Notes Payable and Long-Term Debt (Tables)

9 Months Ended

May 31, 2014

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

	May 31, 2014		August 31, 2013		May 31, 2013
	(Dollars in thousands)
Notes payable	$	703,438	$	521,864	$	432,892
CHS Capital notes payable	426,381		367,448		439,246
Total notes payable	$	1,129,819	$	889,312	$	872,138

Schedule of Interest,Net

Interest, net for the three and nine months endedMay 31, 2014 and 2013 is as follows:

	For the Three Months Ended May 31,						For the Nine Months Ended May 31,
	2014			2013			2014			2013
	(Dollars in thousands)
Interest expense	$	23,397		$	25,649		$	57,823		$	73,304
Interest-purchase of NCRA noncontrolling interests	23,862			45,574			56,258			126,261
Capitalized interest	(2,641		)	(2,567		)	(6,503		)	(8,163		)
Interest income	(2,129		)	(2,262		)	(5,315		)	(4,413		)
Interest, net	$	42,489		$	66,394		$	102,263		$	186,989

In February 2014, we terminated interest rate swaps and recorded a resulting $13.5 million gain as a reduction to interest expense in our Consolidated Statements of Operations for the nine months ended May 31, 2014. See Note 9, Derivative Financial Instruments and Hedging Activities for additional information.