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Notes Payable and Long-Term Debt (Tables)

12 Months Ended

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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