XML 115 R72.htm IDEA: XBRL DOCUMENT v3.23.3
CREDIT ARRANGEMENTS (Narrative) (Details)
zł in Thousands
1 Months Ended 12 Months Ended
May 15, 2023
USD ($)
Nov. 30, 2022
USD ($)
Feb. 28, 2022
USD ($)
Aug. 31, 2023
USD ($)
Aug. 31, 2023
PLN (zł)
Aug. 31, 2022
USD ($)
Aug. 31, 2021
USD ($)
Aug. 31, 2023
PLN (zł)
Oct. 31, 2022
USD ($)
Aug. 31, 2022
PLN (zł)
Jan. 31, 2022
USD ($)
Feb. 28, 2021
USD ($)
May 31, 2013
USD ($)
Debt Instrument [Line Items]                          
Loss on debt extinguishment       $ 179,000   $ 16,052,000 $ 16,841,000            
Total long-term debt including current maturities       1,164,991,000   1,513,703,000              
Interest costs capitalized       21,500,000   11,900,000 2,800,000            
Less debt issuance costs       14,840,000   16,496,000         $ 9,400,000    
Repayments of Long-term Debt       389,756,000   328,594,000 $ 368,527,000            
CMCP                          
Debt Instrument [Line Items]                          
Maximum borrowing capacity       145,400,000   63,900,000   zł 600,000   zł 300,000      
Revolving credit agreement                          
Debt Instrument [Line Items]                          
Revolving credit facility, maximum borrowing capacity       850,000,000                  
Revolving line of credit outstanding amount       $ 0   0              
Minimum interest coverage ratio       2.50 2.50                
Maximum debt to capitalization ratio       0.60 0.60                
Actual interest coverage ratio       34.79       34.79          
Actual debt to capitalization ratio       0.22       0.22          
Revolving credit agreement | CMCP                          
Debt Instrument [Line Items]                          
Revolving line of credit outstanding amount | zł               zł 0          
Borrowings under uncommitted lines of credit | zł         zł 0                
Stand-by letters of credit                          
Debt Instrument [Line Items]                          
Maximum borrowing capacity       $ 50,000,000                  
Stand by letters of credit outstanding amount       900,000   1,400,000              
Standby Letters of Credit | CMCP                          
Debt Instrument [Line Items]                          
Stand by letters of credit outstanding amount       $ 16,300,000   1,000,000              
U.S. Facility                          
Debt Instrument [Line Items]                          
Trade accounts receivable           150,000,000              
2023 Notes                          
Debt Instrument [Line Items]                          
Weighted average interest rate       4.875%       4.875%         4.875%
Total long-term debt including current maturities       $ 0   330,000,000             $ 330,000,000
Repayments of Long-term Debt $ 214,100,000 $ 115,900,000                      
$300 million notes at 4.125% due February 2030                          
Debt Instrument [Line Items]                          
Weighted average interest rate       4.125%       4.125%     4.125%    
Total long-term debt including current maturities       $ 300,000,000   300,000,000         $ 300,000,000    
$300 million notes at 4.375% due March 2032                          
Debt Instrument [Line Items]                          
Weighted average interest rate       4.375%       4.375%     4.375%    
Total long-term debt including current maturities       $ 300,000,000   300,000,000         $ 300,000,000    
$300 million notes at 3.875% due February 2031                          
Debt Instrument [Line Items]                          
Weighted average interest rate       3.875%       3.875%       3.875%  
Total long-term debt including current maturities       $ 300,000,000   300,000,000           $ 300,000,000  
Less debt issuance costs                       $ 4,900,000  
2026 Notes                          
Debt Instrument [Line Items]                          
Weighted average interest rate                       5.75%  
Loss on debt extinguishment           16,800,000              
Total long-term debt including current maturities                       $ 350,000,000  
Series 2022 Bonds, due 2047                          
Debt Instrument [Line Items]                          
Term loan, maximum principal amount     $ 145,100,000                    
Weighted average interest rate     4.00% 4.00%       4.00%          
Total long-term debt including current maturities       $ 145,060,000   145,060,000              
Less debt issuance costs     $ 3,100,000                    
Bonds, effective yield (interest rate)     0.035                    
Proceeds from issuance of debt     $ 150,000,000                    
Poland Term Loan | CMCP                          
Debt Instrument [Line Items]                          
Revolving line of credit outstanding amount           32,400,000       152,400      
Poland Term Loan | Revolving credit agreement                          
Debt Instrument [Line Items]                          
Weighted average interest rate       0.00%       0.00%          
Total long-term debt including current maturities       $ 0   32,439,000              
Credit Agreement Maturing March 2026 | Revolving credit agreement                          
Debt Instrument [Line Items]                          
Maximum borrowing capacity       600,000,000                  
Credit Agreement Maturing March 2026 | Line of Credit | Revolving credit agreement                          
Debt Instrument [Line Items]                          
Maximum borrowing capacity                 $ 400,000,000        
Credit Agreement, Maturing 2027 | Line of Credit | Secured Debt                          
Debt Instrument [Line Items]                          
Term loan, maximum principal amount                 $ 200,000,000        
Poland Program                          
Debt Instrument [Line Items]                          
Transfer of Accounts Receivable Program, Face Amount       69,800,000   61,300,000       288,000      
Transfers of Accounts Receivable Outstanding       $ 8,400,000   $ 26,400,000   zł 34,700   zł 124,000