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Equities
9 Months Ended
May 31, 2025
Equity [Abstract]  
Equities
Changes in Equities

Changes in equities for the three months ended May 31, 2025 and 2024, are as follows:
 Equity Certificates Accumulated
Other
Comprehensive
Loss
   
Capital
Equity
Certificates
Nonpatronage
Equity
Certificates
Nonqualified Equity CertificatesPreferred
Stock
Capital
Reserves
Noncontrolling
Interests
Total
Equities
 (Dollars in thousands)
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 
Reversal of prior fiscal year patronage and redemption estimates254,707 — — — — 70,497 — 325,204 
Distribution of 2024 patronage refunds116 — 381 — — (71,367)— (70,870)
Redemptions of equities
(249,887)(51)(4,769)— — — — (254,707)
Preferred stock dividends
— — — — — (42,167)— (42,167)
Other, net
(401)(35)(207)— — 15,128 (1,265)13,220 
Net income (loss)— — — — — 232,184 (504)231,680 
Other comprehensive loss, net of tax— — — — (1,011)— — (1,011)
Estimated 2025 cash patronage refunds— — — — — (19,334)— (19,334)
Estimated 2025 equity redemptions(107,882)— — — — — — (107,882)
Balances, May 31, 2025$3,584,984 $26,949 $2,194,518 $2,264,038 $(303,363)$3,017,699 $3,436 $10,788,261 
 Equity Certificates Accumulated
Other
Comprehensive
Loss
   
Capital
Equity
Certificates
Nonpatronage
Equity
Certificates
Nonqualified Equity CertificatesPreferred
Stock
Capital
Reserves
Noncontrolling
Interests
Total
Equities
 (Dollars in thousands)
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 
Reversal of prior fiscal year patronage and redemption estimates325,690 — — — — 64,917 — 390,607 
Distribution of 2023 patronage refunds614 — 156 — — (65,972)— (65,202)
Redemptions of equities
(319,738)(124)(5,827)— — — — (325,689)
Preferred stock dividends
— — — — — (42,167)— (42,167)
Other, net
225 — (9)— — 109 (69)256 
Net income (loss)— — — — — 297,274 (19)297,255 
Other comprehensive loss, net of tax— — — — (3,592)— — (3,592)
Estimated 2024 cash patronage refunds— — — — — (52,357)— (52,357)
Estimated 2024 equity redemptions(52,357)— — — — — — (52,357)
Balances, May 31, 2024$3,786,781 $27,336 $1,922,716 $2,264,038 $(270,861)$3,178,615 $5,692 $10,914,317 
Changes in equities for the nine months ended May 31, 2025 and 2024, are as follows:
 Equity Certificates Accumulated
Other
Comprehensive
Loss
   
Capital
Equity
Certificates
Nonpatronage
Equity
Certificates
Nonqualified Equity CertificatesPreferred
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 estimates193,773 — (282,431)— — 659,693 — 571,035 
Distribution of 2024 patronage refunds76,000 — 284,147 — — (660,487)— (300,340)
Redemptions of equities
(262,032)(261)(8,741)— — — — (271,034)
Preferred stock dividends
— — — — — (168,668)— (168,668)
Other, net
(409)(51)(222)— — 11,901 (3,147)8,072 
Net income— — — — — 401,220 50 401,270 
Other comprehensive loss, net of tax— — — — (6,821)— — (6,821)
Estimated 2025 cash patronage refunds— — — — — (31,486)— (31,486)
Estimated 2025 equity redemptions(175,691)— — — — — — (175,691)
Balances, May 31, 20253,584,984 $26,949 $2,194,518 $2,264,038 $(303,363)$3,017,699 $3,436 $10,788,261 
 Equity Certificates Accumulated
Other
Comprehensive
Loss
   
Capital
Equity
Certificates
Nonpatronage
Equity
Certificates
Nonqualified Equity CertificatesPreferred
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(363,978)— (169,159)— — 1,240,284 — 707,147 
Distribution of 2023 patronage refunds708,008 — 169,207 — — (1,243,167)— (365,952)
Redemptions of equities
(331,883)(219)(10,045)— — — — (342,147)
Preferred stock dividends
— — — — — (168,668)— (168,668)
Other, net
203 (3)— — (870)629 (34)
Net income— — — — — 990,504 452 990,956 
Other comprehensive loss, net of tax— — — — (5,466)— — (5,466)
Estimated 2024 cash patronage refunds— — — — — (176,954)— (176,954)
Estimated 2024 equity redemptions(176,954)— — — — — — (176,954)
Balances, May 31, 2024$3,786,781 $27,336 $1,922,716 $2,264,038 $(270,861)$3,178,615 $5,692 $10,914,317 

Preferred Stock Dividends

    The following table presents a summary of dividends declared per share by series of preferred stock for the three and nine months ended May 31, 2025 and 2024.
Three Months Ended May 31,Nine Months Ended May 31,
Nasdaq symbol2025202420252024
Series of preferred stock:(Dollars per share)
8% Cumulative RedeemableCHSCP$0.50 $0.50 $2.00 $2.00 
Class B Cumulative Redeemable, Series 1CHSCO$0.49 $0.49 $1.97 $1.97 
Class B Reset Rate Cumulative Redeemable, Series 2CHSCN$0.44 $0.44 $1.78 $1.78 
Class B Reset Rate Cumulative Redeemable, Series 3CHSCM$0.42 $0.42 $1.69 $1.69 
Class B Cumulative Redeemable, Series 4CHSCL$0.47 $0.47 $1.88 $1.88 
Accumulated Other Comprehensive Income (Loss)    

Changes in accumulated other comprehensive income (loss) by component for the three months ended May 31, 2025 and 2024, are as follows:
Pension and Other Postretirement BenefitsCash Flow HedgesForeign Currency Translation AdjustmentTotal
(Dollars in thousands)
Balance as of February 28, 2025, net of tax$(191,394)$3,516 $(114,474)$(302,352)
Other comprehensive income (loss), before tax:
Amounts before reclassifications(64)849 (2,797)(2,012)
Amounts reclassified3,032 (2,193)859 1,698 
Total other comprehensive income (loss), before tax2,968 (1,344)(1,938)(314)
Tax effect(727)329 (299)(697)
Other comprehensive income (loss), net of tax2,241 (1,015)(2,237)(1,011)
Balance as of May 31, 2025, net of tax$(189,153)$2,501 $(116,711)$(303,363)
Pension and Other Postretirement BenefitsCash Flow HedgesForeign Currency Translation AdjustmentTotal
(Dollars in thousands)
Balance as of February 29, 2024, net of tax$(173,857)$4,174 $(97,586)$(267,269)
Other comprehensive income (loss), before tax:
Amounts before reclassifications20 2,209 (3,104)(875)
Amounts reclassified45 (3,111)— (3,066)
Total other comprehensive income (loss), before tax65 (902)(3,104)(3,941)
Tax effect(16)221 144 349 
Other comprehensive income (loss), net of tax49 (681)(2,960)(3,592)
Balance as of May 31, 2024, net of tax$(173,808)$3,493 $(100,546)$(270,861)

Changes in accumulated other comprehensive income (loss) by component for the nine months ended May 31, 2025 and 2024, are as follows:
Pension and Other Postretirement BenefitsCash Flow HedgesForeign Currency Translation AdjustmentTotal
(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(64)10,668 (15,214)(4,610)
Amounts reclassified9,097 (9,708)859 248 
Total other comprehensive income (loss), before tax9,033 960 (14,355)(4,362)
Tax effect(2,213)(236)(10)(2,459)
Other comprehensive income (loss), net of tax6,820 724 (14,365)(6,821)
Balance as of May 31, 2025, net of tax$(189,153)$2,501 $(116,711)$(303,363)
Pension and Other Postretirement BenefitsCash Flow HedgesForeign Currency Translation AdjustmentTotal
(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 reclassifications20 15,130 (7,206)7,944 
Amounts reclassified135 (13,195)— (13,060)
Total other comprehensive income (loss), before tax155 1,935 (7,206)(5,116)
Tax effect(38)(474)162 (350)
Other comprehensive income (loss), net of tax117 1,461 (7,044)(5,466)
Balance as of May 31, 2024, net of tax$(173,808)$3,493 $(100,546)$(270,861)

    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.