XML 40 R11.htm IDEA: XBRL DOCUMENT
v3.25.1

Equities | 6 Months Ended
--- | ---
Feb. 28, 2025
Equity [Abstract] |
Equities | Changes in Equities Changes in equities for the three months ended February 28, 2025, and February 29, 2024, are as follows:
| Equity Certificates |  |  |  | Accumulated Other Comprehensive Loss |  |  |  |  |  |
| Capital Equity Certificates |  | Nonpatronage Equity Certificates |  | Nonqualified Equity Certificates |  | Preferred Stock |  |  | Capital Reserves |  | Noncontrolling Interests |  | Total Equities
| (Dollars in thousands)
Balances, November 30, 2024 | $ | 3,707,020 |  |  | $ | 27,105 |  |  | $ | 2,199,228 |  |  | $ | 2,264,038 |  |  | $ | (304,802) |  |  | $ | 2,919,830 |  |  | $ | 5,969 |  |  | $ | 10,818,388 |
Reversal of prior fiscal year patronage and redemption estimates | (70,765) |  |  | — |  |  | (282,431) |  |  | — |  |  | — |  |  | 589,196 |  |  | — |  |  | 236,000 |
Distribution of 2024 patronage refunds | 75,884 |  |  | — |  |  | 283,766 |  |  | — |  |  | — |  |  | (589,120) |  |  | — |  |  | (229,470) |
Redemptions of equities | (5,007) |  |  | (54) |  |  | (1,435) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (6,496) |
Preferred stock dividends | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (42,167) |  |  | — |  |  | (42,167) |
Other, net | (3) |  |  | (16) |  |  | (15) |  |  | — |  |  | — |  |  | (6,086) |  |  | (515) |  |  | (6,635) |
Net loss | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (75,754) |  |  | (249) |  |  | (76,003) |
Other comprehensive income, net of tax | — |  |  | — |  |  | — |  |  | — |  |  | 2,450 |  |  | — |  |  | — |  |  | 2,450 |
Estimated 2025 cash patronage refunds | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 36,859 |  |  | — |  |  | 36,859 |
Estimated 2025 equity redemptions | (18,798) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (18,798) |
Balances, February 28, 2025 | $ | 3,688,331 |  |  | $ | 27,035 |  |  | $ | 2,199,113 |  |  | $ | 2,264,038 |  |  | $ | (302,352) |  |  | $ | 2,832,758 |  |  | $ | 5,205 |  |  | $ | 10,714,128 |
| Equity Certificates |  |  |  | Accumulated Other Comprehensive Loss |  |  |  |  |  |
| Capital Equity Certificates |  | Nonpatronage Equity Certificates |  | Nonqualified Equity Certificates |  | Preferred Stock |  |  | Capital Reserves |  | Noncontrolling Interests |  | Total Equities
| (Dollars in thousands)
Balances, November 30, 2023 | $ | 3,861,170 |  |  | $ | 27,488 |  |  | $ | 1,929,868 |  |  | $ | 2,264,038 |  |  | $ | (272,697) |  |  | $ | 2,881,596 |  |  | $ | 5,926 |  |  | $ | 10,697,389 |
Reversal of prior fiscal year patronage and redemption estimates | (700,904) |  |  | — |  |  | (169,159) |  |  | — |  |  | — |  |  | 1,175,367 |  |  | — |  |  | 305,304 |
Distribution of 2023 patronage refunds | 707,394 |  |  | — |  |  | 169,051 |  |  | — |  |  | — |  |  | (1,177,195) |  |  | — |  |  | (300,750) |
Redemptions of equities | (3,858) |  |  | (28) |  |  | (1,336) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (5,222) |
Preferred stock dividends | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (42,167) |  |  | — |  |  | (42,167) |
Other, net | (56) |  |  | — |  |  | (28) |  |  | — |  |  | — |  |  | 302 |  |  | (172) |  |  | 46 |
Net income | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 170,307 |  |  | 26 |  |  | 170,333 |
Other comprehensive income, net of tax | — |  |  | — |  |  | — |  |  | — |  |  | 5,428 |  |  | — |  |  | — |  |  | 5,428 |
Estimated 2024 cash patronage refunds | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (31,399) |  |  | — |  |  | (31,399) |
Estimated 2024 equity redemptions | (31,399) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (31,399) |
Balances, February 29, 2024 | $ | 3,832,347 |  |  | $ | 27,460 |  |  | $ | 1,928,396 |  |  | $ | 2,264,038 |  |  | $ | (267,269) |  |  | $ | 2,976,811 |  |  | $ | 5,780 |  |  | $ | 10,767,563 |
Changes in equities for the six months ended February 28, 2025, and February 29, 2024, are as follows:
| Equity Certificates |  |  |  | Accumulated Other Comprehensive Loss |  |  |  |  |  |
| Capital Equity Certificates |  | Nonpatronage Equity Certificates |  | Nonqualified Equity Certificates |  | Preferred Stock |  |  | Capital Reserves |  | Noncontrolling Interests |  | Total Equities
| (Dollars in thousands)
Balances, August 31, 2024 | $ | 3,753,343 |  |  | $ | 27,261 |  |  | $ | 2,201,765 |  |  | $ | 2,264,038 |  |  | $ | (296,542) |  |  | $ | 2,805,526 |  |  | $ | 6,533 |  |  | $ | 10,761,924 |
Reversal of prior fiscal year patronage and redemption estimates | (60,934) |  |  | — |  |  | (282,431) |  |  | — |  |  | — |  |  | 589,196 |  |  | — |  |  | 245,831 |
Distribution of 2024 patronage refunds | 75,884 |  |  | — |  |  | 283,766 |  |  | — |  |  | — |  |  | (589,120) |  |  | — |  |  | (229,470) |
Redemptions of equities | (12,145) |  |  | (210) |  |  | (3,972) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (16,327) |
Preferred stock dividends | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (126,501) |  |  | — |  |  | (126,501) |
Other, net | (8) |  |  | (16) |  |  | (15) |  |  | — |  |  | — |  |  | (3,227) |  |  | (1,882) |  |  | (5,148) |
Net income | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 169,036 |  |  | 554 |  |  | 169,590 |
Other comprehensive loss, net of tax | — |  |  | — |  |  | — |  |  | — |  |  | (5,810) |  |  | — |  |  | — |  |  | (5,810) |
Estimated 2025 cash patronage refunds | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (12,152) |  |  | — |  |  | (12,152) |
Estimated 2025 equity redemptions | (67,809) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (67,809) |
Balances, February 28, 2025 | 3,688,331 |  |  | $ | 27,035 |  |  | $ | 2,199,113 |  |  | $ | 2,264,038 |  |  | $ | (302,352) |  |  | $ | 2,832,758 |  |  | $ | 5,205 |  |  | $ | 10,714,128 |
| Equity Certificates |  |  |  | Accumulated Other Comprehensive Loss |  |  |  |  |  |
| Capital Equity Certificates |  | Nonpatronage Equity Certificates |  | Nonqualified Equity Certificates |  | Preferred Stock |  |  | Capital Reserves |  | Noncontrolling Interests |  | Total Equities
| (Dollars in thousands)
Balances, August 31, 2023 | $ | 3,951,385 |  |  | $ | 27,558 |  |  | $ | 1,932,706 |  |  | $ | 2,264,038 |  |  | $ | (265,395) |  |  | $ | 2,537,486 |  |  | $ | 4,611 |  |  | $ | 10,452,389 |
Reversal of prior fiscal year patronage and redemption estimates | (689,668) |  |  | — |  |  | (169,159) |  |  | — |  |  | — |  |  | 1,175,367 |  |  | — |  |  | 316,540 |
Distribution of 2023 patronage refunds | 707,394 |  |  | — |  |  | 169,051 |  |  | — |  |  | — |  |  | (1,177,195) |  |  | — |  |  | (300,750) |
Redemptions of equities | (12,145) |  |  | (95) |  |  | (4,218) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (16,458) |
Preferred stock dividends | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (126,501) |  |  | — |  |  | (126,501) |
Other, net | (22) |  |  | (3) |  |  | 16 |  |  | — |  |  | — |  |  | (979) |  |  | 698 |  |  | (290) |
Net income | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 693,230 |  |  | 471 |  |  | 693,701 |
Other comprehensive loss, net of tax | — |  |  | — |  |  | — |  |  | — |  |  | (1,874) |  |  | — |  |  | — |  |  | (1,874) |
Estimated 2024 cash patronage refunds | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (124,597) |  |  | — |  |  | (124,597) |
Estimated 2024 equity redemptions | (124,597) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (124,597) |
Balances, February 29, 2024 | $ | 3,832,347 |  |  | $ | 27,460 |  |  | $ | 1,928,396 |  |  | $ | 2,264,038 |  |  | $ | (267,269) |  |  | $ | 2,976,811 |  |  | $ | 5,780 |  |  | $ | 10,767,563 |
Preferred Stock Dividends The following table presents a summary of dividends declared per share by series of preferred stock for the three and six months ended February 28, 2025, and February 29, 2024.
|  |  | Three Months Ended |  | Six Months Ended
| Nasdaq symbol |  | February 28, 2025 |  | February 29, 2024 |  | February 28, 2025 |  | February 29, 2024
Series of preferred stock: |  |  | (Dollars per share)
8% Cumulative Redeemable | CHSCP |  | $ | 0.50 |  |  | $ | 0.50 |  |  | $ | 1.50 |  |  | $ | 1.50 |
Class B Cumulative Redeemable, Series 1 | CHSCO |  | $ | 0.49 |  |  | $ | 0.49 |  |  | $ | 1.48 |  |  | $ | 1.48 |
Class B Reset Rate Cumulative Redeemable, Series 2 | CHSCN |  | $ | 0.44 |  |  | $ | 0.44 |  |  | $ | 1.33 |  |  | $ | 1.33 |
Class B Reset Rate Cumulative Redeemable, Series 3 | CHSCM |  | $ | 0.42 |  |  | $ | 0.42 |  |  | $ | 1.27 |  |  | $ | 1.27 |
Class B Cumulative Redeemable, Series 4 | CHSCL |  | $ | 0.47 |  |  | $ | 0.47 |  |  | $ | 1.41 |  |  | $ | 1.41 |
Accumulated Other Comprehensive Income (Loss) Changes in accumulated other comprehensive income (loss) by component for the three months ended February 28, 2025, and February 29, 2024, are as follows:
| Pension and Other Postretirement Benefits |  | Cash Flow Hedges |  | Foreign Currency Translation Adjustment |  | Total
| (Dollars in thousands)
Balance as of November 30, 2024, net of tax | $ | (193,855) |  |  | $ | 3,258 |  |  | $ | (114,205) |  |  | $ | (304,802) |
Other comprehensive income (loss), before tax: |  |  |  |  |  |  |
Amounts before reclassifications | — |  |  | 3,619 |  |  | (504) |  |  | 3,115 |
Amounts reclassified | 3,260 |  |  | (3,277) |  |  | — |  |  | (17) |
Total other comprehensive income (loss), before tax | 3,260 |  |  | 342 |  |  | (504) |  |  | 3,098 |
Tax effect | (799) |  |  | (84) |  |  | 235 |  |  | (648) |
Other comprehensive income (loss), net of tax | 2,461 |  |  | 258 |  |  | (269) |  |  | 2,450 |
Balance as of February 28, 2025, net of tax | $ | (191,394) |  |  | $ | 3,516 |  |  | $ | (114,474) |  |  | $ | (302,352) |
| Pension and Other Postretirement Benefits |  | Cash Flow Hedges |  | Foreign Currency Translation Adjustment |  | Total
| (Dollars in thousands)
Balance as of November 30, 2023, net of tax | $ | (173,908) |  |  | $ | (2,129) |  |  | $ | (96,660) |  |  | $ | (272,697) |
Other comprehensive income (loss), before tax: |  |  |  |  |  |  |
Amounts before reclassifications | — |  |  | 10,641 |  |  | (752) |  |  | 9,889 |
Amounts reclassified | 67 |  |  | (2,294) |  |  | — |  |  | (2,227) |
Total other comprehensive income (loss), before tax | 67 |  |  | 8,347 |  |  | (752) |  |  | 7,662 |
Tax effect | (16) |  |  | (2,044) |  |  | (174) |  |  | (2,234) |
Other comprehensive income (loss), net of tax | 51 |  |  | 6,303 |  |  | (926) |  |  | 5,428 |
Balance as of February 29, 2024, net of tax | $ | (173,857) |  |  | $ | 4,174 |  |  | $ | (97,586) |  |  | $ | (267,269) |
Changes in accumulated other comprehensive income (loss) by component for the six months ended February 28, 2025, and February 29, 2024, are as follows:
| Pension and Other Postretirement Benefits |  | Cash Flow Hedges |  | Foreign Currency Translation Adjustment |  | Total
| (Dollars in thousands)
Balance as of August 31, 2024, net of tax | $ | (195,973) |  |  | $ | 1,777 |  |  | $ | (102,346) |  |  | $ | (296,542) |
Other comprehensive income (loss), before tax: |  |  |  |  |  |  |
Amounts before reclassifications | — |  |  | 9,819 |  |  | (12,417) |  |  | (2,598) |
Amounts reclassified | 6,065 |  |  | (7,515) |  |  | — |  |  | (1,450) |
Total other comprehensive income (loss), before tax | 6,065 |  |  | 2,304 |  |  | (12,417) |  |  | (4,048) |
Tax effect | (1,486) |  |  | (565) |  |  | 289 |  |  | (1,762) |
Other comprehensive income (loss), net of tax | 4,579 |  |  | 1,739 |  |  | (12,128) |  |  | (5,810) |
Balance as of February 28, 2025, net of tax | $ | (191,394) |  |  | $ | 3,516 |  |  | $ | (114,474) |  |  | $ | (302,352) |
| Pension and Other Postretirement Benefits |  | Cash Flow Hedges |  | Foreign Currency Translation Adjustment |  | Total
| (Dollars in thousands)
Balance as of August 31, 2023, net of tax | $ | (173,925) |  |  | $ | 2,032 |  |  | $ | (93,502) |  |  | $ | (265,395) |
Other comprehensive income (loss), before tax: |  |  |  |  |  |  |
Amounts before reclassifications | — |  |  | 12,921 |  |  | (4,102) |  |  | 8,819 |
Amounts reclassified | 90 |  |  | (10,084) |  |  | — |  |  | (9,994) |
Total other comprehensive income (loss), before tax | 90 |  |  | 2,837 |  |  | (4,102) |  |  | (1,175) |
Tax effect | (22) |  |  | (695) |  |  | 18 |  |  | (699) |
Other comprehensive income (loss), net of tax | 68 |  |  | 2,142 |  |  | (4,084) |  |  | (1,874) |
Balance as of February 29, 2024, net of tax | $ | (173,857) |  |  | $ | 4,174 |  |  | $ | (97,586) |  |  | $ | (267,269) |
Amounts reclassified from accumulated other comprehensive income (loss) were related to pension and other postretirement benefits, cash flow hedges and foreign currency translation adjustments. Pension and other postretirement reclassifications include amortization of net actuarial loss, prior service credit and transition amounts and are recorded as cost of goods sold and marketing, general and administrative expenses (see Note 9, Benefit Plans, for further information). As described in Note 11, Derivative Financial Instruments and Hedging Activities, amounts reclassified from accumulated other comprehensive loss for cash flow hedges are recorded in cost of goods sold. Gains or losses on foreign currency translation reclassifications are recorded in other income.

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

X
- Definition The entire disclosure for equity. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-14 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477968/946-235-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477968/946-235-50-2 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478448/946-505-50-6 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480237/815-40-50-6 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/505/tableOfContent Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-14 Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-14 Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 16 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-16 Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-18 Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-18 Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-18 + Details
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration