XML 39 R9.htm IDEA: XBRL DOCUMENT v3.25.2
Inventories
9 Months Ended
May 31, 2025
Inventory Disclosure [Abstract]  
Inventories Inventories        
May 31,
2025
August 31,
2024
(Dollars in thousands)
Grain and oilseed$1,110,891 $888,768 
Energy794,692 720,636 
Agronomy1,145,236 1,126,916 
Processed grain and oilseed129,771 124,686 
Other270,789 206,409 
Total inventories$3,451,379 $3,067,415 
    As of May 31, 2025, and August 31, 2024, we valued approximately 20% and 18%, respectively, of inventories, primarily crude oil and refined fuels within our Energy segment, using the lower of cost, determined on the last in, first out ("LIFO") method, or net realizable value. If the first in, first out ("FIFO") method of accounting had been used, inventories would have been higher than the reported amount by $324.8 million and $456.3 million as of May 31, 2025, and August 31, 2024, respectively. Actual valuation of inventory under the LIFO method can be made only at the end of each year based on inventory levels and costs at that time. Interim LIFO calculations are based on management's estimates of expected year-end inventory levels and values and are subject to final year-end LIFO inventory valuation.