XML 56 R27.htm IDEA: XBRL DOCUMENT
v3.24.1

Derivative Financial Instruments and Hedging Activities (Tables) | 6 Months Ended
--- | ---
Feb. 29, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Reconciliation of gross and net fair values of assets and liabilities subject to offsetting arrangements |
| February 29, 2024
|  |  | Amounts Not Offset on Condensed Consolidated Balance Sheet but Eligible for Offsetting |  |
| Gross Amount Recognized |  | Cash Collateral |  | Derivative Instruments |  | Net Amount
Derivative assets | (Dollars in thousands)
Commodity derivatives | $ | 251,437 |  |  | $ | — |  |  | $ | 12,052 |  |  | $ | 239,385 |
Foreign exchange derivatives | 16,880 |  |  | — |  |  | 3,796 |  |  | 13,084 |
Total | $ | 268,317 |  |  | $ | — |  |  | $ | 15,848 |  |  | $ | 252,469 |
Derivative liabilities |  |  |  |  |  |  |
Commodity derivatives | $ | 274,317 |  |  | $ | 1,574 |  |  | $ | 12,052 |  |  | $ | 260,691 |
Foreign exchange derivatives | 4,179 |  |  | — |  |  | 3,796 |  |  | 383 |
Total | $ | 278,496 |  |  | $ | 1,574 |  |  | $ | 15,848 |  |  | $ | 261,074 |
| August 31, 2023
|  |  | Amounts Not Offset on Condensed Consolidated Balance Sheet but Eligible for Offsetting |  |
| Gross Amount Recognized |  | Cash Collateral |  | Derivative Instruments |  | Net Amount
Derivative assets | (Dollars in thousands)
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 |
Derivatives Not Designated as Hedging Instruments | The following table sets forth the pretax gains (losses) on derivatives not accounted for as hedging instruments that have been included in our Condensed Consolidated Statements of Operations for the three and six months ended February 29, 2024, and February 28, 2023:
|  |  | Three Months Ended |  | Six Months Ended
| Location of Gain (Loss) |  | February 29, 2024 |  | February 28, 2023 |  | February 29, 2024 |  | February 28, 2023
|  |  | (Dollars in thousands)
Commodity derivatives | Cost of goods sold |  | $ | 30,703 |  |  | $ | 31 |  |  | $ | 38,887 |  |  | $ | (135,655) |
Foreign exchange derivatives | Cost of goods sold |  | (1,001) |  |  | 17,414 |  |  | (5,608) |  |  | (2,039) |
Foreign exchange derivatives | Marketing, general and administrative expenses |  | (849) |  |  | 11 |  |  | (29) |  |  | 248 |
Total |  | $ | 28,853 |  |  | $ | 17,456 |  |  | $ | 33,250 |  |  | $ | (137,446) |
Schedule of Derivative Instruments, Purchase and Sales Contracts | all outstanding commodity contracts:
| February 29, 2024 |  | August 31, 2023
| Long |  | Short |  | Long |  | Short
| (Units in thousands)
Grain and oilseed (bushels) | 381,999 |  |  | 545,845 |  |  | 506,654 |  | 630,803
Energy products (barrels) | 10,099 |  |  | 11,137 |  |  | 11,839 |  | 8,085
Processed grain and oilseed (tons) | 866 |  |  | 2,017 |  |  | 7,380 |  | 9,437
Crop nutrients (tons) | 57 |  |  | — |  |  | 70 |  | 10
Ocean freight (metric tons) | — |  |  | — |  |  | 40 |  | —
Natural gas (metric million Btu) | 1,400 |  |  | 500 |  |  | 460 |  | —
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value | The following table presents the fair value of our commodity derivative instruments designated as cash flow hedges and the locations on our Condensed Consolidated Balance Sheets in which they are recorded:
|  | Derivative Assets |  |  |  | Derivative Liabilities
Balance Sheet Location |  | February 29, 2024 |  | August 31, 2023 |  | Balance Sheet Location |  | February 29, 2024 |  | August 31, 2023
|  | (Dollars in thousands) |  |  |  | (Dollars in thousands)
Other current assets |  | $ | 5,518 |  |  | $ | 8,395 |  |  | Other current liabilities |  | $ | 845 |  |  | $ | 5,345 |
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) | The following table presents the pretax gains (losses) relating to our existing cash flow hedges that were reclassified from accumulated other comprehensive loss into our Condensed Consolidated Statements of Operations for the three and six months ended February 29, 2024, and February 28, 2023:
|  |  | Three Months Ended |  | Six Months Ended
| Location of Gain (Loss) |  | February 29, 2024 |  | February 28, 2023 |  | February 29, 2024 |  | February 28, 2023
|  |  | (Dollars in thousands)
Commodity derivatives | Cost of goods sold |  | $ | 2,585 |  |  | $ | (9,129) |  |  | $ | 10,667 |  |  | $ | (16,058) |
Cash flow hedge gain (loss) recorded in other comprehensive income | The following table presents the pretax gains (losses) recorded in other comprehensive income relating to cash flow hedges for the three and six months ended February 29, 2024, and February 28, 2023:
|  | Three Months Ended |  | Six Months Ended
|  | February 29, 2024 |  | February 28, 2023 |  | February 29, 2024 |  | February 28, 2023
|  | (Dollars in thousands)
Commodity derivatives |  | $ | 7,932 |  |  | $ | 20,830 |  |  | $ | 1,622 |  |  | $ | (8,759) |

X
- Definition Cash flow hedge gain (loss) recorded in other comprehensive income + References No definition available. + Details
Name: | chscp_CashFlowHedgeGainLossRecordedInOtherComprehensiveIncomeTableTextBlock
Namespace Prefix: | chscp_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Reconciliation of gross and net fair values of assets and liabilities subject to offsetting arrangements [Table Text Block] + References No definition available. + Details
Name: | chscp_ReconciliationofgrossandnetfairvaluesofassetsandliabilitiessubjecttooffsettingarrangementsTableTextBlock
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 gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C + Details
Name: | us-gaap_ScheduleOfCashFlowHedgesIncludedInAccumulatedOtherComprehensiveIncomeLossTableTextBlock
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 the notional amounts of outstanding derivative positions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-1A + Details
Name: | us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock
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