XML 80 R45.htm IDEA: XBRL DOCUMENT
v3.24.3

Derivative Financial Instruments and Hedging Activities (Tables) | 12 Months Ended
--- | ---
Aug. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of gross fair values of derivative assets, derivative liabilities, and margin deposits (cash collateral) | The following tables present the gross fair values of derivative assets, derivative liabilities and related margin deposits (cash collateral) recorded on our Consolidated Balance Sheets, along with related amounts permitted to be offset in accordance with U.S. GAAP. Although we have certain netting arrangements for our exchange-traded futures and options contracts and certain OTC contracts, we have elected to report our derivative instruments on a gross basis on our Consolidated Balance Sheets under ASC Topic 210-20, Balance Sheet - Offsetting.
| August 31, 2024
|  |  | Amounts Not Offset on the Consolidated Balance Sheet but Eligible for Offsetting |  |
| Gross Amounts Recognized |  | Cash Collateral |  | Derivative Instruments |  | Net Amounts
| (Dollars in thousands)
Derivative assets |  |  |  |  |  |  |
Commodity derivatives | $ | 165,709 |  |  | $ | — |  |  | $ | 2,522 |  |  | $ | 163,187 |
Foreign exchange derivatives | 9,029 |  |  | — |  |  | 7,100 |  |  | 1,929 |
Total | $ | 174,738 |  |  | $ | — |  |  | $ | 9,622 |  |  | $ | 165,116 |
Derivative liabilities |  |  |  |  |  |  |
Commodity derivatives | $ | 221,803 |  |  | $ | 1,601 |  |  | $ | 2,522 |  |  | $ | 217,680 |
Foreign exchange derivatives | 24,476 |  |  | — |  |  | 7,100 |  |  | 17,376 |
Total | $ | 246,279 |  |  | $ | 1,601 |  |  | $ | 9,622 |  |  | $ | 235,056 |
| August 31, 2023
|  |  | Amounts Not Offset on the Consolidated Balance Sheet but Eligible for Offsetting |  |
| Gross Amounts Recognized |  | Cash Collateral |  | Derivative Instruments |  | Net Amounts
| (Dollars in thousands)
Derivative assets |  |  |  |  |  |  |
Commodity derivatives | $ | 280,440 |  |  | $ | — |  |  | $ | 4,866 |  |  | $ | 275,574 |
Foreign exchange derivatives | 32,402 |  |  | — |  |  | 12,330 |  |  | 20,072 |
Total | $ | 312,842 |  |  | $ | — |  |  | $ | 17,196 |  |  | $ | 295,646 |
Derivative liabilities |  |  |  |  |  |  |
Commodity derivatives | $ | 349,131 |  |  | $ | 1,505 |  |  | $ | 4,866 |  |  | $ | 342,760 |
Foreign exchange derivatives | 13,799 |  |  | — |  |  | 12,330 |  |  | 1,469 |
Total | $ | 362,930 |  |  | $ | 1,505 |  |  | $ | 17,196 |  |  | $ | 344,229 |
Pretax gains (losses) on derivatives not accounted for as hedging instruments | The following table sets forth the pretax (losses) gains on derivatives not accounted for as hedging instruments that have been included in our Consolidated Statements of Operations for the years ended August 31, 2024, 2023 and 2022:
Derivative Type |  | Location of (Loss) Gain |  | 2024 |  | 2023 |  | 2022
|  |  |  | (Dollars in thousands)
Commodity derivatives |  | Cost of goods sold |  | $ | 5,380 |  |  | $ | (360,937) |  |  | $ | (568,877) |
Foreign exchange derivatives |  | Cost of goods sold |  | (31,874) |  |  | (30,898) |  |  | 9,587 |
Foreign exchange derivatives |  | Marketing, general and administrative expenses |  | (2,897) |  |  | (530) |  |  | 577 |
Other derivatives |  | Other income |  | — |  |  | — |  |  | 2,057 |
Total |  |  |  | $ | (29,391) |  |  | $ | (392,365) |  |  | $ | (556,656) |
Schedule of notional volumes for outstanding commodity contracts | The table below presents the notional volumes for all outstanding commodity contracts:
|  | 2024 |  | 2023
Derivative Type |  | Long |  | Short |  | Long |  | Short
|  | (Units in thousands)
Grain and oilseed (bushels) |  | 385,426 |  |  | 517,883 |  |  | 506,654 |  | 630,803
Energy products (barrels) |  | 8,438 |  |  | 5,014 |  |  | 11,839 |  | 8,085
Processed grain and oilseed (tons) |  | 3,600 |  |  | 6,193 |  |  | 7,380 |  | 9,437
Crop nutrients (tons) |  | 73 |  |  | 14 |  |  | 70 |  | 10
Ocean freight (metric tons) |  | — |  |  | — |  |  | 40 |  | —
Natural gas (MMBtu) |  | 2,350 |  |  | 500 |  |  | 460 |  |  | — |
Schedule of fair value of derivative interest rate swap instruments designated as fair value hedges | The following table presents the fair value of our commodity derivative instruments designated as cash flow hedges and the line items on our Consolidated Balance Sheets in which they are recorded as of August 31, 2024 and 2023:
|  | Derivative Assets |  |  |  | Derivative Liabilities
Balance Sheet Location |  | 2024 |  | 2023 |  | Balance Sheet Location |  | 2024 |  | 2023
|  | (Dollars in thousands) |  |  |  | (Dollars in thousands)
Other current assets |  | $ | 5,226 |  |  | $ | 8,395 |  |  | Other current liabilities |  | $ | 2,781 |  |  | $ | 5,345 |
Schedule of pretax gains (losses) on derivatives accounted for as hedging instruments | The following table presents the pretax losses recorded in other comprehensive income relating to cash flow hedges for the years ended August 31, 2024, 2023 and 2022:
|  | 2024 |  | 2023 |  | 2022
|  | (Dollars in thousands)
Commodity derivatives |  | $ | (605) |  |  | $ | (12,285) |  |  | $ | (2,071) |

X
- Definition [Table Text Block] for Reconciliation of gross and net fair value of assets and liabilities subject to offsetting arrangements [Table] + References No definition available. + Details
Name: | chscp_ReconciliationofgrossandnetfairvalueofassetsandliabilitiessubjecttooffsettingarrangementsTableTextBlock
Namespace Prefix: | chscp_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Derivative Instruments, Purchase and Sales Contracts [Table Text Block] + References No definition available. + Details
Name: | chscp_ScheduleOfDerivativeInstrumentsPurchaseAndSalesContractsTableTextBlock
Namespace Prefix: | chscp_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the effective portion of the gains and losses on derivative instruments designated (and non-derivative instruments) designated and qualifying in cash flow hedges and net investment hedges that was recognized in other comprehensive income (loss) during the current period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4C -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsEffectOnOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative instrument not designated or qualifying as hedging instrument. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 4CC -SubTopic 10 -Topic 815 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4CC + Details
Name: | us-gaap_ScheduleOfOtherDerivativesNotDesignatedAsHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration