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Equities
 3 Months Ended
Nov. 30, 2015
Equity [Abstract]  
Equities
Equities

Preferred Stock

In June 2014, we filed a shelf registration statement on Form S-3 with the SEC. Under the shelf registration, which has been declared effective by the SEC, we may offer and sell, from time to time, up to $2.0 billion of our Class B Cumulative Redeemable Preferred Stock over a three-year period. As of November 30, 2015, $990.0 million of our Class B Cumulative Redeemable Preferred Stock remained available for issuance under the shelf registration statement.

In September 2014, we issued 19,700,000 shares of Class B Series 3 Preferred Stock with a total redemption value of $492.5 million, excluding accumulated dividends. Net proceeds from the sale of our Class B Series 3 Preferred Stock, after deducting the underwriting discount and offering expenses payable by us, were approximately $476.7 million. The Class B Series 3 Preferred Stock is listed on the NASDAQ Stock Market LLC under the symbol CHSCM and accumulates dividends at a rate of 6.75% per year to, but excluding, September 30, 2024, and at a rate equal to the three-month LIBOR plus 4.155%, not to exceed 8.00% per annum thereafter, which are payable quarterly. Our Class B Series 3 Preferred Stock may be redeemed at our option beginning September 30, 2024.

In January 2015, we issued 20,700,000 shares of Class B Cumulative Redeemable Preferred Stock, Series 4 ("Class B Series 4 Preferred Stock") with a total redemption value of $517.5 million, excluding accumulated dividends. Net proceeds from the sale of our Class B Series 4 Preferred Stock, after deducting the underwriting discount and offering expenses payable by us, were approximately $501.0 million. The Class B Series 4 Preferred Stock is listed on the NASDAQ Stock Market LLC under the symbol CHSCL and accumulates dividends at a rate of 7.50% per year, which are payable quarterly. Our Class B Series 4 Preferred Stock may be redeemed at our option beginning January 21, 2025.
    
Changes in Equities

Changes in equities for the three months ended November 30, 2015 are as follows:

 
Equity Certificates
 
 
 
Accumulated
Other
Comprehensive
Loss
 
 
 
 
 
 
 
Capital
Equity
Certificates
 
Nonpatronage
Equity
Certificates
 
Nonqualified Equity Certificates
 
Preferred
Stock
 
 
Capital
Reserves
 
Noncontrolling
Interests
 
Total
Equities
 
(Dollars in thousands)
Balances, August 31, 2015
$
3,793,897

 
$
23,057

 
$
282,928

 
$
2,167,540

 
$
(214,207
)
 
$
1,604,670

 
$
11,526

 
$
7,669,411

Reversal of prior year redemption estimates
3,314

 
—

 
—

 
—

 
—

 
—

 
—

 
3,314

Redemptions of equities
(3,072
)
 
(27
)
 
(215
)
 
—

 
—

 
—

 
—

 
(3,314
)
Equities issued, net
13,943

 
—

 
—

 
—

 
—

 
—

 
—

 
13,943

Preferred stock dividends
—

 
—

 
—

 
—

 
—

 
(40,500
)
 
—

 
(40,500
)
Other, net
630

 
(7
)
 
33

 
—

 
—

 
(1,740
)
 
1,002

 
(82
)
Net income
—

 
—

 
—

 
—

 
—

 
266,475

 
(301
)
 
266,174

Other comprehensive income (loss), net of tax
—

 
—

 
—

 
—

 
(3,553
)
 
—

 
—

 
(3,553
)
Estimated 2016 cash patronage refunds
—

 
—

 
—

 
—

 
—

 
(73,119
)
 
—

 
(73,119
)
Estimated 2016 equity redemptions
(33,770
)
 
—

 
—

 
—

 
—

 
—

 
—

 
(33,770
)
Balances, November 30, 2015
$
3,774,942

 
$
23,023

 
$
282,746

 
$
2,167,540

 
$
(217,760
)
 
$
1,755,786

 
$
12,227

 
$
7,798,504

    
Accumulated Other Comprehensive Loss        

Changes in accumulated other comprehensive income (loss) by component, net of tax, are as follows for the three months ended November 30, 2015 and 2014:
 
Pension and Other Postretirement Benefits
 
Unrealized Net Gain on Available for Sale Investments
 
Cash Flow Hedges
 
Foreign Currency Translation Adjustment
 
Total
 
(Dollars in thousands)
Balance as of August 31, 2015
$
(171,729
)
 
$
4,156

 
$
(5,324
)
 
$
(41,310
)
 
$
(214,207
)
Current period other comprehensive income (loss), net of tax
6,419

 
560

 
(4,216
)
 
(2,980
)
 
(217
)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax
(3,218
)
 
—

 
(118
)
 
—

 
(3,336
)
Net other comprehensive income (loss), net of tax
3,201

 
560

 
(4,334
)
 
(2,980
)
 
(3,553
)
Balance as of November 30, 2015
$
(168,528
)
 
$
4,716

 
$
(9,658
)
 
$
(44,290
)
 
$
(217,760
)

 
Pension and Other Postretirement Benefits
 
Unrealized Net Gain on Available for Sale Investments
 
Cash Flow Hedges
 
Foreign Currency Translation Adjustment
 
Total
 
(Dollars in thousands)
Balance as of August 31, 2014
$
(151,852
)
 
$
4,398

 
$
(2,722
)
 
$
(6,581
)
 
$
(156,757
)
Current period other comprehensive income (loss), net of tax
348

 
630

 
(368
)
 
(5,206
)
 
(4,596
)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax
3,383

 
—

 
126

 
—

 
3,509

Net other comprehensive income (loss), net of tax
3,731

 
630

 
(242
)
 
(5,206
)
 
(1,087
)
Balance as of November 30, 2014
$
(148,121
)
 
$
5,028

 
$
(2,964
)
 
$
(11,787
)
 
$
(157,844
)
    
Amounts reclassified from accumulated other comprehensive income (loss) were primarily related to pension and other postretirement benefits. Pension and other postretirement reclassifications include amortization of net actuarial loss, prior service credit and transition amounts and are recorded as marketing, general and administrative expenses (see Note 8, Benefit Plans for further information).