XML 32 R12.htm IDEA: XBRL DOCUMENT v3.26.1
Income Taxes
 9 Months Ended
May 31, 2026
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
    Our effective tax rate for the three months ended May 31, 2026, was 5.2%, compared to 10.5% for the three months ended May 31, 2025. Our effective tax rate for the nine months ended May 31, 2026, was 2.2%, compared to 7.3% for the nine months ended May 31, 2025. Our income tax expense reflects the mix of full-year earnings projected across business units and current equity assumptions, along with benefits associated with certain tax credits. Income taxes and effective tax rates vary each year based on profitability, changes in tax law, income tax credits and patronage business activity.

Our uncertain tax positions are affected by the tax years that are under audit or remain subject to examination by the relevant taxing authorities. Reserves are recorded against unrecognized tax benefits when we believe certain fully supportable tax return positions are likely to be challenged, and we may not prevail. If we were to prevail on all positions taken in relation to uncertain tax positions, $105.6 million and $96.5 million of the unrecognized tax benefits would benefit our effective tax rate as of May 31, 2026, and August 31, 2025, respectively. It is reasonably possible that the total amount of unrecognized tax benefits could change significantly in the next 12 months.