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Equities (Tables) | 9 Months Ended
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May 31, 2026
Equity [Abstract] |
Schedule of Changes in Equities | Changes in equities for the three months ended May 31, 2026 and 2025, 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, February 28, 2026 | $ | 3,740,285 |  |  | $ | 26,268 |  |  | $ | 2,318,358 |  |  | $ | 2,264,038 |  |  | $ | (274,638) |  |  | $ | 2,982,635 |  |  | $ | 3,349 |  |  | $ | 11,060,295 |
Reversal of prior fiscal year patronage and redemption estimates | 52,687 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 10,925 |  |  | — |  |  | 63,612 |
Distribution of 2025 patronage refunds | 5 |  |  | — |  |  | 18 |  |  | — |  |  | — |  |  | (10,947) |  |  | — |  |  | (10,924) |
Redemptions of equities | (46,335) |  |  | (120) |  |  | (6,232) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (52,687) |
Preferred stock dividends | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (42,167) |  |  | — |  |  | (42,167) |
Other, net | (357) |  |  | — |  |  | (494) |  |  | — |  |  | — |  |  | 1,555 |  |  | (17) |  |  | 687 |
Net income | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 267,366 |  |  | 130 |  |  | 267,496 |
Other comprehensive income, net of tax | — |  |  | — |  |  | — |  |  | — |  |  | 1,999 |  |  | — |  |  | — |  |  | 1,999 |
Estimated 2026 cash patronage refunds | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (37,584) |  |  | — |  |  | (37,584) |
Estimated 2026 equity redemptions | (45,146) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (45,146) |
Balances, May 31, 2026 | $ | 3,701,139 |  |  | $ | 26,148 |  |  | $ | 2,311,650 |  |  | $ | 2,264,038 |  |  | $ | (272,639) |  |  | $ | 3,171,783 |  |  | $ | 3,462 |  |  | $ | 11,205,581 |
| 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, 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 estimates | 254,707 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 70,497 |  |  | — |  |  | 325,204 |
Distribution of 2024 patronage refunds | 116 |  |  | — |  |  | 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 |
Changes in equities for the nine months ended May 31, 2026 and 2025, 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, 2025 | $ | 3,743,060 |  |  | $ | 26,888 |  |  | $ | 2,333,657 |  |  | $ | 2,264,038 |  |  | $ | (306,372) |  |  | $ | 3,015,424 |  |  | $ | 3,479 |  |  | $ | 11,080,174 |
Reversal of prior fiscal year patronage and redemption estimates | 25,520 |  |  | — |  |  | (144,101) |  |  | — |  |  | — |  |  | 229,135 |  |  | — |  |  | 110,554 |
Distribution of 2025 patronage refunds | 54,235 |  |  | — |  |  | 144,115 |  |  | — |  |  | — |  |  | (228,350) |  |  | — |  |  | (30,000) |
Redemptions of equities | (66,292) |  |  | (242) |  |  | (14,019) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (80,553) |
Preferred stock dividends | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (168,668) |  |  | — |  |  | (168,668) |
Other, net | 7,730 |  |  | (498) |  |  | (8,002) |  |  | — |  |  | — |  |  | (14,479) |  |  | 17 |  |  | (15,232) |
Net income (loss) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 380,797 |  |  | (34) |  |  | 380,763 |
Other comprehensive income, net of tax | — |  |  | — |  |  | — |  |  | — |  |  | 33,733 |  |  | — |  |  | — |  |  | 33,733 |
Estimated 2026 cash patronage refunds | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (42,076) |  |  | — |  |  | (42,076) |
Estimated 2026 equity redemptions | (63,114) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (63,114) |
Balances, May 31, 2026 | $ | 3,701,139 |  |  | $ | 26,148 |  |  | $ | 2,311,650 |  |  | $ | 2,264,038 |  |  | $ | (272,639) |  |  | $ | 3,171,783 |  |  | $ | 3,462 |  |  | $ | 11,205,581 |
| 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 | 193,773 |  |  | — |  |  | (282,431) |  |  | — |  |  | — |  |  | 659,693 |  |  | — |  |  | 571,035 |
Distribution of 2024 patronage refunds | 76,000 |  |  | — |  |  | 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, 2025 | $ | 3,584,984 |  |  | $ | 26,949 |  |  | $ | 2,194,518 |  |  | $ | 2,264,038 |  |  | $ | (303,363) |  |  | $ | 3,017,699 |  |  | $ | 3,436 |  |  | $ | 10,788,261 |
Schedule of Dividends Declared Per Share for Preferred Stock | 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, 2026 and 2025.
|  |  | Three Months Ended May 31, |  | Nine Months Ended May 31,
| Nasdaq symbol |  | 2026 |  | 2025 |  | 2026 |  | 2025
Series of preferred stock: |  |  | (Dollars per share)
8% Cumulative Redeemable | CHSCP |  | $ | 0.50 |  |  | $ | 0.50 |  |  | $ | 2.00 |  |  | $ | 2.00 |
Class B Cumulative Redeemable, Series 1 | CHSCO |  | $ | 0.49 |  |  | $ | 0.49 |  |  | $ | 1.97 |  |  | $ | 1.97 |
Class B Reset Rate Cumulative Redeemable, Series 2 | CHSCN |  | $ | 0.44 |  |  | $ | 0.44 |  |  | $ | 1.78 |  |  | $ | 1.78 |
Class B Reset Rate Cumulative Redeemable, Series 3 | CHSCM |  | $ | 0.42 |  |  | $ | 0.42 |  |  | $ | 1.69 |  |  | $ | 1.69 |
Class B Cumulative Redeemable, Series 4 | CHSCL |  | $ | 0.47 |  |  | $ | 0.47 |  |  | $ | 1.88 |  |  | $ | 1.88 |
Schedule of Accumulated Other Comprehensive Income (Loss) | Changes in accumulated other comprehensive income (loss) by component for the three months ended May 31, 2026 and 2025, are as follows:
| Pension and Other Postretirement Benefits |  | Cash Flow Hedges |  | Foreign Currency Translation Adjustment |  | Total
| (Dollars in thousands)
Balance as of February 28, 2026, net of tax | $ | (193,818) |  |  | $ | 1,223 |  |  | $ | (82,043) |  |  | $ | (274,638) |
Other comprehensive income (loss), before tax: |  |  |  |  |  |  |
Amounts before reclassifications | — |  |  | 2,602 |  |  | (1,790) |  |  | 812 |
Amounts reclassified | 3,424 |  |  | (1,002) |  |  | — |  |  | 2,422 |
Total other comprehensive income (loss), before tax | 3,424 |  |  | 1,600 |  |  | (1,790) |  |  | 3,234 |
Tax effect | (830) |  |  | (388) |  |  | (17) |  |  | (1,235) |
Other comprehensive income (loss), net of tax | 2,594 |  |  | 1,212 |  |  | (1,807) |  |  | 1,999 |
Balance as of May 31, 2026, net of tax | $ | (191,224) |  |  | $ | 2,435 |  |  | $ | (83,850) |  |  | $ | (272,639) |
| Pension and Other Postretirement Benefits |  | Cash Flow Hedges |  | Foreign Currency Translation Adjustment |  | Total
| (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 reclassified | 3,032 |  |  | (2,193) |  |  | 859 |  |  | 1,698 |
Total other comprehensive income (loss), before tax | 2,968 |  |  | (1,344) |  |  | (1,938) |  |  | (314) |
Tax effect | (727) |  |  | 329 |  |  | (299) |  |  | (697) |
Other comprehensive income (loss), net of tax | 2,241 |  |  | (1,015) |  |  | (2,237) |  |  | (1,011) |
Balance as of May 31, 2025, net of tax | $ | (189,153) |  |  | $ | 2,501 |  |  | $ | (116,711) |  |  | $ | (303,363) |
Changes in accumulated other comprehensive income (loss) by component for the nine months ended May 31, 2026 and 2025, are as follows:
| Pension and Other Postretirement Benefits |  | Cash Flow Hedges |  | Foreign Currency Translation Adjustment |  | Total
| (Dollars in thousands)
Balance as of August 31, 2025, net of tax | $ | (199,578) |  |  | $ | 2,763 |  |  | $ | (109,557) |  |  | $ | (306,372) |
Other comprehensive income (loss), before tax: |  |  |  |  |  |  |
Amounts before reclassifications | — |  |  | 3,967 |  |  | 25,833 |  |  | 29,800 |
Amounts reclassified | 11,030 |  |  | (4,401) |  |  | — |  |  | 6,629 |
Total other comprehensive income (loss), before tax | 11,030 |  |  | (434) |  |  | 25,833 |  |  | 36,429 |
Tax effect | (2,676) |  |  | 106 |  |  | (126) |  |  | (2,696) |
Other comprehensive income (loss), net of tax | 8,354 |  |  | (328) |  |  | 25,707 |  |  | 33,733 |
Balance as of May 31, 2026, net of tax | $ | (191,224) |  |  | $ | 2,435 |  |  | $ | (83,850) |  |  | $ | (272,639) |
| 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 | (64) |  |  | 10,668 |  |  | (15,214) |  |  | (4,610) |
Amounts reclassified | 9,097 |  |  | (9,708) |  |  | 859 |  |  | 248 |
Total other comprehensive income (loss), before tax | 9,033 |  |  | 960 |  |  | (14,355) |  |  | (4,362) |
Tax effect | (2,213) |  |  | (236) |  |  | (10) |  |  | (2,459) |
Other comprehensive income (loss), net of tax | 6,820 |  |  | 724 |  |  | (14,365) |  |  | (6,821) |
Balance as of May 31, 2025, net of tax | $ | (189,153) |  |  | $ | 2,501 |  |  | $ | (116,711) |  |  | $ | (303,363) |

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