 2024
Debt Disclosure [Abstract] |
Schedule of notes payable | Notes payable as of August 31, 2024 and 2023, consisted of the following:
|  | Weighted-Average Interest Rate |  |  |  |
|  | 2024 |  | 2023 |  | 2024 |  | 2023
|  |  |  |  |  | (Dollars in thousands)
Notes payable |  | 3.64% |  | 5.37% |  | $ | 163,136 |  |  | $ | 375,932 |
CHS Capital notes payable |  | 4.34% |  | 4.24% |  | 143,695 |  |  | 171,991 |
Total notes payable |  | $ | 306,831 |  |  | $ | 547,923 |
Schedule of amounts included in long-term debt | Amounts included in long-term debt on our Consolidated Balance Sheets as of August 31, 2024 and 2023, are presented in the table below:
|  |  | 2024 |  | 2023
|  |  | (Dollars in thousands)
3.85% unsecured notes $80 million face amount, due in fiscal 2025 |  | $ | 80,000 |  |  | $ | 80,000 |
3.80% unsecured notes $100 million face amount, due in fiscal 2025 |  | 100,000 |  |  | 100,000 |
4.58% unsecured notes $150 million face amount, due in fiscal 2025 |  | 150,000 |  |  | 150,000 |
4.82% unsecured notes $80 million face amount, due in fiscal 2026 |  | 80,000 |  |  | 80,000 |
4.69% unsecured notes $58 million face amount, due in fiscal 2027 |  | 58,000 |  |  | 58,000 |
3.24% unsecured notes $95 million face amount, due in fiscal 2028 |  | 95,000 |  |  | 95,000 |
4.74% unsecured notes $95 million face amount, due in fiscal 2028 |  | 95,000 |  |  | 95,000 |
5.68% unsecured notes $150 million face amount, due in fiscal 2030 |  | 150,000 |  |  | 150,000 |
3.48% unsecured notes $100 million face amount, due in fiscal 2031 |  | 100,000 |  |  | 100,000 |
4.89% unsecured notes $100 million face amount, due in fiscal 2031 |  | 100,000 |  |  | 100,000 |
5.84% unsecured notes $150 million face amount, due in fiscal 2032 |  | 150,000 |  |  | — |
3.58% unsecured notes $65 million face amount, due in fiscal 2033 |  | 65,000 |  |  | 65,000 |
4.71% unsecured notes $100 million face amount, due in fiscal 2033 |  | 100,000 |  |  | 100,000 |
5.93% unsecured notes $150 million face amount, due in fiscal 2034 |  | 150,000 |  |  | — |
3.73% unsecured notes $115 million face amount, due in fiscal 2036 |  | 115,000 |  |  | 115,000 |
5.40% unsecured notes $125 million face amount, due in fiscal 2036 |  | 125,000 |  |  | 125,000 |
6.05% unsecured notes $150 million face amount, due in fiscal 2037 |  | 150,000 |  |  | — |
6.13% unsecured notes $250 million face amount, due in fiscal 2039 |  | 250,000 |  |  | — |
Private placement debt |  | 2,113,000 |  |  | 1,413,000 |
6.85% unsecured term loan from cooperative and other banks, due in fiscal 2026 (a) |  | 1,000 |  |  | 366,000 |
Term loan |  | 1,000 |  |  | 366,000 |
Finance lease liabilities |  | 49,511 |  |  | 49,235 |
Deferred financing costs |  | (4,562) |  |  | (3,127) |
Other, including notes and contracts with interest rates from 3.9% to 9.0% |  | 2,511 |  |  | 2,550 |
Total long-term debt |  | 2,161,460 |  |  | 1,827,658 |
Less current portion |  | 337,266 |  |  | 7,839 |
Long-term portion |  | $ | 1,824,194 |  |  | $ | 1,819,819 |
(a) Borrowings are variable under the agreement and bear interest at a base rate plus an applicable margin. |  |  |  |
Schedule of minimum future payments | Long-term debt outstanding as of August 31, 2024, has aggregate maturities, excluding fair value adjustments and finance leases (see Note 19, Leases, for a schedule of minimum future lease payments under finance leases), as follows:
| (Dollars in thousands)
2025 | $ | 330,620 |
2026 | 81,620 |
2027 | 58,621 |
2028 | 190,600 |
2029 | 150 |
Thereafter | 1,455,000 |
Total | $ | 2,116,611 |

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