DERIVATIVES (Tables)

3 Months Ended

6 Months Ended

Feb. 28, 2023

Feb. 28, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Commodity contract commitments

The following table provides information regarding the Company's commodity contract commitments at February 28, 2023:

Commodity	Long/Short	Total
Aluminum	Long	2,750	MT
Aluminum	Short	675	MT
Copper	Long	1,123	MT
Copper	Short	9,321	MT
Electricity	Long	3,405,000	MW(h)
Natural Gas	Long	4,910,400	MMBtu

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MT = Metric Ton

MW(h) = Megawatt hour

MMBtu = Metric Million British thermal unit

Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location

The following table summarizes the location and amounts of the fair value of the Company's derivative instruments and hedged items recognized in the condensed consolidated balance sheets:

(in thousands)	Primary Location	February 28, 2023		August 31, 2022
Derivative assets:
Commodity	Prepaid and other current assets	$	13,826	$	26,180
Commodity	Other noncurrent assets	268,203		134,667
Foreign exchange	Prepaid and other current assets	5,099		1,296
Derivative liabilities:
Commodity	Accrued expenses and other payables	$	6,248	$	1,110
Commodity	Other noncurrent liabilities	1,778		150
Foreign exchange	Accrued expenses and other payables	3,616		3,126

Derivative instruments, gain (loss)

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

		Three Months Ended February 28,				Six Months Ended February 28,
Gain (Loss) on Derivatives Not Designated as Hedging Instruments (in thousands)	Primary Location	2023		2022		2023		2022
Commodity	Cost of goods sold	$	(5,995)	$	(2,214)	$	(9,080)	$	532
Foreign exchange	SG&A expenses	2,947		(1,048)		6,409		(9,043)

Effective Portion of Derivatives Designated as Cash Flow Hedging Instruments Recognized in Accumulated Other Comprehensive Income (Loss) (in thousands)	Three Months Ended February 28,				Six Months Ended February 28,
	2023		2022		2023		2022
Commodity	$	23,950	$	33,190	$	91,989	$	55,365