Notes Payable and Long-Term Debt (Tables)

9 Months Ended

May. 31, 2015

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

	May 31, 2015		August 31, 2014
	(Dollars in thousands)
Notes payable	$	912,905	$	840,699
CHS Capital notes payable	359,143		318,774
Total notes payable	$	1,272,048	$	1,159,473

Schedule of Interest,Net

Interest, net for the three and nine months endedMay 31, 2015 and 2014 is as follows:

	For the Three Months Ended May 31,						For the Nine Months Ended May 31,
	2015			2014			2015			2014
	(Dollars in thousands)
Interest expense	$	24,365		$	23,397		$	64,975		$	57,823
Interest-purchase of NCRA noncontrolling interests	4,844			23,862			23,772			56,258
Capitalized interest	(17,104		)	(2,641		)	(41,715		)	(6,503		)
Interest income	(2,548		)	(2,129		)	(7,384		)	(5,315		)
Interest, net	$	9,557		$	42,489		$	39,648		$	102,263

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 Statement of Operations for the nine months ended May 31, 2014. See Note 12, Derivative Financial Instruments and Hedging Activities for additional information.