DERIVATIVES (Tables)

12 Months Ended

Aug. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Commodity Contract Commitments

The following table provides information regarding the Company's commodity contract commitments as of August 31, 2022:

Commodity	Long/Short	Total
Aluminum	Long	3,700	MT
Aluminum	Short	1,700	MT
Copper	Long	635	MT
Copper	Short	9,310	MT
Electricity	Long	1,676,000	MW(h)
Natural Gas	Long	4,850,300	MMBtu

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MT = Metric Ton

MW(h) = Megawatt hour

MMBtu = Metric Million British thermal unit

The following tables summarize activities related to the Company's derivative instruments and hedged items recognized in the consolidated statements of earnings. All other activity related to the Company's derivative instruments and hedged items was immaterial for the periods presented.

		Year Ended August 31,
Gain (Loss) on Derivatives Not Designated as Hedging Instruments (in thousands)	Primary Location	2022		2021		2020
Commodity	Cost of goods sold	$	15,862	$	(18,035)	$	(5,963)
Foreign exchange	SG&A expenses	(6,547)		(3,674)		220

	Year Ended August 31,
Effective Portion of Derivatives Designated as Cash Flow Hedging Instruments Recognized in Accumulated Other Comprehensive Loss (in thousands)	2022		2021		2020
Commodity	$	138,534	$	35,392	$	(12,136)